BBJP vs. BBUS

Last updated Jun 4, 2026

BBJP (JPMorgan BetaBuilders Japan ETF) and BBUS (JP Morgan Betabuilders U.S. Equity ETF) are both exchange-traded funds - BBJP is a Japan Equities fund tracking the Morningstar Japan Target Market Exposure Index, while BBUS is a Large Cap Growth Equities fund tracking the Morningstar US Target Market Exposure Index. Both are passively managed. Over the past 5 years, BBJP returned 8.92%/yr vs 13.43%/yr for BBUS. A 0.67 correlation means they provide meaningful diversification when combined. BBJP charges 0.19%/yr vs 0.02%/yr for BBUS.

Performance

BBJP vs. BBUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Japan ETF (BBJP) and JP Morgan 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, BBJP achieves a 15.37% return, which is significantly higher than BBUS's 10.60% return.

BBJP

• 1D: 0.34%
• 1M: 6.13%
• YTD: 15.37%
• 6M: 17.26%
• 1Y: 32.02%
• 3Y*: 18.45%
• 5Y*: 8.92%
• 10Y*: —

BBUS

• 1D: -0.74%
• 1M: 5.12%
• YTD: 10.60%
• 6M: 10.47%
• 1Y: 27.47%
• 3Y*: 22.46%
• 5Y*: 13.43%
• 10Y*: —

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

BBJP vs. BBUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BBJP JPMorgan BetaBuilders Japan ETF	15.37%	26.55%	7.47%	20.65%	-17.24%	1.21%	15.42%	11.38%
BBUS JP Morgan Betabuilders U.S. Equity ETF	10.60%	17.77%	24.89%	27.20%	-19.46%	27.13%	20.69%	16.53%

Correlation

The correlation between BBJP and BBUS is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Mar 14, 2019	0.67

The correlation between BBJP and BBUS has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.

BBJP vs. BBUS - Sectors Allocation Comparison

Sectors	BBJP	BBUS
Industrials	26.7%	7.2%
Technology	17.8%	37.1%
Financial Services	17.1%	10.8%
Consumer Cyclical	12.6%	9.4%
Communication Services	7.7%	10.8%
Healthcare	6.1%	8.1%
Consumer Defensive	3.7%	4.5%
Basic Materials	3.2%	1.2%
Real Estate	2.7%	1.7%
Utilities	1.3%	2.6%
Energy	1.0%	3.2%

Return for Risk

BBJP vs. BBUS — Risk / Return Rank

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

BBJP

BBJP Risk / Return Rank: 48
BBJP Sharpe Ratio Rank: 47
BBJP Sortino Ratio Rank: 48
BBJP Omega Ratio Rank: 49
BBJP Calmar Ratio Rank: 47
BBJP Martin Ratio Rank: 48

BBUS

BBUS Risk / Return Rank: 68
BBUS Sharpe Ratio Rank: 70
BBUS Sortino Ratio Rank: 68
BBUS Omega Ratio Rank: 68
BBUS Calmar Ratio Rank: 60
BBUS Martin Ratio Rank: 72

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.

BBJP vs. BBUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Japan ETF (BBJP) and JP Morgan 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.

	BBJP	BBUS	Difference
Sharpe ratio: Return per unit of total volatility	1.66	2.33	-0.67
Sortino ratio: Return per unit of downside risk	2.41	3.18	-0.77
Omega ratio: Gain probability vs. loss probability	1.31	1.42	-0.11
Calmar ratio: Return relative to maximum drawdown	2.37	3.00	-0.63
Martin ratio: Return relative to average drawdown	7.95	13.76	-5.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBJP vs. BBUS - Sharpe Ratio Comparison

The current BBJP Sharpe Ratio is 1.66, which is comparable to the BBUS Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of BBJP 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.

Sharpe Ratios by Period

	BBJP	BBUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	2.33	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.79	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.84	-0.39

Drawdowns

BBJP vs. BBUS - Drawdown Comparison

The maximum BBJP drawdown since its inception was -32.66%, smaller than the maximum BBUS drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for BBJP and BBUS.

Drawdown Indicators

	BBJP	BBUS	Difference
Max Drawdown Largest peak-to-trough decline	-32.66%	-35.35%	+2.69%
Max Drawdown (1Y) Largest decline over 1 year	-13.60%	-9.21%	-4.39%
Max Drawdown (3Y) Largest decline over 3 years	-14.49%	-19.01%	+4.52%
Max Drawdown (5Y) Largest decline over 5 years	-32.66%	-25.46%	-7.20%
Current Drawdown Current decline from peak	-0.85%	-0.74%	-0.11%
Average Drawdown Average peak-to-trough decline	-8.53%	-5.46%	-3.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	2.00%	+2.04%

Volatility

BBJP vs. BBUS - Volatility Comparison

JPMorgan BetaBuilders Japan ETF (BBJP) has a higher volatility of 4.26% compared to JP Morgan Betabuilders U.S. Equity ETF (BBUS) at 2.88%. This indicates that BBJP'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

	BBJP	BBUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	2.88%	+1.38%
Volatility (6M) Calculated over the trailing 6-month period	14.98%	8.96%	+6.02%
Volatility (1Y) Calculated over the trailing 1-year period	19.44%	11.87%	+7.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.15%	17.03%	+1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.29%	19.59%	-1.30%

BBJP vs. BBUS - Expense Ratio Comparison

BBJP has a 0.19% 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

BBJP vs. BBUS - Dividend Comparison

BBJP's dividend yield for the trailing twelve months is around 4.65%, more than BBUS's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBJP JPMorgan BetaBuilders Japan ETF	4.65%	5.37%	2.80%	3.05%	1.52%	2.89%	1.12%	2.31%	0.65%
BBUS JP Morgan Betabuilders U.S. Equity ETF	0.98%	1.07%	1.21%	1.38%	1.57%	1.11%	1.43%	1.37%	0.00%

Frequently Asked Questions

Can I hold both BBJP and BBUS in my portfolio?

BBJP and BBUS have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBJP or BBUS?

BBJP has higher volatility (4.26%) compared to BBUS (2.88%). In terms of maximum drawdown, BBJP dropped -32.66% vs BBUS's -35.35%.

Which ETF is better, BBJP or BBUS?

On 5-year performance, BBUS leads with 13.43% vs 8.92% for BBJP. On fees, BBUS is cheaper at 0.02% per year. On volatility, BBUS has been the lower-risk option at 2.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBJP or BBUS?

Over the 5-year period, BBUS has performed better with a 13.43% return vs 8.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBJP or BBUS?

BBUS is cheaper with a 0.02% expense ratio, compared with 0.19% for BBJP.

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

BBJP has the higher dividend yield at 4.65%, compared with 0.98% for BBUS.

What is the main difference between BBJP and BBUS?

BBJP is categorized as Japan Equities, while BBUS is Large Cap Growth Equities. BBJP tracks Morningstar Japan Target Market Exposure Index, while BBUS tracks Morningstar US Target Market Exposure Index. Their fees differ too: 0.19% for BBJP and 0.02% for BBUS.

Which has better risk-adjusted returns?

BBUS currently has the higher Sharpe Ratio (2.33 vs 1.66), 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.