BBJP vs EWJ: Grades, Fees and Holdings Compared

JPMorgan BetaBuilders Japan ETF

BBJPACboe

iShares MSCI Japan ETF

EWJANYSE Arca

Overlap

96.1%by weight

Expense ratio

BBJP −0.30pt a year

BBJP0.19%EWJ0.49%

Avg volume · 30D

EWJ 3.1×the volume

BBJP1.32MEWJ4.1M

5Y return · a year

BBJP+8.9%EWJ+8.9%

BBJP vs EWJ Performance

Oct 29, 2021 – Oct 30, 2026

+53.1%BBJP+53.1%EWJ

Expense ratio: BBJP 0.19%, better; EWJ 0.49%
Fund size: BBJP $18.7B; EWJ $23.4B
1Y total return: BBJP +14.9%; EWJ +16.2%, better
Yield (12M): BBJP 4.71%, better; EWJ 3.83%
Holdings: BBJP 177; EWJ 171
Avg volume (30D): BBJP 1.32M sh; EWJ 4.1M sh, better
NAV per share: BBJP $75.10; EWJ $92.91
52W range

ETF.net Grade

Pillar letters and Scores for BBJP, EWJ, with each pillar’s weight
Pillar	BBJP	EWJ
Cost30% weight	A88Higher	B56
Mission25% weight	A100	A100
Risk15% weight	C41	C41
Tradability15% weight	A87	A95Higher
Holdings10% weight	B59Higher	C52
Durability5% weight	A76	A90Higher

Rank among Japan funds

How we build Categories ›

Same Category. BBJP and EWJ 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 EWJ 6th 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 5AJPXNiShares JPX-Nikkei 400 ETFScore 74
Rank 6AEWJiShares MSCI Japan ETFScore 71
Rank 7BGSJYGoldman Sachs ActiveBeta Japan Equity ETFScore 68

Our read on each fund

ETF.net Research

BBJPAJPMorgan BetaBuilders Japan ETF

EWJAiShares MSCI Japan ETF

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.

EWJ The 1996 original. iShares' Japan fund was the default way to own Tokyo's biggest names before most of its rivals existed, and it still trades like it: roughly 170 large and mid-cap stocks, yen exposure unhedged.

Stated mandate

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

EWJ The fund seeks to track an index of Japanese equities, providing targeted exposure to companies in Japan.

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.

EWJ Launched in 1996 and still one of the most heavily traded funds in the Japan category, which generally means tight spreads and room to trade size.
Tracks the MSCI Japan Index closely, holding roughly 170 large and mid-cap Japanese companies.
A multi-billion-dollar iShares fund: the kind of scale and sponsorship that keeps a product well supported.

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.

EWJ Cheaper Japan beta exists. FLJP charges 0.09% and BBJP 0.19% against this fund's 0.49%. The extra fee buys the liquidity and the long record.
No currency hedge here, so yen moves against the dollar flow straight into the return, up or down. Hedged Japan funds such as FLJH take the other approach.
One country, roughly 170 names, and cash comes back only once or twice a year rather than quarterly.

Full BBJP profile⁠

Full EWJ profile⁠

BBJP vs EWJ Holdings

How BBJP and EWJ differ

Overlap by weight

96.1%

Shared holdings make up 98.9% of BBJP and 98.5% of EWJ.

Level by level

Sector11 Sectors94.3%
Holdings164 in both96.1%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in BBJP and EWJ, widest gap first
Sector	More in BBJPMore in EWJ	BBJP	EWJ
Consumer Discretionary	EWJ +4.0 points	11.1%	15.1%
Technology	BBJP +2.6 points	20.9%	18.3%
Communication	BBJP +2.6 points	9.1%	6.5%
Materials	EWJ +0.6 points	3.1%	3.7%
Health Care	EWJ +0.5 points	5.2%	5.7%
Financials	BBJP +0.3 points	19.2%	18.9%
Industrials	EWJ +0.2 points	24.0%	24.2%
Consumer Staples	EWJ +0.2 points	3.6%	3.8%
Energy	Same weight	1.0%	1.0%
Real Estate	BBJP +0.1 points	1.9%	1.8%
Utilities	Same weight	1.0%	1.0%

