BBJP vs. DXJ
Compare and contrast key facts about JPMorgan BetaBuilders Japan ETF (BBJP) and WisdomTree Japan Hedged Equity Fund (DXJ).
BBJP and DXJ 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. DXJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Hedged Equity Index. It was launched on Jun 16, 2006. Both BBJP and DXJ 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 DXJ.
Key characteristics
| BBJP | DXJ | |
|---|---|---|
| YTD Return | 8.55% | 23.25% |
| 1Y Return | 21.17% | 55.64% |
| 3Y Return (Ann) | 3.17% | 25.95% |
| 5Y Return (Ann) | 6.45% | 19.19% |
| Sharpe Ratio | 1.46 | 3.44 |
| Daily Std Dev | 14.71% | 15.91% |
| Max Drawdown | -32.66% | -49.63% |
| Current Drawdown | -3.27% | -0.99% |
Correlation
The correlation between BBJP and DXJ is 0.83, 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
BBJP vs. DXJ - Performance Comparison
In the year-to-date period, BBJP achieves a 8.55% return, which is significantly lower than DXJ's 23.25% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BBJP vs. DXJ - Expense Ratio Comparison
BBJP has a 0.19% expense ratio, which is lower than DXJ's 0.48% expense ratio.
Risk-Adjusted Performance
BBJP vs. DXJ - Risk-Adjusted Performance 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.
Dividends
BBJP vs. DXJ - Dividend Comparison
BBJP's dividend yield for the trailing twelve months is around 2.81%, more than DXJ's 2.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBJP JPMorgan BetaBuilders Japan ETF | 2.81% | 3.05% | 1.52% | 2.89% | 1.12% | 2.31% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DXJ WisdomTree Japan Hedged Equity Fund | 2.50% | 3.44% | 3.02% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% | 11.61% | 2.44% |
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. For additional features, visit the drawdowns tool.
Volatility
BBJP vs. DXJ - Volatility Comparison
JPMorgan BetaBuilders Japan ETF (BBJP) has a higher volatility of 4.63% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 4.40%. 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.