BBAX vs VPL: Grades, Fees and Holdings Compared

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF

BBAXBCboe

Vanguard FTSE Pacific ETF

VPLANYSE Arca

Overlap

14.3%by weight

Expense ratio

VPL −0.12pt a year

BBAX0.19%VPL0.07%

Avg volume · 30D

VPL 1.7×the volume

BBAX218KVPL382K

5Y return · a year

VPL +2.7pt

BBAX+6.6%VPL+9.3%

BBAX vs VPL Performance

Oct 29, 2021 – Oct 30, 2026

+37.5%BBAX+56.3%VPL

Expense ratio: BBAX 0.19%; VPL 0.07%, better
Fund size: BBAX $6.76B; VPL $13.5B
1Y total return: BBAX +16.2%; VPL +21.9%, better
Yield (12M): BBAX 3.75%, better; VPL 2.23%
Holdings: BBAX 100; VPL 2348
Avg volume (30D): BBAX 218K sh; VPL 382K sh, better
NAV per share: BBAX $62.58; VPL $108.58
52W range

ETF.net Grade

Pillar letters and Scores for BBAX, VPL, with each pillar’s weight
Pillar	BBAX	VPL
Cost30% weight	B57	A89Higher
Mission25% weight	B66	A100Higher
Risk15% weight	B60Higher	C47
Tradability15% weight	C47Higher	C43
Holdings10% weight	D30	A74Higher
Durability5% weight	B57	A86Higher

Rank among Asia-Pacific Region funds

How we build Categories ›

Same Category. BBAX and VPL are both graded against the same 7 Asia-Pacific Region funds, so their Grades compare head to head.

Asia-Pacific Region⁠

Category · 7 funds

See all 7 ›

VPL ranks 1st and BBAX 4th of 7 funds in the Asia-Pacific Region Category.

Rank 1AVPLVanguard FTSE Pacific ETFScore 76
Rank 2AIPACiShares Core MSCI Pacific ETFScore 70
Rank 3BFLAXFranklin FTSE Asia ex Japan ETFScore 57
Rank 4BBBAXJPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETFScore 55
Rank 5CEPPiShares MSCI Pacific ex Japan ETFScore 54

Our read on each fund

ETF.net Research

BBAXBJPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF

VPLAVanguard FTSE Pacific ETF

In short

BBAX Developed Asia Pacific with Japan deliberately cut out: Australia, Hong Kong, Singapore and New Zealand in one ticket. The region's other half, indexed, at a price below the typical international blend fund.

VPL Vanguard's scalpel for the developed Pacific: Japan, Australia, South Korea, Hong Kong, Singapore and New Zealand, down to small caps, for 0.07% a year. Asia-Pacific without Europe bolted on, running since 2005.

Stated mandate

BBAX The fund is designed to provide indexed exposure to developed Asian Pacific equity markets while excluding Japan.

VPL VPL seeks to track the FTSE Developed Asia Pacific All Cap Index, targeting Pacific-region common stocks through passive full replication.

Why people hold it

BBAX Costs 0.19% a year, under the roughly 0.28% median for its international blend peer group.
Japan is excluded by design, so it stacks next to a separate Japan holding without overlap. It tracks a Morningstar developed Asia Pacific ex-Japan index.jpmorgan.com
Plain index plumbing since 2018: about 90 stocks across four markets, quarterly distributions, and a multi-billion-dollar asset base behind it.

VPL Costs 0.07% a year, roughly a quarter of the 0.28% median in its international-blend group and well under broad rivals like ACWX at 0.32%.vanguard.com
Full replication, all-cap: roughly 2,400 stocks held in index weight, small caps included, rather than a large-cap sample of the region.vanguard.com
Trading since 2005 and now a multi-billion-dollar fund that has tracked its benchmark tightly, one of the stronger implementations in its peer group.
FTSE's developed Asia Pacific map includes South Korea, so Korean names sit alongside Japanese and Australian ones in the same index.bogleheads.org

Worth knowing

BBAX Four markets and roughly 90 names. This is a regional slice, not a diversified international core.
Broad ex-US funds cost less for far wider coverage: VEU at 0.04% and IXUS at 0.07%, both including Japan.
Trading is moderate rather than heavy, so spreads deserve a look at the open and close. It sits in the lower half of its peer group overall.

VPL Six developed markets, full stop. No Europe and no emerging Asia, so China, Taiwan and India sit outside the mandate.bogleheads.org
Japan is the region's largest market and the fund's heaviest weight, and currency is unhedged, so Japanese equities and yen moves shape a lot of the ride.vanguard.com
One region means bumpier ground than a global fund; it doesn't cover developed ex-US or all-world markets the way VEU or IXUS do.

Full BBAX profile⁠

Full VPL profile⁠

BBAX vs VPL Holdings

How BBAX and VPL differ

Overlap by weight

14.3%

Shared holdings make up 85.2% of BBAX and 15.8% of VPL.

Level by level

Holdings73 in both14.3%
Countryby domicile22.1%
Sector11 Sectors55.8%
Asset classEquity100%

Sector

Sector weights in BBAX and VPL, widest gap first
Sector	More in BBAXMore in VPL	BBAX	VPL
Technology	VPL +27.3 points	0.2%	27.5%
Financials	BBAX +26.1 points	45.8%	19.7%
Industrials	VPL +10.0 points	7.8%	17.8%
Materials	BBAX +9.8 points	16.5%	6.7%
Consumer Discretionary	VPL +3.8 points	4.9%	8.7%
Real Estate	BBAX +3.6 points	7.0%	3.5%
Communication	VPL +2.8 points	2.4%	5.2%
Utilities	BBAX +1.8 points	3.2%	1.4%
Health Care	BBAX +1.7 points	6.3%	4.6%
Energy	BBAX +1.4 points	2.8%	1.4%
Consumer Staples	VPL +0.2 points	3.2%	3.4%

Country, concentration and asset class

Country by domicile

Country weights in BBAX and VPL, widest gap first
Country	More in BBAXMore in VPL	BBAX	VPL
Japan	VPL +54.9 points	0.0%	54.9%
Australia	BBAX +51.9 points	66.0%	14.1%
South Korea	VPL +23.0 points	0.0%	23.0%
Singapore	BBAX +12.5 points	15.8%	3.3%
Hong Kong	BBAX +11.0 points	15.1%	4.1%
China	BBAX +1.0 points	1.0%	0.0%
United Kingdom	BBAX +0.8 points	0.8%	0.0%
New Zealand	BBAX +0.7 points	1.2%	0.5%
United States	BBAX +0.2 points	0.2%	0.0%

Outside the US: BBAX 99% developed, 1% emerging. VPL 77% developed, 23% emerging.

Concentration

Weight in the 10 largest Holdings

BBAX48.9%
VPL24.8%

Securities held

BBAX93
VPL2,337

Asset class

BBAX: Equity
VPL: Equity

Holdings

Only in BBAX20
In both73
Only in VPL2,264

Only in BBAX

20 securities, 14.8% of BBAX by weight

Dbs Group Holdings Ltd5.25%
United Overseas Bank Ltd1.91%
Transurban Group Stapled1.37%
Singapore1.20%
Wuxi Biologics Cayman0.93%
Singapore Exchange Ltd0.58%
Jardine Matheson Holdings0.51%
Keppel Ltd Common Stock0.50%
Capitaland Integrated0.50%
Singapore Airlines Ltd0.34%
Capitaland Ascendas Reit0.32%
Sino Biopharmaceutical0.26%
Hkt Trust & Ltd0.25%
Wilmar International Ltd0.21%
Capitaland Investment0.19%
3SBIO Inc USD0.15%
Sands China Ltd Common0.12%
Genting Singapore Ltd0.12%
Jardine Matheson0.05%
Spi 200 12/17/2026<0.01%

Only in VPL

2,264 securities, 85.6% of VPL by weight

Samsung Electronics Co Ltd7.10%
SK hynix Inc5.82%
Mitsubishi UFJ Financial Group Inc1.98%
SLBBH11421.57%
Tokyo Electron Ltd1.30%
Advantest Corp1.25%
Sumitomo Mitsui Financial Group Inc1.25%
Hitachi Ltd1.20%
SoftBank Group Corp1.19%
Recruit Holdings Co Ltd1.12%
Sony Group Corp1.10%
Kioxia Holdings Corp1.04%
Mizuho Financial Group Inc1.02%
DBS Group Holdings Ltd0.96%
Samsung Electronics-Pref0.90%
Mitsubishi Corp0.75%
Keyence Corp0.75%
Tokio Marine Holdings Inc0.74%
ITOCHU Corp0.69%
Murata Manufacturing Co Ltd0.68%
Fast Retailing Co Ltd0.64%
Mitsubishi Heavy Industries Ltd0.63%
Mitsui & Co Ltd0.60%
SK Square Co Ltd0.58%
Shin-Etsu Chemical Co Ltd0.53%
Mitsubishi Electric Corp0.52%
Panasonic Holdings Corp0.52%
Samsung Electro-Mechanics Co Ltd0.48%
Takeda Pharmaceutical Co Ltd0.46%
Fujikura Ltd0.43%
Nintendo Co Ltd0.41%
KDDI Corp0.40%
Hoya Corp0.39%
Japan Tobacco Inc0.38%
Sumitomo Corp0.35%
Marubeni Corp0.35%
Sumitomo Electric Industries Ltd0.35%
SoftBank Corp0.34%
Fujitsu Ltd0.33%
KB Financial Group Inc0.33%
Komatsu Ltd0.33%
ORIX Corp0.33%
Daiichi Life Group Inc0.32%
MS&AD Insurance Group Holdings Inc0.32%
United Overseas Bank Ltd0.32%
Japan Post Bank Co Ltd0.31%
Honda Motor Co Ltd0.31%
NEC Corp0.29%
Renesas Electronics Corp0.28%
TDK Corp0.28%

