BBIN vs. SPDW
Compare and contrast key facts about JPMorgan BetaBuilders International Equity ETF (BBIN) and SPDR Portfolio World ex-US ETF (SPDW).
BBIN and SPDW 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. SPDW is a passively managed fund by State Street that tracks the performance of the S&P Developed Ex-U.S. BMI Index. It was launched on Apr 26, 2007. Both BBIN and SPDW 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 SPDW.
Key characteristics
| BBIN | SPDW | |
|---|---|---|
| YTD Return | 7.00% | 7.16% |
| 1Y Return | 17.91% | 18.62% |
| 3Y Return (Ann) | 2.47% | 1.40% |
| Sharpe Ratio | 1.36 | 1.48 |
| Sortino Ratio | 1.92 | 2.09 |
| Omega Ratio | 1.24 | 1.26 |
| Calmar Ratio | 1.91 | 1.47 |
| Martin Ratio | 7.36 | 8.13 |
| Ulcer Index | 2.51% | 2.35% |
| Daily Std Dev | 13.61% | 12.97% |
| Max Drawdown | -33.37% | -60.02% |
| Current Drawdown | -6.41% | -5.66% |
Correlation
The correlation between BBIN and SPDW is 0.99, 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. SPDW - Performance Comparison
The year-to-date returns for both investments are quite close, with BBIN having a 7.00% return and SPDW slightly higher at 7.16%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BBIN vs. SPDW - Expense Ratio Comparison
BBIN has a 0.07% expense ratio, which is higher than SPDW's 0.04% expense ratio. However, 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. SPDW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders International Equity ETF (BBIN) and SPDR Portfolio World ex-US ETF (SPDW). 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. SPDW - Dividend Comparison
BBIN's dividend yield for the trailing twelve months is around 3.30%, more than SPDW's 2.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBIN JPMorgan BetaBuilders International Equity ETF | 3.30% | 3.20% | 2.83% | 3.54% | 1.07% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPDW SPDR Portfolio World ex-US ETF | 2.70% | 2.75% | 3.12% | 3.04% | 1.87% | 3.13% | 3.08% | 1.86% | 3.11% | 2.79% | 3.51% | 2.37% |
Drawdowns
BBIN vs. SPDW - Drawdown Comparison
The maximum BBIN drawdown since its inception was -33.37%, smaller than the maximum SPDW drawdown of -60.02%. Use the drawdown chart below to compare losses from any high point for BBIN and SPDW. For additional features, visit the drawdowns tool.
Volatility
BBIN vs. SPDW - Volatility Comparison
JPMorgan BetaBuilders International Equity ETF (BBIN) has a higher volatility of 5.70% compared to SPDR Portfolio World ex-US ETF (SPDW) at 3.78%. This indicates that BBIN's price experiences larger fluctuations and is considered to be riskier than SPDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.