JEPI vs. BBJP

Last updated Jul 26, 2026

JEPI (JPMorgan Equity Premium Income ETF) and BBJP (JPMorgan BetaBuilders Japan ETF) are both exchange-traded funds - JEPI is a Dividend fund actively managed by JPMorgan, while BBJP is a Japan Equities fund tracking the Morningstar Japan Target Market Exposure Index. JEPI is actively managed, while BBJP is passively managed. Over the past 5 years, JEPI returned 7.17%/yr vs 8.67%/yr for BBJP. Their 0.52 correlation means they have sometimes moved together and sometimes differently. JEPI charges 0.35%/yr vs 0.19%/yr for BBJP.

Performance

JEPI vs. BBJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Premium Income ETF (JEPI) 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, JEPI achieves a 3.37% return, which is significantly lower than BBJP's 11.90% return.

JEPI

• 1D: 0.67%
• 1M: 2.00%
• 6M: 1.35%
• YTD: 3.37%
• 1Y: 7.34%
• 3Y*: 8.83%
• 5Y*: 7.17%
• 10Y*: —
• ALL TIME*: 11.13%

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
JEPI JPMorgan Equity Premium Income ETF	$256.82M	$259.30M	$303.30M

JEPI vs. BBJP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JEPI JPMorgan Equity Premium Income ETF	3.37%	8.09%	12.57%	9.83%	-3.49%	21.52%	18.39%
BBJP JPMorgan BetaBuilders Japan ETF	11.90%	26.55%	7.47%	20.65%	-17.24%	1.21%	28.63%

Correlation

The correlation between JEPI and BBJP is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.48
Correlation (3Y) Balances recent behavior with more history.	0.50
Correlation (5Y) Shows whether the relationship held over a longer period.	0.53
Correlation (All Time) Calculated using the full available price history since May 21, 2020	0.52

The correlation between JEPI and BBJP has been stable across timeframes, ranging from 0.48 to 0.53 - a consistent structural relationship.

JEPI vs. BBJP - Sectors Allocation Comparison

Sectors	JEPI	BBJP
Technology	15.3%	22.2%
Healthcare	12.8%	5.8%
Industrials	10.7%	25.6%
Consumer Cyclical	10.0%	10.7%
Financial Services	9.1%	18.8%
Consumer Defensive	7.8%	3.6%
Communication Services	6.2%	4.6%
Utilities	4.8%	1.0%
Real Estate	2.6%	2.2%
Energy	2.5%	0.9%
Basic Materials	1.6%	4.1%

Return for Risk

JEPI vs. BBJP — Risk / Return Rank

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

JEPI

JEPI Risk / Return Rank: 36
JEPI Sharpe Ratio Rank: 39
JEPI Sortino Ratio Rank: 38
JEPI Omega Ratio Rank: 37
JEPI Calmar Ratio Rank: 34
JEPI Martin Ratio Rank: 34

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.

JEPI vs. BBJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income ETF (JEPI) 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.

	JEPI	BBJP	Difference
Sharpe ratio: Return per unit of total volatility	0.95	1.14	-0.19
Sortino ratio: Return per unit of downside risk	1.42	1.67	-0.25
Omega ratio: Gain probability vs. loss probability	1.18	1.22	-0.04
Calmar ratio: Return relative to maximum drawdown	1.15	1.70	-0.55
Martin ratio: Return relative to average drawdown	3.22	5.53	-2.31

JEPI vs. BBJP - Sharpe Ratio Comparison

The current JEPI Sharpe Ratio is 0.95, which is comparable to the BBJP Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of JEPI 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

JEPI vs. BBJP - Drawdown Comparison

The maximum JEPI drawdown since its inception was -13.71%, smaller than the maximum BBJP drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for JEPI and BBJP.

Drawdown Indicators

	JEPI	BBJP	Difference
Max Drawdown Largest peak-to-trough decline	-13.71%	-32.66%	+18.95%
Max Drawdown (1Y) Largest decline over 1 year	-6.68%	-13.60%	+6.92%
Max Drawdown (3Y) Largest decline over 3 years	-13.26%	-14.49%	+1.23%
Max Drawdown (5Y) Largest decline over 5 years	-13.71%	-32.66%	+18.95%
Current Drawdown Current decline from peak	-1.77%	-5.62%	+3.85%
Average Drawdown Average peak-to-trough decline	-2.13%	-8.43%	+6.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	4.19%	-1.82%

Volatility

JEPI vs. BBJP - Volatility Comparison

The current volatility for JPMorgan Equity Premium Income ETF (JEPI) is 1.95%, while JPMorgan BetaBuilders Japan ETF (BBJP) has a volatility of 5.94%. This indicates that JEPI 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

	JEPI	BBJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.95%	5.94%	-3.99%
Volatility (6M) Calculated over the trailing 6-month period	6.22%	16.84%	-10.62%
Volatility (1Y) Calculated over the trailing 1-year period	8.06%	20.22%	-12.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.09%	18.45%	-7.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.74%	18.41%	-7.67%

JEPI vs. BBJP - Expense Ratio Comparison

JEPI has a 0.35% expense ratio, which is higher than BBJP's 0.19% expense ratio.

Dividends

JEPI vs. BBJP - Dividend Comparison

JEPI's dividend yield for the trailing twelve months is around 8.05%, 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%
JEPI JPMorgan Equity Premium Income ETF	8.05%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JEPI and BBJP in my portfolio?

JEPI and BBJP have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JEPI or BBJP?

BBJP has higher volatility (5.94%) compared to JEPI (1.95%). In terms of maximum drawdown, JEPI dropped -13.71% vs BBJP's -32.66%.

Which ETF is better, JEPI or BBJP?

On 5-year performance, BBJP leads with 8.67% vs 7.17% for JEPI. On fees, BBJP is cheaper at 0.19% per year. On volatility, JEPI has been the lower-risk option at 1.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JEPI or BBJP?

Over the 5-year period, BBJP has performed better with a 8.67% return vs 7.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JEPI or BBJP?

BBJP is cheaper with a 0.19% expense ratio, compared with 0.35% for JEPI.

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

JEPI has the higher dividend yield at 8.05%, compared with 4.80% for BBJP.

What is the main difference between JEPI and BBJP?

JEPI is categorized as Dividend, while BBJP is Japan Equities. Their fees differ too: 0.35% for JEPI and 0.19% for BBJP.

Which has better risk-adjusted returns?

BBJP currently has the higher Sharpe Ratio (1.14 vs 0.95), 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.