BBAX vs. BBEU
Compare and contrast key facts about JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) and JPMorgan BetaBuilders Europe ETF (BBEU).
BBAX and BBEU 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. BBEU is a passively managed fund by JPMorgan Chase that tracks the performance of the Morningstar Developed Europe Target Market Exposure Index. It was launched on Jun 15, 2018. Both BBAX and BBEU 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 BBEU.
Key characteristics
| BBAX | BBEU | |
|---|---|---|
| YTD Return | -4.66% | 2.56% |
| 1Y Return | -0.50% | 8.70% |
| 3Y Return (Ann) | -2.63% | 3.98% |
| 5Y Return (Ann) | 2.39% | 7.04% |
| Sharpe Ratio | -0.10 | 0.57 |
| Daily Std Dev | 16.17% | 12.97% |
| Max Drawdown | -39.64% | -36.26% |
| Current Drawdown | -10.54% | -3.05% |
Correlation
The correlation between BBAX and BBEU is 0.83, 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.
Performance
BBAX vs. BBEU - Performance Comparison
In the year-to-date period, BBAX achieves a -4.66% return, which is significantly lower than BBEU's 2.56% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BBAX vs. BBEU - Expense Ratio Comparison
BBAX has a 0.19% expense ratio, which is higher than BBEU's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BBAX vs. BBEU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) and JPMorgan BetaBuilders Europe ETF (BBEU). 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. BBEU - Dividend Comparison
BBAX's dividend yield for the trailing twelve months is around 4.42%, more than BBEU's 3.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF | 4.42% | 4.17% | 5.06% | 5.47% | 2.38% | 4.07% | 1.36% |
BBEU JPMorgan BetaBuilders Europe ETF | 3.05% | 2.94% | 4.72% | 2.63% | 2.29% | 3.24% | 0.49% |
Drawdowns
BBAX vs. BBEU - Drawdown Comparison
The maximum BBAX drawdown since its inception was -39.64%, which is greater than BBEU's maximum drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for BBAX and BBEU. For additional features, visit the drawdowns tool.
Volatility
BBAX vs. BBEU - Volatility Comparison
JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) has a higher volatility of 5.01% compared to JPMorgan BetaBuilders Europe ETF (BBEU) at 3.64%. This indicates that BBAX's price experiences larger fluctuations and is considered to be riskier than BBEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.