JPMorgan Carbon Transition U.S. Equity ETF
ALTAR
Score™
4.9% info Recommen-
dation
NEUTRAL
2021E    2022E
P/E
ratio
21.6x P/Sales
ratio
2.7x
P/BV
ratio
3.7x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
JCTR tracks a market-cap-weighted index of large-cap US stocks that are selected with a preference toward lower carbon footprint.

FUND BASICS
Category US Equities
Fund Sponsor JPMorgan Chase
Website am.jpmorgan.com
Inception date Dec 09, 2020
Assets (mns) $23
Currency USD
Expense ratio 15 bp
Distributions Annually

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 328
Wgt avg mkt cap (mns) $496,965
Large cap (>$10bn) 97.6%
Mid cap ($2-10bn) 2.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 6.0 %
MICROSOFT CORP 5.2 %
AMAZON.COM INC 4.0 %
ALPHABET INC. CLASS A 3.6 %
FACEBOOK 1.6 %
JOHNSON & JOHNSON 1.5 %
TESLA MOTORS INC 1.4 %
PAYPAL HOLDINGS INC 1.3 %
NVIDIA CORP 1.3 %
WALT DISNEY CO/THE 1.2 %
Total 27.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.0 %
IRELAND 2.2 %
BRITAIN 1.1 %
SWITZERLAND 0.4 %
LUXEMBOURG 0.1 %
CANADA 0.0 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
2.0% -- -- -- 2.0%

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

Technical Indicators
Recent close $51.29
30d moving avg. $51.79
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Short interest (Underlying) 1.4%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $203,458

