IVSI vs JIRE

IVSICApplied Finance IVS International Large ETF

JIREAJPMorgan International Research Enhanced Equity ETF

In short

IVSI A December 2025 arrival: Applied Finance picking large caps in developed markets outside the US, no index to shadow. Everything here is early days, from the track record to the asset base.

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

IVSI The Fund seeks long-term 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

• IVSI Simple mandate, plainly stated: long-term capital appreciation from developed markets outside the US, run actively rather than tracking a declared index.
• Standard 1940 Act stock-fund wrapper, no leverage sleeve or structural quirks flagged in the filings.
• At 0.65% a year, the fee sits close to what actively managed international ETFs typically charge, not at a boutique premium.

• 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

• IVSI That 0.65% is roughly triple what broad systematic rivals charge (AVDE at 0.23%, DFIC at 0.22%), so the stock selection carries the whole cost gap.
• Launched in December 2025, so there is no long record to judge and the risk picture rests on a very short history.
• Small and thinly traded so far, which tends to mean wider spreads and more slippage between the price on screen and the basket underneath.

• 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 IVSI profile⁠

Full JIRE profile⁠