BBAX vs. FXAIX
Compare and contrast key facts about JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) and Fidelity 500 Index Fund (FXAIX).
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. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBAX or FXAIX.
Performance
BBAX vs. FXAIX - Performance Comparison
Returns By Period
In the year-to-date period, BBAX achieves a 7.47% return, which is significantly lower than FXAIX's 25.06% return.
BBAX
7.47%
-2.66%
4.76%
16.29%
4.98%
N/A
FXAIX
25.06%
0.60%
11.76%
32.39%
15.52%
13.01%
Key characteristics
| BBAX | FXAIX | |
|---|---|---|
| Sharpe Ratio | 1.11 | 2.66 |
| Sortino Ratio | 1.61 | 3.55 |
| Omega Ratio | 1.19 | 1.49 |
| Calmar Ratio | 1.17 | 3.86 |
| Martin Ratio | 5.15 | 17.38 |
| Ulcer Index | 3.36% | 1.87% |
| Daily Std Dev | 15.67% | 12.27% |
| Max Drawdown | -39.64% | -33.79% |
| Current Drawdown | -5.22% | -1.74% |
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BBAX vs. FXAIX - Expense Ratio Comparison
BBAX has a 0.19% expense ratio, which is higher than FXAIX's 0.02% 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%.
Correlation
The correlation between BBAX and FXAIX is 0.74, 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. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) and Fidelity 500 Index Fund (FXAIX). 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. FXAIX - Dividend Comparison
BBAX's dividend yield for the trailing twelve months is around 4.35%, more than FXAIX's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF | 4.35% | 4.17% | 5.06% | 5.47% | 2.57% | 4.07% | 1.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.23% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
BBAX vs. FXAIX - Drawdown Comparison
The maximum BBAX drawdown since its inception was -39.64%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for BBAX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
BBAX vs. FXAIX - Volatility Comparison
JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) has a higher volatility of 5.05% compared to Fidelity 500 Index Fund (FXAIX) at 4.05%. This indicates that BBAX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.