IMOM vs JIRE

IMOMCAlpha Architect International Quantitative Momentum ETF

JIREAJPMorgan International Research Enhanced Equity ETF

In short

IMOM Not a watered-down momentum tilt. IMOM holds roughly 50 international stocks with the strongest momentum and skips everything else, a rules-based quant playbook Alpha Architect has run since 2015 for 0.38% a year.

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

IMOM The fund seeks potential excess returns by maintaining consistent exposure to the strongest momentum stocks in international markets.

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

• IMOM Concentration is the point: about 50 international names picked purely on momentum, not a broad index with a momentum tilt bolted on top.
• At 0.38% a year, it undercuts the typical active international fund in its group, where the median fee runs 0.60%.
• Live since December 2015 on the same momentum rules, through several full international market cycles.
• Stands in the upper half of its active international peer group, a solid showing for a strategy this specialized.

• 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

• IMOM Shares trade thinly, so on a single trade the bid-ask spread can cost more than a full year of the expense ratio.
• Roughly 50 stocks means results can diverge widely from broad international indexes in either direction, and momentum can turn quickly.
• Cheaper, broader peers exist in the group (AVDE at 0.23%, DFIC at 0.22%), but they own the market; IMOM buys one factor.

• 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 IMOM profile⁠

Full JIRE profile⁠