Weight gaps

All 73 Holdings in both funds, largest gap first.

Holding weights in BBAX and VPL, widest gap first
Holding	More in BBAXMore in VPL	BBAX	VPL
Commonwealth Bank of	BBAX +7.48 points	8.85%	1.37%
Bhp Group Ltd Common	BBAX +7.41 points	9.10%	1.69%
Aia Group Ltd Common	BBAX +3.73 points	4.48%	0.75%
National Australia Bank	BBAX +3.35 points	4.01%	0.66%
Westpac Banking Corp	BBAX +3.35 points	4.00%	0.65%
Anz Group Holdings Ltd	BBAX +3.25 points	3.88%	0.63%
Oversea-Chinese Banking	BBAX +2.73 points	3.36%	0.63%
Csl Ltd Common Stock Aud	BBAX +2.60 points	3.08%	0.48%
Macquarie Group Ltd	BBAX +2.44 points	2.91%	0.47%
Wesfarmers Ltd Common	BBAX +2.30 points	2.77%	0.47%
Hong Kong Exchanges &	BBAX +2.06 points	2.52%	0.46%
Woodside Energy Group Ltd	BBAX +1.69 points	2.02%	0.33%
Toyota Motor Corp Common	VPL +1.51 points	<0.01%	1.51%
Rio Tinto Ltd Common	BBAX +1.41 points	1.74%	0.33%
Goodman Group Stapled	BBAX +1.38 points	1.67%	0.29%
Woolworths Group Ltd	BBAX +1.30 points	1.56%	0.26%
Aristocrat Leisure Ltd	BBAX +1.06 points	1.23%	0.17%
Qbe Insurance Group Ltd	BBAX +1.05 points	1.24%	0.19%
Techtronic Industries Co	BBAX +0.91 points	1.09%	0.18%
Northern Star Resources	BBAX +0.89 points	1.07%	0.18%
Ck Hutchison Holdings	BBAX +0.83 points	1.01%	0.18%
Brambles Ltd Common Stock	BBAX +0.78 points	0.92%	0.14%
Santos Ltd Common Stock	BBAX +0.76 points	0.91%	0.15%
Coles Group Ltd Common	BBAX +0.75 points	0.92%	0.17%
Sun Hung Kai Properties	BBAX +0.69 points	0.83%	0.14%
Clp Holdings Ltd Common	BBAX +0.69 points	0.81%	0.12%
Computershare Ltd Common	BBAX +0.63 points	0.75%	0.12%
Evolution Mining Ltd	BBAX +0.61 points	0.75%	0.14%
Fortescue Ltd Common	BBAX +0.58 points	0.72%	0.14%
Origin Energy Ltd Common	BBAX +0.57 points	0.67%	0.10%
Suncorp Group Ltd Common	BBAX +0.55 points	0.67%	0.12%
Insurance Australia	BBAX +0.56 points	0.66%	0.10%
Fisher & Paykel	BBAX +0.55 points	0.67%	0.12%
Telstra Group Ltd Common	BBAX +0.52 points	0.62%	0.10%
Link Reit Hkd 0	BBAX +0.50 points	0.60%	0.10%
SOUTH32 Ltd Common Stock	BBAX +0.49 points	0.61%	0.12%
Scentre Group Reit Aud 0	BBAX +0.49 points	0.59%	0.10%
Singapore Technologies	BBAX +0.46 points	0.56%	0.10%
Sigma Healthcare Ltd	BBAX +0.45 points	0.52%	0.07%
Power Assets Holdings	BBAX +0.42 points	0.50%	0.08%
Ck Asset Holdings Ltd	BBAX +0.42 points	0.50%	0.08%
Apa Group Stapled	BBAX +0.40 points	0.47%	0.07%
Bluescope Steel Ltd	BBAX +0.39 points	0.46%	0.07%
Hong Kong & China Gas Co	BBAX +0.38 points	0.46%	0.08%
Medibank Pvt Ltd Common	BBAX +0.38 points	0.45%	0.07%
Asx Ltd Common Stock Aud	BBAX +0.35 points	0.41%	0.06%
Lottery Corp Ltd/The	BBAX +0.32 points	0.38%	0.06%
Galaxy Entertainment	BBAX +0.31 points	0.38%	0.07%
Pro Medicus Ltd Common	BBAX +0.29 points	0.34%	0.05%
Washington H Soul	BBAX +0.28 points	0.37%	0.09%
Stockland Reit Aud 0	BBAX +0.27 points	0.33%	0.06%
Auckland International	BBAX +0.27 points	0.33%	0.06%
Orica Ltd Common Stock	BBAX +0.26 points	0.32%	0.06%
Mtr Corp Ltd Common	BBAX +0.25 points	0.30%	0.05%
Sonic Healthcare Ltd	BBAX +0.25 points	0.30%	0.05%
Gpt Group/The Reit Aud 0	BBAX +0.25 points	0.30%	0.05%
Vicinity Ltd Reit Aud 0	BBAX +0.24 points	0.29%	0.05%
Wh Group Ltd Common	BBAX +0.24 points	0.29%	0.05%
Zijin Gold International	BBAX +0.22 points	0.28%	0.06%
Sgh Ltd Common Stock Aud	BBAX +0.22 points	0.26%	0.04%
Rea Group Ltd Common	BBAX +0.22 points	0.26%	0.04%
Wisetech Global Ltd	BBAX +0.22 points	0.25%	0.03%
Ck Infrastructure	BBAX +0.21 points	0.25%	0.04%
Wharf Real Estate	BBAX +0.21 points	0.26%	0.05%
Swire Pacific Ltd Common	BBAX +0.18 points	0.21%	0.03%
Sino Land Co Ltd Common	BBAX +0.18 points	0.22%	0.04%
Henderson Land	BBAX +0.18 points	0.22%	0.04%
Qantas Airways Ltd	BBAX +0.17 points	0.21%	0.04%
Meridian Energy Ltd	BBAX +0.15 points	0.18%	0.03%
Swire Properties Ltd	BBAX +0.12 points	0.14%	0.02%
Wharf Holdings Ltd/The	BBAX +0.09 points	0.11%	0.02%
Budweiser Brewing Co	BBAX +0.05 points	0.06%	<0.01%
Swire Pacific Ltd Common	BBAX +0.04 points	0.06%	0.02%

