JQUA
JPMorgan U.S. Quality Factor ETF
JQUA tracks an index of US large-cap equities that are selected and weighted by three quality factors: profitability, quality of earnings, and solvency. lf
US
EQUITY
Rules-Based
MANAGEMENT STYLE
4.6 B
ASSETS UNDER MGMT
12 bp
EXPENSES
Fund Basics
| Fund sponsor | JPMorgan |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 08, 2017 |
| Assets (mns) | $4,594 |
| Expense ratio | 12 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| BERKSHIRE HATHAWAY INC-CL B | 2.1 % |
| APPLE INC | 2.0 % |
| MICROSOFT CORP | 1.9 % |
| ALPHABET INC. CLASS A | 1.9 % |
| META PLATFORMS INC | 1.8 % |
| EXXON MOBIL CORP | 1.8 % |
| NVIDIA CORP | 1.7 % |
| BROADCOM INC. | 1.7 % |
| VISA INC. CLASS A | 1.6 % |
| JOHNSON & JOHNSON | 1.6 % |
Constituent Breakdown
| Number of holdings | 282 |
| Herfindahl-Hirschman Index | 76 |
| Wgt avg mkt cap (mns) | $365,660 |
| Large cap (>$10bn) | 93.9% |
| Mid cap ($2-10bn) | 6.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.2 % |
 |
IRELAND | 1.4 % |
 |
BRITAIN | 1.0 % |
 |
SWITZERLAND | 0.5 % |
Historical Performance
Standardized Performance (as of 08/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 17.2% | 25.1% | 22.6% | 10.6% | 15.7% | -- | 14.0% | Volatility | 11.0% | 11.0% | 15.7% | 16.1% | 20.0% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.92 | 96% |
| MSCI EAFE | 0.83 | 75% |
| MSCI Emg Mkts | 0.63 | 42% |
Liquidity Measures
| Avg. volume (000) | 332 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $127,329 |
Technical Indicators
| Recent close | $53.73 |
| 30d moving avg. | $54.48 |
| Annualized volatility | 16.8% |
| Relative strength (RSI) | 58 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 1.9% |
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. JQUA |
Expenses vs. JQUA |
ALTAR Score™ vs. JQUA |
|---|---|---|---|---|
| QUS | SPDR MSCI USA StrategicFactors ETF | 50.2% | +3 bp | -0.2% |
| JMOM | JPMorgan U.S. Momentum Factor ETF | 49.1% | 0 bp | -1.2% |
| FQAL | Fidelity Quality Factor ETF | 48.1% | +3 bp | 0.0% |
| ACVF | American Conservative Values ETF | 47.9% | +63 bp | -1.6% |
| OALC | OneAscent Large Cap Core ETF | 47.2% | +74 bp | -1.4% |
| PFM | Invesco Dividend Achievers ETF | 46.8% | +41 bp | -0.6% |
| GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 45.9% | -3 bp | -0.3% |
| QARP | Xtrackers Russell 1000 US Quality at a Reasonable Price ETF | 45.9% | +7 bp | +0.4% |
| ROUS | Hartford Multifactor US Equity ETF | 45.8% | +7 bp | +0.9% |
| OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 45.6% | +17 bp | -1.6% |
Risk and Returns: JQUA 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 9/6/2024
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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
JQUA
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™
JQUA
6.0%
Cat. Avg
5.8%
ALTAR Score™ Calculation
Category Overview
There are 920 funds in the US Equity category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.5%. JQUA's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places JQUA in the 54th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
JQUASELL
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 |
| JQUA (12 bp) Percentile rank | 14 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| JQUA | 12.0 | 4.6 | 16.6 |
| Peer Avg. | 30.0 | 13.8 | 43.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .