BBEU vs. VRIG

Last updated Jun 9, 2026

BBEU (JPMorgan BetaBuilders Europe ETF) and VRIG (Invesco Variable Rate Investment Grade ETF) are both exchange-traded funds - BBEU is a Europe Equities fund tracking the Morningstar Developed Europe Target Market Exposure Index, while VRIG is a Ultrashort Bond fund actively managed by Invesco. BBEU is passively managed, while VRIG is actively managed. Over the past 5 years, BBEU returned 8.62%/yr vs 4.44%/yr for VRIG. At a 0.13 correlation, their price movements are largely independent. BBEU charges 0.09%/yr vs 0.30%/yr for VRIG.

Performance

BBEU vs. VRIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Europe ETF (BBEU) and Invesco Variable Rate Investment Grade ETF (VRIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBEU achieves a 5.14% return, which is significantly higher than VRIG's 1.87% return.

BBEU

• 1D: 0.47%
• 1M: -0.53%
• YTD: 5.14%
• 6M: 8.45%
• 1Y: 16.57%
• 3Y*: 16.39%
• 5Y*: 8.62%
• 10Y*: —

VRIG

• 1D: 0.04%
• 1M: 0.39%
• YTD: 1.87%
• 6M: 2.24%
• 1Y: 4.97%
• 3Y*: 5.96%
• 5Y*: 4.44%
• 10Y*: —

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

BBEU vs. VRIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BBEU JPMorgan BetaBuilders Europe ETF	5.14%	36.37%	1.85%	20.31%	-14.72%	17.50%	5.00%	23.96%	-13.25%
VRIG Invesco Variable Rate Investment Grade ETF	1.87%	5.05%	6.81%	7.37%	0.99%	1.06%	1.76%	4.57%	-0.27%

Correlation

The correlation between BBEU and VRIG is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jun 19, 2018	0.13

The correlation between BBEU and VRIG shifts across timeframes, from 0.04 (1 year) to 0.14 (5 years), reflecting how their relationship changes across market environments.

BBEU vs. VRIG - Sectors Allocation Comparison

Sectors	BBEU	VRIG
Financial Services	21.7%	23.3%
Industrials	14.9%	0.0%
Healthcare	10.7%	-
Consumer Defensive	8.3%	0.7%
Technology	7.8%	0.4%
Consumer Cyclical	4.8%	3.0%
Basic Materials	4.5%	0.8%
Energy	3.4%	-
Utilities	2.9%	0.1%
Communication Services	2.8%	-
Real Estate	0.3%	0.3%

Return for Risk

BBEU vs. VRIG — 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: 30
BBEU Martin Ratio Rank: 36

VRIG

VRIG Risk / Return Rank: 99
VRIG Sharpe Ratio Rank: 99
VRIG Sortino Ratio Rank: 99
VRIG Omega Ratio Rank: 99
VRIG Calmar Ratio Rank: 99
VRIG Martin Ratio Rank: 99

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. VRIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Europe ETF (BBEU) and Invesco Variable Rate Investment Grade ETF (VRIG). 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	VRIG	Difference
Sharpe ratio: Return per unit of total volatility	1.06	10.08	-9.02
Sortino ratio: Return per unit of downside risk	1.57	24.37	-22.80
Omega ratio: Gain probability vs. loss probability	1.19	5.29	-4.09
Calmar ratio: Return relative to maximum drawdown	1.36	62.49	-61.12
Martin ratio: Return relative to average drawdown	5.04	318.26	-313.22
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. VRIG - Sharpe Ratio Comparison

The current BBEU Sharpe Ratio is 1.06, which is lower than the VRIG Sharpe Ratio of 10.08. The chart below compares the historical Sharpe Ratios of BBEU and VRIG, 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	VRIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	10.08	-9.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	3.46	-2.96
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.91	-0.44

Drawdowns

BBEU vs. VRIG - Drawdown Comparison

The maximum BBEU drawdown since its inception was -36.27%, which is greater than VRIG's maximum drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for BBEU and VRIG.

Drawdown Indicators

	BBEU	VRIG	Difference
Max Drawdown Largest peak-to-trough decline	-36.27%	-13.04%	-23.23%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	-0.08%	-12.15%
Max Drawdown (3Y) Largest decline over 3 years	-14.23%	-0.78%	-13.45%
Max Drawdown (5Y) Largest decline over 5 years	-31.08%	-2.28%	-28.80%
Current Drawdown Current decline from peak	-3.01%	0.00%	-3.01%
Average Drawdown Average peak-to-trough decline	-6.13%	-0.27%	-5.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	0.02%	+3.28%

Volatility

BBEU vs. VRIG - Volatility Comparison

JPMorgan BetaBuilders Europe ETF (BBEU) has a higher volatility of 4.79% compared to Invesco Variable Rate Investment Grade ETF (VRIG) at 0.11%. This indicates that BBEU's price experiences larger fluctuations and is considered to be riskier than VRIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBEU	VRIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	0.11%	+4.68%
Volatility (6M) Calculated over the trailing 6-month period	13.18%	0.36%	+12.82%
Volatility (1Y) Calculated over the trailing 1-year period	15.67%	0.50%	+15.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.52%	1.29%	+16.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.32%	3.80%	+15.52%

BBEU vs. VRIG - Expense Ratio Comparison

BBEU has a 0.09% expense ratio, which is lower than VRIG's 0.30% expense ratio.

Dividends

BBEU vs. VRIG - Dividend Comparison

BBEU's dividend yield for the trailing twelve months is around 2.83%, less than VRIG's 4.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BBEU JPMorgan BetaBuilders Europe ETF	2.83%	2.83%	4.16%	2.94%	4.72%	2.63%	2.29%	3.24%	0.49%	0.00%	0.00%
VRIG Invesco Variable Rate Investment Grade ETF	4.79%	4.99%	6.09%	5.97%	2.39%	0.78%	1.57%	3.12%	2.89%	2.31%	0.60%

Frequently Asked Questions

Can I hold both BBEU and VRIG in my portfolio?

BBEU and VRIG have a correlation of 0.04, 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 VRIG?

BBEU has higher volatility (4.79%) compared to VRIG (0.11%). In terms of maximum drawdown, BBEU dropped -36.27% vs VRIG's -13.04%.

Which ETF is better, BBEU or VRIG?

On 5-year performance, BBEU leads with 8.62% vs 4.44% for VRIG. On fees, BBEU is cheaper at 0.09% per year. On volatility, VRIG has been the lower-risk option at 0.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBEU or VRIG?

Over the 5-year period, BBEU has performed better with a 8.62% return vs 4.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBEU or VRIG?

BBEU is cheaper with a 0.09% expense ratio, compared with 0.30% for VRIG.

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

VRIG has the higher dividend yield at 4.79%, compared with 2.83% for BBEU.

What is the main difference between BBEU and VRIG?

BBEU is categorized as Europe Equities, while VRIG is Ultrashort Bond. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.09% for BBEU and 0.30% for VRIG.

Which has better risk-adjusted returns?

VRIG currently has the higher Sharpe Ratio (10.08 vs 1.06), 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.