JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
ALTAR
Score™
3.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
57.2x P/Sales
ratio
2.1x
P/BV
ratio
3.1x Div.
yield
1.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
BBMC tracks an index of US midcap equities, selected and weighted by market cap.

FUND BASICS
Category US Equities
Fund Sponsor JPMorgan Chase
Website am.jpmorgan.com
Inception date Apr 14, 2020
Assets (mns) $1,378
Currency USD
Expense ratio 7 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 551
Wgt avg mkt cap (mns) $7,806
Large cap (>$10bn) 25.2%
Mid cap ($2-10bn) 71.9%
Small cap (<$2bn) 1.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PLUG POWER INC 0.8 %
ETSY, INC. 0.8 %
ENPHASE ENERGY INC 0.8 %
TERADYNE INC 0.7 %
WAYFAIR INC- CLASS A 0.7 %
EPAM SYSTEMS INC 0.6 %
CATALENT INC 0.6 %
OCCIDENTAL PETROLEUM CORP 0.6 %
INSULET CORP 0.6 %
MONGODB, INC. CLASS A 0.6 %
Total 6.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 85.5 %
BERMUDA 1.1 %
BRITAIN 0.9 %
IRELAND 0.7 %
PUERTO RICO 0.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
56.8% -- -- -- 56.8%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $82.87
30d moving avg. $79.15
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 51
Turnover 0.3%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $43,953

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the JPMorgan BetaBuilders U.S. Mid Cap Equity ETF ETF based on the alternatives' overlap in portfolio holdings with BBMC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BBMC Expense: 7 bp ALTAR Score™: 3.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BBMC
Ticker Fund
Name
Overlap1
vs BBMC
(%)
Expense
ratio
(bp)
Savings
vs BBMC
(bp)
ALTAR
Score™
(%)
ALTAR
vs BBMC
(%)
SCHM Schwab U.S. Mid-Cap ETF 52.0 4 3 5.0 +1.1
IVOO Vanguard S&P Mid-Cap 400 ETF 51.5 10 -3 5.3 +1.4
IJH iShares Core S&P Mid-Cap ETF 51.0 5 2 5.4 +1.4
SPMD SPDR Portfolio Mid Cap ETF 51.0 5 2 5.4 +1.4
MDY SPDR S&P Midcap 400 ETF Trust 51.0 23 -16 5.2 +1.3
BKSE BNY Mellon US Small Cap Core Equity ETF 50.8 4 3 4.7 +0.8
SFYX Sofi Next 500 ETF 49.7 0 7 4.9 +1.0
VB Vanguard Small-Cap ETF 49.0 5 2 4.5 +0.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 48.8 6 1 4.1 +0.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 47.8 17 -10 4.1 +0.2
EWMC Invesco S&P MidCap 400 Equal Weight ETF 47.0 40 -33 5.7 +1.8
VBR Vanguard Small Cap Value Index Fund 43.5 7 0 6.4 +2.5
FSMD Fidelity Small-Mid Factor ETF 42.1 29 -22 5.3 +1.4
VBK Vanguard Small-Cap Growth Index Fund 41.3 7 0 1.9 -2.0
SCHA Schwab U.S. Small-Cap ETF 40.9 4 3 3.6 -0.3
SMDY Syntax Stratified MidCap ETF 40.7 30 -23 5.2 +1.3
FNX First Trust Mid Cap Core AlphaDEX Fund 37.7 61 -54 5.1 +1.2
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 36.7 15 -8 4.2 +0.3
MDYG SPDR S&P 400 Mid Cap Growth ETF 35.2 15 -8 3.8 -0.1
IJK iShares S&P Mid-Cap 400 Growth ETF 35.2 17 -10 3.8 -0.1
RWK Invesco S&P MidCap 400 Revenue ETF 34.9 39 -32 6.4 +2.5
SMMD iShares Russell 2500 ETF 34.6 15 -8 4.7 +0.8
EZM WisdomTree U.S. MidCap Earnings Fund 34.4 38 -31 7.6 +3.7
RNMC Mid Cap US Equity Select ETF 33.2 60 -53 6.1 +2.2
MDYV SPDR S&P 400 Mid Cap Value ETF 33.2 15 -8 6.9 +3.0
IJJ iShares S&P Mid-Cap 400 Value ETF 33.2 18 -11 6.9 +3.0
AFMC First Trust Active Factor Mid Cap ETF 31.8 65 -58 5.3 +1.4
VXF Vanguard Extended Market Index Fund 31.7 6 1 2.5 -1.4
JHMM John Hancock Multifactor Mid Cap ETF 31.0 42 -35 4.7 +0.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 30.8 15 -8 6.7 +2.8
FNDA Schwab Fundamental U.S. Small Co. Index ETF 28.8 25 -18 4.8 +0.9
DON WisdomTree U.S. MidCap Dividend Fund 28.6 38 -31 6.7 +2.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 28.6 29 -22 6.0 +2.1
JHSC John Hancock Multifactor Small Cap ETF 27.9 42 -35 4.6 +0.6
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 27.6 20 -13 7.1 +3.2
NUSC Nuveen ESG Small-Cap ETF 27.4 40 -33 4.0 +0.1
EQAL Invesco Russell 1000 Equal Weight ETF 27.2 20 -13 5.0 +1.1
IUSS Invesco Strategic US Small Company ETF 26.4 23 -16 3.7 -0.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 25.0 24 -17 5.5 +1.6
JKH iShares Morningstar Mid-Cap Growth ETF 24.4 30 -23 1.9 -2.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 24.3 70 -63 1.6 -2.3
IWP iShares Russell Mid-Cap Growth ETF 24.2 24 -17 2.7 -1.3
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 23.7 29 -22 7.3 +3.4
ONEO SPDR Russell 1000 Momentum Focus ETF 23.7 20 -13 5.6 +1.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 23.5 66 -59 1.8 -2.1
IWR iShares Russell Midcap ETF 22.5 19 -12 4.7 +0.8
STMB iShares Factors US Mid Blend Style ETF 21.6 30 -23 5.0 +1.0
IWS iShares Russell Mid-Cap Value ETF 21.5 24 -17 6.0 +2.0
FNK First Trust Mid Cap Value AlphaDEX Fund 21.3 70 -63 7.8 +3.9
ONEV SPDR Russell 1000 Low Volatility Focus ETF 21.3 20 -13 6.2 +2.3
JKL iShares Morningstar Small Cap Value ETF 20.7 30 -23 7.6 +3.7
TUSA First Trust Total US Market AlphaDEX ETF 20.2 70 -63 4.8 +0.9
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 20.1 35 -28 5.1 +1.2
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 19.7 17 -10 5.7 +1.8
IWM iShares Russell 2000 ETF 19.7 19 -12 2.5 -1.4
VTWO Vanguard Russell 2000 Index Fund 19.7 10 -3 2.7 -1.2
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 19.3 24 -17 5.0 +1.1
VFLQ Vanguard U.S. Liquidity Factor ETF 18.6 14 -7 3.5 -0.5
FAB First Trust Multi Cap Value AlphaDEX Fund 18.2 71 -64 7.5 +3.6
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 18.1 30 -23 5.4 +1.5
TPLC Timothy Plan US Large Cap Core ETF 17.8 52 -45 4.5 +0.6
JKJ iShares Morningstar Small-Cap ETF 17.7 25 -18 5.1 +1.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 17.4 39 -32 3.5 -0.4
ONEY SPDR Russell 1000 Yield Focus ETF 17.4 20 -13 7.2 +3.3
VFVA Vanguard U.S. Value Factor ETF 17.1 14 -7 8.5 +4.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 16.7 25 -18 5.0 +1.0
VFQY Vanguard U.S. Quality Factor ETF 16.7 13 -6 5.3 +1.4
USMF WisdomTree U.S. Multifactor Fund 16.6 28 -21 5.5 +1.5
RFG Invesco S&P Midcap 400 Pure Growth ETF 16.1 35 -28 3.4 -0.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 15.9 20 -13 3.9 -0.1
BFOR Barron's 400 ETF 15.7 65 -58 5.6 +1.7
XMMO Invesco S&P MidCap Momentum ETF 15.7 34 -27 3.5 -0.4
VFMO Vanguard U.S. Momentum Factor ETF 15.4 13 -6 1.4 -2.5
JVAL JPMorgan U.S. Value Factor ETF 15.2 12 -5 7.2 +3.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 15.1 20 -13 3.7 -0.2
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 15.1 35 -28 5.1 +1.2
CFA VictoryShares US 500 Volatility Weighted Index ETF 15.1 35 -28 5.1 +1.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 15.0 75 -68 2.1 -1.8
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 14.6 80 -73 4.7 +0.8
VFMF Vanguard U.S. Multifactor ETF 14.3 19 -12 6.2 +2.3
JMOM JPMorgan U.S. Momentum Factor ETF 14.2 12 -5 3.0 -0.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 14.1 4 3 4.9 +1.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 13.0 29 -22 4.3 +0.4
SIXL 6 Meridian Low Beta Equity Strategy ETF 12.9 84 -77 4.2 +0.2
FTC First Trust Large Cap Growth AlphaDEX Fund 12.6 61 -54 2.3 -1.7
JKK iShares Morningstar Small-Cap Growth ETF 12.5 30 -23 0.6 -3.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 12.5 18 -11 5.6 +1.7
AVUS Avantis U.S. Equity ETF 12.5 15 -8 4.9 +1.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 12.4 30 -23 5.1 +1.2
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 12.3 15 -8 6.0 +2.0
QQQJ Invesco NASDAQ Next Gen 100 ETF 12.2 15 -8 2.6 -1.3
JHMT John Hancock Multifactor Technology ETF 12.2 40 -33 4.1 +0.2
IWO iShares Russell 2000 Growth ETF 12.2 24 -17 -0.1 -4.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 12.2 30 -23 5.0 +1.0
VTWG Vanguard Russell 2000 Growth Index Fund 12.0 15 -8 0.1 -3.9
XMLV Invesco S&P MidCap Low Volatility ETF 11.8 25 -18 5.1 +1.2
JHMI John Hancock Multifactor Industrials ETF 11.6 40 -33 5.1 +1.2
STSB iShares Factors US Small Blend Style ETF 11.5 35 -28 3.0 -1.0
XMHQ Invesco S&P MidCap Quality ETF 11.4 25 -18 5.5 +1.5
VIS Vanguard Industrials Index Fund 11.3 10 -3 4.7 +0.8

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 U.S. Mid Cap Equity ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.4 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 3.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.49
 
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.