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BBAX vs. AIA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BBAX vs. AIA

Last updated Jun 23, 2026

BBAX (JPMorgan BetaBuilders Developed Asia ex-Japan ETF) and AIA (iShares Asia 50 ETF) are both Asia Pacific Equities funds - BBAX tracks the Morningstar Developed Asia Pacific ex-Japan Target Market Exposure Index while AIA tracks the S&P Asia 50 Index. Both are passively managed. Over the past 5 years, BBAX returned 5.38%/yr vs 13.26%/yr for AIA. A 0.74 correlation means they provide meaningful diversification when combined. BBAX charges 0.19%/yr vs 0.50%/yr for AIA.

Performance

BBAX vs. AIA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) and iShares Asia 50 ETF (AIA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BBAX achieves a 9.34% return, which is significantly lower than AIA's 54.57% return.

BBAX

1D
-0.16%
1M
-0.57%
YTD
9.34%
6M
9.12%
1Y
19.42%
3Y*
13.11%
5Y*
5.38%
10Y*
—

AIA

1D
0.68%
1M
12.30%
YTD
54.57%
6M
58.84%
1Y
97.46%
3Y*
39.74%
5Y*
13.26%
10Y*
15.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BBAX vs. AIA - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
BBAX
JPMorgan BetaBuilders Developed Asia ex-Japan ETF		9.34%20.21%2.50%5.60%-4.80%5.53%8.02%18.66%-9.65%
AIA
iShares Asia 50 ETF		54.57%47.79%20.26%4.32%-24.08%-10.91%33.73%22.21%-10.76%

Correlation

The correlation between BBAX and AIA is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.64

Correlation (3Y)
Calculated over the trailing 3-year period

0.71

Correlation (5Y)
Calculated over the trailing 5-year period

0.72

Correlation (All Time)
Calculated using the full available price history since Aug 8, 2018

0.74

The correlation between BBAX and AIA shifts across timeframes, from 0.64 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

BBAX vs. AIA - Sectors Allocation Comparison

Sectors
BBAX
AIA

Financial Services

45.0%
16.4%

Basic Materials

17.5%

-

Real Estate

8.4%
0.5%

Industrials

8.0%
2.0%

Consumer Cyclical

5.2%
8.6%

Healthcare

4.1%
0.8%

Utilities

3.2%

-

Consumer Defensive

3.1%

-

Energy

2.7%
0.6%

Communication Services

2.7%
7.4%

Technology

0.2%
63.8%

Financial Services

BBAX
45.0%
AIA
16.4%

Basic Materials

BBAX
17.5%
AIA

-

Real Estate

BBAX
8.4%
AIA
0.5%

Industrials

BBAX
8.0%
AIA
2.0%

Consumer Cyclical

BBAX
5.2%
AIA
8.6%

Healthcare

BBAX
4.1%
AIA
0.8%

Utilities

BBAX
3.2%
AIA

-

Consumer Defensive

BBAX
3.1%
AIA

-

Energy

BBAX
2.7%
AIA
0.6%

Communication Services

BBAX
2.7%
AIA
7.4%

Technology

BBAX
0.2%
AIA
63.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

JPMorgan BetaBuilders Developed Asia ex-Japan ETF

iShares Asia 50 ETF

Often compared with BBAX:
BBAX vs. AAXJBBAX vs. EPPBBAX vs. BBJPBBAX vs. BBEUBBAX vs. GMFBBAX vs. EMMFBBAX vs. FXAIX
Often compared with AIA:
AIA vs. EEMAAIA vs. SPYAIA vs. VPLAIA vs. IOOAIA vs. GMFAIA vs. VWOAIA vs. IEMG

Return for Risk

BBAX vs. AIA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BBAX
BBAX Risk / Return Rank: 4040
Overall Rank
BBAX Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
BBAX Sortino Ratio Rank: 3636
Sortino Ratio Rank
BBAX Omega Ratio Rank: 3636
Omega Ratio Rank
BBAX Calmar Ratio Rank: 4545
Calmar Ratio Rank
BBAX Martin Ratio Rank: 4242
Martin Ratio Rank
AIA
AIA Risk / Return Rank: 9292
Overall Rank
AIA Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
AIA Sortino Ratio Rank: 8989
Sortino Ratio Rank
AIA Omega Ratio Rank: 9191
Omega Ratio Rank
AIA Calmar Ratio Rank: 9494
Calmar Ratio Rank
AIA Martin Ratio Rank: 9393
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBAX vs. AIA - Risk-Adjusted Trends 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.

