EFAX vs. BBIN
Compare and contrast key facts about SPDR MSCI EAFE Fossil Fuel Free ETF (EFAX) and JPMorgan BetaBuilders International Equity ETF (BBIN).
EFAX and BBIN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EFAX is a passively managed fund by State Street that tracks the performance of the MSCI EAFE ex Fossil Fuels Index. It was launched on Oct 24, 2016. BBIN is a passively managed fund by JPMorgan Chase that tracks the performance of the Morningstar Developed Markets ex-North America Target Market Exposure Index. It was launched on Dec 5, 2019. Both EFAX and BBIN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EFAX or BBIN.
Key characteristics
| EFAX | BBIN | |
|---|---|---|
| YTD Return | 8.16% | 7.00% |
| 1Y Return | 19.65% | 17.91% |
| 3Y Return (Ann) | 1.51% | 2.47% |
| Sharpe Ratio | 1.55 | 1.36 |
| Sortino Ratio | 2.19 | 1.92 |
| Omega Ratio | 1.27 | 1.24 |
| Calmar Ratio | 1.48 | 1.91 |
| Martin Ratio | 8.20 | 7.36 |
| Ulcer Index | 2.45% | 2.51% |
| Daily Std Dev | 13.00% | 13.61% |
| Max Drawdown | -32.53% | -33.37% |
| Current Drawdown | -6.10% | -6.41% |
Correlation
The correlation between EFAX and BBIN is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EFAX vs. BBIN - Performance Comparison
In the year-to-date period, EFAX achieves a 8.16% return, which is significantly higher than BBIN's 7.00% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EFAX vs. BBIN - Expense Ratio Comparison
EFAX has a 0.20% expense ratio, which is higher than BBIN's 0.07% 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%.
Risk-Adjusted Performance
EFAX vs. BBIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI EAFE Fossil Fuel Free ETF (EFAX) and JPMorgan BetaBuilders International Equity ETF (BBIN). 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.
Dividends
EFAX vs. BBIN - Dividend Comparison
EFAX's dividend yield for the trailing twelve months is around 2.44%, less than BBIN's 3.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF | 2.44% | 2.71% | 2.81% | 2.58% | 1.69% | 2.71% | 3.05% | 2.89% | 0.26% |
BBIN JPMorgan BetaBuilders International Equity ETF | 3.30% | 3.20% | 2.83% | 3.54% | 1.07% | 0.09% | 0.00% | 0.00% | 0.00% |
Drawdowns
EFAX vs. BBIN - Drawdown Comparison
The maximum EFAX drawdown since its inception was -32.53%, roughly equal to the maximum BBIN drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for EFAX and BBIN. For additional features, visit the drawdowns tool.
Volatility
EFAX vs. BBIN - Volatility Comparison
The current volatility for SPDR MSCI EAFE Fossil Fuel Free ETF (EFAX) is 3.92%, while JPMorgan BetaBuilders International Equity ETF (BBIN) has a volatility of 5.70%. This indicates that EFAX experiences smaller price fluctuations and is considered to be less risky than BBIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.