JPIN
J.P. Morgan Diversified Return International Equity ETF
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.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
37 bp
EXPENSES
$358.8 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | JP Morgan Investment Managemen |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 05, 2014 |
| Assets (mns) | $359 |
| Expense ratio | 37 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
| ASTRAZENECA PLC | 0.5 % |
| 3I GROUP PLC | 0.5 % |
| KB FINANCIAL GROUP INC | 0.5 % |
| UNILEVER PLC | 0.5 % |
| GOODMAN GROUP | 0.5 % |
| SAMSUNG TECHWIN CO LTD | 0.5 % |
| KANSAI ELECTRIC POWER CO INC | 0.5 % |
| ANTOFAGASTA PLC | 0.5 % |
| COSMO ENERGY HOLDINGS CO., LTD. | 0.5 % |
| NOVO NORDISK A/S-B | 0.5 % |
Constituent Breakdown
| Number of holdings | 495 |
| Herfindahl-Hirschman Index | 30 |
| Wgt avg mkt cap (mns) | $34,645 |
| Large cap (>$10bn) | 56.1% |
| Mid cap ($2-10bn) | 40.7% |
| Small cap (<$2bn) | 2.5% |
| Developed mkts. | 91.7% |
| Emerging mkts. | 8.3% |
Country Exposure
 |
JAPAN | 27.5 % |
 |
BRITAIN | 20.4 % |
 |
AUSTRALIA | 10.9 % |
 |
SOUTH KOREA | 7.8 % |
 |
FRANCE | 4.9 % |
 |
HONG KONG | 3.6 % |
 |
SINGAPORE | 3.2 % |
 |
SWITZERLAND | 3.1 % |
 |
NETHERLANDS | 2.9 % |
 |
GERMANY | 2.5 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 3.2% | 13.0% | 11.8% | 1.1% | 4.6% | -- | 4.4% | Volatility | 11.1% | 12.1% | 15.0% | 14.5% | 18.3% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.74 | 69% |
| MSCI EAFE | 0.90 | 95% |
| MSCI Emg Mkts | 0.77 | 71% |
Liquidity Measures
| Avg. volume (000) | 17 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.08% |
| ADV of underlying (mns) | $24,652 |
Technical Indicators
| Recent close | $56.06 |
| 30d moving avg. | $56.27 |
| Annualized volatility | 16.1% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.0% |
| 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. JPIN |
Expenses vs. JPIN |
ALTAR Score™ vs. JPIN |
|---|---|---|---|---|
| DEEF | Xtrackers FTSE Developed ex US Multifactor ETF | 38.5% | -13 bp | -0.1% |
| JHMD | John Hancock Multifactor Developed International ETF | 34.6% | +2 bp | -1.0% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 33.9% | -17 bp | -1.6% |
| CIZ | VictoryShares Developed Enhanced Volatility Wtd ETF | 33.5% | +14 bp | -1.7% |
| CIL | VictoryShares International Volatility Wtd ETF | 33.5% | +8 bp | -1.6% |
| FNDF | Schwab Fundamental International Large Co. Index ETF | 33.4% | -12 bp | +0.8% |
| IQIN | IQ 500 International ETF | 33.4% | -12 bp | +0.3% |
| MFDX | PIMCO RAFI Dynamic Multi-Factor International Equity ETF | 33.1% | +2 bp | -1.3% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 32.9% | -28 bp | -0.9% |
| GSIE | Goldman Sachs ActiveBeta International Equity ETF | 32.8% | -12 bp | -1.4% |
Risk and Returns: JPIN 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 7/25/2024
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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
JPIN
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™
JPIN
8.5%
Cat. Avg
7.2%
Fund Category: International
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.5% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 258 funds in the International category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.4%. JPIN's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places JPIN in the 70th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
JPIN
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| JPIN (37 bp) Percentile rank | 41 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| JPIN | 37.0 | 7.8 | 44.8 |
| Peer Avg. | 33.7 | 17.7 | 51.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .