JPUS
JPMorgan Diversified Return U.S. Equity ETF
The JPMorgan Diversified Return U.S. Equity ETF tracks an index of large-cap US stocks selected from the Russell 1000 using relative value, momentum, quality factors and weighted inversely by volatility by sectors and within each sector.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
432.3 M
ASSETS UNDER MGMT
18 bp
EXPENSES
Fund Basics
| Fund sponsor | JPMorgan |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 29, 2015 |
| Assets (mns) | $432 |
| Expense ratio | 18 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| 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
| FIRST CITIZENS BCSHS -CL A | 0.5 % |
| JONES LANG LASALLE INC | 0.5 % |
| DR HORTON INC | 0.5 % |
| TOLL BROTHERS INC | 0.5 % |
| ALTRIA GROUP INC | 0.4 % |
| PULTE HOMES INC | 0.4 % |
| AMGEN INC | 0.4 % |
| H&R BLOCK INC | 0.4 % |
| BUNGE GLOBAL SA | 0.4 % |
| TARGA RESOURCES CORP | 0.4 % |
Constituent Breakdown
| Number of holdings | 370 |
| Herfindahl-Hirschman Index | 33 |
| Wgt avg mkt cap (mns) | $104,807 |
| Large cap (>$10bn) | 86.6% |
| Mid cap ($2-10bn) | 13.1% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.2% |
Country Exposure
 |
UNITED STATES | 96.1 % |
 |
IRELAND | 1.2 % |
 |
BERMUDA | 0.7 % |
 |
SWITZERLAND | 0.7 % |
 |
BRITAIN | 0.7 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 21.5% | 28.2% | 14.1% | 9.9% | 12.1% | -- | 12.3% | Volatility | 10.6% | 11.0% | 12.7% | 15.3% | 20.4% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.89 | 85% |
| MSCI EAFE | 0.86 | 79% |
| MSCI Emg Mkts | 0.60 | 37% |
Liquidity Measures
| Avg. volume (000) | 10 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $142,516 |
Technical Indicators
| Recent close | $115.29 |
| 30d moving avg. | $121.39 |
| Annualized volatility | 16.9% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 2.4% |
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. JPUS |
Expenses vs. JPUS |
ALTAR Score™ vs. JPUS |
|---|---|---|---|---|
| JPME | JPMorgan Diversified Return U.S. Mid Cap Equity ETF | 60.3% | +6 bp | +0.1% |
| CFA | VictoryShares US 500 Volatility Wtd ETF | 47.9% | +17 bp | -1.7% |
| DEUS | Xtrackers Russell US Multifactor ETF | 47.8% | -1 bp | -0.3% |
| CFO | VictoryShares US 500 Enhanced Volatility Wtd ETF | 47.8% | +22 bp | -1.8% |
| SSPY | Syntax Stratified LargeCap ETF | 45.6% | +12 bp | -1.1% |
| GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 44.5% | -9 bp | -1.6% |
| FEX | First Trust Large Cap Core AlphaDEX Fund | 43.6% | +41 bp | -1.7% |
| ROUS | Hartford Multifactor US Equity ETF | 42.8% | +1 bp | -0.8% |
| RSP | Invesco S&P 500 Equal Weight ETF | 41.8% | +2 bp | -1.3% |
| EQAL | Invesco Russell 1000 Equal Weight ETF | 41.5% | +2 bp | -1.0% |
Risk and Returns: JPUS 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
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
JPUS
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™
JPUS
7.6%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. JPUS's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places JPUS in the 78th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
JPUSSELL
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 |
| JPUS (18 bp) Percentile rank | 19 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| JPUS | 18.0 | 6.5 | 24.5 |
| Peer Avg. | 30.3 | 14.0 | 44.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .