BBJP vs. BBAX
Compare and contrast key facts about JPMorgan BetaBuilders Japan ETF (BBJP) and JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX).
BBJP and BBAX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBJP is a passively managed fund by JPMorgan Chase that tracks the performance of the Morningstar Japan Target Market Exposure Index. It was launched on Jun 15, 2018. BBAX is a passively managed fund by JPMorgan Chase that tracks the performance of the Morningstar Developed Asia Pacific ex-Japan Target Market Exposure Index. It was launched on Aug 7, 2018. Both BBJP and BBAX 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: BBJP or BBAX.
Performance
BBJP vs. BBAX - Performance Comparison
Returns By Period
In the year-to-date period, BBJP achieves a 6.42% return, which is significantly lower than BBAX's 8.24% return.
BBJP
6.42%
-0.82%
0.43%
10.80%
4.56%
N/A
BBAX
8.24%
-0.38%
8.35%
16.92%
5.20%
N/A
Key characteristics
| BBJP | BBAX | |
|---|---|---|
| Sharpe Ratio | 0.67 | 1.08 |
| Sortino Ratio | 1.00 | 1.58 |
| Omega Ratio | 1.13 | 1.19 |
| Calmar Ratio | 0.91 | 1.14 |
| Martin Ratio | 2.91 | 4.96 |
| Ulcer Index | 3.96% | 3.40% |
| Daily Std Dev | 17.11% | 15.65% |
| Max Drawdown | -32.66% | -39.64% |
| Current Drawdown | -7.54% | -4.54% |
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BBJP vs. BBAX - Expense Ratio Comparison
Both BBJP and BBAX have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between BBJP and BBAX is 0.71, 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.
Risk-Adjusted Performance
BBJP vs. BBAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Japan ETF (BBJP) and JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX). 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
BBJP vs. BBAX - Dividend Comparison
BBJP's dividend yield for the trailing twelve months is around 2.86%, less than BBAX's 4.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
BBJP JPMorgan BetaBuilders Japan ETF | 2.86% | 3.05% | 1.51% | 2.89% | 1.12% | 2.31% | 0.65% |
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF | 4.32% | 4.17% | 5.06% | 5.47% | 2.57% | 4.07% | 1.36% |
Drawdowns
BBJP vs. BBAX - Drawdown Comparison
The maximum BBJP drawdown since its inception was -32.66%, smaller than the maximum BBAX drawdown of -39.64%. Use the drawdown chart below to compare losses from any high point for BBJP and BBAX. For additional features, visit the drawdowns tool.
Volatility
BBJP vs. BBAX - Volatility Comparison
The current volatility for JPMorgan BetaBuilders Japan ETF (BBJP) is 3.45%, while JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) has a volatility of 4.80%. This indicates that BBJP experiences smaller price fluctuations and is considered to be less risky than BBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.