GPIQ vs. BBJP

Last updated Jul 26, 2026

GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) and BBJP (JPMorgan BetaBuilders Japan ETF) are both exchange-traded funds - GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs, while BBJP is a Japan Equities fund tracking the Morningstar Japan Target Market Exposure Index. GPIQ is actively managed, while BBJP is passively managed. Over the past year, GPIQ returned 21.40% vs 24.42% for BBJP. Their 0.58 correlation means they have sometimes moved together and sometimes differently. GPIQ charges 0.29%/yr vs 0.19%/yr for BBJP.

Performance

GPIQ vs. BBJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and JPMorgan BetaBuilders Japan ETF (BBJP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GPIQ achieves a 10.98% return, which is significantly lower than BBJP's 11.90% return.

GPIQ

• 1D: -1.08%
• 1M: -3.82%
• 6M: 9.18%
• YTD: 10.98%
• 1Y: 21.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.03%

BBJP

• 1D: 0.19%
• 1M: -2.16%
• 6M: 6.85%
• YTD: 11.90%
• 1Y: 24.42%
• 3Y*: 16.52%
• 5Y*: 8.67%
• 10Y*: —
• ALL TIME*: 7.64%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BBJP JPMorgan BetaBuilders Japan ETF	$122.93M	$111.87M	$115.37M
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	$68.84M	$77.85M	$80.88M

GPIQ vs. BBJP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	10.98%	19.77%	23.22%	15.17%
BBJP JPMorgan BetaBuilders Japan ETF	11.90%	26.55%	7.47%	11.78%

Correlation

The correlation between GPIQ and BBJP is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.62
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.58

The correlation between GPIQ and BBJP has been stable across timeframes, ranging from 0.58 to 0.62 - a consistent structural relationship.

GPIQ vs. BBJP - Sectors Allocation Comparison

Sectors	GPIQ	BBJP
Technology	60.6%	22.2%
Communication Services	12.2%	4.6%
Consumer Cyclical	10.6%	10.7%
Consumer Defensive	6.2%	3.6%
Industrials	4.0%	25.6%
Healthcare	3.7%	5.8%
Utilities	1.3%	1.0%
Basic Materials	1.1%	4.1%
Energy	0.5%	0.9%
Financial Services	0.2%	18.8%
Real Estate	0.1%	2.2%

Return for Risk

GPIQ vs. BBJP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GPIQ

GPIQ Risk / Return Rank: 60
GPIQ Sharpe Ratio Rank: 57
GPIQ Sortino Ratio Rank: 53
GPIQ Omega Ratio Rank: 55
GPIQ Calmar Ratio Rank: 65
GPIQ Martin Ratio Rank: 71

BBJP

BBJP Risk / Return Rank: 48
BBJP Sharpe Ratio Rank: 47
BBJP Sortino Ratio Rank: 46
BBJP Omega Ratio Rank: 48
BBJP Calmar Ratio Rank: 48
BBJP Martin Ratio Rank: 48

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.

GPIQ vs. BBJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and JPMorgan BetaBuilders Japan ETF (BBJP). 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.

	GPIQ	BBJP	Difference
Sharpe ratio: Return per unit of total volatility	1.34	1.14	+0.19
Sortino ratio: Return per unit of downside risk	1.85	1.67	+0.19
Omega ratio: Gain probability vs. loss probability	1.24	1.22	+0.02
Calmar ratio: Return relative to maximum drawdown	2.28	1.70	+0.58
Martin ratio: Return relative to average drawdown	8.75	5.53	+3.22

GPIQ vs. BBJP - Sharpe Ratio Comparison

The current GPIQ Sharpe Ratio is 1.34, which is comparable to the BBJP Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of GPIQ and BBJP, 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

GPIQ vs. BBJP - Drawdown Comparison

The maximum GPIQ drawdown since its inception was -21.06%, smaller than the maximum BBJP drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for GPIQ and BBJP.

Drawdown Indicators

	GPIQ	BBJP	Difference
Max Drawdown Largest peak-to-trough decline	-21.06%	-32.66%	+11.60%
Max Drawdown (1Y) Largest decline over 1 year	-9.51%	-13.60%	+4.09%
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	-6.47%	-5.62%	-0.85%
Average Drawdown Average peak-to-trough decline	-2.30%	-8.43%	+6.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	4.19%	-1.72%

Volatility

GPIQ vs. BBJP - Volatility Comparison

Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and JPMorgan BetaBuilders Japan ETF (BBJP) have volatilities of 6.13% and 5.94%, 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.

Volatility by Period

	GPIQ	BBJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.13%	5.94%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	13.56%	16.84%	-3.28%
Volatility (1Y) Calculated over the trailing 1-year period	16.22%	20.22%	-4.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.97%	18.45%	-0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.97%	18.41%	-0.44%

GPIQ vs. BBJP - Expense Ratio Comparison

GPIQ has a 0.29% expense ratio, which is higher than BBJP's 0.19% expense ratio.

Dividends

GPIQ vs. BBJP - Dividend Comparison

GPIQ's dividend yield for the trailing twelve months is around 10.18%, more than BBJP's 4.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBJP JPMorgan BetaBuilders Japan ETF	4.80%	5.37%	2.80%	3.05%	1.52%	2.89%	1.12%	2.31%	0.65%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	10.18%	9.81%	9.18%	1.74%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GPIQ and BBJP in my portfolio?

GPIQ and BBJP have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GPIQ or BBJP?

GPIQ has higher volatility (6.13%) compared to BBJP (5.94%). In terms of maximum drawdown, GPIQ dropped -21.06% vs BBJP's -32.66%.

Which ETF is better, GPIQ or BBJP?

On 1-year performance, BBJP leads with 24.42% vs 21.40% for GPIQ. On fees, BBJP is cheaper at 0.19% per year. On volatility, BBJP has been the lower-risk option at 5.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GPIQ or BBJP?

Over the 1-year period, BBJP has performed better with a 24.42% return vs 21.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GPIQ or BBJP?

BBJP is cheaper with a 0.19% expense ratio, compared with 0.29% for GPIQ.

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

GPIQ has the higher dividend yield at 10.18%, compared with 4.80% for BBJP.

What is the main difference between GPIQ and BBJP?

GPIQ is categorized as Nasdaq-100, while BBJP is Japan Equities. They also come from different issuers: Goldman Sachs and JPMorgan. Their fees differ too: 0.29% for GPIQ and 0.19% for BBJP.

Which has better risk-adjusted returns?

GPIQ currently has the higher Sharpe Ratio (1.34 vs 1.14), 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.