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EWQ vs. BBEU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWQ vs. BBEU

Last updated Jun 4, 2026

EWQ (iShares MSCI France ETF) and BBEU (JPMorgan BetaBuilders Europe ETF) are both Europe Equities funds - EWQ tracks the MSCI France Index while BBEU tracks the Morningstar Developed Europe Target Market Exposure Index. Both are passively managed. Over the past 5 years, EWQ returned 6.30%/yr vs 8.77%/yr for BBEU. Their correlation of 0.94 suggests significant overlap in exposure. EWQ charges 0.50%/yr vs 0.09%/yr for BBEU.

Performance

EWQ vs. BBEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI France ETF (EWQ) and JPMorgan BetaBuilders Europe ETF (BBEU). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EWQ achieves a 1.20% return, which is significantly lower than BBEU's 5.53% return.

EWQ

1D
-1.19%
1M
2.85%
YTD
1.20%
6M
2.17%
1Y
9.25%
3Y*
9.50%
5Y*
6.30%
10Y*
9.13%

BBEU

1D
-1.22%
1M
2.67%
YTD
5.53%
6M
8.51%
1Y
18.25%
3Y*
16.49%
5Y*
8.77%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EWQ vs. BBEU - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
EWQ
iShares MSCI France ETF		1.20%28.90%-5.63%21.71%-12.05%21.43%2.86%26.69%-14.81%
BBEU
JPMorgan BetaBuilders Europe ETF		5.53%36.37%1.85%20.31%-14.72%17.50%5.00%23.96%-13.25%

Correlation

The correlation between EWQ and BBEU is 0.92, 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

0.92

Correlation (3Y)
Calculated over the trailing 3-year period

0.92

Correlation (5Y)
Calculated over the trailing 5-year period

0.94

Correlation (All Time)
Calculated using the full available price history since Jun 19, 2018

0.94

The correlation between EWQ and BBEU has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

EWQ vs. BBEU - Sectors Allocation Comparison

Sectors
EWQ
BBEU

Industrials

31.7%
14.8%

Financial Services

12.8%
21.8%

Consumer Cyclical

12.0%
4.7%

Healthcare

8.4%
10.7%

Consumer Defensive

8.3%
8.4%

Energy

8.0%
3.4%

Basic Materials

7.0%
4.5%

Technology

4.1%
7.7%

Communication Services

3.0%
2.8%

Utilities

2.6%
3.0%

Real Estate

1.4%
0.3%

Industrials

EWQ
31.7%
BBEU
14.8%

Financial Services

EWQ
12.8%
BBEU
21.8%

Consumer Cyclical

EWQ
12.0%
BBEU
4.7%

Healthcare

EWQ
8.4%
BBEU
10.7%

Consumer Defensive

EWQ
8.3%
BBEU
8.4%

Energy

EWQ
8.0%
BBEU
3.4%

Basic Materials

EWQ
7.0%
BBEU
4.5%

Technology

EWQ
4.1%
BBEU
7.7%

Communication Services

EWQ
3.0%
BBEU
2.8%

Utilities

EWQ
2.6%
BBEU
3.0%

Real Estate

EWQ
1.4%
BBEU
0.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI France ETF

JPMorgan BetaBuilders Europe ETF

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Often compared with BBEU:
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Return for Risk

EWQ vs. BBEU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWQ
EWQ Risk / Return Rank: 1717
Overall Rank
EWQ Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
EWQ Sortino Ratio Rank: 1717
Sortino Ratio Rank
EWQ Omega Ratio Rank: 1717
Omega Ratio Rank
EWQ Calmar Ratio Rank: 1717
Calmar Ratio Rank
EWQ Martin Ratio Rank: 1919
Martin Ratio Rank
BBEU
BBEU Risk / Return Rank: 3232
Overall Rank
BBEU Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
BBEU Sortino Ratio Rank: 3232
Sortino Ratio Rank
BBEU Omega Ratio Rank: 3131
Omega Ratio Rank
BBEU Calmar Ratio Rank: 3131
Calmar Ratio Rank
BBEU Martin Ratio Rank: 3636
Martin Ratio Rank
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.

