BBAX - ETF AI Analysis

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JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX)

Rating:66Neutral

Price Target:―

BBAX, the JPMorgan BetaBuilders Developed Asia ex-Japan ETF, has a solid overall rating driven mainly by high-quality financial and banking names like DBS Group and CSL, which show strong profitability, positive earnings commentary, and supportive long-term strategies. Large positions in banks such as Commonwealth Bank of Australia and National Australia Bank also add stability, though issues like high leverage, cash flow challenges, and some bearish or cautious technical signals in several holdings slightly weigh on the fund’s rating. The main risk factor is the ETF’s heavy concentration in a handful of big financial and Australian names, which can increase sensitivity to sector and country-specific downturns.

Positive Factors

Solid Recent Performance

The ETF has shown steady gains over the past month, three months, and year-to-date, indicating positive recent momentum.

Low Expense Ratio

The fund charges a relatively low fee, which helps investors keep more of their returns over time.

Broad Developed Asia ex-Japan Exposure

The ETF offers diversified access to developed Asian markets outside Japan, with meaningful positions in Australia, Hong Kong, and Singapore.

Negative Factors

Heavy Country Concentration

More than half of the portfolio is invested in Australia, which increases the fund’s sensitivity to that single market.

Financial Sector Dominance

Nearly half of the ETF is in financial stocks, so a downturn in banks or insurers could have an outsized impact on performance.

Mixed Performance Among Top Holdings

Several of the largest positions, including major Australian and Hong Kong financial companies, have shown weak year-to-date performance, which can drag on the fund’s overall returns.

BBAX vs. SPDR S&P 500 ETF (SPY)

AUM6.33B

RegionAsia-Pacific

Expense Ratio0.19%

Beta0.71

IssuerJPMorgan

Inception DateAug 07, 2018

Dividend Yield3.49%

Asset ClassEquity

Index TrackedMorningstar Developed Asia Pacific ex-Japan Target Market Exposure Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume318,399

30 Day Avg. Volume268,569

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

64.89

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering95

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

BBAX Summary

BBAX is an ETF from JPMorgan that tracks the Morningstar Developed Asia Pacific ex-Japan Index, giving you broad exposure to developed Asian markets like Australia, Hong Kong, and Singapore, without owning Japanese stocks. It holds many companies across sectors, with big positions in well-known names such as Commonwealth Bank of Australia and BHP Group. Investors might consider BBAX to diversify beyond the U.S. and Europe and to participate in long-term growth in developed Asia through one simple fund. A key risk is that it is heavily tilted toward financial and materials stocks, so its value can rise and fall with those sectors and regional markets.

How much will it cost me?The expense ratio for the JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) is 0.19%, which means you’ll pay $1.90 per year for every $1,000 invested. This is lower than average because BBAX is passively managed, tracking an index rather than relying on active stock picking.

What would affect this ETF?BBAX could benefit from economic growth in developed Asia-Pacific countries like Australia and Singapore, especially if sectors like financials and materials, which dominate its holdings, perform well. However, challenges such as rising interest rates or regulatory changes in these regions could negatively impact financial institutions and real estate, which are significant components of the ETF. Global economic uncertainty or trade tensions could also affect the ETF's performance given its exposure to export-driven economies.

BBAX Top 10 Holdings

BBAX is largely steered by big Australian and Asian financials, so banks are the main drivers of the ride. Commonwealth Bank, Westpac, and National Australia Bank have been losing steam lately, acting as a brake on returns, even as Singapore’s DBS and Hong Kong Exchanges & Clearing provide a steadier, rising counterweight. BHP has been a bright spot from the materials side, helping offset some of the banking drag. With most exposure in developed Asia-Pacific markets like Australia, Hong Kong, and Singapore, the fund is regionally focused and heavily tilted toward financials.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
CBA	Commonwealth Bank of Australia	8.58%	$538.91M	AU$265.38B	-4.36%	64 Neutral
BHP	BHP Group Ltd	7.93%	$498.40M	AU$255.20B	44.85%	68 Neutral
1299	AIA Group	5.25%	$329.86M	HK$900.02B	45.45%	72 Outperform
NAB	National Australia Bank Limited	4.36%	$273.75M	AU$134.53B	29.95%	64 Neutral
WBC	Westpac Banking	4.36%	$273.70M	AU$134.18B	32.77%	69 Neutral
D05	DBS Group Holdings	4.24%	$266.21M	S$163.91B	43.38%	78 Outperform
ANZ	ANZ Group Holdings	3.55%	$222.87M	AU$110.49B	33.98%	70 Outperform
WES	Wesfarmers Limited	3.19%	$200.58M	AU$99.09B	27.27%	68 Neutral
0388	Hong Kong Exchanges & Clearing	2.91%	$182.58M	HK$527.94B	28.90%	69 Neutral
CSL	CSL	2.64%	$165.70M	AU$83.15B	-21.64%	75 Outperform

BBAX Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

57.90

Positive

100DMA

56.70

Positive

200DMA

54.95

Positive

Market Momentum

MACD

1.29

Negative

RSI

72.87

Negative

STOCH

93.68

Negative

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For BBAX, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 60.22, equal to the 50-day MA of 57.90, and equal to the 200-day MA of 54.95, indicating a bullish trend. The MACD of 1.29 indicates Negative momentum. The RSI at 72.87 is Negative, neither overbought nor oversold. The STOCH value of 93.68 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BBAX.

BBAX Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
BBAX	―	―	$6.33B	0.19%	―
INDA	―	―	$9.42B	0.61%	―
VPL	―	―	$9.34B	0.07%	―
MCHI	―	―	$7.81B	0.59%	―
DXJ	―	―	$6.36B	0.48%	―
EPP	―	―	$2.08B	0.47%	―

Performance Comparison

BBAX

JPMorgan BetaBuilders Developed Asia ex-Japan ETF

63.05

13.49

27.22%

INDA

iShares MSCI India ETF

―

VPL

Vanguard FTSE Pacific ETF

―

MCHI

iShares MSCI China ETF

―

DXJ

WisdomTree Japan Hedged Equity Fund

―

EPP

iShares MSCI Pacific ex-Japan ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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