BBAX vs. JEPQ

Last updated Apr 1, 2026

Compare and contrast key facts about JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).

BBAX and JEPQ 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 that tracks the performance of the Morningstar Developed Asia Pacific ex-Japan Target Market Exposure Index. It was launched on Aug 7, 2018. JEPQ is a passively managed fund by JPMorgan that tracks the performance of the Nasdaq-100 Index. It was launched on May 3, 2022. Both BBAX and JEPQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

BBAX vs. JEPQ - 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 Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

BBAX vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF	6.46%	20.21%	2.50%	5.60%	-4.52%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	-2.87%	15.18%	24.85%	36.28%	-12.89%

Returns By Period

In the year-to-date period, BBAX achieves a 6.46% return, which is significantly higher than JEPQ's -2.87% return.

BBAX

• 1D: 2.53%
• 1M: -6.56%
• YTD: 6.46%
• 6M: 7.42%
• 1Y: 27.09%
• 3Y*: 11.01%
• 5Y*: 5.39%
• 10Y*: —

JEPQ

• 1D: 3.25%
• 1M: -3.50%
• YTD: -2.87%
• 6M: 1.65%
• 1Y: 19.82%
• 3Y*: 19.06%
• 5Y*: —
• 10Y*: —

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

BBAX vs. JEPQ - Expense Ratio Comparison

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

JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

BBAX

JPMorgan BetaBuilders Developed Asia ex-Japan ETF

Return for Risk

BBAX vs. JEPQ — Risk / Return Rank

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

BBAX

BBAX Risk / Return Rank: 80
BBAX Sharpe Ratio Rank: 80
BBAX Sortino Ratio Rank: 79
BBAX Omega Ratio Rank: 80
BBAX Calmar Ratio Rank: 76
BBAX Martin Ratio Rank: 84

JEPQ

JEPQ Risk / Return Rank: 72
JEPQ Sharpe Ratio Rank: 65
JEPQ Sortino Ratio Rank: 68
JEPQ Omega Ratio Rank: 75
JEPQ Calmar Ratio Rank: 72
JEPQ Martin Ratio Rank: 82

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. JEPQ - 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 Nasdaq Equity Premium Income ETF (JEPQ). 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	JEPQ	Difference
Sharpe ratio Return per unit of total volatility	1.47	1.07	+0.40
Sortino ratio Return per unit of downside risk	2.02	1.64	+0.38
Omega ratio Gain probability vs. loss probability	1.31	1.27	+0.04
Calmar ratio Return relative to maximum drawdown	1.96	1.70	+0.25
Martin ratio Return relative to average drawdown	9.34	8.45	+0.89
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. JEPQ - Sharpe Ratio Comparison

The current BBAX Sharpe Ratio is 1.47, which is higher than the JEPQ Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of BBAX and JEPQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BBAX	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	1.07	+0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.82	-0.50

Correlation

The correlation between BBAX and JEPQ is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BBAX vs. JEPQ - Dividend Comparison

BBAX's dividend yield for the trailing twelve months is around 3.72%, less than JEPQ's 11.10% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF	3.72%	3.86%	4.13%	4.17%	5.06%	5.47%	2.57%	4.07%	1.36%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	11.10%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%

Drawdowns

BBAX vs. JEPQ - Drawdown Comparison

The maximum BBAX drawdown since its inception was -39.64%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for BBAX and JEPQ.

Drawdown Indicators

	BBAX	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-39.64%	-20.07%	-19.57%
Max Drawdown (1Y) Largest decline over 1 year	-13.60%	-11.58%	-2.02%
Max Drawdown (5Y) Largest decline over 5 years	-24.33%	—	—
Current Drawdown Current decline from peak	-6.71%	-5.85%	-0.86%
Average Drawdown Average peak-to-trough decline	-7.32%	-3.55%	-3.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	2.34%	+0.51%

Volatility

BBAX vs. JEPQ - Volatility Comparison

JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) has a higher volatility of 7.10% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 6.02%. This indicates that BBAX's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBAX	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.10%	6.02%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	10.89%	10.47%	+0.42%
Volatility (1Y) Calculated over the trailing 1-year period	18.46%	18.52%	-0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.16%	16.91%	+0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.75%	16.91%	+2.84%