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
Rules-Based, Semi-Diverse
MANAGEMENT MATRIX
CLOSEST COMP
FACTOR SCORECARD
SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
- Description
- Performance
- Flows
- Comps +
- Fundamentals +
- Valuation +
- Ratings +
Fund Basics
| Fund sponsor | JPMorgan |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 08, 2017 |
| Assets (mns) | $3,720 |
| 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
| NVIDIA CORP | 3.1 % |
| META PLATFORMS INC | 2.7 % |
| BROADCOM INC. | 2.5 % |
| ELI LILLY & CO | 2.4 % |
| MICROSOFT CORP | 2.0 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.9 % |
| VISA INC. CLASS A | 1.9 % |
| ALPHABET INC. CLASS A | 1.8 % |
| MASTERCARD INCORPORATED CLASS A | 1.7 % |
| HOME DEPOT INC | 1.7 % |
Constituent Breakdown
| Number of holdings | 244 |
| Herfindahl-Hirschman Index | 92 |
| Wgt avg mkt cap (mns) | $375,983 |
| Large cap (>$10bn) | 94.4% |
| Mid cap ($2-10bn) | 5.5% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 | UNITED STATES | 96.1 % |
 | IRELAND | 1.5 % |
 | BRITAIN | 1.3 % |
Historical Performance
–
Standardized Annual Returns (as of 02/29/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 0.0% | 22.4% | 9.5% | 11.6% | 13.3% | -- | 12.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 100% |
| MSCI EAFE | 0.87 | 79% |
| MSCI Emg Mkts | 0.60 | 40% |
Liquidity Measures
| Avg. volume (000) | 610 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $166,868 |
Technical Indicators
| Recent close | $51.99 |
| 30d moving avg. | $45.51 |
| Annualized volatility | 16.9% |
| Relative strength (RSI) | 83 |
| Short interest (ETF) | 0.1% |
| 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 |
|---|---|---|---|---|
| FQAL | Fidelity Quality Factor ETF | 53.2% | +3 bp | +0.2% |
| QUS | SPDR MSCI USA StrategicFactors ETF | 53.0% | +3 bp | +0.4% |
| ACVF | American Conservative Values ETF | 50.5% | +63 bp | -1.2% |
| JMOM | JPMorgan U.S. Momentum Factor ETF | 49.0% | 0 bp | -0.8% |
| FLQL | Franklin LibertyQ U.S. Equity ETF | 48.9% | +3 bp | +0.3% |
| ROUS | Hartford Multifactor US Equity ETF | 48.0% | +7 bp | +0.8% |
| USCA | Xtrackers MSCI USA Climate Action Equity ETF | 47.6% | -5 bp | -0.5% |
| GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 47.4% | -3 bp | +0.1% |
| PALC | Pacer Lunt Large Cap Multi-Factor Alternator ETF | 47.3% | +48 bp | +0.3% |
| JCTR | JPMorgan Carbon Transition U.S. Equity ETF | 47.2% | +3 bp | -0.8% |
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 3/18/2024
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
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
JQUA
5.5%
Cat. Avg
5.8%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.5% |
Recommendation
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.
Category Overview
There are 876 funds in the US Equities category, with an average ALTAR Score™ of 5.8% and a standard deviation of 2.8%. JQUA's ALTAR Score™ is approximately 0.1 standard deviations below the category average. This places JQUA in the 45th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
JQUA
Peer Average
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U/W
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O/W
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Recent Trends
Breakdown
Market Activity
| Latest price | |
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Today's Trading
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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. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.
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