JIRE vs TIER: Grades, Fees and Holdings Compared

JPMorgan International Research Enhanced Equity ETF

JIREANYSE Arca

T. Rowe Price International Equity Research ETF

TIERBNYSE Arca

Overlap

36.4%by weight

Expense ratio

JIRE −0.09pt a year

JIRE0.29%TIER0.38%

Avg volume · 30D

JIRE 26.1×the volume

JIRE412KTIER15.8K

JIRE vs TIER Performance

Oct 31, 2025 – Oct 30, 2026

+13.0%JIRE+12.9%TIER

Expense ratio: JIRE 0.29%, better; TIER 0.38%
Fund size: JIRE $10.9B; TIER $135M
1Y total return: JIRE +13.0%, better; TIER +12.9%
Yield (12M): JIRE 2.75%; TIER No data
Holdings: JIRE 213; TIER 435
Avg volume (30D): JIRE 412K sh, better; TIER 15.8K sh
NAV per share: JIRE $81.40; TIER $30.99
52W range

ETF.net Grade

Pillar letters and Scores for JIRE, TIER, with each pillar’s weight
Pillar	JIRE	TIER
Cost30% weight	A94Higher	A80
Mission25% weight	Not scored	Not scored
Risk15% weight	B58Higher	B55
Tradability15% weight	A73Higher	C41
Holdings10% weight	A71	A76Higher
Durability5% weight	A93Higher	C49

Rank among International Active Equity funds

How we build Categories ›

Same Category. JIRE and TIER 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 TIER 16th 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 16BPIEQPrincipal International Equity ETFScore 64
Rank 16BTIERT. Rowe Price International Equity Research ETFScore 64
Rank 18BINEQColumbia International Equity Income ETFScore 63

Our read on each fund

ETF.net Research

JIREAJPMorgan International Research Enhanced Equity ETF

TIERBT. Rowe Price International Equity Research 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.

TIER Roughly 40 T. Rowe Price analysts pick the stocks, while sector and industry weights stay close to the MSCI ACWI ex USA Index. The wager here is name-by-name research abroad, not a call on which sector or region takes the lead.

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.

TIER The fund seeks long-term capital appreciation. It is an actively managed ETF investing primarily in non-U.S. stocks across developed and emerging markets, using bottom-up research and seeking excess returns relative to the MSCI ACWI ex USA Index.

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.

TIER Charges 0.38%, below the 0.60% median for active international equity funds in its peer group.
The portfolio is built from the picks of roughly 40 T. Rowe Price equity research analysts, with portfolio managers holding oversight and final discretion.troweprice.com
Sector and industry weights hug the MSCI ACWI ex USA Index, so results relative to that benchmark hinge on stock selection rather than sector bets.troweprice.com
One ticker covers both developed and emerging markets, spread across roughly 300 stocks, in a fully transparent active ETF wrapper.prnewswire.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

TIER Index-like sector weights cut both ways: the fund has less room to reallocate across sectors than active funds with a freer hand, and can lag them as a result.troweprice.com
It began trading in June 2025, so the track record is short, and it remains a small, thinly traded fund where bid-ask spreads deserve a look before you trade.
Cheaper systematic rivals cover similar ground, with AVDE at 0.23% and DFIC at 0.22%.

Full JIRE profile⁠

Full TIER profile⁠

JIRE vs TIER Holdings

How JIRE and TIER differ

Overlap by weight

36.4%

Shared holdings make up 68.4% of JIRE and 38.4% of TIER.

Level by level

Holdings124 in both36.4%
Countryby domicile61.2%
Sector11 Sectors87.2%
Asset classEquity100%

Sector

Sector weights in JIRE and TIER, widest gap first
Sector	More in JIREMore in TIER	JIRE	TIER
Technology	TIER +8.6 points	13.4%	22.0%
Industrials	JIRE +4.6 points	17.7%	13.1%
Health Care	JIRE +2.5 points	9.6%	7.1%
Energy	TIER +2.4 points	3.6%	6.0%
Utilities	JIRE +1.8 points	4.0%	2.2%
Materials	TIER +1.7 points	5.0%	6.7%
Consumer Staples	JIRE +1.7 points	6.2%	4.5%
Financials	JIRE +1.5 points	27.2%	25.7%
Consumer Discretionary	JIRE +0.8 points	7.6%	6.8%
Communication	TIER +0.1 points	5.0%	5.1%
Real Estate	Same weight	0.7%	0.7%

Country, concentration and asset class

Country by domicile

Country weights in JIRE and TIER, widest gap first
Country	More in JIREMore in TIER	JIRE	TIER
Taiwan	TIER +9.8 points	0.0%	9.8%
Japan	JIRE +8.5 points	25.0%	16.5%
Canada	TIER +7.4 points	0.0%	7.4%
United Kingdom	JIRE +6.6 points	16.5%	9.9%
South Korea	TIER +6.3 points	0.0%	6.3%
France	JIRE +5.6 points	10.8%	5.2%
China	TIER +5.1 points	0.1%	5.2%
Germany	JIRE +4.9 points	10.7%	5.8%
Other countries (26)	JIRE +3.0 points	36.9%	33.9%

Outside the US: JIRE 100% developed, 0% emerging. TIER 71% developed, 29% emerging.

Concentration

Weight in the 10 largest Holdings

JIRE16.8%
TIER15.7%

Securities held

JIRE208
TIER414

Asset class

JIRE: Equity
TIER: Equity

Holdings

Only in JIRE84
In both124
Only in TIER290

Only in JIRE

84 securities, 31.6% 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%
British American Tobacco0.79%
Natwest Group PLC Common0.76%
Rio Tinto Ltd Common0.75%
Legrand SA Common Stock0.74%
Volvo Ab Common Stock Sek0.68%
Ferrari NV Common Stock0.67%
Mitsui & Co Ltd Common0.65%
Danske Bank A/S Common0.64%
Novo Nordisk A/S Common0.58%
Novonesis Novozymes B0.57%
Hong Kong Exchanges &0.56%
Fast Retailing Co Ltd0.56%
Orange SA Common Stock0.55%
Bnp Paribas SA Common0.54%
Sage Group Plc/The0.53%
Japan Post Bank Co Ltd0.52%
Asr Nederland NV Common0.51%
Mtu Aero Engines AG0.50%
Capgemini SE Common0.49%
Heineken NV Common Stock0.41%
Airbus SE Common Stock0.41%
Intercontinental Hotels0.41%
Eni Spa0.41%
Kao Corp Common Stock0.40%
Kbc Group NV Common Stock0.38%
Finecobank Banca Fineco0.38%
Carlsberg As Common Stock0.37%
Continental AG Common0.35%
Anz Group Holdings Ltd0.34%
Suzuki Motor Corp Common0.33%
Medibank Pvt Ltd Common0.33%
Industria De Diseno0.32%
Aib Group PLC Common0.32%
Sumitomo Realty &0.31%
Santos Ltd Common Stock0.31%
L'oreal SA Common Stock0.31%
Insurance Australia0.30%
JPMorgan Prime Money0.29%
Argenx SE0.25%
Next PLC Common Stock0.25%
Woolworths Group Ltd0.24%
Qbe Insurance Group Ltd0.23%
Nordea Bank Abp Common0.23%

Only in TIER

290 securities, 61.9% of TIER by weight

Taiwan Semiconductor Manufac Common Stock TWD10.03.53%
Taiwan Semiconductor Sp Adr Adr2.43%
Sk Hynix Inc Common Stock KRW5000.01.74%
Samsung Electr Gdr Reg’s Gdr1.30%
Yuan Renminbi Offshore1.06%
Royal Bank of Canada Common Stock1.03%
Toronto Dominion Bank Common Stock0.87%
Alibaba Group Holding Sp Adr Adr USD.0000250.86%
Samsung Electronics Co Ltd Common Stock KRW100.00.81%
Totalenergies SE Common Stock EUR2.50.73%
Mediatek Inc Common Stock TWD10.00.72%
Tencent Holdings Ltd Uns Adr Adr HKD.000020.71%
Shopify Inc Class A Common Stock0.66%
China Construction Bank H Common Stock CNY1.00.61%
Allianz SE Reg Common Stock0.59%
Airbus SE Common Stock EUR1.00.56%
Samsung Electronics Pref Preference0.52%
Swedbank Ab A Shares Common Stock0.50%
Banco Bilbao Vizcaya Argenta Common Stock EUR.490.48%
Barclays PLC Spons Adr Adr0.47%
Air Liquide SA Common Stock EUR5.50.46%
British American Tob Sp Adr Adr0.45%
Suncor Energy Inc Common Stock0.43%
Anz Group Holdings Ltd Common Stock0.43%
Sumitomo Corp Common Stock0.42%
Novo Nordisk A/S B Common Stock DKK.10.42%
L Oreal Common Stock EUR.20.42%
Unilever PLC Sponsored Adr Adr0.41%
Canadian Natural Resources Common Stock0.41%
Delta Electronics Inc Common Stock TWD10.00.40%
Sampo Oyj A Shs Common Stock0.40%
Ase Technology Holding Co Lt Common Stock TWD10.00.39%
Hannover Rueck SE Common Stock0.39%
Dbs Group Holdings Ltd Common Stock0.38%
Banco Santander SA Common Stock EUR.50.35%
Canadian Natl Railway Co Common Stock0.34%
Elite Material Co Ltd Common Stock TWD10.00.34%
Canadian Pacific Kansas City Common Stock0.33%
Taiheiyo Cement Corp Common Stock0.33%
Agnico Eagle Mines Ltd Common Stock0.32%
Petroleo Brasileiro Spon Adr Adr0.32%
Tencent Holdings Ltd Common Stock HKD.000020.30%
Kb Financial Group Inc Adr Adr0.30%
Icici Bank Ltd Spon Adr Adr0.30%
Glencore PLC Common Stock USD.010.30%
Grupo Mexico Sab De Cv Ser B Common Stock0.30%
Caixabank SA Common Stock EUR1.00.30%
Investor Ab B Shs Common Stock SEK6.250.30%
Argenx SE Common Stock EUR.10.29%
Divi’s Laboratories Ltd Common Stock INR2.00.29%

