BBJP vs JPXN: Grades, Fees and Holdings Compared

JPMorgan BetaBuilders Japan ETF

BBJPACboe

iShares JPX-Nikkei 400 ETF

JPXNANYSE Arca

Overlap

76.1%by weight

Expense ratio

BBJP −0.29pt a year

BBJP0.19%JPXN0.48%

Avg volume · 30D

BBJP 80.2×the volume

BBJP1.32MJPXN16.5K

5Y return · a year

JPXN +0.3pt

BBJP+8.9%JPXN+9.2%

BBJP vs JPXN Performance

Oct 29, 2021 – Oct 30, 2026

+53.1%BBJP+55.0%JPXN

Expense ratio: BBJP 0.19%, better; JPXN 0.48%
Fund size: BBJP $18.7B; JPXN $166M
1Y total return: BBJP +14.9%; JPXN +17.7%, better
Yield (12M): BBJP 4.71%, better; JPXN 2.74%
Holdings: BBJP 177; JPXN 402
Avg volume (30D): BBJP 1.32M sh, better; JPXN 16.5K sh
NAV per share: BBJP $75.10; JPXN $100.45
52W range

ETF.net Grade

Pillar letters and Scores for BBJP, JPXN, with each pillar’s weight
Pillar	BBJP	JPXN
Cost30% weight	A88Higher	B68
Mission25% weight	A100	A100
Risk15% weight	C41	C53Higher
Tradability15% weight	A87Higher	B64
Holdings10% weight	B59	A82Higher
Durability5% weight	A76Higher	A70

Rank among Japan funds

How we build Categories ›

Same Category. BBJP and JPXN 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 JPXN 5th 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 3ASCJiShares MSCI Japan Small-Cap ETFScore 75
Rank 5AJPXNiShares JPX-Nikkei 400 ETFScore 74
Rank 6AEWJiShares MSCI Japan ETFScore 71

Our read on each fund

ETF.net Research

BBJPAJPMorgan BetaBuilders Japan ETF

JPXNAiShares JPX-Nikkei 400 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.

JPXN Most Japan ETFs just buy Tokyo. JPXN follows the JPX-Nikkei 400, an index that screens for profitability and shareholder-oriented practices, making it the corporate-reform cut of Japan rather than plain country beta.

Stated mandate

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

JPXN JPXN seeks to follow an index of Japanese equities that applies profitability and shareholder-oriented practice screens. It is intended to provide targeted exposure to Japan as a single-country allocation.

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.

JPXN The screen picks on capital discipline, not just size: about 400 Japanese companies filtered for profitability and shareholder-oriented management.
0.48% a year, a touch below the typical single-country Japan fund, which is unusual for a screened index rather than a plain market cap build.
Listed since 2001, it is one of the longer-running US-listed Japan funds, and it has tracked its stated index closely with no side bets.
Sits among the stronger implementations in a Japan single-country peer group that runs to well over a dozen funds.

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.

JPXN Broad Japan trackers cost far less: FLJP at 0.09% and BBJP at 0.19%. The profitability and governance screen is what the extra fee buys.
It trades lightly next to the giant Japan funds, so bid-ask spreads matter more here than with the category heavyweights.
One country, one screen. Japanese equities only, so it moves with Japan's market and offers no cushion from other regions.

Full BBJP profile⁠

Full JPXN profile⁠

BBJP vs JPXN Holdings

How BBJP and JPXN differ

Overlap by weight

76.1%

Shared holdings make up 91.6% of BBJP and 84.8% of JPXN.

Level by level

Holdings152 in both76.1%
Sector11 Sectors86.2%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in BBJP and JPXN, widest gap first
Sector	More in BBJPMore in JPXN	BBJP	JPXN
Technology	BBJP +6.2 points	20.9%	14.7%
Industrials	JPXN +4.8 points	24.0%	28.8%
Financials	BBJP +4.7 points	19.2%	14.5%
Consumer Discretionary	JPXN +3.9 points	11.1%	15.0%
Communication	BBJP +2.9 points	9.1%	6.2%
Materials	JPXN +1.6 points	3.1%	4.7%
Consumer Staples	JPXN +1.4 points	3.6%	5.0%
Utilities	JPXN +0.7 points	1.0%	1.7%
Health Care	JPXN +0.5 points	5.2%	5.7%
Energy	JPXN +0.4 points	1.0%	1.4%
Real Estate	JPXN +0.5 points	1.9%	2.4%

Country, concentration and asset class

Country by domicile

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

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

Concentration

Weight in the 10 largest Holdings

BBJP29.3%
JPXN17.6%

Securities held

BBJP174
JPXN398

Asset class

BBJP: Equity
JPXN: Equity

Holdings

Only in BBJP22
In both152
Only in JPXN246

Only in BBJP

22 securities, 8.2% of BBJP by weight

Kioxia Holdings Corp1.45%
Takeda Pharmaceutical Co1.25%
Kddi Corp Common Stock0.96%
Japan Post Bank Co Ltd0.63%
Kyocera Corp Common0.52%
East Japan Railway Co0.48%
Japan Post Holdings Co0.44%
Aeon Co Ltd Common Stock0.39%
Asahi Group Holdings Ltd0.27%
Asahi Kasei Corp Common0.26%
Nidec Corp Common Stock0.21%
Jx Advanced Metals Corp0.19%
Mitsubishi Chemical0.19%
Shiseido Co Ltd Common0.17%
Toppan Holdings Inc0.14%
Agc Inc Common Stock Jpy0.13%
Hankyu Hanshin Holdings0.13%
Nippon Building Fund Inc0.12%
Rakuten Group Inc Common0.11%
Japan Post Insurance Co0.11%
Nissan Motor Co Ltd0.07%
Crasus Chemical Inc<0.01%

Only in JPXN

246 securities, 14.4% of JPXN by weight

Ryohin Keikaku0.28%
Baycurrent Inc0.20%
Mebuki Financial Group Inc0.19%
Food & Life Companies0.19%
Sanrio0.19%
Isetan Mitsukoshi Holdings0.17%
Meiji Holdings Ltd0.16%
Brother Industries0.15%
Sojitz Corp0.15%
Misumi Group0.15%
Fukuoka Financial Group0.15%
Mcdonalds Holdings (Japan) Ltd0.15%
Sekisui Chemical0.14%
Sysmex0.14%
Ngk0.14%
Kyuden Holdings0.13%
Matsukiyokara0.13%
Asahi Intecc0.12%
Ono Pharmaceutical0.12%
Seiko Epson0.12%
Tokyu0.12%
Gunma Bank0.12%
Kobe Steel0.12%
Square Enix Hldg0.11%
Tisi0.11%
Seibu Holdings0.11%
Azbil Corp0.11%
Yakult Honsha Ltd0.10%
Uss0.10%
Kintetsu Group Holdings Ltd0.10%
Tokyo Ohka Kogyo0.10%
Hirose Electric Ltd0.10%
Sanwa Holdings0.10%
Kinden0.10%
Nissan Chemical Corp0.10%
J.front Retailing0.10%
Toto Ltd0.10%
Tosoh Corp0.10%
Mazda Motor0.10%
Tokyu Fudosan Holdings0.09%
Horiba0.09%
Trend Micro0.09%
Tohoku Electric Power0.09%
Amada Ltd0.09%
Hamamatsu Photonics0.09%
Hoshizaki0.09%
Nissin Foods Holdings Ltd0.09%
Seiko Group Corp0.09%
Mitsui Chemicals0.09%
Infroneer Holdings0.09%

Weight gaps

The 100 widest of 152 Holdings in both funds.

