JPMorgan BetaBuilders Developed Asia Pacific… (BBAX) Performance
BBAX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.4% since Dec 31, 2025
- 1 year
- +13.8% total return
- 5 years
- +6.3% a year
- Since first price
- +6.8% a year since 2018
BBAX trailing returns vs SPY, QQQ, AGG
| Period | BBAX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.4% | +0.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.1% | −0.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.9% | +0.7% | +7.8% | +8.4% | −1.5% |
| YTD | +13.4% | +10.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.8% | +9.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +61.0%+17.2%/yr | +42.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +35.6%+6.3%/yr | +8.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionAug 8, 2018 | +71.6%+6.8%/yr | +21.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BBAX vs SPY
From Aug 8, 2018: BBAX grew to $17,157, SPY to $30,144.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BBAX returns by calendar year
6 of 7 full years positive. Best 2025 (+20.2%), worst 2022 (−4.8%). 2026 is year to date.
BBAX annual returns table
| Year | BBAX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.4% | −9.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +20.2% | −16.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +2.5% | −10.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +5.6% | −17.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −4.8% | −23.2% | −18.2% | −32.6% | −13.0% |
| 2021 | +5.5% | −10.7% | +28.7% | +27.4% | −1.8% |
| 2020 | +8.0% | −39.6% | +18.3% | +48.6% | +7.5% |
| 2019 | +18.7% | −10.5% | +31.2% | +39.0% | +8.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BBAX largest drawdowns
Now 4.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 17, 2020 | −39.6% | Mar 23, 2020 | Nov 24, 2020 | 2 months | 10 months |
| Jun 4, 2021 | −24.3% | Oct 14, 2022 | Sep 12, 2024 | 1.4 years | 3.3 years |
| Oct 2, 2024 | −20.1% | Apr 8, 2025 | Jun 2, 2025 | 6 months | 8 months |
| Aug 29, 2018 | −12.7% | Oct 29, 2018 | Feb 22, 2019 | 2 months | 6 months |
| Jul 3, 2019 | −10.5% | Aug 14, 2019 | Jan 2, 2020 | 42 days | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BBAX risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +15.7% | +7.4% | +7.1% |
| Volatility (annualized) | 14.0% | 17.6% | 18.2% |
| Sharpe ratio | 0.81 | 0.29 | 0.32 |
| Sortino ratio | 1.34 | 0.44 | 0.47 |
| Best month | +8.6% | +16.5% | +16.5% |
| Worst month | −6.6% | −10.3% | −19.4% |
| Best 12 months | +34.2% | +34.2% | +55.2% |
| Worst 12 months | +2.5% | −19.8% | −22.2% |
| Positive months | 61% | 58% | 59% |
| Beta vs S&P 500 | 0.64 | 0.78 | — |
| Correlation with S&P 500 | 0.57 | 0.69 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BBAX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 87 | −22.2% | +7.4% | +55.2% | 72% |
| 3-year (a year) | 63 | −2.7% | +6.0% | +17.2% | 86% |
| 5-year (a year) | 39 | +2.5% | +5.6% | +10.0% | 100% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
BBAX performance overview
JPMorgan BetaBuilders Developed Asia Pacific… (BBAX) returned +13.8% over the past year and +6.3% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +6.8% a year, turning $10,000 into about $17,157. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −39.6%, from Jan 17, 2020 to Mar 23, 2020, and it took 8 months to get back to the old high. BBAX finished 6 of its 7 full calendar years with a gain; the best year was 2025 (+20.2%) and the worst 2022 (−4.8%). Volatility has been 18.2% a year.
Related: BBAX chart, BBAX holdings, BBAX dividends. See the BBAX overview for the latest quote and fund facts.
BBAX performance FAQ
What is the BBAX return over the past year?
BBAX returned +13.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.5%.
What is the average annual return of BBAX?
BBAX has returned +6.3% a year over 5 years, +6.8% a year since August 8, 2018 (total return, distributions reinvested).
How much would $10,000 invested in BBAX be worth?
$10,000 invested in BBAX at its first recorded close on August 8, 2018 would be worth about $17,157 on October 23, 2026 with distributions reinvested.
What was the worst year for BBAX?
The worst calendar year was 2022, with a total return of −4.8%. The best was 2025 at +20.2%.
What is the biggest drawdown of BBAX?
The largest peak-to-trough decline was −39.6% between January 17, 2020 and March 23, 2020. It recovered to the old high on November 24, 2020, 8 months after the bottom.
How volatile is BBAX?
Over the past 3 years BBAX had an annualized volatility of 14.0% and a Sharpe ratio of 0.81 (excess return over 1–3 month T-bills per unit of risk).