JIRE vs PIEQ: Grades, Fees and Holdings Compared

JPMorgan International Research Enhanced Equity ETF

JIREANYSE Arca

Principal International Equity ETF

PIEQBCboe

Overlap

4.5%by weight

Expense ratio

JIRE −0.19pt a year

JIRE0.29%PIEQ0.48%

Avg volume · 30D

JIRE 9.5×the volume

JIRE406KPIEQ42.8K

JIRE vs PIEQ Performance

Nov 7, 2025 – Nov 9, 2026

+14.8%JIRE+15.6%PIEQ

Expense ratio: JIRE 0.29%, better; PIEQ 0.48%
Fund size: JIRE $10.9B; PIEQ $1.3B
1Y total return: JIRE +14.8%; PIEQ +15.6%, better
Yield (12M): JIRE 2.70%, better; PIEQ 1.18%
Holdings: JIRE 217; PIEQ 39
Avg volume (30D): JIRE 406K sh, better; PIEQ 42.8K sh
NAV per share: JIRE $80.29; PIEQ $34.95
52W range

ETF.net Grade

Pillar letters and Scores for JIRE, PIEQ, with each pillar’s weight
Pillar	JIRE	PIEQ
Cost30% weight	A94Higher	A71
Mission25% weight	Not scored	Not scored
Risk15% weight	B55	B62Higher
Tradability15% weight	A71Higher	B60
Holdings10% weight	B69Higher	C42
Durability5% weight	A93Higher	B66

Rank among International Active Equity funds

How we build Categories ›

Same Category. JIRE and PIEQ 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 PIEQ 19th of 55 funds in the International Active Equity Category.

Rank 1AAVDEAvantis International Equity ETFScore 88
Rank 2ADFICDimensional International Core Equity 2 ETFScore 87
Rank 3AAVDSAvantis International Small Cap Equity ETFScore 77
Rank 3AJIREJPMorgan International Research Enhanced Equity ETFScore 77
Rank 3ATACNT. Rowe Price Active Core International Equity ETFScore 77
Rank 18BPQNTPictet AI Enhanced International Equity ETFScore 63
Rank 19BPIEQPrincipal International Equity ETFScore 62
Rank 20BCGICCapital Group International Core Equity ETFScore 61

Our read on each fund

ETF.net Research

JIREAJPMorgan International Research Enhanced Equity ETF

PIEQBPrincipal International Equity ETF

In short

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.

PIEQ No data

Stated mandate

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.

PIEQ No data

Why people hold it

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.

PIEQ No data

Worth knowing

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

PIEQ No data

Full JIRE profile⁠

Full PIEQ profile⁠

JIRE vs PIEQ Holdings

How JIRE and PIEQ differ

Overlap by weight

4.5%

Shared holdings make up 25.4% of PIEQ and 4.5% of JIRE.

Level by level

Holdings9 in both4.5%
Countryby domicile46.1%
Sector12 Sectors79.9%
Asset classStocks100%

Sector

Sector weights in JIRE and PIEQ, widest gap first
Sector	Gap	JIRE	PIEQ
Industrials	JIRE +9.6 points	16.6%	7.0%
Financials	JIRE +5.8 points	26.6%	20.8%
Health Care	PIEQ +5.5 points	11.3%	16.8%
Technology	PIEQ +4.8 points	11.2%	16.0%
Communication	PIEQ +4.0 points	5.0%	9.0%
Consumer Staples	JIRE +3.0 points	7.1%	4.1%
Consumer Discretionary	PIEQ +2.7 points	8.3%	11.0%
Energy	PIEQ +1.9 points	3.9%	5.8%
Utilities	JIRE +1.1 points	4.3%	3.2%
Real Estate	JIRE +0.7 points	0.7%	0.0%
Materials	PIEQ +0.6 points	5.1%	5.7%
Government	PIEQ +0.5 points	0.0%	0.5%

Country, concentration and asset class

Country by domicile

Country weights in JIRE and PIEQ, widest gap first
Country	Gap	JIRE	PIEQ
Japan	JIRE +12.2 points	23.6%	11.3%
United States	PIEQ +10.0 points	1.5%	11.5%
Canada	PIEQ +8.6 points	0.0%	8.6%
Germany	JIRE +8.5 points	11.0%	2.5%
China	PIEQ +8.3 points	0.1%	8.3%
Switzerland	JIRE +8.0 points	8.0%	0.0%
France	JIRE +5.9 points	11.2%	5.3%
Taiwan	PIEQ +5.9 points	0.0%	5.9%
Other countries (16)	PIEQ +1.9 points	44.5%	46.4%

Outside the US: JIRE 100% developed, 0% emerging. PIEQ 75% developed, 25% emerging.

