BBM3.L vs. JEQP.L
BBM3.L (JPMorgan BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD (Acc)) and JEQP.L (JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP) are both exchange-traded funds - BBM3.L is a Government Bonds fund tracking the ICE 0-3 Month US Treasury Notes & Bills Index, while JEQP.L is a Nasdaq-100 fund actively managed by JPMorgan. BBM3.L is passively managed, while JEQP.L is actively managed. Over the past year, BBM3.L returned 4.93% vs 29.62% for JEQP.L. At a 0.24 correlation, their price movements are largely independent. BBM3.L charges 0.07%/yr vs 0.35%/yr for JEQP.L.
Performance
BBM3.L vs. JEQP.L - Performance Comparison
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Different Trading Currencies
BBM3.L is traded in GBP, while JEQP.L is traded in GBp. To make them comparable, the JEQP.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, BBM3.L achieves a 1.63% return, which is significantly lower than JEQP.L's 8.97% return.
BBM3.L
- 1D
- 0.09%
- 1M
- 1.32%
- YTD
- 1.63%
- 6M
- 1.18%
- 1Y
- 4.93%
- 3Y*
- 1.97%
- 5Y*
- 4.56%
- 10Y*
- —
JEQP.L
- 1D
- -0.35%
- 1M
- 4.81%
- YTD
- 8.97%
- 6M
- 9.21%
- 1Y
- 29.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BBM3.L vs. JEQP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BBM3.L JPMorgan BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD (Acc) | 1.63% | -2.96% | 3.61% |
JEQP.L JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP | 8.97% | 6.58% | 5.67% |
Correlation
The correlation between BBM3.L and JEQP.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024 | 0.24 |
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Return for Risk
BBM3.L vs. JEQP.L — Risk / Return Rank
BBM3.L
JEQP.L
BBM3.L vs. JEQP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD (Acc) (BBM3.L) and JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP (JEQP.L). 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.
| BBM3.L | JEQP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.50 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 5.23 | -4.14 |
| Martin ratioReturn relative to average drawdown | 2.71 | 19.59 | -16.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BBM3.L | JEQP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 2.63 | -1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.94 | -0.43 |
Drawdowns
BBM3.L vs. JEQP.L - Drawdown Comparison
The maximum BBM3.L drawdown since its inception was -15.27%, smaller than the maximum JEQP.L drawdown of -22.00%. Use the drawdown chart below to compare losses from any high point for BBM3.L and JEQP.L.
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Drawdown Indicators
| BBM3.L | JEQP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.27% | -22.00% | +6.73% |
Max Drawdown (1Y)Largest decline over 1 year | -4.52% | -5.64% | +1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -9.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.27% | — | — |
Current DrawdownCurrent decline from peak | -5.65% | -0.35% | -5.30% |
Average DrawdownAverage peak-to-trough decline | -6.31% | -4.92% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 1.51% | +0.30% |
Volatility
BBM3.L vs. JEQP.L - Volatility Comparison
JPMorgan BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD (Acc) (BBM3.L) has a higher volatility of 1.89% compared to JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP (JEQP.L) at 1.57%. This indicates that BBM3.L's price experiences larger fluctuations and is considered to be riskier than JEQP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBM3.L | JEQP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 1.57% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 4.68% | 7.83% | -3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.47% | 11.20% | -4.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.43% | 14.88% | -6.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.38% | 14.88% | -6.50% |
BBM3.L vs. JEQP.L - Expense Ratio Comparison
BBM3.L has a 0.07% expense ratio, which is lower than JEQP.L's 0.35% expense ratio.
Dividends
BBM3.L vs. JEQP.L - Dividend Comparison
BBM3.L has not paid dividends to shareholders, while JEQP.L's dividend yield for the trailing twelve months is around 10.21%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BBM3.L JPMorgan BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% |
JEQP.L JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP | 10.21% | 10.04% | 0.73% |
Frequently Asked Questions
BBM3.L and JEQP.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BBM3.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBM3.L is cheaper with a 0.07% expense ratio, compared with 0.35% for JEQP.L.
BBM3.L is categorized as Government Bonds, while JEQP.L is Nasdaq-100. Their fees differ too: 0.07% for BBM3.L and 0.35% for JEQP.L.
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