BBJP vs DXJ: Grades, Fees and Holdings Compared

JPMorgan BetaBuilders Japan ETF

BBJPACboe

WisdomTree Japan Hedged Equity Fund

DXJBNYSE Arca

Overlap

65.7%by weight

Expense ratio

BBJP −0.29pt a year

BBJP0.19%DXJ0.48%

Avg volume · 30D

BBJP 1.6×the volume

BBJP1.32MDXJ814K

5Y return · a year

DXJ +17.0pt

BBJP+8.6%DXJ+25.6%

BBJP vs DXJ Performance

Nov 2, 2021 – Nov 2, 2026

+51.1%BBJP+213.0%DXJ

Expense ratio: BBJP 0.19%, better; DXJ 0.48%
Fund size: BBJP $18.7B; DXJ $7.05B
1Y total return: BBJP +14.9%; DXJ +30.6%, better
Yield (12M): BBJP 4.71%; DXJ No data
Holdings: BBJP 177; DXJ 490
Avg volume (30D): BBJP 1.32M sh, better; DXJ 814K sh
NAV per share: BBJP $75.10; DXJ $58.90
52W range

ETF.net Grade

Pillar letters and Scores for BBJP, DXJ, with each pillar’s weight
Pillar	BBJP	DXJ
Cost30% weight	A88Higher	B68
Mission25% weight	A100	Not scored
Risk15% weight	C42	B64Higher
Tradability15% weight	A87Higher	C53
Holdings10% weight	B59Higher	C48
Durability5% weight	A76	A80Higher

Rank among Japan funds

How we build Categories ›

Same Category. BBJP and DXJ are both graded against the same 18 Japan funds, so their Grades compare head to head.

Japan⁠

Category · 18 funds

See all 18 ›

BBJP ranks 2nd and DXJ 10th of 18 funds in the Japan Category.

Rank 1AFLJPFranklin FTSE Japan ETFScore 82
Rank 2ABBJPJPMorgan BetaBuilders Japan ETFScore 80
Rank 3AFLJHFranklin FTSE Japan Hedged ETFScore 75
Rank 9BDBJPXtrackers MSCI Japan Hedged Equity ETFScore 63
Rank 10BDXJWisdomTree Japan Hedged Equity FundScore 62
Rank 11BOPPJWisdomTree Japan Opportunities FundScore 57

Our read on each fund

ETF.net Research

BBJPAJPMorgan BetaBuilders Japan ETF

DXJBWisdomTree Japan Hedged Equity Fund

In short

BBJP Japan's whole board for 0.19% a year. JPMorgan's BetaBuilders fund holds roughly 170 large and mid-cap Japanese stocks and has grown into a multi-billion-dollar way to own Tokyo without paying legacy-tracker prices.

DXJ Japanese stocks with the yen taken out of the math. DXJ has run its hedged, dividend-screened index since 2006, pairing roughly 400 Japanese companies with a hedge against yen-dollar swings.

Stated mandate

BBJP The fund seeks to closely track, before fees and expenses, the performance of a Japan-focused equity index.

DXJ The fund seeks to track the WisdomTree Japan Hedged Equity Index, providing Japanese equity exposure while reducing the effect of yen-dollar currency movements.

Why people hold it

BBJP 0.19% a year, well under what the older iShares Japan trackers (EWJ at 0.49%, JPXN at 0.48%) charge for similar broad exposure.
Roughly 170 Japanese large and mid caps in one line item, tracking a Morningstar Japan index closely rather than making stock calls.
A multi-billion-dollar fund that trades actively, which tends to keep the cost of getting in and out modest.
Running since 2018 and one of the stronger implementations in the single-country Japan group.

DXJ The hedge is the point: the index aims to strip out yen-dollar moves, so returns track Japanese share prices rather than the currency.
Costs 0.48% a year, a shade under the median for single-country Japan funds.
About 400 holdings picked through a dividend screen rather than a straight market-cap list, with cash paid out quarterly.
A multi-billion-dollar fund and one of the easier names in its Japan peer group to move in and out of.

Worth knowing

BBJP One country, one market cycle. Japan-only equity means no cushion from anywhere else when Tokyo has a bad stretch.
Not the cheapest ticket to Japan: Franklin's FLJP runs 0.09%, and FLJH is the currency-hedged option in the same peer set.
Distributions land once or twice a year, not quarterly, so income arrives in lumps.

