BBAX vs. EPP
BBAX (JPMorgan BetaBuilders Developed Asia ex-Japan ETF) and EPP (iShares MSCI Pacific ex Japan ETF) are both Asia Pacific Equities funds - BBAX tracks the Morningstar Developed Asia Pacific ex-Japan Target Market Exposure Index while EPP tracks the MSCI Pacific ex-Japan Index. Both are passively managed. Over the past 5 years, BBAX returned 5.38%/yr vs 5.00%/yr for EPP. With a 0.99 correlation, they move nearly in lockstep. BBAX charges 0.19%/yr vs 0.48%/yr for EPP.
Performance
BBAX vs. EPP - Performance Comparison
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Returns By Period
In the year-to-date period, BBAX achieves a 9.34% return, which is significantly higher than EPP's 8.29% return.
BBAX
- 1D
- -0.16%
- 1M
- -0.57%
- YTD
- 9.34%
- 6M
- 9.12%
- 1Y
- 19.42%
- 3Y*
- 13.11%
- 5Y*
- 5.38%
- 10Y*
- —
EPP
- 1D
- -0.19%
- 1M
- -0.60%
- YTD
- 8.29%
- 6M
- 8.03%
- 1Y
- 16.65%
- 3Y*
- 13.17%
- 5Y*
- 5.00%
- 10Y*
- 7.77%
BBAX vs. EPP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
EPP iShares MSCI Pacific ex Japan ETF | 8.29% | 19.70% | 4.76% | 5.76% | -6.59% | 4.26% | 6.04% | 18.30% | -10.06% |
Correlation
The correlation between BBAX and EPP is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2018 | 0.99 |
The correlation between BBAX and EPP has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
BBAX vs. EPP - Sectors Allocation Comparison
Sectors
BBAX
EPP
Financial Services
Basic Materials
Real Estate
Industrials
Consumer Cyclical
Healthcare
Utilities
Consumer Defensive
Energy
Communication Services
Technology
Financial Services
BBAX
EPP
Basic Materials
BBAX
EPP
Real Estate
BBAX
EPP
Industrials
BBAX
EPP
Consumer Cyclical
BBAX
EPP
Healthcare
BBAX
EPP
Utilities
BBAX
EPP
Consumer Defensive
BBAX
EPP
Energy
BBAX
EPP
Communication Services
BBAX
EPP
Technology
BBAX
EPP
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Return for Risk
BBAX vs. EPP — Risk / Return Rank
BBAX
EPP
BBAX vs. EPP - 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 MSCI Pacific ex Japan ETF (EPP). 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.
| BBAX | EPP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.20 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 1.90 | +0.26 |
| Martin ratioReturn relative to average drawdown | 6.68 | 5.62 | +1.06 |
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Drawdowns
BBAX vs. EPP - Drawdown Comparison
The maximum BBAX drawdown since its inception was -39.64%, smaller than the maximum EPP drawdown of -66.01%. Use the drawdown chart below to compare losses from any high point for BBAX and EPP.
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Drawdown Indicators
| BBAX | EPP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.64% | -66.01% | +26.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -8.79% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -20.12% | -19.29% | -0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -23.21% | -24.79% | +1.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.30% | — |
Current DrawdownCurrent decline from peak | -4.19% | -3.93% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -7.20% | -10.61% | +3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.97% | -0.06% |
Volatility
BBAX vs. EPP - Volatility Comparison
JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) and iShares MSCI Pacific ex Japan ETF (EPP) have volatilities of 5.21% and 5.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBAX | EPP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 5.22% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.58% | 12.75% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.91% | 15.14% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.37% | 17.51% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.69% | 19.12% | +0.57% |
BBAX vs. EPP - Expense Ratio Comparison
BBAX has a 0.19% expense ratio, which is lower than EPP's 0.48% expense ratio.
Dividends
BBAX vs. EPP - Dividend Comparison
BBAX's dividend yield for the trailing twelve months is around 3.62%, more than EPP's 3.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EPP iShares MSCI Pacific ex Japan ETF | 3.47% | 3.77% | 3.81% | 4.10% | 4.37% | 4.58% | 2.28% | 3.89% | 5.00% | 4.15% | 3.96% | 4.90% |
Frequently Asked Questions
With a correlation of 0.98, BBAX and EPP 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.
EPP has higher volatility (5.22%) compared to BBAX (5.21%). In terms of maximum drawdown, BBAX dropped -39.64% vs EPP's -66.01%.
On 5-year performance, BBAX leads with 5.38% vs 5.00% for EPP. On fees, BBAX is cheaper at 0.19% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BBAX has performed better with a 5.38% return vs 5.00%. 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 0.48% for EPP.
BBAX has the higher dividend yield at 3.62%, compared with 3.47% for EPP.
BBAX tracks Morningstar Developed Asia Pacific ex-Japan Target Market Exposure Index, while EPP tracks MSCI Pacific ex-Japan Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.19% for BBAX and 0.48% for EPP.
BBAX currently has the higher Sharpe Ratio (1.31 vs 1.11), 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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