BB3M.L vs. EWSP.L
BB3M.L (JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD) and EWSP.L (iShares S&P 500 Equal Weight UCITS ETF USD (Acc)) are both exchange-traded funds - BB3M.L is a Ultrashort Bond fund actively managed by JPMorgan, while EWSP.L is a S&P 500 fund tracking the S&P 500 Equal Weight Index. BB3M.L is actively managed, while EWSP.L is passively managed. Over the past 3 years, BB3M.L returned 4.69%/yr vs 15.19%/yr for EWSP.L. At a 0.01 correlation, their price movements are largely independent. BB3M.L charges 0.07%/yr vs 0.20%/yr for EWSP.L.
Performance
BB3M.L vs. EWSP.L - Performance Comparison
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Different Trading Currencies
BB3M.L is traded in USD, while EWSP.L is traded in GBP. To make them comparable, the EWSP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BB3M.L achieves a 1.48% return, which is significantly lower than EWSP.L's 9.33% return.
BB3M.L
- 1D
- 0.05%
- 1M
- 0.34%
- YTD
- 1.48%
- 6M
- 1.88%
- 1Y
- 3.95%
- 3Y*
- 4.69%
- 5Y*
- 3.46%
- 10Y*
- —
EWSP.L
- 1D
- 0.46%
- 1M
- 3.89%
- YTD
- 9.33%
- 6M
- 10.91%
- 1Y
- 19.90%
- 3Y*
- 15.19%
- 5Y*
- —
- 10Y*
- —
BB3M.L vs. EWSP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BB3M.L JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD | 1.48% | 4.28% | 5.24% | 4.94% | 1.23% |
EWSP.L iShares S&P 500 Equal Weight UCITS ETF USD (Acc) | 9.33% | 11.81% | 12.23% | 13.40% | -2.24% |
Correlation
The correlation between BB3M.L and EWSP.L is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2022 | 0.01 |
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Return for Risk
BB3M.L vs. EWSP.L — Risk / Return Rank
BB3M.L
EWSP.L
BB3M.L vs. EWSP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD (BB3M.L) and iShares S&P 500 Equal Weight UCITS ETF USD (Acc) (EWSP.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BB3M.L | EWSP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.89 | ||
| Sortino ratioReturn per unit of downside risk | +5.26 | ||
| Omega ratioGain probability vs. loss probability | 2.14 | 1.33 | +0.81 |
| Calmar ratioReturn relative to maximum drawdown | 28.84 | 2.78 | +26.05 |
| Martin ratioReturn relative to average drawdown | 103.10 | 10.06 | +93.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BB3M.L | EWSP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.80 | 1.91 | +2.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.40 | 0.80 | +2.60 |
Drawdowns
BB3M.L vs. EWSP.L - Drawdown Comparison
The maximum BB3M.L drawdown since its inception was -1.19%, smaller than the maximum EWSP.L drawdown of -18.34%. Use the drawdown chart below to compare losses from any high point for BB3M.L and EWSP.L.
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Drawdown Indicators
| BB3M.L | EWSP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.19% | -18.34% | +17.15% |
Max Drawdown (1Y)Largest decline over 1 year | -0.14% | -7.11% | +6.97% |
Max Drawdown (3Y)Largest decline over 3 years | -0.23% | -18.34% | +18.11% |
Max Drawdown (5Y)Largest decline over 5 years | -1.19% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -3.67% | +3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 1.97% | -1.93% |
Volatility
BB3M.L vs. EWSP.L - Volatility Comparison
The current volatility for JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD (BB3M.L) is 0.30%, while iShares S&P 500 Equal Weight UCITS ETF USD (Acc) (EWSP.L) has a volatility of 2.27%. This indicates that BB3M.L experiences smaller price fluctuations and is considered to be less risky than EWSP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BB3M.L | EWSP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.30% | 2.27% | -1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 0.63% | 7.06% | -6.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.82% | 10.39% | -9.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.99% | 14.44% | -13.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.96% | 14.44% | -13.48% |
BB3M.L vs. EWSP.L - Expense Ratio Comparison
BB3M.L has a 0.07% expense ratio, which is lower than EWSP.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BB3M.L vs. EWSP.L - Dividend Comparison
Neither BB3M.L nor EWSP.L has paid dividends to shareholders.
Frequently Asked Questions
BB3M.L and EWSP.L have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BB3M.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BB3M.L is cheaper with a 0.07% expense ratio, compared with 0.20% for EWSP.L.
BB3M.L is categorized as Ultrashort Bond, while EWSP.L is S&P 500. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.07% for BB3M.L and 0.20% for EWSP.L.
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