BBEU vs. BBUS

Last updated Jul 14, 2026

BBEU (JPMorgan BetaBuilders Europe ETF) and BBUS (JPMorgan BetaBuilders U.S. Equity ETF) are both exchange-traded funds - BBEU is a Europe Equities fund tracking the Morningstar Developed Europe Target Market Exposure Index, while BBUS is a Large Cap Blend Equities fund tracking the Morningstar US Target Market Exposure Index. Both are passively managed. Over the past 5 years, BBEU returned 9.34%/yr vs 12.52%/yr for BBUS. A 0.75 correlation means they provide meaningful diversification when combined. BBEU charges 0.09%/yr vs 0.02%/yr for BBUS.

Performance

BBEU vs. BBUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Europe ETF (BBEU) and JPMorgan BetaBuilders U.S. Equity ETF (BBUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBEU achieves a 7.09% return, which is significantly lower than BBUS's 10.07% return.

BBEU

• 1D: -0.82%
• 1M: -0.56%
• 6M: 3.92%
• YTD: 7.09%
• 1Y: 17.17%
• 3Y*: 15.46%
• 5Y*: 9.34%
• 10Y*: —

BBUS

• 1D: -0.78%
• 1M: 1.32%
• 6M: 7.98%
• YTD: 10.07%
• 1Y: 20.96%
• 3Y*: 20.14%
• 5Y*: 12.52%
• 10Y*: —

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

BBEU vs. BBUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BBEU JPMorgan BetaBuilders Europe ETF	7.09%	36.37%	1.85%	20.31%	-14.72%	17.50%	5.00%	13.64%
BBUS JPMorgan BetaBuilders U.S. Equity ETF	10.07%	17.77%	24.89%	27.20%	-19.46%	27.13%	20.69%	16.26%

Correlation

The correlation between BBEU and BBUS is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019	0.75

The correlation between BBEU and BBUS has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.

BBEU vs. BBUS - Sectors Allocation Comparison

Sectors	BBEU	BBUS
Financial Services	24.0%	12.0%
Industrials	19.2%	7.7%
Healthcare	13.1%	9.1%
Technology	9.4%	37.5%
Consumer Defensive	8.8%	4.5%
Consumer Cyclical	6.4%	9.2%
Basic Materials	5.8%	1.7%
Energy	5.3%	3.1%
Utilities	4.6%	2.7%
Communication Services	3.0%	9.8%
Real Estate	0.5%	1.7%

Return for Risk

BBEU vs. BBUS — Risk / Return Rank

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

BBEU

BBEU Risk / Return Rank: 37
BBEU Sharpe Ratio Rank: 37
BBEU Sortino Ratio Rank: 38
BBEU Omega Ratio Rank: 35
BBEU Calmar Ratio Rank: 35
BBEU Martin Ratio Rank: 41

BBUS

BBUS Risk / Return Rank: 63
BBUS Sharpe Ratio Rank: 64
BBUS Sortino Ratio Rank: 63
BBUS Omega Ratio Rank: 63
BBUS Calmar Ratio Rank: 57
BBUS Martin Ratio Rank: 68

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.

BBEU vs. BBUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Europe ETF (BBEU) 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.

	BBEU	BBUS	Difference
Sharpe ratio: Return per unit of total volatility	1.08	1.67	-0.60
Sortino ratio: Return per unit of downside risk	1.61	2.31	-0.70
Omega ratio: Gain probability vs. loss probability	1.19	1.30	-0.11
Calmar ratio: Return relative to maximum drawdown	1.41	2.29	-0.88
Martin ratio: Return relative to average drawdown	5.22	9.85	-4.63

BBEU vs. BBUS - Sharpe Ratio Comparison

The current BBEU Sharpe Ratio is 1.08, which is lower than the BBUS Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of BBEU and BBUS, 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

BBEU vs. BBUS - Drawdown Comparison

The maximum BBEU drawdown since its inception was -36.27%, roughly equal to the maximum BBUS drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for BBEU and BBUS.

Drawdown Indicators

	BBEU	BBUS	Difference
Max Drawdown Largest peak-to-trough decline	-36.27%	-35.35%	-0.92%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	-9.21%	-3.02%
Max Drawdown (3Y) Largest decline over 3 years	-14.23%	-19.01%	+4.78%
Max Drawdown (5Y) Largest decline over 5 years	-31.08%	-25.46%	-5.62%
Current Drawdown Current decline from peak	-2.30%	-1.22%	-1.08%
Average Drawdown Average peak-to-trough decline	-6.08%	-5.41%	-0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	2.13%	+1.17%

Volatility

BBEU vs. BBUS - Volatility Comparison

JPMorgan BetaBuilders Europe ETF (BBEU) has a higher volatility of 4.81% compared to JPMorgan BetaBuilders U.S. Equity ETF (BBUS) at 4.10%. This indicates that BBEU'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.

Volatility by Period

	BBEU	BBUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	4.10%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	13.81%	10.02%	+3.79%
Volatility (1Y) Calculated over the trailing 1-year period	16.01%	12.60%	+3.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.57%	17.15%	+0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.29%	19.54%	-0.25%

BBEU vs. BBUS - Expense Ratio Comparison

BBEU has a 0.09% 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

BBEU vs. BBUS - Dividend Comparison

BBEU's dividend yield for the trailing twelve months is around 2.96%, more than BBUS's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBEU JPMorgan BetaBuilders Europe ETF	2.96%	2.83%	4.16%	2.94%	4.72%	2.63%	2.29%	3.24%	0.49%
BBUS JPMorgan BetaBuilders U.S. Equity ETF	1.01%	1.07%	1.21%	1.38%	1.57%	1.11%	1.43%	1.37%	0.00%

Frequently Asked Questions

Can I hold both BBEU and BBUS in my portfolio?

BBEU and BBUS have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBEU or BBUS?

BBEU has higher volatility (4.81%) compared to BBUS (4.10%). In terms of maximum drawdown, BBEU dropped -36.27% vs BBUS's -35.35%.

Which ETF is better, BBEU or BBUS?

On 5-year performance, BBUS leads with 12.52% vs 9.34% for BBEU. 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.

Which ETF has performed better, BBEU or BBUS?

Over the 5-year period, BBUS has performed better with a 12.52% return vs 9.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBEU or BBUS?

BBUS is cheaper with a 0.02% expense ratio, compared with 0.09% for BBEU.

Which ETF pays a higher dividend yield, BBEU or BBUS?

BBEU has the higher dividend yield at 2.96%, compared with 1.01% for BBUS.

What is the main difference between BBEU and BBUS?

BBEU is categorized as Europe Equities, while BBUS is Large Cap Blend Equities. BBEU tracks Morningstar Developed Europe Target Market Exposure Index, while BBUS tracks Morningstar US Target Market Exposure Index. Their fees differ too: 0.09% for BBEU and 0.02% for BBUS.

Which has better risk-adjusted returns?

BBUS currently has the higher Sharpe Ratio (1.67 vs 1.08), 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.