BBCA vs. QQQ

Last updated Jun 4, 2026

BBCA (JPMorgan BetaBuilders Canada ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - BBCA is a Canada Equities fund tracking the Morningstar Canada Target Market Exposure Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, BBCA returned 11.39%/yr vs 17.97%/yr for QQQ. A 0.63 correlation means they provide meaningful diversification when combined. BBCA charges 0.19%/yr vs 0.18%/yr for QQQ.

Performance

BBCA vs. QQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, BBCA achieves a 8.72% return, which is significantly lower than QQQ's 21.30% return.

BBCA

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

QQQ

• 1D: -0.26%
• 1M: 10.60%
• YTD: 21.30%
• 6M: 19.66%
• 1Y: 41.82%
• 3Y*: 28.78%
• 5Y*: 17.97%
• 10Y*: 21.94%

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

BBCA vs. QQQ - 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%
QQQ Invesco QQQ ETF	21.30%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-14.86%

Correlation

The correlation between BBCA and QQQ is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Aug 9, 2018	0.63

The correlation between BBCA and QQQ has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.

BBCA vs. QQQ - Sectors Allocation Comparison

Sectors	BBCA	QQQ
Financial Services	38.4%	0.2%
Energy	18.8%	0.6%
Basic Materials	14.4%	1.1%
Industrials	9.9%	2.8%
Technology	8.4%	53.8%
Consumer Cyclical	3.8%	12.3%
Consumer Defensive	3.2%	7.7%
Utilities	2.0%	1.4%
Communication Services	1.1%	15.8%
Healthcare	0.2%	4.2%
Real Estate	0.2%	0.1%

Return for Risk

BBCA vs. QQQ — 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

QQQ

QQQ Risk / Return Rank: 73
QQQ Sharpe Ratio Rank: 79
QQQ Sortino Ratio Rank: 75
QQQ Omega Ratio Rank: 74
QQQ Calmar Ratio Rank: 69
QQQ 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.

BBCA vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Canada ETF (BBCA) and Invesco QQQ ETF (QQQ). 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	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.64	-0.43
Sortino ratio: Return per unit of downside risk	2.94	3.45	-0.50
Omega ratio: Gain probability vs. loss probability	1.39	1.45	-0.06
Calmar ratio: Return relative to maximum drawdown	3.54	3.51	+0.03
Martin ratio: Return relative to average drawdown	14.56	13.49	+1.07
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. QQQ - Sharpe Ratio Comparison

The current BBCA Sharpe Ratio is 2.21, which is comparable to the QQQ Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of BBCA and QQQ, 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	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	2.64	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.81	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.41	+0.20

Drawdowns

BBCA vs. QQQ - Drawdown Comparison

The maximum BBCA drawdown since its inception was -42.81%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for BBCA and QQQ.

Drawdown Indicators

	BBCA	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-42.81%	-82.97%	+40.16%
Max Drawdown (1Y) Largest decline over 1 year	-8.43%	-11.96%	+3.53%
Max Drawdown (3Y) Largest decline over 3 years	-12.77%	-22.77%	+10.00%
Max Drawdown (5Y) Largest decline over 5 years	-24.43%	-35.12%	+10.69%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-1.27%	-0.26%	-1.01%
Average Drawdown Average peak-to-trough decline	-5.87%	-32.79%	+26.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	3.11%	-1.07%

Volatility

BBCA vs. QQQ - Volatility Comparison

The current volatility for JPMorgan BetaBuilders Canada ETF (BBCA) is 3.38%, while Invesco QQQ ETF (QQQ) has a volatility of 4.49%. This indicates that BBCA experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBCA	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	4.49%	-1.11%
Volatility (6M) Calculated over the trailing 6-month period	10.85%	12.10%	-1.25%
Volatility (1Y) Calculated over the trailing 1-year period	13.49%	15.94%	-2.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.69%	22.38%	-5.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.14%	22.29%	-2.15%

BBCA vs. QQQ - Expense Ratio Comparison

BBCA has a 0.19% expense ratio, which is higher than QQQ's 0.18% 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. QQQ - Dividend Comparison

BBCA's dividend yield for the trailing twelve months is around 1.74%, more than QQQ's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.38%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both BBCA and QQQ in my portfolio?

BBCA and QQQ have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBCA or QQQ?

QQQ has higher volatility (4.49%) compared to BBCA (3.38%). In terms of maximum drawdown, BBCA dropped -42.81% vs QQQ's -82.97%.

Which ETF is better, BBCA or QQQ?

On 5-year performance, QQQ leads with 17.97% vs 11.39% for BBCA. On fees, QQQ is cheaper at 0.18% 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 QQQ?

Over the 5-year period, QQQ has performed better with a 17.97% 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 QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.19% for BBCA.

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

BBCA has the higher dividend yield at 1.74%, compared with 0.38% for QQQ.

What is the main difference between BBCA and QQQ?

BBCA is categorized as Canada Equities, while QQQ is Nasdaq-100. BBCA tracks Morningstar Canada Target Market Exposure Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.19% for BBCA and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.64 vs 2.21), 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.