BBEU
JPMorgan BetaBuilders Europe ETF
Seeks investment results that closely correspond to the Morningstar Developed Europe Target Market Exposure Index.
international
EQUITY
Passive
MANAGEMENT STYLE
6.4 B
ASSETS UNDER MGMT
9 bp
EXPENSES
Fund Basics
| Fund sponsor | JPMorgan |
| Category | international |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 15, 2018 |
| Assets (mns) | $6,442 |
| Expense ratio | 9 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NOVO NORDISK A/S-B | 4.0 % |
| ASML HOLDING NV | 3.2 % |
| NESTLE SA-REG | 2.4 % |
| ROCHE HOLDING AG-BR | 2.4 % |
| ASTRAZENECA PLC | 2.2 % |
| SAP AG | 2.1 % |
| SHELL PLC | 2.1 % |
| NOVARTIS AG | 2.1 % |
| LVMH MOET HENNESSY LOUIS VUI | 1.7 % |
| UNILEVER PLC | 1.4 % |
Constituent Breakdown
| Number of holdings | 486 |
| Herfindahl-Hirschman Index | 95 |
| Wgt avg mkt cap (mns) | $112,914 |
| Large cap (>$10bn) | 92.2% |
| Mid cap ($2-10bn) | 5.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.4% |
| Emerging mkts. | 0.5% |
Country Exposure
 |
BRITAIN | 22.3 % |
 |
FRANCE | 15.5 % |
 |
SWITZERLAND | 15.4 % |
 |
GERMANY | 12.4 % |
 |
NETHERLANDS | 7.8 % |
 |
DENMARK | 5.7 % |
 |
SWEDEN | 5.0 % |
 |
SPAIN | 4.1 % |
 |
ITALY | 4.0 % |
 |
FINLAND | 1.5 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.9% | 23.0% | 20.2% | 3.6% | 23.4% | -- | 18.6% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 72% |
| MSCI EAFE | 1.06 | 95% |
| MSCI Emg Mkts | 0.84 | 58% |
Liquidity Measures
| Avg. volume (000) | 381 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $23,631 |
Technical Indicators
| Recent close | $56.83 |
| 30d moving avg. | $60.91 |
| Annualized volatility | 19.2% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.4% |
| 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. BBEU |
Expenses vs. BBEU |
ALTAR Score™ vs. BBEU |
|---|---|---|---|---|
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 92.9% | +37 bp | -0.6% |
| FLEE | Franklin FTSE Europe ETF | 88.5% | 0 bp | +0.1% |
| IEV | iShares Europe ETF | 84.1% | +58 bp | -0.5% |
| IEUR | iShares Core MSCI Europe ETF | 79.0% | +2 bp | 0.0% |
| SPEU | SPDR Portfolio Europe ETF | 78.0% | -2 bp | 0.0% |
| VGK | Vanguard FTSE Europe ETF | 77.3% | +2 bp | 0.0% |
| GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 72.8% | +16 bp | +0.0% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 61.5% | +27 bp | -0.5% |
| GSID | Goldman Sachs MarketBeta International Equity ETF | 61.1% | +11 bp | -0.1% |
| IQSI | IQ Candriam International Equity ETF | 58.5% | +6 bp | -0.5% |
Risk and Returns: BBEU 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 11/15/2024
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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
BBEU
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™
BBEU
7.1%
Cat. Avg
7.4%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the international Equity category, with an average ALTAR Score™
of 7.4% and a standard deviation of
2.6%. BBEU's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places BBEU in the 46th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BBEUSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive international Equity ETFs |
| # of ETFs | 77 |
| Avg. Expense Ratio | 38.8 bp |
| Std. Deviation | 21.2 bp |
| BBEU (9 bp) Percentile rank | 7 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BBEU | 9.0 | 2.2 | 11.2 |
| Peer Avg. | 26.6 | 13.3 | 39.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .