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
13.3 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) | $13 |
| 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 | 13.9 % |
| ALIBABA GROUP HOLDING LTD. | 9.8 % |
| CHINA MERCHANTS BANK -A | 4.6 % |
| MEITUAN DIANPING | 4.4 % |
| CHINA CONSTRUCTION BANK-H | 4.3 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 3.1 % |
| NETEASE, INC | 3.0 % |
| KWEICHOW MOUTAI CO LTD-A | 2.6 % |
| PING AN INSURANCE (GROUP) COMPANY OF CHI | 2.3 % |
| CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD | 2.2 % |
Constituent Breakdown
| Number of holdings | 57 |
| Herfindahl-Hirschman Index | 453 |
| Wgt avg mkt cap (mns) | $180,839 |
| Large cap (>$10bn) | 86.6% |
| Mid cap ($2-10bn) | 13.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 14.5% |
| Emerging mkts. | 85.5% |
Country Exposure
 |
CHINA | 96.1 % |
 |
HONG KONG | 3.5 % |
Historical Performance
Standardized Performance (as of 02/28/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.4% | 25.2% | -- | -- | -- | -- | 0.5% | Volatility | 22.9% | 30.5% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.36 | 3% |
| MSCI EAFE | 0.71 | 18% |
| MSCI Emg Mkts | 1.33 | 50% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.47% |
| ADV of underlying (mns) | $8,770 |
Technical Indicators
| Recent close | $48.33 |
| 30d moving avg. | $49.32 |
| Annualized volatility | 24.3% |
| Relative strength (RSI) | 54 |
| Short interest (ETF) | 0.6% |
| 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 | 46.3% | +14 bp | -1.5% |
| MCHI | iShares MSCI China ETF | 44.2% | -6 bp | +1.0% |
| FLCH | Franklin FTSE China ETF | 43.1% | -46 bp | +0.4% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 42.6% | -33 bp | +0.9% |
| KALL | KraneShares MSCI All China Index ETF | 42.6% | -16 bp | -1.5% |
| GXC | SPDR S&P China ETF | 38.8% | -6 bp | -0.1% |
| FXI | iShares China Large-Cap ETF | 37.4% | +9 bp | +1.3% |
| KWEB | KraneShares CSI China Internet ETF | 35.0% | +4 bp | +9.0% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 31.3% | +4 bp | +2.8% |
| FDNI | First Trust Dow Jones International Internet ETF | 31.1% | 0 bp | +2.7% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2024 | 2025E | Fwd Est | 2026E | |
| 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 4/2/2025
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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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
JCHI
16.8%
Cat. Avg
9.9%
ALTAR Score™ Calculation
Category Overview
There are 156 funds in the Emerging Equity category, with an average ALTAR Score™
of 9.9% and a standard deviation of
4.1%. JCHI's ALTAR Score™ is approximately
1.7 standard deviations
above
the category average. This places JCHI in the 95th 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. | 76.2 | 45.0 | 121.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .