JPMorgan Diversified Return U.S. Mid Cap Equity ETF
ALTAR
Score™
5.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.6x P/Sales
ratio
1.8x
P/BV
ratio
2.6x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The JPMorgan Diversified Return U.S. Mid Cap Equity ETF track an index of midcap US stocks selected using relative value, momentum and quality factors, and weighted inversely by volatility by sectors and within each sector.

FUND BASICS
Category US Equities
Fund Sponsor JPMorgan
Website am.jpmorgan.com
Inception date May 11, 2016
Assets (mns) $250
Currency USD
Expense ratio 24 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 412
Wgt avg mkt cap (mns) $13,912
Large cap (>$10bn) 59.4%
Mid cap ($2-10bn) 38.8%
Small cap (<$2bn) 1.2%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
ENPHASE ENERGY INC 0.7 %
TERADYNE INC 0.5 %
SOLAREDGE TECHNOLOGIES, INC. 0.5 %
INTERNATIONAL PAPER CO 0.5 %
KLA-TENCOR CORPORATION 0.5 %
IDEXX LABORATORIES INC 0.5 %
WILLIAMS-SONOMA INC 0.5 %
NUANCE COMMUNICATIONS INC 0.5 %
QORVO INC 0.4 %
EASTMAN CHEMICAL COMPANY 0.4 %
Total 4.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.8 %
IRELAND 1.9 %
BRITAIN 0.9 %
BERMUDA 0.6 %
SWITZERLAND 0.4 %
CHINA 0.4 %
PANAMA 0.3 %
NETHERLANDS 0.3 %
PUERTO RICO 0.2 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.2% -1.8% -- -- 7.2%

Market Correlations
versus... Beta R-squared
S&P500 1.08 90%
MSCI EAFE 1.13 81%
MSCI Emg. Mkts. 0.85 71%

Technical Indicators
Recent close $73.39
30d moving avg. $68.70
Annualized volatility 20.3%
Short interest (ETF) 0.6%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 14
Turnover 0.4%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $35,293

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the JPMorgan Diversified Return U.S. Mid Cap Equity ETF ETF based on the alternatives' overlap in portfolio holdings with JPME. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JPME Expense: 24 bp ALTAR Score™: 5.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JPME
Ticker Fund
Name
Overlap1
vs JPME
(%)
Expense
ratio
(bp)
Savings
vs JPME
(bp)
ALTAR
Score™
(%)
ALTAR
vs JPME
(%)
JPUS JPMorgan Diversified Return U.S. Equity ETF 55.1 18 6 5.7 +0.2
ONEV SPDR Russell 1000 Low Volatility Focus ETF 51.9 20 4 6.3 +0.8
JHMM John Hancock Multifactor Mid Cap ETF 51.8 42 -18 5.0 -0.5
IWR iShares Russell Midcap ETF 50.9 19 5 5.0 -0.6
IWS iShares Russell Mid-Cap Value ETF 48.7 24 0 6.1 +0.6
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 48.2 17 7 5.9 +0.4
ONEO SPDR Russell 1000 Momentum Focus ETF 47.4 20 4 5.9 +0.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 46.9 4 20 4.8 -0.7
TPLC Timothy Plan US Large Cap Core ETF 45.0 52 -28 4.6 -0.9
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 42.7 29 -5 6.1 +0.6
EQAL Invesco Russell 1000 Equal Weight ETF 41.0 20 4 5.2 -0.3
CFA VictoryShares US 500 Volatility Weighted Index ETF 40.9 35 -11 5.3 -0.2
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 40.9 35 -11 5.3 -0.2
VO Vanguard Mid-Cap Index Fund 40.9 4 20 4.7 -0.8
STMB iShares Factors US Mid Blend Style ETF 37.5 30 -6 5.2 -0.4
SCHM Schwab U.S. Mid-Cap ETF 37.3 4 20 5.3 -0.2
RVRS Reverse Cap Weighted U.S. Large Cap ETF 35.8 29 -5 6.4 +0.9
RSP Invesco S&P 500 Equal Weight ETF 35.8 20 4 5.8 +0.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 35.2 35 -11 5.1 -0.4
SIZE iShares MSCI USA Size Factor ETF 35.1 15 9 5.4 -0.1
EUSA iShares MSCI USA Equal Weighted ETF 34.9 15 9 5.5 -0.0
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 34.3 30 -6 5.2 -0.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 33.9 9 15 5.4 -0.1
DON WisdomTree U.S. MidCap Dividend Fund 33.4 38 -14 6.7 +1.2
JMIN JPMorgan U.S. Minimum Volatility ETF 32.6 12 12 5.2 -0.3
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 31.9 29 -5 7.7 +2.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 31.8 17 7 6.2 +0.7
ONEY SPDR Russell 1000 Yield Focus ETF 31.3 20 4 7.5 +1.9
VOE Vanguard Mid-Cap Value Index Fund 31.0 7 17 6.7 +1.2
FEX First Trust Large Cap Core AlphaDEX Fund 30.9 60 -36 5.0 -0.6
RBUS Nationwide Risk-Based U.S. Equity ETF 29.1 30 -6 4.7 -0.8
ROUS Hartford Multifactor US Equity ETF 29.0 19 5 6.1 +0.6
IWP iShares Russell Mid-Cap Growth ETF 28.9 24 0 2.8 -2.7
JVAL JPMorgan U.S. Value Factor ETF 28.8 12 12 7.4 +1.9
JDIV JPMorgan U.S. Dividend ETF 27.8 12 12 6.8 +1.3
RNLC Large Cap US Equity Select ETF 27.8 60 -36 5.5 -0.1
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 27.8 20 4 7.7 +2.2
FAB First Trust Multi Cap Value AlphaDEX Fund 27.5 71 -47 8.1 +2.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 27.4 7 17 4.6 -0.9
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 26.5 60 -36 5.7 +0.2
TUSA First Trust Total US Market AlphaDEX ETF 26.0 70 -46 5.3 -0.2
AFMC First Trust Active Factor Mid Cap ETF 26.0 65 -41 5.8 +0.2
RNMC Mid Cap US Equity Select ETF 25.7 60 -36 6.3 +0.7
JMOM JPMorgan U.S. Momentum Factor ETF 25.7 12 12 3.3 -2.3
BFOR Barron's 400 ETF 25.3 65 -41 6.0 +0.5
JKG iShares Morningstar Mid-Cap ETF 25.3 25 -1 4.9 -0.7
JHML John Hancock Multifactor Large Cap ETF 25.2 29 -5 5.0 -0.5
SMMD iShares Russell 2500 ETF 25.0 15 9 5.1 -0.4
MDY SPDR S&P Midcap 400 ETF Trust 25.0 23 1 5.6 +0.1
IJH iShares Core S&P Mid-Cap ETF 25.0 5 19 5.8 +0.3
SPMD SPDR Portfolio Mid Cap ETF 25.0 5 19 5.8 +0.3
IVOO Vanguard S&P Mid-Cap 400 ETF 24.9 10 14 5.8 +0.2
FSMD Fidelity Small-Mid Factor ETF 24.6 29 -5 5.7 +0.1
SFYX Sofi Next 500 ETF 24.5 0 24 5.3 -0.3
EZM WisdomTree U.S. MidCap Earnings Fund 24.5 38 -14 7.5 +2.0
LRGF iShares Edge MSCI Multifactor USA ETF 24.5 20 4 6.7 +1.2
VB Vanguard Small-Cap ETF 24.2 5 19 4.8 -0.7
USMF WisdomTree U.S. Multifactor Fund 23.8 28 -4 5.6 +0.0
JQUA JPMorgan U.S. Quality Factor ETF 23.7 12 12 5.1 -0.4
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 23.7 15 9 6.2 +0.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 23.6 30 -6 6.1 +0.5
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 23.3 20 4 7.0 +1.5
AFLG First Trust Active Factor Large Cap ETF 23.2 55 -31 4.9 -0.7
FNX First Trust Mid Cap Core AlphaDEX Fund 23.2 61 -37 5.7 +0.2
VBR Vanguard Small Cap Value Index Fund 22.9 7 17 7.0 +1.5
ETHO Etho Climate Leadership U.S. ETF 22.7 47 -23 4.0 -1.5
ACWF iShares FactorSelect MSCI Global ETF 22.5 35 -11 7.4 +1.9
JKI iShares Morningstar Mid-Cap Value ETF 22.1 30 -6 7.6 +2.1
FLQL Franklin LibertyQ U.S. Equity ETF 22.0 15 9 5.8 +0.3
REVS Columbia Research Enhanced Value ETF 21.9 19 5 7.1 +1.5
EWMC Invesco S&P MidCap 400 Equal Weight ETF 21.9 40 -16 6.1 +0.6
JKH iShares Morningstar Mid-Cap Growth ETF 21.6 30 -6 1.9 -3.6
VALQ American Century STOXX U.S. Quality Value ETF 21.5 29 -5 7.7 +2.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 21.1 9 15 5.2 -0.3
EXT WisdomTree U.S. Total Earnings Fund 20.9 28 -4 5.2 -0.4
VONV Vanguard Russell 1000 Value Index Fund 20.8 8 16 6.3 +0.8
AVUS Avantis U.S. Equity ETF 20.6 15 9 5.1 -0.4
SMDY Syntax Stratified MidCap ETF 20.5 30 -6 5.8 +0.3
IWD iShares Russell 1000 Value ETF 20.4 19 5 6.2 +0.7
FTA First Trust Large Cap Value AlphaDEX Fund 20.2 60 -36 7.5 +2.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 20.2 29 -5 5.2 -0.4
VOT Vanguard Mid-Cap Growth Index Fund 19.8 7 17 2.9 -2.6
BLES Inspire Global Hope Large Cap ETF 19.8 52 -28 5.7 +0.2
SCHV Schwab U.S. Large-Cap Value ETF 19.3 4 20 6.2 +0.7
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 19.2 25 -1 7.0 +1.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 19.0 66 -42 2.0 -3.5
FNK First Trust Mid Cap Value AlphaDEX Fund 19.0 70 -46 8.5 +2.9
KLCD KFA Large Cap Quality Dividend Index ETF 18.9 42 -18 5.2 -0.4
VFMF Vanguard U.S. Multifactor ETF 18.8 19 5 6.5 +1.0
TPHD Timothy Plan High Dividend Stock ETF 18.7 52 -28 5.6 +0.1
PBSM Invesco PureBeta MSCI USA Small Cap ETF 18.7 6 18 4.4 -1.1
VUSE Vident Core US Equity Fund 18.5 48 -24 7.9 +2.4
PSET Principal Price Setters Index ETF 18.5 15 9 4.6 -0.9
FTC First Trust Large Cap Growth AlphaDEX Fund 18.3 61 -37 2.4 -3.1
MDYG SPDR S&P 400 Mid Cap Growth ETF 18.2 15 9 4.6 -0.9
IJK iShares S&P Mid-Cap 400 Growth ETF 18.2 24 0 4.5 -1.0
VFQY Vanguard U.S. Quality Factor ETF 18.1 13 11 5.8 +0.3
RWK Invesco S&P MidCap 400 Revenue ETF 18.0 39 -15 6.7 +1.1
CZA Invesco Zacks Mid-Cap ETF 17.9 69 -45 5.7 +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 Diversified Return U.S. Mid Cap 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 13.6 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 24 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 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.