JADE
JPMorgan Active Developing Markets Equity ETF
The JPMorgan Active Developing Markets Equity ETF seeks to provide long-term capital appreciation by investing primarily in equity securities of companies located in emerging markets.
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
19.1 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | JPMorgan |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | May 16, 2024 |
| Assets (mns) | $19 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 11.3 % |
| TENCENT HOLDINGS LTD | 5.9 % |
| HYNIX SEMICONDUCTOR INC | 3.4 % |
| SAMSUNG ELECTRONICS CO LTD | 3.2 % |
| CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD | 1.9 % |
| MIDEA GROUP CO. LTD. CLASS A | 1.7 % |
| FUYAO GLASS INDUSTRY GROUP CO., LTD. CLA | 1.6 % |
| NETEASE, INC | 1.5 % |
| NATIONAL BANK OF GREECE S.A. | 1.4 % |
| ALIBABA GROUP HOLDING LTD. | 1.4 % |
Constituent Breakdown
| Number of holdings | 146 |
| Herfindahl-Hirschman Index | 245 |
| Wgt avg mkt cap (mns) | $243,488 |
| Large cap (>$10bn) | 89.3% |
| Mid cap ($2-10bn) | 5.4% |
| Small cap (<$2bn) | 0.3% |
| Developed mkts. | 0.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
CHINA | 26.6 % |
 |
TAIWAN | 17.4 % |
 |
SOUTH KOREA | 13.7 % |
 |
INDIA | 8.1 % |
 |
BRAZIL | 5.9 % |
 |
HONG KONG | 2.9 % |
 |
MEXICO | 2.8 % |
 |
INDONESIA | 2.8 % |
 |
SOUTH AFRICA | 2.8 % |
 |
SAUDI ARABIA | 2.2 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 34.9% | 32.0% | -- | -- | -- | -- | -- | 18.6% |
| Dividend Yield | 0.0% | 1.9% | -- | -- | -- | -- | -- | 1.1% |
| Total Returns | 34.9% | 33.9% | -- | -- | -- | -- | -- | 19.7% | Ann. Volatility | 18.5% | 18.2% | -- | -- | -- | -- | -- | 17.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.71 | 59% |
| MSCI EAFE | 0.86 | 62% |
| MSCI Emg Mkts | 1.00 | 96% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.36% |
Technical Indicators
| 30d moving avg. (EMA) | $62.36 |
| Relative strength (RSI) | 58 |
| MACD/Signal | 0.20/0.15 |
| Bollinger Bands (Upper/Lower) | $64.19/$60.97 |
| Short interest (% of AUM) | 5.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. JADE |
Expenses vs. JADE |
ALTAR Score™ vs. JADE |
|---|---|---|---|---|
| JEMA | JPMorgan ActiveBuilders Emerging Markets Equity ETF | 56.5% | -32 bp | +9.3% |
| MEM | Matthews Emerging Markets Equity Active ETF | 41.1% | +14 bp | +7.2% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 40.3% | -50 bp | +7.6% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 39.8% | +1 bp | +8.9% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 38.4% | -35 bp | +9.5% |
| XSOE | WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | 38.4% | -33 bp | +8.4% |
| EEM | iShares MSCI Emerging Markets ETF | 38.0% | +4 bp | +9.4% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 37.8% | -29 bp | +9.3% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 37.7% | -54 bp | +9.5% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 37.2% | -50 bp | +9.7% |
Risk and Returns: JADE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/11/2025
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
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™
JADE
7.6%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 129 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
2.7%. JADE's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places JADE in the 48th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
JADESELL
U/W
HOLD
O/W
BUY