DXJ Hedging cuts both ways. If the yen strengthens against the dollar, you give up the lift an unhedged Japan fund would collect.
Cheaper hedged Japan exposure exists: FLJH runs at 0.09%.
The dividend screen means this won't mirror a standard Japan market-cap index, so sector and company weights sit differently.

Full BBJP profile⁠

Full DXJ profile⁠

BBJP vs DXJ Holdings

How BBJP and DXJ differ

Overlap by weight

65.7%

Shared holdings make up 82.3% of DXJ and 80.9% of BBJP.

Level by level

Holdings119 in both65.7%
Sector11 Sectors84.7%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in BBJP and DXJ, widest gap first
Sector	More in BBJPMore in DXJ	BBJP	DXJ
Technology	BBJP +7.5 points	20.9%	13.4%
Communication	BBJP +5.0 points	9.1%	4.1%
Materials	DXJ +4.4 points	3.1%	7.5%
Consumer Discretionary	DXJ +4.4 points	11.1%	15.5%
Financials	DXJ +2.1 points	19.2%	21.3%
Real Estate	BBJP +1.9 points	1.9%	0.0%
Consumer Staples	DXJ +1.4 points	3.6%	5.0%
Industrials	DXJ +1.3 points	24.0%	25.3%
Health Care	DXJ +1.0 points	5.2%	6.2%
Utilities	BBJP +0.9 points	1.0%	0.1%
Energy	DXJ +0.7 points	1.0%	1.6%

Country, concentration and asset class

Country by domicile

Country weights in BBJP and DXJ, widest gap first
Country	More in BBJPMore in DXJ	BBJP	DXJ
Japan	Same weight	100.0%	100.0%

Outside the US: BBJP 100% developed, 0% emerging. DXJ 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

BBJP29.2%
DXJ29.9%

Securities held

BBJP174
DXJ487

Asset class

BBJP: Equity
DXJ: Equity

Holdings

Only in BBJP55
In both119
Only in DXJ368

Only in BBJP

55 securities, 19.0% of BBJP by weight

Recruit Holdings Co Ltd2.94%
Kioxia Holdings Corp1.28%
Kddi Corp Common Stock0.97%
Softbank Corp Common0.79%
Japan Post Bank Co Ltd0.63%
Resona Holdings Inc0.57%
Mitsubishi Estate Co Ltd0.55%
Mitsui Fudosan Co Ltd0.52%
Kyocera Corp Common Stock0.50%
East Japan Railway Co0.48%
Oriental Land Co0.48%
Central Japan Railway Co0.45%
Japan Post Holdings Co0.44%
Aeon Co Ltd Common Stock0.39%
Sumitomo Realty &0.35%
Nippon Yusen Kk Common0.35%
Daiwa House Industry Co0.34%
Secom Co Ltd Common0.33%
Kansai Electric Power Co0.32%
Shionogi & Co Ltd Common0.31%
Nomura Research0.30%
Asahi Group Holdings Ltd0.28%
Daiwa Securities Group0.28%
T&D Holdings Inc Common0.28%
Tokyo Gas Co Ltd Common0.26%
Osaka Gas Co Ltd Common0.26%
Japan Exchange Group Inc0.26%
Sumitomo Metal Mining Co0.25%
Pan Pacific0.24%
Obic Co Ltd Common Stock0.23%
Chubu Electric Power Co0.22%
Yokohama Financial Group0.22%
Nidec Corp Common Stock0.21%
Taisei Corp Common Stock0.21%
Chiba Bank Ltd/The0.20%
West Japan Railway Co0.17%
Subaru Corp Common Stock0.17%
Nitori Holdings Co Ltd0.16%
Ly Corp Common Stock Jpy0.15%
Kawasaki Kisen Kaisha0.15%
Dai Nippon Printing Co0.14%
Hankyu Hanshin Holdings0.13%
Shimizu Corp Common0.13%
Mitsubishi Hc Capital0.13%
Hulic Co Ltd Common0.13%
Daito Trust Construction0.12%
Nippon Building Fund Inc0.12%
Toho Co Ltd/Tokyo Common0.11%
Japan Post Insurance Co0.11%
Otsuka Corp Common Stock0.11%

