BBJP vs. NBJP

Last updated Jun 25, 2026

BBJP (JPMorgan BetaBuilders Japan ETF) and NBJP (Neuberger Berman Japan Equity ETF) are both Japan Equities funds. BBJP is passively managed, while NBJP is actively managed. Over the past year, BBJP returned 31.39% vs 37.43% for NBJP. Their correlation of 0.92 suggests significant overlap in exposure. BBJP charges 0.19%/yr vs 0.50%/yr for NBJP.

Performance

BBJP vs. NBJP - Performance Comparison

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

Returns By Period

In the year-to-date period, BBJP achieves a 13.46% return, which is significantly lower than NBJP's 20.06% return.

BBJP

• 1D: -0.16%
• 1M: 0.39%
• YTD: 13.46%
• 6M: 13.18%
• 1Y: 31.39%
• 3Y*: 18.14%
• 5Y*: 8.80%
• 10Y*: —

NBJP

• 1D: 0.26%
• 1M: 3.09%
• YTD: 20.06%
• 6M: 19.20%
• 1Y: 37.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BBJP vs. NBJP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BBJP JPMorgan BetaBuilders Japan ETF	13.46%	26.55%	-1.98%
NBJP Neuberger Berman Japan Equity ETF	20.06%	30.41%	-2.65%

Correlation

The correlation between BBJP and NBJP is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Sep 12, 2024	0.92

The correlation between BBJP and NBJP has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

Return for Risk

BBJP vs. NBJP — 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: 49
BBJP Sortino Ratio Rank: 49
BBJP Omega Ratio Rank: 51
BBJP Calmar Ratio Rank: 52
BBJP Martin Ratio Rank: 50

NBJP

NBJP Risk / Return Rank: 60
NBJP Sharpe Ratio Rank: 61
NBJP Sortino Ratio Rank: 59
NBJP Omega Ratio Rank: 61
NBJP Calmar Ratio Rank: 61
NBJP Martin Ratio Rank: 60

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. NBJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Japan ETF (BBJP) and Neuberger Berman Japan Equity ETF (NBJP). 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	NBJP	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.78	-0.23
Sortino ratio: Return per unit of downside risk	2.20	2.44	-0.24
Omega ratio: Gain probability vs. loss probability	1.29	1.32	-0.03
Calmar ratio: Return relative to maximum drawdown	2.32	2.62	-0.30
Martin ratio: Return relative to average drawdown	7.71	9.29	-1.57

BBJP vs. NBJP - Sharpe Ratio Comparison

The current BBJP Sharpe Ratio is 1.55, which is comparable to the NBJP Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of BBJP and NBJP, 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. NBJP - Drawdown Comparison

The maximum BBJP drawdown since its inception was -32.66%, which is greater than NBJP's maximum drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for BBJP and NBJP.

Drawdown Indicators

	BBJP	NBJP	Difference
Max Drawdown Largest peak-to-trough decline	-32.66%	-14.34%	-18.32%
Max Drawdown (1Y) Largest decline over 1 year	-13.60%	-14.34%	+0.74%
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	-4.30%	-4.77%	+0.47%
Average Drawdown Average peak-to-trough decline	-8.48%	-3.19%	-5.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.08%	4.04%	+0.04%

Volatility

BBJP vs. NBJP - Volatility Comparison

The current volatility for JPMorgan BetaBuilders Japan ETF (BBJP) is 7.46%, while Neuberger Berman Japan Equity ETF (NBJP) has a volatility of 9.07%. This indicates that BBJP experiences smaller price fluctuations and is considered to be less risky than NBJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBJP	NBJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.46%	9.07%	-1.61%
Volatility (6M) Calculated over the trailing 6-month period	16.37%	18.35%	-1.98%
Volatility (1Y) Calculated over the trailing 1-year period	20.43%	21.18%	-0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.37%	20.19%	-1.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.39%	20.19%	-1.80%

BBJP vs. NBJP - Expense Ratio Comparison

BBJP has a 0.19% expense ratio, which is lower than NBJP's 0.50% expense ratio.

Dividends

BBJP vs. NBJP - Dividend Comparison

BBJP's dividend yield for the trailing twelve months is around 4.73%, more than NBJP's 1.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBJP JPMorgan BetaBuilders Japan ETF	4.73%	5.37%	2.80%	3.05%	1.52%	2.89%	1.12%	2.31%	0.65%
NBJP Neuberger Berman Japan Equity ETF	1.91%	2.29%	0.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBJP and NBJP in my portfolio?

With a correlation of 0.90, BBJP and NBJP 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 NBJP?

NBJP has higher volatility (9.07%) compared to BBJP (7.46%). In terms of maximum drawdown, BBJP dropped -32.66% vs NBJP's -14.34%.

Which ETF is better, BBJP or NBJP?

On 1-year performance, NBJP leads with 37.43% vs 31.39% for BBJP. On fees, BBJP is cheaper at 0.19% per year. On volatility, BBJP has been the lower-risk option at 7.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBJP or NBJP?

Over the 1-year period, NBJP has performed better with a 37.43% return vs 31.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBJP or NBJP?

BBJP is cheaper with a 0.19% expense ratio, compared with 0.50% for NBJP.

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

BBJP has the higher dividend yield at 4.73%, compared with 1.91% for NBJP.

What is the main difference between BBJP and NBJP?

They also come from different issuers: JPMorgan and Neuberger Berman. Their fees differ too: 0.19% for BBJP and 0.50% for NBJP.

Which has better risk-adjusted returns?

NBJP currently has the higher Sharpe Ratio (1.78 vs 1.55), 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.