BBEM vs. BBUS
BBEM (JPMorgan Betabuilders Emerging Markets Equity ETF) and BBUS (JPMorgan BetaBuilders U.S. Equity ETF) are both exchange-traded funds - BBEM is a Emerging Markets Diversified fund tracking the Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net, while BBUS is a Large Cap Blend Equities fund tracking the Morningstar US Target Market Exposure Index. Both are passively managed. Over the past 3 years, BBEM returned 18.48%/yr vs 20.14%/yr for BBUS. A 0.67 correlation means they provide meaningful diversification when combined. BBEM charges 0.15%/yr vs 0.02%/yr for BBUS.
Performance
BBEM vs. BBUS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BBEM achieves a 18.28% return, which is significantly higher than BBUS's 10.07% return.
BBEM
- 1D
- -3.47%
- 1M
- -3.97%
- 6M
- 11.88%
- YTD
- 18.28%
- 1Y
- 35.68%
- 3Y*
- 18.48%
- 5Y*
- —
- 10Y*
- —
BBUS
- 1D
- -0.78%
- 1M
- 1.32%
- 6M
- 7.98%
- YTD
- 10.07%
- 1Y
- 20.96%
- 3Y*
- 20.14%
- 5Y*
- 12.52%
- 10Y*
- —
BBEM vs. BBUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 18.28% | 32.43% | 5.61% | 6.01% |
BBUS JPMorgan BetaBuilders U.S. Equity ETF | 10.07% | 17.77% | 24.89% | 17.22% |
Correlation
The correlation between BBEM and BBUS is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 11, 2023 | 0.67 |
The correlation between BBEM and BBUS has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BBEM vs. BBUS — Risk / Return Rank
BBEM
BBUS
BBEM vs. BBUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and JPMorgan BetaBuilders U.S. Equity ETF (BBUS). 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.
| BBEM | BBUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.29 | +0.45 |
| Martin ratioReturn relative to average drawdown | 9.53 | 9.85 | -0.32 |
Loading charts...
Drawdowns
BBEM vs. BBUS - Drawdown Comparison
The maximum BBEM drawdown since its inception was -17.42%, smaller than the maximum BBUS drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for BBEM and BBUS.
Loading charts...
Drawdown Indicators
| BBEM | BBUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.42% | -35.35% | +17.93% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | -9.21% | -3.91% |
Max Drawdown (3Y)Largest decline over 3 years | -17.42% | -19.01% | +1.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.46% | — |
Current DrawdownCurrent decline from peak | -8.67% | -1.22% | -7.45% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -5.41% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 2.13% | +1.62% |
Volatility
BBEM vs. BBUS - Volatility Comparison
JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) has a higher volatility of 11.10% compared to JPMorgan BetaBuilders U.S. Equity ETF (BBUS) at 4.10%. This indicates that BBEM's price experiences larger fluctuations and is considered to be riskier than BBUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BBEM | BBUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.10% | 4.10% | +7.00% |
Volatility (6M)Calculated over the trailing 6-month period | 21.20% | 10.02% | +11.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.11% | 12.60% | +10.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.66% | 17.15% | +1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.66% | 19.54% | -0.88% |
BBEM vs. BBUS - Expense Ratio Comparison
BBEM has a 0.15% expense ratio, which is higher than BBUS's 0.02% 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
BBEM vs. BBUS - Dividend Comparison
BBEM's dividend yield for the trailing twelve months is around 4.90%, more than BBUS's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 4.90% | 5.86% | 2.73% | 1.94% | 0.00% | 0.00% | 0.00% | 0.00% |
BBUS JPMorgan BetaBuilders U.S. Equity ETF | 1.01% | 1.07% | 1.21% | 1.38% | 1.57% | 1.11% | 1.43% | 1.37% |
Frequently Asked Questions
BBEM and BBUS have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBEM has higher volatility (11.10%) compared to BBUS (4.10%). In terms of maximum drawdown, BBEM dropped -17.42% vs BBUS's -35.35%.
On 3-year performance, BBUS leads with 20.14% vs 18.48% for BBEM. On fees, BBUS is cheaper at 0.02% per year. On volatility, BBUS has been the lower-risk option at 4.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BBUS has performed better with a 20.14% return vs 18.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBUS is cheaper with a 0.02% expense ratio, compared with 0.15% for BBEM.
BBEM has the higher dividend yield at 4.90%, compared with 1.01% for BBUS.
BBEM is categorized as Emerging Markets Diversified, while BBUS is Large Cap Blend Equities. BBEM tracks Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net, while BBUS tracks Morningstar US Target Market Exposure Index. Their fees differ too: 0.15% for BBEM and 0.02% for BBUS.
BBUS currently has the higher Sharpe Ratio (1.67 vs 1.55), 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.
Find the right allocation for BBEM and BBUS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer