JPME
JPMorgan Diversified Return U.S. Mid Cap Equity ETF
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
| Fund sponsor | JPMorgan |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | May 11, 2016 |
| Assets (mns) | $339 |
| Expense ratio | 24 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Volatility |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| GARTNER INC | 0.5 % |
| CARDINAL HEALTH INC | 0.5 % |
| CASEY'S GENERAL STORES INC | 0.5 % |
| AMERISOURCEBERGEN CORP | 0.5 % |
| JABIL CIRCUIT INC | 0.5 % |
| WW GRAINGER INC | 0.5 % |
| UNITED STATES STEEL CORP | 0.5 % |
| MANHATTAN ASSOCIATES INC | 0.5 % |
| REPUBLIC SERVICES INC | 0.5 % |
| HOST HOTELS & RESORTS INC | 0.4 % |
Constituent Breakdown
| Number of holdings | 358 |
| Herfindahl-Hirschman Index | 34 |
| Wgt avg mkt cap (mns) | $15,865 |
| Large cap (>$10bn) | 61.9% |
| Mid cap ($2-10bn) | 37.4% |
| Small cap (<$2bn) | 0.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.6 % |
 |
IRELAND | 0.7 % |
 |
BERMUDA | 0.6 % |
 |
BRITAIN | 0.5 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 5.0% | 0.2% | 0.1% | 8.4% | 8.4% | -- | 9.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.96 | 88% |
| MSCI EAFE | 0.96 | 81% |
| MSCI Emg Mkts | 0.63 | 39% |
Liquidity Measures
| Avg. volume (000) | 15 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $21,842 |
Technical Indicators
| Recent close | $86.84 |
| 30d moving avg. | $82.25 |
| Annualized volatility | 18.0% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 3.1% |
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. JPME |
Expenses vs. JPME |
ALTAR Score™ vs. JPME |
|---|---|---|---|---|
| JPUS | JPMorgan Diversified Return U.S. Equity ETF | 59.2% | -6 bp | -0.4% |
| CFA | VictoryShares US 500 Volatility Weighted Index ETF | 49.9% | +11 bp | -2.4% |
| JHMM | John Hancock Multifactor Mid Cap ETF | 49.0% | +18 bp | -1.5% |
| ONEV | SPDR Russell 1000 Low Volatility Focus ETF | 45.7% | -4 bp | -0.4% |
| IWR | iShares Russell Midcap ETF | 45.2% | -6 bp | -2.5% |
| IWS | iShares Russell Mid-Cap Value ETF | 44.9% | -1 bp | -1.4% |
| BKMC | BNY Mellon US Mid Cap Core Equity ETF | 42.4% | -20 bp | -2.3% |
| IMCB | iShares Morningstar Mid-Cap ETF | 42.0% | -20 bp | -2.3% |
| IMCV | iShares Morningstar Mid-Cap Value ETF | 41.5% | -18 bp | -0.4% |
| DEUS | Xtrackers Russell 1000 Comprehensive Factor ETF | 40.2% | -7 bp | -1.2% |
Risk and Returns: JPME 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 11/30/2023
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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
JPME
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™
JPME
8.6%
Cat. Avg
6.1%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.6% |
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 896 funds in the US Equities category, with an average ALTAR Score™
of 6.1% and a standard deviation of
3.1%. JPME's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places JPME in the 79th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
JPME
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) |
|
|---|---|---|---|
| JPME | 24.0 | 17.9 | 41.9 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .