PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
BBJP vs. JPXN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BBJP vs. JPXN

Last updated Jun 5, 2026

BBJP (JPMorgan BetaBuilders Japan ETF) and JPXN (iShares JPX-Nikkei 400 ETF) are both Japan Equities funds - BBJP tracks the Morningstar Japan Target Market Exposure Index while JPXN tracks the JPX-Nikkei Index 400. Both are passively managed. Over the past 5 years, BBJP returned 8.99%/yr vs 8.72%/yr for JPXN. With a 0.98 correlation, they move nearly in lockstep. BBJP charges 0.19%/yr vs 0.48%/yr for JPXN.

Performance

BBJP vs. JPXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Japan ETF (BBJP) and iShares JPX-Nikkei 400 ETF (JPXN). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

The year-to-date returns for both investments are quite close, with BBJP having a 15.72% return and JPXN slightly higher at 15.82%.

BBJP

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

JPXN

1D
0.09%
1M
4.27%
YTD
15.82%
6M
16.06%
1Y
30.74%
3Y*
17.95%
5Y*
8.72%
10Y*
9.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BBJP vs. JPXN - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
BBJP
JPMorgan BetaBuilders Japan ETF		15.72%26.55%7.47%20.65%-17.24%1.21%15.42%18.85%-13.92%
JPXN
iShares JPX-Nikkei 400 ETF		15.82%26.03%6.48%19.69%-16.29%0.16%15.12%19.40%-14.64%

Correlation

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

BBJP vs. JPXN - Sectors Allocation Comparison

Sectors
BBJP
JPXN

Industrials

26.7%
28.3%

Technology

17.8%
17.3%

Financial Services

17.1%
13.7%

Consumer Cyclical

12.6%
11.3%

Communication Services

7.7%
7.8%

Healthcare

6.1%
6.2%

Consumer Defensive

3.7%
4.8%

Basic Materials

3.2%
5.0%

Real Estate

2.7%
2.8%

Utilities

1.3%
1.6%

Energy

1.0%
1.4%

Industrials

BBJP
26.7%
JPXN
28.3%

Technology

BBJP
17.8%
JPXN
17.3%

Financial Services

BBJP
17.1%
JPXN
13.7%

Consumer Cyclical

BBJP
12.6%
JPXN
11.3%

Communication Services

BBJP
7.7%
JPXN
7.8%

Healthcare

BBJP
6.1%
JPXN
6.2%

Consumer Defensive

BBJP
3.7%
JPXN
4.8%

Basic Materials

BBJP
3.2%
JPXN
5.0%

Real Estate

BBJP
2.7%
JPXN
2.8%

Utilities

BBJP
1.3%
JPXN
1.6%

Energy

BBJP
1.0%
JPXN
1.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

JPMorgan BetaBuilders Japan ETF

iShares JPX-Nikkei 400 ETF

Often compared with BBJP:
BBJP vs. EWJBBJP vs. DXJBBJP vs. FLJPBBJP vs. EWJVBBJP vs. DBJPBBJP vs. VOOBBJP vs. BBAX
Often compared with JPXN:
JPXN vs. EWJJPXN vs. DXJJPXN vs. FLJPJPXN vs. XDJP.DEJPXN vs. VOOJPXN vs. FJPNXJPXN vs. SCJ

Return for Risk

BBJP vs. JPXN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BBJP
BBJP Risk / Return Rank: 5050
Overall Rank
BBJP Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
BBJP Sortino Ratio Rank: 5151
Sortino Ratio Rank
BBJP Omega Ratio Rank: 5252
Omega Ratio Rank
BBJP Calmar Ratio Rank: 4949
Calmar Ratio Rank
BBJP Martin Ratio Rank: 4949
Martin Ratio Rank
JPXN
JPXN Risk / Return Rank: 4949
Overall Rank
JPXN Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
JPXN Sortino Ratio Rank: 5050
Sortino Ratio Rank
JPXN Omega Ratio Rank: 5050
Omega Ratio Rank
JPXN Calmar Ratio Rank: 4949
Calmar Ratio Rank
JPXN Martin Ratio Rank: 5050
Martin Ratio Rank
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. JPXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Japan ETF (BBJP) and iShares JPX-Nikkei 400 ETF (JPXN). 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.

