JPEM
JPMorgan Diversified Return Emerging Markets Equity ETF
JPMorgan Diversified Return Emerging Markets Equity ETF is a U.S. registered exchange-traded fund. The Fund seeks investment results of the FTSE Emerging Diversified Factor Index, which employs a unique risk framework to diversify risks across regions and super sectors, and a multi-factor stock ranking process to identify companies with strong fundamentals.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
320.5 M
ASSETS UNDER MGMT
44 bp
EXPENSES
Fund Basics
| Fund sponsor | JP Morgan Investment Managemen |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 07, 2015 |
| Assets (mns) | $321 |
| Expense ratio | 44 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| INFOSYS TECHNOLOGIES LTD | 1.6 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 1.5 % |
| RELIANCE INDS-SPONS GDR 144A | 1.3 % |
| PETROBRAS - PETROLEO BRAS-PR | 1.1 % |
| VALE SA | 1.1 % |
| TATA CONSULTANCY SVS LTD | 1.0 % |
| BANK OF CHINA LTD - H | 0.9 % |
| HINDUSTAN UNILEVER LIMITED | 0.9 % |
| IND & COMM BK OF CHINA - H | 0.8 % |
| ITAU UNIBANCO HOLDING SA | 0.8 % |
Constituent Breakdown
| Number of holdings | 560 |
| Herfindahl-Hirschman Index | 36 |
| Wgt avg mkt cap (mns) | $51,681 |
| Large cap (>$10bn) | 48.6% |
| Mid cap ($2-10bn) | 43.6% |
| Small cap (<$2bn) | 6.3% |
| Developed mkts. | 4.3% |
| Emerging mkts. | 95.7% |
Country Exposure
 |
CHINA | 17.7 % |
 |
INDIA | 13.3 % |
 |
TAIWAN | 11.1 % |
 |
TURKEY | 10.6 % |
 |
BRAZIL | 9.2 % |
 |
MEXICO | 6.5 % |
 |
SOUTH AFRICA | 4.0 % |
 |
SAUDI ARABIA | 3.6 % |
 |
INDONESIA | 3.5 % |
 |
MALAYSIA | 2.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.1% | 17.3% | 13.9% | 3.3% | 4.4% | -- | 4.2% | Volatility | 12.2% | 12.2% | 12.0% | 13.7% | 19.1% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.53 | 51% |
| MSCI EAFE | 0.64 | 76% |
| MSCI Emg Mkts | 0.67 | 81% |
Liquidity Measures
| Avg. volume (000) | 13 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.16% |
| ADV of underlying (mns) | $15,863 |
Technical Indicators
| Recent close | $53.42 |
| 30d moving avg. | $55.50 |
| Annualized volatility | 12.9% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 0.2% |
| 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. JPEM |
Expenses vs. JPEM |
ALTAR Score™ vs. JPEM |
|---|---|---|---|---|
| MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 32.4% | +6 bp | +2.4% |
| QEMM | SPDR MSCI Emerging Markets StrategicFactors ETF | 30.6% | -14 bp | -2.5% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 29.7% | +5 bp | -2.5% |
| GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 29.7% | +1 bp | +0.4% |
| FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 29.3% | -5 bp | +1.9% |
| XCEM | Columbia EM Core ex-China ETF | 27.9% | -28 bp | -3.0% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 27.7% | -20 bp | -1.6% |
| XCNY | SPDR S&P Emerging Markets ex-China ETF | 27.4% | -29 bp | -4.4% |
| EMGF | iShares Emerging Markets Equity Factor ETF | 27.3% | -19 bp | -2.1% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 27.2% | -29 bp | -3.4% |
Risk and Returns: JPEM 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 11/22/2024
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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
JPEM
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
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.
ALTAR Score™
JPEM
10.6%
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%. JPEM's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places JPEM in the 76th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
JPEMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| JPEM (44 bp) Percentile rank | 24 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| JPEM | 44.0 | 16.2 | 60.2 |
| Peer Avg. | 48.9 | 28.9 | 77.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .