JPMorgan BetaBuilders Japan ETF
ALTAR
Score™
9.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
11.8x P/Sales
ratio
0.7x
P/BV
ratio
1.0x Div.
yield
3.1%


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

FUND BASICS
Category international Equities
Fund Sponsor JPMorgan
Website am.jpmorgan.com
Inception date Jun 15, 2018
Assets (mns) $2,285
Currency USD
Expense ratio 19 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 375
Wgt avg mkt cap (mns) $32,006
Large cap (>$10bn) 69.7%
Mid cap ($2-10bn) 28.8%
Small cap (<$2bn) 1.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP 4.6 %
SONY CORP 2.2 %
KEYENCE CORP 1.8 %
SOFTBANK GROUP CORP. 1.7 %
MITSUBISHI UFJ FINANCIAL GRO 1.4 %
TAKEDA PHARMACEUTICAL CO LTD 1.4 %
KDDI CORPORATION 1.4 %
NINTENDO CO LTD 1.3 %
DAIICHI SANKYO CO LTD 1.2 %
RECRUIT HOLDINGS CO LTD 1.2 %
Total 18.3 %

TOP COUNTRY EXPOSURE
JAPAN 98.2 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.6% -7.8% -- -- -7.7%

Market Correlations
versus... Beta R-squared
S&P500 0.71 78%
MSCI EAFE 0.76 80%
MSCI Emg. Mkts. 0.57 62%

Technical Indicators
Recent close $19.50
30d moving avg. $20.70
Annualized volatility 15.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 2,356
Turnover 2.0%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $22,268

