JPMorgan Diversified Return International Equity ETF
ALTAR
Score™
7.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
18.7x P/Sales
ratio
0.9x
P/BV
ratio
1.2x Div.
yield
3.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
JPMorgan Diversified Return International Equity ETF is a U.S. registered ETF. The Fund seeks investment results that closely correspond to the performance of the FTSE Developed ex North America Diversified Factor Index.

FUND BASICS
Category International Equities
Fund Sponsor JP Morgan Investment Managemen
Website www.jpmorganetfs.com
Inception date Nov 05, 2014
Assets (mns) $919
Currency USD
Expense ratio 37 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian JPMorgan Chase Bank
Weighting Tiered
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 453
Wgt avg mkt cap (mns) $24,353
Large cap (>$10bn) 51.8%
Mid cap ($2-10bn) 43.1%
Small cap (<$2bn) 4.8%
Developed mkts 91.0%
Emerging mkts 9.0%

TOP TEN HOLDINGS
SAMSUNG ELECTRONICS CO LTD 0.5 %
KESKO OYJ-B SHS 0.5 %
CAPCOM CO LTD 0.4 %
CSL LIMITED 0.4 %
SWEDISH MATCH AB 0.4 %
XINYI GLASS HOLDINGS CO LTD 0.4 %
TOYOTA INDUSTRIES CORP 0.4 %
SONOVA HOLDING AG-REG 0.4 %
EXPERIAN PLC 0.4 %
NOMURA RESEARCH INSTITUTE 0.4 %
Total 4.4 %

TOP COUNTRY EXPOSURE
JAPAN 30.1 %
BRITAIN 18.0 %
AUSTRALIA 9.2 %
SOUTH KOREA 6.7 %
HONG KONG 4.3 %
SWEDEN 4.0 %
FRANCE 4.0 %
SINGAPORE 2.8 %
NETHERLANDS 2.5 %
GERMANY 2.4 %

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.
-6.2% 4.7% 3.9% -- 3.3%

Market Correlations
versus... Beta R-squared
S&P500 0.82 81%
MSCI EAFE 0.97 96%
MSCI Emg. Mkts. 0.70 81%

Technical Indicators
Recent close $51.92
30d moving avg. $52.58
Annualized volatility 15.8%
Short interest (ETF) 0.1%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 54
Turnover 0.3%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $12,731