Holding weights in BBJP and JPXN, widest gap first
Holding	More in BBJPMore in JPXN	BBJP	JPXN
Mitsubishi Ufj Financial	BBJP +2.95 points	4.52%	1.57%
Toyota Motor Corp Common	BBJP +2.18 points	3.69%	1.51%
Tokyo Electron Ltd	BBJP +1.60 points	2.49%	0.89%
Sumitomo Mitsui	BBJP +1.37 points	2.84%	1.47%
Advantest Corp Common	BBJP +1.19 points	2.90%	1.71%
Sony Group Corp Common	BBJP +1.01 points	2.76%	1.75%
Hitachi Ltd Common Stock	BBJP +1.01 points	2.67%	1.66%
Softbank Group Corp	BBJP +0.79 points	1.88%	1.09%
Mizuho Financial Group	BBJP +0.72 points	2.18%	1.46%
Ntt Inc Common Stock Jpy	JPXN +0.70 points	0.55%	1.25%
Mitsubishi Corp Common	BBJP +0.57 points	2.06%	1.49%
Murata Manufacturing Co	BBJP +0.56 points	1.30%	0.74%
Recruit Holdings Co Ltd	BBJP +0.49 points	3.14%	2.65%
Fast Retailing Co Ltd	BBJP +0.32 points	1.67%	1.35%
Nintendo Co Ltd Common	JPXN +0.33 points	1.13%	1.46%
Hoya Corp Common Stock	JPXN +0.26 points	1.02%	1.28%
Sumitomo Corp Common	JPXN +0.24 points	0.94%	1.18%
Panasonic Holdings Corp	JPXN +0.22 points	0.97%	1.19%
MS&AD Insurance Group	JPXN +0.22 points	0.77%	0.99%
Softbank Corp Common	JPXN +0.21 points	0.78%	0.99%
Orix Corp Common Stock	JPXN +0.20 points	0.75%	0.95%
Keyence Corp Common	BBJP +0.19 points	1.71%	1.52%
Nec Corp Common Stock	JPXN +0.18 points	0.72%	0.90%
Fujitsu Ltd Common Stock	JPXN +0.17 points	0.74%	0.92%
Renesas Electronics Corp	JPXN +0.17 points	0.56%	0.73%
Tokio Marine Holdings	BBJP +0.17 points	1.93%	1.76%
Japan Tobacco Inc Common	JPXN +0.17 points	0.95%	1.12%
Marubeni Corp Common	JPXN +0.16 points	0.95%	1.11%
Japan Airlines Co Ltd	JPXN +0.16 points	0.05%	0.21%
Ana Holdings Inc Common	JPXN +0.15 points	0.05%	0.20%
Sompo Holdings Inc Common	JPXN +0.15 points	0.74%	0.89%
Lasertec Corp Common	JPXN +0.14 points	0.33%	0.47%
Komatsu Ltd Common Stock	JPXN +0.14 points	0.64%	0.78%
Daiichi Life Group Inc	JPXN +0.14 points	0.76%	0.90%
Resona Holdings Inc	JPXN +0.13 points	0.57%	0.70%
Fanuc Corp Common Stock	JPXN +0.14 points	0.58%	0.72%
Honda Motor Co Ltd	JPXN +0.13 points	0.82%	0.95%
Nomura Holdings Inc	JPXN +0.12 points	0.51%	0.63%
Smc Corp	JPXN +0.12 points	0.41%	0.53%
Mitsui & Co Ltd Common	JPXN +0.11 points	1.50%	1.61%
Eneos Holdings Inc Common	JPXN +0.11 points	0.45%	0.56%
Daikin Industries Ltd	JPXN +0.11 points	0.68%	0.79%
Fujifilm Holdings Corp	JPXN +0.11 points	0.48%	0.59%
Asics Corp Common Stock	JPXN +0.11 points	0.40%	0.51%
Disco Corp Common Stock	JPXN +0.10 points	0.52%	0.62%
Sumitomo Mitsui Trust	JPXN +0.10 points	0.54%	0.64%
Astellas Pharma Inc	JPXN +0.09 points	0.54%	0.63%
Itochu Corp Common Stock	BBJP +0.09 points	1.92%	1.83%
Canon Inc Common Stock	JPXN +0.09 points	0.47%	0.56%
Ihi Corp Common Stock	JPXN +0.08 points	0.29%	0.37%
Otsuka Holdings Co Ltd	JPXN +0.08 points	0.67%	0.75%
Nippon Steel Corp Common	JPXN +0.08 points	0.40%	0.48%
Oriental Land Co	JPXN +0.08 points	0.47%	0.55%
Mitsui Fudosan Co Ltd	JPXN +0.08 points	0.50%	0.58%
Daiichi Sankyo Co Ltd	JPXN +0.07 points	0.57%	0.64%
Capcom Co Ltd Common	JPXN +0.08 points	0.14%	0.21%
Mitsubishi Electric Corp	JPXN +0.07 points	1.07%	1.14%
Shimano Inc Common Stock	JPXN +0.08 points	0.18%	0.26%
Fujikura Ltd Common	JPXN +0.07 points	0.75%	0.82%
Kao Corp Common Stock	JPXN +0.07 points	0.40%	0.47%
Sumitomo Electric	JPXN +0.07 points	0.64%	0.71%
Denso Corp Common Stock	JPXN +0.07 points	0.35%	0.42%
Inpex Corp Common Stock	JPXN +0.06 points	0.43%	0.49%
Daiwa Securities Group	JPXN +0.06 points	0.28%	0.34%
Japan Exchange Group Inc	JPXN +0.07 points	0.25%	0.32%
Ajinomoto Co Inc Common	JPXN +0.06 points	0.57%	0.63%
Mitsui Osk Lines Ltd	JPXN +0.05 points	0.30%	0.35%
Kansai Electric Power Co	JPXN +0.05 points	0.32%	0.37%
Sumitomo Realty &	BBJP +0.05 points	0.35%	0.30%
Nexon Co Ltd Common Stock	JPXN +0.05 points	0.10%	0.15%
Bridgestone Corp Common	JPXN +0.05 points	0.50%	0.55%
Obayashi Corp Common	JPXN +0.06 points	0.23%	0.29%
Nippon Yusen Kk Common	JPXN +0.05 points	0.36%	0.41%
Konami Group Corp Common	JPXN +0.05 points	0.28%	0.33%
Kirin Holdings Co Ltd	JPXN +0.05 points	0.28%	0.33%
Ly Corp Common Stock Jpy	JPXN +0.05 points	0.15%	0.20%
Furukawa Electric Co Ltd	JPXN +0.05 points	0.22%	0.27%
Mitsubishi Estate Co Ltd	JPXN +0.05 points	0.54%	0.59%
Shin-Etsu Chemical Co	BBJP +0.04 points	1.29%	1.25%
Nomura Research	JPXN +0.04 points	0.30%	0.34%
Resonac Holdings Corp	JPXN +0.04 points	0.29%	0.33%
Mitsubishi Hc Capital	JPXN +0.04 points	0.13%	0.17%
Chugai Pharmaceutical Co	JPXN +0.04 points	0.53%	0.57%
Osaka Gas Co Ltd Common	JPXN +0.04 points	0.26%	0.30%
Chubu Electric Power Co	JPXN +0.04 points	0.22%	0.26%
Kawasaki Kisen Kaisha	JPXN +0.04 points	0.15%	0.19%
Ibiden Co Ltd Common	JPXN +0.03 points	0.49%	0.52%
Ebara Corp Common Stock	JPXN +0.04 points	0.20%	0.24%
Makita Corp Common Stock	JPXN +0.04 points	0.14%	0.18%
Unicharm Corp Common	JPXN +0.03 points	0.13%	0.16%
Subaru Corp Common Stock	JPXN +0.03 points	0.17%	0.20%
Nippon Sanso Holdings	JPXN +0.03 points	0.13%	0.16%
Nippon Paint Holdings Co	JPXN +0.04 points	0.14%	0.18%
Suzuki Motor Corp Common	JPXN +0.03 points	0.45%	0.48%
Bandai Namco Holdings Inc	BBJP +0.03 points	0.45%	0.42%
Sbi Holdings Inc Common	JPXN +0.03 points	0.20%	0.23%
Sumitomo Metal Mining Co	JPXN +0.03 points	0.24%	0.27%
Pan Pacific	BBJP +0.03 points	0.23%	0.20%
T&D Holdings Inc Common	JPXN +0.03 points	0.28%	0.31%
Suntory Beverage & Food	JPXN +0.03 points	0.07%	0.10%

