JIRE vs. IMTM
JIRE (JPMorgan International Research Enhanced Equity ETF) and IMTM (iShares MSCI Intl Momentum Factor ETF) are both exchange-traded funds - JIRE is a Foreign Large Cap Equities fund actively managed by JPMorgan, while IMTM is a Momentum fund tracking the MSCI World ex USA Momentum Index. JIRE is actively managed, while IMTM is passively managed. Over the past 3 years, JIRE returned 16.20%/yr vs 19.82%/yr for IMTM. Their correlation of 0.91 means they have usually moved in the same direction. JIRE charges 0.24%/yr vs 0.30%/yr for IMTM.
Performance
JIRE vs. IMTM - Performance Comparison
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Returns By Period
In the year-to-date period, JIRE achieves a 11.46% return, which is significantly higher than IMTM's 9.97% return.
JIRE
- 1D
- -0.63%
- 1M
- 0.81%
- 6M
- 6.22%
- YTD
- 11.46%
- 1Y
- 24.56%
- 3Y*
- 16.20%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.98%
IMTM
- 1D
- -0.21%
- 1M
- -0.69%
- 6M
- 4.07%
- YTD
- 9.97%
- 1Y
- 22.34%
- 3Y*
- 19.82%
- 5Y*
- 9.20%
- 10Y*
- 9.68%
- ALL TIME*
- 8.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $21.09M | $19.87M | $23.17M | |
| $46.29M | $36.24M | $38.13M |
JIRE vs. IMTM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JIRE JPMorgan International Research Enhanced Equity ETF | 11.46% | 31.83% | 3.15% | 20.00% | 5.09% |
IMTM iShares MSCI Intl Momentum Factor ETF | 9.97% | 34.50% | 12.17% | 13.89% | -0.15% |
Correlation
The correlation between JIRE and IMTM is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2022 | 0.91 |
The correlation between JIRE and IMTM has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.
JIRE vs. IMTM - Sectors Allocation Comparison
Sectors
JIRE
IMTM
Financial Services
Industrials
Technology
Healthcare
Consumer Cyclical
Consumer Defensive
Basic Materials
Utilities
Communication Services
Energy
Real Estate
Financial Services
JIRE
IMTM
Industrials
JIRE
IMTM
Technology
JIRE
IMTM
Healthcare
JIRE
IMTM
Consumer Cyclical
JIRE
IMTM
Consumer Defensive
JIRE
IMTM
Basic Materials
JIRE
IMTM
Utilities
JIRE
IMTM
Communication Services
JIRE
IMTM
Energy
JIRE
IMTM
Real Estate
JIRE
IMTM
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Return for Risk
JIRE vs. IMTM — Risk / Return Rank
JIRE
IMTM
JIRE vs. IMTM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Research Enhanced Equity ETF (JIRE) and iShares MSCI Intl Momentum Factor ETF (IMTM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JIRE | IMTM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.73 | +0.34 |
| Martin ratioReturn relative to average drawdown | 7.57 | 6.39 | +1.18 |
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Drawdowns
JIRE vs. IMTM - Drawdown Comparison
The maximum JIRE drawdown since its inception was -16.11%, smaller than the maximum IMTM drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for JIRE and IMTM.
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Drawdown Indicators
| JIRE | IMTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.11% | -32.66% | +16.55% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -12.85% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -13.61% | -12.85% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.66% | — |
Current DrawdownCurrent decline from peak | -0.63% | -4.03% | +3.40% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -7.38% | +4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 3.47% | -0.25% |
Volatility
JIRE vs. IMTM - Volatility Comparison
The current volatility for JPMorgan International Research Enhanced Equity ETF (JIRE) is 4.81%, while iShares MSCI Intl Momentum Factor ETF (IMTM) has a volatility of 6.44%. This indicates that JIRE experiences smaller price fluctuations and is considered to be less risky than IMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JIRE | IMTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 6.44% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 13.99% | 17.36% | -3.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.17% | 19.10% | -2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.34% | 17.95% | -1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 17.70% | -1.36% |
JIRE vs. IMTM - Expense Ratio Comparison
JIRE has a 0.24% expense ratio, which is lower than IMTM's 0.30% expense ratio.
Dividends
JIRE vs. IMTM - Dividend Comparison
JIRE's dividend yield for the trailing twelve months is around 2.68%, less than IMTM's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMTM iShares MSCI Intl Momentum Factor ETF | 4.45% | 4.70% | 2.93% | 2.29% | 2.68% | 2.51% | 0.97% | 2.13% | 2.36% | 1.92% | 2.75% | 1.56% |
JIRE JPMorgan International Research Enhanced Equity ETF | 2.68% | 2.99% | 3.03% | 2.74% | 2.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, JIRE and IMTM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IMTM has higher volatility (6.44%) compared to JIRE (4.81%). In terms of maximum drawdown, JIRE dropped -16.11% vs IMTM's -32.66%.
On 3-year performance, IMTM leads with 19.82% vs 16.20% for JIRE. On fees, JIRE is cheaper at 0.24% per year. On volatility, JIRE has been the lower-risk option at 4.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IMTM has performed better with a 19.82% return vs 16.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JIRE is cheaper with a 0.24% expense ratio, compared with 0.30% for IMTM.
IMTM has the higher dividend yield at 4.45%, compared with 2.68% for JIRE.
JIRE is categorized as Foreign Large Cap Equities, while IMTM is Momentum. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.24% for JIRE and 0.30% for IMTM.
JIRE currently has the higher Sharpe Ratio (1.51 vs 1.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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