JPMorgan U.S. Momentum Factor ETF
ALTAR
Score™
4.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
30.8x P/Sales
ratio
3.8x
P/BV
ratio
5.5x Div.
yield
1.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
JMOM tracks an index of US large-cap companies with strong momentum, weighted by a proprietary method.

FUND BASICS
Category US Equities
Fund Sponsor JPMorgan
Website am.jpmorgan.com
Inception date Nov 08, 2017
Assets (mns) $137
Currency USD
Expense ratio 12 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 265
Wgt avg mkt cap (mns) $213,273
Large cap (>$10bn) 89.5%
Mid cap ($2-10bn) 10.1%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 2.3 %
TESLA MOTORS INC 2.3 %
AMAZON.COM INC 2.1 %
MICROSOFT CORP 1.9 %
NVIDIA CORP 1.8 %
HOME DEPOT INC 1.8 %
MASTERCARD INC-CLASS A 1.8 %
VISA INC-CLASS A SHARES 1.8 %
PROCTER & GAMBLE CO/THE 1.6 %
ADOBE SYSTEMS INC 1.5 %
Total 19.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.8 %
BRITAIN 1.0 %
IRELAND 0.8 %
BERMUDA 0.6 %
CHINA 0.3 %
SWITZERLAND 0.3 %
LUXEMBOURG 0.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
17.1% 22.3% -- -- 13.9%

Market Correlations
versus... Beta R-squared
S&P500 1.00 94%
MSCI EAFE 1.00 79%
MSCI Emg. Mkts. 0.70 61%

Technical Indicators
Recent close $33.72
30d moving avg. $34.27
Annualized volatility 18.8%
Short interest (ETF) 0.8%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 14
Turnover 0.4%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $9,860

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the JPMorgan U.S. Momentum Factor ETF ETF based on the alternatives' overlap in portfolio holdings with JMOM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JMOM Expense: 12 bp ALTAR Score™: 4.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JMOM
Ticker Fund
Name
Overlap1
vs JMOM
(%)
Expense
ratio
(bp)
Savings
vs JMOM
(bp)
ALTAR
Score™
(%)
ALTAR
vs JMOM
(%)
VUG Vanguard Growth Index Fund 45.0 4 8 5.7 +1.7
IWF iShares Russell 1000 Growth ETF 44.7 19 -7 5.7 +1.7
VONG Vanguard Russell 1000 Growth Index Fund 43.7 8 4 5.8 +1.8
VOOG Vanguard S&P 500 Growth ETF 43.2 10 2 5.9 +1.9
IVW iShares S&P 500 Growth ETF 42.4 18 -6 5.8 +1.8
IUSG iShares Core S&P US Growth ETF 42.2 4 8 5.9 +1.9
MGK Vanguard Mega Cap Growth ETF 42.0 7 5 6.2 +2.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 41.9 9 3 6.3 +2.3
SPYG SPDR Portfolio S&P 500 Growth ETF 41.9 4 8 6.0 +2.0
JQUA JPMorgan U.S. Quality Factor ETF 41.6 12 0 5.7 +1.7
ESGV Vanguard ESG U.S. Stock ETF 41.5 12 0 5.9 +2.0
FTC First Trust Large Cap Growth AlphaDEX Fund 41.0 61 -49 3.0 -1.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 40.0 30 -18 6.7 +2.7
SCHG Schwab U.S. Large-Cap Growth ETF 39.9 4 8 5.6 +1.6
SFY SoFi Select 500 ETF 39.7 0 12 5.7 +1.7
IQSU IQ Candriam ESG US Equity ETF 39.5 9 3 6.3 +2.3
QUS SPDR MSCI USA StrategicFactors ETF 39.3 15 -3 6.3 +2.3
PBUS Invesco PureBeta MSCI USA ETF 39.1 4 8 6.0 +2.1
ESGU iShares MSCI USA ESG Optimized ETF 38.9 15 -3 5.8 +1.8
IWB iShares Russell 1000 ETF 38.9 15 -3 5.8 +1.8
IWY iShares Russell Top 200 Growth ETF 38.9 20 -8 6.2 +2.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 38.8 12 0 6.3 +2.4
MTUM iShares Edge MSCI USA Momentum Factor ETF 38.8 15 -3 5.1 +1.1
SCHX Schwab U.S. Large-Cap ETF 38.6 3 9 6.0 +2.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 38.6 7 5 6.0 +2.0
SCHK Schwab 1000 Index ETF 38.5 5 7 5.9 +2.0
VEGN US Vegan Climate ETF 38.5 60 -48 5.8 +1.8
VONE Vanguard Russell 1000 ETF 38.5 8 4 5.8 +1.9
JHML John Hancock Multifactor Large Cap ETF 38.4 29 -17 6.0 +2.1
IYY iShares Dow Jones U.S. ETF 38.3 20 -8 5.8 +1.8
VV Vanguard Large-Cap Index Fund 38.0 4 8 5.9 +1.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 38.0 66 -54 2.5 -1.5
BKLC BNY Mellon US Large Cap Core Equity ETF 37.9 0 12 6.1 +2.1
IWL iShares Russell Top 200 ETF 37.9 15 -3 5.9 +1.9
VTHR Vanguard Russell 3000 Index Fund 37.7 10 2 5.7 +1.7
SPXN ProShares S&P 500 Ex-Financials ETF 37.7 27 -15 5.9 +1.9
FDMO Fidelity Momentum Factor ETF 37.5 29 -17 4.2 +0.2
PBP Invesco S&P 500 BuyWrite ETF 37.4 49 -37 5.6 +1.7
SPY SPDR S&P 500 ETF Trust 37.4 9 3 6.1 +2.1
IWV iShares Russell 3000 ETF 37.1 20 -8 5.6 +1.6
SCHB Schwab U.S. Broad Market ETF 37.0 3 9 5.8 +1.9
SPLG SPDR Portfolio Large Cap ETF 37.0 3 9 6.2 +2.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 37.0 3 9 5.8 +1.8
MGC Vanguard Mega Cap Index Fund 36.9 7 5 6.0 +2.0
VOO VANGUARD S&P 500 ETF 36.9 3 9 6.2 +2.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 36.9 60 -48 5.5 +1.5
IVV iShares Core S&P 500 ETF 36.8 3 9 6.2 +2.2
SPXE ProShares S&P 500 Ex-Energy ETF 36.7 27 -15 6.1 +2.1
HSPX Global X S&P 500 Covered Call ETF 36.7 60 -48 5.6 +1.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 36.7 20 -8 6.1 +2.2
CATH Global X S&P 500 Catholic Values Custom ETF 36.5 29 -17 6.0 +2.0
SPXV ProShares S&P 500 Ex-Health Care ETF 36.5 27 -15 5.9 +1.9
DSI iShares MSCI KLD 400 Social ETF 36.2 25 -13 5.1 +1.1
TMFC Motley Fool 100 Index ETF 36.1 50 -38 5.3 +1.3
SPTM SPDR Portfolio Total Stock Market ETF 36.1 3 9 6.2 +2.3
SPMO Invesco S&P 500 Momentum ETF 36.0 13 -1 6.0 +2.0
VTI Vanguard Total Stock Market Index Fund 35.9 3 9 5.7 +1.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 35.9 20 -8 5.7 +1.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 35.7 75 -63 4.2 +0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 35.7 2 10 6.0 +2.0
FLQL Franklin LibertyQ U.S. Equity ETF 35.7 15 -3 6.4 +2.4
SNPE Xtrackers S&P 500 ESG ETF 35.4 10 2 6.1 +2.1
VFMO Vanguard U.S. Momentum Factor ETF 35.4 13 -1 0.9 -3.1
SUSL iShares ESG MSCI USA Leaders ETF 35.3 10 2 5.3 +1.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 35.3 10 2 5.4 +1.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 35.3 29 -17 6.4 +2.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 35.2 9 3 6.1 +2.1
AFLG First Trust Active Factor Large Cap ETF 35.2 55 -43 6.4 +2.4
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 35.0 35 -23 5.6 +1.6
EXT WisdomTree U.S. Total Earnings Fund 34.9 28 -16 6.2 +2.2
PDP Invesco DWA Momentum ETF 34.9 62 -50 3.0 -1.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 34.6 35 -23 5.9 +1.9
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 34.5 49 -37 5.3 +1.3
RPG Invesco S&P 500 Pure Growth ETF 34.4 35 -23 4.7 +0.7
ESG FlexShares STOXX US ESG Impact Index Fund 34.4 32 -20 5.8 +1.8
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 34.2 35 -23 5.9 +1.9
FDLO Fidelity Low Volatility Factor ETF 33.5 29 -17 5.2 +1.3
FEX First Trust Large Cap Core AlphaDEX Fund 33.4 60 -48 6.1 +2.1
USMV iShares Edge MSCI Min Vol USA ETF 33.4 15 -3 5.6 +1.6
SIZE iShares Edge MSCI USA Size Factor ETF 33.3 15 -3 6.2 +2.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 33.3 18 -6 6.3 +2.4
SCIU Global X Scientific Beta US ETF 33.1 19 -7 5.7 +1.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 32.5 17 -5 6.5 +2.6
WOMN Impact Shares YWCA Women's Empowerment ETF 32.5 75 -63 5.2 +1.2
AVUS Avantis U.S. Equity ETF 32.3 15 -3 6.3 +2.3
RBUS Nationwide Risk-Based U.S. Equity ETF 32.1 30 -18 4.7 +0.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 32.1 49 -37 5.8 +1.8
IETC iShares Evolved U.S. Technology ETF 31.9 18 -6 6.0 +2.1
ROUS Hartford Multifactor US Equity ETF 31.6 19 -7 6.6 +2.6
ONEO SPDR Russell 1000 Momentum Focus ETF 31.5 20 -8 6.6 +2.6
FCTR First Trust Lunt U.S. Factor Rotation ETF 31.3 65 -53 3.2 -0.8
MMLG First Trust Multi-Manager Large Growth ETF 31.1 85 -73 2.6 -1.4
NULC Nuveen ESG Large-Cap ETF 31.1 20 -8 5.1 +1.1
ETHO Etho Climate Leadership U.S. ETF 31.0 47 -35 4.6 +0.6
EUSA iShares MSCI USA Equal Weighted ETF 30.9 15 -3 6.3 +2.3
FQAL Fidelity Quality Factor ETF 30.6 29 -17 6.3 +2.3
IWR iShares Russell Midcap ETF 30.5 19 -7 5.7 +1.7
JHMM John Hancock Multifactor Mid Cap ETF 30.4 42 -30 5.8 +1.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 30.4 4 8 5.6 +1.6
IGM iShares Expanded Tech Sector ETF 30.3 46 -34 5.4 +1.4

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. Momentum Factor ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 20.4 %
Divided by: Fwd. P/BV 5.0 x
Less: Expense ratio 12 bp
Equals: ALTAR Score 4.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 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.