JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
ALTAR
Score™
5.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
41.7x P/Sales
ratio
1.8x
P/BV
ratio
2.6x Div.
yield
1.3%


  • 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) $1,050
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 530
Wgt avg mkt cap (mns) $7,218
Large cap (>$10bn) 24.0%
Mid cap ($2-10bn) 70.0%
Small cap (<$2bn) 4.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MATCH GROUP, INC. 1.2 %
TRADE DESK, INC. CLASS A 1.0 %
PINTEREST, INC. CLASS A 0.9 %
WEST PHARMACEUTICAL SERVICES 0.8 %
COUPA SOFTWARE, INC. 0.8 %
EPAM SYSTEMS INC 0.7 %
WAYFAIR INC- CLASS A 0.7 %
IMMUNOMEDICS INC 0.7 %
DATADOG INC CLASS A 0.7 %
TELADOC INC 0.7 %
Total 8.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.2 %
BERMUDA 1.3 %
BRITAIN 1.0 %
IRELAND 0.8 %
NETHERLANDS 0.2 %
PUERTO RICO 0.1 %





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.
25.5% -- -- -- 25.5%

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

Technical Indicators
Recent close $68.16
30d moving avg. $65.10
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $34,616

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™: 5.0%


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
(%)
BKSE BNY Mellon US Small Cap Core Equity ETF 54.0 4 3 5.5 +0.5
SCHM Schwab U.S. Mid-Cap ETF 53.9 4 3 5.7 +0.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 53.3 6 1 4.9 -0.0
SFYX Sofi Next 500 ETF 53.1 0 7 5.6 +0.7
IVOO Vanguard S&P Mid-Cap 400 ETF 52.6 10 -3 6.1 +1.1
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 52.4 17 -10 4.6 -0.4
IJH iShares Core S&P Mid-Cap ETF 52.0 5 2 6.3 +1.3
SPMD SPDR Portfolio Mid Cap ETF 52.0 5 2 6.3 +1.3
MDY SPDR S&P Midcap 400 ETF Trust 52.0 23 -16 6.1 +1.1
VB Vanguard Small-Cap ETF 51.7 5 2 5.1 +0.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 47.4 40 -33 7.0 +2.0
EZM WisdomTree U.S. MidCap Earnings Fund 45.8 38 -31 8.4 +3.4
VBK Vanguard Small-Cap Growth Index Fund 45.2 7 0 2.2 -2.8
FSMD Fidelity Small-Mid Factor ETF 45.2 29 -22 6.0 +1.1
VBR Vanguard Small Cap Value Index Fund 44.0 7 0 7.7 +2.8
SMDY Syntax Stratified MidCap ETF 42.0 30 -23 6.5 +1.5
SCHA Schwab U.S. Small-Cap ETF 40.8 4 3 4.6 -0.4
SMMD iShares Russell 2500 ETF 38.8 15 -8 5.5 +0.5
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 38.3 15 -8 4.7 -0.2
MDYG SPDR S&P 400 Mid Cap Growth ETF 37.8 15 -8 4.8 -0.1
IJK iShares S&P Mid-Cap 400 Growth ETF 37.8 24 -17 4.7 -0.2
VXF Vanguard Extended Market Index Fund 37.5 6 1 3.4 -1.6
FNX First Trust Mid Cap Core AlphaDEX Fund 37.4 61 -54 6.2 +1.2
RNMC Mid Cap US Equity Select ETF 36.6 60 -53 7.2 +2.3
RWK Invesco S&P MidCap 400 Revenue ETF 34.6 39 -32 7.7 +2.7
IWP iShares Russell Mid-Cap Growth ETF 32.7 24 -17 2.8 -2.2
JHMM John Hancock Multifactor Mid Cap ETF 32.5 42 -35 5.3 +0.3
AFMC First Trust Active Factor Mid Cap ETF 31.9 65 -58 6.1 +1.1
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 31.5 20 -13 8.8 +3.9
IJJ iShares S&P Mid-Cap 400 Value ETF 31.4 25 -18 7.9 +2.9
FNDA Schwab Fundamental U.S. Small Co. Index ETF 31.4 25 -18 7.0 +2.0
DON WisdomTree U.S. MidCap Dividend Fund 31.3 38 -31 7.3 +2.3
MDYV SPDR S&P 400 Mid Cap Value ETF 31.3 15 -8 8.1 +3.1
IVOV Vanguard S&P Mid-Cap 400 Value ETF 31.1 15 -8 8.0 +3.0
NUSC Nuveen ESG Small-Cap ETF 30.0 40 -33 4.6 -0.4
IUSS Invesco Strategic US Small Company ETF 29.2 23 -16 5.0 0.0
EQAL Invesco Russell 1000 Equal Weight ETF 29.1 20 -13 5.7 +0.7
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 28.8 29 -22 6.6 +1.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 27.4 24 -17 5.9 +0.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 27.2 66 -59 2.2 -2.8
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 26.6 29 -22 8.9 +3.9
JHSC John Hancock Multifactor Small Cap ETF 26.5 42 -35 5.3 +0.4
JKH iShares Morningstar Mid-Cap Growth ETF 26.3 30 -23 1.9 -3.0
