BBDD.L vs. FLXU.L

Last updated Jun 25, 2026

BBDD.L (JPMorgan BetaBuilders US Equity UCITS ETF (Dist)) and FLXU.L (Franklin LibertyQ U.S. Equity UCITS ETF) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from JPMorgan and Franklin Templeton respectively. Both are passively managed. Over the past 5 years, BBDD.L returned 13.69%/yr vs 12.88%/yr for FLXU.L. Their correlation of 0.91 suggests significant overlap in exposure. BBDD.L charges 0.05%/yr vs 0.25%/yr for FLXU.L.

Performance

BBDD.L vs. FLXU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan BetaBuilders US Equity UCITS ETF (Dist) (BBDD.L) and Franklin LibertyQ U.S. Equity UCITS ETF (FLXU.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BBDD.L is traded in GBp, while FLXU.L is traded in GBP. To make them comparable, the FLXU.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, BBDD.L achieves a 10.28% return, which is significantly lower than FLXU.L's 12.34% return.

BBDD.L

• 1D: 0.89%
• 1M: 1.25%
• YTD: 10.28%
• 6M: 10.44%
• 1Y: 26.91%
• 3Y*: 19.47%
• 5Y*: 13.69%
• 10Y*: —

FLXU.L

• 1D: -0.94%
• 1M: 1.10%
• YTD: 12.34%
• 6M: 12.16%
• 1Y: 29.17%
• 3Y*: 16.14%
• 5Y*: 12.88%
• 10Y*: —

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

BBDD.L vs. FLXU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BBDD.L JPMorgan BetaBuilders US Equity UCITS ETF (Dist)	10.28%	9.41%	27.20%	20.72%	-10.45%	29.23%	16.11%	11.80%
FLXU.L Franklin LibertyQ U.S. Equity UCITS ETF	12.34%	13.11%	12.50%	8.51%	2.19%	28.57%	5.69%	10.16%

Correlation

The correlation between BBDD.L and FLXU.L is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Apr 10, 2019	0.91

The correlation between BBDD.L and FLXU.L has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.

BBDD.L vs. FLXU.L - Sectors Allocation Comparison

Sectors	BBDD.L	FLXU.L
Technology	35.4%	37.1%
Financial Services	11.8%	10.1%
Communication Services	11.5%	11.2%
Consumer Cyclical	10.1%	11.0%
Healthcare	8.6%	10.0%
Industrials	8.4%	10.1%
Consumer Defensive	4.8%	4.1%
Energy	3.6%	0.9%
Utilities	2.3%	1.4%
Real Estate	1.8%	2.7%
Basic Materials	1.7%	1.6%

Return for Risk

BBDD.L vs. FLXU.L — Risk / Return Rank

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

BBDD.L

BBDD.L Risk / Return Rank: 80
BBDD.L Sharpe Ratio Rank: 85
BBDD.L Sortino Ratio Rank: 83
BBDD.L Omega Ratio Rank: 85
BBDD.L Calmar Ratio Rank: 76
BBDD.L Martin Ratio Rank: 72

FLXU.L

FLXU.L Risk / Return Rank: 90
FLXU.L Sharpe Ratio Rank: 89
FLXU.L Sortino Ratio Rank: 89
FLXU.L Omega Ratio Rank: 88
FLXU.L Calmar Ratio Rank: 91
FLXU.L Martin Ratio Rank: 91

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.

BBDD.L vs. FLXU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders US Equity UCITS ETF (Dist) (BBDD.L) and Franklin LibertyQ U.S. Equity UCITS ETF (FLXU.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.

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.

	BBDD.L	FLXU.L	Difference
Sharpe ratio: Return per unit of total volatility	2.44	2.59	-0.16
Sortino ratio: Return per unit of downside risk	3.28	3.60	-0.32
Omega ratio: Gain probability vs. loss probability	1.45	1.48	-0.02
Calmar ratio: Return relative to maximum drawdown	3.44	5.10	-1.66
Martin ratio: Return relative to average drawdown	11.85	18.29	-6.45

BBDD.L vs. FLXU.L - Sharpe Ratio Comparison

The current BBDD.L Sharpe Ratio is 2.44, which is comparable to the FLXU.L Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of BBDD.L and FLXU.L, 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

BBDD.L vs. FLXU.L - Drawdown Comparison

The maximum BBDD.L drawdown since its inception was -25.72%, roughly equal to the maximum FLXU.L drawdown of -24.72%. Use the drawdown chart below to compare losses from any high point for BBDD.L and FLXU.L.

Drawdown Indicators

	BBDD.L	FLXU.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.72%	-24.72%	-1.00%
Max Drawdown (1Y) Largest decline over 1 year	-7.78%	-5.90%	-1.88%
Max Drawdown (3Y) Largest decline over 3 years	-21.41%	-20.13%	-1.28%
Max Drawdown (5Y) Largest decline over 5 years	-21.41%	-20.13%	-1.28%
Current Drawdown Current decline from peak	-0.55%	-1.31%	+0.76%
Average Drawdown Average peak-to-trough decline	-3.69%	-2.80%	-0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	1.65%	+0.62%

Volatility

BBDD.L vs. FLXU.L - Volatility Comparison

JPMorgan BetaBuilders US Equity UCITS ETF (Dist) (BBDD.L) and Franklin LibertyQ U.S. Equity UCITS ETF (FLXU.L) have volatilities of 3.61% and 3.58%, 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

	BBDD.L	FLXU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.61%	3.58%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	7.78%	8.59%	-0.81%
Volatility (1Y) Calculated over the trailing 1-year period	11.00%	11.60%	-0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.53%	13.12%	+1.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.10%	14.88%	+1.22%

BBDD.L vs. FLXU.L - Expense Ratio Comparison

BBDD.L has a 0.05% expense ratio, which is lower than FLXU.L's 0.25% 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

BBDD.L vs. FLXU.L - Dividend Comparison

BBDD.L's dividend yield for the trailing twelve months is around 0.99%, while FLXU.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BBDD.L JPMorgan BetaBuilders US Equity UCITS ETF (Dist)	0.99%	1.12%	0.99%	1.31%	1.44%	0.94%	1.46%	0.79%
FLXU.L Franklin LibertyQ U.S. Equity UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBDD.L and FLXU.L in my portfolio?

With a correlation of 0.94, BBDD.L and FLXU.L 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 ETF is better, BBDD.L or FLXU.L?

On fees, BBDD.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BBDD.L or FLXU.L?

BBDD.L is cheaper with a 0.05% expense ratio, compared with 0.25% for FLXU.L.

What is the main difference between BBDD.L and FLXU.L?

Both ETFs track Russell 1000 TR USD. They also come from different issuers: JPMorgan and Franklin Templeton. Their fees differ too: 0.05% for BBDD.L and 0.25% for FLXU.L.