BBAX vs. QQQ
Compare and contrast key facts about JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) and Invesco QQQ (QQQ).
BBAX and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both BBAX and QQQ 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 QQQ.
Key characteristics
| BBAX | QQQ | |
|---|---|---|
| YTD Return | -4.66% | 3.07% |
| 1Y Return | -0.50% | 32.86% |
| 3Y Return (Ann) | -2.63% | 8.34% |
| 5Y Return (Ann) | 2.39% | 17.98% |
| Sharpe Ratio | -0.10 | 1.95 |
| Daily Std Dev | 16.17% | 16.25% |
| Max Drawdown | -39.64% | -82.98% |
| Current Drawdown | -10.54% | -5.57% |
Correlation
The correlation between BBAX and QQQ is 0.65, 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.
Performance
BBAX vs. QQQ - Performance Comparison
In the year-to-date period, BBAX achieves a -4.66% return, which is significantly lower than QQQ's 3.07% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BBAX vs. QQQ - Expense Ratio Comparison
BBAX has a 0.19% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BBAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) and Invesco QQQ (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.
Dividends
BBAX vs. QQQ - Dividend Comparison
BBAX's dividend yield for the trailing twelve months is around 4.42%, more than QQQ's 0.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF | 4.42% | 4.17% | 5.06% | 5.47% | 2.38% | 4.07% | 1.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.63% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
BBAX vs. QQQ - Drawdown Comparison
The maximum BBAX drawdown since its inception was -39.64%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BBAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
BBAX vs. QQQ - Volatility Comparison
The current volatility for JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) is 5.01%, while Invesco QQQ (QQQ) has a volatility of 5.42%. This indicates that BBAX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.