BBAX vs. AIA
Compare and contrast key facts about JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) and iShares Asia 50 ETF (AIA).
BBAX and AIA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBAX is a passively managed fund by JPMorgan Chase that tracks the performance of the Morningstar Developed Asia Pacific ex-Japan Target Market Exposure Index. It was launched on Aug 7, 2018. AIA is a passively managed fund by iShares that tracks the performance of the S&P Asia 50. It was launched on Nov 13, 2007. Both BBAX and AIA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBAX or AIA.
Performance
BBAX vs. AIA - Performance Comparison
Returns By Period
In the year-to-date period, BBAX achieves a 6.43% return, which is significantly lower than AIA's 20.08% return.
BBAX
6.43%
-3.61%
3.09%
15.16%
4.54%
N/A
AIA
20.08%
-6.95%
1.99%
21.58%
3.95%
6.11%
Key characteristics
| BBAX | AIA | |
|---|---|---|
| Sharpe Ratio | 0.96 | 0.86 |
| Sortino Ratio | 1.42 | 1.33 |
| Omega Ratio | 1.17 | 1.16 |
| Calmar Ratio | 1.01 | 0.43 |
| Martin Ratio | 4.48 | 4.02 |
| Ulcer Index | 3.35% | 4.86% |
| Daily Std Dev | 15.67% | 22.79% |
| Max Drawdown | -39.64% | -60.89% |
| Current Drawdown | -6.14% | -27.28% |
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BBAX vs. AIA - Expense Ratio Comparison
BBAX has a 0.19% expense ratio, which is lower than AIA's 0.50% expense ratio.
Correlation
The correlation between BBAX and AIA is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
BBAX vs. AIA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) and iShares Asia 50 ETF (AIA). 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.
Dividends
BBAX vs. AIA - Dividend Comparison
BBAX's dividend yield for the trailing twelve months is around 4.39%, more than AIA's 1.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF | 4.39% | 4.17% | 5.06% | 5.47% | 2.57% | 4.07% | 1.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AIA iShares Asia 50 ETF | 1.98% | 2.62% | 2.59% | 1.53% | 1.11% | 2.24% | 2.50% | 1.45% | 2.29% | 2.88% | 2.24% | 2.07% |
Drawdowns
BBAX vs. AIA - Drawdown Comparison
The maximum BBAX drawdown since its inception was -39.64%, smaller than the maximum AIA drawdown of -60.89%. Use the drawdown chart below to compare losses from any high point for BBAX and AIA. For additional features, visit the drawdowns tool.
Volatility
BBAX vs. AIA - Volatility Comparison
The current volatility for JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) is 5.02%, while iShares Asia 50 ETF (AIA) has a volatility of 7.07%. This indicates that BBAX experiences smaller price fluctuations and is considered to be less risky than AIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.