BBAX vs. JEPI

Last updated Jun 4, 2026

BBAX (JPMorgan BetaBuilders Developed Asia ex-Japan ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - BBAX is a Asia Pacific Equities fund tracking the Morningstar Developed Asia Pacific ex-Japan Target Market Exposure Index, while JEPI is a Dividend fund actively managed by JPMorgan. BBAX is passively managed, while JEPI is actively managed. Over the past 5 years, BBAX returned 5.02%/yr vs 7.26%/yr for JEPI. A 0.60 correlation means they provide meaningful diversification when combined. BBAX charges 0.19%/yr vs 0.35%/yr for JEPI.

Performance

BBAX vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBAX achieves a 10.52% return, which is significantly higher than JEPI's 0.15% return.

BBAX

• 1D: -1.00%
• 1M: 1.03%
• YTD: 10.52%
• 6M: 12.09%
• 1Y: 20.17%
• 3Y*: 13.06%
• 5Y*: 5.02%
• 10Y*: —

JEPI

• 1D: 0.14%
• 1M: -1.54%
• YTD: 0.15%
• 6M: 0.47%
• 1Y: 7.70%
• 3Y*: 8.88%
• 5Y*: 7.26%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBAX vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF	10.52%	20.21%	2.50%	5.60%	-4.80%	5.53%	34.93%
JEPI JPMorgan Equity Premium Income ETF	0.15%	8.09%	12.57%	9.83%	-3.49%	21.52%	18.61%

Correlation

The correlation between BBAX and JEPI is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since May 22, 2020	0.60

The correlation between BBAX and JEPI has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.

BBAX vs. JEPI - Sectors Allocation Comparison

Sectors	BBAX	JEPI
Financial Services	45.9%	9.8%
Basic Materials	16.0%	1.9%
Real Estate	8.4%	3.5%
Industrials	7.9%	13.8%
Consumer Cyclical	4.9%	11.7%
Healthcare	4.5%	14.1%
Utilities	3.3%	6.2%
Consumer Defensive	3.1%	9.6%
Energy	2.9%	3.5%
Communication Services	2.8%	6.9%
Technology	0.3%	19.1%

Return for Risk

BBAX vs. JEPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBAX

BBAX Risk / Return Rank: 41
BBAX Sharpe Ratio Rank: 39
BBAX Sortino Ratio Rank: 38
BBAX Omega Ratio Rank: 38
BBAX Calmar Ratio Rank: 46
BBAX Martin Ratio Rank: 45

JEPI

JEPI Risk / Return Rank: 26
JEPI Sharpe Ratio Rank: 27
JEPI Sortino Ratio Rank: 26
JEPI Omega Ratio Rank: 26
JEPI Calmar Ratio Rank: 24
JEPI Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBAX vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) and JPMorgan Equity Premium Income ETF (JEPI). 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.

	BBAX	JEPI	Difference
Sharpe ratio Return per unit of total volatility	1.41	0.99	+0.43
Sortino ratio Return per unit of downside risk	2.00	1.47	+0.53
Omega ratio Gain probability vs. loss probability	1.25	1.18	+0.07
Calmar ratio Return relative to maximum drawdown	2.25	1.16	+1.09
Martin ratio Return relative to average drawdown	7.46	3.73	+3.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBAX vs. JEPI - Sharpe Ratio Comparison

The current BBAX Sharpe Ratio is 1.41, which is higher than the JEPI Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of BBAX and JEPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBAX	JEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	0.99	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.66	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	1.01	-0.66

Drawdowns

BBAX vs. JEPI - Drawdown Comparison

The maximum BBAX drawdown since its inception was -39.64%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for BBAX and JEPI.

Drawdown Indicators

	BBAX	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-39.64%	-13.71%	-25.93%
Max Drawdown (1Y) Largest decline over 1 year	-9.01%	-6.68%	-2.33%
Max Drawdown (3Y) Largest decline over 3 years	-20.12%	-13.26%	-6.86%
Max Drawdown (5Y) Largest decline over 5 years	-24.33%	-13.71%	-10.62%
Current Drawdown Current decline from peak	-3.16%	-4.83%	+1.67%
Average Drawdown Average peak-to-trough decline	-7.22%	-2.12%	-5.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	2.07%	+0.64%

Volatility

BBAX vs. JEPI - Volatility Comparison

JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) has a higher volatility of 4.65% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.35%. This indicates that BBAX's price experiences larger fluctuations and is considered to be riskier than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBAX	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	1.35%	+3.30%
Volatility (6M) Calculated over the trailing 6-month period	11.79%	6.07%	+5.72%
Volatility (1Y) Calculated over the trailing 1-year period	14.34%	7.85%	+6.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.28%	11.06%	+6.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.68%	10.80%	+8.88%

BBAX vs. JEPI - Expense Ratio Comparison

BBAX has a 0.19% expense ratio, which is lower than JEPI's 0.35% expense ratio.

Dividends

BBAX vs. JEPI - Dividend Comparison

BBAX's dividend yield for the trailing twelve months is around 3.58%, less than JEPI's 8.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF	3.58%	3.86%	4.13%	4.17%	5.06%	5.47%	2.57%	4.07%	1.36%
JEPI JPMorgan Equity Premium Income ETF	8.27%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBAX and JEPI in my portfolio?

BBAX and JEPI have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBAX or JEPI?

BBAX has higher volatility (4.65%) compared to JEPI (1.35%). In terms of maximum drawdown, BBAX dropped -39.64% vs JEPI's -13.71%.

Which ETF is better, BBAX or JEPI?

On 5-year performance, JEPI leads with 7.26% vs 5.02% for BBAX. On fees, BBAX is cheaper at 0.19% per year. On volatility, JEPI has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBAX or JEPI?

Over the 5-year period, JEPI has performed better with a 7.26% return vs 5.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBAX or JEPI?

BBAX is cheaper with a 0.19% expense ratio, compared with 0.35% for JEPI.

Which ETF pays a higher dividend yield, BBAX or JEPI?

JEPI has the higher dividend yield at 8.27%, compared with 3.58% for BBAX.

What is the main difference between BBAX and JEPI?

BBAX is categorized as Asia Pacific Equities, while JEPI is Dividend. Their fees differ too: 0.19% for BBAX and 0.35% for JEPI.

Which has better risk-adjusted returns?

BBAX currently has the higher Sharpe Ratio (1.41 vs 0.99), 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.