GSJY vs. BBJP

Last updated Aug 4, 2026

GSJY (Goldman Sachs ActiveBeta Japan Equity ETF) and BBJP (JPMorgan BetaBuilders Japan ETF) are both Japan Equities funds - GSJY tracks the Goldman Sachs ActiveBeta Japan Equity Index while BBJP tracks the Morningstar Japan Target Market Exposure Index. Both are passively managed. Over the past 5 years, GSJY returned 9.38%/yr vs 9.15%/yr for BBJP. Their 0.98 correlation means they have historically moved very closely together. GSJY charges 0.25%/yr vs 0.19%/yr for BBJP.

Performance

GSJY vs. BBJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) and JPMorgan BetaBuilders Japan ETF (BBJP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with GSJY having a 14.32% return and BBJP slightly lower at 13.76%.

GSJY

• 1D: 0.04%
• 1M: 0.76%
• 6M: 7.61%
• YTD: 14.32%
• 1Y: 29.56%
• 3Y*: 17.96%
• 5Y*: 9.38%
• 10Y*: 9.05%
• ALL TIME*: 9.18%

BBJP

• 1D: 0.54%
• 1M: -0.32%
• 6M: 7.16%
• YTD: 13.76%
• 1Y: 29.12%
• 3Y*: 17.63%
• 5Y*: 9.15%
• 10Y*: —
• ALL TIME*: 7.84%

*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	$139.86M	$107.18M	$113.19M
GSJY Goldman Sachs ActiveBeta Japan Equity ETF	$176.08K	$192.71K	$274.31K

GSJY vs. BBJP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GSJY Goldman Sachs ActiveBeta Japan Equity ETF	14.32%	26.22%	8.89%	19.18%	-16.15%	0.41%	13.81%	18.29%	-13.24%
BBJP JPMorgan BetaBuilders Japan ETF	13.76%	26.55%	7.47%	20.65%	-17.24%	1.21%	15.42%	18.85%	-13.92%

Correlation

The correlation between GSJY and BBJP is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.98
Correlation (3Y) Balances recent behavior with more history.	0.99
Correlation (5Y) Shows whether the relationship held over a longer period.	0.99
Correlation (All Time) Calculated using the full available price history since Jun 18, 2018	0.98

The correlation between GSJY and BBJP has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

GSJY vs. BBJP - Sectors Allocation Comparison

Sectors	GSJY	BBJP
Industrials	23.3%	25.8%
Technology	23.3%	21.5%
Financial Services	18.8%	19.9%
Consumer Cyclical	12.0%	10.5%
Communication Services	5.9%	4.5%
Healthcare	4.6%	5.8%
Basic Materials	3.4%	3.9%
Consumer Defensive	3.1%	3.6%
Energy	3.0%	0.9%
Utilities	1.5%	1.0%
Real Estate	1.2%	2.1%

Return for Risk

GSJY vs. BBJP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GSJY

GSJY Risk / Return Rank: 57
GSJY Sharpe Ratio Rank: 58
GSJY Sortino Ratio Rank: 57
GSJY Omega Ratio Rank: 60
GSJY Calmar Ratio Rank: 57
GSJY Martin Ratio Rank: 55

BBJP

BBJP Risk / Return Rank: 58
BBJP Sharpe Ratio Rank: 58
BBJP Sortino Ratio Rank: 58
BBJP Omega Ratio Rank: 60
BBJP Calmar Ratio Rank: 59
BBJP Martin Ratio Rank: 56

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GSJY vs. BBJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) 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.

	GSJY	BBJP	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.42	+0.03
Sortino ratio: Return per unit of downside risk	2.06	2.03	+0.03
Omega ratio: Gain probability vs. loss probability	1.27	1.27	+0.01
Calmar ratio: Return relative to maximum drawdown	2.11	2.15	-0.04
Martin ratio: Return relative to average drawdown	6.76	6.87	-0.12

GSJY vs. BBJP - Sharpe Ratio Comparison

The current GSJY Sharpe Ratio is 1.45, which is comparable to the BBJP Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of GSJY 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

GSJY vs. BBJP - Drawdown Comparison

The maximum GSJY drawdown since its inception was -32.53%, roughly equal to the maximum BBJP drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for GSJY and BBJP.

Drawdown Indicators

	GSJY	BBJP	Difference
Max Drawdown Largest peak-to-trough decline	-32.53%	-32.66%	+0.13%
Max Drawdown (1Y) Largest decline over 1 year	-14.08%	-13.60%	-0.48%
Max Drawdown (3Y) Largest decline over 3 years	-14.96%	-14.49%	-0.47%
Max Drawdown (5Y) Largest decline over 5 years	-32.53%	-32.66%	+0.13%
Max Drawdown (10Y) Largest decline over 10 years	-32.53%	—	—
Current Drawdown Current decline from peak	-2.46%	-4.04%	+1.58%
Average Drawdown Average peak-to-trough decline	-7.52%	-8.43%	+0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.39%	4.25%	+0.14%

Volatility

GSJY vs. BBJP - Volatility Comparison

The current volatility for Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) is 6.92%, while JPMorgan BetaBuilders Japan ETF (BBJP) has a volatility of 7.64%. This indicates that GSJY experiences smaller price fluctuations and is considered to be less risky than BBJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSJY	BBJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.92%	7.64%	-0.72%
Volatility (6M) Calculated over the trailing 6-month period	17.21%	17.40%	-0.19%
Volatility (1Y) Calculated over the trailing 1-year period	20.50%	20.68%	-0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.41%	18.57%	-0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.16%	18.46%	-1.30%

GSJY vs. BBJP - Expense Ratio Comparison

GSJY has a 0.25% expense ratio, which is higher than BBJP's 0.19% 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%.

Dividends

GSJY vs. BBJP - Dividend Comparison

GSJY's dividend yield for the trailing twelve months is around 2.03%, less than BBJP's 4.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BBJP JPMorgan BetaBuilders Japan ETF	4.72%	5.37%	2.80%	3.05%	1.52%	2.89%	1.12%	2.31%	0.65%	0.00%	0.00%
GSJY Goldman Sachs ActiveBeta Japan Equity ETF	2.03%	1.99%	1.64%	2.11%	2.13%	1.73%	1.22%	2.79%	3.28%	1.70%	2.09%

Frequently Asked Questions

Can I hold both GSJY and BBJP in my portfolio?

With a correlation of 0.98, GSJY and BBJP 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.

Which is riskier, GSJY or BBJP?

BBJP has higher volatility (7.64%) compared to GSJY (6.92%). In terms of maximum drawdown, GSJY dropped -32.53% vs BBJP's -32.66%.

Which ETF is better, GSJY or BBJP?

On 5-year performance, GSJY leads with 9.38% vs 9.15% for BBJP. On fees, BBJP is cheaper at 0.19% per year. On volatility, GSJY has been the lower-risk option at 6.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GSJY or BBJP?

Over the 5-year period, GSJY has performed better with a 9.38% return vs 9.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GSJY or BBJP?

BBJP is cheaper with a 0.19% expense ratio, compared with 0.25% for GSJY.

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

BBJP has the higher dividend yield at 4.72%, compared with 2.03% for GSJY.

What is the main difference between GSJY and BBJP?

GSJY tracks Goldman Sachs ActiveBeta Japan Equity Index, while BBJP tracks Morningstar Japan Target Market Exposure Index. They also come from different issuers: Goldman Sachs and JPMorgan. Their fees differ too: 0.25% for GSJY and 0.19% for BBJP.

Which has better risk-adjusted returns?

GSJY currently has the higher Sharpe Ratio (1.45 vs 1.42), 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.