BBJP vs GSJY: Grades, Fees and Holdings Compared

JPMorgan BetaBuilders Japan ETF

BBJPACboe

Goldman Sachs ActiveBeta Japan Equity ETF

GSJYBNYSE Arca

Overlap

81.2%by weight

Expense ratio

BBJP −0.06pt a year

BBJP0.19%GSJY0.25%

Avg volume · 30D

BBJP 183.5×the volume

BBJP1.32MGSJY7.19K

5Y return · a year

GSJY +0.3pt

BBJP+8.9%GSJY+9.2%

BBJP vs GSJY Performance

Oct 29, 2021 – Oct 30, 2026

+53.1%BBJP+55.5%GSJY

Expense ratio: BBJP 0.19%, better; GSJY 0.25%
Fund size: BBJP $18.7B; GSJY $98M
1Y total return: BBJP +14.9%; GSJY +15.9%, better
Yield (12M): BBJP 4.71%, better; GSJY 2.02%
Holdings: BBJP 177; GSJY 162
Avg volume (30D): BBJP 1.32M sh, better; GSJY 7.19K sh
NAV per share: BBJP $75.10; GSJY $54.26
52W range

ETF.net Grade

Pillar letters and Scores for BBJP, GSJY, with each pillar’s weight
Pillar	BBJP	GSJY
Cost30% weight	A88Higher	A82
Mission25% weight	A100	A100
Risk15% weight	C41	C43Higher
Tradability15% weight	A87Higher	F20
Holdings10% weight	B59	B64Higher
Durability5% weight	A76Higher	C54

Rank among Japan funds

How we build Categories ›

Same Category. BBJP and GSJY 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 GSJY 7th 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 6AEWJiShares MSCI Japan ETFScore 71
Rank 7BGSJYGoldman Sachs ActiveBeta Japan Equity ETFScore 68
Rank 8BDFJWisdomTree Japan SmallCap Dividend FundScore 66

Our read on each fund

ETF.net Research

BBJPAJPMorgan BetaBuilders Japan ETF

GSJYBGoldman Sachs ActiveBeta Japan Equity 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.

GSJY Most Japan ETFs just buy the market. GSJY runs Goldman's ActiveBeta screen instead, tilting a basket of roughly 220 Japanese stocks toward value, momentum, quality and low volatility for a quarter-percent fee.

Stated mandate

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

GSJY The fund seeks investment results that closely correspond, before fees and expenses, to the Goldman Sachs ActiveBeta Japan Equity Index.

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.

GSJY Four factor tilts (value, momentum, quality, low volatility) in one ticker, in a corner of the market where nearly everything else is plain cap-weighted Japan.
0.25% a year, half the typical fee in the Japan group. Multi-factor strategies usually cost more than the index funds they sit beside, not less.
It hugs the Goldman Sachs ActiveBeta Japan Equity Index it names, with holdings that match the stated mandate. For a rules-based fund, that is the entire job.
Live since 2016, so the recipe has run through real Japanese market weather rather than a backtest, and it stands in the upper half of its Japan peer group.

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.

GSJY Straight Japan exposure comes cheaper elsewhere: FLJP at 0.09% and BBJP at 0.19%. The gap is what the factor tilts cost you.
A smaller, lightly traded fund next to the category's giants, so the spread can matter as much as the expense ratio on the way in and out.
Those tilts cut both ways: the fund can look meaningfully different from a standard Japan index. Cash comes back once or twice a year, not quarterly.

Full BBJP profile⁠

Full GSJY profile⁠

BBJP vs GSJY Holdings

How BBJP and GSJY differ

Overlap by weight

81.2%

Shared holdings make up 98.2% of GSJY and 97.1% of BBJP.

Level by level

Holdings155 in both81.2%
Sector11 Sectors94.1%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in BBJP and GSJY, widest gap first
Sector	More in BBJPMore in GSJY	BBJP	GSJY
Energy	GSJY +2.3 points	1.0%	3.3%
Communication	BBJP +2.2 points	9.1%	6.9%
Financials	GSJY +1.9 points	19.2%	21.1%
Industrials	BBJP +1.9 points	24.0%	22.1%
Real Estate	BBJP +1.1 points	1.9%	0.8%
Health Care	BBJP +0.6 points	5.2%	4.6%
Utilities	GSJY +0.5 points	1.0%	1.5%
Consumer Discretionary	GSJY +0.5 points	11.1%	11.6%
Technology	GSJY +0.4 points	20.9%	21.3%
Consumer Staples	GSJY +0.3 points	3.6%	3.9%
Materials	Same weight	3.1%	3.1%

Country, concentration and asset class

Country by domicile

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

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

Concentration

Weight in the 10 largest Holdings

BBJP29.3%
GSJY28.5%

Securities held

BBJP174
GSJY160

Asset class

BBJP: Equity
GSJY: Equity

Holdings

Only in BBJP19
In both155
Only in GSJY5

Only in BBJP

19 securities, 2.8% of BBJP by weight

Mitsui Fudosan Co Ltd0.50%
Oriental Land Co0.47%
Obic Co Ltd Common Stock0.23%
Nitori Holdings Co Ltd0.16%
Niterra Co Ltd Common0.16%
Shimadzu Corp Common0.15%
Toppan Holdings Inc0.14%
Jfe Holdings Inc Common0.13%
Nippon Sanso Holdings0.13%
Toyo Suisan Kaisha Ltd0.12%
Yaskawa Electric Corp0.12%
Toho Co Ltd/Tokyo Common0.11%
Nexon Co Ltd Common Stock0.10%
M3 Inc Common Stock Jpy0.10%
Nissan Motor Co Ltd0.07%
Hitachi Construction0.05%
Japan Airlines Co Ltd0.05%
Oracle Corp Japan Common0.04%
Crasus Chemical Inc<0.01%

Only in GSJY

5 securities, 1.8% of GSJY by weight

Oska/Topix 12/20260.86%
Ryohin Keikaku Co., Ltd.0.50%
Sanrio Co Ltd0.36%
Kokusai Electric0.07%
Crasus Chemical Inc.<0.01%

Weight gaps

The 100 widest of 155 Holdings in both funds.

Holding weights in BBJP and GSJY, widest gap first
Holding	More in BBJPMore in GSJY	BBJP	GSJY
Idemitsu Kosan Co Ltd	GSJY +1.28 points	0.16%	1.44%
Advantest Corp Common	GSJY +1.11 points	2.90%	4.01%
Mitsubishi Chemical	GSJY +1.06 points	0.19%	1.25%
Eneos Holdings Inc Common	GSJY +1.01 points	0.45%	1.46%
Ana Holdings Inc Common	GSJY +0.94 points	0.05%	0.99%
Japan Post Insurance Co	GSJY +0.93 points	0.11%	1.04%
Toyota Motor Corp Common	BBJP +0.77 points	3.69%	2.92%
Nintendo Co Ltd Common	BBJP +0.73 points	1.13%	0.40%
Sbi Holdings Inc Common	GSJY +0.62 points	0.20%	0.82%
Itochu Corp Common Stock	BBJP +0.58 points	1.92%	1.34%
Shin-Etsu Chemical Co	BBJP +0.57 points	1.29%	0.72%
Kddi Corp Common Stock	BBJP +0.57 points	0.96%	0.39%
Tokyo Gas Co Ltd Common	GSJY +0.53 points	0.26%	0.79%
Toyota Tsusho Corp	GSJY +0.49 points	0.56%	1.05%
Aisin Corp Common Stock	GSJY +0.48 points	0.13%	0.61%
Mitsubishi Hc Capital	GSJY +0.46 points	0.13%	0.59%
Mitsubishi Estate Co Ltd	BBJP +0.41 points	0.54%	0.13%
Ly Corp Common Stock Jpy	GSJY +0.41 points	0.15%	0.56%
Suntory Beverage & Food	GSJY +0.39 points	0.07%	0.46%
East Japan Railway Co	BBJP +0.38 points	0.48%	0.10%
Terumo Corp Common Stock	BBJP +0.38 points	0.42%	0.04%
Lasertec Corp Common	GSJY +0.38 points	0.33%	0.71%
Sompo Holdings Inc Common	GSJY +0.35 points	0.74%	1.09%
Keyence Corp Common	BBJP +0.34 points	1.71%	1.37%
Nomura Holdings Inc	GSJY +0.33 points	0.51%	0.84%
Honda Motor Co Ltd	BBJP +0.33 points	0.82%	0.49%
Sumitomo Realty &	BBJP +0.33 points	0.35%	0.02%
Suzuki Motor Corp Common	GSJY +0.33 points	0.45%	0.78%
Yokogawa Electric Corp	GSJY +0.32 points	0.13%	0.45%
Fast Retailing Co Ltd	BBJP +0.32 points	1.67%	1.35%
Sony Group Corp Common	BBJP +0.30 points	2.76%	2.46%
Tokio Marine Holdings	BBJP +0.30 points	1.93%	1.63%
Resona Holdings Inc	BBJP +0.30 points	0.57%	0.27%
Daikin Industries Ltd	BBJP +0.29 points	0.68%	0.39%
Denso Corp Common Stock	BBJP +0.29 points	0.35%	0.06%
Mitsui & Co Ltd Common	BBJP +0.29 points	1.50%	1.21%
Tokyo Electron Ltd	GSJY +0.29 points	2.49%	2.78%
Zensho Holdings Co Ltd	GSJY +0.30 points	0.14%	0.44%
Ajinomoto Co Inc Common	BBJP +0.29 points	0.57%	0.28%
Sumitomo Mitsui	BBJP +0.29 points	2.84%	2.55%
Softbank Group Corp	BBJP +0.29 points	1.88%	1.59%
Daiichi Sankyo Co Ltd	BBJP +0.28 points	0.57%	0.29%
Smc Corp	BBJP +0.28 points	0.41%	0.13%
Mitsubishi Corp Common	BBJP +0.27 points	2.06%	1.79%
Kubota Corp Common Stock	GSJY +0.27 points	0.35%	0.62%
Mitsui Osk Lines Ltd	BBJP +0.28 points	0.30%	0.02%
Central Japan Railway Co	BBJP +0.28 points	0.45%	0.17%
Kioxia Holdings Corp	BBJP +0.26 points	1.45%	1.19%
Sumitomo Electric	GSJY +0.26 points	0.64%	0.90%
Otsuka Corp Common Stock	GSJY +0.26 points	0.12%	0.38%
Shiseido Co Ltd Common	GSJY +0.25 points	0.17%	0.42%
Sekisui House Ltd Common	GSJY +0.25 points	0.26%	0.51%
Fujifilm Holdings Corp	BBJP +0.25 points	0.48%	0.23%
Japan Post Bank Co Ltd	BBJP +0.25 points	0.63%	0.38%
Mitsubishi Ufj Financial	BBJP +0.25 points	4.52%	4.27%
Chugai Pharmaceutical Co	BBJP +0.24 points	0.53%	0.29%
Fanuc Corp Common Stock	BBJP +0.23 points	0.58%	0.35%
Eisai Co Ltd Common	GSJY +0.23 points	0.16%	0.39%
Recruit Holdings Co Ltd	BBJP +0.23 points	3.14%	2.91%
Sumitomo Corp Common	GSJY +0.22 points	0.94%	1.16%
Japan Tobacco Inc Common	BBJP +0.21 points	0.95%	0.74%
Japan Post Holdings Co	GSJY +0.20 points	0.44%	0.64%
Fujikura Ltd Common	GSJY +0.18 points	0.75%	0.93%
Yamaha Motor Co Ltd	BBJP +0.17 points	0.20%	0.03%
Nomura Research	BBJP +0.17 points	0.30%	0.13%
Nidec Corp Common Stock	BBJP +0.16 points	0.21%	0.05%
West Japan Railway Co	GSJY +0.16 points	0.17%	0.33%
Shimano Inc Common Stock	BBJP +0.15 points	0.18%	0.03%
Softbank Corp Common	BBJP +0.16 points	0.78%	0.62%
Osaka Gas Co Ltd Common	GSJY +0.15 points	0.26%	0.41%
Takeda Pharmaceutical Co	BBJP +0.15 points	1.25%	1.10%
Asics Corp Common Stock	GSJY +0.15 points	0.40%	0.55%
Mitsubishi Heavy	BBJP +0.15 points	1.34%	1.19%
Kirin Holdings Co Ltd	GSJY +0.14 points	0.28%	0.42%
Kansai Electric Power Co	BBJP +0.14 points	0.32%	0.18%
Kikkoman Corp Common	BBJP +0.14 points	0.17%	0.03%
Toray Industries Inc	BBJP +0.12 points	0.19%	0.07%
Hankyu Hanshin Holdings	GSJY +0.13 points	0.13%	0.26%
Disco Corp Common Stock	GSJY +0.13 points	0.52%	0.65%
Nippon Steel Corp Common	BBJP +0.12 points	0.40%	0.28%
Japan Exchange Group Inc	GSJY +0.13 points	0.25%	0.38%
Hikari Tsushin Inc	GSJY +0.12 points	0.08%	0.20%
Orix Corp Common Stock	BBJP +0.12 points	0.75%	0.63%
Kyocera Corp Common	BBJP +0.12 points	0.52%	0.40%
Daifuku Co Ltd Common	BBJP +0.12 points	0.22%	0.10%
Nec Corp Common Stock	GSJY +0.12 points	0.72%	0.84%
Ihi Corp Common Stock	BBJP +0.12 points	0.29%	0.17%
Canon Inc Common Stock	GSJY +0.11 points	0.47%	0.58%
Subaru Corp Common Stock	GSJY +0.10 points	0.17%	0.27%
Komatsu Ltd Common Stock	BBJP +0.11 points	0.64%	0.53%
Panasonic Holdings Corp	BBJP +0.11 points	0.97%	0.86%
Aeon Co Ltd Common Stock	BBJP +0.10 points	0.39%	0.29%
Shionogi & Co Ltd Common	BBJP +0.10 points	0.30%	0.20%
Screen Holdings Co Ltd	GSJY +0.10 points	0.25%	0.35%
Ibiden Co Ltd Common	GSJY +0.10 points	0.49%	0.59%
Astellas Pharma Inc	GSJY +0.10 points	0.54%	0.64%
Kawasaki Heavy	BBJP +0.10 points	0.22%	0.12%
Daiwa House Industry Co	BBJP +0.09 points	0.33%	0.24%
Marubeni Corp Common	BBJP +0.09 points	0.95%	0.86%
Seven & I Holdings Co	GSJY +0.08 points	0.53%	0.61%

