Skip to content
etf.net

IVSX vs JIRE

Applied Finance IVS International SMID ETF

IVSXDNasdaq

JPMorgan International Research Enhanced Equity ETF

JIREANYSE Arca

Overlap

Expense ratio

JIRE −0.46pt a year

IVSX0.75%JIRE0.29%

Avg volume · 30D

JIRE 737.3×the volume

IVSX559JIRE412K

IVSX vs JIRE Performance

Jul 31, 2026 – Oct 30, 2026

+2.2%IVSX−2.3%JIRE

Jul 31, 2026 to Oct 30, 2026. IVSX +2.2%. JIRE −2.3%. Use the arrow keys to read each point.0%4%Jul 2026Sep 2026Oct 2026
Expense ratio
IVSX 0.75%
JIRE 0.29%, better
Fund size
IVSX $5M
JIRE $10.9B
1Y total return
IVSX No data
JIRE +13.0%
Yield (12M)
IVSX No data
JIRE 2.75%
Holdings
IVSX 257
JIRE 213
Avg volume (30D)
IVSX 559 sh
JIRE 412K sh, better
NAV per share
IVSX $25.71
JIRE $81.40
52W range

ETF.net Grade

IVSX: Cost 25, Risk 43, Mission not scored, Tradability 33, Holdings not scored, Durability 25. JIRE: Cost 94, Risk 58, Mission not scored, Tradability 73, Holdings 71, Durability 93.
Pillar letters and Scores for IVSX, JIRE, with each pillar’s weight
PillarIVSXJIRE
Cost30% weightD25A94Higher
Mission25% weightNot scoredNot scored
Risk15% weightC43B58Higher
Tradability15% weightD33A73Higher
Holdings10% weightNot scoredA71
Durability5% weightD25A93Higher

Rank among International Active Equity funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. IVSX and JIRE are both graded against the same 55 International Active Equity funds, so their Grades compare head to head.

International Active Equity⁠

Category · 55 funds
See all 55 ›

JIRE ranks 3rd and IVSX 48th of 55 funds in the International Active Equity Category.

  1. Rank 1AAVDEAvantis International Equity ETFScore 87
  2. Rank 1ADFICDimensional International Core Equity 2 ETFScore 87
  3. Rank 3AJIREJPMorgan International Research Enhanced Equity ETFScore 79
  4. Rank 4AAVDSAvantis International Small Cap Equity ETFScore 78
  5. Rank 46DSSXUDay Hagan Smart Sector International ETFScore 31
  6. Rank 48DIVSXApplied Finance IVS International SMID ETFScore 30
  7. Rank 49DEPINHarbor International Equity ETF (EPIN)Score 28

Our read on each fund

ETF.net Research

IVSXDApplied Finance IVS International SMID ETF

JIREAJPMorgan International Research Enhanced Equity ETF

In short

IVSX Applied Finance aims its intrinsic-value engine at a corner most international funds skim past: small and mid-cap companies listed overseas. A boutique valuation shop's process, wrapped in a 2026-launch ETF.

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

IVSX Seeks to invest at least 80% of its net assets in equity securities of small- to mid-capitalization (SMID) companies.

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

  • IVSX Built on Applied Finance's Economic Margin work, which values a company using a firm-specific profit horizon instead of the perpetuity assumptions baked into standard DCF math.appliedfinance.comappliedfinance.com 2
  • The mandate is specific: at least 80% of net assets in small- and mid-cap equities. You get the SMID exposure named on the tin, not quiet drift into familiar large caps.
  • Ordinary 1940 Act fund structure, the same plumbing as a mainstream index ETF, so there is no exotic wrapper to decode before you look at the holdings.
  • 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

  • IVSX The 0.75% fee sits above the middle of its active international peer group, and rules-based foreign small-cap options run cheaper (AVDS charges 0.30%). That is the toll for stock picking.
  • It started trading in 2026, so there is little live history behind the process in this sleeve, and risk readings rest on a short record.
  • A small asset base and light trading mean spreads can widen at the wrong moment, and funds that stay subscale are the ones issuers tend to close.
  • 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 IVSX profile⁠

Full JIRE profile⁠

IVSX vs JIRE Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IVSX vs JIRE Cost

Overpaying IVSX vs JIRE

$8,530

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

  • IVSX 0.75%

    $14,482

  • JIRE 0.29%

    $5,952

$10,000
30 years

Cost over time

  • IVSX 0.75%
  • JIRE 0.29%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530IVSX $14,482JIRE $5,952

Year by year

YearIVSXJIREOverpaying
10$1,336$527$809
20$5,078$2,044$3,034
30$14,482$5,952$8,530

Expense ratio

  • 0.75%IVSX
  • 0.29%JIRE, cheaper
  • Middle half of International Active Equity funds
  • Median 0.55%

JIRE 5th cheapest of 55 funds

IVSX 41st cheapest of 55 funds

IVSX vs JIRE Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
IVSX No data
JIRE 2.75%
Payout (12M)
IVSX None
JIRE $2.24
Last payment
IVSX No data
JIRE $2.24
Ex-dividend
IVSX No data
JIRE Dec 16, 2025
Paid on
IVSX No data
JIRE Dec 18, 2025
Frequency
IVSX No data
JIRE Annual

Distribution history

Per share, 2022 to 2026, same scale for both

IVSXAll IVSX payments⁠

No distribution history available.

JIREAnnual · 4 paymentsAll JIRE payments⁠
One bar per payment. 4 payments from 2022 to 2026 YTD. Dec 20, 2022 $1.31; Dec 19, 2023 $1.60; Dec 24, 2024 $1.77; Dec 16, 2025 $2.24. Use the arrow keys to read each point.$0$2.5020232026YTD

IVSX vs JIRE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
IVSX No dataJIRE 11.8%
Return per unit of riskSharpe ratio, 3 years
IVSX No dataJIRE 1.15
Worst fallMax drawdown, 5 years
IVSX No dataJIRE −16.1%since Jun 2022
Market sensitivityBeta, 5 years
IVSX 0.76JIRE 0.81

IVSX and JIRE in the news

All news⁠

Popular comparisons

  • IVSXDvsAVDEA

    Applied Finance IVS International SMID ETF · Avantis International Equity ETF

    Expense ratio
    0.75% · 0.23%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • JIREAvsAVDEA

    JPMorgan International Research Enhanced Equity ETF · Avantis International Equity ETF

    Expense ratio
    0.29% · 0.23%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • IVSXDvsDFICA

    Applied Finance IVS International SMID ETF · Dimensional International Core Equity 2 ETF

    Expense ratio
    0.75% · 0.22%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • JIREAvsDFICA

    JPMorgan International Research Enhanced Equity ETF · Dimensional International Core Equity 2 ETF

    Expense ratio
    0.29% · 0.22%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • IVSXDvsAVDSA

    Applied Finance IVS International SMID ETF · Avantis International Small Cap Equity ETF

    Expense ratio
    0.75% · 0.30%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • JIREAvsAVDSA

    JPMorgan International Research Enhanced Equity ETF · Avantis International Small Cap Equity ETF

    Expense ratio
    0.29% · 0.30%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.