JPMorgan U.S. Minimum Volatility ETF
ALTAR
Score™
5.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.5x P/Sales
ratio
2.2x
P/BV
ratio
3.0x Div.
yield
2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
JMIN holds lower-volatility US large-cap stocks from the Russell 1000 Index, weighted to emphasize lower-volatility sectors.

FUND BASICS
Category US Equities
Fund Sponsor JPMorgan
Website am.jpmorgan.com
Inception date Nov 08, 2017
Assets (mns) $18
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 232
Wgt avg mkt cap (mns) $76,449
Large cap (>$10bn) 84.3%
Mid cap ($2-10bn) 15.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SCOTTS MIRACLE-GRO CO-CL A 0.8 %
MICROSOFT CORP 0.7 %
ELI LILLY & CO 0.7 %
FIRST SOLAR INC 0.7 %
NEXTERA ENERGY GROUP 0.7 %
BIO-TECHNE CORPORATION 0.7 %
SYNOPSYS INC 0.7 %
POOL CORP 0.7 %
HOME DEPOT INC 0.7 %
THERMO FISHER SCIENTIFIC INC 0.7 %
Total 7.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.2 %
IRELAND 1.2 %
BRITAIN 0.7 %
BERMUDA 0.7 %
SWITZERLAND 0.6 %
NETHERLANDS 0.3 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.2% 4.2% -- -- 9.5%

Market Correlations
versus... Beta R-squared
S&P500 0.79 90%
MSCI EAFE 0.74 77%
MSCI Emg. Mkts. 0.59 64%

Technical Indicators
Recent close $32.09
30d moving avg. $31.80
Annualized volatility 15.7%
Short interest (ETF) 9.1%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 16
Turnover 2.9%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $70,090

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 potential alternatives to the JPMorgan U.S. Minimum Volatility ETF ETF based on the alternatives' overlap in portfolio holdings with JMIN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JMIN Expense: 12 bp ALTAR Score™: 5.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JMIN
Ticker Fund
Name
Overlap1
vs JMIN
(%)
Expense
ratio
(bp)
Savings
vs JMIN
(bp)
ALTAR
Score™
(%)
ALTAR
vs JMIN
(%)
RBUS Nationwide Risk-Based U.S. Equity ETF 45.2 30 -18 4.6 -0.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 44.2 18 -6 5.6 +0.3
JDIV JPMorgan U.S. Dividend ETF 40.5 12 0 6.7 +1.4
USMV iShares Edge MSCI Min Vol USA ETF 39.1 15 -3 5.3 +0.0
FVL First Trust Value Line 100 ETF 38.7 70 -58 6.0 +0.6
FVD First Trust Value Line Dividend Index Fund 38.5 70 -58 5.8 +0.5
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 38.2 35 -23 5.1 -0.2
LSLT Salt Low truBeta US Market ETF 38.1 60 -48 5.8 +0.4
VOOV Vanguard S&P 500 Value ETF 37.7 10 2 6.6 +1.3
SPLV Invesco S&P 500 Low Volatility ETF 36.6 25 -13 5.6 +0.3
QUS SPDR MSCI USA StrategicFactors ETF 36.1 15 -3 5.3 -0.1
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 34.8 17 -5 6.1 +0.8
FLQL Franklin LibertyQ U.S. Equity ETF 34.4 15 -3 5.9 +0.6
IVE iShares S&P 500 Value ETF 34.0 18 -6 6.3 +1.0
SPYV SPDR Portfolio S&P 500 Value ETF 34.0 4 8 6.4 +1.1
SPXT ProShares S&P 500 Ex-Technology ETF 33.9 27 -15 4.9 -0.5
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 33.6 35 -23 5.1 -0.3
CFA VictoryShares US 500 Volatility Weighted Index ETF 33.3 35 -23 5.0 -0.3
IUSV iShares Core S&P U.S. Value ETF 33.2 4 8 6.4 +1.1
RNLC Large Cap US Equity Select ETF 32.8 60 -48 5.2 -0.1
VONV Vanguard Russell 1000 Value Index Fund 32.7 8 4 6.1 +0.8
SCHV Schwab U.S. Large-Cap Value ETF 32.6 4 8 6.1 +0.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 32.5 9 3 5.0 -0.3
ROUS Hartford Multifactor US Equity ETF 32.4 19 -7 5.9 +0.6
KRMA Global X Conscious Companies ETF 32.1 43 -31 4.8 -0.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 31.9 24 -12 5.4 +0.1
IWD iShares Russell 1000 Value ETF 31.6 19 -7 6.0 +0.7
RSP Invesco S&P 500 Equal Weight ETF 31.4 20 -8 5.6 +0.3
SPXN ProShares S&P 500 Ex-Financials ETF 31.4 27 -15 4.4 -1.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 31.3 9 3 4.8 -0.5
DLN WisdomTree U.S. LargeCap Dividend Fund 31.1 28 -16 6.2 +0.9
PSET Principal Price Setters Index ETF 31.1 15 -3 4.6 -0.7
PBP Invesco S&P 500 BuyWrite ETF 31.0 49 -37 4.3 -1.0
JHML John Hancock Multifactor Large Cap ETF 30.9 29 -17 4.9 -0.5
DTD WisdomTree U.S.Total Dividend Fund 30.9 28 -16 6.3 +0.9
XYLG Global X S&P 500 Covered Call & Growth ETF 30.7 60 -48 4.4 -0.9
SPY SPDR S&P 500 ETF Trust 30.3 9 3 4.7 -0.6
IVV iShares Core S&P 500 ETF 30.3 3 9 4.7 -0.6
SPLG SPDR Portfolio Large Cap ETF 30.3 3 9 4.7 -0.6
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 30.3 17 -5 5.6 +0.3
FDLO Fidelity Low Volatility Factor ETF 30.1 29 -17 4.9 -0.4
JQUA JPMorgan U.S. Quality Factor ETF 30.0 12 0 5.1 -0.3
AFLG First Trust Active Factor Large Cap ETF 30.0 55 -43 4.7 -0.7
FEX First Trust Large Cap Core AlphaDEX Fund 30.0 60 -48 4.7 -0.7
VOO VANGUARD S&P 500 ETF 29.9 3 9 4.8 -0.5
VTV Vanguard Value Index Fund 29.9 4 8 6.6 +1.2
EQAL Invesco Russell 1000 Equal Weight ETF 29.8 20 -8 5.0 -0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 29.7 20 -8 4.8 -0.5
EPS WisdomTree U.S. Earnings 500 Fund 29.6 8 4 5.9 +0.6
DEF Invesco Defensive Equity ETF 29.6 55 -43 5.3 -0.0
ESGV Vanguard ESG U.S. Stock ETF 29.6 12 0 4.5 -0.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 29.6 7 5 4.5 -0.8
PBUS Invesco PureBeta MSCI USA ETF 29.5 4 8 4.6 -0.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 29.4 30 -18 5.0 -0.3
PFM Invesco Dividend Achievers ETF 29.4 53 -41 5.0 -0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 29.3 2 10 4.6 -0.7
SCHX Schwab U.S. Large-Cap ETF 29.3 3 9 4.6 -0.8
VV Vanguard Large-Cap Index Fund 29.3 4 8 4.6 -0.7
VYM Vanguard High Dividend Yield Index ETF 29.2 6 6 6.7 +1.3
SPTM SPDR Portfolio Total Stock Market ETF 29.1 3 9 4.8 -0.5
IWB iShares Russell 1000 ETF 29.0 15 -3 4.5 -0.9
RESP WisdomTree US ESG Fund of Benef Interest 29.0 28 -16 5.1 -0.3
SCHK Schwab 1000 Index ETF 29.0 5 7 4.6 -0.7
IWX iShares Russell Top 200 Value ETF 28.9 20 -8 6.1 +0.8
MGC Vanguard Mega Cap Index Fund 28.9 7 5 4.6 -0.7
TPLC Timothy Plan US Large Cap Core ETF 28.9 52 -40 4.4 -0.9
PRF Invesco FTSE RAFI US 1000 ETF 28.9 39 -27 5.8 +0.5
SPXE ProShares S&P 500 Ex-Energy ETF 28.9 27 -15 4.6 -0.7
DGRO iShares Core Dividend Growth ETF 28.7 8 4 6.0 +0.7
FTA First Trust Large Cap Value AlphaDEX Fund 28.7 60 -48 7.4 +2.0
IYY iShares Dow Jones U.S. ETF 28.7 20 -8 4.4 -0.9
SFY SoFi Select 500 ETF 28.6 0 12 4.6 -0.8
JCTR JPMorgan Carbon Transition U.S. Equity ETF 28.5 15 -3 4.7 -0.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 28.5 20 -8 6.2 +0.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 28.5 25 -13 5.8 +0.5
ESGU iShares MSCI USA ESG Optimized ETF 28.4 15 -3 4.4 -0.9
LGLV SPDR Russell 1000 Low Volatility ETF 28.4 12 0 5.2 -0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 28.4 30 -18 5.2 -0.1
VTHR Vanguard Russell 3000 Index Fund 28.3 10 2 4.4 -0.9
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 28.3 25 -13 5.9 +0.5
IWL iShares Russell Top 200 ETF 28.1 15 -3 4.4 -0.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 28.0 20 -8 4.6 -0.8
CATH Global X S&P 500 Catholic Values Custom ETF 27.7 29 -17 4.6 -0.8
BKLC BNY Mellon US Large Cap Core Equity ETF 27.6 0 12 4.5 -0.9
IWV iShares Russell 3000 ETF 27.5 20 -8 4.3 -1.0
EUSA iShares MSCI USA Equal Weighted ETF 27.5 15 -3 5.1 -0.2
DFAU Dimensional US Core Equity Market ETF 27.4 12 0 4.7 -0.7
ACWV iShares MSCI Global Min Vol Factor ETF 27.4 20 -8 5.5 +0.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 27.4 25 -13 5.7 +0.3
SCHB Schwab U.S. Broad Market ETF 27.3 3 9 4.5 -0.9
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 27.3 29 -17 6.0 +0.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 27.2 3 9 4.4 -0.9
SIZE iShares MSCI USA Size Factor ETF 27.2 15 -3 5.1 -0.2
VONE Vanguard Russell 1000 ETF 27.0 8 4 4.6 -0.8
VTI Vanguard Total Stock Market Index Fund 26.9 3 9 4.4 -0.9
IUS Invesco Strategic US ETF 26.8 19 -7 5.5 +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 U.S. Minimum Volatility 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 15.1 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 12 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
1.49
 
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.