BBJP vs. DFJ

Last updated Jun 25, 2026

BBJP (JPMorgan BetaBuilders Japan ETF) and DFJ (WisdomTree Japan SmallCap Dividend Fund) are both Japan Equities funds - BBJP tracks the Morningstar Japan Target Market Exposure Index while DFJ tracks the WisdomTree Japan SmallCap Dividend Index. Both are passively managed. Over the past 5 years, BBJP returned 8.80%/yr vs 10.04%/yr for DFJ. Their correlation of 0.86 suggests significant overlap in exposure. BBJP charges 0.19%/yr vs 0.58%/yr for DFJ.

Performance

BBJP vs. DFJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Japan ETF (BBJP) and WisdomTree Japan SmallCap Dividend Fund (DFJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBJP achieves a 13.46% return, which is significantly higher than DFJ's 10.99% return.

BBJP

• 1D: -0.16%
• 1M: 0.39%
• YTD: 13.46%
• 6M: 13.18%
• 1Y: 31.39%
• 3Y*: 18.14%
• 5Y*: 8.80%
• 10Y*: —

DFJ

• 1D: 0.63%
• 1M: 0.49%
• YTD: 10.99%
• 6M: 11.18%
• 1Y: 29.58%
• 3Y*: 20.08%
• 5Y*: 10.04%
• 10Y*: 9.39%

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

BBJP vs. DFJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BBJP JPMorgan BetaBuilders Japan ETF	13.46%	26.55%	7.47%	20.65%	-17.24%	1.21%	15.42%	18.85%	-13.92%
DFJ WisdomTree Japan SmallCap Dividend Fund	10.99%	31.90%	2.80%	21.81%	-9.00%	0.38%	1.29%	16.98%	-18.65%

Correlation

The correlation between BBJP and DFJ is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jun 18, 2018	0.86

The correlation between BBJP and DFJ shifts across timeframes, from 0.73 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

BBJP vs. DFJ - Sectors Allocation Comparison

Sectors	BBJP	DFJ
Industrials	23.5%	27.1%
Technology	23.0%	13.0%
Financial Services	18.2%	13.1%
Consumer Cyclical	11.6%	15.0%
Communication Services	6.2%	1.4%
Healthcare	5.9%	3.7%
Consumer Defensive	3.5%	6.3%
Basic Materials	3.4%	13.6%
Real Estate	2.1%	2.7%
Utilities	1.1%	1.5%
Energy	0.8%	0.6%

Return for Risk

BBJP vs. DFJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBJP

BBJP Risk / Return Rank: 50
BBJP Sharpe Ratio Rank: 49
BBJP Sortino Ratio Rank: 49
BBJP Omega Ratio Rank: 51
BBJP Calmar Ratio Rank: 52
BBJP Martin Ratio Rank: 50

DFJ

DFJ Risk / Return Rank: 53
DFJ Sharpe Ratio Rank: 59
DFJ Sortino Ratio Rank: 58
DFJ Omega Ratio Rank: 55
DFJ Calmar Ratio Rank: 52
DFJ Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBJP vs. DFJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Japan ETF (BBJP) and WisdomTree Japan SmallCap Dividend Fund (DFJ). 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.

	BBJP	DFJ	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.76	-0.22
Sortino ratio: Return per unit of downside risk	2.20	2.46	-0.26
Omega ratio: Gain probability vs. loss probability	1.29	1.31	-0.01
Calmar ratio: Return relative to maximum drawdown	2.32	2.28	+0.04
Martin ratio: Return relative to average drawdown	7.71	6.34	+1.37

BBJP vs. DFJ - Sharpe Ratio Comparison

The current BBJP Sharpe Ratio is 1.55, which is comparable to the DFJ Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of BBJP and DFJ, 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

BBJP vs. DFJ - Drawdown Comparison

The maximum BBJP drawdown since its inception was -32.66%, smaller than the maximum DFJ drawdown of -46.00%. Use the drawdown chart below to compare losses from any high point for BBJP and DFJ.

Drawdown Indicators

	BBJP	DFJ	Difference
Max Drawdown Largest peak-to-trough decline	-32.66%	-46.00%	+13.34%
Max Drawdown (1Y) Largest decline over 1 year	-13.60%	-13.03%	-0.57%
Max Drawdown (3Y) Largest decline over 3 years	-14.49%	-13.03%	-1.46%
Max Drawdown (5Y) Largest decline over 5 years	-32.66%	-29.71%	-2.95%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.02%	—
Current Drawdown Current decline from peak	-4.30%	-5.27%	+0.97%
Average Drawdown Average peak-to-trough decline	-8.48%	-11.14%	+2.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.08%	4.68%	-0.60%

Volatility

BBJP vs. DFJ - Volatility Comparison

JPMorgan BetaBuilders Japan ETF (BBJP) has a higher volatility of 7.46% compared to WisdomTree Japan SmallCap Dividend Fund (DFJ) at 5.42%. This indicates that BBJP's price experiences larger fluctuations and is considered to be riskier than DFJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBJP	DFJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.46%	5.42%	+2.04%
Volatility (6M) Calculated over the trailing 6-month period	16.37%	13.93%	+2.44%
Volatility (1Y) Calculated over the trailing 1-year period	20.43%	16.85%	+3.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.37%	15.96%	+2.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.39%	16.93%	+1.46%

BBJP vs. DFJ - Expense Ratio Comparison

BBJP has a 0.19% expense ratio, which is lower than DFJ's 0.58% expense ratio.

Dividends

BBJP vs. DFJ - Dividend Comparison

BBJP's dividend yield for the trailing twelve months is around 4.73%, more than DFJ's 2.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBJP JPMorgan BetaBuilders Japan ETF	4.73%	5.37%	2.80%	3.05%	1.52%	2.89%	1.12%	2.31%	0.65%	0.00%	0.00%	0.00%
DFJ WisdomTree Japan SmallCap Dividend Fund	2.39%	2.68%	2.46%	2.43%	2.62%	2.07%	2.59%	2.24%	1.89%	1.60%	1.76%	1.23%

Frequently Asked Questions

Can I hold both BBJP and DFJ in my portfolio?

BBJP and DFJ have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBJP or DFJ?

BBJP has higher volatility (7.46%) compared to DFJ (5.42%). In terms of maximum drawdown, BBJP dropped -32.66% vs DFJ's -46.00%.

Which ETF is better, BBJP or DFJ?

On 5-year performance, DFJ leads with 10.04% vs 8.80% for BBJP. On fees, BBJP is cheaper at 0.19% per year. On volatility, DFJ has been the lower-risk option at 5.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBJP or DFJ?

Over the 5-year period, DFJ has performed better with a 10.04% return vs 8.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBJP or DFJ?

BBJP is cheaper with a 0.19% expense ratio, compared with 0.58% for DFJ.

Which ETF pays a higher dividend yield, BBJP or DFJ?

BBJP has the higher dividend yield at 4.73%, compared with 2.39% for DFJ.

What is the main difference between BBJP and DFJ?

BBJP tracks Morningstar Japan Target Market Exposure Index, while DFJ tracks WisdomTree Japan SmallCap Dividend Index. They also come from different issuers: JPMorgan and WisdomTree. Their fees differ too: 0.19% for BBJP and 0.58% for DFJ.

Which has better risk-adjusted returns?

DFJ currently has the higher Sharpe Ratio (1.76 vs 1.55), 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.