Concentration

Weight in the 10 largest Holdings

JIRE16.7%
PIEQ45.0%

Securities held

JIRE208
PIEQ36

Asset class

JIRE: Stocks
PIEQ: Stocks

Holdings

Only in JIRE199
In both9
Only in PIEQ27

Only in JIRE

199 securities, 95.5% of JIRE by weight

Asml Holding NV Common3.14%
Astrazeneca PLC Common1.97%
Allianz SE Common Stock1.61%
Siemens AG Common Stock1.60%
Roche Holding AG Common1.52%
Nestle SA Common Stock1.48%
Shell PLC1.42%
Novartis AG Common Stock1.35%
Hsbc Holdings PLC Common1.33%
Toyota Motor Corp Common1.33%
Banco Santander SA Common1.28%
Iberdrola SA Common Stock1.23%
Air Liquide SA Common1.20%
Bhp Group Ltd Common1.15%
Safran SA Common Stock1.15%
Sumitomo Mitsui1.12%
Totalenergies SE Common1.12%
Sap SE Common Stock Eur1.11%
Unicredit Spa Common1.09%
Sony Group Corp Common1.08%
Recruit Holdings Co Ltd1.08%
Muenchener1.06%
Atlas Copco Ab Common0.97%
Barclays PLC Common Stock0.96%
Hitachi Ltd Common Stock0.96%
Ubs Group AG Common Stock0.94%
Lonza Group AG Common0.88%
Sanofi SA Common Stock0.87%
Relx PLC Common Stock Gbp0.87%
Tokio Marine Holdings Inc0.86%
Cie Financiere Richemont0.83%
Advantest Corp Common0.82%
Engie SA Common Stock0.82%
Dbs Group Holdings Ltd0.81%
Tokyo Electron Ltd Common0.79%
National Grid PLC Common0.79%
Natwest Group PLC Common0.78%
Societe Generale SA0.77%
Rio Tinto Ltd Common0.75%
Commonwealth Bank of0.74%
Takeda Pharmaceutical Co0.74%
Legrand SA Common Stock0.74%
Itochu Corp Common Stock0.73%
Deutsche Telekom AG0.71%
Ferrari NV Common Stock0.71%
London Stock Exchange0.71%
Keyence Corp Common Stock0.70%
Mitsubishi Ufj Financial0.69%
Volvo Ab Common Stock Sek0.69%
Danske Bank A/S Common0.66%

Only in PIEQ

27 securities, 74.3% of PIEQ by weight

Taiwan Semiconductor Sp Adr Adr6.22%
Asml Holding NV Common Stock EUR.095.37%
Samsung Electronics Co Ltd Common Stock KRW100.04.49%
Teck Resources Ltd Cls B Common Stock4.31%
Sompo Holdings Inc Common Stock4.28%
Suncor Energy Inc Common Stock4.22%
Galaxy Entertainment Group L Common Stock3.61%
Erste Group Bank AG Common Stock3.29%
Astrazeneca PLC Common Stock USD.253.21%
Tencent Holdings Ltd Common Stock HKD.000023.16%
Daimler Truck Holding AG Common Stock3.10%
Yum China Holdings Inc Common Stock USD.013.06%
Rexel SA Common Stock EUR5.03.03%
Abn Amro Bank NV Cva Dutch Cert EUR1.03.01%
National Bank of Greece Common Stock EUR3.02.76%
Icon PLC Common Stock EUR.062.64%
Hannover Rueck SE Common Stock2.38%
Argenx SE Common Stock EUR.11.96%
Trip.com Group Ltd Common Stock USD.001251.88%
Entain PLC Common Stock EUR.011.63%
Bhp Group Ltd Common Stock1.49%
Komatsu Ltd Common Stock1.41%
Zegona Communications PLC Common Stock GBP.011.17%
Ascendis Pharma A/S Common Stock DKK1.00.99%
Samsonite Group SA Common Stock USD.010.88%
State Street Institutional Us State St Inst Us Gov Mm Prem0.42%
Nice Ltd Spon Adr Adr0.33%

Weight gaps

All 9 Holdings in both funds, largest gap first.

Holding weights in JIRE and PIEQ, widest gap first
Holding	Gap	JIRE	PIEQ
Spotify Technology SASPOT	PIEQ +3.89 points	0.45%	4.34%
Aib Group PLC Common	PIEQ +3.82 points	0.33%	4.15%
British American TobaccoBATS.L	PIEQ +3.26 points	0.79%	4.05%
Bae Systems PLCBA.L	PIEQ +2.52 points	0.46%	2.98%
Obayashi Corp Common	PIEQ +2.28 points	0.14%	2.42%
Hoya Corp Common Stock	PIEQ +1.76 points	0.51%	2.27%
Bnp Paribas SA Common	PIEQ +1.58 points	0.58%	2.16%
Bp PLC Common Stock GbpBP.L	PIEQ +1.09 points	0.52%	1.61%
Aia Group Ltd Common	PIEQ +0.75 points	0.70%	1.45%

All 212 JIRE holdings⁠All 35 PIEQ 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.

JIRE vs PIEQ Cost

Overpaying PIEQ vs JIRE

$3,653

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

JIRE 0.29%
$5,952
PIEQ 0.48%
$9,605

Amount$10,000

Years30 years

Cost over time

JIRE 0.29%
PIEQ 0.48%
Overpaying

Year by year

Year	JIRE	PIEQ	Overpaying
10	$527	$865	$338
20	$2,044	$3,328	$1,284
30	$5,952	$9,605	$3,653

Expense ratio

0.29%JIRE, cheaper
0.48%PIEQ

JIRE0.29%PIEQ0.48%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

JIRE 5th cheapest of 55 funds

PIEQ 17th cheapest of 55 funds

JIRE vs PIEQ Dividends

Last 12 months to Nov 9, 2026

Yield (12M): JIRE 2.70%, better; PIEQ 1.18%
Payout (12M): JIRE $2.24; PIEQ $0.42
Last payment: JIRE $2.24; PIEQ $0.42
Ex-dividend: JIRE Dec 16, 2025; PIEQ Dec 29, 2025
Paid on: JIRE Dec 18, 2025; PIEQ Dec 31, 2025
Frequency: JIRE Annual; PIEQ Annual

Distribution history

Per share, 2022 to 2026, same scale for both

JIREAnnual · 4 paymentsAll JIRE payments⁠

PIEQAnnual · 2 paymentsAll PIEQ payments⁠

JIRE vs PIEQ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: JIRE 11.8%PIEQ 10.2%since Dec 2024
Return per unit of riskSharpe ratio, 3 years: JIRE 1.15PIEQ 1.62since Dec 2024
Worst fallMax drawdown, 5 years: JIRE −16.1%since Jun 2022PIEQ −15.2%since Nov 2024
Market sensitivityBeta, 5 years: JIRE 0.81PIEQ 0.47; Market = 1

JIRE and PIEQ in the news

All news⁠

New ETFs
Hartford and HCM listed equity ETFs that cost more than funds already doing similar work
Nov 4, 2026JIRE
ETF Filings
Goldman files a stock-picking international ETF on the same benchmark as its data-driven fund
Nov 3, 2026JIRE
ETF Filings
Transamerica files TAVI, a Great Lakes EAFE ETF, as a $4.27 billion fund changes sub-adviser
Sep 22, 2026JIRE
ETF Filings
Causeway files its first ETFs into a 0.22% to 0.39% category, its own fee blank
Sep 18, 2026JIRE
ETF Filings
Franklin Templeton files two enhanced ETFs to absorb its international core funds
Sep 18, 2026JIRE
ETF Filings
Janus Henderson International Core Alpha ETF prospectus takes effect at 0.35%
Sep 14, 2026JIRE

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JIRE vs PIEQ

In short

Stated mandate

Why people hold it