BBEU vs. JEPQ

Last updated Jun 4, 2026

BBEU (JPMorgan BetaBuilders Europe ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - BBEU is a Europe Equities fund tracking the Morningstar Developed Europe Target Market Exposure Index, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, BBEU returned 16.49%/yr vs 20.92%/yr for JEPQ. A 0.63 correlation means they provide meaningful diversification when combined. BBEU charges 0.09%/yr vs 0.35%/yr for JEPQ.

Performance

BBEU vs. JEPQ - Performance Comparison

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

Returns By Period

In the year-to-date period, BBEU achieves a 5.53% return, which is significantly lower than JEPQ's 9.54% return.

BBEU

• 1D: -1.22%
• 1M: 2.67%
• YTD: 5.53%
• 6M: 8.51%
• 1Y: 18.25%
• 3Y*: 16.49%
• 5Y*: 8.77%
• 10Y*: —

JEPQ

• 1D: -0.10%
• 1M: 4.31%
• YTD: 9.54%
• 6M: 9.75%
• 1Y: 29.00%
• 3Y*: 20.92%
• 5Y*: —
• 10Y*: —

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

BBEU vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BBEU JPMorgan BetaBuilders Europe ETF	5.53%	36.37%	1.85%	20.31%	-3.07%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.54%	15.18%	24.85%	36.28%	-12.89%

Correlation

The correlation between BBEU and JEPQ is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.63

The correlation between BBEU and JEPQ has been stable across timeframes, ranging from 0.58 to 0.66 - a consistent structural relationship.

BBEU vs. JEPQ - Sectors Allocation Comparison

Sectors	BBEU	JEPQ
Financial Services	21.8%	0.4%
Industrials	14.8%	3.1%
Healthcare	10.7%	4.4%
Consumer Defensive	8.4%	7.1%
Technology	7.7%	54.0%
Consumer Cyclical	4.7%	12.8%
Basic Materials	4.5%	1.0%
Energy	3.4%	0.4%
Utilities	3.0%	1.3%
Communication Services	2.8%	15.4%
Real Estate	0.3%	0.2%

Return for Risk

BBEU vs. JEPQ — Risk / Return Rank

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

BBEU

BBEU Risk / Return Rank: 32
BBEU Sharpe Ratio Rank: 32
BBEU Sortino Ratio Rank: 32
BBEU Omega Ratio Rank: 31
BBEU Calmar Ratio Rank: 31
BBEU Martin Ratio Rank: 36

JEPQ

JEPQ Risk / Return Rank: 74
JEPQ Sharpe Ratio Rank: 74
JEPQ Sortino Ratio Rank: 71
JEPQ Omega Ratio Rank: 80
JEPQ Calmar Ratio Rank: 65
JEPQ Martin Ratio Rank: 80

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. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Europe ETF (BBEU) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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.

	BBEU	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	1.19	2.49	-1.30
Sortino ratio: Return per unit of downside risk	1.73	3.29	-1.55
Omega ratio: Gain probability vs. loss probability	1.21	1.49	-0.28
Calmar ratio: Return relative to maximum drawdown	1.50	3.31	-1.81
Martin ratio: Return relative to average drawdown	5.57	16.22	-10.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBEU vs. JEPQ - Sharpe Ratio Comparison

The current BBEU Sharpe Ratio is 1.19, which is lower than the JEPQ Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of BBEU and JEPQ, 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

	BBEU	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	2.49	-1.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	1.00	-0.53

Drawdowns

BBEU vs. JEPQ - Drawdown Comparison

The maximum BBEU drawdown since its inception was -36.27%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for BBEU and JEPQ.

Drawdown Indicators

	BBEU	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-36.27%	-20.07%	-16.20%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	-8.82%	-3.41%
Max Drawdown (3Y) Largest decline over 3 years	-14.23%	-20.07%	+5.84%
Max Drawdown (5Y) Largest decline over 5 years	-31.08%	—	—
Current Drawdown Current decline from peak	-2.65%	-0.10%	-2.55%
Average Drawdown Average peak-to-trough decline	-6.14%	-3.42%	-2.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	1.79%	+1.49%

Volatility

BBEU vs. JEPQ - Volatility Comparison

JPMorgan BetaBuilders Europe ETF (BBEU) has a higher volatility of 5.62% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.26%. This indicates that BBEU's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBEU	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	1.26%	+4.36%
Volatility (6M) Calculated over the trailing 6-month period	12.98%	9.07%	+3.91%
Volatility (1Y) Calculated over the trailing 1-year period	15.49%	11.73%	+3.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.49%	16.61%	+0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.32%	16.61%	+2.71%

BBEU vs. JEPQ - Expense Ratio Comparison

BBEU has a 0.09% expense ratio, which is lower than JEPQ's 0.35% expense ratio.

Dividends

BBEU vs. JEPQ - Dividend Comparison

BBEU's dividend yield for the trailing twelve months is around 2.82%, less than JEPQ's 10.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBEU JPMorgan BetaBuilders Europe ETF	2.82%	2.83%	4.16%	2.94%	4.72%	2.63%	2.29%	3.24%	0.49%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.07%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBEU and JEPQ in my portfolio?

BBEU and JEPQ have a correlation of 0.66, 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 JEPQ?

BBEU has higher volatility (5.62%) compared to JEPQ (1.26%). In terms of maximum drawdown, BBEU dropped -36.27% vs JEPQ's -20.07%.

Which ETF is better, BBEU or JEPQ?

On 3-year performance, JEPQ leads with 20.92% vs 16.49% for BBEU. On fees, BBEU is cheaper at 0.09% per year. On volatility, JEPQ has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBEU or JEPQ?

Over the 3-year period, JEPQ has performed better with a 20.92% return vs 16.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBEU or JEPQ?

BBEU is cheaper with a 0.09% expense ratio, compared with 0.35% for JEPQ.

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

JEPQ has the higher dividend yield at 10.07%, compared with 2.82% for BBEU.

What is the main difference between BBEU and JEPQ?

BBEU is categorized as Europe Equities, while JEPQ is Nasdaq-100. BBEU tracks Morningstar Developed Europe Target Market Exposure Index, while JEPQ tracks Nasdaq-100 Index. Their fees differ too: 0.09% for BBEU and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.49 vs 1.19), 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.