Country, concentration and asset class

Country by domicile

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

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

Concentration

Weight in the 10 largest Holdings

BBJP29.3%
EWJ29.7%

Securities held

BBJP174
EWJ168

Asset class

BBJP: Equity
EWJ: Equity

Holdings

Only in BBJP10
In both164
Only in EWJ4

Only in BBJP

10 securities, 0.9% of BBJP by weight

Niterra Co Ltd Common0.16%
Shimadzu Corp Common0.15%
Jfe Holdings Inc Common0.13%
Toyo Suisan Kaisha Ltd0.12%
Yaskawa Electric Corp0.12%
M3 Inc Common Stock Jpy0.10%
Hitachi Construction0.05%
Japan Airlines Co Ltd0.05%
Oracle Corp Japan Common0.04%
Crasus Chemical Inc<0.01%

Only in EWJ

4 securities, 0.6% of EWJ by weight

Ryohin Keikaku0.30%
Kokusai Electric0.19%
Sanrio0.15%
Jpy/Usd0.00%

Weight gaps

The 100 widest of 164 Holdings in both funds.

Holding weights in BBJP and EWJ, widest gap first
Holding	More in BBJPMore in EWJ	BBJP	EWJ
Kioxia Holdings Corp	EWJ +0.45 points	1.45%	1.90%
Itochu Corp Common Stock	BBJP +0.33 points	1.92%	1.59%
Mitsubishi Corp Common	BBJP +0.25 points	2.06%	1.81%
Advantest Corp Common	EWJ +0.24 points	2.90%	3.14%
Softbank Group Corp	EWJ +0.16 points	1.88%	2.04%
Marubeni Corp Common	BBJP +0.12 points	0.95%	0.83%
Toyota Motor Corp Common	BBJP +0.11 points	3.69%	3.58%
Tokyo Electron Ltd	EWJ +0.11 points	2.49%	2.60%
Sumitomo Realty &	BBJP +0.11 points	0.35%	0.24%
Hitachi Ltd Common Stock	EWJ +0.10 points	2.67%	2.77%
Keyence Corp Common	EWJ +0.09 points	1.71%	1.80%
Sumitomo Corp Common	BBJP +0.10 points	0.94%	0.84%
Ntt Inc Common Stock Jpy	EWJ +0.09 points	0.55%	0.64%
Shin-Etsu Chemical Co	BBJP +0.09 points	1.29%	1.20%
Central Japan Railway Co	BBJP +0.08 points	0.45%	0.36%
Fanuc Corp Common Stock	EWJ +0.07 points	0.58%	0.65%
Aeon Co Ltd Common Stock	BBJP +0.07 points	0.39%	0.32%
Sony Group Corp Common	EWJ +0.07 points	2.76%	2.83%
Takeda Pharmaceutical Co	EWJ +0.06 points	1.25%	1.31%
Bandai Namco Holdings Inc	BBJP +0.07 points	0.45%	0.38%
Pan Pacific	BBJP +0.06 points	0.23%	0.17%
Renesas Electronics Corp	EWJ +0.05 points	0.56%	0.61%
Kubota Corp Common Stock	BBJP +0.06 points	0.35%	0.29%
Hoya Corp Common Stock	EWJ +0.06 points	1.02%	1.08%
Otsuka Holdings Co Ltd	BBJP +0.05 points	0.67%	0.62%
Softbank Corp Common	EWJ +0.05 points	0.78%	0.83%
East Japan Railway Co	BBJP +0.05 points	0.48%	0.43%
Panasonic Holdings Corp	EWJ +0.05 points	0.97%	1.02%
Kddi Corp Common Stock	EWJ +0.05 points	0.96%	1.01%
Sumitomo Mitsui	EWJ +0.05 points	2.84%	2.89%
Mitsubishi Estate Co Ltd	BBJP +0.04 points	0.54%	0.50%
Mitsui & Co Ltd Common	BBJP +0.05 points	1.50%	1.45%
Suzuki Motor Corp Common	BBJP +0.05 points	0.45%	0.40%
Seven & I Holdings Co	BBJP +0.04 points	0.53%	0.49%
Daikin Industries Ltd	BBJP +0.03 points	0.68%	0.65%
Murata Manufacturing Co	BBJP +0.04 points	1.30%	1.26%
Orix Corp Common Stock	EWJ +0.04 points	0.75%	0.79%
Japan Post Bank Co Ltd	EWJ +0.04 points	0.63%	0.67%
Konami Group Corp Common	EWJ +0.04 points	0.28%	0.32%
Screen Holdings Co Ltd	BBJP +0.04 points	0.25%	0.21%
Chiba Bank Ltd/The	BBJP +0.03 points	0.20%	0.17%
Ajinomoto Co Inc Common	BBJP +0.03 points	0.57%	0.54%
Chugai Pharmaceutical Co	EWJ +0.03 points	0.53%	0.56%
Japan Tobacco Inc Common	EWJ +0.03 points	0.95%	0.98%
Toyota Tsusho Corp	BBJP +0.03 points	0.56%	0.53%
Lasertec Corp Common	EWJ +0.03 points	0.33%	0.36%
Nomura Holdings Inc	EWJ +0.03 points	0.51%	0.54%
Sompo Holdings Inc Common	BBJP +0.03 points	0.74%	0.71%
Nidec Corp Common Stock	BBJP +0.02 points	0.21%	0.19%
Sumitomo Mitsui Trust	BBJP +0.03 points	0.54%	0.51%
Mizuho Financial Group	EWJ +0.03 points	2.18%	2.21%
Bridgestone Corp Common	EWJ +0.02 points	0.50%	0.52%
Terumo Corp Common Stock	BBJP +0.02 points	0.42%	0.40%
Kikkoman Corp Common	BBJP +0.02 points	0.17%	0.15%
Toppan Holdings Inc	BBJP +0.02 points	0.14%	0.12%
Honda Motor Co Ltd	BBJP +0.02 points	0.82%	0.80%
Kawasaki Heavy	BBJP +0.03 points	0.22%	0.19%
Kao Corp Common Stock	EWJ +0.02 points	0.40%	0.42%
Mitsui Osk Lines Ltd	EWJ +0.02 points	0.30%	0.32%
Tokio Marine Holdings	BBJP +0.02 points	1.93%	1.91%
Shiseido Co Ltd Common	EWJ +0.02 points	0.17%	0.19%
Fast Retailing Co Ltd	EWJ +0.02 points	1.67%	1.69%
Osaka Gas Co Ltd Common	BBJP +0.02 points	0.26%	0.24%
Shionogi & Co Ltd Common	BBJP +0.02 points	0.30%	0.28%
Kyocera Corp Common	BBJP +0.02 points	0.52%	0.49%
Idemitsu Kosan Co Ltd	BBJP +0.02 points	0.16%	0.14%
Kajima Corp Common Stock	BBJP +0.02 points	0.25%	0.23%
Hulic Co Ltd Common	BBJP +0.02 points	0.12%	0.10%
Tokyo Gas Co Ltd Common	BBJP +0.02 points	0.26%	0.24%
Nomura Research	BBJP +0.02 points	0.30%	0.28%
Fujikura Ltd Common	BBJP +0.02 points	0.75%	0.73%
Nintendo Co Ltd Common	BBJP +0.02 points	1.13%	1.11%
Denso Corp Common Stock	EWJ +0.02 points	0.35%	0.37%
Yokohama Financial Group	BBJP +0.02 points	0.22%	0.20%
Dai Nippon Printing Co	BBJP +0.01 points	0.14%	0.13%
Daiwa House Industry Co	BBJP +0.01 points	0.33%	0.32%
Sumitomo Electric	BBJP +0.02 points	0.64%	0.62%
Chubu Electric Power Co	BBJP +0.01 points	0.22%	0.21%
Mitsubishi Electric Corp	EWJ +0.01 points	1.07%	1.08%
Obic Co Ltd Common Stock	EWJ +0.01 points	0.23%	0.24%
Aisin Corp Common Stock	BBJP +0.01 points	0.13%	0.12%
Recruit Holdings Co Ltd	BBJP +0.01 points	3.14%	3.13%
Inpex Corp Common Stock	EWJ +0.01 points	0.43%	0.44%
Komatsu Ltd Common Stock	EWJ +0.01 points	0.64%	0.65%
Japan Post Holdings Co	EWJ +0.02 points	0.44%	0.46%
Daifuku Co Ltd Common	BBJP +0.02 points	0.22%	0.20%
Mitsubishi Hc Capital	EWJ +0.01 points	0.13%	0.14%
Mitsui Fudosan Co Ltd	BBJP +0.01 points	0.50%	0.49%
T&D Holdings Inc Common	BBJP +0.02 points	0.28%	0.26%
Daiwa Securities Group	BBJP +0.02 points	0.28%	0.26%
Tdk Corp Common Stock	EWJ +0.01 points	0.59%	0.60%
Kansai Electric Power Co	BBJP +0.02 points	0.32%	0.30%
Asahi Kasei Corp Common	BBJP +0.02 points	0.26%	0.24%
Ebara Corp Common Stock	EWJ +0.01 points	0.20%	0.21%
Mitsubishi Chemical	BBJP +0.02 points	0.19%	0.17%
Asahi Group Holdings Ltd	EWJ +0.02 points	0.27%	0.29%
Sbi Holdings Inc Common	BBJP +0.01 points	0.20%	0.19%
Nippon Yusen Kk Common	BBJP +0.01 points	0.36%	0.35%
Nexon Co Ltd Common Stock	EWJ +0.01 points	0.10%	0.11%
Oriental Land Co	BBJP +0.01 points	0.47%	0.46%

