JIRE vs TACN: Grades, Fees and Holdings Compared

JPMorgan International Research Enhanced Equity ETF

JIREANYSE Arca

T. Rowe Price Active Core International Equity ETF

TACNANYSE Arca

Overlap

49.3%by weight

Expense ratio

TACN −0.29pt a year

JIRE0.29%TACN0.00%

Avg volume · 30D

JIRE 158.9×the volume

JIRE412KTACN2.59K

JIRE vs TACN Performance

Dec 31, 2025 – Oct 30, 2026

+8.9%JIRE+10.5%TACN

Expense ratio: JIRE 0.29%; TACN 0.00%, better
Fund size: JIRE $10.9B; TACN $24M
1Y total return: JIRE +13.0%; TACN No data
Yield (12M): JIRE 2.75%; TACN No data
Holdings: JIRE 213; TACN 508
Avg volume (30D): JIRE 412K sh, better; TACN 2.59K sh
NAV per share: JIRE $81.40; TACN $28.20
52W range

ETF.net Grade

Pillar letters and Scores for JIRE, TACN, with each pillar’s weight
Pillar	JIRE	TACN
Cost30% weight	A94	A100Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	B58	A70Higher
Tradability15% weight	A73Higher	C46
Holdings10% weight	A71	A82Higher
Durability5% weight	A93Higher	D30

Rank among International Active Equity funds

How we build Categories ›

Same Category. JIRE and TACN 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 TACN 5th of 55 funds in the International Active Equity Category.

Rank 1AAVDEAvantis International Equity ETFScore 87
Rank 1ADFICDimensional International Core Equity 2 ETFScore 87
Rank 3AJIREJPMorgan International Research Enhanced Equity ETFScore 79
Rank 4AAVDSAvantis International Small Cap Equity ETFScore 78
Rank 5AENHIiShares Enhanced International Active ETFScore 76
Rank 5ATACNT. Rowe Price Active Core International Equity ETFScore 76
Rank 7AAVNMAvantis All International Markets Equity ETFScore 72

Our read on each fund

ETF.net Research

JIREAJPMorgan International Research Enhanced Equity ETF

TACNAT. Rowe Price Active Core 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.

TACN T. Rowe Price's index-aware take on developed international stocks: it shadows the MSCI EAFE benchmark while nudging weights, and the fee is waived to 0.00% through January 30, 2027 (0.20% 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.

TACN The fund's goal is to achieve long-term capital growth.

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.

TACN Fee waived to zero through January 30, 2027, then the 0.20% gross rate applies. Top-scoring active international peers AVDE (0.23%) and DFIC (0.22%) charge more, with no waiver.troweprice.com
Built around the MSCI EAFE Index: an optimizer modestly over- and underweights names, targeting tracking error above most passive funds and below most active ones.sec.gov troweprice.com
Names come from T. Rowe's quant models plus bottom-up fundamental research (valuation, profitability, financial stability, earnings quality), with at least 80% of net assets normally in equities.sec.gov troweprice.com
Despite being new, it already stands among the strongest-rated funds in a crowded active international equity group, with long-term capital growth as the stated goal.

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

TACN Launched December 10, 2025, so the track record is short and assets are still small. Trading is thin, which can mean wider spreads than at big index rivals.
The zero fee is contractual, not permanent: it runs through January 30, 2027, after which the 0.20% gross expense ratio kicks in.troweprice.com
Low tracking error is the design, not a bug. The active tilt is deliberately modest, so the portfolio is built to hug EAFE rather than stray from it.sec.gov

Full JIRE profile⁠

Full TACN profile⁠

JIRE vs TACN Holdings

How JIRE and TACN differ

Overlap by weight

49.3%

Shared holdings make up 80.3% of JIRE and 54.7% of TACN.

Level by level

Holdings162 in both49.3%
Countryby domicile92.1%
Asset classEquity100%

Sector

No Sector split for TACN.

Country, concentration and asset class

Country by domicile

Country weights in JIRE and TACN, widest gap first
Country	More in JIREMore in TACN	JIRE	TACN
Germany	JIRE +2.5 points	10.7%	8.2%
United Kingdom	JIRE +1.9 points	16.5%	14.6%
Switzerland	TACN +1.7 points	7.8%	9.5%
France	JIRE +1.7 points	10.8%	9.1%
Italy	TACN +1.1 points	2.1%	3.2%
Spain	TACN +1.0 points	3.1%	4.2%
Norway	TACN +0.8 points	0.0%	0.8%
Israel	TACN +0.8 points	0.0%	0.8%
Other countries (17)	TACN +0.4 points	49.0%	49.4%

Outside the US: JIRE 100% developed, 0% emerging. TACN 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

JIRE16.8%
TACN14.6%

Securities held

JIRE208
TACN498

Asset class

JIRE: Equity
TACN: Equity

Holdings

Only in JIRE46
In both162
Only in TACN336

Only in JIRE

46 securities, 19.7% of JIRE by weight

Allianz SE Common Stock1.55%
Banco Santander SA Common1.21%
Totalenergies SE Common1.19%
Air Liquide SA Common1.14%
Atlas Copco Ab Common0.96%
Dbs Group Holdings Ltd0.84%
Engie SA Common Stock0.79%
Rio Tinto Ltd Common0.75%
Volvo Ab Common Stock Sek0.68%
Ferrari NV Common Stock0.67%
Novo Nordisk A/S Common0.58%
Novonesis Novozymes B0.57%
Hong Kong Exchanges &0.56%
Orange SA Common Stock0.55%
Bnp Paribas SA Common0.54%
Asr Nederland NV Common0.51%
Airbus SE Common Stock0.41%
Intercontinental Hotels0.41%
Telstra Group Ltd Common0.38%
Carlsberg As Common Stock0.37%
Continental AG Common0.35%
Anz Group Holdings Ltd0.34%
Medibank Pvt Ltd Common0.33%
Industria De Diseno0.32%
L'oreal SA Common Stock0.31%
JPMorgan Prime Money0.29%
Argenx SE0.25%
Disco Corp Common Stock0.25%
Nordea Bank Abp Common0.23%
Lasertec Corp Common0.21%
Banco Bilbao Vizcaya0.21%
Koninklijke Ahold0.20%
Investor Ab Common Stock0.19%
Techtronic Industries Co0.17%
Zalando SE Common Stock0.17%
Alcon AG Common Stock Chf0.16%
Pernod Ricard SA Common0.15%
Rakuten Group Inc Common0.13%
Glencore PLC Common0.13%
United Overseas Bank Ltd0.12%
Ryanair Holdings PLC0.11%
Westpac Banking Corp0.10%
Assa Abloy Ab Common0.09%
Link Reit Hkd 00.08%
Stmicroelectronics NV0.07%
Basf SE Common Stock Eur0.05%

