BBEU vs. NORW
Compare and contrast key facts about JPMorgan BetaBuilders Europe ETF (BBEU) and Global X MSCI Norway ETF (NORW).
BBEU and NORW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBEU is a passively managed fund by JPMorgan that tracks the performance of the Morningstar Developed Europe Target Market Exposure Index. It was launched on Jun 15, 2018. NORW is a passively managed fund by Global X that tracks the performance of the MSCI Norway IMI 25/50 Index. It was launched on Nov 9, 2010. Both BBEU and NORW 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
BBEU vs. NORW - Performance Comparison
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BBEU vs. NORW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BBEU JPMorgan BetaBuilders Europe ETF | 0.71% | 36.37% | 1.85% | 20.31% | -14.72% | 17.50% | 5.00% | 23.96% | -13.25% |
NORW Global X MSCI Norway ETF | 27.18% | 32.59% | -2.50% | 5.03% | -12.55% | 13.65% | 26.00% | 14.39% | -7.45% |
Returns By Period
In the year-to-date period, BBEU achieves a 0.71% return, which is significantly lower than NORW's 27.18% return.
BBEU
- 1D
- 1.53%
- 1M
- -4.75%
- YTD
- 0.71%
- 6M
- 5.50%
- 1Y
- 22.50%
- 3Y*
- 15.13%
- 5Y*
- 9.59%
- 10Y*
- —
NORW
- 1D
- 2.44%
- 1M
- 6.82%
- YTD
- 27.18%
- 6M
- 28.29%
- 1Y
- 46.00%
- 3Y*
- 22.15%
- 5Y*
- 10.33%
- 10Y*
- 9.91%
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BBEU vs. NORW - Expense Ratio Comparison
BBEU has a 0.09% expense ratio, which is lower than NORW's 0.50% expense ratio.
Return for Risk
BBEU vs. NORW — Risk / Return Rank
BBEU
NORW
BBEU vs. NORW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Europe ETF (BBEU) and Global X MSCI Norway ETF (NORW). 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.
| BBEU | NORW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 2.07 | -0.78 |
Sortino ratioReturn per unit of downside risk | 1.84 | 2.73 | -0.90 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.41 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.97 | -1.11 |
Martin ratioReturn relative to average drawdown | 7.18 | 12.16 | -4.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BBEU | NORW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 2.07 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.47 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.41 | +0.04 |
Correlation
The correlation between BBEU and NORW is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BBEU vs. NORW - Dividend Comparison
BBEU's dividend yield for the trailing twelve months is around 2.95%, more than NORW's 2.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBEU JPMorgan BetaBuilders Europe ETF | 2.95% | 2.83% | 4.16% | 2.94% | 4.72% | 2.63% | 2.29% | 3.24% | 0.49% | 0.00% | 0.00% | 0.00% |
NORW Global X MSCI Norway ETF | 2.71% | 3.44% | 6.02% | 5.27% | 4.01% | 1.51% | 1.13% | 2.47% | 3.53% | 3.64% | 3.79% | 2.95% |
Drawdowns
BBEU vs. NORW - Drawdown Comparison
The maximum BBEU drawdown since its inception was -36.27%, roughly equal to the maximum NORW drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for BBEU and NORW.
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Drawdown Indicators
| BBEU | NORW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.27% | -35.62% | -0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -15.77% | +3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -31.08% | -32.78% | +1.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.86% | — |
Current DrawdownCurrent decline from peak | -7.10% | 0.00% | -7.10% |
Average DrawdownAverage peak-to-trough decline | -6.20% | -10.22% | +4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 3.85% | -0.68% |
Volatility
BBEU vs. NORW - Volatility Comparison
JPMorgan BetaBuilders Europe ETF (BBEU) and Global X MSCI Norway ETF (NORW) have volatilities of 7.46% and 7.20%, 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.
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Volatility by Period
| BBEU | NORW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.46% | 7.20% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 11.13% | 13.06% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.52% | 22.29% | -4.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 21.93% | -4.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.30% | 20.79% | -1.49% |