JPMorgan U.S. Dividend ETF
ALTAR
Score™
7.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
22.9x P/Sales
ratio
1.3x
P/BV
ratio
1.7x Div.
yield
4.0%


  • 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) $36
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 216
Wgt avg mkt cap (mns) $58,136
Large cap (>$10bn) 64.6%
Mid cap ($2-10bn) 33.7%
Small cap (<$2bn) 1.8%
Developed mkts 99.7%
Emerging mkts 0.3%

TOP TEN HOLDINGS
CHEMOURS CO. 0.8 %
MICROSOFT CORP 0.7 %
GAP INC/THE 0.7 %
CHEVRON CORP 0.7 %
INVESCO LTD 0.7 %
PINNACLE WEST CAPITAL 0.7 %
INTERNATIONAL PAPER CO 0.7 %
WHIRLPOOL CORP 0.7 %
AES CORP 0.7 %
CATERPILLAR INC 0.7 %
Total 7.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.7 %
IRELAND 1.5 %
BRITAIN 0.6 %
SWITZERLAND 0.5 %
PANAMA 0.3 %
CANADA 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.
-14.6% -10.4% -- -- 0.0%

Market Correlations
versus... Beta R-squared
S&P500 1.06 87%
MSCI EAFE 1.15 84%
MSCI Emg. Mkts. 0.84 72%

Technical Indicators
Recent close $24.14
30d moving avg. $23.86
Annualized volatility 20.7%
Short interest (ETF) 0.8%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.3%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $51,747

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 7.7%


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 41.5 12 0 5.4 -2.3
ONEY SPDR Russell 1000 Yield Focus ETF 40.6 20 -8 8.8 +1.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 39.2 18 -6 6.1 -1.7
USDY Pacific Global US Equity Income ETF 36.2 29 -17 7.0 -0.7
FVD First Trust Value Line Dividend Index Fund 35.9 70 -58 6.1 -1.6
DTN WisdomTree U.S. Dividend ex-Financials Fund 35.5 38 -26 8.0 +0.2
DVY iShares Select Dividend ETF 35.1 39 -27 9.2 +1.5
RNDV US Equity Dividend Select ETF 33.9 50 -38 7.8 +0.1
VOOV Vanguard S&P 500 Value ETF 33.1 10 2 7.2 -0.5
VYM Vanguard High Dividend Yield Index ETF 32.8 6 6 7.4 -0.3
JVAL JPMorgan U.S. Value Factor ETF 32.2 12 0 8.3 +0.6
SPYV SPDR Portfolio S&P 500 Value ETF 32.1 4 8 7.3 -0.5
IVE iShares S&P 500 Value ETF 32.1 18 -6 7.1 -0.6
DTD WisdomTree U.S.Total Dividend Fund 32.1 28 -16 6.6 -1.1
IUSV iShares Core S&P U.S. Value ETF 32.0 4 8 7.4 -0.4
PRF Invesco FTSE RAFI US 1000 ETF 30.9 39 -27 6.7 -1.0
DLN WisdomTree U.S. LargeCap Dividend Fund 30.8 28 -16 6.4 -1.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 30.7 25 -13 6.6 -1.1
SCHV Schwab U.S. Large-Cap Value ETF 30.6 4 8 6.8 -1.0
VTV Vanguard Value Index Fund 30.5 4 8 7.3 -0.4
FTA First Trust Large Cap Value AlphaDEX Fund 30.4 60 -48 9.0 +1.3
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 30.0 35 -23 8.7 +1.0
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 29.9 35 -23 8.8 +1.1
IUS Invesco Strategic US ETF 29.9 19 -7 6.4 -1.3
RNLC Large Cap US Equity Select ETF 29.6 60 -48 6.0 -1.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 29.4 25 -13 6.7 -1.1
EQAL Invesco Russell 1000 Equal Weight ETF 29.0 20 -8 5.8 -1.9
DHS WisdomTree U.S. High Dividend Fund 28.6 38 -26 8.7 +1.0
MAGA Point Bridge GOP Stock Tracker ETF 28.4 72 -60 6.4 -1.4
FLQL Franklin LibertyQ U.S. Equity ETF 28.4 15 -3 6.1 -1.6
TPHD Timothy Plan High Dividend Stock ETF 28.4 52 -40 7.3 -0.4
JKI iShares Morningstar Mid-Cap Value ETF 28.0 30 -18 8.8 +1.1
VLU SPDR S&P 1500 Value Tilt ETF 28.0 12 0 7.3 -0.5
VONV Vanguard Russell 1000 Value Index Fund 27.9 8 4 6.9 -0.8
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 27.9 24 -12 6.0 -1.8
IWD iShares Russell 1000 Value ETF 27.8 19 -7 6.8 -0.9
RSP Invesco S&P 500 Equal Weight ETF 27.0 20 -8 6.4 -1.3
OUSA O'Shares FTSE US Quality Dividend ETF 26.9 48 -36 5.8 -1.9
VOE Vanguard Mid-Cap Value Index Fund 26.9 7 5 7.5 -0.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 26.8 17 -5 6.7 -1.0
PFM Invesco Dividend Achievers ETF 26.8 53 -41 5.3 -2.4
RWL Invesco S&P 500 Revenue ETF 26.6 39 -27 7.1 -0.6
MGV Vanguard Mega Cap Value ETF 26.5 7 5 7.2 -0.5
DGRO iShares Core Dividend Growth ETF 26.3 8 4 6.6 -1.1
EPS WisdomTree U.S. Earnings 500 Fund 26.3 8 4 6.3 -1.4
SCIU Global X Scientific Beta US ETF 25.9 19 -7 0.0 -7.7
DIVB iShares U.S. Dividend & Buyback ETF 25.9 25 -13 6.8 -0.9
VALQ American Century STOXX U.S. Quality Value ETF 25.7 29 -17 8.9 +1.1
FDRR Fidelity Dividend ETF for Rising Rates 25.6 29 -17 6.7 -1.0
ROUS Hartford Multifactor US Equity ETF 25.5 19 -7 6.4 -1.4
DEW WisdomTree Global High Dividend Fund 25.2 58 -46 9.7 +1.9
RAFE PIMCO RAFI ESG U.S. ETF 25.2 29 -17 7.6 -0.1
SPXT ProShares S&P 500 Ex-Technology ETF 25.1 27 -15 5.5 -2.3
SPXN ProShares S&P 500 Ex-Financials ETF 25.1 27 -15 4.8 -2.9
EQWL Invesco Russell Top 200 Equal Weight ETF 25.0 25 -13 6.2 -1.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 25.0 9 3 5.9 -1.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 24.8 29 -17 5.9 -1.9
JHML John Hancock Multifactor Large Cap ETF 24.7 29 -17 5.4 -2.4
FAB First Trust Multi Cap Value AlphaDEX Fund 24.7 71 -59 9.4 +1.7
DON WisdomTree U.S. MidCap Dividend Fund 24.6 38 -26 7.4 -0.3
HSPX Global X S&P 500 Covered Call ETF 24.4 60 -48 4.8 -2.9
LSLT Salt Low truBeta US Market ETF 24.3 60 -48 5.7 -2.0
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 24.2 29 -17 9.2 +1.5
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 24.1 35 -23 5.3 -2.4
QDYN FlexShares Quality Dividend Dynamic Index Fund 23.9 37 -25 6.0 -1.7
PBP Invesco S&P 500 BuyWrite ETF 23.9 49 -37 4.8 -2.9
AUSF Global X Adaptive U.S. Factor ETF 23.9 27 -15 9.1 +1.4
XYLG Global X S&P 500 Covered Call & Growth ETF 23.9 60 -48 4.9 -2.9
QDEF FlexShares Quality Dividend Defensive Index Fund 23.8 37 -25 5.9 -1.8
SPLG SPDR Portfolio Large Cap ETF 23.6 3 9 5.2 -2.5
SPY SPDR S&P 500 ETF Trust 23.6 9 3 5.2 -2.5
IVV iShares Core S&P 500 ETF 23.6 3 9 5.2 -2.5
VFVA Vanguard U.S. Value Factor ETF 23.6 14 -2 10.8 +3.1
QUS SPDR MSCI USA StrategicFactors ETF 23.5 15 -3 5.8 -2.0
RVRS Reverse Cap Weighted U.S. Large Cap ETF 23.4 29 -17 7.4 -0.3
KRMA Global X Conscious Companies ETF 23.4 43 -31 5.1 -2.6
IWX iShares Russell Top 200 Value ETF 23.4 20 -8 6.7 -1.0
SDOG ALPS Sector Dividend Dogs ETF 23.4 40 -28 9.7 +2.0
VOO VANGUARD S&P 500 ETF 23.4 3 9 5.3 -2.5
IWS iShares Russell Mid-Cap Value ETF 23.3 24 -12 6.8 -0.9
ONEV SPDR Russell 1000 Low Volatility Focus ETF 23.2 20 -8 6.8 -0.9
FVAL Fidelity Value Factor ETF 23.2 29 -17 7.7 -0.1
FDVV Fidelity Core Dividend ETF 23.1 29 -17 7.0 -0.7
SPTM SPDR Portfolio Total Stock Market ETF 23.1 3 9 5.4 -2.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 23.0 7 5 5.1 -2.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 22.9 20 -8 5.2 -2.5
IWB iShares Russell 1000 ETF 22.8 15 -3 4.9 -2.8
PBUS Invesco PureBeta MSCI USA ETF 22.8 4 8 5.1 -2.7
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 22.8 29 -17 6.7 -1.0
SCHX Schwab U.S. Large-Cap ETF 22.8 3 9 5.0 -2.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 22.8 2 10 5.1 -2.6
RBUS Nationwide Risk-Based U.S. Equity ETF 22.7 30 -18 4.6 -3.1
SCHK Schwab 1000 Index ETF 22.7 5 7 5.1 -2.7
VV Vanguard Large-Cap Index Fund 22.7 4 8 5.1 -2.7
REVS Columbia Research Enhanced Value ETF 22.7 19 -7 7.7 +0.0
EUSA iShares MSCI USA Equal Weighted ETF 22.6 15 -3 6.0 -1.7
FEX First Trust Large Cap Core AlphaDEX Fund 22.6 60 -48 5.8 -2.0
IYY iShares Dow Jones U.S. ETF 22.5 20 -8 4.9 -2.8
VONE Vanguard Russell 1000 ETF 22.5 8 4 5.0 -2.7
SPYD SPDR S&P 500 High Dividend ETF 22.5 7 5 11.0 +3.3

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 13.1 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 12 bp
Equals: ALTAR Score 7.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 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.