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BBJP vs. EWJ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BBJP vs. EWJ

Last updated Jun 3, 2026

BBJP (JPMorgan BetaBuilders Japan ETF) and EWJ (iShares MSCI Japan ETF) are both Japan Equities funds - BBJP tracks the Morningstar Japan Target Market Exposure Index while EWJ tracks the MSCI Japan Index. Both are passively managed. Over the past 5 years, BBJP returned 9.11%/yr vs 8.95%/yr for EWJ. With a 0.99 correlation, they move nearly in lockstep. BBJP charges 0.19%/yr vs 0.49%/yr for EWJ.

Performance

BBJP vs. EWJ - Performance Comparison

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

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Returns By Period

In the year-to-date period, BBJP achieves a 14.97% return, which is significantly lower than EWJ's 15.90% return.

BBJP

1D
0.57%
1M
5.50%
YTD
14.97%
6M
16.98%
1Y
29.99%
3Y*
18.32%
5Y*
9.11%
10Y*
—

EWJ

1D
0.70%
1M
5.98%
YTD
15.90%
6M
17.72%
1Y
30.42%
3Y*
18.14%
5Y*
8.95%
10Y*
9.33%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BBJP vs. EWJ - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
BBJP
JPMorgan BetaBuilders Japan ETF		14.97%26.55%7.47%20.65%-17.24%1.21%15.42%18.85%-13.92%
EWJ
iShares MSCI Japan ETF		15.90%25.84%7.03%20.29%-17.72%1.16%15.40%19.34%-14.03%

Correlation

The correlation between BBJP and EWJ is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

1.00

Correlation (3Y)
Calculated over the trailing 3-year period

1.00

Correlation (5Y)
Calculated over the trailing 5-year period

1.00

Correlation (All Time)
Calculated using the full available price history since Jun 19, 2018

0.99

The correlation between BBJP and EWJ has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

BBJP vs. EWJ - Sectors Allocation Comparison

Sectors
BBJP
EWJ

Industrials

26.7%
26.0%

Technology

17.8%
19.1%

Financial Services

17.1%
17.5%

Consumer Cyclical

12.6%
12.2%

Communication Services

7.7%
7.9%

Healthcare

6.1%
6.3%

Consumer Defensive

3.7%
3.6%

Basic Materials

3.2%
3.0%

Real Estate

2.7%
2.3%

Utilities

1.3%
1.1%

Energy

1.0%
1.1%

Industrials

BBJP
26.7%
EWJ
26.0%

Technology

BBJP
17.8%
EWJ
19.1%

Financial Services

BBJP
17.1%
EWJ
17.5%

Consumer Cyclical

BBJP
12.6%
EWJ
12.2%

Communication Services

BBJP
7.7%
EWJ
7.9%

Healthcare

BBJP
6.1%
EWJ
6.3%

Consumer Defensive

BBJP
3.7%
EWJ
3.6%

Basic Materials

BBJP
3.2%
EWJ
3.0%

Real Estate

BBJP
2.7%
EWJ
2.3%

Utilities

BBJP
1.3%
EWJ
1.1%

Energy

BBJP
1.0%
EWJ
1.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

JPMorgan BetaBuilders Japan ETF

iShares MSCI Japan ETF

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Return for Risk

BBJP vs. EWJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BBJP
BBJP Risk / Return Rank: 4646
Overall Rank
BBJP Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
BBJP Sortino Ratio Rank: 4545
Sortino Ratio Rank
BBJP Omega Ratio Rank: 4646
Omega Ratio Rank
BBJP Calmar Ratio Rank: 4646
Calmar Ratio Rank
BBJP Martin Ratio Rank: 4747
Martin Ratio Rank
EWJ
EWJ Risk / Return Rank: 4646
Overall Rank
EWJ Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
EWJ Sortino Ratio Rank: 4646
Sortino Ratio Rank
EWJ Omega Ratio Rank: 4646
Omega Ratio Rank
EWJ Calmar Ratio Rank: 4747
Calmar Ratio Rank
EWJ Martin Ratio Rank: 4747
Martin Ratio Rank
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. EWJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Japan ETF (BBJP) and iShares MSCI Japan ETF (EWJ). 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.

