EPP vs. BBAX
EPP (iShares MSCI Pacific ex Japan ETF) and BBAX (JPMorgan BetaBuilders Developed Asia ex-Japan ETF) are both Asia Pacific Equities funds - EPP tracks the MSCI Pacific ex-Japan Index while BBAX tracks the Morningstar Developed Asia Pacific ex-Japan Target Market Exposure Index. Both are passively managed. Over the past 5 years, EPP returned 5.00%/yr vs 5.38%/yr for BBAX. With a 0.99 correlation, they move nearly in lockstep. EPP charges 0.48%/yr vs 0.19%/yr for BBAX.
Performance
EPP vs. BBAX - Performance Comparison
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Returns By Period
In the year-to-date period, EPP achieves a 8.29% return, which is significantly lower than BBAX's 9.34% return.
EPP
- 1D
- -0.19%
- 1M
- -0.60%
- YTD
- 8.29%
- 6M
- 8.03%
- 1Y
- 16.65%
- 3Y*
- 13.17%
- 5Y*
- 5.00%
- 10Y*
- 7.77%
BBAX
- 1D
- -0.16%
- 1M
- -0.57%
- YTD
- 9.34%
- 6M
- 9.12%
- 1Y
- 19.42%
- 3Y*
- 13.11%
- 5Y*
- 5.38%
- 10Y*
- —
EPP vs. BBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EPP iShares MSCI Pacific ex Japan ETF | 8.29% | 19.70% | 4.76% | 5.76% | -6.59% | 4.26% | 6.04% | 18.30% | -10.06% |
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF | 9.34% | 20.21% | 2.50% | 5.60% | -4.80% | 5.53% | 8.02% | 18.66% | -9.65% |
Correlation
The correlation between EPP and BBAX is 0.98 - 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 | 0.98 |
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 Aug 8, 2018 | 0.99 |
The correlation between EPP and BBAX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
EPP vs. BBAX - Sectors Allocation Comparison
Sectors
EPP
BBAX
Financial Services
Basic Materials
Industrials
Real Estate
Consumer Cyclical
Utilities
Healthcare
Consumer Defensive
Energy
Communication Services
Technology
Financial Services
EPP
BBAX
Basic Materials
EPP
BBAX
Industrials
EPP
BBAX
Real Estate
EPP
BBAX
Consumer Cyclical
EPP
BBAX
Utilities
EPP
BBAX
Healthcare
EPP
BBAX
Consumer Defensive
EPP
BBAX
Energy
EPP
BBAX
Communication Services
EPP
BBAX
Technology
EPP
BBAX
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Return for Risk
EPP vs. BBAX — Risk / Return Rank
EPP
BBAX
EPP vs. BBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Pacific ex Japan ETF (EPP) and JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX). 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.
| EPP | BBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 2.17 | -0.26 |
| Martin ratioReturn relative to average drawdown | 5.62 | 6.68 | -1.06 |
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Drawdowns
EPP vs. BBAX - Drawdown Comparison
The maximum EPP drawdown since its inception was -66.01%, which is greater than BBAX's maximum drawdown of -39.64%. Use the drawdown chart below to compare losses from any high point for EPP and BBAX.
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Drawdown Indicators
| EPP | BBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.01% | -39.64% | -26.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.79% | -9.01% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -19.29% | -20.12% | +0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -24.79% | -23.21% | -1.58% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | — | — |
Current DrawdownCurrent decline from peak | -3.93% | -4.19% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -10.61% | -7.20% | -3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 2.91% | +0.06% |
Volatility
EPP vs. BBAX - Volatility Comparison
iShares MSCI Pacific ex Japan ETF (EPP) and JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) have volatilities of 5.22% and 5.21%, 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.
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Volatility by Period
| EPP | BBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 5.21% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.75% | 12.58% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 14.91% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.51% | 17.37% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.12% | 19.69% | -0.57% |
EPP vs. BBAX - Expense Ratio Comparison
EPP has a 0.48% expense ratio, which is higher than BBAX's 0.19% expense ratio.
Dividends
EPP vs. BBAX - Dividend Comparison
EPP's dividend yield for the trailing twelve months is around 3.47%, less than BBAX's 3.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF | 3.62% | 3.86% | 4.13% | 4.17% | 5.06% | 5.47% | 2.57% | 4.07% | 1.36% | 0.00% | 0.00% | 0.00% |
EPP iShares MSCI Pacific ex Japan ETF | 3.47% | 3.77% | 3.81% | 4.10% | 4.37% | 4.58% | 2.28% | 3.89% | 5.00% | 4.15% | 3.96% | 4.90% |
Frequently Asked Questions
With a correlation of 0.98, EPP and BBAX 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.
EPP has higher volatility (5.22%) compared to BBAX (5.21%). In terms of maximum drawdown, EPP dropped -66.01% vs BBAX's -39.64%.
On 5-year performance, BBAX leads with 5.38% vs 5.00% for EPP. On fees, BBAX is cheaper at 0.19% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BBAX has performed better with a 5.38% return vs 5.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBAX is cheaper with a 0.19% expense ratio, compared with 0.48% for EPP.
BBAX has the higher dividend yield at 3.62%, compared with 3.47% for EPP.
EPP tracks MSCI Pacific ex-Japan Index, while BBAX tracks Morningstar Developed Asia Pacific ex-Japan Target Market Exposure Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.48% for EPP and 0.19% for BBAX.
BBAX currently has the higher Sharpe Ratio (1.31 vs 1.11), 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.
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