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Launched

JPMorgan Fundamental Data Science Mid Core ETF

MCDSNasdaqJ.P. MorganB

$67.35+1.15 (+1.73%)

At close: Nov 2, 2026, 4:00 PM ET

B64/ 100

Rank 8 of 47 in US Active Small/Mid-Cap

B64/100Rank 8 of 47inUS Active Small/Mid-Cap
Intraday session: up, 78 prints from 66.20 to 67.35. Range 67.35 to 67.95. Use the arrow keys to read each point.66.5067.0068.0010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$8M
1Y total return
+17.5%
Yield · Last 12 months
1.02%
Holdings
206
Avg volume · 30D
624 sh
52W range
low $55.63high $70.42
Launched

The ETF.net MCDS Grade

Based on 5 of 6 pillars

B

Score 64 out of 100

Category
US Active Small/Mid-Cap⁠
Rank
8 of 47
Six-pillar profile for MCDS. Scores out of 100: Cost 84, Risk 73, Mission not scored, Tradability 14, Holdings 75, Durability 59. Strongest: Cost (84). Weakest: Tradability (14). Based on 5 of 6 pillars.

Score 64 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A84 out of 100
    Rank 7 of 47

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A73 out of 100
    Rank 7 of 44

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F14 out of 100
    Rank 46 of 47

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A75 out of 100
    Rank 11 of 47

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B59 out of 100
    Rank 17 of 47

Our read on MCDS

ETF.net Research

In short

BThe mid-cap slice of J.P. Morgan's Fundamental Data Science suite: human analyst research run through a data-science screen, about 200 mid-caps, at roughly half the fee of the median active US equity ETF.

Stated mandate

The fund seeks long-term capital appreciation by investing primarily in mid-cap equity securities. Its approach combines fundamental research, data insights, and risk management to evaluate financial prospects and relative value.

Why people hold it

  • Costs 0.35% a year against a 0.65% median for active US equity ETFs. Active research at a fee closer to a smart-beta product.
  • The engine isn't a startup experiment: JPMorgan runs the same data-science process behind its Applied Data Science Value Fund and the stock sleeve of its Nasdaq Equity Premium Income ETF.jpmorgan.com
  • Spreads bets across roughly 200 mid-cap names, one of the better-diversified books among active US equity funds, so no single pick carries the portfolio.
  • Mid-caps are the neglected middle of the US market, and this is a dedicated core sleeve there rather than a large-cap fund that wanders down-cap.jpmorgan.com

Worth knowing

  • A small, thinly traded fund. Spreads can run wider than on household-name ETFs, which matters most for large or hurried orders.
  • Launched in 2024, so the live record is short. The data-science process has longer history elsewhere at the firm, but not in this wrapper.jpmorgan.com
  • Broad systematic peers such as DFAU (0.12%) and AVLC (0.15%) charge less. The gap is what active stock selection costs here.

MCDS Performance

Launched Aug 7, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
MCDS$11,751
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. MCDS $11,751. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MCDS. Periods over one year show the average yearly return.
PeriodMCDS
Year to date+15.4%
1 month+3.3%
3 months−0.4%
1 year+17.5%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MCDS
YearReturn barMCDS
2026 YTD+15.4%
2025+6.5%
2024+12.1%

Since listing, Aug 7, 2024

MCDS in the news

MCDS Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.02%Last 12 months
Payout per share
$0.68Last 12 months
Last payment
$0.19 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 9 payments from 2024 to 2026 YTD. Sep 24, 2024 $0.09; Dec 24, 2024 $0.27; Mar 25, 2025 $0.09; Jun 24, 2025 $0.17; Sep 23, 2025 $0.21; Dec 16, 2025 $0.25; Mar 24, 2026 $0.07; Jun 23, 2026 $0.17; Sep 22, 2026 $0.19. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 24, 2026$0.19
Jun 23, 2026Jun 25, 2026$0.17
Mar 24, 2026Mar 26, 2026$0.07
Dec 16, 2025Dec 18, 2025$0.25
Sep 23, 2025Sep 25, 2025$0.21
Jun 24, 2025Jun 26, 2025$0.17
Mar 25, 2025Mar 27, 2025$0.09
Dec 24, 2024Dec 27, 2024$0.27
Sep 24, 2024Sep 26, 2024$0.09

$10,000 in MCDS 1 year ago paid $118 in dividends.

MCDS Risk

Risk pillarA73 out of 100Rank 7 of 44 in US Active Small/Mid-Cap
How much the fund’s monthly returns vary, scaled to a year.
13.0%
Annualised · 26 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.59
vs 3-month T-bills · 26 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−22.5%
26 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.84
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

MCDS Cost

Compare MCDS and AVMC

Overpaying vs AVMC, cheapest in US Active Small/Mid-Cap

$3,377

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MCDS 0.35%

    $7,126

  • AVMC 0.18% Cheapest

    $3,749

$10,000
30 years

Cost over time

  • MCDS 0.35%
  • AVMC 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530MCDS $7,126AVMC $3,749

Year by year

YearMCDSAVMCOverpaying
10$634$328$306
20$2,454$1,281$1,173
30$7,126$3,749$3,377

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