All 92 BBAX holdings⁠All 2,384 VPL holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BBAX vs VPL Cost

Overpaying BBAX vs VPL

$2,472

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BBAX 0.19%
$3,952
VPL 0.07%
$1,480

Amount$10,000

Years30 years

Cost over time

BBAX 0.19%
VPL 0.07%
Overpaying

Year by year

Year	BBAX	VPL	Overpaying
10	$347	$128	$219
20	$1,351	$503	$848
30	$3,952	$1,480	$2,472

Expense ratio

0.19%BBAX
0.07%VPL, cheaper

VPL0.07%BBAX0.19%

0.07%0.72%

Middle half of Asia-Pacific Region funds
Median 0.19%

VPL cheapest of 7 funds

BBAX 3rd cheapest of 7 funds

BBAX vs VPL Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BBAX 3.75%, better; VPL 2.23%
Payout (12M): BBAX $2.36; VPL $2.42
Last payment: BBAX $0.79; VPL $2.42
Ex-dividend: BBAX Sep 22, 2026; VPL Dec 19, 2025
Paid on: BBAX Sep 24, 2026; VPL Dec 23, 2025
Frequency: BBAX Quarterly; VPL Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BBAXQuarterly · 33 paymentsAll BBAX payments⁠

VPLQuarterly · 36 paymentsAll VPL payments⁠

BBAX vs VPL Risk

Fall from peak · 5 years

BBAX
VPL

Risk facts

VolatilityStd dev, 3 years: BBAX 13.7%, betterVPL 16.2%
Return per unit of riskSharpe ratio, 3 years: BBAX 0.94VPL 1.06, better
Worst fallMax drawdown, 5 years: BBAX −23.2%, betterVPL −28.3%
Market sensitivityBeta, 5 years: BBAX 0.80VPL 1.10; Market = 1

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