EWQ vs. BBEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI France ETF (EWQ) and JPMorgan BetaBuilders Europe ETF (BBEU). 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.

EWQBBEUDifference
Sharpe ratioReturn per unit of total volatility
0.54
1.19

-0.64

Sortino ratioReturn per unit of downside risk
0.88
1.73

-0.86

Omega ratioGain probability vs. loss probability

1.11

1.21

-0.10

Calmar ratioReturn relative to maximum drawdown

0.67

1.50

-0.82

Martin ratioReturn relative to average drawdown

2.08

5.57

-3.49

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EWQ vs. BBEU - Sharpe Ratio Comparison

The current EWQ Sharpe Ratio is 0.54, which is lower than the BBEU Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of EWQ and BBEU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EWQBBEUDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.54

1.19

-0.64

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.32

0.50

-0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.44

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

0.47

-0.20

Drawdowns

EWQ vs. BBEU - Drawdown Comparison

The maximum EWQ drawdown since its inception was -61.41%, which is greater than BBEU's maximum drawdown of -36.27%. Use the drawdown chart below to compare losses from any high point for EWQ and BBEU.

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Drawdown Indicators

EWQBBEUDifference

Max Drawdown

Largest peak-to-trough decline

-61.41%

-36.27%

-25.14%

Max Drawdown (1Y)

Largest decline over 1 year

-13.80%

-12.23%

-1.57%

Max Drawdown (3Y)

Largest decline over 3 years

-15.16%

-14.23%

-0.93%

Max Drawdown (5Y)

Largest decline over 5 years

-31.46%

-31.08%

-0.38%

Max Drawdown (10Y)

Largest decline over 10 years

-39.23%

—

—

Current Drawdown

Current decline from peak

-5.83%

-2.65%

-3.18%

Average Drawdown

Average peak-to-trough decline

-16.08%

-6.14%

-9.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.46%

3.28%

+1.18%

Volatility

EWQ vs. BBEU - Volatility Comparison

iShares MSCI France ETF (EWQ) has a higher volatility of 6.56% compared to JPMorgan BetaBuilders Europe ETF (BBEU) at 5.62%. This indicates that EWQ's price experiences larger fluctuations and is considered to be riskier than BBEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EWQBBEUDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.56%

5.62%

+0.94%

Volatility (6M)

Calculated over the trailing 6-month period

13.52%

12.98%

+0.54%

Volatility (1Y)

Calculated over the trailing 1-year period

17.15%

15.49%

+1.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.78%

17.49%

+2.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.81%

19.32%

+1.49%

EWQ vs. BBEU - Expense Ratio Comparison

EWQ has a 0.50% expense ratio, which is higher than BBEU's 0.09% expense ratio.

Dividends

EWQ vs. BBEU - Dividend Comparison

EWQ's dividend yield for the trailing twelve months is around 2.60%, less than BBEU's 2.82% yield.

PositionTTM20252024202320222021202020192018201720162015
BBEU
JPMorgan BetaBuilders Europe ETF		2.82%2.83%4.16%2.94%4.72%2.63%2.29%3.24%0.49%0.00%0.00%0.00%
EWQ
iShares MSCI France ETF		2.60%2.63%3.31%2.73%3.23%3.79%1.02%2.44%2.90%1.90%2.84%2.25%

Frequently Asked Questions

With a correlation of 0.92, EWQ and BBEU 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.

EWQ has higher volatility (6.56%) compared to BBEU (5.62%). In terms of maximum drawdown, EWQ dropped -61.41% vs BBEU's -36.27%.

On 5-year performance, BBEU leads with 8.77% vs 6.30% for EWQ. On fees, BBEU is cheaper at 0.09% per year. On volatility, BBEU has been the lower-risk option at 5.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, BBEU has performed better with a 8.77% return vs 6.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

BBEU is cheaper with a 0.09% expense ratio, compared with 0.50% for EWQ.

BBEU has the higher dividend yield at 2.82%, compared with 2.60% for EWQ.

EWQ tracks MSCI France Index, while BBEU tracks Morningstar Developed Europe Target Market Exposure Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.50% for EWQ and 0.09% for BBEU.

BBEU currently has the higher Sharpe Ratio (1.19 vs 0.54), 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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