BBJP vs. DXJS

Last updated Jul 16, 2026

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. 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

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

Returns By Period

BBJP

• 1D: -0.40%
• 1M: -1.13%
• 6M: 8.84%
• YTD: 14.52%
• 1Y: 34.58%
• 3Y*: 17.56%
• 5Y*: 9.39%
• 10Y*: —

DXJS

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BBJP vs. DXJS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BBJP JPMorgan BetaBuilders Japan ETF	14.52%	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 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.66
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 0.66 to 0.72 - a consistent structural relationship.

Return for Risk

BBJP vs. DXJS — Risk / Return Rank

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

BBJP

BBJP Risk / Return Rank: 63
BBJP Sharpe Ratio Rank: 64
BBJP Sortino Ratio Rank: 64
BBJP Omega Ratio Rank: 66
BBJP Calmar Ratio Rank: 64
BBJP Martin Ratio Rank: 60

DXJS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. 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 ratio: Return per unit of total volatility	1.69	—	—
Sortino ratio: Return per unit of downside risk	2.37	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.55	—	—
Martin ratio: Return relative to average drawdown	8.48	—	—

Drawdowns

Drawdown Indicators

	BBJP	DXJS	Difference
Max Drawdown Largest peak-to-trough decline	-32.66%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.60%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.49%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.66%	—	—
Current Drawdown Current decline from peak	-3.40%	—	—
Average Drawdown Average peak-to-trough decline	-8.44%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.09%	—	—

Volatility

Volatility by Period

	BBJP	DXJS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.69%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.54%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.41%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.40%	—	—

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 4.69%, 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	4.69%	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	0.53%	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

Can I hold both BBJP and DXJS in my portfolio?

BBJP and DXJS have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BBJP or DXJS?

On fees, BBJP is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BBJP or DXJS?

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

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

BBJP has the higher dividend yield at 4.69%, compared with 0.53% for DXJS.

What is the main difference between BBJP and 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.