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.

BBAXAIADifference
Sharpe ratioReturn per unit of total volatility
1.31
3.44

-2.13

Sortino ratioReturn per unit of downside risk
1.85
3.91

-2.06

Omega ratioGain probability vs. loss probability

1.24

1.57

-0.34

Calmar ratioReturn relative to maximum drawdown

2.17

6.93

-4.76

Martin ratioReturn relative to average drawdown

6.68

23.86

-17.18

BBAX vs. AIA - Sharpe Ratio Comparison

The current BBAX Sharpe Ratio is 1.31, which is lower than the AIA Sharpe Ratio of 3.44. The chart below compares the historical Sharpe Ratios of BBAX and AIA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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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.

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Drawdown Indicators

BBAXAIADifference

Max Drawdown

Largest peak-to-trough decline

-39.64%

-60.89%

+21.25%

Max Drawdown (1Y)

Largest decline over 1 year

-9.01%

-14.15%

+5.14%

Max Drawdown (3Y)

Largest decline over 3 years

-20.12%

-21.64%

+1.52%

Max Drawdown (5Y)

Largest decline over 5 years

-23.21%

-50.11%

+26.90%

Max Drawdown (10Y)

Largest decline over 10 years

—

-54.64%

—

Current Drawdown

Current decline from peak

-4.19%

0.00%

-4.19%

Average Drawdown

Average peak-to-trough decline

-7.20%

-16.65%

+9.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.91%

4.10%

-1.19%

Volatility

BBAX vs. AIA - Volatility Comparison

The current volatility for JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) is 5.21%, while iShares Asia 50 ETF (AIA) has a volatility of 14.76%. 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.

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Volatility by Period

BBAXAIADifference

Volatility (1M)

Calculated over the trailing 1-month period

5.21%

14.76%

-9.55%

Volatility (6M)

Calculated over the trailing 6-month period

12.58%

25.07%

-12.49%

Volatility (1Y)

Calculated over the trailing 1-year period

14.91%

28.53%

-13.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.37%

26.13%

-8.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.69%

23.87%

-4.18%

BBAX vs. AIA - Expense Ratio Comparison

BBAX has a 0.19% expense ratio, which is lower than AIA's 0.50% expense ratio.

Dividends

BBAX vs. AIA - Dividend Comparison

BBAX's dividend yield for the trailing twelve months is around 3.62%, more than AIA's 1.42% yield.

PositionTTM20252024202320222021202020192018201720162015
AIA
iShares Asia 50 ETF		1.42%2.50%2.78%2.07%2.59%1.54%1.11%2.24%2.49%1.45%2.29%2.88%
BBAX
JPMorgan BetaBuilders Developed Asia ex-Japan ETF		3.62%3.86%4.13%4.17%5.06%5.47%2.57%4.07%1.36%0.00%0.00%0.00%

Frequently Asked Questions

BBAX and AIA have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AIA has higher volatility (14.76%) compared to BBAX (5.21%). In terms of maximum drawdown, BBAX dropped -39.64% vs AIA's -60.89%.

On 5-year performance, AIA leads with 13.26% vs 5.38% for BBAX. On fees, BBAX is cheaper at 0.19% per year. On volatility, BBAX has been the lower-risk option at 5.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, AIA has performed better with a 13.26% return vs 5.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

BBAX is cheaper with a 0.19% expense ratio, compared with 0.50% for AIA.

BBAX has the higher dividend yield at 3.62%, compared with 1.42% for AIA.

BBAX tracks Morningstar Developed Asia Pacific ex-Japan Target Market Exposure Index, while AIA tracks S&P Asia 50 Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.19% for BBAX and 0.50% for AIA.

AIA currently has the higher Sharpe Ratio (3.44 vs 1.31), 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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