BBJP vs. DXJS
BBJP (JPMorgan BetaBuilders Japan ETF) and DXJS (WisdomTree Japan Hedged SmallCap Equity Fund) are both Japan Equities funds - BBJP tracks the Morningstar Japan Target Market Exposure Index while DXJS tracks the WisdomTree Japan Hedged SmallCap Equity Index. Both are passively managed. Over the past 5 years, BBJP returned 8.80%/yr vs 24.61%/yr for DXJS. A 0.72 correlation means they provide meaningful diversification when combined. BBJP charges 0.19%/yr vs 0.58%/yr for DXJS.
Performance
BBJP vs. DXJS - Performance Comparison
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Returns By Period
In the year-to-date period, BBJP achieves a 13.46% return, which is significantly lower than DXJS's 23.30% return.
BBJP
- 1D
- -0.16%
- 1M
- 0.39%
- YTD
- 13.46%
- 6M
- 13.18%
- 1Y
- 31.39%
- 3Y*
- 18.14%
- 5Y*
- 8.80%
- 10Y*
- —
DXJS
- 1D
- -2.83%
- 1M
- -1.82%
- YTD
- 23.30%
- 6M
- 24.94%
- 1Y
- 60.75%
- 3Y*
- 33.69%
- 5Y*
- 24.61%
- 10Y*
- 16.84%
BBJP vs. DXJS - 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% |
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 23.30% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -17.95% |
Correlation
The correlation between BBJP and DXJS is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2018 | 0.72 |
The correlation between BBJP and DXJS has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.
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Return for Risk
BBJP vs. DXJS — Risk / Return Rank
BBJP
DXJS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BBJP vs. DXJS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Japan ETF (BBJP) and WisdomTree Japan Hedged SmallCap Equity Fund (DXJS). 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 | DXJS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.51 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 6.24 | -3.92 |
| Martin ratioReturn relative to average drawdown | 7.71 | 22.10 | -14.39 |
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Drawdowns
BBJP vs. DXJS - Drawdown Comparison
The maximum BBJP drawdown since its inception was -32.66%, smaller than the maximum DXJS drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for BBJP and DXJS.
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Drawdown Indicators
| BBJP | DXJS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.66% | -39.30% | +6.64% |
Max Drawdown (1Y)Largest decline over 1 year | -13.60% | -9.82% | -3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -14.49% | -16.49% | +2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -32.66% | -16.49% | -16.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.30% | — |
Current DrawdownCurrent decline from peak | -4.30% | -6.44% | +2.14% |
Average DrawdownAverage peak-to-trough decline | -8.48% | -6.49% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 2.77% | +1.31% |
Volatility
BBJP vs. DXJS - Volatility Comparison
JPMorgan BetaBuilders Japan ETF (BBJP) has a higher volatility of 7.46% compared to WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) at 5.19%. This indicates that BBJP's price experiences larger fluctuations and is considered to be riskier than DXJS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBJP | DXJS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.46% | 5.19% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 16.37% | 15.69% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.43% | 19.86% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.37% | 18.08% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 19.72% | -1.33% |
BBJP vs. DXJS - Expense Ratio Comparison
BBJP has a 0.19% expense ratio, which is lower than DXJS's 0.58% expense ratio.
Dividends
BBJP vs. DXJS - Dividend Comparison
BBJP's dividend yield for the trailing twelve months is around 4.73%, while DXJS has not paid dividends to shareholders.
| 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% |
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 1.54% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
Frequently Asked Questions
BBJP and DXJS have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBJP has higher volatility (7.46%) compared to DXJS (5.19%). In terms of maximum drawdown, BBJP dropped -32.66% vs DXJS's -39.30%.
On 5-year performance, DXJS leads with 24.61% vs 8.80% for BBJP. On fees, BBJP is cheaper at 0.19% per year. On volatility, DXJS has been the lower-risk option at 5.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DXJS has performed better with a 24.61% return vs 8.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBJP is cheaper with a 0.19% expense ratio, compared with 0.58% for DXJS.
BBJP has the higher dividend yield at 4.73%, compared with 1.54% for DXJS.
BBJP tracks Morningstar Japan Target Market Exposure Index, while DXJS tracks WisdomTree Japan Hedged SmallCap Equity Index. They also come from different issuers: JPMorgan and WisdomTree. Their fees differ too: 0.19% for BBJP and 0.58% for DXJS.
DXJS currently has the higher Sharpe Ratio (3.08 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.
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