JPY vs. BBJP

Last updated Jun 24, 2026

JPY (Lazard Japanese Equity ETF) and BBJP (JPMorgan BetaBuilders Japan ETF) are both Japan Equities funds. JPY is actively managed, while BBJP is passively managed. Over the past year, JPY returned 34.42% vs 32.87% for BBJP. With a 0.96 correlation, they move nearly in lockstep. JPY charges 0.60%/yr vs 0.19%/yr for BBJP.

Performance

JPY vs. BBJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Japanese Equity ETF (JPY) 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, JPY achieves a 14.88% return, which is significantly higher than BBJP's 13.64% return.

JPY

• 1D: -2.93%
• 1M: 0.59%
• YTD: 14.88%
• 6M: 14.45%
• 1Y: 34.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBJP

• 1D: -4.15%
• 1M: 0.55%
• YTD: 13.64%
• 6M: 13.11%
• 1Y: 32.87%
• 3Y*: 18.20%
• 5Y*: 8.94%
• 10Y*: —

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

JPY vs. BBJP - Yearly Performance Comparison

	2026 (YTD)	2025
JPY Lazard Japanese Equity ETF	14.88%	39.95%
BBJP JPMorgan BetaBuilders Japan ETF	13.64%	37.77%

Correlation

The correlation between JPY and BBJP is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025	0.96

The correlation between JPY and BBJP has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.

Return for Risk

JPY vs. BBJP — Risk / Return Rank

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

JPY

JPY Risk / Return Rank: 53
JPY Sharpe Ratio Rank: 55
JPY Sortino Ratio Rank: 53
JPY Omega Ratio Rank: 55
JPY Calmar Ratio Rank: 50
JPY Martin Ratio Rank: 49

BBJP

BBJP Risk / Return Rank: 50
BBJP Sharpe Ratio Rank: 49
BBJP Sortino Ratio Rank: 48
BBJP Omega Ratio Rank: 50
BBJP Calmar Ratio Rank: 51
BBJP Martin Ratio Rank: 50

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.

JPY vs. BBJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Japanese Equity ETF (JPY) 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.

	JPY	BBJP	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.62	+0.08
Sortino ratio: Return per unit of downside risk	2.38	2.29	+0.09
Omega ratio: Gain probability vs. loss probability	1.31	1.30	+0.01
Calmar ratio: Return relative to maximum drawdown	2.29	2.43	-0.14
Martin ratio: Return relative to average drawdown	7.73	8.09	-0.36

JPY vs. BBJP - Sharpe Ratio Comparison

The current JPY Sharpe Ratio is 1.70, which is comparable to the BBJP Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of JPY 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

JPY vs. BBJP - Drawdown Comparison

The maximum JPY drawdown since its inception was -15.13%, smaller than the maximum BBJP drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for JPY and BBJP.

Drawdown Indicators

	JPY	BBJP	Difference
Max Drawdown Largest peak-to-trough decline	-15.13%	-32.66%	+17.53%
Max Drawdown (1Y) Largest decline over 1 year	-15.13%	-13.60%	-1.53%
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	-3.23%	-4.15%	+0.92%
Average Drawdown Average peak-to-trough decline	-2.53%	-8.48%	+5.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.47%	4.07%	+0.40%

Volatility

JPY vs. BBJP - Volatility Comparison

The current volatility for Lazard Japanese Equity ETF (JPY) is 5.98%, while JPMorgan BetaBuilders Japan ETF (BBJP) has a volatility of 7.47%. This indicates that JPY 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

	JPY	BBJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.98%	7.47%	-1.49%
Volatility (6M) Calculated over the trailing 6-month period	15.66%	16.38%	-0.72%
Volatility (1Y) Calculated over the trailing 1-year period	20.33%	20.43%	-0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.21%	18.37%	+2.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.21%	18.40%	+2.81%

JPY vs. BBJP - Expense Ratio Comparison

JPY has a 0.60% expense ratio, which is higher than BBJP's 0.19% expense ratio.

Dividends

JPY vs. BBJP - Dividend Comparison

JPY's dividend yield for the trailing twelve months is around 1.20%, less than BBJP's 4.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBJP JPMorgan BetaBuilders Japan ETF	4.72%	5.37%	2.80%	3.05%	1.52%	2.89%	1.12%	2.31%	0.65%
JPY Lazard Japanese Equity ETF	1.20%	2.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JPY and BBJP in my portfolio?

With a correlation of 0.96, JPY 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, JPY or BBJP?

BBJP has higher volatility (7.47%) compared to JPY (5.98%). In terms of maximum drawdown, JPY dropped -15.13% vs BBJP's -32.66%.

Which ETF is better, JPY or BBJP?

On 1-year performance, JPY leads with 34.42% vs 32.87% for BBJP. On fees, BBJP is cheaper at 0.19% per year. On volatility, JPY has been the lower-risk option at 5.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPY or BBJP?

Over the 1-year period, JPY has performed better with a 34.42% return vs 32.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPY or BBJP?

BBJP is cheaper with a 0.19% expense ratio, compared with 0.60% for JPY.

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

BBJP has the higher dividend yield at 4.72%, compared with 1.20% for JPY.

What is the main difference between JPY and BBJP?

They also come from different issuers: Lazard and JPMorgan. Their fees differ too: 0.60% for JPY and 0.19% for BBJP.

Which has better risk-adjusted returns?

JPY currently has the higher Sharpe Ratio (1.70 vs 1.62), 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.