INEQ vs JIRE

INEQBColumbia International Equity Income ETF

JIREAJPMorgan International Research Enhanced Equity ETF

In short

INEQ Columbia's active take on investing abroad for a paycheck and growth at the same time. It has been running since 2016 and charges less than the typical active international stock fund.

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

INEQ The Fund seeks total return through both current income and capital appreciation.

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

• INEQ Costs 0.45% a year, under the 0.60% median for active international equity ETFs. Below-average toll for an overseas stock picker.
• The mandate is written down: total return from current income and capital appreciation. Income is half the job, not the whole job.
• Distributes quarterly and has been on the tape since 2016, a real track record for an active international fund.
• Rates in the upper tier of its active international peer group on our review, with no structural red flags in how it is built.

• 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

• INEQ Thinly traded. Spreads can run wider than on the category's giants, and bigger orders may take patience to fill.
• A small fund by category standards, which matters for both trading friction and long-run staying power.
• Broad international rivals such as AVDE, DFIC and JIRE charge roughly half the fee, so the active income tilt has to earn its keep.

• 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 INEQ profile⁠

Full JIRE profile⁠