AADR vs JIRE

AADRDAdvisorShares Dorsey Wright

JIREAJPMorgan International Research Enhanced Equity ETF

In short

AADR Most international funds buy the whole market and sit still. AADR runs a Dorsey Wright relative-strength playbook instead: rank stocks on momentum, hold about 40 of the leaders, and rotate out of the laggards.

JIRE EAFE core with a stock-picker's fingerprints. JIRE holds sector and geographic risk close to the MSCI EAFE Index and expresses J.P. Morgan's global analyst calls as small over- and underweights, for 0.29% a year, below the typical active international fee.

Stated mandate

AADR The Fund seeks long-term capital appreciation above international benchmarks such as the MSCI EAFE Index.

JIRE JIRE seeks long-term capital appreciation by investing primarily in foreign developed-market companies. It uses global fundamental research and seeks to outperform the MSCI EAFE Index while maintaining similar sector and geographic risk characteristics.

Why people hold it

• AADR The momentum bet is the product, not a tilt. Its relative-strength screen is openly advertised, and the stated goal is capital appreciation above international benchmarks like the MSCI EAFE Index.advisorshares.com
• Concentrated on purpose: roughly 40 names spanning developed and emerging markets, so individual picks carry real weight instead of getting diluted across hundreds of positions.
• Live since 2010, giving the relative-strength approach a long public record across several very different international market cycles. Distributions come quarterly.

• JIRE Index-like by design: sector and geographic risk stay close to MSCI EAFE, so stock-level tilts from J.P. Morgan's worldwide research bench do the work.jpmorgan.com
• 0.29% a year, below the median fee in its active international category, and no waiver is propping that up, so there is no expiry date to watch.
• Risk spread wide: roughly 200 stocks across developed markets outside North America, inside a multi-billion-dollar fund.
• Rates as one of the stronger implementations in the active international equity group.

Worth knowing

• AADR At 1.17% a year, it costs roughly double the typical active international equity fund, and index-flavored peers like AVDE and DFIC charge a small fraction of that.
• A small fund that trades thinly, so bid-ask spreads can run wider than the category's heavyweights.
• Momentum leadership rotates. A concentrated book chasing relative strength can turn over often and move very differently from broad EAFE exposure in either direction.

• JIRE Hugging the benchmark cuts both ways: differences from EAFE come in small slices from stock selection, not bold sector or country bets.
• Cheaper shelf-mates exist: DFIC at 0.22% and AVDE at 0.23%, plus TACN at 0.20% gross but 0% net of a waiver through January 30, 2027.
• Developed-market holdings are priced in foreign currencies, so moves in the dollar ride along with the stock results.jpmorgan.com

Full AADR profile⁠

Full JIRE profile⁠