BBJP vs. JQUA

Last updated Jun 5, 2026

BBJP (JPMorgan BetaBuilders Japan ETF) and JQUA (JPMorgan U.S. Quality Factor ETF) are both exchange-traded funds - BBJP is a Japan Equities fund tracking the Morningstar Japan Target Market Exposure Index, while JQUA is a Large Cap Growth Equities fund tracking the JP Morgan US Quality Factor Index. Both are passively managed. Over the past 5 years, BBJP returned 8.99%/yr vs 13.92%/yr for JQUA. A 0.65 correlation means they provide meaningful diversification when combined. BBJP charges 0.19%/yr vs 0.12%/yr for JQUA.

Performance

BBJP vs. JQUA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Japan ETF (BBJP) and JPMorgan U.S. Quality Factor ETF (JQUA). 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 higher than JQUA's 14.16% return.

BBJP

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

JQUA

• 1D: -0.11%
• 1M: 7.20%
• YTD: 14.16%
• 6M: 14.37%
• 1Y: 22.69%
• 3Y*: 20.64%
• 5Y*: 13.92%
• 10Y*: —

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

BBJP vs. JQUA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BBJP JPMorgan BetaBuilders Japan ETF	15.72%	26.55%	7.47%	20.65%	-17.24%	1.21%	15.42%	18.85%	-13.92%
JQUA JPMorgan U.S. Quality Factor ETF	14.16%	11.69%	21.21%	25.13%	-13.45%	28.68%	16.56%	28.47%	-6.57%

Correlation

The correlation between BBJP and JQUA 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	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jun 19, 2018	0.65

The correlation between BBJP and JQUA has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.

BBJP vs. JQUA - Sectors Allocation Comparison

Sectors	BBJP	JQUA
Industrials	26.7%	7.6%
Technology	17.8%	41.9%
Financial Services	17.1%	10.2%
Consumer Cyclical	12.6%	9.2%
Communication Services	7.7%	5.5%
Healthcare	6.1%	7.2%
Consumer Defensive	3.7%	5.3%
Basic Materials	3.2%	0.8%
Real Estate	2.7%	2.1%
Utilities	1.3%	2.3%
Energy	1.0%	3.2%

Return for Risk

BBJP vs. JQUA — 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

JQUA

JQUA Risk / Return Rank: 64
JQUA Sharpe Ratio Rank: 62
JQUA Sortino Ratio Rank: 64
JQUA Omega Ratio Rank: 58
JQUA Calmar Ratio Rank: 65
JQUA Martin Ratio Rank: 73

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. JQUA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Japan ETF (BBJP) and JPMorgan U.S. Quality Factor ETF (JQUA). 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	JQUA	Difference
Sharpe ratio: Return per unit of total volatility	1.68	2.03	-0.35
Sortino ratio: Return per unit of downside risk	2.44	2.91	-0.48
Omega ratio: Gain probability vs. loss probability	1.31	1.35	-0.04
Calmar ratio: Return relative to maximum drawdown	2.40	3.20	-0.80
Martin ratio: Return relative to average drawdown	8.07	13.48	-5.41
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. JQUA - Sharpe Ratio Comparison

The current BBJP Sharpe Ratio is 1.68, which is comparable to the JQUA Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of BBJP and JQUA, 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	JQUA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	2.03	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.90	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.83	-0.38

Drawdowns

BBJP vs. JQUA - Drawdown Comparison

The maximum BBJP drawdown since its inception was -32.66%, roughly equal to the maximum JQUA drawdown of -32.92%. Use the drawdown chart below to compare losses from any high point for BBJP and JQUA.

Drawdown Indicators

	BBJP	JQUA	Difference
Max Drawdown Largest peak-to-trough decline	-32.66%	-32.92%	+0.26%
Max Drawdown (1Y) Largest decline over 1 year	-13.60%	-7.13%	-6.47%
Max Drawdown (3Y) Largest decline over 3 years	-14.49%	-16.81%	+2.32%
Max Drawdown (5Y) Largest decline over 5 years	-32.66%	-22.47%	-10.19%
Current Drawdown Current decline from peak	-0.55%	-0.28%	-0.27%
Average Drawdown Average peak-to-trough decline	-8.52%	-4.16%	-4.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	1.69%	+2.35%

Volatility

BBJP vs. JQUA - Volatility Comparison

JPMorgan BetaBuilders Japan ETF (BBJP) has a higher volatility of 4.15% compared to JPMorgan U.S. Quality Factor ETF (JQUA) at 2.82%. This indicates that BBJP's price experiences larger fluctuations and is considered to be riskier than JQUA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBJP	JQUA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	2.82%	+1.33%
Volatility (6M) Calculated over the trailing 6-month period	14.98%	8.31%	+6.67%
Volatility (1Y) Calculated over the trailing 1-year period	19.40%	11.20%	+8.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.15%	15.61%	+2.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.29%	17.99%	+0.30%

BBJP vs. JQUA - Expense Ratio Comparison

BBJP has a 0.19% expense ratio, which is higher than JQUA's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BBJP vs. JQUA - Dividend Comparison

BBJP's dividend yield for the trailing twelve months is around 4.64%, more than JQUA's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
JQUA JPMorgan U.S. Quality Factor ETF	1.07%	1.19%	1.24%	1.21%	1.60%	1.32%	1.44%	1.67%	2.10%	0.40%

Frequently Asked Questions

Can I hold both BBJP and JQUA in my portfolio?

BBJP and JQUA 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 JQUA?

BBJP has higher volatility (4.15%) compared to JQUA (2.82%). In terms of maximum drawdown, BBJP dropped -32.66% vs JQUA's -32.92%.

Which ETF is better, BBJP or JQUA?

On 5-year performance, JQUA leads with 13.92% vs 8.99% for BBJP. On fees, JQUA is cheaper at 0.12% per year. On volatility, JQUA has been the lower-risk option at 2.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBJP or JQUA?

Over the 5-year period, JQUA has performed better with a 13.92% return vs 8.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBJP or JQUA?

JQUA is cheaper with a 0.12% expense ratio, compared with 0.19% for BBJP.

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

BBJP has the higher dividend yield at 4.64%, compared with 1.07% for JQUA.

What is the main difference between BBJP and JQUA?

BBJP is categorized as Japan Equities, while JQUA is Large Cap Growth Equities. BBJP tracks Morningstar Japan Target Market Exposure Index, while JQUA tracks JP Morgan US Quality Factor Index. Their fees differ too: 0.19% for BBJP and 0.12% for JQUA.

Which has better risk-adjusted returns?

JQUA currently has the higher Sharpe Ratio (2.03 vs 1.68), 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.