JPMorgan U.S. Dividend ETF
ALTAR
Score™
8.3% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
17.5x P/Sales
ratio
1.2x
P/BV
ratio
1.7x Div.
yield
4.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The JPMorgan U.S. Dividend ETF tracks an index of US large-cap equities with higher dividend yields, weighted for greater exposure to sectors with high risk-adjusted dividend yields.

FUND BASICS
Category US Equities
Fund Sponsor JPMorgan
Website am.jpmorgan.com
Inception date Nov 08, 2017
Assets (mns) $35
Currency USD
Expense ratio 12 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 214
Wgt avg mkt cap (mns) $53,177
Large cap (>$10bn) 62.3%
Mid cap ($2-10bn) 31.9%
Small cap (<$2bn) 5.8%
Developed mkts 99.7%
Emerging mkts 0.3%

TOP TEN HOLDINGS
T-MOBILE US, INC. 1.3 %
CLOROX COMPANY 0.9 %
ELI LILLY & CO 0.9 %
GENERAL MILLS INC 0.8 %
INTEL CORP 0.8 %
HOME DEPOT INC 0.8 %
JOHNSON & JOHNSON 0.8 %
SCOTTS MIRACLE-GRO CO-CL A 0.8 %
DIGITAL REALTY TRUST INC 0.8 %
DOW CHEMICAL 0.8 %
Total 8.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.4 %
IRELAND 1.3 %
BRITAIN 1.0 %
SWITZERLAND 0.5 %
PANAMA 0.3 %
CANADA 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-22.4% -16.3% -- -- -3.9%

Market Correlations
versus... Beta R-squared
S&P500 1.10 87%
MSCI EAFE 1.18 85%
MSCI Emg. Mkts. 0.90 75%

Technical Indicators
Recent close $22.36
30d moving avg. $20.83
Annualized volatility 21.9%
Short interest (ETF) 1.4%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 14
Turnover 0.9%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $57,266

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: JDIV Expense: 12 bp ALTAR Score™: 8.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JDIV
Ticker Fund
Name
Overlap1
vs JDIV
(%)
Expense
ratio
(bp)
Savings
vs JDIV
(bp)
ALTAR
Score™
(%)
ALTAR
vs JDIV
(%)
JMIN JPMorgan U.S. Minimum Volatility ETF 43.6 12 0 6.0 -2.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 39.3 19 -7 6.4 -1.9
USDY Pacific Global US Equity Income ETF 38.6 29 -17 8.0 -0.3
DVY iShares Select Dividend ETF 37.9 39 -27 8.3 -0.0
DTN WisdomTree U.S. Dividend ex-Financials Fund 37.2 38 -26 8.1 -0.2
ONEY SPDR Russell 1000 Yield Focus ETF 37.0 20 -8 8.6 +0.3
VYM Vanguard High Dividend Yield Index ETF 36.9 6 6 7.3 -1.0
RNDV US Equity Dividend Select ETF 36.3 50 -38 8.1 -0.2
FVD First Trust Value Line Dividend Index Fund 35.8 70 -58 6.4 -1.9
SCHV Schwab U.S. Large-Cap Value ETF 34.7 4 8 7.2 -1.1
FLQL Franklin LibertyQ U.S. Equity ETF 34.1 15 -3 6.4 -1.9
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 34.1 35 -23 8.6 +0.3
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 33.8 35 -23 8.8 +0.5
DTD WisdomTree U.S.Total Dividend Fund 33.0 28 -16 6.7 -1.6
JVAL JPMorgan U.S. Value Factor ETF 32.3 12 0 9.0 +0.7
DLN WisdomTree U.S. LargeCap Dividend Fund 32.1 28 -16 6.5 -1.8
ROUS Hartford Multifactor US Equity ETF 31.2 19 -7 7.3 -1.0
IVE iShares S&P 500 Value ETF 31.2 18 -6 7.3 -1.0
SPYV SPDR Portfolio S&P 500 Value ETF 31.2 4 8 7.4 -0.9
IUSV iShares Core S&P U.S. Value ETF 31.0 4 8 7.5 -0.8
VOOV Vanguard S&P 500 Value ETF 30.9 15 -3 7.3 -1.0
VTV Vanguard Value Index Fund 30.9 4 8 7.4 -0.9
LSLT Salt Low truBeta US Market ETF 30.7 0 12 7.4 -0.9
PRF Invesco FTSE RAFI US 1000 ETF 30.0 39 -27 7.0 -1.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 29.4 25 -13 6.7 -1.6
VALQ American Century STOXX U.S. Quality Value ETF 29.3 29 -17 9.1 +0.8
OUSA O'Shares FTSE US Quality Dividend ETF 29.3 48 -36 5.8 -2.5
DHS WisdomTree U.S. High Dividend Fund 29.3 38 -26 8.6 +0.3
QDF FlexShares Quality Dividend Index Fund 29.1 37 -25 6.9 -1.4
IWD iShares Russell 1000 Value ETF 28.6 19 -7 7.2 -1.1
VONV Vanguard Russell 1000 Value Index Fund 28.3 8 4 7.3 -1.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 28.3 25 -13 6.7 -1.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 27.9 24 -12 6.2 -2.1
MGV Vanguard Mega Cap Value ETF 27.8 7 5 7.2 -1.1
RNLC Large Cap US Equity Select ETF 27.6 60 -48 6.4 -1.9
IUS Invesco Strategic US ETF 27.5 19 -7 6.4 -1.9
TPHD Timothy Plan High Dividend Stock ETF 27.4 52 -40 7.4 -0.9
EQWL Invesco Russell Top 200 Equal Weight ETF 27.3 25 -13 6.2 -2.1
EQAL Invesco Russell 1000 Equal Weight ETF 26.8 20 -8 5.3 -3.0
SCIU Global X Scientific Beta US ETF 26.7 19 -7 5.9 -2.4
DEW WisdomTree Global High Dividend Fund 26.6 58 -46 9.5 +1.2
JKI iShares Morningstar Mid-Cap Value ETF 26.5 30 -18 9.8 +1.5
PFM Invesco Dividend Achievers ETF 26.4 54 -42 5.4 -2.9
QDEF FlexShares Quality Dividend Defensive Index Fund 26.4 37 -25 6.4 -1.9
QDYN FlexShares Quality Dividend Dynamic Index Fund 26.4 37 -25 6.9 -1.4
IWS iShares Russell Mid-Cap Value ETF 26.3 24 -12 7.4 -0.9
LVUS Hartford Multifactor Low Volatility US Equity ETF 26.2 19 -7 6.1 -2.2
VLU SPDR S&P 1500 Value Tilt ETF 26.2 12 0 7.6 -0.7
MAGA Point Bridge GOP Stock Tracker ETF 26.0 72 -60 6.5 -1.8
SPYD SPDR S&P 500 High Dividend ETF 25.9 7 5 10.2 +1.9
FDRR Fidelity Dividend ETF for Rising Rates 25.9 29 -17 7.1 -1.2
JKF iShares Morningstar Large Cap Value ETF 25.8 25 -13 7.7 -0.6
USMV iShares Edge MSCI Min Vol USA ETF 25.7 15 -3 5.8 -2.5
EPS WisdomTree U.S. Earnings 500 Fund 25.7 8 4 6.6 -1.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 25.5 29 -17 6.3 -2.0
DIVB iShares U.S. Dividend & Buyback ETF 25.5 25 -13 6.6 -1.7
QUS SPDR MSCI USA StrategicFactors ETF 25.2 15 -3 5.9 -2.4
DGRO iShares Core Dividend Growth ETF 25.2 8 4 6.6 -1.7
SPXN ProShares S&P 500 Ex-Financials ETF 25.2 27 -15 5.2 -3.1
SPXT ProShares S&P 500 Ex-Technology ETF 25.1 27 -15 5.8 -2.5
RSP Invesco S&P 500 Equal Weight ETF 24.9 20 -8 7.1 -1.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 24.9 30 -18 6.9 -1.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 24.8 20 -8 7.2 -1.1
PBP Invesco S&P 500 BuyWrite ETF 24.5 49 -37 5.3 -3.0
RWL Invesco S&P 500 Revenue ETF 24.3 39 -27 7.0 -1.3
KLCD KFA Large Cap Quality Dividend Index ETF 24.2 41 -29 5.4 -2.9
MXDU Nationwide Maximum Diversification US Core Equity ETF 24.1 34 -22 5.4 -2.9
JHML John Hancock Multifactor Large Cap ETF 24.1 34 -22 5.7 -2.6
SPLV Invesco S&P 500 Low Volatility ETF 24.0 25 -13 5.8 -2.5
HSPX Global X S&P 500 Covered Call ETF 23.9 65 -53 5.2 -3.1
VOE Vanguard Mid-Cap Value Index Fund 23.9 7 5 8.1 -0.2
RAFE PIMCO RAFI ESG U.S. ETF 23.8 29 -17 7.8 -0.5
REVS Columbia Research Enhanced Value ETF 23.8 19 -7 7.7 -0.6
IWX iShares Russell Top 200 Value ETF 23.8 20 -8 7.1 -1.2
FDVV Fidelity Core Dividend ETF 23.8 29 -17 7.5 -0.8
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 23.7 35 -23 6.0 -2.3
SPLG SPDR Portfolio Large Cap ETF 23.6 3 9 5.6 -2.7
SPY SPDR S&P 500 ETF Trust 23.6 9 3 5.6 -2.7
IVV iShares Core S&P 500 ETF 23.6 4 8 5.6 -2.7
AFLG First Trust Active Factor Large Cap ETF 23.6 55 -43 6.0 -2.3
JQUA JPMorgan U.S. Quality Factor ETF 23.6 12 0 5.3 -3.0
VOO VANGUARD S&P 500 ETF 23.5 3 9 5.6 -2.7
FVAL Fidelity Value Factor ETF 23.4 29 -17 8.4 +0.1
AUSF Global X Adaptive U.S. Factor ETF 23.4 27 -15 8.4 +0.1
SCHD Schwab U.S. Dividend Equity ETF 23.4 6 6 7.4 -0.9
VV Vanguard Large-Cap Index Fund 23.3 4 8 5.5 -2.8
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 23.3 17 -5 7.1 -1.2
PBUS Invesco PureBeta MSCI USA ETF 23.3 4 8 5.6 -2.7
IWB iShares Russell 1000 ETF 23.2 15 -3 5.4 -2.9
DON WisdomTree U.S. MidCap Dividend Fund 23.1 38 -26 7.9 -0.4
SCHX Schwab U.S. Large-Cap ETF 23.1 3 9 5.5 -2.8
SPTM SPDR Portfolio Total Stock Market ETF 23.0 3 9 5.7 -2.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 23.0 2 10 5.6 -2.7
VONE Vanguard Russell 1000 ETF 23.0 8 4 5.5 -2.8
IFRA iShares U.S. Infrastructure ETF 22.9 40 -28 5.8 -2.5
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 22.8 29 -17 6.8 -1.5
RECS Columbia Research Enhanced Core ETF 22.8 15 -3 5.8 -2.5
SCHK Schwab 1000 Index ETF 22.8 5 7 5.5 -2.8
IYY iShares Dow Jones U.S. ETF 22.8 20 -8 5.4 -2.9

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 U.S. Dividend ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.8 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 12 bp
Equals: ALTAR Score 8.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 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.