BBAG vs. JQUA

Last updated Jun 3, 2026

BBAG (JPMorgan BetaBuilders U.S. Aggregate Bond ETF) and JQUA (JPMorgan U.S. Quality Factor ETF) are both exchange-traded funds - BBAG is a Intermediate Core Bond fund tracking the Bloomberg US Aggregate Bond Index, while JQUA is a Large Cap Growth Equities fund tracking the JP Morgan US Quality Factor Index. Both are passively managed. Over the past 5 years, BBAG returned 0.10%/yr vs 13.95%/yr for JQUA. At a 0.10 correlation, their price movements are largely independent. BBAG charges 0.03%/yr vs 0.12%/yr for JQUA.

Performance

BBAG vs. JQUA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) and JPMorgan U.S. Quality Factor ETF (JQUA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBAG achieves a 0.41% return, which is significantly lower than JQUA's 14.28% return.

BBAG

• 1D: 0.03%
• 1M: 0.09%
• YTD: 0.41%
• 6M: 0.50%
• 1Y: 5.25%
• 3Y*: 3.94%
• 5Y*: 0.10%
• 10Y*: —

JQUA

• 1D: -0.17%
• 1M: 8.34%
• YTD: 14.28%
• 6M: 14.37%
• 1Y: 22.93%
• 3Y*: 20.58%
• 5Y*: 13.95%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBAG vs. JQUA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	0.41%	7.27%	1.26%	5.41%	-13.26%	-1.79%	7.31%	8.31%	1.00%
JQUA JPMorgan U.S. Quality Factor ETF	14.28%	11.69%	21.21%	25.13%	-13.45%	28.68%	16.56%	28.47%	-3.33%

Correlation

The correlation between BBAG and JQUA is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Dec 17, 2018	0.10

Over the past year, BBAG and JQUA have become more correlated (0.34) than their long-term average of 0.10, meaning their price movements have been converging.

BBAG vs. JQUA - Sectors Allocation Comparison

Sectors	BBAG	JQUA
Communication Services	46.6%	5.5%
Technology	12.0%	41.9%
Real Estate	6.8%	2.1%
Financial Services	6.5%	10.2%
Healthcare	2.6%	7.2%
Utilities	2.3%	2.3%
Consumer Cyclical	1.6%	9.2%
Industrials	1.6%	7.6%
Energy	1.2%	3.2%
Consumer Defensive	1.0%	5.3%
Basic Materials	0.5%	0.8%

Return for Risk

BBAG vs. JQUA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBAG

BBAG Risk / Return Rank: 37
BBAG Sharpe Ratio Rank: 38
BBAG Sortino Ratio Rank: 39
BBAG Omega Ratio Rank: 36
BBAG Calmar Ratio Rank: 36
BBAG Martin Ratio Rank: 35

JQUA

JQUA Risk / Return Rank: 63
JQUA Sharpe Ratio Rank: 60
JQUA Sortino Ratio Rank: 61
JQUA Omega Ratio Rank: 56
JQUA Calmar Ratio Rank: 64
JQUA Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBAG vs. JQUA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) and JPMorgan U.S. Quality Factor ETF (JQUA). 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.

	BBAG	JQUA	Difference
Sharpe ratio Return per unit of total volatility	1.35	2.06	-0.71
Sortino ratio Return per unit of downside risk	2.02	2.94	-0.92
Omega ratio Gain probability vs. loss probability	1.24	1.35	-0.11
Calmar ratio Return relative to maximum drawdown	1.82	3.23	-1.41
Martin ratio Return relative to average drawdown	5.50	13.63	-8.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBAG vs. JQUA - Sharpe Ratio Comparison

The current BBAG Sharpe Ratio is 1.35, which is lower than the JQUA Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of BBAG and JQUA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBAG	JQUA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	2.06	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	0.90	-0.88
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.83	-0.51

Drawdowns

BBAG vs. JQUA - Drawdown Comparison

The maximum BBAG drawdown since its inception was -18.73%, smaller than the maximum JQUA drawdown of -32.92%. Use the drawdown chart below to compare losses from any high point for BBAG and JQUA.

Drawdown Indicators

	BBAG	JQUA	Difference
Max Drawdown Largest peak-to-trough decline	-18.73%	-32.92%	+14.19%
Max Drawdown (1Y) Largest decline over 1 year	-2.78%	-7.13%	+4.35%
Max Drawdown (3Y) Largest decline over 3 years	-6.18%	-16.81%	+10.63%
Max Drawdown (5Y) Largest decline over 5 years	-18.06%	-22.47%	+4.41%
Current Drawdown Current decline from peak	-2.62%	-0.17%	-2.45%
Average Drawdown Average peak-to-trough decline	-6.22%	-4.16%	-2.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	1.69%	-0.77%

Volatility

BBAG vs. JQUA - Volatility Comparison

The current volatility for JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) is 1.27%, while JPMorgan U.S. Quality Factor ETF (JQUA) has a volatility of 2.84%. This indicates that BBAG experiences smaller price fluctuations and is considered to be less risky than JQUA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBAG	JQUA	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.27%	2.84%	-1.57%
Volatility (6M) Calculated over the trailing 6-month period	2.85%	8.31%	-5.46%
Volatility (1Y) Calculated over the trailing 1-year period	3.92%	11.21%	-7.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.92%	15.61%	-9.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.80%	17.99%	-12.19%

BBAG vs. JQUA - Expense Ratio Comparison

BBAG has a 0.03% expense ratio, which is lower than JQUA's 0.12% 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

BBAG vs. JQUA - Dividend Comparison

BBAG's dividend yield for the trailing twelve months is around 4.36%, more than JQUA's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	4.36%	4.29%	4.25%	3.60%	2.23%	1.44%	2.26%	2.92%	0.16%	0.00%
JQUA JPMorgan U.S. Quality Factor ETF	1.07%	1.19%	1.24%	1.21%	1.60%	1.32%	1.44%	1.67%	2.10%	0.40%

Frequently Asked Questions

Can I hold both BBAG and JQUA in my portfolio?

BBAG and JQUA have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBAG or JQUA?

JQUA has higher volatility (2.84%) compared to BBAG (1.27%). In terms of maximum drawdown, BBAG dropped -18.73% vs JQUA's -32.92%.

Which ETF is better, BBAG or JQUA?

On 5-year performance, JQUA leads with 13.95% vs 0.10% for BBAG. On fees, BBAG is cheaper at 0.03% per year. On volatility, BBAG has been the lower-risk option at 1.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBAG or JQUA?

Over the 5-year period, JQUA has performed better with a 13.95% return vs 0.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBAG or JQUA?

BBAG is cheaper with a 0.03% expense ratio, compared with 0.12% for JQUA.

Which ETF pays a higher dividend yield, BBAG or JQUA?

BBAG has the higher dividend yield at 4.36%, compared with 1.07% for JQUA.

What is the main difference between BBAG and JQUA?

BBAG is categorized as Intermediate Core Bond, while JQUA is Large Cap Growth Equities. BBAG tracks Bloomberg US Aggregate Bond Index, while JQUA tracks JP Morgan US Quality Factor Index. Their fees differ too: 0.03% for BBAG and 0.12% for JQUA.

Which has better risk-adjusted returns?

JQUA currently has the higher Sharpe Ratio (2.06 vs 1.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.