Weight gaps

The 100 widest of 124 Holdings in both funds.

Holding weights in JIRE and TIER, widest gap first
Holding	More in JIREMore in TIER	JIRE	TIER
Asml Holding NV Common	JIRE +1.51 points	3.41%	1.90%
Barclays PLC Common StockBARC.L	JIRE +0.95 points	0.95%	0.00%
Astrazeneca PLC CommonAZN.L	JIRE +0.89 points	1.94%	1.05%
Iberdrola SA Common Stock	JIRE +0.84 points	1.19%	0.35%
Siemens AG Common Stock	JIRE +0.82 points	1.59%	0.77%
Muenchener	JIRE +0.82 points	1.05%	0.23%
Nestle SA Common Stock	JIRE +0.72 points	1.43%	0.71%
Sanofi SA Common Stock	JIRE +0.67 points	0.81%	0.14%
Lonza Group AG Common	JIRE +0.66 points	0.84%	0.18%
Safran SA Common Stock	JIRE +0.63 points	1.06%	0.43%
Sumitomo Mitsui	JIRE +0.60 points	1.14%	0.54%
Toyota Motor Corp Common	JIRE +0.57 points	1.19%	0.62%
Relx PLC Common Stock GbpREL.L	JIRE +0.56 points	0.86%	0.30%
Shell PLCSHEL.L	JIRE +0.54 points	1.53%	0.99%
Roche Holding AG Common	JIRE +0.54 points	1.54%	1.00%
Rwe AG Common Stock Eur	JIRE +0.54 points	0.62%	0.08%
London Stock ExchangeLSEG.L	JIRE +0.54 points	0.71%	0.17%
Recruit Holdings Co Ltd	JIRE +0.53 points	1.18%	0.65%
Tokio Marine Holdings	JIRE +0.52 points	0.86%	0.34%
Sse PLC Common Stock GbpSSE.L	JIRE +0.51 points	0.63%	0.12%
Hsbc Holdings PLC CommonHSBA.L	JIRE +0.49 points	1.29%	0.80%
Tokyo Electron Ltd	JIRE +0.47 points	0.89%	0.42%
Takeda Pharmaceutical Co	JIRE +0.46 points	0.72%	0.26%
Hitachi Ltd Common Stock	JIRE +0.45 points	1.04%	0.59%
Advantest Corp Common	JIRE +0.44 points	0.97%	0.53%
Cie Financiere Richemont	JIRE +0.44 points	0.80%	0.36%
Novartis AG Common Stock	JIRE +0.43 points	1.31%	0.88%
Dhl AG Common Stock Eur	JIRE +0.42 points	0.59%	0.17%
Koninklijke Kpn NV Common	JIRE +0.41 points	0.50%	0.09%
Keyence Corp Common	JIRE +0.41 points	0.76%	0.35%
Unilever PLC CommonULVR.L	JIRE +0.40 points	0.59%	0.19%
Kingspan Group PLC	JIRE +0.39 points	0.51%	0.12%
Bp PLC Common Stock GbpBP.L	JIRE +0.39 points	0.58%	0.19%
Sony Group Corp Common	JIRE +0.39 points	1.02%	0.63%
Unicredit Spa Common	JIRE +0.39 points	1.03%	0.64%
Deutsche Telekom AG	JIRE +0.38 points	0.71%	0.33%
Shin-Etsu Chemical Co	JIRE +0.38 points	0.59%	0.21%
National Grid PLC CommonNG.L	JIRE +0.38 points	0.79%	0.41%
Infineon Technologies AG	JIRE +0.37 points	0.68%	0.31%
Societe Generale SA	JIRE +0.37 points	0.73%	0.36%
Itochu Corp Common Stock	JIRE +0.36 points	0.73%	0.37%
T&D Holdings Inc Common	JIRE +0.36 points	0.54%	0.18%
Ubs Group AG Common Stock	JIRE +0.34 points	0.92%	0.58%
Fujitsu Ltd Common Stock	JIRE +0.34 points	0.47%	0.13%
Sumitomo Electric	JIRE +0.32 points	0.40%	0.08%
Enel Spa Common Stock Eur	TIER +0.32 points	0.06%	0.38%
Hoya Corp Common Stock	JIRE +0.32 points	0.59%	0.27%
Commonwealth Bank of	JIRE +0.30 points	0.74%	0.44%
National Australia Bank	JIRE +0.30 points	0.46%	0.16%
Ajinomoto Co Inc Common	JIRE +0.29 points	0.48%	0.19%
Tesco PLC Common StockTSCO.L	JIRE +0.29 points	0.44%	0.15%
Reckitt Benckiser GroupRKT.L	JIRE +0.28 points	0.39%	0.11%
Sap SE Common Stock Eur	JIRE +0.27 points	1.10%	0.83%
Telstra Group Ltd Common	JIRE +0.26 points	0.38%	0.12%
Axa SA Common Stock Eur	JIRE +0.26 points	0.35%	0.09%
Nintendo Co Ltd Common	TIER +0.26 points	0.06%	0.32%
Bhp Group Ltd Common	JIRE +0.25 points	1.13%	0.88%
Vinci SA Common Stock Eur	JIRE +0.25 points	0.52%	0.27%
Bayer AG Common Stock Eur	JIRE +0.25 points	0.41%	0.16%
Terumo Corp Common Stock	JIRE +0.23 points	0.32%	0.09%
Bae Systems PLCBA.L	JIRE +0.22 points	0.51%	0.29%
Asics Corp Common Stock	JIRE +0.21 points	0.40%	0.19%
Compass Group PLC CommonCPG.L	JIRE +0.22 points	0.43%	0.21%
Kddi Corp Common Stock	JIRE +0.20 points	0.43%	0.23%
Diageo PLC Common StockDGE.L	JIRE +0.18 points	0.18%	0.00%
Kajima Corp Common Stock	JIRE +0.18 points	0.36%	0.18%
Disco Corp Common Stock	JIRE +0.18 points	0.25%	0.07%
Haleon PLC Common StockHLN.L	JIRE +0.16 points	0.32%	0.16%
Macquarie Group Ltd	JIRE +0.16 points	0.30%	0.14%
Mitsubishi Electric Corp	JIRE +0.16 points	0.34%	0.19%
3I Group PLC Common StockIII.L	JIRE +0.16 points	0.28%	0.12%
Resona Holdings Inc	JIRE +0.15 points	0.40%	0.25%
Spotify Technology SASPOT	JIRE +0.15 points	0.44%	0.29%
Lvmh Moet Hennessy Louis	JIRE +0.14 points	0.50%	0.36%
Lloyds Banking Group PLCLLOY.L	TIER +0.14 points	0.13%	0.27%
Intesa Sanpaolo Spa	JIRE +0.14 points	0.23%	0.09%
Csl Ltd Common Stock Aud	JIRE +0.14 points	0.31%	0.17%
Anheuser-Busch Inbev	TIER +0.14 points	0.13%	0.27%
Kioxia Holdings Corp	JIRE +0.14 points	0.42%	0.28%
Siemens Energy AG Common	TIER +0.14 points	0.35%	0.49%
Ing Groep NV Common Stock	TIER +0.13 points	0.19%	0.32%
Hermes International Sca	TIER +0.12 points	0.05%	0.17%
Standard Chartered PLCSTAN.L	TIER +0.11 points	0.34%	0.45%
Rio Tinto PLC CommonRIO.L	JIRE +0.12 points	0.36%	0.24%
Mitsubishi Ufj Financial	TIER +0.11 points	0.70%	0.81%
Murata Manufacturing Co	JIRE +0.10 points	0.36%	0.26%
Panasonic Holdings Corp	JIRE +0.10 points	0.25%	0.15%
Gsk PLC Common Stock GbpGSK.L	JIRE +0.11 points	0.38%	0.27%
Deutsche Boerse AG	JIRE +0.10 points	0.30%	0.20%
Schneider Electric SE	JIRE +0.09 points	0.59%	0.50%
Sea Ltd-AdrSE	JIRE +0.09 points	0.25%	0.16%
Zurich Insurance Group AG	JIRE +0.08 points	0.28%	0.20%
Rheinmetall AG Common	JIRE +0.08 points	0.30%	0.22%
Daiichi Sankyo Co Ltd	JIRE +0.08 points	0.19%	0.11%
Orix Corp Common Stock	TIER +0.07 points	0.19%	0.26%
Adidas AG Common Stock	JIRE +0.07 points	0.20%	0.13%
Rolls-Royce Holdings PLCRR.L	TIER +0.07 points	0.44%	0.51%
Softbank Group Corp	JIRE +0.07 points	0.43%	0.36%
Abb Ltd Common Stock Chf	TIER +0.06 points	0.29%	0.35%
Essilorluxottica SA	JIRE +0.06 points	0.17%	0.11%

