JPSE
JPMorgan Diversified Return U.S. Small Cap Equity ETF
The JPMorgan Diversified Return U.S. Small Cap Equity ETF tracks a multi-factor index comprised of US small-cap stocks. The index uses a combination of fundamental and technical factors for stock selection, and inverse volatility for weighting.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
511.1 M
ASSETS UNDER MGMT
29 bp
EXPENSES
Fund Basics
| Fund sponsor | JPMorgan |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 15, 2016 |
| Assets (mns) | $511 |
| Expense ratio | 29 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Volatility |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CARPENTER TECHNOLOGY | 0.4 % |
| CAREER EDUCATION CORP | 0.4 % |
| LANTHEUS HOLDINGS INC | 0.4 % |
| MUELLER INDUSTRIES INC | 0.4 % |
| M/I HOMES INC | 0.4 % |
| JACKSON FINANCIAL INCORPORATION CLASS A | 0.4 % |
| LA-Z-BOY INC | 0.3 % |
| RADIAN GROUP INC | 0.3 % |
| UFP TECHNOLOGIES INC | 0.3 % |
| TAYLOR MORRISON HOME CORP-A | 0.3 % |
Constituent Breakdown
| Number of holdings | 566 |
| Herfindahl-Hirschman Index | 23 |
| Wgt avg mkt cap (mns) | $3,205 |
| Large cap (>$10bn) | 1.2% |
| Mid cap ($2-10bn) | 66.3% |
| Small cap (<$2bn) | 32.3% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 93.8 % |
 |
BERMUDA | 1.2 % |
 |
CANADA | 0.6 % |
 |
CAYMAN ISLANDS | 0.5 % |
 |
PUERTO RICO | 0.5 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 17.7% | 30.4% | 13.2% | 7.0% | 12.0% | -- | 10.6% | Volatility | 18.0% | 18.9% | 18.8% | 20.9% | 26.0% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.06 | 71% |
| MSCI EAFE | 0.99 | 62% |
| MSCI Emg Mkts | 0.67 | 28% |
Liquidity Measures
| Avg. volume (000) | 24 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.12% |
| ADV of underlying (mns) | $11,728 |
Technical Indicators
| Recent close | $47.21 |
| 30d moving avg. | $50.49 |
| Annualized volatility | 22.0% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 6.3% |
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. JPSE |
Expenses vs. JPSE |
ALTAR Score™ vs. JPSE |
|---|---|---|---|---|
| GSSC | Goldman Sachs Activebeta U.S. Small Cap Equity ETF | 48.1% | -9 bp | -2.1% |
| QVMS | Invesco S&P SmallCap 600 QVM Multi-factor ETF | 45.0% | -14 bp | +0.9% |
| IJR | iShares Core S&P Small Cap ETF | 44.6% | -23 bp | +0.1% |
| VIOO | Vanguard S&P Small-Cap 600 ETF | 44.2% | -19 bp | 0.0% |
| SPSM | SPDR Portfolio S&P 600 Small Cap ETF | 43.6% | -26 bp | +0.1% |
| XJR | iShares ESG Screened S&P Small-Cap ETF | 43.4% | -17 bp | +0.4% |
| CSA | VictoryShares US Small Cap Volatility Wtd ETF | 42.5% | +6 bp | -0.3% |
| RSSL | Global X Russell 2000 ETF | 42.4% | -21 bp | -4.1% |
| CSF | VictoryShares US Discovery Enhanced Volatility Wtd ETF | 42.4% | +13 bp | -0.4% |
| IWN | iShares Russell 2000 Value ETF | 42.1% | -5 bp | -1.7% |
Risk and Returns: JPSE 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 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
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
JPSE
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™
JPSE
6.9%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. JPSE's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places JPSE in the 68th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
JPSESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| JPSE (29 bp) Percentile rank | 30 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| JPSE | 29.0 | 12.2 | 41.2 |
| Peer Avg. | 30.3 | 14.0 | 44.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .