BBJP vs. DXJ

Last updated Jun 13, 2026

BBJP (JPMorgan BetaBuilders Japan ETF) and DXJ (WisdomTree Japan Hedged Equity Fund) are both Japan Equities funds - BBJP tracks the Morningstar Japan Target Market Exposure Index while DXJ tracks the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 5 years, BBJP returned 8.68%/yr vs 26.01%/yr for DXJ. Their correlation of 0.83 suggests significant overlap in exposure. BBJP charges 0.19%/yr vs 0.48%/yr for DXJ.

Performance

BBJP vs. DXJ - Performance Comparison

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

Returns By Period

In the year-to-date period, BBJP achieves a 13.91% return, which is significantly lower than DXJ's 18.74% return.

BBJP

• 1D: 0.45%
• 1M: -0.91%
• YTD: 13.91%
• 6M: 13.82%
• 1Y: 30.38%
• 3Y*: 16.72%
• 5Y*: 8.68%
• 10Y*: —

DXJ

• 1D: 0.74%
• 1M: -0.20%
• YTD: 18.74%
• 6M: 19.84%
• 1Y: 53.35%
• 3Y*: 30.91%
• 5Y*: 26.01%
• 10Y*: 18.72%

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

BBJP vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BBJP JPMorgan BetaBuilders Japan ETF	13.91%	26.55%	7.47%	20.65%	-17.24%	1.21%	15.42%	18.85%	-13.92%
DXJ WisdomTree Japan Hedged Equity Fund	18.74%	32.78%	29.83%	42.04%	5.96%	17.99%	3.94%	18.94%	-16.21%

Correlation

The correlation between BBJP and DXJ is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jun 18, 2018	0.83

The correlation between BBJP and DXJ has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

BBJP vs. DXJ - Sectors Allocation Comparison

Sectors	BBJP	DXJ
Industrials	26.7%	27.4%
Technology	17.8%	12.9%
Financial Services	17.1%	18.3%
Consumer Cyclical	12.6%	15.6%
Communication Services	7.7%	2.7%
Healthcare	6.1%	6.8%
Consumer Defensive	3.7%	4.7%
Basic Materials	3.2%	8.5%
Real Estate	2.7%	-
Utilities	1.3%	0.1%
Energy	1.0%	1.7%

Return for Risk

BBJP vs. DXJ — Risk / Return Rank

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

BBJP

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

DXJ

DXJ Risk / Return Rank: 92
DXJ Sharpe Ratio Rank: 93
DXJ Sortino Ratio Rank: 93
DXJ Omega Ratio Rank: 92
DXJ Calmar Ratio Rank: 90
DXJ Martin Ratio Rank: 91

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. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Japan ETF (BBJP) and WisdomTree Japan Hedged Equity Fund (DXJ). 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	DXJ	Difference
Sharpe ratio: Return per unit of total volatility	1.52	3.02	-1.50
Sortino ratio: Return per unit of downside risk	2.22	4.04	-1.82
Omega ratio: Gain probability vs. loss probability	1.28	1.54	-0.26
Calmar ratio: Return relative to maximum drawdown	2.24	4.88	-2.64
Martin ratio: Return relative to average drawdown	7.49	18.93	-11.44

BBJP vs. DXJ - Sharpe Ratio Comparison

The current BBJP Sharpe Ratio is 1.52, which is lower than the DXJ Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of BBJP and DXJ, 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. DXJ - Drawdown Comparison

The maximum BBJP drawdown since its inception was -32.66%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for BBJP and DXJ.

Drawdown Indicators

	BBJP	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-32.66%	-49.63%	+16.97%
Max Drawdown (1Y) Largest decline over 1 year	-13.60%	-10.98%	-2.62%
Max Drawdown (3Y) Largest decline over 3 years	-14.49%	-22.19%	+7.70%
Max Drawdown (5Y) Largest decline over 5 years	-32.66%	-22.19%	-10.47%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.14%	—
Current Drawdown Current decline from peak	-2.10%	-1.34%	-0.76%
Average Drawdown Average peak-to-trough decline	-8.50%	-14.32%	+5.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	2.83%	+1.24%

Volatility

BBJP vs. DXJ - Volatility Comparison

JPMorgan BetaBuilders Japan ETF (BBJP) has a higher volatility of 5.88% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 4.64%. This indicates that BBJP's price experiences larger fluctuations and is considered to be riskier than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBJP	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.88%	4.64%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	15.78%	13.56%	+2.22%
Volatility (1Y) Calculated over the trailing 1-year period	20.02%	17.73%	+2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.28%	19.02%	-0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.34%	20.17%	-1.83%

BBJP vs. DXJ - Expense Ratio Comparison

BBJP has a 0.19% expense ratio, which is lower than DXJ's 0.48% expense ratio.

Dividends

BBJP vs. DXJ - Dividend Comparison

BBJP's dividend yield for the trailing twelve months is around 4.71%, more than DXJ's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBJP JPMorgan BetaBuilders Japan ETF	4.71%	5.37%	2.80%	3.05%	1.52%	2.89%	1.12%	2.31%	0.65%	0.00%	0.00%	0.00%
DXJ WisdomTree Japan Hedged Equity Fund	1.09%	1.29%	3.48%	3.44%	3.02%	2.64%	2.53%	2.47%	2.92%	2.30%	1.98%	5.95%

Frequently Asked Questions

Can I hold both BBJP and DXJ in my portfolio?

BBJP and DXJ have a correlation of 0.84, 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 DXJ?

BBJP has higher volatility (5.88%) compared to DXJ (4.64%). In terms of maximum drawdown, BBJP dropped -32.66% vs DXJ's -49.63%.

Which ETF is better, BBJP or DXJ?

On 5-year performance, DXJ leads with 26.01% vs 8.68% for BBJP. On fees, BBJP is cheaper at 0.19% per year. On volatility, DXJ has been the lower-risk option at 4.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBJP or DXJ?

Over the 5-year period, DXJ has performed better with a 26.01% return vs 8.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBJP or DXJ?

BBJP is cheaper with a 0.19% expense ratio, compared with 0.48% for DXJ.

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

BBJP has the higher dividend yield at 4.71%, compared with 1.09% for DXJ.

What is the main difference between BBJP and DXJ?

BBJP tracks Morningstar Japan Target Market Exposure Index, while DXJ tracks WisdomTree Japan Hedged Equity Index. They also come from different issuers: JPMorgan and WisdomTree. Their fees differ too: 0.19% for BBJP and 0.48% for DXJ.

Which has better risk-adjusted returns?

DXJ currently has the higher Sharpe Ratio (3.02 vs 1.52), 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.