All 212 JIRE holdings⁠All 345 TIER 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 TIER Cost

Overpaying TIER vs JIRE

$1,754

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

JIRE 0.29%
$5,952
TIER 0.38%
$7,706

Amount$10,000

Years30 years

Cost over time

JIRE 0.29%
TIER 0.38%
Overpaying

Year by year

Year	JIRE	TIER	Overpaying
10	$527	$688	$161
20	$2,044	$2,658	$614
30	$5,952	$7,706	$1,754

Expense ratio

0.29%JIRE, cheaper
0.38%TIER

JIRE0.29%TIER0.38%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

JIRE 5th cheapest of 55 funds

TIER 12th cheapest of 55 funds

JIRE vs TIER Dividends

Last 12 months to Oct 30, 2026

Yield (12M): JIRE 2.75%; TIER No data
Payout (12M): JIRE $2.24; TIER No data
Last payment: JIRE $2.24; TIER $0.21
Ex-dividend: JIRE Dec 16, 2025; TIER Dec 23, 2025
Paid on: JIRE Dec 18, 2025; TIER Dec 26, 2025
Frequency: JIRE Annual; TIER Irregular

Distribution history

Per share, 2022 to 2026, same scale for both

JIREAnnual · 4 paymentsAll JIRE payments⁠

TIERIrregular · 1 paymentAll TIER payments⁠

JIRE vs TIER 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%TIER 14.4%since Jul 2025
Return per unit of riskSharpe ratio, 3 years: JIRE 1.15TIER 0.87since Jul 2025
Worst fallMax drawdown, 5 years: JIRE −16.1%since Jun 2022TIER −12.1%since Jun 2025
Market sensitivityBeta, 5 years: JIRE 0.81TIER 0.91; Market = 1

JIRE and TIER in the news

All news⁠

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
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

Popular comparisons

JIREAvsAVDEA
JPMorgan International Research Enhanced Equity ETF · Avantis International Equity ETF
Expense ratio
0.29% · 0.23%
Category
TIERBvsAVDEA
T. Rowe Price International Equity Research ETF · Avantis International Equity ETF
Expense ratio
0.38% · 0.23%
Category
JIREAvsDFICA
JPMorgan International Research Enhanced Equity ETF · Dimensional International Core Equity 2 ETF
Expense ratio
0.29% · 0.22%
Category
TIERBvsDFICA
T. Rowe Price International Equity Research ETF · Dimensional International Core Equity 2 ETF
Expense ratio
0.38% · 0.22%
Category
JIREAvsAVDSA
JPMorgan International Research Enhanced Equity ETF · Avantis International Small Cap Equity ETF
Expense ratio
0.29% · 0.30%
Category
TIERBvsAVDSA
T. Rowe Price International Equity Research ETF · Avantis International Small Cap Equity ETF
Expense ratio
0.38% · 0.30%
Category

JIRE vs TIER

In short

Stated mandate

Why people hold it