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.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
413.0 M
ASSETS UNDER MGMT
24 bp
EXPENSES
Fund Basics
| Fund sponsor | JPMorgan |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 11, 2016 |
| Assets (mns) | $413 |
| 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
| FIRST CITIZENS BCSHS -CL A | 0.5 % |
| JEFFERIES FINANCIAL GROUP INC. | 0.5 % |
| MGIC INVESTMENT CORP | 0.5 % |
| CBRE GROUP, INC. CLASS A | 0.5 % |
| ALLISON TRANSMISSION HOLDING | 0.5 % |
| TOLL BROTHERS INC | 0.4 % |
| PULTE HOMES INC | 0.4 % |
| UNITED THERAPEUTICS CORP | 0.4 % |
| UNIVERSAL HEALTH SERVICES-B | 0.4 % |
| OMEGA HEALTHCARE INVESTORS | 0.4 % |
Constituent Breakdown
| Number of holdings | 360 |
| Herfindahl-Hirschman Index | 33 |
| Wgt avg mkt cap (mns) | $19,770 |
| Large cap (>$10bn) | 73.7% |
| Mid cap ($2-10bn) | 25.8% |
| Small cap (<$2bn) | 0.5% |
| Developed mkts. | 99.7% |
| Emerging mkts. | 0.3% |
Country Exposure
 |
UNITED STATES | 95.7 % |
 |
BERMUDA | 0.8 % |
 |
IRELAND | 0.6 % |
 |
BRITAIN | 0.6 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 15.7% | 28.6% | 19.8% | 8.5% | 11.5% | -- | 11.0% | Volatility | 11.5% | 12.7% | 16.9% | 16.8% | 21.4% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.96 | 84% |
| MSCI EAFE | 0.96 | 82% |
| MSCI Emg Mkts | 0.70 | 41% |
Liquidity Measures
| Avg. volume (000) | 11 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.16% |
| ADV of underlying (mns) | $46,639 |
Technical Indicators
| Recent close | $104.56 |
| 30d moving avg. | $102.45 |
| Annualized volatility | 18.8% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.4% |
| 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 | 60.3% | -6 bp | -0.3% |
| JHMM | John Hancock Multifactor Mid Cap ETF | 48.7% | +18 bp | -1.3% |
| IWS | iShares Russell Mid-Cap Value ETF | 46.0% | -1 bp | -1.1% |
| IWR | iShares Russell Midcap ETF | 45.3% | -5 bp | -1.8% |
| ONEV | SPDR Russell 1000 Low Volatility Focus ETF | 44.5% | -4 bp | +0.2% |
| ONEY | SPDR Russell 1000 Yield Focus ETF | 42.2% | -4 bp | +2.0% |
| DEUS | Xtrackers Russell US Multifactor ETF | 42.1% | -7 bp | -0.5% |
| ONEO | SPDR Russell 1000 Momentum Focus ETF | 41.0% | -4 bp | -0.5% |
| EQAL | Invesco Russell 1000 Equal Weight ETF | 39.9% | -4 bp | -1.0% |
| IMCB | iShares Morningstar Mid-Cap ETF | 39.9% | -20 bp | -1.6% |
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
| 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 10/23/2024
Peer Group Comparison Sample data. Subscribe for access.
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 Rating
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.
ALTAR Score™
JPME
7.5%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 934 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.5%. 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.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
JPMESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| JPME (24 bp) Percentile rank | 25 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| JPME | 24.0 | 16.3 | 40.3 |
| Peer Avg. | 29.6 | 13.9 | 43.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .