BBLU vs. JHQTX

Last updated Jun 5, 2026

BBLU (Ea Bridgeway Blue Chip ETF) and JHQTX (JPMorgan Hedged Equity 3 Fund) are both funds - BBLU is a Large Cap Growth Equities fund actively managed by Alpha Architect, while JHQTX is a Options Trading fund managed by JPMorgan. Over the past 3 years, BBLU returned 23.37%/yr vs 12.73%/yr for JHQTX. Their correlation of 0.84 suggests significant overlap in exposure. BBLU charges 0.15%/yr vs 0.60%/yr for JHQTX.

Performance

BBLU vs. JHQTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ea Bridgeway Blue Chip ETF (BBLU) and JPMorgan Hedged Equity 3 Fund (JHQTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBLU achieves a 10.68% return, which is significantly higher than JHQTX's 2.86% return.

BBLU

• 1D: 0.42%
• 1M: 6.08%
• YTD: 10.68%
• 6M: 10.55%
• 1Y: 29.46%
• 3Y*: 23.37%
• 5Y*: —
• 10Y*: —

JHQTX

• 1D: -0.46%
• 1M: 0.23%
• YTD: 2.86%
• 6M: 3.27%
• 1Y: 12.85%
• 3Y*: 12.73%
• 5Y*: 7.42%
• 10Y*: —

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

BBLU vs. JHQTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BBLU Ea Bridgeway Blue Chip ETF	10.68%	18.40%	27.47%	31.11%	6.20%
JHQTX JPMorgan Hedged Equity 3 Fund	2.86%	9.32%	16.76%	18.60%	3.53%

Correlation

The correlation between BBLU and JHQTX is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (All Time) Calculated using the full available price history since Oct 18, 2022	0.85

The correlation between BBLU and JHQTX has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.

Return for Risk

BBLU vs. JHQTX — Risk / Return Rank

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

BBLU

BBLU Risk / Return Rank: 82
BBLU Sharpe Ratio Rank: 82
BBLU Sortino Ratio Rank: 84
BBLU Omega Ratio Rank: 79
BBLU Calmar Ratio Rank: 80
BBLU Martin Ratio Rank: 82

JHQTX

JHQTX Risk / Return Rank: 48
JHQTX Sharpe Ratio Rank: 47
JHQTX Sortino Ratio Rank: 47
JHQTX Omega Ratio Rank: 58
JHQTX Calmar Ratio Rank: 37
JHQTX Martin Ratio Rank: 52

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.

BBLU vs. JHQTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ea Bridgeway Blue Chip ETF (BBLU) and JPMorgan Hedged Equity 3 Fund (JHQTX). 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.

	BBLU	JHQTX	Difference
Sharpe ratio: Return per unit of total volatility	2.64	1.98	+0.67
Sortino ratio: Return per unit of downside risk	3.73	2.84	+0.90
Omega ratio: Gain probability vs. loss probability	1.47	1.41	+0.05
Calmar ratio: Return relative to maximum drawdown	4.10	2.25	+1.85
Martin ratio: Return relative to average drawdown	16.36	10.31	+6.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBLU vs. JHQTX - Sharpe Ratio Comparison

The current BBLU Sharpe Ratio is 2.64, which is higher than the JHQTX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of BBLU and JHQTX, 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

	BBLU	JHQTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	1.98	+0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.81	0.85	+0.96

Drawdowns

BBLU vs. JHQTX - Drawdown Comparison

The maximum BBLU drawdown since its inception was -17.20%, smaller than the maximum JHQTX drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for BBLU and JHQTX.

Drawdown Indicators

	BBLU	JHQTX	Difference
Max Drawdown Largest peak-to-trough decline	-17.20%	-18.72%	+1.52%
Max Drawdown (1Y) Largest decline over 1 year	-7.22%	-5.78%	-1.44%
Max Drawdown (3Y) Largest decline over 3 years	-17.20%	-11.37%	-5.83%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.72%	—
Current Drawdown Current decline from peak	-0.41%	-0.46%	+0.05%
Average Drawdown Average peak-to-trough decline	-1.98%	-4.13%	+2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	1.26%	+0.55%

Volatility

BBLU vs. JHQTX - Volatility Comparison

Ea Bridgeway Blue Chip ETF (BBLU) has a higher volatility of 2.83% compared to JPMorgan Hedged Equity 3 Fund (JHQTX) at 0.73%. This indicates that BBLU's price experiences larger fluctuations and is considered to be riskier than JHQTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBLU	JHQTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	0.73%	+2.10%
Volatility (6M) Calculated over the trailing 6-month period	7.88%	5.38%	+2.50%
Volatility (1Y) Calculated over the trailing 1-year period	11.20%	6.60%	+4.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.53%	9.72%	+4.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.53%	9.55%	+4.98%

BBLU vs. JHQTX - Expense Ratio Comparison

BBLU has a 0.15% expense ratio, which is lower than JHQTX's 0.60% expense ratio.

Dividends

BBLU vs. JHQTX - Dividend Comparison

BBLU's dividend yield for the trailing twelve months is around 1.13%, more than JHQTX's 0.48% yield.

Position	TTM	2025	2024	2023	2022	2021
BBLU Ea Bridgeway Blue Chip ETF	1.13%	1.25%	1.39%	1.68%	32.08%	0.00%
JHQTX JPMorgan Hedged Equity 3 Fund	0.48%	0.50%	0.70%	0.94%	1.99%	0.36%

Frequently Asked Questions

Can I hold both BBLU and JHQTX in my portfolio?

BBLU and JHQTX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBLU or JHQTX?

BBLU has higher volatility (2.83%) compared to JHQTX (0.73%). In terms of maximum drawdown, BBLU dropped -17.20% vs JHQTX's -18.72%.

Which has better risk-adjusted returns?

BBLU currently has the higher Sharpe Ratio (2.64 vs 1.98), 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.