All 174 BBJP holdings⁠All 398 JPXN 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 JPXN Cost

Overpaying JPXN vs BBJP

$5,653

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

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

Amount$10,000

Years30 years

Cost over time

BBJP 0.19%
JPXN 0.48%
Overpaying

Year by year

Year	BBJP	JPXN	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%JPXN

BBJP0.19%JPXN0.48%

0.09%1.92%

Middle half of Japan funds
Median 0.54%

BBJP 3rd cheapest of 18 funds

JPXN 6th cheapest of 18 funds

BBJP vs JPXN Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BBJP 4.71%, better; JPXN 2.74%
Payout (12M): BBJP $3.54; JPXN $2.75
Last payment: BBJP $3.54; JPXN $0.64
Ex-dividend: BBJP Dec 23, 2025; JPXN Jun 15, 2026
Paid on: BBJP Dec 26, 2025; JPXN Jun 18, 2026
Frequency: BBJP Annual; JPXN Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

BBJPAnnual · 8 paymentsAll BBJP payments⁠

JPXNTwice a year · 19 paymentsAll JPXN payments⁠

BBJP vs JPXN Risk

Fall from peak · 5 years

BBJP
JPXN

Risk facts

VolatilityStd dev, 3 years: BBJP 12.5%JPXN 12.3%, better
Return per unit of riskSharpe ratio, 3 years: BBJP 1.14JPXN 1.21, better
Worst fallMax drawdown, 5 years: BBJP −29.1%JPXN −29.1%
Market sensitivityBeta, 5 years: BBJP 0.82JPXN 0.85; Market = 1

BBJP and JPXN 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 JPXN

In short

Stated mandate

Why people hold it

Worth knowing

How BBJP and JPXN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BBJP

Only in JPXN

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 JPXN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BBJP

Only in JPXN

Weight gaps