BBJP vs. GPIX

Last updated Jul 26, 2026

BBJP (JPMorgan BetaBuilders Japan ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - BBJP is a Japan Equities fund tracking the Morningstar Japan Target Market Exposure Index, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. BBJP is passively managed, while GPIX is actively managed. Over the past year, BBJP returned 24.42% vs 17.54% for GPIX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. BBJP charges 0.19%/yr vs 0.29%/yr for GPIX.

Performance

BBJP vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Japan ETF (BBJP) and Goldman Sachs S&P 500 Premium Income ETF (GPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBJP achieves a 11.90% return, which is significantly higher than GPIX's 9.04% return.

BBJP

• 1D: 0.19%
• 1M: -2.16%
• 6M: 6.85%
• YTD: 11.90%
• 1Y: 24.42%
• 3Y*: 16.52%
• 5Y*: 8.67%
• 10Y*: —
• ALL TIME*: 7.64%

GPIX

• 1D: 0.09%
• 1M: 1.01%
• 6M: 7.83%
• YTD: 9.04%
• 1Y: 17.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.49%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BBJP JPMorgan BetaBuilders Japan ETF	$122.93M	$111.87M	$115.37M
GPIX Goldman Sachs S&P 500 Premium Income ETF	$50.34M	$51.86M	$49.74M

BBJP vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BBJP JPMorgan BetaBuilders Japan ETF	11.90%	26.55%	7.47%	11.78%
GPIX Goldman Sachs S&P 500 Premium Income ETF	9.04%	16.25%	21.77%	13.04%

Correlation

The correlation between BBJP and GPIX is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.65
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.61

The correlation between BBJP and GPIX has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.

BBJP vs. GPIX - Sectors Allocation Comparison

Sectors	BBJP	GPIX
Industrials	25.6%	8.4%
Technology	22.2%	38.5%
Financial Services	18.8%	11.9%
Consumer Cyclical	10.7%	9.5%
Healthcare	5.8%	8.9%
Communication Services	4.6%	9.5%
Basic Materials	4.1%	1.7%
Consumer Defensive	3.6%	4.7%
Real Estate	2.2%	1.8%
Utilities	1.0%	2.2%
Energy	0.9%	3.0%

Return for Risk

BBJP vs. GPIX — 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: 46
BBJP Omega Ratio Rank: 48
BBJP Calmar Ratio Rank: 48
BBJP Martin Ratio Rank: 48

GPIX

GPIX Risk / Return Rank: 73
GPIX Sharpe Ratio Rank: 72
GPIX Sortino Ratio Rank: 71
GPIX Omega Ratio Rank: 73
GPIX Calmar Ratio Rank: 67
GPIX Martin Ratio Rank: 82

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. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Japan ETF (BBJP) and Goldman Sachs S&P 500 Premium Income ETF (GPIX). 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	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.14	1.64	-0.50
Sortino ratio: Return per unit of downside risk	1.67	2.30	-0.63
Omega ratio: Gain probability vs. loss probability	1.22	1.30	-0.09
Calmar ratio: Return relative to maximum drawdown	1.70	2.33	-0.64
Martin ratio: Return relative to average drawdown	5.53	11.09	-5.56

BBJP vs. GPIX - Sharpe Ratio Comparison

The current BBJP Sharpe Ratio is 1.14, which is lower than the GPIX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of BBJP and GPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BBJP vs. GPIX - Drawdown Comparison

The maximum BBJP drawdown since its inception was -32.66%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for BBJP and GPIX.

Drawdown Indicators

	BBJP	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-32.66%	-17.50%	-15.16%
Max Drawdown (1Y) Largest decline over 1 year	-13.60%	-7.71%	-5.89%
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	-5.62%	-1.65%	-3.97%
Average Drawdown Average peak-to-trough decline	-8.43%	-1.46%	-6.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.19%	1.62%	+2.57%

Volatility

BBJP vs. GPIX - Volatility Comparison

JPMorgan BetaBuilders Japan ETF (BBJP) has a higher volatility of 5.94% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 2.63%. This indicates that BBJP's price experiences larger fluctuations and is considered to be riskier than GPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBJP	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.94%	2.63%	+3.31%
Volatility (6M) Calculated over the trailing 6-month period	16.84%	8.74%	+8.10%
Volatility (1Y) Calculated over the trailing 1-year period	20.22%	10.98%	+9.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.45%	13.75%	+4.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.41%	13.75%	+4.66%

BBJP vs. GPIX - Expense Ratio Comparison

BBJP has a 0.19% expense ratio, which is lower than GPIX's 0.29% expense ratio.

Dividends

BBJP vs. GPIX - Dividend Comparison

BBJP's dividend yield for the trailing twelve months is around 4.80%, less than GPIX's 8.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBJP JPMorgan BetaBuilders Japan ETF	4.80%	5.37%	2.80%	3.05%	1.52%	2.89%	1.12%	2.31%	0.65%
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.19%	8.01%	7.45%	1.40%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBJP and GPIX in my portfolio?

BBJP and GPIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBJP or GPIX?

BBJP has higher volatility (5.94%) compared to GPIX (2.63%). In terms of maximum drawdown, BBJP dropped -32.66% vs GPIX's -17.50%.

Which ETF is better, BBJP or GPIX?

On 1-year performance, BBJP leads with 24.42% vs 17.54% for GPIX. On fees, BBJP is cheaper at 0.19% per year. On volatility, GPIX has been the lower-risk option at 2.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBJP or GPIX?

Over the 1-year period, BBJP has performed better with a 24.42% return vs 17.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBJP or GPIX?

BBJP is cheaper with a 0.19% expense ratio, compared with 0.29% for GPIX.

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

GPIX has the higher dividend yield at 8.19%, compared with 4.80% for BBJP.

What is the main difference between BBJP and GPIX?

BBJP is categorized as Japan Equities, while GPIX is Derivative Income. They also come from different issuers: JPMorgan and Goldman Sachs. Their fees differ too: 0.19% for BBJP and 0.29% for GPIX.

Which has better risk-adjusted returns?

GPIX currently has the higher Sharpe Ratio (1.64 vs 1.14), 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.