BBJP vs. FLJP

Last updated Jun 4, 2026

BBJP (JPMorgan BetaBuilders Japan ETF) and FLJP (Franklin FTSE Japan ETF) are both Japan Equities funds - BBJP tracks the Morningstar Japan Target Market Exposure Index while FLJP tracks the FTSE Japan RIC Capped Index. Both are passively managed. Over the past 5 years, BBJP returned 8.92%/yr vs 9.03%/yr for FLJP. With a 0.99 correlation, they move nearly in lockstep. BBJP charges 0.19%/yr vs 0.09%/yr for FLJP.

Performance

BBJP vs. FLJP - Performance Comparison

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

Returns By Period

In the year-to-date period, BBJP achieves a 15.37% return, which is significantly lower than FLJP's 16.23% return.

BBJP

• 1D: 0.34%
• 1M: 6.13%
• YTD: 15.37%
• 6M: 17.26%
• 1Y: 32.02%
• 3Y*: 18.45%
• 5Y*: 8.92%
• 10Y*: —

FLJP

• 1D: 0.33%
• 1M: 6.40%
• YTD: 16.23%
• 6M: 17.97%
• 1Y: 32.70%
• 3Y*: 18.66%
• 5Y*: 9.03%
• 10Y*: —

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

BBJP vs. FLJP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BBJP JPMorgan BetaBuilders Japan ETF	15.37%	26.55%	7.47%	20.65%	-17.24%	1.21%	15.42%	18.85%	-13.92%
FLJP Franklin FTSE Japan ETF	16.23%	26.79%	6.99%	20.00%	-16.57%	0.99%	15.76%	18.99%	-13.86%

Correlation

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

BBJP vs. FLJP - Sectors Allocation Comparison

Sectors	BBJP	FLJP
Industrials	26.7%	25.4%
Technology	17.8%	19.7%
Financial Services	17.1%	16.0%
Consumer Cyclical	12.6%	12.2%
Communication Services	7.7%	6.3%
Healthcare	6.1%	5.8%
Consumer Defensive	3.7%	3.9%
Basic Materials	3.2%	4.9%
Real Estate	2.7%	2.9%
Utilities	1.3%	1.2%
Energy	1.0%	0.9%

Return for Risk

BBJP vs. FLJP — Risk / Return Rank

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

BBJP

BBJP Risk / Return Rank: 48
BBJP Sharpe Ratio Rank: 47
BBJP Sortino Ratio Rank: 48
BBJP Omega Ratio Rank: 49
BBJP Calmar Ratio Rank: 47
BBJP Martin Ratio Rank: 48

FLJP

FLJP Risk / Return Rank: 50
FLJP Sharpe Ratio Rank: 49
FLJP Sortino Ratio Rank: 51
FLJP Omega Ratio Rank: 51
FLJP Calmar Ratio Rank: 49
FLJP Martin Ratio Rank: 50

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. FLJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Japan ETF (BBJP) and Franklin FTSE Japan ETF (FLJP). 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.

	BBJP	FLJP	Difference
Sharpe ratio: Return per unit of total volatility	1.66	1.74	-0.08
Sortino ratio: Return per unit of downside risk	2.41	2.50	-0.09
Omega ratio: Gain probability vs. loss probability	1.31	1.33	-0.02
Calmar ratio: Return relative to maximum drawdown	2.37	2.47	-0.10
Martin ratio: Return relative to average drawdown	7.95	8.62	-0.67
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. FLJP - Sharpe Ratio Comparison

The current BBJP Sharpe Ratio is 1.66, which is comparable to the FLJP Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of BBJP and FLJP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBJP	FLJP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	1.74	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.51	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.45	0.00

Drawdowns

BBJP vs. FLJP - Drawdown Comparison

The maximum BBJP drawdown since its inception was -32.66%, roughly equal to the maximum FLJP drawdown of -32.49%. Use the drawdown chart below to compare losses from any high point for BBJP and FLJP.

Drawdown Indicators

	BBJP	FLJP	Difference
Max Drawdown Largest peak-to-trough decline	-32.66%	-32.49%	-0.17%
Max Drawdown (1Y) Largest decline over 1 year	-13.60%	-13.30%	-0.30%
Max Drawdown (3Y) Largest decline over 3 years	-14.49%	-14.17%	-0.32%
Max Drawdown (5Y) Largest decline over 5 years	-32.66%	-32.49%	-0.17%
Current Drawdown Current decline from peak	-0.85%	-0.07%	-0.78%
Average Drawdown Average peak-to-trough decline	-8.53%	-9.37%	+0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	3.80%	+0.24%

Volatility

BBJP vs. FLJP - Volatility Comparison

JPMorgan BetaBuilders Japan ETF (BBJP) and Franklin FTSE Japan ETF (FLJP) have volatilities of 4.26% and 4.11%, 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.

Volatility by Period

	BBJP	FLJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	4.11%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	14.98%	14.72%	+0.26%
Volatility (1Y) Calculated over the trailing 1-year period	19.44%	18.92%	+0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.15%	17.75%	+0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.29%	17.79%	+0.50%

BBJP vs. FLJP - Expense Ratio Comparison

BBJP has a 0.19% expense ratio, which is higher than FLJP's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BBJP vs. FLJP - Dividend Comparison

BBJP's dividend yield for the trailing twelve months is around 4.65%, more than FLJP's 4.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBJP JPMorgan BetaBuilders Japan ETF	4.65%	5.37%	2.80%	3.05%	1.52%	2.89%	1.12%	2.31%	0.65%	0.00%
FLJP Franklin FTSE Japan ETF	4.43%	5.15%	4.56%	3.00%	1.92%	2.40%	1.51%	2.26%	1.50%	0.10%

Frequently Asked Questions

Can I hold both BBJP and FLJP in my portfolio?

With a correlation of 0.99, BBJP and FLJP 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.

Which is riskier, BBJP or FLJP?

BBJP has higher volatility (4.26%) compared to FLJP (4.11%). In terms of maximum drawdown, BBJP dropped -32.66% vs FLJP's -32.49%.

Which ETF is better, BBJP or FLJP?

On 5-year performance, FLJP leads with 9.03% vs 8.92% for BBJP. On fees, FLJP is cheaper at 0.09% per year. On volatility, FLJP has been the lower-risk option at 4.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBJP or FLJP?

Over the 5-year period, FLJP has performed better with a 9.03% return vs 8.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBJP or FLJP?

FLJP is cheaper with a 0.09% expense ratio, compared with 0.19% for BBJP.

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

BBJP has the higher dividend yield at 4.65%, compared with 4.43% for FLJP.

What is the main difference between BBJP and FLJP?

BBJP tracks Morningstar Japan Target Market Exposure Index, while FLJP tracks FTSE Japan RIC Capped Index. They also come from different issuers: JPMorgan and Franklin Templeton. Their fees differ too: 0.19% for BBJP and 0.09% for FLJP.

Which has better risk-adjusted returns?

FLJP currently has the higher Sharpe Ratio (1.74 vs 1.66), 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.