BBJP vs. JEPI

Last updated Jun 4, 2026

BBJP (JPMorgan BetaBuilders Japan ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - BBJP is a Japan Equities fund tracking the Morningstar Japan Target Market Exposure Index, while JEPI is a Dividend fund actively managed by JPMorgan. BBJP is passively managed, while JEPI is actively managed. Over the past 5 years, BBJP returned 8.92%/yr vs 7.26%/yr for JEPI. A 0.53 correlation means they provide meaningful diversification when combined. BBJP charges 0.19%/yr vs 0.35%/yr for JEPI.

Performance

BBJP vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Japan ETF (BBJP) and JPMorgan Equity Premium Income ETF (JEPI). 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 JEPI's 0.15% return.

BBJP

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

JEPI

• 1D: 0.14%
• 1M: -1.54%
• YTD: 0.15%
• 6M: 0.47%
• 1Y: 7.70%
• 3Y*: 8.88%
• 5Y*: 7.26%
• 10Y*: —

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

BBJP vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BBJP JPMorgan BetaBuilders Japan ETF	15.37%	26.55%	7.47%	20.65%	-17.24%	1.21%	29.92%
JEPI JPMorgan Equity Premium Income ETF	0.15%	8.09%	12.57%	9.83%	-3.49%	21.52%	18.61%

Correlation

The correlation between BBJP and JEPI is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since May 22, 2020	0.53

The correlation between BBJP and JEPI has been stable across timeframes, ranging from 0.49 to 0.54 - a consistent structural relationship.

BBJP vs. JEPI - Sectors Allocation Comparison

Sectors	BBJP	JEPI
Industrials	26.7%	13.8%
Technology	17.8%	19.1%
Financial Services	17.1%	9.8%
Consumer Cyclical	12.6%	11.7%
Communication Services	7.7%	6.9%
Healthcare	6.1%	14.1%
Consumer Defensive	3.7%	9.6%
Basic Materials	3.2%	1.9%
Real Estate	2.7%	3.5%
Utilities	1.3%	6.2%
Energy	1.0%	3.5%

Return for Risk

BBJP vs. JEPI — 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

JEPI

JEPI Risk / Return Rank: 26
JEPI Sharpe Ratio Rank: 27
JEPI Sortino Ratio Rank: 26
JEPI Omega Ratio Rank: 26
JEPI Calmar Ratio Rank: 24
JEPI Martin Ratio Rank: 26

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. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Japan ETF (BBJP) and JPMorgan Equity Premium Income ETF (JEPI). 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	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	1.66	0.99	+0.67
Sortino ratio: Return per unit of downside risk	2.41	1.47	+0.94
Omega ratio: Gain probability vs. loss probability	1.31	1.18	+0.13
Calmar ratio: Return relative to maximum drawdown	2.37	1.16	+1.21
Martin ratio: Return relative to average drawdown	7.95	3.73	+4.22
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. JEPI - Sharpe Ratio Comparison

The current BBJP Sharpe Ratio is 1.66, which is higher than the JEPI Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of BBJP and JEPI, 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	JEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	0.99	+0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.66	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	1.01	-0.56

Drawdowns

BBJP vs. JEPI - Drawdown Comparison

The maximum BBJP drawdown since its inception was -32.66%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for BBJP and JEPI.

Drawdown Indicators

	BBJP	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-32.66%	-13.71%	-18.95%
Max Drawdown (1Y) Largest decline over 1 year	-13.60%	-6.68%	-6.92%
Max Drawdown (3Y) Largest decline over 3 years	-14.49%	-13.26%	-1.23%
Max Drawdown (5Y) Largest decline over 5 years	-32.66%	-13.71%	-18.95%
Current Drawdown Current decline from peak	-0.85%	-4.83%	+3.98%
Average Drawdown Average peak-to-trough decline	-8.53%	-2.12%	-6.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	2.07%	+1.97%

Volatility

BBJP vs. JEPI - Volatility Comparison

JPMorgan BetaBuilders Japan ETF (BBJP) has a higher volatility of 4.26% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.35%. This indicates that BBJP's price experiences larger fluctuations and is considered to be riskier than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBJP	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	1.35%	+2.91%
Volatility (6M) Calculated over the trailing 6-month period	14.98%	6.07%	+8.91%
Volatility (1Y) Calculated over the trailing 1-year period	19.44%	7.85%	+11.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.15%	11.06%	+7.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.29%	10.80%	+7.49%

BBJP vs. JEPI - Expense Ratio Comparison

BBJP has a 0.19% expense ratio, which is lower than JEPI's 0.35% expense ratio.

Dividends

BBJP vs. JEPI - Dividend Comparison

BBJP's dividend yield for the trailing twelve months is around 4.65%, less than JEPI's 8.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBJP JPMorgan BetaBuilders Japan ETF	4.65%	5.37%	2.80%	3.05%	1.52%	2.89%	1.12%	2.31%	0.65%
JEPI JPMorgan Equity Premium Income ETF	8.27%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBJP and JEPI in my portfolio?

BBJP and JEPI have a correlation of 0.51, 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 JEPI?

BBJP has higher volatility (4.26%) compared to JEPI (1.35%). In terms of maximum drawdown, BBJP dropped -32.66% vs JEPI's -13.71%.

Which ETF is better, BBJP or JEPI?

On 5-year performance, BBJP leads with 8.92% vs 7.26% for JEPI. On fees, BBJP is cheaper at 0.19% per year. On volatility, JEPI has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBJP or JEPI?

Over the 5-year period, BBJP has performed better with a 8.92% return vs 7.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBJP or JEPI?

BBJP is cheaper with a 0.19% expense ratio, compared with 0.35% for JEPI.

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

JEPI has the higher dividend yield at 8.27%, compared with 4.65% for BBJP.

What is the main difference between BBJP and JEPI?

BBJP is categorized as Japan Equities, while JEPI is Dividend. Their fees differ too: 0.19% for BBJP and 0.35% for JEPI.

Which has better risk-adjusted returns?

BBJP currently has the higher Sharpe Ratio (1.66 vs 0.99), 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.