JADE vs JEMA

JADECJPMorgan Active Developing Markets Equity ETF

JEMAAJPMorgan ActiveBuilders Emerging Markets Equity ETF

In short

JADE JPMorgan's stock-picker take on emerging markets: analysts pick roughly 140 names, and country bets come second. Priced at the middle of the active EM ETF pack.

JEMA Active emerging-markets management priced like an index fund: J.P. Morgan blends its own country, region and style EM strategies into one roughly 500-stock portfolio built to keep the MSCI EM index's sector and country risk shape.

Stated mandate

JADE The fund seeks long-term capital appreciation through a portfolio of equities tied economically to developing markets. It uses active security selection, emphasizing growth and value companies and businesses with sustainable earnings and disciplined capital management.

JEMA Seeks long-term capital appreciation through a portfolio of emerging-market equities.

Why people hold it

• JADE Bottom-up by design: security selection drives the portfolio, with country and sector calls secondary. Roughly 140 stocks, not a thousand-name index sleeve.prnewswire.com
• Runs 0.65%, dead-on the median for active EM equity ETFs. Active stock picking here does not carry an above-market toll.
• Managed by J.P. Morgan's Emerging Markets and Asia Pacific equity team, and measured against the MSCI Emerging Markets Index (net total return), the standard EM yardstick.prnewswire.com
• Lands in the upper half of our active EM equity group, with risk behavior that has been tamer than most of that cohort so far.

• JEMA 0.33% a year, about half the 0.65% median for active EM funds and level with the cheapest names in the group (AVEM, AVXC, AVSE).
• Not one manager's hunch: the portfolio stitches together a range of J.P. Morgan's actively managed EM strategies across countries, regions and styles.sec.gov
• Active tilts, benchmark shape. It overweights and underweights countries and sectors versus the MSCI EM index while aiming to hold similar sector and geographic risk.sec.gov
• A multi-billion-dollar fund that stands among the strongest implementations in the active EM group on cost and structure.

Worth knowing

• JADE Cheaper cousins exist: sibling JEMA and Dimensional's DFEM buy EM equities for about half the fee, though they lean systematic rather than analyst-picked.
• Launched in 2024, still a small fund and thinly traded, so spreads can run wider than the giant EM index funds and the track record is short.
• Concentrated conviction cuts both ways: with about 140 holdings, results can drift meaningfully from MSCI EM in either direction. Distributions come once or twice a year.

• JEMA Active means results ride on the adviser's calls, and the fund has only been trading since 2021, a short record for an EM strategy.sec.gov
• Full-market EM exposure runs hot: volatility screens as the softer part of the picture next to peers, the trade-off for staying in the whole asset class.
• Moderately traded rather than a tape giant, and cash comes back once or twice a year, not monthly.

Full JADE profile⁠

Full JEMA profile⁠