BBAX
JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF
The JPMorgan BetaBuilders Developed Asia ex-Japan ETF tracks a market-cap-weighted index of large- and midcap stocks in developed-market Asian countries, excluding Japan.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
4.8 B
ASSETS UNDER MGMT
19 bp
EXPENSES
Fund Basics
| Fund sponsor | JPMorgan |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 07, 2018 |
| Assets (mns) | $4,754 |
| Expense ratio | 19 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| COMMONWEALTH BANK OF AUSTRAL | 8.2 % |
| BHP BILLITON LTD | 7.8 % |
| CSL LIMITED | 5.5 % |
| NATIONAL AUSTRALIA BANK LTD | 4.3 % |
| AIA GROUP LTD | 4.2 % |
| WESTPAC BANKING CORP | 3.7 % |
| AUST AND NZ BANKING GROUP | 3.2 % |
| DBS GROUP HOLDINGS LTD | 3.2 % |
| WESFARMERS LIMITED | 3.0 % |
| MACQUARIE GROUP LTD | 2.9 % |
Constituent Breakdown
| Number of holdings | 119 |
| Herfindahl-Hirschman Index | 294 |
| Wgt avg mkt cap (mns) | $61,480 |
| Large cap (>$10bn) | 88.6% |
| Mid cap ($2-10bn) | 11.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.7% |
| Emerging mkts. | 0.3% |
Country Exposure
 |
AUSTRALIA | 66.7 % |
 |
HONG KONG | 15.8 % |
 |
SINGAPORE | 11.3 % |
 |
NEW ZEALAND | 1.8 % |
 |
IRELAND | 0.8 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 5.9% | 21.8% | 13.9% | 1.3% | 4.8% | -- | 5.0% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.85 | 54% |
| MSCI EAFE | 1.00 | 78% |
| MSCI Emg Mkts | 0.99 | 74% |
Liquidity Measures
| Avg. volume (000) | 172 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $3,685 |
Technical Indicators
| Recent close | $51.93 |
| 30d moving avg. | $52.67 |
| Annualized volatility | 20.0% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. BBAX |
Expenses vs. BBAX |
ALTAR Score™ vs. BBAX |
|---|---|---|---|---|
| EPP | iShares MSCI Pacific ex-Japan ETF | 89.7% | +28 bp | -0.5% |
| FLAU | Franklin FTSE Australia ETF | 68.5% | -10 bp | +0.0% |
| EWA | iShares MSCI Australia ETF | 67.5% | +31 bp | -0.6% |
| DVYA | iShares Asia/Pacific Dividend ETF | 30.6% | +30 bp | +3.6% |
| IPAC | iShares Core MSCI Pacific ETF | 25.6% | -10 bp | +1.8% |
| FPA | First Trust Asia Pacific ex-Japan AlphaDEX Fund | 23.0% | +61 bp | +2.3% |
| VPL | Vanguard FTSE Pacific ETF | 22.2% | -11 bp | +2.3% |
| HDEF | Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 16.6% | -10 bp | +4.5% |
| IDLV | Invesco S&P International Developed Low Volatility ETF | 16.2% | +6 bp | +0.9% |
| FLHK | Franklin FTSE Hong Kong ETF | 15.8% | -10 bp | +1.5% |
Risk and Returns: BBAX vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/22/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
BBAX
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
BBAX
5.4%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. BBAX's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places BBAX in the 22nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BBAXSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| BBAX (19 bp) Percentile rank | 16 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BBAX | 19.0 | 4.2 | 23.2 |
| Peer Avg. | 42.8 | 27.5 | 70.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .