BBJP vs. GSIE

Last updated Jul 26, 2026

BBJP (JPMorgan BetaBuilders Japan ETF) and GSIE (Goldman Sachs ActiveBeta International Equity ETF) are both exchange-traded funds - BBJP is a Japan Equities fund tracking the Morningstar Japan Target Market Exposure Index, while GSIE is a Foreign Large Cap Equities fund tracking the Goldman Sachs ActiveBeta International Equity Index. Both are passively managed. Over the past 5 years, BBJP returned 8.67%/yr vs 8.63%/yr for GSIE. Their correlation of 0.82 means they have usually moved in the same direction. BBJP charges 0.19%/yr vs 0.25%/yr for GSIE.

Performance

BBJP vs. GSIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Japan ETF (BBJP) and Goldman Sachs ActiveBeta International Equity ETF (GSIE). 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 GSIE's 8.75% 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%

GSIE

• 1D: 0.46%
• 1M: 1.03%
• 6M: 5.39%
• YTD: 8.75%
• 1Y: 17.13%
• 3Y*: 15.96%
• 5Y*: 8.63%
• 10Y*: 9.39%
• ALL TIME*: 8.80%

*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
GSIE Goldman Sachs ActiveBeta International Equity ETF	$16.98M	$19.56M	$19.60M

BBJP vs. GSIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BBJP JPMorgan BetaBuilders Japan ETF	11.90%	26.55%	7.47%	20.65%	-17.24%	1.21%	15.42%	18.85%	-13.92%
GSIE Goldman Sachs ActiveBeta International Equity ETF	8.75%	32.53%	5.23%	16.99%	-15.86%	13.27%	7.45%	22.83%	-14.76%

Correlation

The correlation between BBJP and GSIE is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.81
Correlation (All Time) Calculated using the full available price history since Jun 18, 2018	0.82

The correlation between BBJP and GSIE has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.

BBJP vs. GSIE - Sectors Allocation Comparison

Sectors	BBJP	GSIE
Industrials	25.6%	18.6%
Technology	22.2%	10.6%
Financial Services	18.8%	27.3%
Consumer Cyclical	10.7%	8.6%
Healthcare	5.8%	9.6%
Communication Services	4.6%	3.8%
Basic Materials	4.1%	5.4%
Consumer Defensive	3.6%	7.5%
Real Estate	2.2%	1.2%
Utilities	1.0%	3.3%
Energy	0.9%	4.2%

Return for Risk

BBJP vs. GSIE — 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

GSIE

GSIE Risk / Return Rank: 48
GSIE Sharpe Ratio Rank: 49
GSIE Sortino Ratio Rank: 48
GSIE Omega Ratio Rank: 47
GSIE Calmar Ratio Rank: 45
GSIE Martin Ratio Rank: 52

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. GSIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Japan ETF (BBJP) and Goldman Sachs ActiveBeta International Equity ETF (GSIE). 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	GSIE	Difference
Sharpe ratio: Return per unit of total volatility	1.14	1.17	-0.03
Sortino ratio: Return per unit of downside risk	1.67	1.72	-0.05
Omega ratio: Gain probability vs. loss probability	1.22	1.21	+0.01
Calmar ratio: Return relative to maximum drawdown	1.70	1.58	+0.12
Martin ratio: Return relative to average drawdown	5.53	5.99	-0.46

BBJP vs. GSIE - Sharpe Ratio Comparison

The current BBJP Sharpe Ratio is 1.14, which is comparable to the GSIE Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of BBJP and GSIE, 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. GSIE - Drawdown Comparison

The maximum BBJP drawdown since its inception was -32.66%, smaller than the maximum GSIE drawdown of -34.63%. Use the drawdown chart below to compare losses from any high point for BBJP and GSIE.

Drawdown Indicators

	BBJP	GSIE	Difference
Max Drawdown Largest peak-to-trough decline	-32.66%	-34.63%	+1.97%
Max Drawdown (1Y) Largest decline over 1 year	-13.60%	-10.76%	-2.84%
Max Drawdown (3Y) Largest decline over 3 years	-14.49%	-13.07%	-1.42%
Max Drawdown (5Y) Largest decline over 5 years	-32.66%	-29.97%	-2.69%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.63%	—
Current Drawdown Current decline from peak	-5.62%	-1.06%	-4.56%
Average Drawdown Average peak-to-trough decline	-8.43%	-5.99%	-2.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.19%	2.84%	+1.35%

Volatility

BBJP vs. GSIE - Volatility Comparison

JPMorgan BetaBuilders Japan ETF (BBJP) has a higher volatility of 5.94% compared to Goldman Sachs ActiveBeta International Equity ETF (GSIE) at 3.56%. This indicates that BBJP's price experiences larger fluctuations and is considered to be riskier than GSIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBJP	GSIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.94%	3.56%	+2.38%
Volatility (6M) Calculated over the trailing 6-month period	16.84%	12.39%	+4.45%
Volatility (1Y) Calculated over the trailing 1-year period	20.22%	14.49%	+5.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.45%	16.08%	+2.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.41%	16.49%	+1.92%

BBJP vs. GSIE - Expense Ratio Comparison

BBJP has a 0.19% expense ratio, which is lower than GSIE's 0.25% expense ratio. Despite the difference, 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. GSIE - Dividend Comparison

BBJP's dividend yield for the trailing twelve months is around 4.80%, more than GSIE's 2.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBJP JPMorgan BetaBuilders Japan ETF	4.80%	5.37%	2.80%	3.05%	1.52%	2.89%	1.12%	2.31%	0.65%	0.00%	0.00%	0.00%
GSIE Goldman Sachs ActiveBeta International Equity ETF	2.56%	2.65%	3.11%	2.87%	3.01%	2.40%	1.60%	2.80%	2.68%	2.31%	2.15%	0.13%

Frequently Asked Questions

Can I hold both BBJP and GSIE in my portfolio?

BBJP and GSIE have a correlation of 0.81, 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 GSIE?

BBJP has higher volatility (5.94%) compared to GSIE (3.56%). In terms of maximum drawdown, BBJP dropped -32.66% vs GSIE's -34.63%.

Which ETF is better, BBJP or GSIE?

On 5-year performance, BBJP leads with 8.67% vs 8.63% for GSIE. On fees, BBJP is cheaper at 0.19% per year. On volatility, GSIE has been the lower-risk option at 3.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBJP or GSIE?

Over the 5-year period, BBJP has performed better with a 8.67% return vs 8.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBJP or GSIE?

BBJP is cheaper with a 0.19% expense ratio, compared with 0.25% for GSIE.

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

BBJP has the higher dividend yield at 4.80%, compared with 2.56% for GSIE.

What is the main difference between BBJP and GSIE?

BBJP is categorized as Japan Equities, while GSIE is Foreign Large Cap Equities. BBJP tracks Morningstar Japan Target Market Exposure Index, while GSIE tracks Goldman Sachs ActiveBeta International Equity Index. They also come from different issuers: JPMorgan and Goldman Sachs. Their fees differ too: 0.19% for BBJP and 0.25% for GSIE.

Which has better risk-adjusted returns?

GSIE currently has the higher Sharpe Ratio (1.17 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.