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
11.7 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) | $130,896 |
Large cap (>$10bn) | 81.1% |
Mid cap ($2-10bn) | 18.2% |
Small cap (<$2bn) | 0.7% |
Developed mkts. | 7.8% |
Emerging mkts. | 92.2% |
Country Exposure
CHINA | 94.8 % | |
HONG KONG | 4.0 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 10.0% | 7.3% | -- | -- | -- | -- | -5.1% | Volatility | 30.5% | 29.3% | -- | -- | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.49 | 6% |
MSCI EAFE | 0.72 | 17% |
MSCI Emg Mkts | 1.38 | 54% |
Liquidity Measures
Avg. volume (000) | 1 |
Turnover | 0.4% |
Avg. Bid/Ask (% of price) | 0.47% |
ADV of underlying (mns) | $7,968 |
Technical Indicators
Recent close | $44.82 |
30d moving avg. | $44.64 |
Annualized volatility | 25.5% |
Relative strength (RSI) | 52 |
Short interest (ETF) | 3.4% |
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. JCHI |
Expenses vs. JCHI |
ALTAR Score™ vs. JCHI |
---|---|---|---|---|
MCH | Matthews China Active ETF | 43.4% | +14 bp | -2.4% |
MCHI | iShares MSCI China ETF | 38.7% | -6 bp | +0.6% |
FXI | iShares China Large-Cap ETF | 37.5% | +9 bp | +0.2% |
FLCH | Franklin FTSE China ETF | 37.3% | -46 bp | +1.1% |
KALL | KraneShares MSCI All China Index ETF | 35.7% | -16 bp | +1.2% |
CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 34.7% | -33 bp | -1.7% |
GXC | SPDR S&P China ETF | 33.2% | -6 bp | +0.5% |
KTEC | KraneShares Hang Seng TECH Index ETF | 28.0% | +4 bp | -11.4% |
AIA | iShares Asia 50 ETF | 26.5% | -15 bp | -1.1% |
KWEB | KraneShares CSI China Internet ETF | 26.3% | +4 bp | -9.1% |
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 12/20/2024
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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
7.9%
Cat. Avg
7.9%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.9% and a standard deviation of
4.2%. JCHI's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places JCHI in the 50th 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 | 43.7 | 117.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .