BBJP vs. JPY

Last updated Aug 5, 2026

BBJP (JPMorgan BetaBuilders Japan ETF) and JPY (Lazard Japanese Equity ETF) are both Japan Equities funds. BBJP is passively managed, while JPY is actively managed. Over the past year, BBJP returned 29.34% vs 32.34% for JPY. Their 0.95 correlation means they have historically moved very closely together. BBJP charges 0.19%/yr vs 0.60%/yr for JPY.

Performance

BBJP vs. JPY - Performance Comparison

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

Returns By Period

In the year-to-date period, BBJP achieves a 15.79% return, which is significantly lower than JPY's 18.40% return.

BBJP

• 1D: 1.79%
• 1M: 1.46%
• 6M: 7.86%
• YTD: 15.79%
• 1Y: 29.34%
• 3Y*: 18.33%
• 5Y*: 9.40%
• 10Y*: —
• ALL TIME*: 8.07%

JPY

• 1D: 1.09%
• 1M: 1.03%
• 6M: 11.26%
• YTD: 18.40%
• 1Y: 32.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 46.39%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BBJP JPMorgan BetaBuilders Japan ETF	$134.10M	$105.88M	$113.31M
JPY Lazard Japanese Equity ETF	$150.46K	$118.82K	$198.85K

BBJP vs. JPY - Yearly Performance Comparison

	2026 (YTD)	2025
BBJP JPMorgan BetaBuilders Japan ETF	15.79%	37.77%
JPY Lazard Japanese Equity ETF	18.40%	39.95%

Correlation

The correlation between BBJP and JPY is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.94
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025	0.95

The correlation between BBJP and JPY has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

BBJP vs. JPY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BBJP

BBJP Risk / Return Rank: 53
BBJP Sharpe Ratio Rank: 52
BBJP Sortino Ratio Rank: 52
BBJP Omega Ratio Rank: 53
BBJP Calmar Ratio Rank: 54
BBJP Martin Ratio Rank: 53

JPY

JPY Risk / Return Rank: 57
JPY Sharpe Ratio Rank: 59
JPY Sortino Ratio Rank: 59
JPY Omega Ratio Rank: 59
JPY Calmar Ratio Rank: 54
JPY Martin Ratio Rank: 55

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BBJP vs. JPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Japan ETF (BBJP) and Lazard Japanese Equity ETF (JPY). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BBJP	JPY	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.62	-0.20
Sortino ratio: Return per unit of downside risk	2.05	2.26	-0.22
Omega ratio: Gain probability vs. loss probability	1.27	1.30	-0.03
Calmar ratio: Return relative to maximum drawdown	2.17	2.15	+0.02
Martin ratio: Return relative to average drawdown	6.92	7.26	-0.34

BBJP vs. JPY - Sharpe Ratio Comparison

The current BBJP Sharpe Ratio is 1.43, which is comparable to the JPY Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of BBJP and JPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BBJP vs. JPY - Drawdown Comparison

The maximum BBJP drawdown since its inception was -32.66%, which is greater than JPY's maximum drawdown of -15.13%. Use the drawdown chart below to compare losses from any high point for BBJP and JPY.

Drawdown Indicators

	BBJP	JPY	Difference
Max Drawdown Largest peak-to-trough decline	-32.66%	-15.13%	-17.53%
Max Drawdown (1Y) Largest decline over 1 year	-13.60%	-15.13%	+1.53%
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	-2.33%	-1.10%	-1.23%
Average Drawdown Average peak-to-trough decline	-8.42%	-2.51%	-5.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.25%	4.47%	-0.22%

Volatility

BBJP vs. JPY - Volatility Comparison

JPMorgan BetaBuilders Japan ETF (BBJP) has a higher volatility of 7.47% compared to Lazard Japanese Equity ETF (JPY) at 5.78%. This indicates that BBJP's price experiences larger fluctuations and is considered to be riskier than JPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBJP	JPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.47%	5.78%	+1.69%
Volatility (6M) Calculated over the trailing 6-month period	17.48%	16.12%	+1.36%
Volatility (1Y) Calculated over the trailing 1-year period	20.71%	20.04%	+0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.57%	20.97%	-2.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.47%	20.97%	-2.50%

BBJP vs. JPY - Expense Ratio Comparison

BBJP has a 0.19% expense ratio, which is lower than JPY's 0.60% expense ratio.

Dividends

BBJP vs. JPY - Dividend Comparison

BBJP's dividend yield for the trailing twelve months is around 4.63%, more than JPY's 1.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBJP JPMorgan BetaBuilders Japan ETF	4.63%	5.37%	2.80%	3.05%	1.52%	2.89%	1.12%	2.31%	0.65%
JPY Lazard Japanese Equity ETF	1.17%	2.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBJP and JPY in my portfolio?

With a correlation of 0.94, BBJP and JPY 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 JPY?

BBJP has higher volatility (7.47%) compared to JPY (5.78%). In terms of maximum drawdown, BBJP dropped -32.66% vs JPY's -15.13%.

Which ETF is better, BBJP or JPY?

On 1-year performance, JPY leads with 32.34% vs 29.34% for BBJP. On fees, BBJP is cheaper at 0.19% per year. On volatility, JPY has been the lower-risk option at 5.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBJP or JPY?

Over the 1-year period, JPY has performed better with a 32.34% return vs 29.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBJP or JPY?

BBJP is cheaper with a 0.19% expense ratio, compared with 0.60% for JPY.

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

BBJP has the higher dividend yield at 4.63%, compared with 1.17% for JPY.

What is the main difference between BBJP and JPY?

They also come from different issuers: JPMorgan and Lazard. Their fees differ too: 0.19% for BBJP and 0.60% for JPY.

Which has better risk-adjusted returns?

JPY currently has the higher Sharpe Ratio (1.62 vs 1.43), 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.