BBDD.L vs. JMBP.L

Last updated Jun 5, 2026

BBDD.L (JPMorgan BetaBuilders US Equity UCITS ETF (Dist)) and JMBP.L (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist)) are both exchange-traded funds - BBDD.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while JMBP.L is a Emerging Markets Bonds fund tracking the JP Morgan Emerging Markets Risk-Aware Bond (GBP Hedged). Both are passively managed. Over the past 5 years, BBDD.L returned 14.50%/yr vs 0.77%/yr for JMBP.L. At a 0.35 correlation, their price movements are largely independent. BBDD.L charges 0.05%/yr vs 0.39%/yr for JMBP.L.

Performance

BBDD.L vs. JMBP.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 JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BBDD.L is traded in GBp, while JMBP.L is traded in GBP. To make them comparable, the JMBP.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 10.30% return, which is significantly higher than JMBP.L's 1.62% return.

BBDD.L

• 1D: 0.06%
• 1M: 5.57%
• YTD: 10.30%
• 6M: 10.10%
• 1Y: 28.61%
• 3Y*: 19.09%
• 5Y*: 14.50%
• 10Y*: —

JMBP.L

• 1D: 0.24%
• 1M: 1.00%
• YTD: 1.62%
• 6M: 1.99%
• 1Y: 10.82%
• 3Y*: 7.54%
• 5Y*: 0.77%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BBDD.L JPMorgan BetaBuilders US Equity UCITS ETF (Dist)	10.30%	9.41%	27.20%	20.72%	-10.45%	29.23%	16.11%	2.52%
JMBP.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist)	1.62%	13.12%	1.60%	8.37%	-17.57%	-2.86%	3.66%	2.41%

Correlation

The correlation between BBDD.L and JMBP.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Dec 11, 2019	0.35

The correlation between BBDD.L and JMBP.L shifts across timeframes, from 0.27 (3 years) to 0.39 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BBDD.L vs. JMBP.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: 79
BBDD.L Sharpe Ratio Rank: 84
BBDD.L Sortino Ratio Rank: 81
BBDD.L Omega Ratio Rank: 84
BBDD.L Calmar Ratio Rank: 74
BBDD.L Martin Ratio Rank: 70

JMBP.L

JMBP.L Risk / Return Rank: 60
JMBP.L Sharpe Ratio Rank: 59
JMBP.L Sortino Ratio Rank: 69
JMBP.L Omega Ratio Rank: 67
JMBP.L Calmar Ratio Rank: 49
JMBP.L Martin Ratio Rank: 59

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. JMBP.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 JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.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.

	BBDD.L	JMBP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.69	1.99	+0.71
Sortino ratio: Return per unit of downside risk	3.60	3.08	+0.51
Omega ratio: Gain probability vs. loss probability	1.50	1.39	+0.11
Calmar ratio: Return relative to maximum drawdown	3.66	2.38	+1.28
Martin ratio: Return relative to average drawdown	12.78	10.19	+2.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current BBDD.L Sharpe Ratio is 2.69, which is higher than the JMBP.L Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of BBDD.L and JMBP.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.

Sharpe Ratios by Period

	BBDD.L	JMBP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.69	1.99	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.00	0.09	+0.91
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.11	+0.85

Drawdowns

BBDD.L vs. JMBP.L - Drawdown Comparison

The maximum BBDD.L drawdown since its inception was -25.72%, smaller than the maximum JMBP.L drawdown of -27.19%. Use the drawdown chart below to compare losses from any high point for BBDD.L and JMBP.L.

Drawdown Indicators

	BBDD.L	JMBP.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.72%	-27.19%	+1.47%
Max Drawdown (1Y) Largest decline over 1 year	-7.78%	-4.52%	-3.26%
Max Drawdown (3Y) Largest decline over 3 years	-21.41%	-7.61%	-13.80%
Max Drawdown (5Y) Largest decline over 5 years	-21.41%	-26.88%	+5.47%
Current Drawdown Current decline from peak	-0.16%	-0.08%	-0.08%
Average Drawdown Average peak-to-trough decline	-3.72%	-9.99%	+6.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	1.06%	+1.17%

Volatility

BBDD.L vs. JMBP.L - Volatility Comparison

JPMorgan BetaBuilders US Equity UCITS ETF (Dist) (BBDD.L) has a higher volatility of 2.63% compared to JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.L) at 1.96%. This indicates that BBDD.L's price experiences larger fluctuations and is considered to be riskier than JMBP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBDD.L	JMBP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.63%	1.96%	+0.67%
Volatility (6M) Calculated over the trailing 6-month period	7.24%	4.53%	+2.71%
Volatility (1Y) Calculated over the trailing 1-year period	10.57%	5.44%	+5.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.47%	8.49%	+5.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.17%	10.58%	+5.59%

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

BBDD.L has a 0.05% expense ratio, which is lower than JMBP.L's 0.39% expense ratio.

Dividends

BBDD.L vs. JMBP.L - Dividend Comparison

BBDD.L's dividend yield for the trailing twelve months is around 0.99%, less than JMBP.L's 5.75% yield.

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%
JMBP.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist)	5.75%	5.61%	5.83%	5.24%	5.16%	3.70%	4.42%	0.00%

Frequently Asked Questions

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

BBDD.L and JMBP.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BBDD.L or JMBP.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 JMBP.L?

BBDD.L is cheaper with a 0.05% expense ratio, compared with 0.39% for JMBP.L.

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

BBDD.L is categorized as Large Cap Blend Equities, while JMBP.L is Emerging Markets Bonds. BBDD.L tracks Russell 1000 TR USD, while JMBP.L tracks JP Morgan Emerging Markets Risk-Aware Bond (GBP Hedged). Their fees differ too: 0.05% for BBDD.L and 0.39% for JMBP.L.