BBJP vs SPY
JPMorgan BetaBuilders Japan ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. BBJP delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BBJP | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.09% | |
| AUM | $19.6B | $821.1B | |
| Dividend Yield | 4.75% | 1.01% | |
| Holdings | 184 | 505 | |
| YTD Return | +19.32% | +14.24% | |
| 1Y Return | +28.30% | +21.71% | |
| 3Y Return (annualized) | +20.83% | +22.10% | |
| 5Y Return (annualized) | +10.14% | +13.21% | |
| Volatility (annualized) | 14.8% | 15.3% | |
| Max Drawdown | -32.7% | -56.5% | |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 15, 2018 | Jan 22, 1993 |
BBJP vs SPY Performance
JPMorgan BetaBuilders Japan ETF (BBJP) 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 BBJP returned +28.30% while SPY returned +21.71%. Year to date, BBJP is up 19.32% versus a gain of 14.24% for SPY.
Over three years, BBJP compounded at +20.83% per year against +22.10% for SPY; over five years the annualized figures are +10.14% and +13.21% respectively. Across the full 8-year window we track, SPY has the edge at +8.86% annualized vs +8.53%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.8% for BBJP. 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 -32.7% for BBJP 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BBJP 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, BBJP currently yields 4.75% against 1.01% for SPY.
Holdings Overlap
BBJP and SPY share 0 holdings out of 677 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, BBJP or SPY?
BBJP 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, BBJP or SPY?
Over the past year BBJP returned +28.30% vs +21.71% for SPY, so BBJP leads on 1-year performance. Over the longest common window we track (8 years), BBJP annualized +8.53% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, BBJP or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.8% for BBJP. Worst drawdown: BBJP -32.7% vs SPY -56.5%.
Should I hold both BBJP and SPY?
BBJP and SPY have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BBJP and SPY?
BBJP and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 677 unique securities.
Which pays a higher dividend, BBJP or SPY?
BBJP yields 4.75% while SPY yields 1.01%, so BBJP currently pays the higher dividend yield.
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