AFDM vs JIRE
First Trust Active Factor International ETF vs JPMorgan International Research Enhanced Equity ETF
Which is better, AFDM or JIRE?
Nearly the same fund. JIRE costs less.
JIRE has a lower expense ratio. AFDM led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.96. AFDM is less concentrated, with 15.1% of the fund in its ten largest positions against 16.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AFDM | JIRE |
|---|---|---|
| Expense Ratio | 0.83% | 0.24%Best |
| AUM | $149M | $11.0B |
| Dividend Yield | 3.47% | 2.73% |
| Holdings | 178 | 216 |
| YTD Return | +11.55%Best | +7.25% |
| 1Y Return | +20.58%Best | +13.67% |
| 3Y Return (annualized) | +21.39%Best | +17.60% |
| 5Y Return (annualized) | +8.90% | - |
| Volatility (annualized) | 14.5%Best | 15.1% |
| Max Drawdown | -19.1% | -16.1%Best |
| $10,000 over 4.3 years | $19,171Best | $18,645 |
| Top 10 Weight | 15.1%Best | 16.7% |
| Fund Family | First Trust Portfolios (US) | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 14, 2016 | Jun 10, 2022 |
Volatility and max drawdown, and the $10,000 over 4.3 years row, are measured over the window both funds cover: Jun 13, 2022 to Oct 14, 2026 (4.3 years).
AFDM vs JIRE growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.3 years both funds cover.
AFDM vs JIRE Performance
First Trust Active Factor International ETF (AFDM) is an ETF from First Trust Portfolios (US) and JPMorgan International Research Enhanced Equity ETF (JIRE) is an ETF from J.P. Morgan Asset Management. Over the past year AFDM returned +20.58% while JIRE returned +13.67%. Year to date, AFDM is up 11.55% versus a gain of 7.25% for JIRE.
Over three years, AFDM compounded at +21.39% per year against +17.60% for JIRE. Across the full 4-year window we track, AFDM has the edge at +16.34% annualized vs +15.59%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JIRE has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.5% for AFDM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -19.1% for AFDM and -16.1% for JIRE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AFDM charges 0.83% per year while JIRE charges 0.24%. On a $10,000 position that is $83 vs $24 annually, a gap of $59 per year that compounds over a long holding period. On income, AFDM currently yields 3.47% against 2.73% for JIRE.
Holdings Overlap
19.9% of AFDM's money is in holdings JIRE also owns. 21.4% of JIRE's money is in holdings AFDM also owns.
JIRE and AFDM share little of their money.
30 positions in common, counted across the 178 positions we hold weights for in AFDM and 206 in JIRE, against full books of 178 and 216.
What only one of them owns
Our book lists 6 positions for JIRE that do not appear in our book for AFDM (4.2% of the fund), and 6 for AFDM that do not appear in JIRE (4.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in AFDM | Weight in JIRE | Difference |
|---|---|---|---|
| ASML:ASASML Holding NV - Ordinary Shares | 2.20% | 3.82% | 1.62% |
| 6098:TKRecruit Holdings Co Ltd | 1.75% | 1.08% | 0.67% |
| BARC:LNBarclays Plc | 1.69% | 1.01% | 0.68% |
| NOVN:SMNovartis Ag Ordinary Shares | 1.13% | 1.15% | 0.02% |
| HSBA:LNHsbc Holdings Plc | 0.75% | 1.47% | 0.72% |
| BHP:AUBHP Group Limited Ordinary Shares | 0.87% | 1.19% | 0.32% |
| UBSG:SMUbs Group Ag Ordinary Shares | 0.87% | 0.91% | 0.04% |
| NESN:SMNestle S.A. Ordinary Shares | 0.39% | 1.25% | 0.86% |
| NWG:LNNatWest Group PLC | 0.68% | 0.88% | 0.20% |
| ROP:SMRoche Ps Par Ag | 0.18% | 1.29% | 1.11% |
21.4% of JIRE is already inside AFDM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AFDM or JIRE?
AFDM has an expense ratio of 0.83% while JIRE charges 0.24%. JIRE is the cheaper option, by $59 a year on a $10,000 investment.
Which performed better, AFDM or JIRE?
Over the past year AFDM returned +20.58% vs +13.67% for JIRE, so AFDM leads on 1-year performance. Over the longest common window we track (4 years), AFDM annualized +16.34% vs +15.59% for JIRE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AFDM or JIRE?
JIRE has been the more volatile fund at 15.1% annualized versus 14.5% for AFDM. Worst drawdown: AFDM -19.1% vs JIRE -16.1%.
Should I hold both AFDM and JIRE?
AFDM and JIRE have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between AFDM and JIRE?
21.4% of JIRE's money is in holdings AFDM also owns. 21.4% of JIRE's is in holdings AFDM also owns. They hold 30 positions in common, counted across the 178 positions we hold weights for in AFDM and 206 in JIRE.
Which pays a higher dividend, AFDM or JIRE?
AFDM yields 3.47% while JIRE yields 2.73%, so AFDM currently pays the higher dividend yield.
Is JIRE better than AFDM?
JIRE has a lower expense ratio. AFDM led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.96. AFDM is less concentrated, with 15.1% of the fund in its ten largest positions against 16.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.