Only in DXJ

368 securities, 16.7% of DXJ by weight

Yokohama Rubber Co Ltd0.23%
Persol Holdings Co Ltd0.20%
Brother Industries Ltd0.19%
Nissan Chemical Corp0.19%
Toyo Seikan Group Ltd0.17%
Ono Pharmaceutical Co Ltd0.17%
Nippon Express Holdings Co Ltd0.16%
Ricoh Co Ltd0.16%
Sojitz Corp0.16%
NGK Insulators Ltd0.15%
Koei Tecmo Holdings Co Ltd0.15%
Ryohin Keikaku Co Ltd0.15%
Sanwa Holdings Corp0.15%
Mazda Motor Corp0.15%
Kobe Steel Ltd0.14%
Sekisui Chemical Co Ltd0.14%
Tosoh Corp0.14%
Trend Micro Inc0.13%
Oji Holdings Corp0.12%
Sysmex Corp0.12%
Toto Ltd0.12%
Mitsui Chemicals Inc0.12%
Yakult Honsha Co Ltd0.11%
Sumitomo Chemical Co Ltd0.11%
Misumi Group Inc0.11%
Toyoda Gosei Co Ltd0.11%
THK Co Ltd0.11%
Nippon Shokubai Co Ltd0.10%
Amada Holdings Co Ltd0.10%
Seiko Epson Corp0.10%
Lixil Corp0.10%
JTEKT Corp0.10%
Toyo Tire Co0.10%
Electric Power Development Co0.10%
Nissin Foods Holdings Co Ltd0.10%
Sanrio Co Ltd0.09%
Asahi Intecc Co Ltd0.09%
Citizen Watch Co Ltd0.09%
Zeon Corp0.09%
ADEKA Corp0.09%
Sumitomo Rubber Industries Ltd0.09%
Mitsubishi Gas Chemical Co Inc0.09%
Horiba Ltd0.09%
ABC-Mart Inc0.09%
Kansai Paint Co Ltd0.08%
Nisshin Seifun Group Inc0.08%
Kaneka Corp0.08%
Azbil Corp0.08%
Sapporo Holdings Ltd0.08%
Rinnai Corp0.08%

Weight gaps

The 100 widest of 119 Holdings in both funds.

