BBIN vs. HDEF

Last updated Aug 4, 2026

BBIN (JPMorgan BetaBuilders International Equity ETF) and HDEF (Xtrackers MSCI EAFE High Dividend Yield Equity ETF) are both Foreign Large Cap Equities funds - BBIN tracks the Morningstar Developed Markets ex-North America Target Market Exposure Index while HDEF tracks the MSCI EAFE High Dividend Yield US Dollar Hedged Index. Both are passively managed. Over the past 5 years, BBIN returned 9.27%/yr vs 11.74%/yr for HDEF. Their correlation of 0.89 means they have usually moved in the same direction. BBIN charges 0.07%/yr vs 0.20%/yr for HDEF.

Performance

BBIN vs. HDEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders International Equity ETF (BBIN) and Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BBIN having a 11.84% return and HDEF slightly higher at 11.93%.

BBIN

• 1D: 0.40%
• 1M: 1.26%
• 6M: 5.47%
• YTD: 11.84%
• 1Y: 25.51%
• 3Y*: 17.33%
• 5Y*: 9.27%
• 10Y*: —
• ALL TIME*: 10.38%

HDEF

• 1D: -0.35%
• 1M: 3.34%
• 6M: 7.69%
• YTD: 11.93%
• 1Y: 23.18%
• 3Y*: 18.27%
• 5Y*: 11.74%
• 10Y*: 9.03%
• ALL TIME*: 8.06%

*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	$21.58M	$13.94M	$10.75M
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF	$3.48M	$3.76M	$5.72M

BBIN vs. HDEF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BBIN JPMorgan BetaBuilders International Equity ETF	11.84%	31.86%	3.65%	18.54%	-14.29%	11.74%	7.91%	3.13%
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF	11.93%	33.01%	2.85%	18.53%	-2.51%	6.95%	-1.90%	4.26%

Correlation

The correlation between BBIN and HDEF is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.72
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (All Time) Calculated using the full available price history since Dec 5, 2019	0.89

The correlation between BBIN and HDEF shifts across timeframes, from 0.72 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

BBIN vs. HDEF - Sectors Allocation Comparison

Sectors	BBIN	HDEF
Financial Services	25.1%	27.2%
Industrials	19.2%	7.6%
Technology	12.9%	0.6%
Healthcare	10.4%	17.2%
Consumer Cyclical	7.4%	3.8%
Consumer Defensive	6.8%	20.0%
Basic Materials	5.8%	0.6%
Communication Services	3.8%	3.7%
Utilities	3.6%	8.1%
Energy	3.5%	10.4%
Real Estate	1.6%	0.8%

Return for Risk

BBIN vs. HDEF — Risk / Return Rank

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

BBIN

BBIN Risk / Return Rank: 65
BBIN Sharpe Ratio Rank: 67
BBIN Sortino Ratio Rank: 67
BBIN Omega Ratio Rank: 65
BBIN Calmar Ratio Rank: 60
BBIN Martin Ratio Rank: 66

HDEF

HDEF Risk / Return Rank: 79
HDEF Sharpe Ratio Rank: 84
HDEF Sortino Ratio Rank: 83
HDEF Omega Ratio Rank: 84
HDEF Calmar Ratio Rank: 79
HDEF Martin Ratio Rank: 66

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. HDEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders International Equity ETF (BBIN) and Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF). 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	HDEF	Difference
Sharpe ratio: Return per unit of total volatility	1.60	2.01	-0.41
Sortino ratio: Return per unit of downside risk	2.28	2.81	-0.53
Omega ratio: Gain probability vs. loss probability	1.28	1.37	-0.09
Calmar ratio: Return relative to maximum drawdown	2.22	2.90	-0.69
Martin ratio: Return relative to average drawdown	8.28	8.29	-0.01

BBIN vs. HDEF - Sharpe Ratio Comparison

The current BBIN Sharpe Ratio is 1.60, which is comparable to the HDEF Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of BBIN and HDEF, 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. HDEF - Drawdown Comparison

The maximum BBIN drawdown since its inception was -33.37%, smaller than the maximum HDEF drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for BBIN and HDEF.

Drawdown Indicators

	BBIN	HDEF	Difference
Max Drawdown Largest peak-to-trough decline	-33.37%	-36.43%	+3.06%
Max Drawdown (1Y) Largest decline over 1 year	-11.57%	-8.03%	-3.54%
Max Drawdown (3Y) Largest decline over 3 years	-13.98%	-11.15%	-2.83%
Max Drawdown (5Y) Largest decline over 5 years	-29.24%	-23.63%	-5.61%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.43%	—
Current Drawdown Current decline from peak	-0.28%	-1.30%	+1.02%
Average Drawdown Average peak-to-trough decline	-6.18%	-5.02%	-1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	2.80%	+0.29%

Volatility

BBIN vs. HDEF - Volatility Comparison

JPMorgan BetaBuilders International Equity ETF (BBIN) has a higher volatility of 4.59% compared to Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF) at 2.63%. This indicates that BBIN's price experiences larger fluctuations and is considered to be riskier than HDEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBIN	HDEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.59%	2.63%	+1.96%
Volatility (6M) Calculated over the trailing 6-month period	13.85%	9.46%	+4.39%
Volatility (1Y) Calculated over the trailing 1-year period	16.06%	11.63%	+4.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.70%	14.15%	+2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.07%	16.14%	+2.93%

BBIN vs. HDEF - Expense Ratio Comparison

BBIN has a 0.07% expense ratio, which is lower than HDEF'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. HDEF - Dividend Comparison

BBIN's dividend yield for the trailing twelve months is around 3.61%, less than HDEF's 3.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBIN JPMorgan BetaBuilders International Equity ETF	3.61%	3.87%	3.41%	3.20%	2.83%	3.54%	1.07%	0.09%	0.00%	0.00%	0.00%	0.00%
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF	3.71%	3.88%	4.53%	4.38%	5.41%	4.76%	3.93%	4.20%	3.55%	3.38%	9.53%	1.87%

Frequently Asked Questions

Can I hold both BBIN and HDEF in my portfolio?

BBIN and HDEF have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBIN or HDEF?

BBIN has higher volatility (4.59%) compared to HDEF (2.63%). In terms of maximum drawdown, BBIN dropped -33.37% vs HDEF's -36.43%.

Which ETF is better, BBIN or HDEF?

On 5-year performance, HDEF leads with 11.74% vs 9.27% for BBIN. On fees, BBIN is cheaper at 0.07% per year. On volatility, HDEF has been the lower-risk option at 2.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBIN or HDEF?

Over the 5-year period, HDEF has performed better with a 11.74% return vs 9.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBIN or HDEF?

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

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

HDEF has the higher dividend yield at 3.71%, compared with 3.61% for BBIN.

What is the main difference between BBIN and HDEF?

BBIN tracks Morningstar Developed Markets ex-North America Target Market Exposure Index, while HDEF tracks MSCI EAFE High Dividend Yield US Dollar Hedged Index. They also come from different issuers: JPMorgan and Deutsche Bank. Their fees differ too: 0.07% for BBIN and 0.20% for HDEF.

Which has better risk-adjusted returns?

HDEF currently has the higher Sharpe Ratio (2.01 vs 1.60), 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.