BBJP vs. GSJY

Last updated Jun 4, 2026

BBJP (JPMorgan BetaBuilders Japan ETF) and GSJY (Goldman Sachs ActiveBeta Japan Equity ETF) are both Japan Equities funds - BBJP tracks the Morningstar Japan Target Market Exposure Index while GSJY tracks the Goldman Sachs ActiveBeta Japan Equity Index. Both are passively managed. Over the past 5 years, BBJP returned 8.92%/yr vs 8.80%/yr for GSJY. With a 0.98 correlation, they move nearly in lockstep. BBJP charges 0.19%/yr vs 0.25%/yr for GSJY.

Performance

BBJP vs. GSJY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Japan ETF (BBJP) and Goldman Sachs ActiveBeta Japan Equity ETF (GSJY). 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 higher than GSJY's 13.29% return.

BBJP

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

GSJY

• 1D: 0.75%
• 1M: 4.99%
• YTD: 13.29%
• 6M: 15.13%
• 1Y: 29.76%
• 3Y*: 18.00%
• 5Y*: 8.80%
• 10Y*: 9.28%

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

BBJP vs. GSJY - 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%
GSJY Goldman Sachs ActiveBeta Japan Equity ETF	13.29%	26.22%	8.89%	19.18%	-16.15%	0.41%	13.81%	18.29%	-12.59%

Correlation

The correlation between BBJP and GSJY 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	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jun 19, 2018	0.98

The correlation between BBJP and GSJY has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

BBJP vs. GSJY - Sectors Allocation Comparison

Sectors	BBJP	GSJY
Industrials	26.7%	26.3%
Technology	17.8%	17.5%
Financial Services	17.1%	18.1%
Consumer Cyclical	12.6%	13.4%
Communication Services	7.7%	6.0%
Healthcare	6.1%	5.8%
Consumer Defensive	3.7%	3.3%
Basic Materials	3.2%	3.4%
Real Estate	2.7%	1.5%
Utilities	1.3%	1.4%
Energy	1.0%	3.4%

Return for Risk

BBJP vs. GSJY — 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

GSJY

GSJY Risk / Return Rank: 44
GSJY Sharpe Ratio Rank: 43
GSJY Sortino Ratio Rank: 44
GSJY Omega Ratio Rank: 45
GSJY Calmar Ratio Rank: 43
GSJY Martin Ratio Rank: 44

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. GSJY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Japan ETF (BBJP) and Goldman Sachs ActiveBeta Japan Equity ETF (GSJY). 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	GSJY	Difference
Sharpe ratio: Return per unit of total volatility	1.66	1.54	+0.12
Sortino ratio: Return per unit of downside risk	2.41	2.24	+0.17
Omega ratio: Gain probability vs. loss probability	1.31	1.29	+0.02
Calmar ratio: Return relative to maximum drawdown	2.37	2.12	+0.24
Martin ratio: Return relative to average drawdown	7.95	7.09	+0.86
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. GSJY - Sharpe Ratio Comparison

The current BBJP Sharpe Ratio is 1.66, which is comparable to the GSJY Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of BBJP and GSJY, 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	GSJY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	1.54	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.49	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.54	-0.09

Drawdowns

BBJP vs. GSJY - Drawdown Comparison

The maximum BBJP drawdown since its inception was -32.66%, roughly equal to the maximum GSJY drawdown of -32.53%. Use the drawdown chart below to compare losses from any high point for BBJP and GSJY.

Drawdown Indicators

	BBJP	GSJY	Difference
Max Drawdown Largest peak-to-trough decline	-32.66%	-32.53%	-0.13%
Max Drawdown (1Y) Largest decline over 1 year	-13.60%	-14.08%	+0.48%
Max Drawdown (3Y) Largest decline over 3 years	-14.49%	-14.96%	+0.47%
Max Drawdown (5Y) Largest decline over 5 years	-32.66%	-32.53%	-0.13%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.53%	—
Current Drawdown Current decline from peak	-0.85%	-2.62%	+1.77%
Average Drawdown Average peak-to-trough decline	-8.53%	-7.58%	-0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	4.21%	-0.17%

Volatility

BBJP vs. GSJY - Volatility Comparison

JPMorgan BetaBuilders Japan ETF (BBJP) and Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) have volatilities of 4.26% and 4.21%, 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	GSJY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	4.21%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	14.98%	15.17%	-0.19%
Volatility (1Y) Calculated over the trailing 1-year period	19.44%	19.48%	-0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.15%	18.07%	+0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.29%	17.04%	+1.25%

BBJP vs. GSJY - Expense Ratio Comparison

BBJP has a 0.19% expense ratio, which is lower than GSJY'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. GSJY - Dividend Comparison

BBJP's dividend yield for the trailing twelve months is around 4.65%, more than GSJY's 1.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%	0.00%
GSJY Goldman Sachs ActiveBeta Japan Equity ETF	1.75%	1.99%	1.64%	2.11%	2.13%	1.73%	1.22%	2.79%	3.28%	1.70%	2.09%

Frequently Asked Questions

Can I hold both BBJP and GSJY in my portfolio?

With a correlation of 0.99, BBJP and GSJY 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 GSJY?

BBJP has higher volatility (4.26%) compared to GSJY (4.21%). In terms of maximum drawdown, BBJP dropped -32.66% vs GSJY's -32.53%.

Which ETF is better, BBJP or GSJY?

On 5-year performance, BBJP leads with 8.92% vs 8.80% for GSJY. 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.

Which ETF has performed better, BBJP or GSJY?

Over the 5-year period, BBJP has performed better with a 8.92% return vs 8.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBJP or GSJY?

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

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

BBJP has the higher dividend yield at 4.65%, compared with 1.75% for GSJY.

What is the main difference between BBJP and GSJY?

BBJP tracks Morningstar Japan Target Market Exposure Index, while GSJY tracks Goldman Sachs ActiveBeta Japan Equity Index. They also come from different issuers: JPMorgan and Goldman Sachs. Their fees differ too: 0.19% for BBJP and 0.25% for GSJY.

Which has better risk-adjusted returns?

BBJP currently has the higher Sharpe Ratio (1.66 vs 1.54), 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.