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JPMorgan ActiveBuilders International Equity ETF

JIDA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 07 2021
Expense Ratio
0.25%
Type
Global Equities
Fund Owner
JPMorgan Chase
Volume (1m avg. daily)
$196,364
AUM
$31,078,733
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

NESN
Nestle SA
2.88%
NOVO B
Novo Nordisk - Ordinary Shares - Class B
2.82%
ASML
ASML Holding NV
2.17%
MC
Lvmh Moet Hennessy Vuitton SE
2.09%
SHEL
Shell Plc
1.93%
TTE
TotalEnergies SE
1.74%
BHP
BHP Group Limited
1.64%
AZN
Astrazeneca plc
1.54%
ROG
Roche Holding AG
1.49%
ALV
Allianz SE - Registered Shares
1.46%
Invest with JIDA

What is JIDA?

Under normal conditions, the Fund will invest at least 80% ofthe value of its Assets in international equity securities and equity-related instruments. Assets means net assets, plus the amount of borrowings for investment purposes. The Fund will primarily invest in foreign companies of various market capitalizations, including foreign subsidiaries of U.S. companies.The Fund s investments represent allocations to a variety of the adviser s actively managed international equity strategies,including country, region and style strategies, among others.The adviser selects the strategies utilized in the portfolio basedon risk/return analyses and relative value considerations. The Fund will overweight or underweight countries and sectors relative to the MSCI EAFE Index (net of foreign withholding taxes). The Benchmark is an equity index which captures large and mid cap representation across Developed Markets countries around the world, excluding the US and Canada. The Fund may, however, invest in countries, sectors and securities that are not included in the Benchmark. In implementing its strategy, the Fund seeks to construct a portfolio of holdings that will outperform the Benchmark overtime while maintaining similar risk characteristics, including sector and geographic risks; in doing so, the Fund may increasethe relative emphasis of its investments in a particular sector orcountry.The equity securities and equity-related instruments in which the Fund may invest include, but are not limited to, commonstock and other instruments that provide economic exposure toone or more equity securities, such as depositary receipts.The Fund will invest primarily in the securities of large cap market capitalization companies, although the Fund may alsoinvest in mid cap securities.

ETFs related toJIDA

ETFs correlated to JIDA include BKIE, EFA, BBIN

JIDA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan ActiveBuilders International Equity ETF
BKIE
BNY Mellon ETF Trust - BNY Mellon International Equity ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
BBIN
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders International Equity ETF
DFAI
Dimensional ETF Trust - Dimensional International Core Equity Market ETF
SCHF
Schwab Strategic Trust - Schwab International Equity ETF
ESGD
iShares Trust - iShares Trust iShares ESG Aware MSCI EAFE ETF
GSID
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta International Equity ETF
IEFA
BlackRock Institutional Trust Company N.A. - iShares Core MSCI EAFE ETF
IDEV
iShares Trust - iShares Core MSCI International Developed Markets ETF
GSIE
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta International Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toJIDA

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with JIDA using Composer

FAQ

JIDA is a Global Equities ETF. Under normal conditions, the Fund will invest at least 80% ofthe value of its Assets in international equity securities and equity-related instruments. Assets means net assets, plus the amount of borrowings for investment purposes. The Fund will primarily invest in foreign companies of various market capitalizations, including foreign subsidiaries of U.S. companies.The Fund s investments represent allocations to a variety of the adviser s actively managed international equity strategies,including country, region and style strategies, among others.The adviser selects the strategies utilized in the portfolio basedon risk/return analyses and relative value considerations. The Fund will overweight or underweight countries and sectors relative to the MSCI EAFE Index (net of foreign withholding taxes). The Benchmark is an equity index which captures large and mid cap representation across Developed Markets countries around the world, excluding the US and Canada. The Fund may, however, invest in countries, sectors and securities that are not included in the Benchmark. In implementing its strategy, the Fund seeks to construct a portfolio of holdings that will outperform the Benchmark overtime while maintaining similar risk characteristics, including sector and geographic risks; in doing so, the Fund may increasethe relative emphasis of its investments in a particular sector orcountry.The equity securities and equity-related instruments in which the Fund may invest include, but are not limited to, commonstock and other instruments that provide economic exposure toone or more equity securities, such as depositary receipts.The Fund will invest primarily in the securities of large cap market capitalization companies, although the Fund may alsoinvest in mid cap securities.

Yes, JIDA is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, JIDA is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on JIDA is 0.0019%. This is the percent change in the value of JIDA over the most recent 1-month period. The 3-month return on JIDA is -0.0128%. This is the percent change in the value of JIDA over the most recent 3-month period.

The standard deviation of JIDA for the past year is 0.1695%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to JIDA include EZU, VEA, and EEM.

ETFs correlated to JIDA include BKIE, EFA, and BBIN.

ETFs that are inversely correlated to JIDA include EFZ, EPV, and SH.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.