JCHI
JPMorgan Active China ETF
JCHI is actively managed to hold a narrow portfolio of Chinese equities and equity-related securities that are fundamentally assessed for sustainable growth and disciplined capital management. The fund also considers ESG factors during the investment process.
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
11.6 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | JPMorgan Chase |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 16, 2023 |
| Assets (mns) | $12 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TENCENT HOLDINGS LTD | 13.0 % |
| ALIBABA GROUP HOLDING LTD. | 5.8 % |
| CHINA CONSTRUCTION BANK-H | 4.6 % |
| CHINA MERCHANTS BANK - H | 4.4 % |
| MEITUAN DIANPING | 3.4 % |
| KWEICHOW MOUTAI CO LTD-A | 3.4 % |
| CHINA YANGTZE POWER CO LTD-A | 3.4 % |
| HAIER SMART HOME CO., LTD. CLASS H | 3.0 % |
| FOXCONN INDUSTRIAL INTERNET CO., LTD. CL | 2.7 % |
| NETEASE, INC | 2.6 % |
Constituent Breakdown
| Number of holdings | 52 |
| Herfindahl-Hirschman Index | 386 |
| Wgt avg mkt cap (mns) | $135,908 |
| Large cap (>$10bn) | 82.6% |
| Mid cap ($2-10bn) | 17.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 7.8% |
| Emerging mkts. | 92.3% |
Country Exposure
 |
CHINA | 94.8 % |
 |
HONG KONG | 4.0 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 15.1% | 12.9% | -- | -- | -- | -- | -2.5% | Volatility | 30.5% | 29.3% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.60 | 9% |
| MSCI EAFE | 0.71 | 17% |
| MSCI Emg Mkts | 1.39 | 53% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.47% |
| ADV of underlying (mns) | $9,065 |
Technical Indicators
| Recent close | $44.76 |
| 30d moving avg. | $47.95 |
| Annualized volatility | 26.0% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 3.1% |
| 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. JCHI |
Expenses vs. JCHI |
ALTAR Score™ vs. JCHI |
|---|---|---|---|---|
| MCH | Matthews China Active ETF | 43.4% | +14 bp | -2.6% |
| MCHI | iShares MSCI China ETF | 38.5% | -6 bp | +0.4% |
| FXI | iShares China Large-Cap ETF | 37.8% | +9 bp | +0.2% |
| FLCH | Franklin FTSE China ETF | 37.3% | -46 bp | +0.9% |
| KALL | KraneShares MSCI All China Index ETF | 35.7% | -16 bp | +1.0% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 34.7% | -33 bp | -1.9% |
| GXC | SPDR S&P China ETF | 32.9% | -6 bp | +0.4% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 28.0% | +4 bp | -11.6% |
| AIA | iShares Asia 50 ETF | 26.3% | -15 bp | -1.4% |
| KWEB | KraneShares CSI China Internet ETF | 26.3% | +4 bp | -9.4% |
Risk and Returns: JCHI 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 11/21/2024
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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
JCHI
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™
JCHI
8.0%
Cat. Avg
7.7%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.1%. JCHI's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places JCHI in the 53rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
JCHISELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Emerging Market Equity ETFs |
| # of ETFs | 22 |
| Avg. Expense Ratio | 60.3 bp |
| Std. Deviation | 21.7 bp |
| JCHI (65 bp) Percentile rank | 59 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| JCHI | 65.0 | 47.1 | 112.1 |
| Peer Avg. | 73.8 | 42.3 | 116.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .