JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
ALTAR
Score™
5.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
38.7x P/Sales
ratio
1.7x
P/BV
ratio
2.4x Div.
yield
1.4%


  • 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) $8
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 532
Wgt avg mkt cap (mns) $6,764
Large cap (>$10bn) 19.0%
Mid cap ($2-10bn) 75.6%
Small cap (<$2bn) 5.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MATCH GROUP, INC. 1.0 %
COUPA SOFTWARE, INC. 0.9 %
WEST PHARMACEUTICAL SERVICES 0.9 %
TRADE DESK, INC. CLASS A 0.8 %
WAYFAIR INC- CLASS A 0.8 %
TELADOC INC 0.8 %
EPAM SYSTEMS INC 0.7 %
ETSY, INC. 0.6 %
TERADYNE INC 0.6 %
TYLER TECHNOLOGIES INC 0.6 %
Total 7.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.3 %
BERMUDA 1.3 %
BRITAIN 0.8 %
IRELAND 0.7 %
NETHERLANDS 0.2 %
PUERTO RICO 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
22.6% -- -- -- 22.6%

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

Technical Indicators
Recent close $63.83
30d moving avg. $60.58
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 3
Turnover 2.4%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $30,112

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™: 5.3%


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
(%)
SPMD SPDR Portfolio Mid Cap ETF 56.7 5 2 6.3 +1.0
IJH iShares Core S&P Mid-Cap ETF 56.7 6 1 6.3 +1.0
MDY SPDR S&P Midcap 400 ETF Trust 56.7 23 -16 6.2 +0.9
IVOO Vanguard S&P Mid-Cap 400 ETF 56.7 10 -3 6.2 +0.9
SCHM Schwab U.S. Mid-Cap ETF 56.4 4 3 6.0 +0.7
VB Vanguard Small-Cap ETF 56.1 5 2 5.2 -0.1
BKSE BNY Mellon US Small Cap Core Equity ETF 54.0 4 3 5.8 +0.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 53.4 6 1 5.0 -0.3
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 53.2 17 -10 4.9 -0.4
SFYX Sofi Next 500 ETF 52.2 0 7 5.7 +0.4
EWMC Invesco S&P MidCap 400 Equal Weight ETF 50.8 40 -33 6.8 +1.5
VBK Vanguard Small-Cap Growth Index Fund 48.8 7 0 2.2 -3.1
FNX First Trust Mid Cap Core AlphaDEX Fund 47.7 61 -54 6.4 +1.1
EZM WisdomTree U.S. MidCap Earnings Fund 46.6 38 -31 8.8 +3.5
FSMD Fidelity Small-Mid Factor ETF 46.6 29 -22 6.7 +1.4
SCHA Schwab U.S. Small-Cap ETF 46.0 4 3 4.4 -0.9
SMDY Syntax Stratified MidCap ETF 44.8 30 -23 6.1 +0.8
VBR Vanguard Small Cap Value Index Fund 44.1 7 0 8.1 +2.8
MDYG SPDR S&P 400 Mid Cap Growth ETF 41.9 15 -8 4.8 -0.5
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 41.9 15 -8 4.7 -0.6
IJK iShares S&P Mid-Cap 400 Growth ETF 41.9 24 -17 4.7 -0.6
VXF Vanguard Extended Market Index Fund 39.6 7 0 3.5 -1.8
SMMD iShares Russell 2500 ETF 38.9 15 -8 5.6 +0.3
RNMC Mid Cap US Equity Select ETF 37.8 60 -53 7.3 +2.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 37.5 70 -63 2.0 -3.3
RWK Invesco S&P MidCap 400 Revenue ETF 35.9 39 -32 7.7 +2.4
JHSC John Hancock Multifactor Small Cap ETF 34.7 42 -35 5.6 +0.3
AFMC First Trust Active Factor Mid Cap ETF 33.5 65 -58 5.9 +0.6
DON WisdomTree U.S. MidCap Dividend Fund 33.1 38 -31 7.4 +2.1
FNDA Schwab Fundamental U.S. Small Co. Index ETF 32.8 25 -18 6.2 +0.9
IJJ iShares S&P Mid-Cap 400 Value ETF 32.7 25 -18 8.2 +2.9
MDYV SPDR S&P 400 Mid Cap Value ETF 32.7 15 -8 8.3 +3.0
IVOV Vanguard S&P Mid-Cap 400 Value ETF 32.7 15 -8 8.3 +3.0
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 32.5 20 -13 9.2 +3.9
JHMM John Hancock Multifactor Mid Cap ETF 31.6 42 -35 5.5 +0.2
NUSC Nuveen ESG Small-Cap ETF 31.2 40 -33 4.9 -0.5
IUSS Invesco Strategic US Small Company ETF 30.4 23 -16 5.2 -0.1
EQAL Invesco Russell 1000 Equal Weight ETF 29.6 20 -13 5.4 +0.1
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 29.2 29 -22 6.7 +1.4
IWP iShares Russell Mid-Cap Growth ETF 29.0 24 -17 2.8 -2.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 27.9 24 -17 6.0 +0.7
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 27.8 29 -22 9.4 +4.1
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 26.3 48 -41 5.5 +0.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 25.9 66 -59 2.2 -3.1
