BBJP vs. JPAN

Last updated Jun 5, 2026

BBJP (JPMorgan BetaBuilders Japan ETF) and JPAN (Matthews Japan Active ETF) are both Japan Equities funds. BBJP is passively managed, while JPAN is actively managed. Over the past year, BBJP returned 32.49% vs 30.88% for JPAN. With a 0.95 correlation, they move nearly in lockstep. BBJP charges 0.19%/yr vs 0.79%/yr for JPAN.

Performance

BBJP vs. JPAN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Japan ETF (BBJP) and Matthews Japan Active ETF (JPAN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBJP achieves a 15.72% return, which is significantly lower than JPAN's 18.38% return.

BBJP

• 1D: 0.30%
• 1M: 5.16%
• YTD: 15.72%
• 6M: 16.31%
• 1Y: 32.49%
• 3Y*: 18.68%
• 5Y*: 8.99%
• 10Y*: —

JPAN

• 1D: 0.63%
• 1M: 6.56%
• YTD: 18.38%
• 6M: 18.61%
• 1Y: 30.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BBJP vs. JPAN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BBJP JPMorgan BetaBuilders Japan ETF	15.72%	26.55%	7.47%	5.04%
JPAN Matthews Japan Active ETF	18.38%	22.96%	18.16%	5.77%

Correlation

The correlation between BBJP and JPAN is 0.95 - 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	0.95
Correlation (All Time) Calculated using the full available price history since Sep 25, 2023	0.95

The correlation between BBJP and JPAN has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.

BBJP vs. JPAN - Sectors Allocation Comparison

Sectors	BBJP	JPAN
Industrials	26.7%	25.5%
Technology	17.8%	21.7%
Financial Services	17.1%	19.2%
Consumer Cyclical	12.6%	12.4%
Communication Services	7.7%	6.8%
Healthcare	6.1%	2.6%
Consumer Defensive	3.7%	3.3%
Basic Materials	3.2%	3.2%
Real Estate	2.7%	2.2%
Utilities	1.3%	-
Energy	1.0%	0.7%

Return for Risk

BBJP vs. JPAN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBJP

BBJP Risk / Return Rank: 50
BBJP Sharpe Ratio Rank: 50
BBJP Sortino Ratio Rank: 51
BBJP Omega Ratio Rank: 52
BBJP Calmar Ratio Rank: 49
BBJP Martin Ratio Rank: 49

JPAN

JPAN Risk / Return Rank: 46
JPAN Sharpe Ratio Rank: 46
JPAN Sortino Ratio Rank: 48
JPAN Omega Ratio Rank: 47
JPAN Calmar Ratio Rank: 43
JPAN Martin Ratio Rank: 46

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. JPAN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Japan ETF (BBJP) and Matthews Japan Active ETF (JPAN). 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	JPAN	Difference
Sharpe ratio: Return per unit of total volatility	1.68	1.58	+0.10
Sortino ratio: Return per unit of downside risk	2.44	2.33	+0.11
Omega ratio: Gain probability vs. loss probability	1.31	1.29	+0.02
Calmar ratio: Return relative to maximum drawdown	2.40	2.13	+0.27
Martin ratio: Return relative to average drawdown	8.07	7.58	+0.49
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. JPAN - Sharpe Ratio Comparison

The current BBJP Sharpe Ratio is 1.68, which is comparable to the JPAN Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of BBJP and JPAN, 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	JPAN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	1.58	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	1.30	-0.85

Drawdowns

BBJP vs. JPAN - Drawdown Comparison

The maximum BBJP drawdown since its inception was -32.66%, which is greater than JPAN's maximum drawdown of -15.24%. Use the drawdown chart below to compare losses from any high point for BBJP and JPAN.

Drawdown Indicators

	BBJP	JPAN	Difference
Max Drawdown Largest peak-to-trough decline	-32.66%	-15.24%	-17.42%
Max Drawdown (1Y) Largest decline over 1 year	-13.60%	-14.59%	+0.99%
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	-0.55%	0.00%	-0.55%
Average Drawdown Average peak-to-trough decline	-8.52%	-3.09%	-5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	4.08%	-0.04%

Volatility

BBJP vs. JPAN - Volatility Comparison

The current volatility for JPMorgan BetaBuilders Japan ETF (BBJP) is 4.15%, while Matthews Japan Active ETF (JPAN) has a volatility of 4.53%. This indicates that BBJP experiences smaller price fluctuations and is considered to be less risky than JPAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBJP	JPAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	4.53%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	14.98%	15.69%	-0.71%
Volatility (1Y) Calculated over the trailing 1-year period	19.40%	19.58%	-0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.15%	19.25%	-1.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.29%	19.25%	-0.96%

BBJP vs. JPAN - Expense Ratio Comparison

BBJP has a 0.19% expense ratio, which is lower than JPAN's 0.79% expense ratio.

Dividends

BBJP vs. JPAN - Dividend Comparison

BBJP's dividend yield for the trailing twelve months is around 4.64%, more than JPAN's 4.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBJP JPMorgan BetaBuilders Japan ETF	4.64%	5.37%	2.80%	3.05%	1.52%	2.89%	1.12%	2.31%	0.65%
JPAN Matthews Japan Active ETF	4.31%	5.10%	1.53%	0.51%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBJP and JPAN in my portfolio?

With a correlation of 0.95, BBJP and JPAN 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 JPAN?

JPAN has higher volatility (4.53%) compared to BBJP (4.15%). In terms of maximum drawdown, BBJP dropped -32.66% vs JPAN's -15.24%.

Which ETF is better, BBJP or JPAN?

On 1-year performance, BBJP leads with 32.49% vs 30.88% for JPAN. On fees, BBJP is cheaper at 0.19% per year. On volatility, BBJP has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBJP or JPAN?

Over the 1-year period, BBJP has performed better with a 32.49% return vs 30.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBJP or JPAN?

BBJP is cheaper with a 0.19% expense ratio, compared with 0.79% for JPAN.

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

BBJP has the higher dividend yield at 4.64%, compared with 4.31% for JPAN.

What is the main difference between BBJP and JPAN?

They also come from different issuers: JPMorgan and Matthews. Their fees differ too: 0.19% for BBJP and 0.79% for JPAN.

Which has better risk-adjusted returns?

BBJP currently has the higher Sharpe Ratio (1.68 vs 1.58), 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.