JIRE vs QUIZ

JIREAJPMorgan International Research Enhanced Equity ETF

QUIZCZacks Quality International 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.

QUIZ Zacks made its name reading sell-side earnings revisions. QUIZ points that engine overseas: an active, roughly 80-stock portfolio of developed-market companies outside the US, and the firm's first international fund since its 2025 launch.

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.

QUIZ The Fund seeks positive risk-adjusted returns by investing at least 80% of assets in equity securities, including common stock and depositary receipts, issued by publicly listed companies in non-U.S. markets.

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.

• QUIZ The model ranks companies on the agreement, size and direction of analyst earnings revisions plus earnings surprises, then layers on quality screens such as return on equity, earnings stability and dividend consistency.sec.govyahoo.com
• 0.55% net of a waiver through September 1, 2027, which lands near the median for active international equity funds. Real active management, not boutique pricing.
• About 80 names, so each pick carries weight. The mandate commits at least 80% of assets to non-US equities, mostly developed markets like Japan, Germany and the UK, with 60 days' notice before that policy changes.sec.gov

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

• QUIZ That 0.55% is contractual, not permanent. The gross fee is 1.68%, and the waiver runs through September 1, 2027, so the filings are worth a look as the date approaches.
• Live since 2025, so the overseas version of the model has a short record. Zacks has run this approach in US funds, but the international build is its own experiment.yahoo.com
• Cheap systematic rivals crowd this shelf: DFIC at 0.22%, AVDE at 0.23%, and TACN at 0% (fee fully waived through January 30, 2027). QUIZ is also smaller and thinner-traded than those giants.

Full JIRE profile⁠

Full QUIZ profile⁠