All 174 BBJP holdings⁠All 160 GSJY 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 GSJY Cost

Overpaying GSJY vs BBJP

$1,207

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

BBJP 0.19%
$3,952
GSJY 0.25%
$5,159

Amount$10,000

Years30 years

Cost over time

BBJP 0.19%
GSJY 0.25%
Overpaying

Year by year

Year	BBJP	GSJY	Overpaying
10	$347	$455	$108
20	$1,351	$1,769	$418
30	$3,952	$5,159	$1,207

Expense ratio

0.19%BBJP, cheaper
0.25%GSJY

BBJP0.19%GSJY0.25%

0.09%1.92%

Middle half of Japan funds
Median 0.54%

BBJP 3rd cheapest of 18 funds

GSJY 4th cheapest of 18 funds

BBJP vs GSJY Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BBJP 4.71%, better; GSJY 2.02%
Payout (12M): BBJP $3.54; GSJY $1.07
Last payment: BBJP $3.54; GSJY $0.41
Ex-dividend: BBJP Dec 23, 2025; GSJY Jun 24, 2026
Paid on: BBJP Dec 26, 2025; GSJY Jun 30, 2026
Frequency: BBJP Annual; GSJY Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

BBJPAnnual · 8 paymentsAll BBJP payments⁠

GSJYTwice a year · 24 paymentsAll GSJY payments⁠

BBJP vs GSJY Risk

Fall from peak · 5 years

BBJP
GSJY

Risk facts

VolatilityStd dev, 3 years: BBJP 12.5%GSJY 12.0%, better
Return per unit of riskSharpe ratio, 3 years: BBJP 1.14GSJY 1.19, better
Worst fallMax drawdown, 5 years: BBJP −29.1%GSJY −28.5%, better
Market sensitivityBeta, 5 years: BBJP 0.82GSJY 0.92; Market = 1

BBJP and GSJY 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, 2026BBJP

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BBJP vs GSJY

In short

Stated mandate

Why people hold it

Worth knowing

How BBJP and GSJY differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BBJP

Only in GSJY

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Japan wholesale prices rise 7.6%, confirming a Bank of Japan hike already priced for next week

How BBJP and GSJY differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BBJP

Only in GSJY

Weight gaps