BBJP vs JPAN: Grades, Fees and Holdings Compared

JPMorgan BetaBuilders Japan ETF

BBJPACboe

Matthews Japan Active ETF JPAN

JPANCNYSE Arca

Overlap

42.5%by weight

Expense ratio

BBJP −0.60pt a year

BBJP0.19%JPAN0.79%

Avg volume · 30D

BBJP 923.9×the volume

BBJP1.34MJPAN1.45K

3Y return · a year

JPAN +3.9pt

BBJP+18.4%JPAN+22.3%

BBJP vs JPAN Performance

Nov 7, 2025 – Nov 9, 2026

+13.6%BBJP+15.4%JPAN

Expense ratio: BBJP 0.19%, better; JPAN 0.79%
Fund size: BBJP $17.9B; JPAN $11M
1Y total return: BBJP +13.6%; JPAN +15.4%, better
Yield (12M): BBJP 4.77%, better; JPAN 4.45%
Holdings: BBJP 177; JPAN 52
Avg volume (30D): BBJP 1.34M sh, better; JPAN 1.45K sh
NAV per share: BBJP $71.14; JPAN $38.73
52W range

ETF.net Grade

Pillar letters and Scores for BBJP, JPAN, with each pillar’s weight
Pillar	BBJP	JPAN
Cost30% weight	A88Higher	D26
Mission25% weight	A100	A100
Risk15% weight	C47Higher	C44
Tradability15% weight	A87Higher	F7
Holdings10% weight	B61Higher	D35
Durability5% weight	A76Higher	D26

Rank among Japan funds

How we build Categories ›

Same Category. BBJP and JPAN 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 JPAN 14th of 18 funds in the Japan Category.

Rank 1AFLJPFranklin FTSE Japan ETFScore 83
Rank 2ABBJPJPMorgan BetaBuilders Japan ETFScore 81
Rank 3ASCJiShares MSCI Japan Small-Cap ETFScore 75
Rank 12CJPYLazard Japanese Equity ETFScore 49
Rank 14CJPANMatthews Japan Active ETF JPANScore 45
Rank 15CMJSCMUFG Japan Small Cap Active ETFScore 44

Our read on each fund

ETF.net Research

BBJPAJPMorgan BetaBuilders Japan ETF

JPANCMatthews Japan Active ETF JPAN

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.

JPAN The Japan aisle is stacked with cheap index trackers. JPAN is the other thing: an active, stock-picked Japan portfolio from an Asia-only shop, launched in 2023 and priced like the research effort it is.

Stated mandate

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

JPAN The fund seeks long-term capital appreciation.

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.

JPAN Actively managed by Matthews, a firm built around Asia, with one stated job: long-term capital appreciation from Japanese equities.
The portfolio stays inside the Japan mandate on the label, with no drift into the wider Asia-Pacific region.
Standard 1940 Act fund structure: no leverage, no commodity-pool plumbing, no derivative overlay to decode.

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.

JPAN At 0.79% a year it sits well above the typical Japan ETF, where index rivals like FLJP (0.09%) and BBJP (0.19%) set the floor.
A small, thinly traded fund, so spreads can run wider than the giant index names in the same aisle.
Launched in 2023, so the record is short, and cash comes back once or twice a year rather than quarterly.

Full BBJP profile⁠

Full JPAN profile⁠

BBJP vs JPAN Holdings

How BBJP and JPAN differ

Overlap by weight

42.5%

Shared holdings make up 80.6% of JPAN and 46.2% of BBJP.

Level by level

Holdings36 in both42.5%
Sector11 Sectors94.4%
Asset classStocks100%
Countryby domicile100%

Sector

Sector weights in BBJP and JPAN, widest gap first
Sector	Gap	BBJP	JPAN
Financials	JPAN +2.0 points	18.9%	20.9%
Technology	JPAN +1.8 points	19.5%	21.3%
Consumer Discretionary	JPAN +1.5 points	11.9%	13.4%
Communication	BBJP +1.2 points	9.1%	7.9%
Materials	BBJP +1.1 points	3.1%	1.9%
Health Care	BBJP +1.1 points	5.9%	4.8%
Utilities	BBJP +1.1 points	1.1%	0.0%
Energy	BBJP +1.0 points	1.0%	0.0%
Consumer Staples	JPAN +0.2 points	3.9%	4.0%
Industrials	BBJP +0.1 points	23.6%	23.5%
Real Estate	JPAN +0.1 points	2.1%	2.2%

