BBEU vs. ^GSPC
Compare and contrast key facts about JPMorgan BetaBuilders Europe ETF (BBEU) and S&P 500 (^GSPC).
BBEU is a passively managed fund by JPMorgan Chase that tracks the performance of the Morningstar Developed Europe Target Market Exposure Index. It was launched on Jun 15, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBEU or ^GSPC.
Correlation
The correlation between BBEU and ^GSPC is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BBEU vs. ^GSPC - Performance Comparison
Key characteristics
BBEU:
0.34
^GSPC:
1.90
BBEU:
0.55
^GSPC:
2.54
BBEU:
1.06
^GSPC:
1.35
BBEU:
0.43
^GSPC:
2.81
BBEU:
1.18
^GSPC:
12.39
BBEU:
3.72%
^GSPC:
1.93%
BBEU:
12.93%
^GSPC:
12.58%
BBEU:
-36.26%
^GSPC:
-56.78%
BBEU:
-10.23%
^GSPC:
-3.58%
Returns By Period
In the year-to-date period, BBEU achieves a 2.39% return, which is significantly lower than ^GSPC's 23.11% return.
BBEU
2.39%
-0.95%
-4.48%
3.35%
5.58%
N/A
^GSPC
23.11%
-0.36%
7.02%
23.15%
12.80%
11.01%
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Risk-Adjusted Performance
BBEU vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Europe ETF (BBEU) and S&P 500 (^GSPC). 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.
Drawdowns
BBEU vs. ^GSPC - Drawdown Comparison
The maximum BBEU drawdown since its inception was -36.26%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BBEU and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
BBEU vs. ^GSPC - Volatility Comparison
The current volatility for JPMorgan BetaBuilders Europe ETF (BBEU) is 3.36%, while S&P 500 (^GSPC) has a volatility of 3.64%. This indicates that BBEU experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.