BBAX vs. QQQ

Last updated Jun 4, 2026

BBAX (JPMorgan BetaBuilders Developed Asia ex-Japan ETF) and QQQ (Invesco QQQ 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 QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, BBAX returned 5.02%/yr vs 17.97%/yr for QQQ. A 0.63 correlation means they provide meaningful diversification when combined. BBAX charges 0.19%/yr vs 0.18%/yr for QQQ.

Performance

BBAX vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) and Invesco QQQ ETF (QQQ). 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 lower than QQQ's 21.30% return.

BBAX

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

QQQ

• 1D: -0.26%
• 1M: 10.60%
• YTD: 21.30%
• 6M: 19.66%
• 1Y: 41.82%
• 3Y*: 28.78%
• 5Y*: 17.97%
• 10Y*: 21.94%

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

BBAX vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF	10.52%	20.21%	2.50%	5.60%	-4.80%	5.53%	8.02%	18.66%	-9.65%
QQQ Invesco QQQ ETF	21.30%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-14.86%

Correlation

The correlation between BBAX and QQQ is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Aug 9, 2018	0.63

The correlation between BBAX and QQQ has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.

BBAX vs. QQQ - Sectors Allocation Comparison

Sectors	BBAX	QQQ
Financial Services	45.9%	0.2%
Basic Materials	16.0%	1.1%
Real Estate	8.4%	0.1%
Industrials	7.9%	2.8%
Consumer Cyclical	4.9%	12.3%
Healthcare	4.5%	4.2%
Utilities	3.3%	1.4%
Consumer Defensive	3.1%	7.7%
Energy	2.9%	0.6%
Communication Services	2.8%	15.8%
Technology	0.3%	53.8%

Return for Risk

BBAX vs. QQQ — 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

QQQ

QQQ Risk / Return Rank: 73
QQQ Sharpe Ratio Rank: 79
QQQ Sortino Ratio Rank: 75
QQQ Omega Ratio Rank: 74
QQQ Calmar Ratio Rank: 69
QQQ Martin Ratio Rank: 71

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. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) and Invesco QQQ ETF (QQQ). 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	QQQ	Difference
Sharpe ratio Return per unit of total volatility	1.41	2.64	-1.22
Sortino ratio Return per unit of downside risk	2.00	3.45	-1.45
Omega ratio Gain probability vs. loss probability	1.25	1.45	-0.20
Calmar ratio Return relative to maximum drawdown	2.25	3.51	-1.26
Martin ratio Return relative to average drawdown	7.46	13.49	-6.03
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. QQQ - Sharpe Ratio Comparison

The current BBAX Sharpe Ratio is 1.41, which is lower than the QQQ Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of BBAX and QQQ, 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	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	2.64	-1.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.81	-0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.41	-0.06

Drawdowns

BBAX vs. QQQ - Drawdown Comparison

The maximum BBAX drawdown since its inception was -39.64%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for BBAX and QQQ.

Drawdown Indicators

	BBAX	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-39.64%	-82.97%	+43.33%
Max Drawdown (1Y) Largest decline over 1 year	-9.01%	-11.96%	+2.95%
Max Drawdown (3Y) Largest decline over 3 years	-20.12%	-22.77%	+2.65%
Max Drawdown (5Y) Largest decline over 5 years	-24.33%	-35.12%	+10.79%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-3.16%	-0.26%	-2.90%
Average Drawdown Average peak-to-trough decline	-7.22%	-32.79%	+25.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	3.11%	-0.40%

Volatility

BBAX vs. QQQ - Volatility Comparison

JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) and Invesco QQQ ETF (QQQ) have volatilities of 4.65% and 4.49%, 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.

Volatility by Period

	BBAX	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	4.49%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	11.79%	12.10%	-0.31%
Volatility (1Y) Calculated over the trailing 1-year period	14.34%	15.94%	-1.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.28%	22.38%	-5.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.68%	22.29%	-2.61%

BBAX vs. QQQ - Expense Ratio Comparison

BBAX has a 0.19% expense ratio, which is higher than QQQ's 0.18% 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%.

Dividends

BBAX vs. QQQ - Dividend Comparison

BBAX's dividend yield for the trailing twelve months is around 3.58%, more than QQQ's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.38%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both BBAX and QQQ in my portfolio?

BBAX and QQQ have a correlation of 0.61, 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 QQQ?

BBAX has higher volatility (4.65%) compared to QQQ (4.49%). In terms of maximum drawdown, BBAX dropped -39.64% vs QQQ's -82.97%.

Which ETF is better, BBAX or QQQ?

On 5-year performance, QQQ leads with 17.97% vs 5.02% for BBAX. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBAX or QQQ?

Over the 5-year period, QQQ has performed better with a 17.97% 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 QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.19% for BBAX.

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

BBAX has the higher dividend yield at 3.58%, compared with 0.38% for QQQ.

What is the main difference between BBAX and QQQ?

BBAX is categorized as Asia Pacific Equities, while QQQ is Nasdaq-100. BBAX tracks Morningstar Developed Asia Pacific ex-Japan Target Market Exposure Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.19% for BBAX and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.64 vs 1.41), 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.