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the JPMorgan BetaBuilders Japan ETF ETF based on the alternatives' overlap in portfolio holdings with BBJP. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BBJP Expense: 19 bp ALTAR Score™: 9.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BBJP
Ticker Fund
Name
Overlap1
vs BBJP
(%)
Expense
ratio
(bp)
Savings
vs BBJP
(bp)
ALTAR
Score™
(%)
ALTAR
vs BBJP
(%)
EWJ iShares MSCI Japan ETF 92.4 49 -30 9.6 -0.3
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 92.1 30 -11 9.9 -0.1
FLJP Franklin FTSE Japan ETF 91.2 9 10 10.0 +0.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 91.1 45 -26 9.8 -0.2
FLJH Franklin FTSE Japan Hedged ETF 91.0 9 10 10.1 +0.1
QJPN SPDR MSCI Japan StrategicFactors ETF 90.6 14 5 10.1 +0.2
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 84.3 9 10 10.0 +0.1
JPXN iShares JPX-Nikkei 400 ETF 84.2 48 -29 9.7 -0.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 78.5 25 -6 9.7 -0.3
IPAC iShares Core MSCI Pacific ETF 60.5 9 10 9.5 -0.4
EWJE iShares MSCI Japan Equal Weighted ETF 56.3 15 4 9.1 -0.8
DXJ WisdomTree Japan Hedged Equity Fund 55.6 48 -29 11.0 +1.1
VPL Vanguard FTSE Pacific ETF 51.7 8 11 10.0 +0.1
EWJV iShares MSCI Japan Value ETF 50.4 15 4 13.6 +3.7
SCIJ Global X Scientific Beta Japan ETF 47.9 39 -20 8.9 -1.1
JPMV iShares Edge MSCI Min Vol Japan ETF 45.3 30 -11 8.4 -1.6
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 39.5 83 -64 9.1 -0.8
IVLU iShares Edge MSCI Intl Value Factor ETF 36.7 30 -11 14.3 +4.4
PQIN PGIM QMA Strategic Alpha International Equity ETF 30.5 29 -10 9.5 -0.4
ISZE iShares Edge MSCI Intl Size Factor ETF 30.1 30 -11 9.2 -0.7
IQIN IQ 500 International ETF 29.7 25 -6 11.3 +1.4
JHMD John Hancock Multifactor Developed International ETF 26.8 45 -26 9.6 -0.4
EFV iShares MSCI EAFE Value ETF 26.8 39 -20 12.7 +2.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 26.5 20 -1 9.2 -0.8
IDY Pacific Global International Equity Income ETF 26.4 39 -20 11.1 +1.2
HFXI IQ 50 Percent Hedged FTSE International ETF 25.7 20 -1 9.5 -0.4
EFA iShares MSCI EAFE ETF 25.7 32 -13 9.2 -0.7
FNDF Schwab Fundamental International Large Co. Index ETF 25.5 25 -6 11.4 +1.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 25.4 14 5 8.8 -1.2
ESGD iShares MSCI EAFE ESG Optimized ETF 25.0 20 -1 9.2 -0.7
EFG iShares MSCI EAFE Growth ETF 24.8 40 -21 6.0 -3.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 24.8 35 -16 8.9 -1.0
QEFA SPDR MSCI EAFE Quality Mix ETF 24.4 30 -11 8.3 -1.6
IQSI IQ Candriam ESG International Equity ETF 24.4 15 4 9.3 -0.7
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 24.3 7 12 9.6 -0.4
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 24.2 48 -29 0.0 -9.9
RBIN Nationwide Risk-Based International Equity ETF 23.9 42 -23 8.6 -1.4
SPDW SPDR Portfolio Developed World ex-US ETF 23.0 4 15 9.3 -0.6
IEFA iShares Core MSCI EAFE ETF 23.0 7 12 9.4 -0.5
FJP First Trust Japan AlphaDEX Fund 22.9 80 -61 12.3 +2.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 22.9 39 -20 8.4 -1.5
SCHF Schwab International Equity ETF 22.1 6 13 9.5 -0.4
PDEV Principal International Multi-Factor Core Index ETF 22.0 25 -6 8.6 -1.3
DIM WisdomTree International MidCap Dividend Fund 21.6 58 -39 10.4 +0.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 21.4 45 -26 11.6 +1.7
UIVM VictoryShares USAA MSCI International Value Momentum ETF 21.3 35 -16 10.9 +1.0
TPIF Timothy Plan International ETF 21.2 62 -43 9.0 -1.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 21.0 25 -6 8.7 -1.2
CIL Victory CEMP International Volatility Weighted Index ETF 20.6 45 -26 9.3 -0.6
CIZ Victory CEMP Developed Enhanced Volatility Weighted Index ET 20.6 45 -26 9.4 -0.5
IDEV iShares Core MSCI International Developed Markets ETF 19.8 5 14 9.4 -0.5
VEA Vanguard FTSE Developed Markets ETF 19.8 5 14 9.7 -0.3
IDLB Invesco FTSE International Low Beta Equal Weight ETF 19.8 45 -26 8.8 -1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 19.8 35 -16 11.0 +1.1
JPGE JPMorgan Diversified Return Global Equity ETF 19.5 29 -10 9.4 -0.5
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 19.3 24 -5 9.3 -0.7
DWM WisdomTree International Equity Fund 19.1 48 -29 10.8 +0.9
DDJP WisdomTree Dynamic Currency Hedged Japan Equity Fund 19.0 43 -24 11.1 +1.2
RFDI First Trust Riverfront Dynamic Developed International ETF 18.7 83 -64 8.1 -1.8
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 18.5 80 -61 7.0 -2.9
DWMF WisdomTree International Multifactor Fund 18.4 38 -19 8.4 -1.6
NUDM Nuveen ESG International Developed Markets Equity ETF 18.4 40 -21 8.7 -1.2
VSGX Vanguard ESG International Stock ETF 18.0 17 2 9.3 -0.6
ISDX Invesco Strategic Developed ex-US ETF 18.0 23 -4 10.1 +0.2
CWI SPDR MSCI ACWI ex-US ETF 17.3 30 -11 9.5 -0.4
DOL WisdomTree International LargeCap Dividend Fund 17.2 48 -29 11.0 +1.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 17.1 39 -20 11.9 +2.0
ACWX iShares MSCI ACWI ex U.S. ETF 16.9 32 -13 9.6 -0.3
VEU Vanguard FTSE All-World ex-US Index Fund 16.9 8 11 9.8 -0.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 16.8 16 3 8.9 -1.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 16.7 29 -10 10.9 +0.9
EFAV iShares Edge MSCI Min Vol EAFE ETF 16.7 20 -1 6.8 -3.1
IMTM iShares Edge MSCI Intl Momentum Factor ETF 16.3 30 -11 5.9 -4.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 16.2 40 -21 9.2 -0.7
QINT American Century Quality Diversified International ETF 16.2 39 -20 7.7 -2.2
JPIN JPMorgan Diversified Return International Equity ETF 16.2 38 -19 10.0 +0.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 16.0 32 -13 7.8 -2.2
FDEV Fidelity Targeted International Factor ETF 16.0 39 -20 7.9 -2.1
EXI iShares Global Industrials ETF 15.8 46 -27 8.5 -1.4
FIVA Fidelity International Value Factor ETF 15.6 39 -20 13.5 +3.6
IDHQ Invesco S&P International Developed High Quality ETF 15.4 29 -10 6.7 -3.2
RXI iShares Global Consumer Discretionary ETF 15.3 46 -27 8.3 -1.6
VXUS Vanguard Total International Stock Index Fund 15.3 8 11 9.8 -0.1
IXUS ishares Core MSCI Total International Stock ETF 15.0 9 10 9.7 -0.2
ESGN Columbia Sustainable International Equity Income ETF 14.8 45 -26 14.3 +4.4
AVDE Avantis International Equity ETF 14.6 23 -4 10.4 +0.5
IQLT iShares Edge MSCI Intl Quality Factor ETF 13.3 30 -11 7.7 -2.3
KLDW Gavekal Knowledge Leaders Developed World ETF 13.2 75 -56 6.5 -3.4
IQDG WisdomTree International Quality Dividend Growth Fund 13.2 38 -19 8.0 -1.9
FDT First Trust Developed Markets ex-US Alphadex Fund 13.2 80 -61 11.5 +1.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 13.2 58 -39 7.8 -2.1
LVIN Hartford Multifactor Low Volatility International Equity ETF 13.0 29 -10 15.0 +5.1
IGRO iShares International Dividend Growth ETF 12.8 22 -3 9.9 +0.0
DTH WisdomTree DEFA Equity Income Fund 12.7 58 -39 12.6 +2.7
MVIN Natixis Seeyond International Minimum Volatility ETF 12.6 55 -36 7.6 -2.3
DOO WisdomTree International Dividend ex-Financials Fund 12.4 58 -39 11.1 +1.2
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 11.5 61 -42 6.8 -3.2
FIDI Fidelity International High Dividend ETF 11.1 39 -20 16.3 +6.4
VYMI Vanguard International High Dividend Yield ETF 11.1 32 -13 12.6 +2.6

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%.

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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

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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 Japan 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 9.6 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 9.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.58
 
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.