Holding weights in BBJP and DXJ, widest gap first
Holding	More in BBJPMore in DXJ	BBJP	DXJ
Sony Group Corp Common	BBJP +1.96 points	2.80%	0.84%
Ntt Inc Common Stock Jpy	DXJ +1.62 points	0.56%	2.18%
Toyota Motor Corp Common	DXJ +1.36 points	3.71%	5.07%
Sumitomo Mitsui	DXJ +1.29 points	2.83%	4.12%
Japan Tobacco Inc Common	DXJ +1.19 points	0.97%	2.16%
Mitsubishi Heavy	BBJP +0.96 points	1.34%	0.38%
Keyence Corp Common Stock	BBJP +0.82 points	1.65%	0.83%
MS&AD Insurance Group	DXJ +0.81 points	0.78%	1.59%
Honda Motor Co Ltd Common	DXJ +0.66 points	0.83%	1.50%
Hitachi Ltd Common Stock	BBJP +0.62 points	2.63%	2.01%
Murata Manufacturing Co	BBJP +0.62 points	1.32%	0.70%
Orix Corp Common Stock	DXJ +0.62 points	0.75%	1.37%
Denso Corp Common Stock	DXJ +0.59 points	0.36%	0.95%
Chugai Pharmaceutical Co	DXJ +0.58 points	0.54%	1.12%
Mitsubishi Electric Corp	BBJP +0.56 points	1.11%	0.55%
Bridgestone Corp Common	DXJ +0.56 points	0.51%	1.07%
Panasonic Holdings Corp	BBJP +0.53 points	0.97%	0.44%
Astellas Pharma Inc	DXJ +0.52 points	0.55%	1.07%
Hoya Corp Common Stock	BBJP +0.52 points	0.98%	0.46%
Canon Inc Common Stock	DXJ +0.50 points	0.47%	0.97%
Tokyo Electron Ltd Common	DXJ +0.47 points	2.56%	3.03%
Takeda Pharmaceutical Co	DXJ +0.46 points	1.26%	1.72%
Nec Corp Common Stock	BBJP +0.46 points	0.72%	0.26%
Fujikura Ltd Common	BBJP +0.45 points	0.76%	0.31%
Shin-Etsu Chemical Co	BBJP +0.39 points	1.29%	0.90%
Advantest Corp Common	BBJP +0.39 points	2.99%	2.60%
Sompo Holdings Inc Common	DXJ +0.39 points	0.75%	1.14%
Fast Retailing Co Ltd	BBJP +0.37 points	1.69%	1.32%
Disco Corp Common Stock	BBJP +0.33 points	0.53%	0.20%
Ibiden Co Ltd Common	BBJP +0.31 points	0.48%	0.17%
Fujitsu Ltd Common Stock	BBJP +0.31 points	0.73%	0.42%
Tdk Corp Common Stock Jpy	BBJP +0.31 points	0.56%	0.25%
Ajinomoto Co Inc Common	BBJP +0.30 points	0.58%	0.28%
Daiichi Life Group Inc	DXJ +0.30 points	0.76%	1.06%
Softbank Group Corp	DXJ +0.29 points	1.84%	2.13%
Nintendo Co Ltd Common	DXJ +0.29 points	1.12%	1.41%
Tokio Marine Holdings	DXJ +0.29 points	1.95%	2.24%
Asics Corp Common Stock	BBJP +0.28 points	0.41%	0.13%
Lasertec Corp Common	BBJP +0.27 points	0.39%	0.12%
Eneos Holdings Inc Common	DXJ +0.26 points	0.45%	0.71%
Itochu Corp Common Stock	BBJP +0.26 points	1.90%	1.64%
Sumitomo Mitsui Trust	DXJ +0.25 points	0.54%	0.79%
Inpex Corp Common Stock	DXJ +0.25 points	0.42%	0.67%
Daikin Industries Ltd	BBJP +0.25 points	0.69%	0.44%
Otsuka Holdings Co Ltd	BBJP +0.24 points	0.66%	0.42%
Mizuho Financial Group	BBJP +0.22 points	2.18%	1.96%
Resonac Holdings Corp	BBJP +0.21 points	0.29%	0.08%
Ihi Corp Common Stock	BBJP +0.20 points	0.29%	0.09%
Terumo Corp Common Stock	BBJP +0.19 points	0.42%	0.23%
Smc Corp	BBJP +0.20 points	0.42%	0.22%
Mitsubishi Ufj Financial	BBJP +0.18 points	4.51%	4.33%
Sekisui House Ltd Common	DXJ +0.18 points	0.26%	0.44%
Nomura Holdings Inc	DXJ +0.17 points	0.52%	0.69%
Nippon Steel Corp Common	DXJ +0.16 points	0.41%	0.57%
Mitsui & Co Ltd Common	DXJ +0.17 points	1.48%	1.65%
Fanuc Corp Common Stock	BBJP +0.15 points	0.59%	0.44%
Japan Airlines Co Ltd	DXJ +0.14 points	0.05%	0.19%
Mitsubishi Corp Common	BBJP +0.14 points	2.09%	1.95%
Idemitsu Kosan Co Ltd	DXJ +0.14 points	0.15%	0.29%
Daiichi Sankyo Co Ltd	DXJ +0.14 points	0.60%	0.74%
Nexon Co Ltd Common Stock	DXJ +0.12 points	0.10%	0.22%
Kubota Corp Common Stock	BBJP +0.12 points	0.35%	0.23%
Furukawa Electric Co Ltd	BBJP +0.12 points	0.22%	0.10%
Kirin Holdings Co Ltd	DXJ +0.13 points	0.28%	0.41%
Isuzu Motors Ltd Common	DXJ +0.12 points	0.13%	0.25%
Kao Corp Common Stock	DXJ +0.12 points	0.40%	0.52%
Hitachi Construction	DXJ +0.12 points	0.05%	0.17%
Kajima Corp Common Stock	DXJ +0.11 points	0.25%	0.36%
Screen Holdings Co Ltd	BBJP +0.10 points	0.20%	0.10%
Kyowa Kirin Co Ltd Common	DXJ +0.11 points	0.07%	0.18%
Makita Corp Common Stock	DXJ +0.11 points	0.14%	0.25%
Suntory Beverage & Food	DXJ +0.10 points	0.07%	0.17%
Jfe Holdings Inc Common	DXJ +0.10 points	0.13%	0.23%
Sbi Holdings Inc Common	DXJ +0.10 points	0.20%	0.30%
Marubeni Corp Common	BBJP +0.10 points	0.94%	0.84%
Daifuku Co Ltd Common	BBJP +0.09 points	0.22%	0.13%
Ebara Corp Common Stock	BBJP +0.09 points	0.20%	0.11%
Aisin Corp Common Stock	DXJ +0.10 points	0.13%	0.23%
Konami Group Corp Common	BBJP +0.09 points	0.28%	0.19%
Bandai Namco Holdings Inc	BBJP +0.09 points	0.45%	0.36%
Jx Advanced Metals Corp	BBJP +0.08 points	0.19%	0.11%
Kawasaki Heavy	BBJP +0.09 points	0.22%	0.13%
Fujifilm Holdings Corp	BBJP +0.08 points	0.48%	0.40%
Olympus Corp Common	BBJP +0.08 points	0.23%	0.15%
Toppan Holdings Inc	BBJP +0.08 points	0.14%	0.06%
Zensho Holdings Co Ltd	BBJP +0.08 points	0.14%	0.06%
Sumitomo Corp Common	BBJP +0.08 points	0.93%	0.85%
Nitto Denko Corp Common	BBJP +0.07 points	0.26%	0.19%
Niterra Co Ltd Common	DXJ +0.07 points	0.17%	0.24%
Toray Industries Inc	BBJP +0.07 points	0.20%	0.13%
Eisai Co Ltd Common	DXJ +0.06 points	0.16%	0.22%
Seven & I Holdings Co	DXJ +0.06 points	0.54%	0.60%
Mitsui Osk Lines Ltd	DXJ +0.06 points	0.29%	0.35%
Minebea Mitsumi Inc	BBJP +0.06 points	0.14%	0.08%
Mitsui Kinzoku Co Ltd	BBJP +0.05 points	0.13%	0.08%
Shimadzu Corp Common	BBJP +0.05 points	0.15%	0.10%
Unicharm Corp Common	DXJ +0.05 points	0.13%	0.18%
Yamaha Motor Co Ltd	DXJ +0.05 points	0.20%	0.25%
Agc Inc Common Stock Jpy	DXJ +0.05 points	0.14%	0.19%
Kikkoman Corp Common	BBJP +0.05 points	0.18%	0.13%

