JMOM
JPMorgan U.S. Momentum Factor ETF
JMOM tracks an index of US large-cap companies with strong momentum, weighted by a proprietary method.
Fund Basics
| Fund sponsor | JPMorgan |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 08, 2017 |
| Assets (mns) | $339 |
| Expense ratio | 12 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Momentum |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| META PLATFORMS INC | 2.3 % |
| MICROSOFT CORP | 2.2 % |
| ELI LILLY & CO | 2.1 % |
| NVIDIA CORP | 2.0 % |
| APPLE INC | 2.0 % |
| BROADCOM INC. | 1.9 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.9 % |
| UNITEDHEALTH GROUP INC | 1.6 % |
| HOME DEPOT INC | 1.5 % |
| ADOBE SYSTEMS INC | 1.4 % |
Constituent Breakdown
| Number of holdings | 294 |
| Herfindahl-Hirschman Index | 73 |
| Wgt avg mkt cap (mns) | $256,876 |
| Large cap (>$10bn) | 88.8% |
| Mid cap ($2-10bn) | 11.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.0 % |
 |
IRELAND | 1.1 % |
 |
BERMUDA | 0.9 % |
 |
BRITAIN | 0.7 % |
 |
SWITZERLAND | 0.6 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 17.1% | 10.0% | -2.7% | 6.4% | 12.0% | -- | 10.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.00 | 93% |
| MSCI EAFE | 0.87 | 65% |
| MSCI Emg Mkts | 0.60 | 34% |
Liquidity Measures
| Avg. volume (000) | 30 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.16% |
| ADV of underlying (mns) | $92,426 |
Technical Indicators
| Recent close | $43.48 |
| 30d moving avg. | $40.82 |
| Annualized volatility | 18.4% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 2.5% |
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. JMOM |
Expenses vs. JMOM |
ALTAR Score™ vs. JMOM |
|---|---|---|---|---|
| CFA | VictoryShares US 500 Volatility Weighted Index ETF | 50.7% | +23 bp | +0.8% |
| JCTR | JPMorgan Carbon Transition U.S. Equity ETF | 49.5% | +3 bp | -0.3% |
| JQUA | JPMorgan U.S. Quality Factor ETF | 47.2% | 0 bp | +0.5% |
| GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 43.9% | -3 bp | +0.9% |
| ROUS | Hartford Multifactor US Equity ETF | 43.6% | +7 bp | +1.2% |
| FLQL | Franklin LibertyQ U.S. Equity ETF | 43.4% | +3 bp | +1.3% |
| QUS | SPDR MSCI USA StrategicFactors ETF | 42.9% | +3 bp | +0.8% |
| GPAL | Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Ca | 42.3% | +8 bp | +0.8% |
| RESP | WisdomTree US ESG Fund of Benef Interest | 42.2% | +16 bp | +0.8% |
| EPS | WisdomTree U.S. Earnings 500 Fund | 41.8% | -4 bp | +1.4% |
Risk and Returns: JMOM 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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 12/6/2023
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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
JMOM
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
JMOM
5.4%
Cat. Avg
6.1%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.4% |
Recommendation
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.
Category Overview
There are 896 funds in the US Equities category, with an average ALTAR Score™
of 6.1% and a standard deviation of
3.0%. JMOM's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places JMOM in the 41st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
JMOM
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| JMOM | 12.0 | 15.8 | 27.8 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .