JPUS
JPMorgan Diversified Return U.S. Equity ETF
The JPMorgan Diversified Return U.S. Equity ETF tracks an index of large-cap US stocks selected from the Russell 1000 using relative value, momentum, quality factors and weighted inversely by volatility by sectors and within each sector.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
18 bp
EXPENSES
$422.4 M
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | JPMorgan |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Sep 29, 2015 |
Assets (mns) | $422 |
Expense ratio | 18 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-End Investment Company |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Multi-Factor |
Weighting | Volatility |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
EXXON MOBIL CORP | 0.7 % |
VISTRA ENERGY CORP. | 0.6 % |
NVIDIA CORP | 0.6 % |
META PLATFORMS INC | 0.6 % |
WILLIAMS-SONOMA INC | 0.5 % |
CONSTELLATION ENERGY CORPORATION | 0.5 % |
BROADCOM INC. | 0.5 % |
AMPHENOL CORP-CL A | 0.5 % |
CASEY'S GENERAL STORES INC | 0.5 % |
CLEAN HARBORS INC | 0.5 % |
Constituent Breakdown
Number of holdings | 366 |
Herfindahl-Hirschman Index | 34 |
Wgt avg mkt cap (mns) | $110,440 |
Large cap (>$10bn) | 84.6% |
Mid cap ($2-10bn) | 14.9% |
Small cap (<$2bn) | 0.5% |
Developed mkts. | 99.8% |
Emerging mkts. | 0.2% |
Country Exposure
UNITED STATES | 95.8 % | |
IRELAND | 1.3 % | |
BERMUDA | 0.7 % | |
BRITAIN | 0.7 % | |
SWITZERLAND | 0.6 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 6.7% | 14.3% | 11.9% | 6.5% | 10.2% | -- | 11.3% | Volatility | 9.9% | 11.0% | 15.2% | 15.2% | 20.4% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.88 | 88% |
MSCI EAFE | 0.88 | 82% |
MSCI Emg Mkts | 0.60 | 39% |
Liquidity Measures
Avg. volume (000) | 6 |
Turnover | 0.2% |
Avg. Bid/Ask (% of price) | 0.07% |
ADV of underlying (mns) | $282,605 |
Technical Indicators
Recent close | $111.90 |
30d moving avg. | $110.28 |
Annualized volatility | 16.9% |
Relative strength (RSI) | 53 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 2.4% |
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. JPUS |
Expenses vs. JPUS |
ALTAR Score™ vs. JPUS |
---|---|---|---|---|
JPME | JPMorgan Diversified Return U.S. Mid Cap Equity ETF | 59.8% | +6 bp | +0.3% |
CFA | VictoryShares US 500 Volatility Wtd ETF | 46.5% | +17 bp | -1.5% |
CFO | VictoryShares US 500 Enhanced Volatility Wtd ETF | 46.4% | +22 bp | -1.6% |
SSPY | Syntax Stratified LargeCap ETF | 44.9% | +12 bp | -0.9% |
DEUS | Xtrackers Russell US Multifactor ETF | 44.9% | -1 bp | -0.3% |
FEX | First Trust Large Cap Core AlphaDEX Fund | 44.8% | +41 bp | -1.5% |
GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 43.3% | -9 bp | -1.4% |
RSP | Invesco S&P 500 Equal Weight ETF | 43.2% | +2 bp | -1.2% |
ROUS | Hartford Multifactor US Equity ETF | 43.0% | +1 bp | -0.5% |
EQAL | Invesco Russell 1000 Equal Weight ETF | 42.8% | +2 bp | -1.6% |
Risk and Returns: JPUS 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
JPUS
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™
JPUS
7.4%
Cat. Avg
5.7%
Fund Category: US
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 7.4% |
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 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. JPUS's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places JPUS in the 76th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
JPUS
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
JPUS (18 bp) Percentile rank | 19 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
JPUS | 18.0 | 6.5 | 24.5 |
Peer Avg. | 29.1 | 14.0 | 43.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .