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BBDD.L vs. MXUS.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BBDD.L vs. MXUS.L

Last updated Jun 5, 2026

BBDD.L (JPMorgan BetaBuilders US Equity UCITS ETF (Dist)) and MXUS.L (Invesco MSCI USA UCITS ETF) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from JPMorgan and Invesco respectively. Both are passively managed. Over the past 5 years, BBDD.L returned 14.50%/yr vs 14.80%/yr for MXUS.L. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.05% expense ratio.

Performance

BBDD.L vs. MXUS.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 Invesco MSCI USA UCITS ETF (MXUS.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

The year-to-date returns for both investments are quite close, with BBDD.L having a 10.30% return and MXUS.L slightly higher at 10.76%.

BBDD.L

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

MXUS.L

1D
0.02%
1M
5.55%
YTD
10.76%
6M
10.22%
1Y
28.98%
3Y*
19.40%
5Y*
14.80%
10Y*
16.19%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
BBDD.L
JPMorgan BetaBuilders US Equity UCITS ETF (Dist)		10.30%9.41%27.20%20.72%-10.45%29.23%16.11%11.88%
MXUS.L
Invesco MSCI USA UCITS ETF		10.76%8.98%27.76%21.45%-10.52%29.11%17.43%11.62%

Correlation

The correlation between BBDD.L and MXUS.L is 0.91, 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

0.91

Correlation (3Y)
Calculated over the trailing 3-year period

0.93

Correlation (5Y)
Calculated over the trailing 5-year period

0.92

Correlation (All Time)
Calculated using the full available price history since Apr 11, 2019

0.93

The correlation between BBDD.L and MXUS.L has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

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

Sectors
BBDD.L
MXUS.L

Technology

35.4%
35.4%

Financial Services

11.8%
11.6%

Communication Services

11.5%
11.3%

Consumer Cyclical

10.1%
10.1%

Healthcare

8.6%
8.6%

Industrials

8.4%
8.6%

Consumer Defensive

4.8%
4.8%

Energy

3.6%
3.6%

Utilities

2.3%
2.3%

Real Estate

1.8%
1.9%

Basic Materials

1.7%
1.8%

Technology

BBDD.L
35.4%
MXUS.L
35.4%

Financial Services

BBDD.L
11.8%
MXUS.L
11.6%

Communication Services

BBDD.L
11.5%
MXUS.L
11.3%

Consumer Cyclical

BBDD.L
10.1%
MXUS.L
10.1%

Healthcare

BBDD.L
8.6%
MXUS.L
8.6%

Industrials

BBDD.L
8.4%
MXUS.L
8.6%

Consumer Defensive

BBDD.L
4.8%
MXUS.L
4.8%

Energy

BBDD.L
3.6%
MXUS.L
3.6%

Utilities

BBDD.L
2.3%
MXUS.L
2.3%

Real Estate

BBDD.L
1.8%
MXUS.L
1.9%

Basic Materials

BBDD.L
1.7%
MXUS.L
1.8%

Compare stocks, funds, or ETFs

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JPMorgan BetaBuilders US Equity UCITS ETF (Dist)

Invesco MSCI USA UCITS ETF

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Often compared with MXUS.L:
MXUS.L vs. USSC.LMXUS.L vs. BIRDXMXUS.L vs. INAA.LMXUS.L vs. UC96.LMXUS.L vs. QUALMXUS.L vs. VOOMXUS.L vs. ACWI

Return for Risk

BBDD.L vs. MXUS.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: 7979
Overall Rank
BBDD.L Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
BBDD.L Sortino Ratio Rank: 8181
Sortino Ratio Rank
BBDD.L Omega Ratio Rank: 8484
Omega Ratio Rank
BBDD.L Calmar Ratio Rank: 7474
Calmar Ratio Rank
BBDD.L Martin Ratio Rank: 7070
Martin Ratio Rank
MXUS.L
MXUS.L Risk / Return Rank: 7474
Overall Rank
MXUS.L Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
MXUS.L Sortino Ratio Rank: 7878
Sortino Ratio Rank
MXUS.L Omega Ratio Rank: 7474
Omega Ratio Rank
MXUS.L Calmar Ratio Rank: 6868
Calmar Ratio Rank
MXUS.L Martin Ratio Rank: 7575
Martin Ratio Rank
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. MXUS.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 Invesco MSCI USA UCITS ETF (MXUS.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.LMXUS.LDifference
Sharpe ratioReturn per unit of total volatility
2.69
2.42

+0.27

Sortino ratioReturn per unit of downside risk
3.60
3.26

+0.33

Omega ratioGain probability vs. loss probability

1.50

1.45

+0.06

Calmar ratioReturn relative to maximum drawdown

3.66

3.80

-0.14

Martin ratioReturn relative to average drawdown

12.78

12.47

+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.

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

The current BBDD.L Sharpe Ratio is 2.69, which is comparable to the MXUS.L Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of BBDD.L and MXUS.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.

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Sharpe Ratios by Period

BBDD.LMXUS.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.69

2.42

+0.27

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.00

0.95

+0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.97

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.96

1.02

-0.06

Drawdowns

BBDD.L vs. MXUS.L - Drawdown Comparison

The maximum BBDD.L drawdown since its inception was -25.72%, roughly equal to the maximum MXUS.L drawdown of -26.52%. Use the drawdown chart below to compare losses from any high point for BBDD.L and MXUS.L.

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Drawdown Indicators

BBDD.LMXUS.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.72%

-26.52%

+0.80%

Max Drawdown (1Y)

Largest decline over 1 year

-7.78%

-7.59%

-0.19%

Max Drawdown (3Y)

Largest decline over 3 years

-21.41%

-21.41%

0.00%

Max Drawdown (5Y)

Largest decline over 5 years

-21.41%

-21.41%

0.00%

Max Drawdown (10Y)

Largest decline over 10 years

—

-26.52%

—

Current Drawdown

Current decline from peak

-0.16%

-0.09%

-0.07%

Average Drawdown

Average peak-to-trough decline

-3.72%

-3.30%

-0.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.23%

2.32%

-0.09%

Volatility

BBDD.L vs. MXUS.L - Volatility Comparison

The current volatility for JPMorgan BetaBuilders US Equity UCITS ETF (Dist) (BBDD.L) is 2.63%, while Invesco MSCI USA UCITS ETF (MXUS.L) has a volatility of 3.47%. This indicates that BBDD.L experiences smaller price fluctuations and is considered to be less risky than MXUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BBDD.LMXUS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.63%

3.47%

-0.84%

Volatility (6M)

Calculated over the trailing 6-month period

7.24%

8.61%

-1.37%

Volatility (1Y)

Calculated over the trailing 1-year period

10.57%

11.90%

-1.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.47%

15.66%

-1.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.17%

16.66%

-0.49%

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

Both BBDD.L and MXUS.L have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

BBDD.L vs. MXUS.L - Dividend Comparison

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

PositionTTM2025202420232022202120202019
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%
MXUS.L
Invesco MSCI USA UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.91, BBDD.L and MXUS.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.

Both ETFs have the same 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

BBDD.L and MXUS.L have the same expense ratio: 0.05% per year.

Both ETFs track Russell 1000 TR USD. They also come from different issuers: JPMorgan and Invesco.

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