JIRE vs PRAE

JIREAJPMorgan International Research Enhanced Equity ETF

PRAEDPlanRock Alternative Growth 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.

PRAE A tactical long/short playbook in a plain ETF wrapper: PRAE rotates across global equity segments on trend and momentum rules and can flip short with futures. Cost is the trade-off at 1.49% net of a waiver through February 1, 2027 (3.99% gross).

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.

PRAE Seeks long-term capital appreciation by investing primarily in common stocks and other equity securities.

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.

• PRAE Trend, momentum and valuation rules decide which global equity segments get weight, and the fund can take short positions with index futures when a trend turns down.sec.gov
• The book is compact, roughly 40 positions, and reaches past common stocks into other ETFs, equity index futures, commodities and currency futures.sec.gov
• Its documented aim is low correlation to broad global equities, a different job from the cap-weighted international funds sitting beside it in the category.planrockfunds.com

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

• PRAE Fees are the headline trade-off: 1.49% net of a waiver through February 1, 2027 (3.99% gross), above the category median, with leaders like DFIC at 0.22% and AVDE at 0.23%.
• A small, thinly traded fund, so bid-ask spreads can run wider than in the category's household names.
• Trading since December 2023, and the rotation rules are proprietary, so there is less public detail on how positions get picked than with index-tracking peers.sec.gov

Full JIRE profile⁠

Full PRAE profile⁠