BBCA vs. SPYV

Last updated Jun 23, 2026

BBCA (JPMorgan BetaBuilders Canada ETF) and SPYV (SPDR Portfolio S&P 500 Value ETF) are both exchange-traded funds - BBCA is a Canada Equities fund tracking the Morningstar Canada Target Market Exposure Index, while SPYV is a S&P 500 fund tracking the S&P 500 Value Index. Both are passively managed. Over the past 5 years, BBCA returned 11.44%/yr vs 11.43%/yr for SPYV. A 0.77 correlation means they provide meaningful diversification when combined. BBCA charges 0.19%/yr vs 0.04%/yr for SPYV.

Performance

BBCA vs. SPYV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Canada ETF (BBCA) and SPDR Portfolio S&P 500 Value ETF (SPYV). 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 7.92% return and SPYV slightly lower at 7.78%.

BBCA

• 1D: 0.02%
• 1M: -0.46%
• YTD: 7.92%
• 6M: 7.49%
• 1Y: 28.87%
• 3Y*: 21.65%
• 5Y*: 11.44%
• 10Y*: —

SPYV

• 1D: 0.21%
• 1M: -0.13%
• YTD: 7.78%
• 6M: 7.25%
• 1Y: 21.31%
• 3Y*: 15.28%
• 5Y*: 11.43%
• 10Y*: 12.14%

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

BBCA vs. SPYV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BBCA JPMorgan BetaBuilders Canada ETF	7.92%	34.40%	12.79%	14.92%	-12.53%	28.16%	6.20%	28.93%	-15.39%
SPYV SPDR Portfolio S&P 500 Value ETF	7.78%	13.18%	12.24%	22.20%	-5.28%	24.91%	1.38%	31.70%	-11.12%

Correlation

The correlation between BBCA and SPYV is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Aug 8, 2018	0.77

The correlation between BBCA and SPYV shifts across timeframes, from 0.65 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.

BBCA vs. SPYV - Sectors Allocation Comparison

Sectors	BBCA	SPYV
Financial Services	39.2%	14.5%
Energy	17.9%	7.0%
Basic Materials	14.9%	3.3%
Industrials	9.7%	10.5%
Technology	8.4%	22.4%
Consumer Cyclical	3.6%	11.1%
Consumer Defensive	3.1%	8.9%
Utilities	1.9%	4.3%
Communication Services	1.2%	3.2%
Healthcare	0.2%	11.5%
Real Estate	0.2%	3.4%

Return for Risk

BBCA vs. SPYV — 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: 66
BBCA Sortino Ratio Rank: 61
BBCA Omega Ratio Rank: 62
BBCA Calmar Ratio Rank: 71
BBCA Martin Ratio Rank: 76

SPYV

SPYV Risk / Return Rank: 69
SPYV Sharpe Ratio Rank: 68
SPYV Sortino Ratio Rank: 69
SPYV Omega Ratio Rank: 67
SPYV Calmar Ratio Rank: 71
SPYV Martin Ratio Rank: 72

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. SPYV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Canada ETF (BBCA) and SPDR Portfolio S&P 500 Value ETF (SPYV). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BBCA	SPYV	Difference
Sharpe ratio: Return per unit of total volatility	2.09	2.15	-0.05
Sortino ratio: Return per unit of downside risk	2.77	3.00	-0.23
Omega ratio: Gain probability vs. loss probability	1.37	1.39	-0.02
Calmar ratio: Return relative to maximum drawdown	3.44	3.44	0.00
Martin ratio: Return relative to average drawdown	13.97	13.11	+0.86

BBCA vs. SPYV - Sharpe Ratio Comparison

The current BBCA Sharpe Ratio is 2.09, which is comparable to the SPYV Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of BBCA and SPYV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BBCA vs. SPYV - Drawdown Comparison

The maximum BBCA drawdown since its inception was -42.81%, smaller than the maximum SPYV drawdown of -58.45%. Use the drawdown chart below to compare losses from any high point for BBCA and SPYV.

Drawdown Indicators

	BBCA	SPYV	Difference
Max Drawdown Largest peak-to-trough decline	-42.81%	-58.45%	+15.64%
Max Drawdown (1Y) Largest decline over 1 year	-8.43%	-6.22%	-2.21%
Max Drawdown (3Y) Largest decline over 3 years	-12.77%	-17.54%	+4.77%
Max Drawdown (5Y) Largest decline over 5 years	-24.43%	-17.89%	-6.54%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.89%	—
Current Drawdown Current decline from peak	-2.07%	-0.96%	-1.11%
Average Drawdown Average peak-to-trough decline	-5.84%	-8.70%	+2.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	1.63%	+0.44%

Volatility

BBCA vs. SPYV - Volatility Comparison

JPMorgan BetaBuilders Canada ETF (BBCA) has a higher volatility of 4.13% compared to SPDR Portfolio S&P 500 Value ETF (SPYV) at 2.88%. This indicates that BBCA's price experiences larger fluctuations and is considered to be riskier than SPYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBCA	SPYV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	2.88%	+1.25%
Volatility (6M) Calculated over the trailing 6-month period	11.21%	7.32%	+3.89%
Volatility (1Y) Calculated over the trailing 1-year period	13.87%	9.98%	+3.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.72%	14.38%	+2.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.11%	16.95%	+3.16%

BBCA vs. SPYV - Expense Ratio Comparison

BBCA has a 0.19% expense ratio, which is higher than SPYV's 0.04% 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. SPYV - Dividend Comparison

BBCA's dividend yield for the trailing twelve months is around 1.75%, less than SPYV's 2.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBCA JPMorgan BetaBuilders Canada ETF	1.75%	1.83%	2.36%	2.51%	2.65%	2.17%	2.41%	2.32%	1.21%	0.00%	0.00%	0.00%
SPYV SPDR Portfolio S&P 500 Value ETF	2.14%	1.77%	2.29%	1.75%	2.22%	2.10%	2.38%	2.25%	2.97%	2.77%	2.39%	2.53%

Frequently Asked Questions

Can I hold both BBCA and SPYV in my portfolio?

BBCA and SPYV have a correlation of 0.65, 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 SPYV?

BBCA has higher volatility (4.13%) compared to SPYV (2.88%). In terms of maximum drawdown, BBCA dropped -42.81% vs SPYV's -58.45%.

Which ETF is better, BBCA or SPYV?

On 5-year performance, BBCA leads with 11.44% vs 11.43% for SPYV. On fees, SPYV is cheaper at 0.04% per year. On volatility, SPYV has been the lower-risk option at 2.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBCA or SPYV?

Over the 5-year period, BBCA has performed better with a 11.44% return vs 11.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBCA or SPYV?

SPYV is cheaper with a 0.04% expense ratio, compared with 0.19% for BBCA.

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

SPYV has the higher dividend yield at 2.14%, compared with 1.75% for BBCA.

What is the main difference between BBCA and SPYV?

BBCA is categorized as Canada Equities, while SPYV is S&P 500. BBCA tracks Morningstar Canada Target Market Exposure Index, while SPYV tracks S&P 500 Value Index. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.19% for BBCA and 0.04% for SPYV.

Which has better risk-adjusted returns?

SPYV currently has the higher Sharpe Ratio (2.15 vs 2.09), 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.