BBAX vs QQQ
JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | BBAX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.18% | |
| AUM | $6.8B | $496.3B | |
| Dividend Yield | 3.53% | 0.44% | |
| Holdings | 102 | 108 | |
| YTD Return | +13.16% | +19.52% | |
| 1Y Return | +16.98% | +26.68% | |
| 3Y Return (annualized) | +15.45% | +26.64% | |
| 5Y Return (annualized) | +6.32% | +15.36% | |
| Volatility (annualized) | 18.4% | 30.6% | |
| Max Drawdown | -39.6% | -83.0% | |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Aug 7, 2018 | Mar 10, 1999 |
BBAX vs QQQ Performance
JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BBAX) is a ETF from J.P. Morgan Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BBAX returned +16.98% while QQQ returned +26.68%. Year to date, BBAX is up 13.16% versus a gain of 19.52% for QQQ.
Over three years, BBAX compounded at +15.45% per year against +26.64% for QQQ; over five years the annualized figures are +6.32% and +15.36% respectively. Across the full 8-year window we track, QQQ has the edge at +13.14% annualized vs +5.94%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 18.4% for BBAX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -39.6% for BBAX and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BBAX charges 0.19% per year while QQQ charges 0.18%. On a $10,000 position that is $19 vs $18 annually, a gap of $1 per year that compounds over a long holding period. On income, BBAX currently yields 3.53% against 0.44% for QQQ.
Holdings Overlap
BBAX and QQQ share 0 holdings out of 193 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BBAX or QQQ?
BBAX has an expense ratio of 0.19% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, BBAX or QQQ?
Over the past year BBAX returned +16.98% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (8 years), BBAX annualized +5.94% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, BBAX or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.4% for BBAX. Worst drawdown: BBAX -39.6% vs QQQ -83.0%.
Should I hold both BBAX and QQQ?
BBAX and QQQ have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BBAX and QQQ?
BBAX and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 193 unique securities.
Which pays a higher dividend, BBAX or QQQ?
BBAX yields 3.53% while QQQ yields 0.44%, so BBAX currently pays the higher dividend yield.
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