FLAX vs. BBAX
Compare and contrast key facts about Franklin FTSE Asia ex Japan ETF (FLAX) and JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX).
FLAX and BBAX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLAX is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Asia ex Japan RIC Capped Index. It was launched on Feb 6, 2018. BBAX is a passively managed fund by JPMorgan Chase that tracks the performance of the Morningstar Developed Asia Pacific ex-Japan Target Market Exposure Index. It was launched on Aug 7, 2018. Both FLAX and BBAX 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: FLAX or BBAX.
Correlation
The correlation between FLAX and BBAX is 0.78, 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
FLAX vs. BBAX - Performance Comparison
Key characteristics
FLAX:
1.03
BBAX:
0.70
FLAX:
1.52
BBAX:
1.08
FLAX:
1.19
BBAX:
1.13
FLAX:
0.58
BBAX:
0.83
FLAX:
2.82
BBAX:
2.39
FLAX:
5.90%
BBAX:
4.50%
FLAX:
16.21%
BBAX:
15.28%
FLAX:
-42.51%
BBAX:
-39.64%
FLAX:
-16.60%
BBAX:
-5.73%
Returns By Period
In the year-to-date period, FLAX achieves a 4.83% return, which is significantly higher than BBAX's 4.29% return.
FLAX
4.83%
5.01%
4.46%
16.24%
4.08%
N/A
BBAX
4.29%
3.19%
2.85%
10.48%
4.37%
N/A
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FLAX vs. BBAX - Expense Ratio Comparison
Both FLAX and BBAX have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
FLAX vs. BBAX — Risk-Adjusted Performance Rank
FLAX
BBAX
FLAX vs. BBAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Asia ex Japan ETF (FLAX) 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.
Dividends
FLAX vs. BBAX - Dividend Comparison
FLAX's dividend yield for the trailing twelve months is around 2.98%, less than BBAX's 3.96% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
FLAX Franklin FTSE Asia ex Japan ETF | 2.98% | 3.12% | 2.20% | 2.86% | 2.39% | 1.58% | 2.23% | 2.35% |
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF | 3.96% | 4.13% | 4.17% | 5.06% | 5.47% | 2.57% | 4.07% | 1.36% |
Drawdowns
FLAX vs. BBAX - Drawdown Comparison
The maximum FLAX drawdown since its inception was -42.51%, which is greater than BBAX's maximum drawdown of -39.64%. Use the drawdown chart below to compare losses from any high point for FLAX and BBAX. For additional features, visit the drawdowns tool.
Volatility
FLAX vs. BBAX - Volatility Comparison
Franklin FTSE Asia ex Japan ETF (FLAX) has a higher volatility of 4.22% compared to JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) at 3.80%. This indicates that FLAX's price experiences larger fluctuations and is considered to be riskier than BBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.