JKH iShares Morningstar Mid-Cap Growth ETF 25.8 30 -23 2.1 -3.2
IWR iShares Russell Midcap ETF 24.5 19 -12 5.5 +0.2
ONEO SPDR Russell 1000 Momentum Focus ETF 23.9 20 -13 6.2 +0.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 23.7 24 -17 6.6 +1.3
VFLQ Vanguard U.S. Liquidity Factor ETF 23.0 14 -7 4.5 -0.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 22.6 20 -13 6.8 +1.5
TUSA First Trust Total US Market AlphaDEX ETF 22.3 70 -63 5.7 +0.4
IWS iShares Russell Mid-Cap Value ETF 21.5 24 -17 7.0 +1.7
FNK First Trust Mid Cap Value AlphaDEX Fund 21.4 70 -63 10.8 +5.5
RFG Invesco S&P Midcap 400 Pure Growth ETF 21.1 35 -28 3.9 -1.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 20.9 39 -32 4.0 -1.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 20.1 17 -10 6.2 +0.9
JKL iShares Morningstar Small Cap Value ETF 19.0 30 -23 10.0 +4.7
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 18.7 30 -23 5.5 +0.2
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 18.7 20 -13 4.6 -0.7
JKJ iShares Morningstar Small-Cap ETF 18.6 25 -18 6.4 +1.1
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 18.3 80 -73 5.1 -0.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 18.3 35 -28 5.2 -0.1
FAB First Trust Multi Cap Value AlphaDEX Fund 17.5 71 -64 9.7 +4.4
USMF WisdomTree U.S. Multifactor Fund 17.4 28 -21 5.3 -0.0
XMMO Invesco S&P MidCap Momentum ETF 17.3 39 -32 4.4 -0.9
JKK iShares Morningstar Small-Cap Growth ETF 17.1 30 -23 1.0 -4.3
IWM iShares Russell 2000 ETF 17.0 19 -12 3.5 -1.8
VTWO Vanguard Russell 2000 Index Fund 17.0 10 -3 3.6 -1.7
CFA VictoryShares US 500 Volatility Weighted Index ETF 16.6 35 -28 5.6 +0.3
VFQY Vanguard U.S. Quality Factor ETF 16.3 13 -6 5.8 +0.5
ONEY SPDR Russell 1000 Yield Focus ETF 16.1 20 -13 9.0 +3.7
VFMO Vanguard U.S. Momentum Factor ETF 15.8 13 -6 0.1 -5.2
JMOM JPMorgan U.S. Momentum Factor ETF 15.4 12 -5 3.5 -1.8
PVAL Principal Contrarian Value Index ETF 15.3 29 -22 9.8 +4.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 15.2 25 -18 6.3 +1.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 14.9 30 -23 5.4 +0.1
VFVA Vanguard U.S. Value Factor ETF 14.8 14 -7 11.0 +5.7
BKMC BNY Mellon US Mid Cap Core Equity ETF 14.8 4 3 5.4 +0.1
BFOR Barron's 400 ETF 14.6 65 -58 6.1 +0.8
JVAL JPMorgan U.S. Value Factor ETF 14.5 12 -5 8.5 +3.2
XMLV Invesco S&P MidCap Low Volatility ETF 14.3 25 -18 5.5 +0.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 14.3 20 -13 4.9 -0.4
XSW SPDR S&P Software & Services ETF 13.9 35 -28 3.8 -1.5
VFMF Vanguard U.S. Multifactor ETF 13.4 19 -12 6.8 +1.5
JHMT John Hancock Multifactor Technology ETF 13.1 40 -33 4.8 -0.6
JHMI John Hancock Multifactor Industrials ETF 13.1 40 -33 5.6 +0.3
EQWM Invesco S&P MidCap Quality ETF 12.5 25 -18 6.1 +0.8
BOSS Global X Founder-Run Companies ETF 12.5 45 -38 3.5 -1.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 12.1 30 -23 7.2 +1.9
JPUS JPMorgan Diversified Return U.S. Equity ETF 12.1 18 -11 6.0 +0.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 11.9 29 -22 4.7 -0.6
QGRO American Century STOXX U.S. Quality Growth ETF 11.9 29 -22 3.0 -2.3
PDP Invesco DWA Momentum ETF 11.7 62 -55 2.3 -3.0
AFSM First Trust Active Factor Small Cap ETF 11.6 75 -68 5.3 -0.0
ROUS Hartford Multifactor US Equity ETF 11.6 19 -12 7.0 +1.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 11.3 29 -22 5.8 +0.5
AUSF Global X Adaptive U.S. Factor ETF 11.3 27 -20 7.6 +2.3
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 11.0 75 -68 1.2 -4.1
ETHO Etho Climate Leadership U.S. ETF 10.8 47 -40 4.2 -1.1
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 10.8 63 -56 6.2 +0.9

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:

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 12.2 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 5.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.52
 
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.