IWR iShares Russell Midcap ETF 25.4 19 -12 5.3 +0.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 24.7 70 -63 2.0 -3.0
ONEO SPDR Russell 1000 Momentum Focus ETF 24.2 20 -13 6.2 +1.2
TUSA First Trust Total US Market AlphaDEX ETF 23.9 70 -63 5.5 +0.5
STMB iShares Factors US Mid Blend Style ETF 23.8 30 -23 5.5 +0.5
ONEV SPDR Russell 1000 Low Volatility Focus ETF 22.0 20 -13 6.7 +1.7
IWS iShares Russell Mid-Cap Value ETF 21.3 24 -17 6.7 +1.7
VFLQ Vanguard U.S. Liquidity Factor ETF 20.9 14 -7 4.0 -0.9
FNK First Trust Mid Cap Value AlphaDEX Fund 20.4 70 -63 10.3 +5.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 20.3 39 -32 4.4 -0.6
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 20.2 24 -17 6.3 +1.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 20.0 17 -10 6.1 +1.2
TPLC Timothy Plan US Large Cap Core ETF 19.7 52 -45 5.1 +0.2
JKK iShares Morningstar Small-Cap Growth ETF 18.9 30 -23 1.0 -4.0
FAB First Trust Multi Cap Value AlphaDEX Fund 18.8 71 -64 9.2 +4.2
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 18.3 30 -23 5.4 +0.4
RFG Invesco S&P Midcap 400 Pure Growth ETF 18.2 35 -28 3.8 -1.2
FTC First Trust Large Cap Growth AlphaDEX Fund 18.2 61 -54 2.6 -2.3
JKL iShares Morningstar Small Cap Value ETF 18.0 30 -23 9.5 +4.5
JKJ iShares Morningstar Small-Cap ETF 17.8 25 -18 6.1 +1.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 17.5 35 -28 5.3 +0.3
USMF WisdomTree U.S. Multifactor Fund 17.1 28 -21 5.6 +0.7
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 16.8 20 -13 4.5 -0.4
VFQY Vanguard U.S. Quality Factor ETF 16.8 13 -6 6.2 +1.2
JMOM JPMorgan U.S. Momentum Factor ETF 16.7 12 -5 3.3 -1.7
XMMO Invesco S&P MidCap Momentum ETF 16.4 34 -27 3.8 -1.2
VTWO Vanguard Russell 2000 Index Fund 16.4 10 -3 3.4 -1.5
IWM iShares Russell 2000 ETF 16.4 19 -12 3.2 -1.8
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 16.3 80 -73 5.5 +0.6
BFOR Barron's 400 ETF 15.9 65 -58 6.3 +1.3
CFA VictoryShares US 500 Volatility Weighted Index ETF 15.9 35 -28 5.5 +0.5
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 15.9 35 -28 5.5 +0.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 15.9 25 -18 6.0 +1.1
ONEY SPDR Russell 1000 Yield Focus ETF 15.6 20 -13 8.6 +3.6
VFMO Vanguard U.S. Momentum Factor ETF 15.4 13 -6 0.7 -4.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 15.3 4 3 5.1 +0.1
VFVA Vanguard U.S. Value Factor ETF 15.2 14 -7 10.5 +5.6
XSW SPDR S&P Software & Services ETF 15.1 35 -28 4.3 -0.7
JVAL JPMorgan U.S. Value Factor ETF 14.6 12 -5 8.1 +3.1
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 14.5 30 -23 5.4 +0.4
JHMT John Hancock Multifactor Technology ETF 14.4 40 -33 4.7 -0.3
SLT Salt TruBeta High Exposure ETF 14.2 60 -53 3.2 -1.8
QGRO American Century STOXX U.S. Quality Growth ETF 14.2 29 -22 3.7 -1.3
VFMF Vanguard U.S. Multifactor ETF 13.9 19 -12 7.1 +2.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 13.7 20 -13 4.7 -0.3
XMLV Invesco S&P MidCap Low Volatility ETF 13.4 25 -18 5.4 +0.4
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 13.2 15 -8 6.5 +1.5
JHMI John Hancock Multifactor Industrials ETF 12.7 40 -33 5.4 +0.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 12.4 29 -22 5.8 +0.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 12.3 65 -58 2.8 -2.1
FXL First Trust Technology AlphaDEX Fund 12.3 61 -54 3.1 -1.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 12.2 18 -11 6.0 +1.0
BOSS Global X Founder-Run Companies ETF 12.2 45 -38 3.2 -1.8
FEX First Trust Large Cap Core AlphaDEX Fund 11.8 60 -53 5.6 +0.7
AFSM First Trust Active Factor Small Cap ETF 11.6 75 -68 5.3 +0.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 11.4 29 -22 4.8 -0.1
STLC iShares Factors US Blend Style ETF 11.2 25 -18 5.1 +0.2

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 12.3 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.51
 
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.