JPMorgan BetaBuilders Europe ETF
ALTAR
Score™
7.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.0x P/Sales
ratio
1.3x
P/BV
ratio
1.5x Div.
yield
3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Seeks investment results that closely correspond to the Morningstar Developed Europe Target Market Exposure Index.

FUND BASICS
Category international Equities
Fund Sponsor JPMorgan
Website am.jpmorgan.com
Inception date Jun 15, 2018
Assets (mns) $4,539
Currency USD
Expense ratio 9 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 509
Wgt avg mkt cap (mns) $78,455
Large cap (>$10bn) 89.2%
Mid cap ($2-10bn) 10.0%
Small cap (<$2bn) 0.1%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
NESTLE SA-REG 3.8 %
ROCHE HOLDING AG-GENUSSCHEIN 2.6 %
NOVARTIS AG-REG 2.3 %
SAP AG 1.8 %
ASML HOLDING NV 1.8 %
LVMH MOET HENNESSY LOUIS VUI 1.5 %
ASTRAZENECA PLC 1.5 %
NOVO NORDISK A/S-B 1.3 %
SANOFI-AVENTIS 1.3 %
SIEMENS AG-REG 1.2 %
Total 19.2 %

TOP COUNTRY EXPOSURE
BRITAIN 21.2 %
SWITZERLAND 16.3 %
FRANCE 15.4 %
GERMANY 14.0 %
NETHERLANDS 7.5 %
SWEDEN 5.7 %
DENMARK 4.0 %
SPAIN 3.5 %
ITALY 3.4 %
FINLAND 2.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.8% -0.3% -- -- -0.6%

Market Correlations
versus... Beta R-squared
S&P500 0.83 81%
MSCI EAFE 1.01 97%
MSCI Emg. Mkts. 0.74 81%

Technical Indicators
Recent close $22.83
30d moving avg. $23.25
Annualized volatility 18.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 406
Turnover 0.2%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $25,828

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the JPMorgan BetaBuilders Europe ETF ETF based on the alternatives' overlap in portfolio holdings with BBEU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BBEU Expense: 9 bp ALTAR Score™: 7.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BBEU
Ticker Fund
Name
Overlap1
vs BBEU
(%)
Expense
ratio
(bp)
Savings
vs BBEU
(bp)
ALTAR
Score™
(%)
ALTAR
vs BBEU
(%)
FLEH Franklin FTSE Europe Hedged ETF 93.2 9 0 7.3 -0.2
FLEE Franklin FTSE Europe ETF 93.0 9 0 7.2 -0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 92.9 45 -36 6.9 -0.6
IEV iShares Europe ETF 92.4 59 -50 7.0 -0.5
IEUR iShares Core MSCI Europe ETF 86.5 9 0 7.4 -0.1
VGK Vanguard FTSE Europe ETF 86.2 8 1 7.6 +0.1
FEU SPDR Portfolio Europe ETF 83.7 9 0 7.5 +0.0
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 69.1 25 -16 6.6 -1.0
IQSI IQ Candriam ESG International Equity ETF 61.6 15 -6 7.5 +0.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 60.4 20 -11 7.2 -0.4
EFA iShares MSCI EAFE ETF 60.2 32 -23 7.1 -0.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 58.6 35 -26 7.0 -0.5
GSID Goldman Sachs MarketBeta International Equity ETF 57.6 20 -11 7.4 -0.1
ESGD iShares MSCI EAFE ESG Optimized ETF 56.8 20 -11 7.0 -0.5
HFXI IQ 50 Percent Hedged FTSE International ETF 55.3 20 -11 7.5 +0.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 53.3 7 2 7.6 +0.1
BKIE BNY Mellon International Equity ETF 53.2 4 5 7.5 +0.0
IEFA iShares Core MSCI EAFE ETF 52.6 7 2 7.4 -0.1
QEFA SPDR MSCI EAFE Quality Mix ETF 52.3 30 -21 6.9 -0.6
JHMD John Hancock Multifactor Developed International ETF 51.8 39 -30 7.4 -0.1
DOL WisdomTree International LargeCap Dividend Fund 50.2 48 -39 9.0 +1.5
SCHF Schwab International Equity ETF 49.8 6 3 7.3 -0.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 49.2 45 -36 6.9 -0.6
EZU iShares MSCI Eurozone ETF 48.9 49 -40 6.8 -0.7
EFG iShares MSCI EAFE Growth ETF 48.7 40 -31 4.6 -3.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 48.6 45 -36 9.0 +1.5
EFV iShares MSCI EAFE Value ETF 48.1 39 -30 9.8 +2.3
IDEV iShares Core MSCI International Developed Markets ETF 47.9 5 4 7.3 -0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 47.8 35 -26 8.8 +1.3
DWM WisdomTree International Equity Fund 47.7 48 -39 8.5 +1.0
EURZ Xtrackers Eurozone Equity ETF 47.5 9 0 7.2 -0.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 47.3 14 -5 7.1 -0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 45.0 25 -16 6.7 -0.8
SPDW SPDR Portfolio Developed World ex-US ETF 44.8 4 5 7.2 -0.3
VEA Vanguard FTSE Developed Markets ETF 43.9 5 4 7.5 -0.1
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 43.9 35 -26 6.9 -0.6
FNDF Schwab Fundamental International Large Co. Index ETF 43.4 25 -16 8.8 +1.3
PDEV Principal International Multi-Factor Core Index ETF 43.0 25 -16 8.0 +0.5
OEUR O'shares FTSE Europe Quality Dividend ETF 42.8 48 -39 7.0 -0.5
SCID Global X Scientific Beta Europe ETF 41.9 39 -30 0.0 -7.5
DMXF iShares ESG Advanced MSCI EAFE ETF 41.5 12 -3 7.0 -0.5
IDY Pacific Global International Equity Income ETF 40.1 39 -30 8.2 +0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 39.8 39 -30 6.6 -0.9
RESD WisdomTree International ESG Fund 39.5 30 -21 6.9 -0.6
IQLT iShares Edge MSCI Intl Quality Factor ETF 39.5 30 -21 6.1 -1.4
CWI SPDR MSCI ACWI ex-US ETF 38.6 30 -21 7.2 -0.3
ACWX iShares MSCI ACWI ex U.S. ETF 38.1 32 -23 7.3 -0.2
CIL VictoryShares International Volatility Weighted Index ETF 37.7 45 -36 7.0 -0.5
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 37.7 45 -36 7.0 -0.5
ISDX Invesco Strategic Developed ex-US ETF 37.4 23 -14 7.5 -0.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 37.4 40 -31 7.1 -0.4
IQIN IQ 500 International ETF 37.3 25 -16 8.8 +1.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 36.7 30 -21 4.5 -3.1
VYMI Vanguard International High Dividend Yield ETF 35.9 27 -18 10.2 +2.7
VEU Vanguard FTSE All-World ex-US Index Fund 35.7 8 1 7.6 +0.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 35.4 16 -7 7.0 -0.5
IXUS ishares Core MSCI Total International Stock ETF 33.9 9 0 7.4 -0.1
ISZE iShares Edge MSCI Intl Size Factor ETF 33.9 30 -21 7.3 -0.2
VSGX Vanguard ESG International Stock ETF 33.6 17 -8 7.1 -0.4
RNDM Developed International Equity Select ETF 32.8 65 -56 6.3 -1.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 31.9 39 -30 8.4 +0.9
AVDE Avantis International Equity ETF 31.7 23 -14 7.7 +0.2
RFEU First Trust Riverfront Dynamic Europe ETF 30.6 83 -74 6.0 -1.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 30.1 58 -49 6.1 -1.4
FEZ SPDR EURO STOXX 50 ETF 30.1 29 -20 7.0 -0.5
VXUS Vanguard Total International Stock Index Fund 30.0 8 1 7.6 +0.1
NUDM Nuveen ESG International Developed Markets Equity ETF 30.0 40 -31 6.9 -0.6
PQIN PGIM QMA Strategic Alpha International Equity ETF 29.7 29 -20 7.9 +0.4
TPIF Timothy Plan International ETF 29.0 62 -53 6.4 -1.1
DTH WisdomTree DEFA Equity Income Fund 28.5 58 -49 10.1 +2.6
VIGI Vanguard International Dividend Appreciation ETF 27.9 20 -11 5.6 -1.9
IGRO iShares International Dividend Growth ETF 27.9 22 -13 8.5 +1.0
RBIN Nationwide Risk-Based International Equity ETF 27.5 42 -33 6.1 -1.4
FDEV Fidelity Targeted International Factor ETF 27.4 39 -30 6.6 -0.9
RFDI First Trust Riverfront Dynamic Developed International ETF 27.3 83 -74 5.8 -1.7
IDHQ Invesco S&P International Developed Quality ETF 27.1 29 -20 5.1 -2.4
FIVA Fidelity International Value Factor ETF 26.9 39 -30 10.1 +2.6
VGFO Virtus WMC Global Factor Opportunities ETF 26.8 49 -40 8.2 +0.7
EFAV iShares Edge MSCI Min Vol EAFE ETF 26.7 20 -11 5.4 -2.1
IVLU iShares Edge MSCI Intl Value Factor ETF 25.0 30 -21 11.7 +4.2
QINT American Century Quality Diversified International ETF 24.6 39 -30 6.2 -1.3
IDMO Invesco S&P International Developed Momentum ETF 24.3 26 -17 4.1 -3.4
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 24.2 24 -15 7.0 -0.5
ESGG FlexShares STOXX Global ESG Impact Index Fund 24.0 42 -33 5.2 -2.3
JPIN JPMorgan Diversified Return International Equity ETF 23.3 37 -28 7.9 +0.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 23.1 32 -23 6.1 -1.4
HEDJ WisdomTree Europe Hedged Equity Fund 22.9 58 -49 7.0 -0.5
DOO WisdomTree International Dividend ex-Financials Fund 21.5 58 -49 9.1 +1.6
FLGB Franklin FTSE United Kingdom ETF 21.4 9 0 8.0 +0.5
IOO iShares Global 100 ETF 21.4 40 -31 4.7 -2.8
QGBR SPDR MSCI UK StrategicFactors ETF 20.9 14 -5 8.3 +0.8
EWU iShares MSCI United Kingdom ETF 20.7 50 -41 7.7 +0.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 20.5 29 -20 7.8 +0.3
IDLB Invesco FTSE International Low Beta Equal Weight ETF 20.0 45 -36 6.6 -0.9
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 19.9 80 -71 6.7 -0.8
IQDE FlexShares International Quality Dividend Defensive Index Fd 19.7 47 -38 9.2 +1.7
TOK iShares MSCI Kokusai ETF 19.7 25 -16 5.4 -2.1
QWLD SPDR MSCI World StrategicFactors ETF 19.6 30 -21 6.1 -1.4

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
JPMorgan BetaBuilders Europe ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.7 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 7.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.57
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.