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the JPMorgan Diversified Return International Equity ETF ETF based on the alternatives' overlap in portfolio holdings with JPIN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JPIN Expense: 37 bp ALTAR Score™: 7.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JPIN
Ticker Fund
Name
Overlap1
vs JPIN
(%)
Expense
ratio
(bp)
Savings
vs JPIN
(bp)
ALTAR
Score™
(%)
ALTAR
vs JPIN
(%)
PQIN PGIM QMA Strategic Alpha International Equity ETF 37.1 29 8 7.5 -0.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 37.0 24 13 6.9 -0.9
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 34.9 45 -8 6.6 -1.2
CIL VictoryShares International Volatility Weighted Index ETF 34.9 45 -8 6.6 -1.2
JHMD John Hancock Multifactor Developed International ETF 34.7 39 -2 7.3 -0.5
IDLB Invesco FTSE International Low Beta Equal Weight ETF 31.9 45 -8 7.0 -0.8
QEFA SPDR MSCI EAFE Quality Mix ETF 31.7 30 7 6.8 -1.0
HFXI IQ 50 Percent Hedged FTSE International ETF 31.7 20 17 7.4 -0.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 31.5 29 8 7.6 -0.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 30.9 7 30 7.4 -0.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 30.5 25 12 6.6 -1.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 30.4 39 -2 6.5 -1.3
TPIF Timothy Plan International ETF 30.1 62 -25 6.2 -1.6
DIM WisdomTree International MidCap Dividend Fund 30.0 58 -21 7.6 -0.3
GSID Goldman Sachs MarketBeta International Equity ETF 29.8 20 17 7.3 -0.5
EFA iShares MSCI EAFE ETF 29.6 32 5 7.0 -0.8
FNDF Schwab Fundamental International Large Co. Index ETF 29.4 25 12 8.8 +1.0
DWM WisdomTree International Equity Fund 29.2 48 -11 8.3 +0.5
ISZE iShares Edge MSCI Intl Size Factor ETF 29.2 30 7 7.1 -0.7
SCID Global X Scientific Beta Europe ETF 29.2 39 -2 6.5 -1.3
ESGD iShares MSCI EAFE ESG Optimized ETF 29.2 20 17 6.9 -0.9
SCHF Schwab International Equity ETF 29.0 6 31 7.3 -0.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 28.9 35 2 6.8 -1.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 28.5 45 -8 8.9 +1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 28.2 35 2 8.6 +0.8
IEFA iShares Core MSCI EAFE ETF 27.9 7 30 7.2 -0.6
RBIN Nationwide Risk-Based International Equity ETF 27.7 42 -5 6.0 -1.8
SPDW SPDR Portfolio Developed World ex-US ETF 27.1 4 33 7.1 -0.7
ISDX Invesco Strategic Developed ex-US ETF 26.8 23 14 7.4 -0.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 26.8 20 17 7.0 -0.8
PDEV Principal International Multi-Factor Core Index ETF 26.8 25 12 7.9 +0.1
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 26.6 30 7 0.0 -7.8
IDY Pacific Global International Equity Income ETF 26.4 39 -2 8.0 +0.2
VEA Vanguard FTSE Developed Markets ETF 26.4 5 32 7.3 -0.5
IQSI IQ Candriam ESG International Equity ETF 26.2 15 22 7.3 -0.5
IQIN IQ 500 International ETF 26.1 25 12 8.7 +0.8
IDEV iShares Core MSCI International Developed Markets ETF 26.0 5 32 7.2 -0.7
BKIE BNY Mellon International Equity ETF 25.9 4 33 7.3 -0.5
DWMF WisdomTree International Multifactor Fund 25.9 38 -1 6.2 -1.7
EFV iShares MSCI EAFE Value ETF 25.1 39 -2 9.7 +1.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 25.0 25 12 6.4 -1.4
EFAV iShares Edge MSCI Min Vol EAFE ETF 24.7 20 17 5.4 -2.4
RNDM Developed International Equity Select ETF 24.7 65 -28 6.3 -1.6
IDLV Invesco S&P International Developed Low Volatility ETF 24.4 25 12 6.6 -1.3
QINT American Century Quality Diversified International ETF 24.1 39 -2 6.0 -1.8
UIVM VictoryShares USAA MSCI International Value Momentum ETF 24.0 35 2 8.5 +0.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 23.9 14 23 6.8 -1.0
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 23.9 35 2 6.9 -0.9
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 23.8 30 7 0.0 -7.8
VPL Vanguard FTSE Pacific ETF 23.4 8 29 7.4 -0.4
FLEE Franklin FTSE Europe ETF 23.3 9 28 7.0 -0.8
ACWX iShares MSCI ACWI ex U.S. ETF 23.3 32 5 7.3 -0.6
FDEV Fidelity Targeted International Factor ETF 23.1 39 -2 6.4 -1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 23.0 40 -3 7.1 -0.8
VEU Vanguard FTSE All-World ex-US Index Fund 22.9 8 29 7.6 -0.3
FLEH Franklin FTSE Europe Hedged ETF 22.9 9 28 7.2 -0.6
BBEU JPMorgan BetaBuilders Europe ETF 22.9 9 28 7.4 -0.5
IPAC iShares Core MSCI Pacific ETF 22.7 9 28 7.0 -0.8
CWI SPDR MSCI ACWI ex-US ETF 22.6 30 7 7.2 -0.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 22.4 45 -8 6.6 -1.2
VGFO Virtus WMC Global Factor Opportunities ETF 22.3 49 -12 8.0 +0.2
IEUR iShares Core MSCI Europe ETF 22.3 9 28 7.2 -0.6
IQLT iShares Edge MSCI Intl Quality Factor ETF 22.2 30 7 5.9 -1.9
IEV iShares Europe ETF 22.2 59 -22 6.8 -1.0
VGK Vanguard FTSE Europe ETF 22.1 8 29 7.4 -0.4
IXUS ishares Core MSCI Total International Stock ETF 21.7 9 28 7.4 -0.4
FEU SPDR Portfolio Europe ETF 21.6 9 28 7.3 -0.5
DOL WisdomTree International LargeCap Dividend Fund 21.5 48 -11 8.7 +0.9
DTH WisdomTree DEFA Equity Income Fund 21.4 58 -21 9.9 +2.1
EFG iShares MSCI EAFE Growth ETF 20.9 40 -3 4.4 -3.4
EWJE iShares MSCI Japan Equal Weighted ETF 20.9 15 22 7.0 -0.8
VXUS Vanguard Total International Stock Index Fund 20.8 8 29 7.5 -0.3
FDT First Trust Developed Markets ex-US Alphadex Fund 20.4 80 -43 7.3 -0.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 20.2 32 5 5.9 -1.9
AVDE Avantis International Equity ETF 20.1 23 14 7.6 -0.2
VYMI Vanguard International High Dividend Yield ETF 20.1 27 10 10.3 +2.5
SCIJ Global X Scientific Beta Japan ETF 19.9 40 -3 6.8 -1.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 19.6 39 -2 8.3 +0.5
INTF iShares Edge MSCI Multifactor Intl ETF 19.6 30 7 7.7 -0.1
OEUR O'shares FTSE Europe Quality Dividend ETF 19.4 48 -11 6.7 -1.1
IVLU iShares Edge MSCI Intl Value Factor ETF 19.2 30 7 11.5 +3.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 19.1 30 7 4.3 -3.5
VSGX Vanguard ESG International Stock ETF 19.1 17 20 7.1 -0.7
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 18.7 16 21 6.9 -0.9
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 18.7 25 12 7.0 -0.8
IDHQ Invesco S&P International Developed Quality ETF 18.6 29 8 5.0 -2.9
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 18.5 30 7 0.0 -7.8
FLJP Franklin FTSE Japan ETF 18.4 9 28 7.3 -0.5
LVIN Hartford Multifactor Low Volatility International Equity ETF 18.3 29 8 11.4 +3.6
FLJH Franklin FTSE Japan Hedged ETF 18.2 9 28 7.3 -0.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 18.0 80 -43 6.5 -1.3
FLGB Franklin FTSE United Kingdom ETF 17.8 9 28 8.0 +0.2
BBJP JPMorgan BetaBuilders Japan ETF 17.6 19 18 7.2 -0.6
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 17.4 9 28 7.4 -0.4
JPXN iShares JPX-Nikkei 400 ETF 17.4 48 -11 6.9 -0.9
EWJ iShares MSCI Japan ETF 17.3 49 -12 6.9 -1.0
QJPN SPDR MSCI Japan StrategicFactors ETF 17.1 14 23 7.3 -0.5
DBJP Xtrackers MSCI Japan Hedged Equity ETF 17.1 45 -8 6.9 -0.9

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 Diversified Return International Equity 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 9.2 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 37 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.57
 
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.