All 174 BBJP holdings⁠All 167 EWJ 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 EWJ Cost

Overpaying EWJ vs BBJP

$5,840

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

BBJP 0.19%
$3,952
EWJ 0.49%
$9,792

Amount$10,000

Years30 years

Cost over time

BBJP 0.19%
EWJ 0.49%
Overpaying

Year by year

Year	BBJP	EWJ	Overpaying
10	$347	$883	$536
20	$1,351	$3,394	$2,043
30	$3,952	$9,792	$5,840

Expense ratio

0.19%BBJP, cheaper
0.49%EWJ

BBJP0.19%EWJ0.49%

0.09%1.92%

Middle half of Japan funds
Median 0.54%

BBJP 3rd cheapest of 18 funds

EWJ 8th cheapest of 18 funds

BBJP vs EWJ Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BBJP 4.71%, better; EWJ 3.83%
Payout (12M): BBJP $3.54; EWJ $3.56
Last payment: BBJP $3.54; EWJ $0.50
Ex-dividend: BBJP Dec 23, 2025; EWJ Jun 15, 2026
Paid on: BBJP Dec 26, 2025; EWJ Jun 18, 2026
Frequency: BBJP Annual; EWJ Annual

Distribution history

Per share, 2017 to 2026, same scale for both

BBJPAnnual · 8 paymentsAll BBJP payments⁠

EWJAnnual · 19 paymentsAll EWJ payments⁠

BBJP vs EWJ Risk

Fall from peak · 5 years

BBJP
EWJ

Risk facts

VolatilityStd dev, 3 years: BBJP 12.5%, betterEWJ 12.6%
Return per unit of riskSharpe ratio, 3 years: BBJP 1.14EWJ 1.15, better
Worst fallMax drawdown, 5 years: BBJP −29.1%, betterEWJ −29.6%
Market sensitivityBeta, 5 years: BBJP 0.82EWJ 0.83; Market = 1

BBJP and EWJ 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, 2026BBJPEWJ
Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Oct 9, 2026EWJ
New ETFs
First Trust's new ETF buffers the contracts, not the shares
Oct 8, 2026EWJ
News
SoftBank launches $10 billion of bonds to pay OpenAI
Sep 21, 2026EWJ
Deep Dive
Hedged Japan funds rose 0.7% as the yen fell; VGK dropped 1.8%
Sep 20, 2026EWJ
New ETFs
BMO's 3x Japan notes restore a multiple Direxion shut in 2020
Sep 18, 2026EWJ

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BBJP vs EWJ

In short

Stated mandate

Why people hold it