BBAX vs. GMF
Compare and contrast key facts about JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) and SPDR S&P Emerging Asia Pacific ETF (GMF).
BBAX and GMF 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. GMF is a passively managed fund by State Street that tracks the performance of the S&P Asia Pacific Emerging BMI Index. It was launched on Mar 19, 2007. Both BBAX and GMF 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 GMF.
Performance
BBAX vs. GMF - Performance Comparison
Returns By Period
In the year-to-date period, BBAX achieves a 7.47% return, which is significantly lower than GMF's 16.22% return.
BBAX
7.47%
-2.66%
4.76%
16.29%
4.98%
N/A
GMF
16.22%
-5.78%
4.63%
20.19%
5.82%
5.42%
Key characteristics
| BBAX | GMF | |
|---|---|---|
| Sharpe Ratio | 1.11 | 1.27 |
| Sortino Ratio | 1.61 | 1.84 |
| Omega Ratio | 1.19 | 1.24 |
| Calmar Ratio | 1.17 | 0.71 |
| Martin Ratio | 5.15 | 6.15 |
| Ulcer Index | 3.36% | 3.37% |
| Daily Std Dev | 15.67% | 16.29% |
| Max Drawdown | -39.64% | -67.18% |
| Current Drawdown | -5.22% | -12.90% |
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BBAX vs. GMF - Expense Ratio Comparison
BBAX has a 0.19% expense ratio, which is lower than GMF's 0.49% expense ratio.
Correlation
The correlation between BBAX and GMF is 0.77, 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. GMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) and SPDR S&P Emerging Asia Pacific ETF (GMF). 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. GMF - Dividend Comparison
BBAX's dividend yield for the trailing twelve months is around 4.35%, more than GMF's 2.19% 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% |
GMF SPDR S&P Emerging Asia Pacific ETF | 2.19% | 2.75% | 2.54% | 2.71% | 1.32% | 1.75% | 2.26% | 1.70% | 2.49% | 3.76% | 1.55% | 2.18% |
Drawdowns
BBAX vs. GMF - Drawdown Comparison
The maximum BBAX drawdown since its inception was -39.64%, smaller than the maximum GMF drawdown of -67.18%. Use the drawdown chart below to compare losses from any high point for BBAX and GMF. For additional features, visit the drawdowns tool.
Volatility
BBAX vs. GMF - Volatility Comparison
JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) and SPDR S&P Emerging Asia Pacific ETF (GMF) have volatilities of 5.05% and 4.87%, 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.