BBJPEWJDifference

Sharpe ratio

Return per unit of total volatility

1.55

1.56

-0.01

Sortino ratio

Return per unit of downside risk

2.27

2.29

-0.01

Omega ratio

Gain probability vs. loss probability

1.29

1.29

0.00

Calmar ratio

Return relative to maximum drawdown

2.32

2.36

-0.04

Martin ratio

Return relative to average drawdown

7.76

7.94

-0.18

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBJP vs. EWJ - Sharpe Ratio Comparison

The current BBJP Sharpe Ratio is 1.55, which is comparable to the EWJ Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of BBJP and EWJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BBJPEWJDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.55

1.56

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

0.49

+0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.54

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.11

+0.33

Drawdowns

BBJP vs. EWJ - Drawdown Comparison

The maximum BBJP drawdown since its inception was -32.66%, smaller than the maximum EWJ drawdown of -60.93%. Use the drawdown chart below to compare losses from any high point for BBJP and EWJ.

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Drawdown Indicators

BBJPEWJDifference

Max Drawdown

Largest peak-to-trough decline

-32.66%

-60.93%

+28.27%

Max Drawdown (1Y)

Largest decline over 1 year

-13.60%

-13.59%

-0.01%

Max Drawdown (3Y)

Largest decline over 3 years

-14.49%

-14.68%

+0.19%

Max Drawdown (5Y)

Largest decline over 5 years

-32.66%

-33.14%

+0.48%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.14%

—

Current Drawdown

Current decline from peak

-1.19%

-0.42%

-0.77%

Average Drawdown

Average peak-to-trough decline

-8.53%

-21.74%

+13.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.07%

4.03%

+0.04%

Volatility

BBJP vs. EWJ - Volatility Comparison

JPMorgan BetaBuilders Japan ETF (BBJP) and iShares MSCI Japan ETF (EWJ) have volatilities of 4.29% and 4.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BBJPEWJDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.29%

4.36%

-0.07%

Volatility (6M)

Calculated over the trailing 6-month period

14.99%

15.03%

-0.04%

Volatility (1Y)

Calculated over the trailing 1-year period

19.47%

19.56%

-0.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.15%

18.23%

-0.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.29%

17.28%

+1.01%

BBJP vs. EWJ - Expense Ratio Comparison

BBJP has a 0.19% expense ratio, which is lower than EWJ's 0.49% expense ratio.

Dividends

BBJP vs. EWJ - Dividend Comparison

BBJP's dividend yield for the trailing twelve months is around 4.67%, more than EWJ's 3.90% yield.

PositionTTM20252024202320222021202020192018201720162015
BBJP
JPMorgan BetaBuilders Japan ETF		4.67%5.37%2.80%3.05%1.52%2.89%1.12%2.31%0.65%0.00%0.00%0.00%
EWJ
iShares MSCI Japan ETF		3.90%4.52%2.34%2.03%1.23%2.08%1.04%2.03%1.71%1.25%1.95%1.27%

Frequently Asked Questions

With a correlation of 1.00, BBJP and EWJ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

EWJ has higher volatility (4.36%) compared to BBJP (4.29%). In terms of maximum drawdown, BBJP dropped -32.66% vs EWJ's -60.93%.

On 5-year performance, BBJP leads with 9.11% vs 8.95% for EWJ. On fees, BBJP is cheaper at 0.19% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, BBJP has performed better with a 9.11% return vs 8.95%. 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 0.49% for EWJ.

BBJP has the higher dividend yield at 4.67%, compared with 3.90% for EWJ.

BBJP tracks Morningstar Japan Target Market Exposure Index, while EWJ tracks MSCI Japan Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.19% for BBJP and 0.49% for EWJ.

EWJ currently has the higher Sharpe Ratio (1.56 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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