JEMA
JPMorgan ActiveBuilders Emerging Markets Equity ETF
JEMA is an actively-managed fund utilizing emerging market equity strategies across countries, regions, styles, and market capitalizations.
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
1.4 B
ASSETS UNDER MGMT
33 bp
EXPENSES
Fund Basics
| Fund sponsor | JPMorgan Chase |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 10, 2021 |
| Assets (mns) | $1,364 |
| Expense ratio | 33 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
| TAIWAN SEMICONDUCTOR MANUFAC | 12.2 % |
| TENCENT HOLDINGS LTD | 5.8 % |
| SAMSUNG ELECTRONICS CO LTD | 5.1 % |
| HYNIX SEMICONDUCTOR INC | 2.7 % |
| ALIBABA GROUP HOLDING LTD. | 2.4 % |
| RELIANCE INDS-SPONS GDR 144A | 2.3 % |
| PING AN INSURANCE GROUP CO-H | 1.1 % |
| NETEASE, INC | 1.1 % |
| DELTA ELECTRONICS INC | 1.1 % |
| HDFC BANK LTD-ADR | 1.0 % |
Constituent Breakdown
| Number of holdings | 537 |
| Herfindahl-Hirschman Index | 281 |
| Wgt avg mkt cap (mns) | $286,491 |
| Large cap (>$10bn) | 90.3% |
| Mid cap ($2-10bn) | 15.6% |
| Small cap (<$2bn) | 2.0% |
| Developed mkts. | 6.7% |
| Emerging mkts. | 102.8% |
Country Exposure
 |
CHINA | 25.1 % |
 |
TAIWAN | 21.1 % |
 |
SOUTH KOREA | 13.9 % |
 |
INDIA | 13.0 % |
 |
BRAZIL | 4.4 % |
 |
SOUTH AFRICA | 2.6 % |
 |
MEXICO | 2.2 % |
 |
HONG KONG | 1.7 % |
 |
INDONESIA | 1.4 % |
 |
SAUDI ARABIA | 1.2 % |
Historical Performance
Standardized Performance (as of 12/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 31.0% | 31.0% | 16.3% | 12.9% | -- | -- | -- | -0.3% |
| Dividend Yield | 3.9% | 3.9% | 3.1% | 3.2% | -- | -- | -- | 2.6% |
| Total Returns | 34.9% | 34.9% | 19.4% | 16.1% | -- | -- | -- | 2.4% | Ann. Volatility | 18.6% | 18.6% | 17.4% | 16.8% | -- | -- | -- | 18.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.76 | 63% |
| MSCI EAFE | 0.93 | 68% |
| MSCI Emg Mkts | 1.04 | 96% |
Liquidity Measures
| Avg. volume (000) | 165 |
| ADV traded (mns) | $8 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.16% |
Technical Indicators
| 30d moving avg. (EMA) | $49.19 |
| Relative strength (RSI) | 65 |
| MACD/Signal | 0.80/0.57 |
| Bollinger Bands (Upper/Lower) | $51.69/$46.72 |
| Short interest (% of AUM) | 0.1% |
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. JEMA |
Expenses vs. JEMA |
ALTAR Score™ vs. JEMA |
|---|---|---|---|---|
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 58.3% | +33 bp | +8.7% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 57.1% | -3 bp | +9.5% |
| JADE | JPMorgan Active Developing Markets Equity ETF | 56.9% | +32 bp | +7.8% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 56.5% | -18 bp | +9.4% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 56.4% | -22 bp | +9.2% |
| EEM | iShares MSCI Emerging Markets ETF | 56.3% | +36 bp | +9.2% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 55.5% | +3 bp | +9.0% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 53.8% | -18 bp | +9.2% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 53.7% | -14 bp | +8.6% |
| GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 53.1% | +12 bp | +9.2% |
Risk and Returns: JEMA 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 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 1/11/2026
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
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™
JEMA
8.4%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 136 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
2.5%. JEMA's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places JEMA in the 59th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
JEMASELL
U/W
HOLD
O/W
BUY