Only in TACN

336 securities, 45.0% of TACN by weight

Totalenergies SE Common Stock EUR2.51.06%
Allianz SE Reg Common Stock1.06%
Banco Bilbao Vizcaya Argenta Common Stock EUR.490.95%
Novo Nordisk A/S B Common Stock DKK.10.88%
Anz Group Holdings Ltd Common Stock0.84%
Airbus SE Common Stock EUR1.00.75%
Dbs Group Holdings Ltd Common Stock0.74%
Sumitomo Corp Common Stock0.66%
Bnp Paribas Common Stock EUR2.00.65%
Banco Santander SA Common Stock EUR.50.62%
Equinor Asa Common Stock NOK2.50.57%
Air Liquide SA Common Stock EUR5.50.55%
Asahi Group Holdings Ltd Common Stock0.51%
Sonova Holding AG Reg Common Stock CHF.050.51%
Ms+ad Insurance Group Holdin Common Stock0.50%
Renesas Electronics Corp Common Stock0.50%
Suncorp Group Ltd Common Stock0.50%
Komatsu Ltd Common Stock0.49%
Intercontinental Hotels Grou Common Stock GBP.20852130.49%
Hannover Rueck SE Common Stock0.48%
Eurofins Scientific Common Stock EUR.10.46%
Glencore PLC Common Stock USD.010.45%
Amadeus It Group SA Common Stock EUR.010.44%
Atlas Copco Ab A Shs Common Stock SEK.160.43%
Merck Kgaa Common Stock0.42%
Jeronimo Martins Common Stock EUR1.00.41%
L Oreal Common Stock EUR.20.41%
Caixabank SA Common Stock EUR1.00.41%
Imperial Brands PLC Common Stock GBP.10.40%
Ferrari NV Common Stock EUR.010.38%
United Overseas Bank Ltd Common Stock0.36%
Nippon Yusen Kk Common Stock0.34%
Generali Common Stock0.34%
Bunzl PLC Common Stock GBP.32142860.33%
Michelin (Cgde) Common Stock EUR.50.33%
SOUTH32 Ltd Common Stock0.32%
Techtronic Industries Co Ltd Common Stock0.31%
Orange Common Stock EUR4.00.31%
Westpac Banking Corp Common Stock0.31%
Koninklijke Ahold Delhaize N Common Stock EUR.010.31%
Upm Kymmene Oyj Common Stock0.30%
Nitori Holdings Co Ltd Common Stock0.30%
Bridgestone Corp Common Stock0.30%
Mitsubishi Chemical Group Co Common Stock0.30%
Otsuka Corp Common Stock0.29%
Vestas Wind Systems A/S Common Stock DKK.20.29%
Tower Semiconductor Ltd Common Stock ILS15.00.29%
Endesa SA Common Stock EUR1.20.28%
Ageas Common Stock0.28%
Inpex Corp Common Stock0.28%

Weight gaps

The 100 widest of 162 Holdings in both funds.

Holding weights in JIRE and TACN, widest gap first
Holding	More in JIREMore in TACN	JIRE	TACN
Astrazeneca PLC CommonAZN.L	JIRE +0.86 points	1.94%	1.08%
Muenchener	JIRE +0.76 points	1.05%	0.29%
Mitsubishi Ufj Financial	TACN +0.73 points	0.70%	1.43%
Lonza Group AG Common	JIRE +0.70 points	0.84%	0.14%
Legrand SA Common Stock	JIRE +0.65 points	0.74%	0.09%
Enel Spa Common Stock Eur	TACN +0.64 points	0.06%	0.70%
Iberdrola SA Common Stock	JIRE +0.62 points	1.19%	0.57%
Natwest Group PLC CommonNWG.L	JIRE +0.61 points	0.76%	0.15%
Tokio Marine Holdings	JIRE +0.61 points	0.86%	0.25%
Siemens AG Common Stock	JIRE +0.60 points	1.59%	0.99%
London Stock ExchangeLSEG.L	JIRE +0.58 points	0.71%	0.13%
Keyence Corp Common	JIRE +0.56 points	0.76%	0.20%
Danske Bank A/S Common	JIRE +0.56 points	0.64%	0.08%
Itochu Corp Common Stock	JIRE +0.53 points	0.73%	0.20%
Sse PLC Common Stock GbpSSE.L	JIRE +0.53 points	0.63%	0.10%
Rwe AG Common Stock Eur	JIRE +0.52 points	0.62%	0.10%
T&D Holdings Inc Common	JIRE +0.51 points	0.54%	0.03%
Toyota Motor Corp Common	JIRE +0.48 points	1.19%	0.71%
Kingspan Group PLC	JIRE +0.46 points	0.51%	0.05%
Koninklijke Kpn NV Common	JIRE +0.45 points	0.50%	0.05%
National Grid PLC CommonNG.L	JIRE +0.45 points	0.79%	0.34%
Hoya Corp Common Stock	JIRE +0.45 points	0.59%	0.14%
Ing Groep NV Common Stock	TACN +0.45 points	0.19%	0.64%
Safran SA Common Stock	JIRE +0.43 points	1.06%	0.63%
Ajinomoto Co Inc Common	JIRE +0.44 points	0.48%	0.04%
Japan Post Bank Co Ltd	JIRE +0.43 points	0.52%	0.09%
Mtu Aero Engines AG	JIRE +0.43 points	0.50%	0.07%
Sanofi SA Common Stock	JIRE +0.43 points	0.81%	0.38%
Shin-Etsu Chemical Co	JIRE +0.43 points	0.59%	0.16%
Capgemini SE Common	JIRE +0.42 points	0.49%	0.07%
Nestle SA Common Stock	JIRE +0.41 points	1.43%	1.02%
Hitachi Ltd Common Stock	JIRE +0.40 points	1.04%	0.64%
Mitsui & Co Ltd Common	JIRE +0.40 points	0.65%	0.25%
Barclays PLC Common StockBARC.L	JIRE +0.40 points	0.95%	0.55%
Cie Financiere Richemont	JIRE +0.38 points	0.80%	0.42%
Rolls-Royce Holdings PLCRR.L	TACN +0.39 points	0.44%	0.83%
Societe Generale SA	JIRE +0.37 points	0.73%	0.36%
Fujitsu Ltd Common Stock	JIRE +0.37 points	0.47%	0.10%
Asics Corp Common Stock	JIRE +0.36 points	0.40%	0.04%
Relx PLC Common Stock GbpREL.L	JIRE +0.36 points	0.86%	0.50%
Siemens Energy AG Common	TACN +0.35 points	0.35%	0.70%
Heineken NV Common Stock	JIRE +0.34 points	0.41%	0.07%
Kao Corp Common Stock	JIRE +0.34 points	0.40%	0.06%
Kajima Corp Common Stock	JIRE +0.33 points	0.36%	0.03%
Sumitomo Electric	JIRE +0.33 points	0.40%	0.07%
Finecobank Banca Fineco	JIRE +0.32 points	0.38%	0.06%
Resona Holdings Inc	JIRE +0.32 points	0.40%	0.08%
Tokyo Electron Ltd	JIRE +0.31 points	0.89%	0.58%
Kbc Group NV Common Stock	JIRE +0.31 points	0.38%	0.07%
Thales SA Common Stock	TACN +0.30 points	0.11%	0.41%
Sumitomo Realty &	JIRE +0.29 points	0.31%	0.02%
Compass Group PLC CommonCPG.L	JIRE +0.29 points	0.43%	0.14%
Reckitt Benckiser GroupRKT.L	JIRE +0.27 points	0.39%	0.12%
Suzuki Motor Corp Common	JIRE +0.27 points	0.33%	0.06%
Lloyds Banking Group PLCLLOY.L	TACN +0.27 points	0.13%	0.40%
Eni Spa	JIRE +0.27 points	0.41%	0.14%
Unilever PLC CommonULVR.L	TACN +0.27 points	0.59%	0.86%
Bhp Group Ltd Common	JIRE +0.26 points	1.13%	0.87%
Aib Group PLC Common	JIRE +0.27 points	0.32%	0.05%
Sage Group Plc/TheSGE.L	JIRE +0.26 points	0.53%	0.27%
Abb Ltd Common Stock Chf	TACN +0.26 points	0.29%	0.55%
Terumo Corp Common Stock	JIRE +0.26 points	0.32%	0.06%
Santos Ltd Common Stock	JIRE +0.26 points	0.31%	0.05%
Insurance Australia	JIRE +0.24 points	0.30%	0.06%
Shell PLCSHEL.L	JIRE +0.23 points	1.53%	1.30%
Haleon PLC Common StockHLN.L	JIRE +0.22 points	0.32%	0.10%
Aia Group Ltd Common	JIRE +0.23 points	0.67%	0.44%
Mitsubishi Corp Common	TACN +0.22 points	0.15%	0.37%
Infineon Technologies AG	JIRE +0.21 points	0.68%	0.47%
British American TobaccoBATS.L	JIRE +0.21 points	0.79%	0.58%
Kubota Corp Common Stock	JIRE +0.20 points	0.23%	0.03%
Next PLC Common StockNXT.L	JIRE +0.19 points	0.25%	0.06%
Bp PLC Common Stock GbpBP.L	JIRE +0.19 points	0.58%	0.39%
Sea Ltd-AdrSE	JIRE +0.18 points	0.25%	0.07%
Bayer AG Common Stock Eur	JIRE +0.19 points	0.41%	0.22%
Central Japan Railway Co	JIRE +0.18 points	0.22%	0.04%
Unicredit Spa Common	JIRE +0.18 points	1.03%	0.85%
Rheinmetall AG Common	JIRE +0.17 points	0.30%	0.13%
Fast Retailing Co Ltd	JIRE +0.17 points	0.56%	0.39%
Kddi Corp Common Stock	TACN +0.17 points	0.43%	0.60%
Qbe Insurance Group Ltd	JIRE +0.16 points	0.23%	0.07%
Ihi Corp Common Stock	JIRE +0.17 points	0.19%	0.02%
National Australia Bank	JIRE +0.16 points	0.46%	0.30%
3I Group PLC Common StockIII.L	TACN +0.16 points	0.28%	0.44%
Woolworths Group Ltd	JIRE +0.16 points	0.24%	0.08%
Japan Exchange Group Inc	JIRE +0.15 points	0.18%	0.03%
Nintendo Co Ltd Common	TACN +0.16 points	0.06%	0.22%
Deutsche Boerse AG	JIRE +0.15 points	0.30%	0.15%
Spotify Technology SASPOT	JIRE +0.15 points	0.44%	0.29%
Sap SE Common Stock Eur	JIRE +0.15 points	1.10%	0.95%
Dhl AG Common Stock Eur	JIRE +0.14 points	0.59%	0.45%
Goodman Group Stapled	JIRE +0.14 points	0.23%	0.09%
Anheuser-Busch Inbev	TACN +0.13 points	0.13%	0.26%
Brambles Ltd Common Stock	JIRE +0.13 points	0.18%	0.05%
Adidas AG Common Stock	JIRE +0.13 points	0.20%	0.07%
Telia Co Ab Common Stock	JIRE +0.13 points	0.17%	0.04%
Murata Manufacturing Co	TACN +0.12 points	0.36%	0.48%
Panasonic Holdings Corp	JIRE +0.11 points	0.25%	0.14%
Mitsubishi Heavy	JIRE +0.12 points	0.30%	0.18%
Mitsubishi Electric Corp	JIRE +0.12 points	0.34%	0.23%

