BBAX vs SPY
JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | BBAX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.09% | |
| AUM | $6.6B | $789.1B | |
| Dividend Yield | 3.59% | 1.01% | |
| Holdings | 107 | 505 | |
| YTD Return | +14.29% | +13.75% | |
| 1Y Return | +18.91% | +22.91% | |
| 3Y Return (annualized) | +15.37% | +21.67% | |
| 5Y Return (annualized) | +6.49% | +13.32% | |
| Volatility (annualized) | 18.4% | 15.3% | |
| Max Drawdown | -39.6% | -56.5% | |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Aug 7, 2018 | Jan 22, 1993 |
BBAX vs SPY Performance
JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BBAX) is a ETF from J.P. Morgan Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BBAX returned +18.91% while SPY returned +22.91%. Year to date, BBAX is up 14.29% versus a gain of 13.75% for SPY.
Over three years, BBAX compounded at +15.37% per year against +21.67% for SPY; over five years the annualized figures are +6.49% and +13.32% respectively. Across the full 8-year window we track, SPY has the edge at +8.85% annualized vs +6.08%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BBAX has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 15.3% for SPY. 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 -56.5% for SPY. 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BBAX charges 0.19% per year while SPY charges 0.09%. On a $10,000 position that is $19 vs $9 annually, a gap of $10 per year that compounds over a long holding period. On income, BBAX currently yields 3.59% against 1.01% for SPY.
Holdings Overlap
BBAX and SPY share 0 holdings out of 598 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 SPY?
BBAX has an expense ratio of 0.19% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, BBAX or SPY?
Over the past year BBAX returned +18.91% vs +22.91% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (8 years), BBAX annualized +6.08% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, BBAX or SPY?
BBAX has been the more volatile fund at 18.4% annualized versus 15.3% for SPY. Worst drawdown: BBAX -39.6% vs SPY -56.5%.
Should I hold both BBAX and SPY?
BBAX and SPY have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BBAX and SPY?
BBAX and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 598 unique securities.
Which pays a higher dividend, BBAX or SPY?
BBAX yields 3.59% while SPY yields 1.01%, so BBAX currently pays the higher dividend yield.
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