JPEM
JPMorgan Diversified Return Emerging Markets Equity ETF
JPMorgan Diversified Return Emerging Markets Equity ETF is a U.S. registered exchange-traded fund. The Fund seeks investment results of the FTSE Emerging Diversified Factor Index, which employs a unique risk framework to diversify risks across regions and super sectors, and a multi-factor stock ranking process to identify companies with strong fundamentals.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
322.8 M
ASSETS UNDER MGMT
44 bp
EXPENSES
Fund Basics
| Fund sponsor | JP Morgan Investment Managemen |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 07, 2015 |
| Assets (mns) | $323 |
| Expense ratio | 44 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| RELIANCE INDS-SPONS GDR 144A | 2.7 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 1.7 % |
| INFOSYS TECHNOLOGIES LTD | 1.5 % |
| BANK OF CHINA LTD - H | 1.3 % |
| CHINA CONSTRUCTION BANK-H | 1.1 % |
| VALE SA | 1.1 % |
| PETROBRAS - PETROLEO BRAS-PR | 1.0 % |
| ITAU UNIBANCO HOLDING SA | 0.8 % |
| SAUDI TELECOM CO. | 0.7 % |
| TATA CONSULTANCY SVS LTD | 0.7 % |
Constituent Breakdown
| Number of holdings | 560 |
| Herfindahl-Hirschman Index | 43 |
| Wgt avg mkt cap (mns) | $48,722 |
| Large cap (>$10bn) | 50.8% |
| Mid cap ($2-10bn) | 40.0% |
| Small cap (<$2bn) | 7.4% |
| Developed mkts. | 4.2% |
| Emerging mkts. | 95.7% |
Country Exposure
 |
CHINA | 14.5 % |
 |
INDIA | 13.3 % |
 |
BRAZIL | 11.1 % |
 |
TAIWAN | 10.5 % |
 |
TURKEY | 8.5 % |
 |
MEXICO | 6.3 % |
 |
SOUTH AFRICA | 4.7 % |
 |
SAUDI ARABIA | 3.8 % |
 |
MALAYSIA | 3.5 % |
 |
UAE | 3.1 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 3.3% | -1.2% | 2.0% | 0.4% | 4.6% | -0.3% | -- | 0.5% |
| Dividend Yield | 0.0% | 2.8% | 3.9% | 4.0% | 4.2% | 3.3% | -- | 3.2% |
| Total Returns | 3.3% | 1.6% | 5.9% | 4.4% | 8.8% | 3.0% | -- | 3.7% | Ann. Volatility | 16.8% | 14.4% | 12.8% | 13.6% | 14.7% | 18.1% | -- | 18.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.49 | 42% |
| MSCI EAFE | 0.62 | 70% |
| MSCI Emg Mkts | 0.66 | 79% |
Liquidity Measures
| Avg. volume (000) | 31 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.16% |
| ADV of underlying (mns) | $11,288 |
Technical Indicators
| Recent close | $53.62 |
| 30d moving avg. | $52.27 |
| Annualized volatility | 12.5% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.5% |
| Short interest (underlying) | 0.0% |
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. JPEM |
Expenses vs. JPEM |
ALTAR Score™ vs. JPEM |
|---|---|---|---|---|
| MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 31.8% | +6 bp | +1.2% |
| XCEM | Columbia EM Core ex-China ETF | 30.5% | -28 bp | -2.4% |
| GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 30.3% | +1 bp | +0.3% |
| QEMM | SPDR MSCI Emerging Markets StrategicFactors ETF | 30.3% | -14 bp | -0.7% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 30.2% | +5 bp | -0.1% |
| FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 30.2% | -5 bp | +6.6% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 29.0% | -20 bp | -2.2% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 28.1% | -19 bp | -2.9% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 27.9% | -29 bp | -0.1% |
| XCNY | SPDR S&P Emerging Markets ex-China ETF | 27.9% | -29 bp | -3.2% |
Risk and Returns: JPEM 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
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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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 4/30/2025
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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
JPEM
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™
JPEM
10.9%
Cat. Avg
10.2%
ALTAR Score™ Calculation
Category Overview
There are 153 funds in the Emerging Equity category, with an average ALTAR Score™
of 10.2% and a standard deviation of
3.9%. JPEM's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places JPEM in the 58th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
JPEMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| JPEM (44 bp) Percentile rank | 24 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| JPEM | 44.0 | 16.2 | 60.2 |
| Peer Avg. | 49.6 | 28.0 | 77.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .