JPMorgan U.S. Momentum Factor ETF
ALTAR
Score™
3.3% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
37.1x P/Sales
ratio
4.4x
P/BV
ratio
6.6x Div.
yield
0.9%


  • 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) $152
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 270
Wgt avg mkt cap (mns) $194,835
Large cap (>$10bn) 90.7%
Mid cap ($2-10bn) 8.2%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NVIDIA CORP 1.8 %
MICROSOFT CORP 1.8 %
VISA INC-CLASS A SHARES 1.8 %
APPLE INC 1.8 %
AMAZON.COM INC 1.8 %
HOME DEPOT INC 1.7 %
MASTERCARD INC-CLASS A 1.7 %
TESLA MOTORS INC 1.7 %
PROCTER & GAMBLE CO/THE 1.5 %
PAYPAL HOLDINGS INC 1.5 %
Total 17.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.3 %
BRITAIN 1.1 %
BERMUDA 0.6 %
IRELAND 0.5 %
LUXEMBOURG 0.4 %
CHINA 0.3 %
SWITZERLAND 0.3 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
24.2% 26.4% -- -- 14.9%

Market Correlations
versus... Beta R-squared
S&P500 0.99 94%
MSCI EAFE 0.92 79%
MSCI Emg. Mkts. 0.72 62%

Technical Indicators
Recent close $37.44
30d moving avg. $36.06
Annualized volatility 19.1%
Short interest (ETF) 1.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 24
Turnover 0.6%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $155,048

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 3.3%


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
(%)
IWF iShares Russell 1000 Growth ETF 44.7 19 -7 3.7 +0.4
ESGV Vanguard ESG U.S. Stock ETF 44.7 12 0 4.7 +1.4
VUG Vanguard Growth Index Fund 44.4 4 8 3.7 +0.4
JQUA JPMorgan U.S. Quality Factor ETF 44.1 12 0 5.2 +1.9
VONG Vanguard Russell 1000 Growth Index Fund 43.8 8 4 3.8 +0.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 42.9 9 3 5.0 +1.8
FTC First Trust Large Cap Growth AlphaDEX Fund 42.8 61 -49 2.5 -0.8
SCHG Schwab U.S. Large-Cap Growth ETF 42.7 4 8 3.4 +0.1
VOOG Vanguard S&P 500 Growth ETF 42.1 10 2 4.1 +0.8
IVW iShares S&P 500 Growth ETF 40.9 18 -6 4.0 +0.8
SPYG SPDR Portfolio S&P 500 Growth ETF 40.9 4 8 4.2 +0.9
IUSG iShares Core S&P US Growth ETF 40.7 4 8 4.2 +0.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 40.4 30 -18 5.5 +2.2
MGK Vanguard Mega Cap Growth ETF 40.3 7 5 3.8 +0.6
USXF iShares ESG Advanced MSCI USA ETF 39.9 10 2 4.7 +1.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 39.7 12 0 4.2 +0.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 39.6 75 -63 2.7 -0.6
MTUM iShares MSCI USA Momentum Factor ETF 39.1 15 -3 3.0 -0.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 38.7 29 -17 5.3 +2.0
IQSU IQ Candriam ESG US Equity ETF 38.5 9 3 4.8 +1.5
SFY SoFi Select 500 ETF 38.4 0 12 4.8 +1.5
FDMO Fidelity Momentum Factor ETF 38.4 29 -17 2.7 -0.6
ESGU iShares MSCI USA ESG Optimized ETF 38.3 15 -3 4.7 +1.4
SCHX Schwab U.S. Large-Cap ETF 38.2 3 9 4.8 +1.5
PBUS Invesco PureBeta MSCI USA ETF 38.0 4 8 4.9 +1.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 37.9 60 -48 3.8 +0.5
IWB iShares Russell 1000 ETF 37.9 15 -3 4.7 +1.4
JHML John Hancock Multifactor Large Cap ETF 37.9 29 -17 5.1 +1.8
IWY iShares Russell Top 200 Growth ETF 37.8 20 -8 3.8 +0.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 37.7 7 5 4.8 +1.5
SCHK Schwab 1000 Index ETF 37.7 5 7 4.8 +1.5
IYY iShares Dow Jones U.S. ETF 37.5 20 -8 4.7 +1.4
VEGN US Vegan Climate ETF 37.5 60 -48 4.7 +1.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 37.2 2 10 4.9 +1.6
QUS SPDR MSCI USA StrategicFactors ETF 37.1 15 -3 5.5 +2.2
VV Vanguard Large-Cap Index Fund 37.0 4 8 4.8 +1.5
VTHR Vanguard Russell 3000 Index Fund 36.8 10 2 4.7 +1.4
PBP Invesco S&P 500 BuyWrite ETF 36.6 49 -37 4.6 +1.3
DSI iShares MSCI KLD 400 Social ETF 36.6 25 -13 4.8 +1.5
HSPX Global X S&P 500 Covered Call ETF 36.5 60 -48 4.5 +1.2
IWL iShares Russell Top 200 ETF 36.4 15 -3 4.6 +1.3
FLQL Franklin LibertyQ U.S. Equity ETF 36.3 15 -3 5.9 +2.7
SPXN ProShares S&P 500 Ex-Financials ETF 36.1 27 -15 4.7 +1.4
MGC Vanguard Mega Cap Index Fund 36.1 7 5 4.8 +1.5
SPMO Invesco S&P 500 Momentum ETF 36.1 13 -1 4.0 +0.7
AFLG First Trust Active Factor Large Cap ETF 36.1 55 -43 5.0 +1.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 36.0 9 3 5.3 +2.0
IWV iShares Russell 3000 ETF 35.9 20 -8 4.6 +1.3
BKLC BNY Mellon US Large Cap Core Equity ETF 35.9 0 12 4.8 +1.5
SCHB Schwab U.S. Broad Market ETF 35.9 3 9 4.7 +1.5
XYLG Global X S&P 500 Covered Call & Growth ETF 35.8 60 -48 4.7 +1.4
CATH Global X S&P 500 Catholic Values Custom ETF 35.8 29 -17 4.8 +1.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 35.8 10 2 5.1 +1.8
TMFC Motley Fool 100 Index ETF 35.8 50 -38 3.2 -0.1
SUSL iShares ESG MSCI USA Leaders ETF 35.8 10 2 5.0 +1.7
SPY SPDR S&P 500 ETF Trust 35.7 9 3 5.0 +1.7
IVV iShares Core S&P 500 ETF 35.7 3 9 5.0 +1.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 35.7 3 9 4.7 +1.4
SPLG SPDR Portfolio Large Cap ETF 35.7 3 9 5.1 +1.8
EXT WisdomTree U.S. Total Earnings Fund 35.7 28 -16 5.3 +2.0
RPG Invesco S&P 500 Pure Growth ETF 35.4 35 -23 4.2 +0.9
VOO VANGUARD S&P 500 ETF 35.3 3 9 5.0 +1.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 35.2 20 -8 5.0 +1.7
PDP Invesco DWA Momentum ETF 35.2 62 -50 2.0 -1.3
SPXE ProShares S&P 500 Ex-Energy ETF 35.1 27 -15 4.9 +1.7
VONE Vanguard Russell 1000 ETF 35.0 8 4 4.8 +1.5
FEX First Trust Large Cap Core AlphaDEX Fund 35.0 60 -48 5.1 +1.8
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 34.9 35 -23 5.3 +2.1
VTI Vanguard Total Stock Market Index Fund 34.9 3 9 4.7 +1.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 34.8 20 -8 4.6 +1.3
CFA VictoryShares US 500 Volatility Weighted Index ETF 34.8 35 -23 5.3 +2.1
EFIV SPDR S&P 500 ESG ETF 34.5 10 2 4.8 +1.5
SNPE Xtrackers S&P 500 ESG ETF 34.5 10 2 4.8 +1.5
FCTR First Trust Lunt U.S. Factor Rotation ETF 34.5 65 -53 1.8 -1.5
SPTM SPDR Portfolio Total Stock Market ETF 34.4 3 9 5.1 +1.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 34.4 66 -54 2.1 -1.2
SPXV ProShares S&P 500 Ex-Health Care ETF 34.3 27 -15 4.6 +1.3
ESG FlexShares STOXX US ESG Impact Index Fund 34.2 32 -20 4.8 +1.5
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 34.2 35 -23 5.2 +1.9
RBUS Nationwide Risk-Based U.S. Equity ETF 34.1 30 -18 4.8 +1.5
DFAU Dimensional US Core Equity Market ETF 33.8 12 0 5.0 +1.7
QGRO American Century STOXX U.S. Quality Growth ETF 33.6 29 -17 3.2 -0.1
VFMO Vanguard U.S. Momentum Factor ETF 33.3 13 -1 0.9 -2.4
IETC iShares Evolved U.S. Technology ETF 33.1 18 -6 3.6 +0.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 32.8 17 -5 6.1 +2.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 32.7 4 8 4.9 +1.6
ONEO SPDR Russell 1000 Momentum Focus ETF 32.7 20 -8 6.0 +2.7
IGM iShares Expanded Tech Sector ETF 32.6 46 -34 3.6 +0.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 32.4 49 -37 3.9 +0.6
NULC Nuveen ESG Large-Cap ETF 32.2 20 -8 4.7 +1.4
IWR iShares Russell Midcap ETF 32.2 19 -7 5.1 +1.8
KRMA Global X Conscious Companies ETF 31.8 43 -31 5.1 +1.8
TPLC Timothy Plan US Large Cap Core ETF 31.8 52 -40 4.8 +1.5
WOMN Impact Shares YWCA Women's Empowerment ETF 31.8 75 -63 3.9 +0.6
ROUS Hartford Multifactor US Equity ETF 31.7 19 -7 6.2 +2.9
FDLO Fidelity Low Volatility Factor ETF 31.7 29 -17 5.0 +1.7
STLC iShares Factors US Blend Style ETF 31.6 25 -13 5.3 +2.0
AVUS Avantis U.S. Equity ETF 31.6 15 -3 5.2 +1.9
JPUS JPMorgan Diversified Return U.S. Equity ETF 31.2 18 -6 5.8 +2.6

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 19.6 %
Divided by: Fwd. P/BV 5.7 x
Less: Expense ratio 12 bp
Equals: ALTAR Score 3.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 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.