Country, concentration and asset class

Country by domicile

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

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

Concentration

Weight in the 10 largest Holdings

BBJP29.8%
JPAN39.1%

Securities held

BBJP174
JPAN51

Asset class

BBJP: Stocks
JPAN: Stocks

Holdings

Only in BBJP138
In both36
Only in JPAN15

Only in BBJP

138 securities, 53.7% of BBJP by weight

Toyota Motor Corp Common4.30%
Itochu Corp Common Stock1.98%
Mitsui & Co Ltd Common1.47%
Mitsubishi Heavy1.23%
Nintendo Co Ltd Common1.18%
Mitsubishi Electric Corp1.13%
Kddi Corp Common Stock1.01%
Marubeni Corp Common0.97%
Hoya Corp Common Stock0.94%
Honda Motor Co Ltd Common0.91%
Panasonic Holdings Corp0.84%
Softbank Corp Common0.83%
Daiichi Life Group Inc0.77%
Sompo Holdings Inc Common0.76%
Daikin Industries Ltd0.76%
Japan Tobacco Inc Common0.74%
Fujitsu Ltd Common Stock0.70%
Otsuka Holdings Co Ltd0.68%
Komatsu Ltd Common Stock0.65%
Japan Post Bank Co Ltd0.64%
Fujikura Ltd Common0.62%
Daiichi Sankyo Co Ltd0.61%
Fanuc Corp Common Stock0.60%
Resona Holdings Inc0.59%
Seven & I Holdings Co0.57%
Chugai Pharmaceutical Co0.56%
Astellas Pharma Inc0.56%
Sumitomo Mitsui Trust0.55%
Sumitomo Electric0.55%
Bridgestone Corp Common0.55%
Ntt Inc Common Stock Jpy0.54%
Renesas Electronics Corp0.53%
Mitsui Fudosan Co Ltd0.52%
Suzuki Motor Corp Common0.52%
Tdk Corp Common Stock Jpy0.51%
Oriental Land Co0.50%
Central Japan Railway Co0.50%
Canon Inc Common Stock0.49%
Bandai Namco Holdings Inc0.48%
Fujifilm Holdings Corp0.48%
Disco Corp Common Stock0.47%
Kyocera Corp Common Stock0.45%
Japan Post Holdings Co0.44%
Nippon Steel Corp Common0.43%
Aeon Co Ltd Common Stock0.42%
Ibiden Co Ltd Common0.40%
Smc Corp0.40%
Eneos Holdings Inc Common0.39%
Inpex Corp Common Stock0.37%
Denso Corp Common Stock0.37%

Only in JPAN

15 securities, 15.9% of JPAN by weight

Misumi Group, Inc.2.30%
Ryohin Keikaku Co., Ltd.1.96%
Panasonic Holdings Corp.1.93%
Yokohama Rubber Co., Ltd.1.86%
Food & Life Cos., Ltd.1.22%
Infroneer Holdings, Inc.1.09%
Archion Corp.0.89%
Go, Inc.0.88%
Kinden Corp.0.84%
Japan Steel Works, Ltd.0.78%
Ns Group, Inc.0.60%
Rohto Pharmaceutical Co., Ltd.0.50%
Timee, Inc.0.45%
Socionext, Inc.0.35%
Itoki Corp.0.26%

Weight gaps

All 36 Holdings in both funds, largest gap first.

