BBJP vs. FLJP
Compare and contrast key facts about JPMorgan BetaBuilders Japan ETF (BBJP) and Franklin FTSE Japan ETF (FLJP).
BBJP and FLJP 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. FLJP is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Japan RIC Capped Index. It was launched on Nov 2, 2017. Both BBJP and FLJP 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 FLJP.
Key characteristics
| BBJP | FLJP | |
|---|---|---|
| YTD Return | 7.24% | 6.61% |
| 1Y Return | 20.07% | 18.79% |
| 3Y Return (Ann) | 2.29% | 2.05% |
| 5Y Return (Ann) | 6.20% | 6.17% |
| Sharpe Ratio | 1.41 | 1.32 |
| Daily Std Dev | 14.67% | 14.86% |
| Max Drawdown | -32.66% | -32.49% |
| Current Drawdown | -4.45% | -4.45% |
Correlation
The correlation between BBJP and FLJP is 0.98, 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. FLJP - Performance Comparison
In the year-to-date period, BBJP achieves a 7.24% return, which is significantly higher than FLJP's 6.61% 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. 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%.
Risk-Adjusted Performance
BBJP vs. FLJP - Risk-Adjusted Performance 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.
Dividends
BBJP vs. FLJP - Dividend Comparison
BBJP's dividend yield for the trailing twelve months is around 2.84%, more than FLJP's 2.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BBJP JPMorgan BetaBuilders Japan ETF | 2.84% | 3.05% | 1.52% | 2.89% | 1.12% | 2.31% | 0.65% | 0.00% |
FLJP Franklin FTSE Japan ETF | 2.81% | 3.00% | 1.92% | 2.40% | 1.51% | 2.26% | 1.50% | 0.10% |
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. For additional features, visit the drawdowns tool.
Volatility
BBJP vs. FLJP - Volatility Comparison
JPMorgan BetaBuilders Japan ETF (BBJP) and Franklin FTSE Japan ETF (FLJP) have volatilities of 4.55% and 4.53%, 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.