BBAX vs. OPPJ
BBAX (JPMorgan BetaBuilders Developed Asia ex-Japan ETF) and OPPJ (WisdomTree Japan Opportunities 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 OPPJ is a Japan Equities fund tracking the WisdomTree Japan Opportunities Index. Both are passively managed. Over the past 5 years, BBAX returned 6.06%/yr vs 24.96%/yr for OPPJ. At a 0.50 correlation, their price movements are largely independent. BBAX charges 0.19%/yr vs 0.58%/yr for OPPJ.
Performance
BBAX vs. OPPJ - Performance Comparison
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Returns By Period
In the year-to-date period, BBAX achieves a 11.93% return, which is significantly lower than OPPJ's 25.07% return.
BBAX
- 1D
- 1.44%
- 1M
- 1.95%
- 6M
- 9.48%
- YTD
- 11.93%
- 1Y
- 17.35%
- 3Y*
- 12.32%
- 5Y*
- 6.06%
- 10Y*
- —
OPPJ
- 1D
- 1.19%
- 1M
- -0.92%
- 6M
- 15.71%
- YTD
- 25.07%
- 1Y
- 60.60%
- 3Y*
- 33.55%
- 5Y*
- 24.96%
- 10Y*
- 17.32%
BBAX vs. OPPJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF | 11.93% | 20.21% | 2.50% | 5.60% | -4.80% | 5.53% | 8.02% | 18.66% | -9.65% |
OPPJ WisdomTree Japan Opportunities ETF | 25.07% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -15.57% |
Correlation
The correlation between BBAX and OPPJ is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2018 | 0.50 |
The correlation between BBAX and OPPJ shifts across timeframes, from 0.40 (3 years) to 0.50 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BBAX vs. OPPJ — Risk / Return Rank
BBAX
OPPJ
BBAX vs. OPPJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) and WisdomTree Japan Opportunities ETF (OPPJ). 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 | OPPJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.47 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 6.20 | -4.26 |
| Martin ratioReturn relative to average drawdown | 5.57 | 19.65 | -14.08 |
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Drawdowns
BBAX vs. OPPJ - Drawdown Comparison
The maximum BBAX drawdown since its inception was -39.64%, roughly equal to the maximum OPPJ drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for BBAX and OPPJ.
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Drawdown Indicators
| BBAX | OPPJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.64% | -39.30% | -0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -9.82% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -20.12% | -16.49% | -3.63% |
Max Drawdown (5Y)Largest decline over 5 years | -23.21% | -16.49% | -6.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.30% | — |
Current DrawdownCurrent decline from peak | -1.92% | -5.09% | +3.17% |
Average DrawdownAverage peak-to-trough decline | -7.18% | -6.48% | -0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 3.10% | +0.02% |
Volatility
BBAX vs. OPPJ - Volatility Comparison
The current volatility for JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) is 3.36%, while WisdomTree Japan Opportunities ETF (OPPJ) has a volatility of 7.59%. This indicates that BBAX experiences smaller price fluctuations and is considered to be less risky than OPPJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBAX | OPPJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 7.59% | -4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 12.61% | 17.00% | -4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.84% | 21.02% | -6.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.38% | 18.32% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.64% | 19.56% | +0.08% |
BBAX vs. OPPJ - Expense Ratio Comparison
BBAX has a 0.19% expense ratio, which is lower than OPPJ's 0.58% expense ratio.
Dividends
BBAX vs. OPPJ - Dividend Comparison
BBAX's dividend yield for the trailing twelve months is around 3.63%, more than OPPJ's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF | 3.63% | 3.86% | 4.13% | 4.17% | 5.06% | 5.47% | 2.57% | 4.07% | 1.36% | 0.00% | 0.00% | 0.00% |
OPPJ WisdomTree Japan Opportunities ETF | 1.12% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
Frequently Asked Questions
BBAX and OPPJ have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPPJ has higher volatility (7.59%) compared to BBAX (3.36%). In terms of maximum drawdown, BBAX dropped -39.64% vs OPPJ's -39.30%.
On 5-year performance, OPPJ leads with 24.96% vs 6.06% for BBAX. On fees, BBAX is cheaper at 0.19% per year. On volatility, BBAX has been the lower-risk option at 3.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, OPPJ has performed better with a 24.96% return vs 6.06%. 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 0.58% for OPPJ.
BBAX has the higher dividend yield at 3.63%, compared with 1.12% for OPPJ.
BBAX is categorized as Asia Pacific Equities, while OPPJ is Japan Equities. BBAX tracks Morningstar Developed Asia Pacific ex-Japan Target Market Exposure Index, while OPPJ tracks WisdomTree Japan Opportunities Index. They also come from different issuers: JPMorgan and WisdomTree. Their fees differ too: 0.19% for BBAX and 0.58% for OPPJ.
OPPJ currently has the higher Sharpe Ratio (2.90 vs 1.17), 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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