BBAX vs CWB

Comparison between JPMORGAN BETABUILDERS DEVELOPED ASIA PACIFIC EX-JAPAN ETF (BBAX, ETF) and STATE STREET(R) SPDR(R) BLOOMBERG CONVERTIBLE SECURITIES ETF (CWB, ETF).

5-Year PerformanceBBAX has outperformed CWB, delivering a return of +6.1% compared to +5.9%

BBAX vs CWB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BBAX(ETF)	CWB(ETF)
Net Assets	$6.20B	$6.20B
Expense Ratio	0.19%	0.40%
Max Drawdown	39.64%	32.16%
Sharpe Ratio	0.97	1.11
5Y Beta	0.74	0.64
5Y Dividends CAGR	8.40%	-4.71%

Net Assets

BBAX

$6.20B

CWB

$6.20B

Expense Ratio

Winner

BBAX

0.19%

CWB

0.40%

Max Drawdown

BBAX

39.64%

Winner

CWB

32.16%

Sharpe Ratio

BBAX

0.97

Winner

CWB

1.11

5Y Beta

BBAX

0.74

Winner

CWB

0.64

5Y Dividends CAGR

Winner

BBAX

8.40%

CWB

-4.71%

BBAX vs CWB - Historical Returns

Returns include dividend reinvestment.

Period	BBAX	CWB
1 month	+1.40%	-7.17%
3 months	+0.02%	+1.75%
6 months	+8.51%	+8.91%
1 year	+18.01%	+21.91%
5 years(CAGR)	+6.15%	+5.91%
10 years(CAGR)	N/A	+11.72%
Max(CAGR)	+6.86%	+11.50%

Winner

BBAX

+1.40%

CWB

-7.17%

BBAX

+0.02%

Winner

CWB

+1.75%

BBAX

+8.51%

Winner

CWB

+8.91%

BBAX

+18.01%

Winner

CWB

+21.91%

5Y(CAGR)

Winner

BBAX

+6.15%

CWB

+5.91%

10Y(CAGR)

BBAX

N/A

CWB

+11.72%

Max(CAGR)

BBAX

+6.86%

Winner

CWB

+11.50%

BBAX vs CWB - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	BBAX	CWB
2026	+10.75%	+12.93%
2025	+20.43%	+16.44%
2024	+3.69%	+10.97%
2023	+5.73%	+14.90%
2022	-4.79%	-20.52%
2021	+4.72%	+2.71%
2020	+6.61%	+52.07%
2019	+19.97%	+22.44%
2018	-9.66%	-3.35%
2017	N/A	+15.84%
2016	N/A	+11.56%
2015	N/A	-0.87%
2014	N/A	+8.01%
2013	N/A	+19.29%
2012	N/A	+14.23%
2011	N/A	-7.95%
2010	N/A	+12.77%
2009	N/A	+29.61%

BBAX vs CWB Drawdown Comparison

The maximum drawdown for BBAX was -39.64%, occurring on Mar 23, 2020. Recovery took 217 trading sessions.

The maximum drawdown for CWB was -32.06%, occurring on Mar 23, 2020. Recovery took 76 trading sessions.

The current BBAX drawdown is -1.73%. The current CWB drawdown is -8.23%.

Rank	BBAX	CWB
#1	-39.64% Jan 16, 2020 - Nov 24, 2020	-32.06% Feb 19, 2020 - Jun 8, 2020
#2	-24.40% Jun 4, 2021 - Sep 16, 2024	-29.86% Feb 12, 2021 - Jul 16, 2025
#3	-20.13% Oct 2, 2024 - Jun 2, 2025	-17.09% May 2, 2011 - Oct 18, 2012
#4	-12.75% Aug 29, 2018 - Feb 22, 2019	-15.95% Jun 1, 2015 - Jul 22, 2016
#5	-10.47% Jul 3, 2019 - Jan 2, 2020	-13.79% Jun 20, 2018 - Feb 25, 2019
#6	-9.00% Feb 25, 2026 - Mar 30, 2026	-10.76% Apr 26, 2010 - Oct 5, 2010
#7	-6.25% Oct 28, 2025 - Dec 23, 2025	-9.06% Sep 5, 2014 - Mar 20, 2015
#8	-4.99% Jan 21, 2021 - Feb 11, 2021	-8.23% Jun 2, 2026 - Jul 16, 2026
#9	-4.66% May 3, 2019 - Jun 19, 2019	-7.61% Sep 1, 2020 - Oct 9, 2020
#10	-4.51% Feb 23, 2021 - Apr 14, 2021	-7.58% Jan 19, 2010 - Mar 8, 2010
#11	-3.87% Sep 15, 2025 - Oct 28, 2025	-7.52% Oct 29, 2025 - Jan 13, 2026
#12	-2.80% Nov 25, 2020 - Dec 4, 2020	-7.36% Jan 26, 2018 - Mar 12, 2018
#13	-2.78% Aug 8, 2018 - Aug 29, 2018	-6.76% Jan 28, 2026 - Apr 8, 2026
#14	-2.77% May 10, 2021 - May 28, 2021	-6.52% May 21, 2013 - Jul 22, 2013
#15	-2.71% Jun 10, 2025 - Jun 26, 2025	-6.24% May 3, 2019 - Jul 12, 2019

Correlation

Correlation between BBAX and CWB is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2009 - 2026)

BBAX vs CWB dividend yield comparison.

Year	BBAX	CWB
2026	1.64%	0.69%
2025	3.86%	1.69%
2024	4.13%	1.85%
2023	4.17%	1.97%
2022	5.06%	2.21%
2021	5.47%	1.97%
2020	2.57%	2.34%
2019	4.07%	3.03%
2018	1.36%	6.17%
2017	0.00%	4.25%
2016	0.00%	4.60%
2015	0.00%	7.52%
2014	0.00%	7.37%
2013	0.00%	3.66%
2012	0.00%	3.84%
2011	0.00%	4.97%
2010	0.00%	4.59%
2009	0.00%	3.88%