BBJPJPXNDifference
Sharpe ratioReturn per unit of total volatility
1.68
1.65

+0.04

Sortino ratioReturn per unit of downside risk
2.44
2.39

+0.05

Omega ratioGain probability vs. loss probability

1.31

1.31

+0.01

Calmar ratioReturn relative to maximum drawdown

2.40

2.36

+0.04

Martin ratioReturn relative to average drawdown

8.07

8.20

-0.13

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. JPXN - Sharpe Ratio Comparison

The current BBJP Sharpe Ratio is 1.68, which is comparable to the JPXN Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of BBJP and JPXN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

BBJPJPXNDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.68

1.65

+0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

0.50

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.53

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.27

+0.18

Drawdowns

BBJP vs. JPXN - Drawdown Comparison

The maximum BBJP drawdown since its inception was -32.66%, smaller than the maximum JPXN drawdown of -55.54%. Use the drawdown chart below to compare losses from any high point for BBJP and JPXN.

Loading charts...

Drawdown Indicators

BBJPJPXNDifference

Max Drawdown

Largest peak-to-trough decline

-32.66%

-55.54%

+22.88%

Max Drawdown (1Y)

Largest decline over 1 year

-13.60%

-13.11%

-0.49%

Max Drawdown (3Y)

Largest decline over 3 years

-14.49%

-13.95%

-0.54%

Max Drawdown (5Y)

Largest decline over 5 years

-32.66%

-33.21%

+0.55%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.21%

—

Current Drawdown

Current decline from peak

-0.55%

-0.84%

+0.29%

Average Drawdown

Average peak-to-trough decline

-8.52%

-15.06%

+6.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.04%

3.76%

+0.28%

Volatility

BBJP vs. JPXN - Volatility Comparison

JPMorgan BetaBuilders Japan ETF (BBJP) and iShares JPX-Nikkei 400 ETF (JPXN) have volatilities of 4.15% and 4.26%, 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.

Loading charts...

Volatility by Period

BBJPJPXNDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.15%

4.26%

-0.11%

Volatility (6M)

Calculated over the trailing 6-month period

14.98%

14.68%

+0.30%

Volatility (1Y)

Calculated over the trailing 1-year period

19.40%

18.76%

+0.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.15%

17.69%

+0.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.29%

17.06%

+1.23%

BBJP vs. JPXN - Expense Ratio Comparison

BBJP has a 0.19% expense ratio, which is lower than JPXN's 0.48% expense ratio.

Dividends

BBJP vs. JPXN - Dividend Comparison

BBJP's dividend yield for the trailing twelve months is around 4.64%, more than JPXN's 2.71% yield.

PositionTTM20252024202320222021202020192018201720162015
BBJP
JPMorgan BetaBuilders Japan ETF		4.64%5.37%2.80%3.05%1.52%2.89%1.12%2.31%0.65%0.00%0.00%0.00%
JPXN
iShares JPX-Nikkei 400 ETF		2.71%3.14%2.29%2.57%1.47%2.63%1.27%1.92%1.60%1.50%2.07%1.32%

Frequently Asked Questions

With a correlation of 0.99, BBJP and JPXN 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.

JPXN has higher volatility (4.26%) compared to BBJP (4.15%). In terms of maximum drawdown, BBJP dropped -32.66% vs JPXN's -55.54%.

On 5-year performance, BBJP leads with 8.99% vs 8.72% for JPXN. 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.

Over the 5-year period, BBJP has performed better with a 8.99% return vs 8.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

BBJP is cheaper with a 0.19% expense ratio, compared with 0.48% for JPXN.

BBJP has the higher dividend yield at 4.64%, compared with 2.71% for JPXN.

BBJP tracks Morningstar Japan Target Market Exposure Index, while JPXN tracks JPX-Nikkei Index 400. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.19% for BBJP and 0.48% for JPXN.

BBJP currently has the higher Sharpe Ratio (1.68 vs 1.65), 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.

Portfolio Optimizer

Find the right allocation for BBJP and JPXN

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer