BBAX vs. BBJP
Compare and contrast key facts about JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) and JPMorgan BetaBuilders Japan ETF (BBJP).
BBAX and BBJP 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. BBJP is a passively managed fund by JPMorgan Chase that tracks the performance of the Morningstar Japan Target Market Exposure Index. It was launched on Jun 15, 2018. Both BBAX and BBJP 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 BBJP.
Performance
BBAX vs. BBJP - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with BBAX having a 7.47% return and BBJP slightly lower at 7.12%.
BBAX
7.47%
-2.66%
4.76%
16.29%
4.98%
N/A
BBJP
7.12%
-3.05%
-1.12%
11.68%
4.73%
N/A
Key characteristics
| BBAX | BBJP | |
|---|---|---|
| Sharpe Ratio | 1.11 | 0.78 |
| Sortino Ratio | 1.61 | 1.14 |
| Omega Ratio | 1.19 | 1.15 |
| Calmar Ratio | 1.17 | 1.05 |
| Martin Ratio | 5.15 | 3.45 |
| Ulcer Index | 3.36% | 3.87% |
| Daily Std Dev | 15.67% | 17.13% |
| Max Drawdown | -39.64% | -32.66% |
| Current Drawdown | -5.22% | -6.93% |
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BBAX vs. BBJP - Expense Ratio Comparison
Both BBAX and BBJP have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between BBAX and BBJP is 0.71, 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. BBJP - 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 Japan ETF (BBJP). 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. BBJP - Dividend Comparison
BBAX's dividend yield for the trailing twelve months is around 4.35%, more than BBJP's 2.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF | 4.35% | 4.17% | 5.06% | 5.47% | 2.57% | 4.07% | 1.36% |
BBJP JPMorgan BetaBuilders Japan ETF | 2.85% | 3.05% | 1.51% | 2.89% | 1.12% | 2.31% | 0.65% |
Drawdowns
BBAX vs. BBJP - Drawdown Comparison
The maximum BBAX drawdown since its inception was -39.64%, which is greater than BBJP's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for BBAX and BBJP. For additional features, visit the drawdowns tool.
Volatility
BBAX vs. BBJP - Volatility Comparison
JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) has a higher volatility of 5.05% compared to JPMorgan BetaBuilders Japan ETF (BBJP) at 4.46%. This indicates that BBAX's price experiences larger fluctuations and is considered to be riskier than BBJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.