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
376.4 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) | $376 |
| 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
| RELIANCE INDS-SPONS GDR 144A | 2.1 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 1.4 % |
| CHINA CONSTRUCTION BANK-H | 1.4 % |
| NASPERS LTD COMMON STOCK | 1.2 % |
| VALE SA | 1.1 % |
| INFOSYS TECHNOLOGIES LTD | 1.0 % |
| ANGLOGOLD ASHANTI PLC | 0.9 % |
| BANK OF CHINA LTD - H | 0.9 % |
| ITAU UNIBANCO HOLDING SA | 0.9 % |
| CHINATRUST FINANCIAL HOLDING | 0.7 % |
Constituent Breakdown
| Number of holdings | 570 |
| Herfindahl-Hirschman Index | 48 |
| Wgt avg mkt cap (mns) | $75,799 |
| Large cap (>$10bn) | 53.9% |
| Mid cap ($2-10bn) | 33.2% |
| Small cap (<$2bn) | 5.8% |
| Developed mkts. | 4.5% |
| Emerging mkts. | 91.7% |
Country Exposure
 |
CHINA | 16.6 % |
 |
TAIWAN | 10.8 % |
 |
INDIA | 10.4 % |
 |
BRAZIL | 10.0 % |
 |
MEXICO | 6.1 % |
 |
SOUTH AFRICA | 5.7 % |
 |
TURKEY | 5.3 % |
 |
MALAYSIA | 3.8 % |
 |
THAILAND | 3.3 % |
 |
UAE | 3.1 % |
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 | 17.1% | 17.1% | 7.8% | 7.2% | 2.1% | 4.1% | -- | 1.6% |
| Dividend Yield | 5.8% | 5.8% | 5.4% | 5.3% | 4.9% | 3.9% | -- | 3.7% |
| Total Returns | 22.9% | 22.9% | 13.2% | 12.5% | 6.9% | 7.9% | -- | 5.3% | Ann. Volatility | 12.1% | 12.1% | 12.1% | 11.8% | 13.4% | 17.3% | -- | 17.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.45 | 52% |
| MSCI EAFE | 0.62 | 71% |
| MSCI Emg Mkts | 0.62 | 82% |
Liquidity Measures
| Avg. volume (000) | 15 |
| ADV traded (mns) | $1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.23% |
Technical Indicators
| 30d moving avg. (EMA) | $60.49 |
| Relative strength (RSI) | 65 |
| MACD/Signal | 0.62/0.49 |
| Bollinger Bands (Upper/Lower) | $62.27/$59.02 |
| Short interest (% of AUM) | 1.2% |
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 |
|---|---|---|---|---|
| FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 30.2% | -5 bp | +14.1% |
| XC | WisdomTree Emerging Markets Ex-China Fund | 28.3% | -12 bp | +6.6% |
| PXH | Invesco FTSE RAFI Emerging Markets ETF | 28.1% | +5 bp | +14.1% |
| QEMM | SPDR MSCI Emerging Markets StrategicFactors ETF | 28.0% | -14 bp | +8.8% |
| MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 27.7% | +6 bp | +8.8% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 27.5% | +5 bp | +9.0% |
| ECON | Columbia Emerging Markets Consumer ETF | 27.1% | +5 bp | +8.2% |
| EELV | Invesco S&P Emerging Markets Low Volatility ETF | 26.8% | -15 bp | +9.0% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 26.8% | -20 bp | +6.6% |
| XCNY | SPDR S&P Emerging Markets ex-China ETF | 26.5% | -29 bp | +6.7% |
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
| 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
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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
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
JPEM
9.8%
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%. JPEM's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places JPEM in the 80th 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