JPMorgan U.S. Momentum Factor ETF
ALTAR
Score™
3.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
31.9x P/Sales
ratio
3.8x
P/BV
ratio
5.0x Div.
yield
1.3%


  • 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) $116
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 269
Wgt avg mkt cap (mns) $195,546
Large cap (>$10bn) 89.2%
Mid cap ($2-10bn) 10.5%
Small cap (<$2bn) 0.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AMAZON.COM INC 2.9 %
APPLE INC 2.5 %
MICROSOFT CORP 2.4 %
VISA INC-CLASS A SHARES 1.9 %
HOME DEPOT INC 1.8 %
NVIDIA CORP 1.8 %
TESLA MOTORS INC 1.7 %
MASTERCARD INC-CLASS A 1.7 %
ADOBE SYSTEMS INC 1.6 %
PROCTER & GAMBLE CO/THE 1.6 %
Total 20.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.6 %
BRITAIN 1.2 %
BERMUDA 0.7 %
IRELAND 0.4 %
CHINA 0.3 %
SWITZERLAND 0.3 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
2.4% 8.6% -- -- 9.1%

Market Correlations
versus... Beta R-squared
S&P500 0.99 94%
MSCI EAFE 0.98 79%
MSCI Emg. Mkts. 0.69 60%

Technical Indicators
Recent close $31.35
30d moving avg. $31.10
Annualized volatility 18.7%
Short interest (ETF) 1.9%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 27
Turnover 0.7%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $156,992

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™: 3.9%


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 44.0 19 -7 4.1 +0.3
VUG Vanguard Growth Index Fund 43.7 4 8 4.0 +0.1
JQUA JPMorgan U.S. Quality Factor ETF 43.5 12 0 5.3 +1.4
VONG Vanguard Russell 1000 Growth Index Fund 43.3 8 4 4.2 +0.4
SCHG Schwab U.S. Large-Cap Growth ETF 43.3 4 8 4.1 +0.2
IVW iShares S&P 500 Growth ETF 43.1 18 -6 4.2 +0.3
SPYG SPDR Portfolio S&P 500 Growth ETF 43.1 4 8 4.3 +0.4
VOOG Vanguard S&P 500 Growth ETF 42.8 10 2 4.2 +0.4
IUSG iShares Core S&P US Growth ETF 42.7 4 8 4.3 +0.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 42.2 9 3 5.6 +1.7
FDMO Fidelity Momentum Factor ETF 41.7 29 -17 3.8 -0.1
IQSU IQ Candriam ESG US Equity ETF 41.3 9 3 5.1 +1.2
FTC First Trust Large Cap Growth AlphaDEX Fund 41.1 61 -49 2.9 -0.9
QUS SPDR MSCI USA StrategicFactors ETF 40.8 15 -3 5.9 +2.0
ESGU iShares MSCI USA ESG Optimized ETF 40.7 15 -3 5.1 +1.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 40.4 12 0 4.9 +1.0
MGK Vanguard Mega Cap Growth ETF 40.4 7 5 4.1 +0.2
JHML John Hancock Multifactor Large Cap ETF 40.3 29 -17 5.6 +1.7
SCHX Schwab U.S. Large-Cap ETF 40.1 3 9 5.3 +1.4
PBUS Invesco PureBeta MSCI USA ETF 39.9 4 8 5.3 +1.4
SFY SoFi Select 500 ETF 39.8 0 12 5.2 +1.4
PBP Invesco S&P 500 BuyWrite ETF 39.7 49 -37 5.0 +1.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 39.6 75 -63 3.8 -0.1
IWY iShares Russell Top 200 Growth ETF 39.6 20 -8 4.1 +0.2
VONE Vanguard Russell 1000 ETF 39.6 8 4 5.3 +1.4
ESGV Vanguard ESG U.S. Stock ETF 39.6 12 0 5.2 +1.3
SCHK Schwab 1000 Index ETF 39.6 5 7 5.3 +1.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 39.5 2 10 5.3 +1.4
IWB iShares Russell 1000 ETF 39.5 15 -3 5.2 +1.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 39.5 7 5 5.2 +1.3
IYY iShares Dow Jones U.S. ETF 39.3 20 -8 5.2 +1.3
HSPX Global X S&P 500 Covered Call ETF 39.2 65 -53 4.9 +1.1
VV Vanguard Large-Cap Index Fund 39.1 4 8 5.3 +1.4
SPXN ProShares S&P 500 Ex-Financials ETF 39.1 27 -15 5.0 +1.1
SPY SPDR S&P 500 ETF Trust 39.0 9 3 5.4 +1.5
IVV iShares Core S&P 500 ETF 38.9 4 8 5.4 +1.5
SPLG SPDR Portfolio Large Cap ETF 38.9 3 9 5.4 +1.6
SPMO Invesco S&P 500 Momentum ETF 38.9 13 -1 4.4 +0.5
VOO VANGUARD S&P 500 ETF 38.6 3 9 5.4 +1.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 38.6 60 -48 4.4 +0.5
SPXE ProShares S&P 500 Ex-Energy ETF 38.5 27 -15 5.3 +1.4
BKLC BNY Mellon US Large Cap Core Equity ETF 38.5 0 12 5.2 +1.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 38.5 20 -8 5.4 +1.5
VEGN US Vegan Climate ETF 38.4 60 -48 5.2 +1.3
IWL iShares Russell Top 200 ETF 38.4 15 -3 5.0 +1.2
CATH Global X S&P 500 Catholic Values Custom ETF 38.2 29 -17 5.2 +1.4
SCHB Schwab U.S. Broad Market ETF 38.0 3 9 5.3 +1.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 37.9 3 9 5.2 +1.3
IWV iShares Russell 3000 ETF 37.9 20 -8 5.1 +1.2
VTHR Vanguard Russell 3000 Index Fund 37.9 10 2 5.1 +1.3
SPXV ProShares S&P 500 Ex-Health Care ETF 37.8 27 -15 5.0 +1.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 37.8 20 -8 5.0 +1.1
SPTM SPDR Portfolio Total Stock Market ETF 37.7 3 9 5.5 +1.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 37.7 29 -17 6.3 +2.4
VTI Vanguard Total Stock Market Index Fund 37.5 3 9 5.2 +1.3
MGC Vanguard Mega Cap Index Fund 37.4 7 5 5.2 +1.4
SNPE Xtrackers S&P 500 ESG ETF 37.4 11 1 5.1 +1.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 36.9 30 -18 6.6 +2.7
FDLO Fidelity Low Volatility Factor ETF 36.6 29 -17 5.2 +1.3
EXT WisdomTree U.S. Total Earnings Fund 36.5 28 -16 5.2 +1.4
ESG FlexShares STOXX US ESG Impact Index Fund 36.5 32 -20 5.1 +1.2
DSI iShares MSCI KLD 400 Social ETF 36.3 25 -13 5.1 +1.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 36.1 9 3 5.9 +2.1
MTUM iShares Edge MSCI USA Momentum Factor ETF 35.8 15 -3 4.1 +0.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 35.8 10 2 5.3 +1.4
SUSL iShares ESG MSCI USA Leaders ETF 35.8 10 2 5.3 +1.4
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 35.6 35 -23 5.4 +1.6
RPG Invesco S&P 500 Pure Growth ETF 35.2 35 -23 4.4 +0.6
VFMO Vanguard U.S. Momentum Factor ETF 34.9 13 -1 1.2 -2.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 34.9 66 -54 2.6 -1.3
HIPR Direxion High Growth ETF 34.7 40 -28 2.8 -1.1
PDP Invesco DWA Momentum ETF 34.7 62 -50 2.8 -1.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 34.6 35 -23 6.0 +2.1
USMV iShares Edge MSCI Min Vol USA ETF 34.5 15 -3 5.6 +1.7
TMFC Motley Fool 100 Index ETF 34.5 50 -38 3.7 -0.2
AFLG First Trust Active Factor Large Cap ETF 34.3 55 -43 5.6 +1.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 34.0 18 -6 6.3 +2.4
AVUS Avantis U.S. Equity ETF 33.7 15 -3 5.8 +1.9
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 33.2 49 -37 4.1 +0.2
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 33.1 49 -37 5.2 +1.4
FEX First Trust Large Cap Core AlphaDEX Fund 32.9 60 -48 6.1 +2.2
SCIU Global X Scientific Beta US ETF 32.6 19 -7 5.8 +2.0
IETC iShares Evolved U.S. Technology ETF 32.2 18 -6 3.8 -0.1
IGM iShares Expanded Tech Sector ETF 32.1 46 -34 3.8 -0.1
WOMN Impact Shares YWCA Women's Empowerment ETF 32.0 75 -63 4.5 +0.6
OEF iShares S&P 100 ETF 31.8 20 -8 4.8 +0.9
QGRO American Century STOXX U.S. Quality Growth ETF 31.7 29 -17 3.2 -0.7
FQAL Fidelity Quality Factor ETF 31.5 29 -17 5.5 +1.6
XLG Invesco S&P 500 Top 50 ETF 31.4 20 -8 4.4 +0.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 31.4 4 8 5.8 +2.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 31.3 25 -13 6.7 +2.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 31.3 17 -5 6.5 +2.6
IWR iShares Russell Midcap ETF 30.9 19 -7 5.7 +1.8
KRMA Global X Conscious Companies ETF 30.9 43 -31 5.2 +1.3
EUSA iShares MSCI USA Equal Weighted ETF 30.9 15 -3 6.3 +2.5
FLQL Franklin LibertyQ U.S. Equity ETF 30.9 15 -3 6.3 +2.5
KOKU Xtrackers MSCI Kokusai Equity ETF 30.8 9 3 5.7 +1.8
EPS WisdomTree U.S. Earnings 500 Fund 30.8 8 4 6.5 +2.6
TOK iShares MSCI Kokusai ETF 30.8 25 -13 5.6 +1.7
RNLC Large Cap US Equity Select ETF 30.7 60 -48 6.3 +2.4

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 18.6 %
Divided by: Fwd. P/BV 4.7 x
Less: Expense ratio 12 bp
Equals: ALTAR Score 3.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 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.