BBJP vs. JEPQ

Last updated Jun 4, 2026

BBJP (JPMorgan BetaBuilders Japan ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - BBJP is a Japan Equities fund tracking the Morningstar Japan Target Market Exposure Index, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, BBJP returned 18.45%/yr vs 20.92%/yr for JEPQ. A 0.58 correlation means they provide meaningful diversification when combined. BBJP charges 0.19%/yr vs 0.35%/yr for JEPQ.

Performance

BBJP vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Japan ETF (BBJP) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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 JEPQ's 9.54% return.

BBJP

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

JEPQ

• 1D: -0.10%
• 1M: 4.31%
• YTD: 9.54%
• 6M: 9.75%
• 1Y: 29.00%
• 3Y*: 20.92%
• 5Y*: —
• 10Y*: —

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

BBJP vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BBJP JPMorgan BetaBuilders Japan ETF	15.37%	26.55%	7.47%	20.65%	-4.90%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.54%	15.18%	24.85%	36.28%	-12.89%

Correlation

The correlation between BBJP and JEPQ is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.58

The correlation between BBJP and JEPQ has been stable across timeframes, ranging from 0.56 to 0.58 - a consistent structural relationship.

BBJP vs. JEPQ - Sectors Allocation Comparison

Sectors	BBJP	JEPQ
Industrials	26.7%	3.1%
Technology	17.8%	54.0%
Financial Services	17.1%	0.4%
Consumer Cyclical	12.6%	12.8%
Communication Services	7.7%	15.4%
Healthcare	6.1%	4.4%
Consumer Defensive	3.7%	7.1%
Basic Materials	3.2%	1.0%
Real Estate	2.7%	0.2%
Utilities	1.3%	1.3%
Energy	1.0%	0.4%

Return for Risk

BBJP vs. JEPQ — 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

JEPQ

JEPQ Risk / Return Rank: 74
JEPQ Sharpe Ratio Rank: 74
JEPQ Sortino Ratio Rank: 71
JEPQ Omega Ratio Rank: 80
JEPQ Calmar Ratio Rank: 65
JEPQ Martin Ratio Rank: 80

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. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Japan ETF (BBJP) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	1.66	2.49	-0.83
Sortino ratio: Return per unit of downside risk	2.41	3.29	-0.88
Omega ratio: Gain probability vs. loss probability	1.31	1.49	-0.18
Calmar ratio: Return relative to maximum drawdown	2.37	3.31	-0.94
Martin ratio: Return relative to average drawdown	7.95	16.22	-8.27
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. JEPQ - Sharpe Ratio Comparison

The current BBJP Sharpe Ratio is 1.66, which is lower than the JEPQ Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of BBJP and JEPQ, 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	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	2.49	-0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	1.00	-0.55

Drawdowns

BBJP vs. JEPQ - Drawdown Comparison

The maximum BBJP drawdown since its inception was -32.66%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for BBJP and JEPQ.

Drawdown Indicators

	BBJP	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-32.66%	-20.07%	-12.59%
Max Drawdown (1Y) Largest decline over 1 year	-13.60%	-8.82%	-4.78%
Max Drawdown (3Y) Largest decline over 3 years	-14.49%	-20.07%	+5.58%
Max Drawdown (5Y) Largest decline over 5 years	-32.66%	—	—
Current Drawdown Current decline from peak	-0.85%	-0.10%	-0.75%
Average Drawdown Average peak-to-trough decline	-8.53%	-3.42%	-5.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	1.79%	+2.25%

Volatility

BBJP vs. JEPQ - Volatility Comparison

JPMorgan BetaBuilders Japan ETF (BBJP) has a higher volatility of 4.26% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.26%. This indicates that BBJP's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBJP	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	1.26%	+3.00%
Volatility (6M) Calculated over the trailing 6-month period	14.98%	9.07%	+5.91%
Volatility (1Y) Calculated over the trailing 1-year period	19.44%	11.73%	+7.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.15%	16.61%	+1.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.29%	16.61%	+1.68%

BBJP vs. JEPQ - Expense Ratio Comparison

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

Dividends

BBJP vs. JEPQ - Dividend Comparison

BBJP's dividend yield for the trailing twelve months is around 4.65%, less than JEPQ's 10.07% 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%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.07%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBJP and JEPQ in my portfolio?

BBJP and JEPQ have a correlation of 0.57, 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 JEPQ?

BBJP has higher volatility (4.26%) compared to JEPQ (1.26%). In terms of maximum drawdown, BBJP dropped -32.66% vs JEPQ's -20.07%.

Which ETF is better, BBJP or JEPQ?

On 3-year performance, JEPQ leads with 20.92% vs 18.45% for BBJP. On fees, BBJP is cheaper at 0.19% per year. On volatility, JEPQ has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBJP or JEPQ?

Over the 3-year period, JEPQ has performed better with a 20.92% return vs 18.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBJP or JEPQ?

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

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

JEPQ has the higher dividend yield at 10.07%, compared with 4.65% for BBJP.

What is the main difference between BBJP and JEPQ?

BBJP is categorized as Japan Equities, while JEPQ is Nasdaq-100. BBJP tracks Morningstar Japan Target Market Exposure Index, while JEPQ tracks Nasdaq-100 Index. Their fees differ too: 0.19% for BBJP and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.49 vs 1.66), 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.