BBCA vs. FLCA

Last updated Jun 4, 2026

BBCA (JPMorgan BetaBuilders Canada ETF) and FLCA (Franklin FTSE Canada ETF) are both Canada Equities funds - BBCA tracks the Morningstar Canada Target Market Exposure Index while FLCA tracks the FTSE Canada RIC Capped Index. Both are passively managed. Over the past 5 years, BBCA returned 11.39%/yr vs 11.65%/yr for FLCA. With a 0.95 correlation, they move nearly in lockstep. BBCA charges 0.19%/yr vs 0.09%/yr for FLCA.

Performance

BBCA vs. FLCA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Canada ETF (BBCA) and Franklin FTSE Canada ETF (FLCA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with BBCA having a 8.72% return and FLCA slightly lower at 8.49%.

BBCA

• 1D: -1.27%
• 1M: 1.57%
• YTD: 8.72%
• 6M: 12.76%
• 1Y: 29.69%
• 3Y*: 21.63%
• 5Y*: 11.39%
• 10Y*: —

FLCA

• 1D: -1.52%
• 1M: 1.39%
• YTD: 8.49%
• 6M: 12.58%
• 1Y: 29.71%
• 3Y*: 21.86%
• 5Y*: 11.65%
• 10Y*: —

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

BBCA vs. FLCA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BBCA JPMorgan BetaBuilders Canada ETF	8.72%	34.40%	12.79%	14.92%	-12.53%	28.16%	6.20%	28.93%	-15.39%
FLCA Franklin FTSE Canada ETF	8.49%	34.62%	13.02%	14.71%	-11.93%	28.67%	6.31%	28.42%	-13.99%

Correlation

The correlation between BBCA and FLCA is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Aug 9, 2018	0.95

The correlation between BBCA and FLCA has been stable across timeframes, ranging from 0.95 to 0.99 - a consistent structural relationship.

BBCA vs. FLCA - Sectors Allocation Comparison

Sectors	BBCA	FLCA
Financial Services	38.4%	39.0%
Energy	18.8%	18.0%
Basic Materials	14.4%	15.7%
Industrials	9.9%	10.4%
Technology	8.4%	7.6%
Consumer Cyclical	3.8%	3.3%
Consumer Defensive	3.2%	2.9%
Utilities	2.0%	2.3%
Communication Services	1.1%	0.5%
Healthcare	0.2%	-
Real Estate	0.2%	0.2%

Return for Risk

BBCA vs. FLCA — Risk / Return Rank

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

BBCA

BBCA Risk / Return Rank: 67
BBCA Sharpe Ratio Rank: 65
BBCA Sortino Ratio Rank: 62
BBCA Omega Ratio Rank: 63
BBCA Calmar Ratio Rank: 70
BBCA Martin Ratio Rank: 76

FLCA

FLCA Risk / Return Rank: 65
FLCA Sharpe Ratio Rank: 63
FLCA Sortino Ratio Rank: 59
FLCA Omega Ratio Rank: 60
FLCA Calmar Ratio Rank: 70
FLCA Martin Ratio Rank: 75

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.

BBCA vs. FLCA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Canada ETF (BBCA) and Franklin FTSE Canada ETF (FLCA). 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.

	BBCA	FLCA	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.14	+0.07
Sortino ratio: Return per unit of downside risk	2.94	2.83	+0.11
Omega ratio: Gain probability vs. loss probability	1.39	1.37	+0.02
Calmar ratio: Return relative to maximum drawdown	3.54	3.49	+0.05
Martin ratio: Return relative to average drawdown	14.56	14.25	+0.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBCA vs. FLCA - Sharpe Ratio Comparison

The current BBCA Sharpe Ratio is 2.21, which is comparable to the FLCA Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of BBCA and FLCA, 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

	BBCA	FLCA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	2.14	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.70	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.60	0.00

Drawdowns

BBCA vs. FLCA - Drawdown Comparison

The maximum BBCA drawdown since its inception was -42.81%, roughly equal to the maximum FLCA drawdown of -41.51%. Use the drawdown chart below to compare losses from any high point for BBCA and FLCA.

Drawdown Indicators

	BBCA	FLCA	Difference
Max Drawdown Largest peak-to-trough decline	-42.81%	-41.51%	-1.30%
Max Drawdown (1Y) Largest decline over 1 year	-8.43%	-8.55%	+0.12%
Max Drawdown (3Y) Largest decline over 3 years	-12.77%	-12.58%	-0.19%
Max Drawdown (5Y) Largest decline over 5 years	-24.43%	-24.23%	-0.20%
Current Drawdown Current decline from peak	-1.27%	-1.52%	+0.25%
Average Drawdown Average peak-to-trough decline	-5.87%	-5.91%	+0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	2.09%	-0.05%

Volatility

BBCA vs. FLCA - Volatility Comparison

JPMorgan BetaBuilders Canada ETF (BBCA) and Franklin FTSE Canada ETF (FLCA) have volatilities of 3.38% and 3.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBCA	FLCA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	3.50%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	10.85%	11.15%	-0.30%
Volatility (1Y) Calculated over the trailing 1-year period	13.49%	13.94%	-0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.69%	16.71%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.14%	19.04%	+1.10%

BBCA vs. FLCA - Expense Ratio Comparison

BBCA has a 0.19% expense ratio, which is higher than FLCA's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BBCA vs. FLCA - Dividend Comparison

BBCA's dividend yield for the trailing twelve months is around 1.74%, more than FLCA's 1.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBCA JPMorgan BetaBuilders Canada ETF	1.74%	1.83%	2.36%	2.51%	2.65%	2.17%	2.41%	2.32%	1.21%	0.00%
FLCA Franklin FTSE Canada ETF	1.71%	1.85%	2.50%	2.49%	2.20%	2.02%	2.49%	2.29%	3.03%	0.09%

Frequently Asked Questions

Can I hold both BBCA and FLCA in my portfolio?

With a correlation of 0.99, BBCA and FLCA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BBCA or FLCA?

FLCA has higher volatility (3.50%) compared to BBCA (3.38%). In terms of maximum drawdown, BBCA dropped -42.81% vs FLCA's -41.51%.

Which ETF is better, BBCA or FLCA?

On 5-year performance, FLCA leads with 11.65% vs 11.39% for BBCA. On fees, FLCA is cheaper at 0.09% per year. On volatility, BBCA has been the lower-risk option at 3.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBCA or FLCA?

Over the 5-year period, FLCA has performed better with a 11.65% return vs 11.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBCA or FLCA?

FLCA is cheaper with a 0.09% expense ratio, compared with 0.19% for BBCA.

Which ETF pays a higher dividend yield, BBCA or FLCA?

BBCA has the higher dividend yield at 1.74%, compared with 1.71% for FLCA.

What is the main difference between BBCA and FLCA?

BBCA tracks Morningstar Canada Target Market Exposure Index, while FLCA tracks FTSE Canada RIC Capped Index. They also come from different issuers: JPMorgan and Franklin Templeton. Their fees differ too: 0.19% for BBCA and 0.09% for FLCA.

Which has better risk-adjusted returns?

BBCA currently has the higher Sharpe Ratio (2.21 vs 2.14), 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.