BBEM vs. JQUA

Last updated Jun 6, 2026

BBEM (JPMorgan Betabuilders Emerging Markets Equity ETF) and JQUA (JPMorgan U.S. Quality Factor 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 JQUA is a Large Cap Growth Equities fund tracking the JP Morgan US Quality Factor Index. Both are passively managed. Over the past 3 years, BBEM returned 19.56%/yr vs 19.44%/yr for JQUA. A 0.63 correlation means they provide meaningful diversification when combined. BBEM charges 0.15%/yr vs 0.12%/yr for JQUA.

Performance

BBEM vs. JQUA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and JPMorgan U.S. Quality Factor ETF (JQUA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBEM achieves a 17.47% return, which is significantly higher than JQUA's 10.93% return.

BBEM

• 1D: -6.36%
• 1M: -3.88%
• YTD: 17.47%
• 6M: 18.62%
• 1Y: 39.93%
• 3Y*: 19.56%
• 5Y*: —
• 10Y*: —

JQUA

• 1D: -2.82%
• 1M: 3.22%
• YTD: 10.93%
• 6M: 10.62%
• 1Y: 19.51%
• 3Y*: 19.44%
• 5Y*: 13.27%
• 10Y*: —

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

BBEM vs. JQUA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF	17.47%	32.43%	5.61%	6.01%
JQUA JPMorgan U.S. Quality Factor ETF	10.93%	11.69%	21.21%	16.95%

Correlation

The correlation between BBEM and JQUA is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since May 12, 2023	0.63

The correlation between BBEM and JQUA has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.

BBEM vs. JQUA - Sectors Allocation Comparison

Sectors	BBEM	JQUA
Technology	36.5%	41.9%
Financial Services	19.0%	10.2%
Consumer Cyclical	10.0%	9.2%
Industrials	8.1%	7.6%
Communication Services	6.7%	5.5%
Basic Materials	6.2%	0.8%
Energy	4.2%	3.2%
Consumer Defensive	3.0%	5.3%
Healthcare	2.8%	7.2%
Utilities	2.5%	2.3%
Real Estate	1.0%	2.1%

Return for Risk

BBEM vs. JQUA — Risk / Return Rank

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

BBEM

BBEM Risk / Return Rank: 64
BBEM Sharpe Ratio Rank: 62
BBEM Sortino Ratio Rank: 58
BBEM Omega Ratio Rank: 66
BBEM Calmar Ratio Rank: 65
BBEM Martin Ratio Rank: 68

JQUA

JQUA Risk / Return Rank: 54
JQUA Sharpe Ratio Rank: 51
JQUA Sortino Ratio Rank: 50
JQUA Omega Ratio Rank: 48
JQUA Calmar Ratio Rank: 57
JQUA Martin Ratio Rank: 65

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.

BBEM vs. JQUA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and JPMorgan U.S. Quality Factor ETF (JQUA). 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.

	BBEM	JQUA	Difference
Sharpe ratio: Return per unit of total volatility	1.95	1.69	+0.26
Sortino ratio: Return per unit of downside risk	2.57	2.38	+0.19
Omega ratio: Gain probability vs. loss probability	1.37	1.29	+0.08
Calmar ratio: Return relative to maximum drawdown	3.06	2.75	+0.31
Martin ratio: Return relative to average drawdown	11.88	11.52	+0.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBEM vs. JQUA - Sharpe Ratio Comparison

The current BBEM Sharpe Ratio is 1.95, which is comparable to the JQUA Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of BBEM and JQUA, 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

	BBEM	JQUA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	1.69	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.12	0.81	+0.31

Drawdowns

BBEM vs. JQUA - Drawdown Comparison

The maximum BBEM drawdown since its inception was -17.42%, smaller than the maximum JQUA drawdown of -32.92%. Use the drawdown chart below to compare losses from any high point for BBEM and JQUA.

Drawdown Indicators

	BBEM	JQUA	Difference
Max Drawdown Largest peak-to-trough decline	-17.42%	-32.92%	+15.50%
Max Drawdown (1Y) Largest decline over 1 year	-13.12%	-7.13%	-5.99%
Max Drawdown (3Y) Largest decline over 3 years	-17.42%	-16.81%	-0.61%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.47%	—
Current Drawdown Current decline from peak	-8.73%	-3.09%	-5.64%
Average Drawdown Average peak-to-trough decline	-3.71%	-4.16%	+0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	1.70%	+1.67%

Volatility

BBEM vs. JQUA - Volatility Comparison

JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) has a higher volatility of 10.46% compared to JPMorgan U.S. Quality Factor ETF (JQUA) at 4.19%. This indicates that BBEM's price experiences larger fluctuations and is considered to be riskier than JQUA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBEM	JQUA	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.46%	4.19%	+6.27%
Volatility (6M) Calculated over the trailing 6-month period	18.54%	8.82%	+9.72%
Volatility (1Y) Calculated over the trailing 1-year period	20.57%	11.57%	+9.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.87%	15.66%	+2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.87%	18.01%	-0.14%

BBEM vs. JQUA - Expense Ratio Comparison

BBEM has a 0.15% expense ratio, which is higher than JQUA's 0.12% 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. JQUA - Dividend Comparison

BBEM's dividend yield for the trailing twelve months is around 4.97%, more than JQUA's 1.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF	4.97%	5.86%	2.73%	1.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JQUA JPMorgan U.S. Quality Factor ETF	1.10%	1.19%	1.24%	1.21%	1.60%	1.32%	1.44%	1.67%	2.10%	0.40%

Frequently Asked Questions

Can I hold both BBEM and JQUA in my portfolio?

BBEM and JQUA have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBEM or JQUA?

BBEM has higher volatility (10.46%) compared to JQUA (4.19%). In terms of maximum drawdown, BBEM dropped -17.42% vs JQUA's -32.92%.

Which ETF is better, BBEM or JQUA?

On 3-year performance, BBEM leads with 19.56% vs 19.44% for JQUA. On fees, JQUA is cheaper at 0.12% per year. On volatility, JQUA has been the lower-risk option at 4.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBEM or JQUA?

Over the 3-year period, BBEM has performed better with a 19.56% return vs 19.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBEM or JQUA?

JQUA is cheaper with a 0.12% expense ratio, compared with 0.15% for BBEM.

Which ETF pays a higher dividend yield, BBEM or JQUA?

BBEM has the higher dividend yield at 4.97%, compared with 1.10% for JQUA.

What is the main difference between BBEM and JQUA?

BBEM is categorized as Emerging Markets Diversified, while JQUA is Large Cap Growth Equities. BBEM tracks Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net, while JQUA tracks JP Morgan US Quality Factor Index. Their fees differ too: 0.15% for BBEM and 0.12% for JQUA.

Which has better risk-adjusted returns?

BBEM currently has the higher Sharpe Ratio (1.95 vs 1.69), 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.