BBEU vs. VGK

Last updated Jun 4, 2026

BBEU (JPMorgan BetaBuilders Europe ETF) and VGK (Vanguard FTSE Europe ETF) are both Europe Equities funds - BBEU tracks the Morningstar Developed Europe Target Market Exposure Index while VGK tracks the FTSE Developed Europe All Cap Index. Both are passively managed. Over the past 5 years, BBEU returned 8.77%/yr vs 8.24%/yr for VGK. With a 0.99 correlation, they move nearly in lockstep. BBEU charges 0.09%/yr vs 0.06%/yr for VGK.

Performance

BBEU vs. VGK - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with BBEU having a 5.53% return and VGK slightly higher at 5.62%.

BBEU

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

VGK

• 1D: -1.19%
• 1M: 2.79%
• YTD: 5.62%
• 6M: 8.66%
• 1Y: 18.01%
• 3Y*: 16.32%
• 5Y*: 8.24%
• 10Y*: 9.26%

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

BBEU vs. VGK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BBEU JPMorgan BetaBuilders Europe ETF	5.53%	36.37%	1.85%	20.31%	-14.72%	17.50%	5.00%	23.96%	-13.25%
VGK Vanguard FTSE Europe ETF	5.62%	35.83%	1.88%	20.19%	-15.98%	16.89%	5.43%	24.85%	-13.75%

Correlation

The correlation between BBEU and VGK is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jun 19, 2018	0.99

The correlation between BBEU and VGK has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

BBEU vs. VGK - Sectors Allocation Comparison

Sectors	BBEU	VGK
Financial Services	21.8%	23.9%
Industrials	14.8%	19.5%
Healthcare	10.7%	12.1%
Consumer Defensive	8.4%	8.5%
Technology	7.7%	8.3%
Consumer Cyclical	4.7%	6.8%
Basic Materials	4.5%	5.4%
Energy	3.4%	5.3%
Utilities	3.0%	4.8%
Communication Services	2.8%	3.3%
Real Estate	0.3%	1.5%

Return for Risk

BBEU vs. VGK — 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

VGK

VGK Risk / Return Rank: 31
VGK Sharpe Ratio Rank: 31
VGK Sortino Ratio Rank: 31
VGK Omega Ratio Rank: 30
VGK Calmar Ratio Rank: 30
VGK Martin Ratio Rank: 35

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. VGK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Europe ETF (BBEU) and Vanguard FTSE Europe ETF (VGK). 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	VGK	Difference
Sharpe ratio: Return per unit of total volatility	1.19	1.18	+0.01
Sortino ratio: Return per unit of downside risk	1.73	1.72	+0.01
Omega ratio: Gain probability vs. loss probability	1.21	1.21	0.00
Calmar ratio: Return relative to maximum drawdown	1.50	1.50	0.00
Martin ratio: Return relative to average drawdown	5.57	5.56	+0.01
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. VGK - Sharpe Ratio Comparison

The current BBEU Sharpe Ratio is 1.19, which is comparable to the VGK Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of BBEU and VGK, 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	VGK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	1.18	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.46	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.28	+0.19

Drawdowns

BBEU vs. VGK - Drawdown Comparison

The maximum BBEU drawdown since its inception was -36.27%, smaller than the maximum VGK drawdown of -63.61%. Use the drawdown chart below to compare losses from any high point for BBEU and VGK.

Drawdown Indicators

	BBEU	VGK	Difference
Max Drawdown Largest peak-to-trough decline	-36.27%	-63.61%	+27.34%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	-12.09%	-0.14%
Max Drawdown (3Y) Largest decline over 3 years	-14.23%	-14.31%	+0.08%
Max Drawdown (5Y) Largest decline over 5 years	-31.08%	-32.74%	+1.66%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.24%	—
Current Drawdown Current decline from peak	-2.65%	-2.41%	-0.24%
Average Drawdown Average peak-to-trough decline	-6.14%	-13.34%	+7.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	3.25%	+0.03%

Volatility

BBEU vs. VGK - Volatility Comparison

JPMorgan BetaBuilders Europe ETF (BBEU) and Vanguard FTSE Europe ETF (VGK) have volatilities of 5.62% and 5.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBEU	VGK	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	5.73%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	12.98%	12.78%	+0.20%
Volatility (1Y) Calculated over the trailing 1-year period	15.49%	15.40%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.49%	17.90%	-0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.32%	18.96%	+0.36%

BBEU vs. VGK - Expense Ratio Comparison

BBEU has a 0.09% expense ratio, which is higher than VGK's 0.06% 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. VGK - Dividend Comparison

BBEU's dividend yield for the trailing twelve months is around 2.82%, which matches VGK's 2.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBEU JPMorgan BetaBuilders Europe ETF	2.82%	2.83%	4.16%	2.94%	4.72%	2.63%	2.29%	3.24%	0.49%	0.00%	0.00%	0.00%
VGK Vanguard FTSE Europe ETF	2.82%	2.86%	3.61%	3.15%	3.25%	3.05%	2.11%	3.27%	3.95%	2.70%	3.52%	3.25%

Frequently Asked Questions

Can I hold both BBEU and VGK in my portfolio?

With a correlation of 0.99, BBEU and VGK 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.

Which is riskier, BBEU or VGK?

VGK has higher volatility (5.73%) compared to BBEU (5.62%). In terms of maximum drawdown, BBEU dropped -36.27% vs VGK's -63.61%.

Which ETF is better, BBEU or VGK?

On 5-year performance, BBEU leads with 8.77% vs 8.24% for VGK. On fees, VGK is cheaper at 0.06% per year. On volatility, BBEU has been the lower-risk option at 5.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBEU or VGK?

Over the 5-year period, BBEU has performed better with a 8.77% return vs 8.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBEU or VGK?

VGK is cheaper with a 0.06% expense ratio, compared with 0.09% for BBEU.

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

BBEU and VGK have nearly identical dividend yields, around 2.82%.

What is the main difference between BBEU and VGK?

BBEU tracks Morningstar Developed Europe Target Market Exposure Index, while VGK tracks FTSE Developed Europe All Cap Index. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.09% for BBEU and 0.06% for VGK.

Which has better risk-adjusted returns?

BBEU currently has the higher Sharpe Ratio (1.19 vs 1.18), 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.