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: JCTR Expense: 15 bp ALTAR Score™: 4.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JCTR
Ticker Fund
Name
Overlap1
vs JCTR
(%)
Expense
ratio
(bp)
Savings
vs JCTR
(bp)
ALTAR
Score™
(%)
ALTAR
vs JCTR
(%)
ESGV Vanguard ESG U.S. Stock ETF 81.2 12 3 4.6 -0.3
MGC Vanguard Mega Cap Index Fund 75.2 7 8 4.8 -0.1
PBP Invesco S&P 500 BuyWrite ETF 74.4 49 -34 4.5 -0.4
IWL iShares Russell Top 200 ETF 73.8 15 0 4.6 -0.3
XYLG Global X S&P 500 Covered Call & Growth ETF 73.3 60 -45 4.4 -0.5
BKLC BNY Mellon US Large Cap Core Equity ETF 72.6 0 15 4.7 -0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 72.6 20 -5 4.7 -0.2
SPY SPDR S&P 500 ETF Trust 72.3 9 6 4.8 -0.1
IVV iShares Core S&P 500 ETF 72.3 3 12 4.9 -0.0
SPLG SPDR Portfolio Large Cap ETF 72.2 3 12 4.9 0.0
SPXE ProShares S&P 500 Ex-Energy ETF 71.6 27 -12 4.8 -0.1
ESGU iShares MSCI USA ESG Optimized ETF 71.5 15 0 4.6 -0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 71.5 20 -5 4.9 0.0
VOO VANGUARD S&P 500 ETF 71.4 3 12 4.9 0.0
EFIV SPDR S&P 500 ESG ETF 70.9 10 5 4.9 -0.0
SNPE Xtrackers S&P 500 ESG ETF 70.9 10 5 4.9 -0.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 70.1 7 8 4.7 -0.2
XVV iShares ESG Screened S&P 500 ETF 69.6 8 7 4.9 +0.0
SPXN ProShares S&P 500 Ex-Financials ETF 69.4 27 -12 4.4 -0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 69.1 2 13 4.8 -0.1
PBUS Invesco PureBeta MSCI USA ETF 69.1 4 11 4.8 -0.1
VV Vanguard Large-Cap Index Fund 69.0 4 11 4.7 -0.2
SPTM SPDR Portfolio Total Stock Market ETF 68.1 3 12 4.9 +0.0
SPXV ProShares S&P 500 Ex-Health Care ETF 67.9 27 -12 4.4 -0.5
SCHX Schwab U.S. Large-Cap ETF 67.8 3 12 4.7 -0.2
OEF iShares S&P 100 ETF 67.7 20 -5 4.5 -0.4
IWB iShares Russell 1000 ETF 66.7 15 0 4.6 -0.3
IQSU IQ Candriam ESG US Equity ETF 66.5 9 6 4.7 -0.2
IYY iShares Dow Jones U.S. ETF 65.8 20 -5 4.6 -0.3
SCHK Schwab 1000 Index ETF 65.7 5 10 4.7 -0.2
VONE Vanguard Russell 1000 ETF 64.4 8 7 4.7 -0.2
CATH Global X S&P 500 Catholic Values Custom ETF 63.9 29 -14 4.6 -0.3
VTHR Vanguard Russell 3000 Index Fund 63.0 10 5 4.5 -0.4
ESG FlexShares STOXX US ESG Impact Index Fund 62.9 32 -17 4.7 -0.2
IWV iShares Russell 3000 ETF 62.7 20 -5 4.4 -0.5
SFY SoFi Select 500 ETF 62.3 0 15 4.7 -0.2
EPS WisdomTree U.S. Earnings 500 Fund 62.3 8 7 6.1 +1.2
SCHB Schwab U.S. Broad Market ETF 62.3 3 12 4.6 -0.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 61.9 3 12 4.5 -0.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 61.1 12 3 4.1 -0.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 61.1 9 6 5.0 +0.1
WOMN Impact Shares YWCA Women's Empowerment ETF 61.1 75 -60 3.7 -1.2
VTI Vanguard Total Stock Market Index Fund 60.7 3 12 4.5 -0.4
SPXT ProShares S&P 500 Ex-Technology ETF 60.5 27 -12 5.0 +0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 60.2 60 -45 3.7 -1.2
DFAU Dimensional US Core Equity Market ETF 60.2 12 3 4.8 -0.1
JHML John Hancock Multifactor Large Cap ETF 59.5 29 -14 5.0 +0.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 59.4 15 0 0.0 -4.9
VOOG Vanguard S&P 500 Growth ETF 58.7 10 5 3.9 -1.0
RESP WisdomTree US ESG Fund of Benef Interest 57.6 28 -13 5.4 +0.5
SPYG SPDR Portfolio S&P 500 Growth ETF 57.4 4 11 3.9 -1.0
IVW iShares S&P 500 Growth ETF 57.4 18 -3 3.8 -1.1
QUS SPDR MSCI USA StrategicFactors ETF 57.2 15 0 5.4 +0.5
DSI iShares MSCI KLD 400 Social ETF 57.1 25 -10 4.6 -0.3
IUSG iShares Core S&P US Growth ETF 57.0 4 11 3.9 -1.0
DIVB iShares U.S. Dividend & Buyback ETF 56.6 25 -10 6.0 +1.1
NACP Impact Shares NAACP Minority Empowerment ETF 56.6 49 -34 4.9 +0.0
VOOV Vanguard S&P 500 Value ETF 56.2 10 5 6.2 +1.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 54.7 10 5 5.0 +0.1
SUSL iShares ESG MSCI USA Leaders ETF 54.7 10 5 4.9 +0.0
KRMA Global X Conscious Companies ETF 54.6 43 -28 5.1 +0.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 54.2 25 -10 5.6 +0.7
SCHV Schwab U.S. Large-Cap Value ETF 54.0 4 11 6.1 +1.2
XLG Invesco S&P 500 Top 50 ETF 53.9 20 -5 4.3 -0.6
IUS Invesco Strategic US ETF 53.7 19 -4 5.2 +0.3
PRF Invesco FTSE RAFI US 1000 ETF 53.3 39 -24 5.7 +0.8
SPYV SPDR Portfolio S&P 500 Value ETF 52.9 4 11 6.3 +1.4
IVE iShares S&P 500 Value ETF 52.8 18 -3 6.1 +1.2
DLN WisdomTree U.S. LargeCap Dividend Fund 52.6 28 -13 6.4 +1.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 52.5 49 -34 3.7 -1.2
IWF iShares Russell 1000 Growth ETF 52.5 19 -4 3.6 -1.3
IUSV iShares Core S&P U.S. Value ETF 52.4 4 11 6.3 +1.4
HIPR Direxion High Growth ETF 52.3 40 -25 4.1 -0.8
VONV Vanguard Russell 1000 Value Index Fund 52.3 8 7 6.1 +1.2
EQWL Invesco Russell Top 200 Equal Weight ETF 52.1 25 -10 5.8 +0.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 52.1 30 -15 5.1 +0.2
IWY iShares Russell Top 200 Growth ETF 51.6 20 -5 3.8 -1.1
VONG Vanguard Russell 1000 Growth Index Fund 51.6 8 7 3.7 -1.2
AVUS Avantis U.S. Equity ETF 51.4 15 0 5.0 +0.1
IWD iShares Russell 1000 Value ETF 51.3 19 -4 5.9 +1.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 51.3 25 -10 5.5 +0.6
KOKU Xtrackers MSCI Kokusai Equity ETF 51.2 9 6 5.1 +0.2
TOK iShares MSCI Kokusai ETF 51.1 25 -10 4.9 +0.1
DTD WisdomTree U.S.Total Dividend Fund 51.1 28 -13 6.4 +1.5
VUG Vanguard Growth Index Fund 50.6 4 11 3.5 -1.4
RECS Columbia Research Enhanced Core ETF 50.5 15 0 5.4 +0.5
SUSA iShares MSCI USA ESG Select ETF 50.3 25 -10 4.4 -0.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 49.8 30 -15 5.2 +0.3
AFLG First Trust Active Factor Large Cap ETF 49.4 55 -40 4.8 -0.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 48.9 25 -10 5.0 +0.1
MGK Vanguard Mega Cap Growth ETF 48.6 7 8 3.7 -1.2
FVAL Fidelity Value Factor ETF 48.4 29 -14 6.8 +1.9
RWL Invesco S&P 500 Revenue ETF 48.4 39 -24 6.1 +1.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 48.0 19 -4 5.2 +0.3
FQAL Fidelity Quality Factor ETF 47.9 29 -14 5.1 +0.2
DGRO iShares Core Dividend Growth ETF 47.7 8 7 6.4 +1.5
URTH iShares MSCI World ETF 47.2 24 -9 5.1 +0.2
ESGG FlexShares STOXX Global ESG Impact Index Fund 46.9 42 -27 4.8 -0.1

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
JPMorgan Carbon Transition U.S. 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 18.1 %
Divided by: Fwd. P/BV 3.6 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 CATEGORY
AVERAGE
1.50
 
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.