All 174 BBJP holdings⁠All 441 DXJ 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.

BBJP vs DXJ Cost

Overpaying DXJ vs BBJP

$5,653

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

BBJP 0.19%
$3,952
DXJ 0.48%
$9,605

Amount$10,000

Years30 years

Cost over time

BBJP 0.19%
DXJ 0.48%
Overpaying

Year by year

Year	BBJP	DXJ	Overpaying
10	$347	$865	$518
20	$1,351	$3,328	$1,977
30	$3,952	$9,605	$5,653

Expense ratio

0.19%BBJP, cheaper
0.48%DXJ

BBJP0.19%DXJ0.48%

0.09%1.92%

Middle half of Japan funds
Median 0.54%

BBJP 3rd cheapest of 18 funds

DXJ 6th cheapest of 18 funds

BBJP vs DXJ Dividends

Last 12 months to Nov 2, 2026

Yield (12M): BBJP 4.71%; DXJ No data
Payout (12M): BBJP $3.54; DXJ No data
Last payment: BBJP $3.54; DXJ $0.03
Ex-dividend: BBJP Dec 23, 2025; DXJ Sep 25, 2026
Paid on: BBJP Dec 26, 2025; DXJ Sep 29, 2026
Frequency: BBJP Annual; DXJ Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BBJPAnnual · 8 paymentsAll BBJP payments⁠

DXJQuarterly · 26 paymentsAll DXJ payments⁠

BBJP vs DXJ Risk

Fall from peak · 5 years

BBJP
DXJ

Risk facts

VolatilityStd dev, 3 years: BBJP 12.5%DXJ 12.4%, better
Return per unit of riskSharpe ratio, 3 years: BBJP 1.14DXJ 1.71, better
Worst fallMax drawdown, 5 years: BBJP −29.1%DXJ −22.2%, better
Market sensitivityBeta, 5 years: BBJP 0.82DXJ 0.48; Market = 1

BBJP and DXJ in the news

All news⁠

News
Japan wholesale prices rise 7.6%, confirming a Bank of Japan hike already priced for next week
Sep 11, 2026BBJPDXJ
Deep Dive
Hedged Japan funds rose 0.7% as the yen fell; VGK dropped 1.8%
Sep 20, 2026DXJ
Deep Dive
Unhedged Japan funds rose 0.3% on the yen; VGK fell 1.9% after the ECB hike
Sep 13, 2026DXJ
Deep Dive
Unhedged Japan rose 2.5% on the yen; Europe funds slipped
Sep 5, 2026DXJ

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BBJP vs DXJ

In short

Stated mandate

Why people hold it