BBIN vs. EFAX

Last updated Aug 5, 2026

BBIN (JPMorgan BetaBuilders International Equity ETF) and EFAX (SPDR MSCI EAFE Fossil Fuel Free ETF) are both Foreign Large Cap Equities funds - BBIN tracks the Morningstar Developed Markets ex-North America Target Market Exposure Index while EFAX tracks the MSCI EAFE ex Fossil Fuels Index. Both are passively managed. Over the past 5 years, BBIN returned 9.45%/yr vs 8.51%/yr for EFAX. Their 0.98 correlation means they have historically moved very closely together. BBIN charges 0.07%/yr vs 0.20%/yr for EFAX.

Performance

BBIN vs. EFAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders International Equity ETF (BBIN) and SPDR MSCI EAFE Fossil Fuel Free ETF (EFAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBIN achieves a 13.26% return, which is significantly higher than EFAX's 12.07% return.

BBIN

• 1D: 1.27%
• 1M: 2.54%
• 6M: 6.63%
• YTD: 13.26%
• 1Y: 25.28%
• 3Y*: 17.83%
• 5Y*: 9.45%
• 10Y*: —
• ALL TIME*: 10.59%

EFAX

• 1D: 1.40%
• 1M: 2.39%
• 6M: 7.03%
• YTD: 12.07%
• 1Y: 23.45%
• 3Y*: 17.44%
• 5Y*: 8.51%
• 10Y*: —
• ALL TIME*: 9.40%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BBIN JPMorgan BetaBuilders International Equity ETF	$21.68M	$13.42M	$10.62M
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF	$1.64M	$1.52M	$1.27M

BBIN vs. EFAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BBIN JPMorgan BetaBuilders International Equity ETF	13.26%	31.86%	3.65%	18.54%	-14.29%	11.74%	7.91%	3.13%
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF	12.07%	31.30%	4.78%	18.02%	-16.72%	10.50%	9.57%	3.08%

Correlation

The correlation between BBIN and EFAX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.98
Correlation (3Y) Balances recent behavior with more history.	0.98
Correlation (5Y) Shows whether the relationship held over a longer period.	0.98
Correlation (All Time) Calculated using the full available price history since Dec 5, 2019	0.98

The correlation between BBIN and EFAX has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

BBIN vs. EFAX - Sectors Allocation Comparison

Sectors	BBIN	EFAX
Financial Services	25.1%	26.6%
Industrials	19.2%	18.9%
Technology	12.9%	13.8%
Healthcare	10.4%	11.2%
Consumer Cyclical	7.4%	8.0%
Consumer Defensive	6.8%	7.3%
Basic Materials	5.8%	4.6%
Communication Services	3.8%	4.8%
Utilities	3.6%	3.1%
Energy	3.5%	0.1%
Real Estate	1.6%	1.8%

Return for Risk

BBIN vs. EFAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BBIN

BBIN Risk / Return Rank: 58
BBIN Sharpe Ratio Rank: 59
BBIN Sortino Ratio Rank: 59
BBIN Omega Ratio Rank: 57
BBIN Calmar Ratio Rank: 54
BBIN Martin Ratio Rank: 61

EFAX

EFAX Risk / Return Rank: 51
EFAX Sharpe Ratio Rank: 51
EFAX Sortino Ratio Rank: 52
EFAX Omega Ratio Rank: 51
EFAX Calmar Ratio Rank: 47
EFAX Martin Ratio Rank: 54

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BBIN vs. EFAX - Risk-Adjusted Trends 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.

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.

	BBIN	EFAX	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.43	+0.15
Sortino ratio: Return per unit of downside risk	2.26	2.07	+0.19
Omega ratio: Gain probability vs. loss probability	1.28	1.26	+0.02
Calmar ratio: Return relative to maximum drawdown	2.19	1.90	+0.29
Martin ratio: Return relative to average drawdown	8.20	7.05	+1.16

BBIN vs. EFAX - Sharpe Ratio Comparison

The current BBIN Sharpe Ratio is 1.59, which is comparable to the EFAX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of BBIN and EFAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	BBIN	EFAX	Difference
Max Drawdown Largest peak-to-trough decline	-33.37%	-32.53%	-0.84%
Max Drawdown (1Y) Largest decline over 1 year	-11.57%	-12.38%	+0.81%
Max Drawdown (3Y) Largest decline over 3 years	-13.98%	-13.52%	-0.46%
Max Drawdown (5Y) Largest decline over 5 years	-29.24%	-31.67%	+2.43%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.18%	-6.87%	+0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	3.34%	-0.25%

Volatility

BBIN vs. EFAX - Volatility Comparison

JPMorgan BetaBuilders International Equity ETF (BBIN) and SPDR MSCI EAFE Fossil Fuel Free ETF (EFAX) have volatilities of 4.65% and 4.87%, 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

	BBIN	EFAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	4.87%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	13.89%	14.45%	-0.56%
Volatility (1Y) Calculated over the trailing 1-year period	16.07%	16.47%	-0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.71%	16.84%	-0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.07%	17.12%	+1.95%

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%.

Dividends

BBIN vs. EFAX - Dividend Comparison

BBIN's dividend yield for the trailing twelve months is around 3.56%, more than EFAX's 3.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BBIN JPMorgan BetaBuilders International Equity ETF	3.56%	3.87%	3.41%	3.20%	2.83%	3.54%	1.07%	0.09%	0.00%	0.00%	0.00%
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF	3.06%	3.31%	2.74%	2.71%	2.81%	2.58%	1.69%	2.71%	3.05%	2.89%	0.26%

Frequently Asked Questions

Can I hold both BBIN and EFAX in my portfolio?

With a correlation of 0.98, BBIN and EFAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BBIN or EFAX?

EFAX has higher volatility (4.87%) compared to BBIN (4.65%). In terms of maximum drawdown, BBIN dropped -33.37% vs EFAX's -32.53%.

Which ETF is better, BBIN or EFAX?

On 5-year performance, BBIN leads with 9.45% vs 8.51% for EFAX. On fees, BBIN is cheaper at 0.07% per year. On volatility, BBIN has been the lower-risk option at 4.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBIN or EFAX?

Over the 5-year period, BBIN has performed better with a 9.45% return vs 8.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBIN or EFAX?

BBIN is cheaper with a 0.07% expense ratio, compared with 0.20% for EFAX.

Which ETF pays a higher dividend yield, BBIN or EFAX?

BBIN has the higher dividend yield at 3.56%, compared with 3.06% for EFAX.

What is the main difference between BBIN and EFAX?

BBIN tracks Morningstar Developed Markets ex-North America Target Market Exposure Index, while EFAX tracks MSCI EAFE ex Fossil Fuels Index. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.07% for BBIN and 0.20% for EFAX.

Which has better risk-adjusted returns?

BBIN currently has the higher Sharpe Ratio (1.59 vs 1.43), 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.