BBIN vs. EFAX
Compare and contrast key facts about JPMorgan BetaBuilders International Equity ETF (BBIN) and SPDR MSCI EAFE Fossil Fuel Free ETF (EFAX).
BBIN and EFAX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBIN is a passively managed fund by JPMorgan Chase that tracks the performance of the Morningstar Developed Markets ex-North America Target Market Exposure Index. It was launched on Dec 5, 2019. EFAX is a passively managed fund by State Street that tracks the performance of the MSCI EAFE ex Fossil Fuels Index. It was launched on Oct 24, 2016. Both BBIN and EFAX 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: BBIN or EFAX.
Key characteristics
| BBIN | EFAX | |
|---|---|---|
| YTD Return | 6.93% | 7.99% |
| 1Y Return | 18.40% | 19.90% |
| 3Y Return (Ann) | 2.34% | 1.36% |
| Sharpe Ratio | 1.36 | 1.52 |
| Sortino Ratio | 1.92 | 2.15 |
| Omega Ratio | 1.24 | 1.26 |
| Calmar Ratio | 1.82 | 1.41 |
| Martin Ratio | 7.45 | 8.13 |
| Ulcer Index | 2.48% | 2.42% |
| Daily Std Dev | 13.59% | 12.98% |
| Max Drawdown | -33.37% | -32.53% |
| Current Drawdown | -6.47% | -6.25% |
Correlation
The correlation between BBIN and EFAX is 0.98, 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.
Performance
BBIN vs. EFAX - Performance Comparison
In the year-to-date period, BBIN achieves a 6.93% return, which is significantly lower than EFAX's 7.99% 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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BBIN vs. EFAX - Expense Ratio Comparison
BBIN has a 0.07% expense ratio, which is lower than EFAX'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
BBIN vs. EFAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders International Equity ETF (BBIN) and SPDR MSCI EAFE Fossil Fuel Free ETF (EFAX). 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
BBIN vs. EFAX - Dividend Comparison
BBIN's dividend yield for the trailing twelve months is around 3.31%, more than EFAX's 2.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
BBIN JPMorgan BetaBuilders International Equity ETF | 3.31% | 3.20% | 2.83% | 3.54% | 1.07% | 0.09% | 0.00% | 0.00% | 0.00% |
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF | 2.44% | 2.71% | 2.81% | 2.58% | 1.69% | 2.71% | 3.05% | 2.89% | 0.26% |
Drawdowns
BBIN vs. EFAX - Drawdown Comparison
The maximum BBIN drawdown since its inception was -33.37%, roughly equal to the maximum EFAX drawdown of -32.53%. Use the drawdown chart below to compare losses from any high point for BBIN and EFAX. For additional features, visit the drawdowns tool.
Volatility
BBIN vs. EFAX - Volatility Comparison
JPMorgan BetaBuilders International Equity ETF (BBIN) has a higher volatility of 5.75% compared to SPDR MSCI EAFE Fossil Fuel Free ETF (EFAX) at 3.97%. This indicates that BBIN's price experiences larger fluctuations and is considered to be riskier than EFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.