All 212 JIRE holdings⁠All TACN 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 TACN Cost

Overpaying JIRE vs TACN

$5,952

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

JIRE 0.29%
$5,952
TACN 0.00%
$0

Amount$10,000

Years30 years

Cost over time

JIRE 0.29%
TACN 0.00%
Overpaying

Year by year

Year	JIRE	TACN	Overpaying
10	$527	$0	$527
20	$2,044	$0	$2,044
30	$5,952	$0	$5,952

Expense ratio

0.29%JIRE
0.00%TACN, cheaper

TACN0.00%JIRE0.29%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

TACN cheapest of 55 funds

JIRE 5th cheapest of 55 funds

JIRE vs TACN Dividends

Last 12 months to Oct 30, 2026

Yield (12M): JIRE 2.75%; TACN No data
Payout (12M): JIRE $2.24; TACN None
Last payment: JIRE $2.24; TACN No data
Ex-dividend: JIRE Dec 16, 2025; TACN No data
Paid on: JIRE Dec 18, 2025; TACN No data
Frequency: JIRE Annual; TACN No data

Distribution history

Per share, 2022 to 2026, same scale for both

JIREAnnual · 4 paymentsAll JIRE payments⁠

TACNAll TACN payments⁠

No distribution history available.

JIRE vs TACN 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%TACN No data
Return per unit of riskSharpe ratio, 3 years: JIRE 1.15TACN No data
Worst fallMax drawdown, 5 years: JIRE −16.1%since Jun 2022TACN No data
Market sensitivityBeta, 5 years: JIRE 0.81TACN 0.65; Market = 1

JIRE and TACN in the news

All news⁠

ETF Filings
Franklin Templeton files two enhanced ETFs to absorb its international core funds
Sep 18, 2026JIRETACN
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
Janus Henderson International Core Alpha ETF prospectus takes effect at 0.35%
Sep 14, 2026JIRE
New ETFs
PGIM lists two more Jennison core ETFs after a May launch that still holds $7 million
Sep 8, 2026JIRE
ETF Filings
JPMorgan All Country Research Enhanced Equity ETF sets 0.22% fee, ticker JALL
Sep 4, 2026JIRE

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JIRE vs TACN

In short

Stated mandate

Why people hold it