Holding weights in BBJP and JPAN, widest gap first
Holding	Gap	BBJP	JPAN
Asics Corp Common Stock	JPAN +2.12 points	0.43%	2.55%
Tokio Marine Holdings Inc	JPAN +2.02 points	2.02%	4.04%
Nec Corp Common Stock Jpy	JPAN +1.96 points	0.68%	2.64%
Konami Group Corp Common	JPAN +1.92 points	0.31%	2.23%
MS&AD Insurance Group	JPAN +1.89 points	0.78%	2.67%
Recruit Holdings Co Ltd	JPAN +1.88 points	2.97%	4.85%
East Japan Railway Co	JPAN +1.78 points	0.52%	2.30%
Kao Corp Common Stock	JPAN +1.71 points	0.42%	2.13%
Sony Group Corp Common	JPAN +1.71 points	3.05%	4.76%
Sumitomo Corp Common	JPAN +1.68 points	0.95%	2.63%
Niterra Co Ltd Common	JPAN +1.62 points	0.17%	1.79%
Mitsubishi Estate Co Ltd	JPAN +1.52 points	0.58%	2.10%
Kawasaki Heavy	JPAN +1.47 points	0.22%	1.69%
Mizuho Financial Group	JPAN +1.38 points	2.23%	3.61%
Toyota Tsusho Corp	JPAN +1.29 points	0.55%	1.84%
Shionogi & Co Ltd Common	JPAN +1.26 points	0.32%	1.58%
Softbank Group Corp	BBJP +1.19 points	1.65%	0.46%
Yamaha Motor Co Ltd	JPAN +1.16 points	0.20%	1.36%
Hitachi Ltd Common Stock	JPAN +1.10 points	2.55%	3.65%
Advantest Corp Common	JPAN +1.03 points	2.56%	3.59%
Mitsubishi Corp Common	JPAN +0.99 points	2.28%	3.27%
Isuzu Motors Ltd Common	JPAN +0.96 points	0.14%	1.10%
Terumo Corp Common Stock	JPAN +0.95 points	0.46%	1.41%
Fast Retailing Co Ltd	BBJP +0.93 points	1.84%	0.91%
Resonac Holdings Corp	JPAN +0.92 points	0.25%	1.17%
Keyence Corp Common Stock	JPAN +0.81 points	1.63%	2.44%
Ajinomoto Co Inc Common	JPAN +0.76 points	0.51%	1.27%
Sumitomo Mitsui	JPAN +0.71 points	2.90%	3.61%
Shin-Etsu Chemical Co Ltd	BBJP +0.52 points	1.23%	0.71%
Takeda Pharmaceutical Co	JPAN +0.52 points	1.32%	1.84%
Orix Corp Common Stock	JPAN +0.48 points	0.75%	1.23%
Mitsubishi Ufj Financial	BBJP +0.39 points	4.62%	4.23%
Kioxia Holdings Corp	JPAN +0.32 points	1.07%	1.39%
Murata Manufacturing Co	BBJP +0.29 points	1.12%	0.83%
Tokyo Electron Ltd Common	BBJP +0.28 points	2.30%	2.02%
Nomura Holdings Inc	JPAN +0.22 points	0.54%	0.76%

All 174 BBJP holdings⁠All JPAN 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 JPAN Cost

Overpaying JPAN vs BBJP

$11,222

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

BBJP 0.19%
$3,952
JPAN 0.79%
$15,174

Amount$10,000

Years30 years

Cost over time

BBJP 0.19%
JPAN 0.79%
Overpaying

Year by year

Year	BBJP	JPAN	Overpaying
10	$347	$1,405	$1,058
20	$1,351	$5,331	$3,980
30	$3,952	$15,174	$11,222

Expense ratio

0.19%BBJP, cheaper
0.79%JPAN

BBJP0.19%JPAN0.79%

0.09%1.92%

Middle half of Japan funds
Median 0.54%

BBJP 3rd cheapest of 18 funds

JPAN 13th cheapest of 18 funds

BBJP vs JPAN Dividends

Last 12 months to Nov 9, 2026

Yield (12M): BBJP 4.77%, better; JPAN 4.45%
Payout (12M): BBJP $3.54; JPAN $1.83
Last payment: BBJP $3.54; JPAN $1.83
Ex-dividend: BBJP Dec 23, 2025; JPAN Dec 17, 2025
Paid on: BBJP Dec 26, 2025; JPAN Dec 22, 2025
Frequency: BBJP Annual; JPAN Annual

Distribution history

Per share, 2018 to 2026, same scale for both

BBJPAnnual · 8 paymentsAll BBJP payments⁠

JPANAnnual · 3 paymentsAll JPAN payments⁠

BBJP vs JPAN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BBJP 12.5%, betterJPAN 14.7%
Return per unit of riskSharpe ratio, 3 years: BBJP 1.14JPAN 1.20, better
Worst fallMax drawdown, 5 years: BBJP −28.8%JPAN −15.2%since Sep 2023
Market sensitivityBeta, 5 years: BBJP 0.75JPAN 0.86; Market = 1

BBJP and JPAN 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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