BBMC vs. JEPI

Last updated Jun 4, 2026

BBMC (JPMorgan BetaBuilders U.S. Mid Cap Equity ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - BBMC is a Small Cap Growth Equities fund tracking the Morningstar US Mid Cap Target Market Exposure Extended Index, while JEPI is a Dividend fund actively managed by JPMorgan. BBMC is passively managed, while JEPI is actively managed. Over the past 5 years, BBMC returned 8.32%/yr vs 7.26%/yr for JEPI. A 0.71 correlation means they provide meaningful diversification when combined. BBMC charges 0.07%/yr vs 0.35%/yr for JEPI.

Performance

BBMC vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBMC achieves a 16.66% return, which is significantly higher than JEPI's 0.15% return.

BBMC

• 1D: -0.12%
• 1M: 4.96%
• YTD: 16.66%
• 6M: 16.84%
• 1Y: 33.04%
• 3Y*: 19.56%
• 5Y*: 8.32%
• 10Y*: —

JEPI

• 1D: 0.14%
• 1M: -1.54%
• YTD: 0.15%
• 6M: 0.47%
• 1Y: 7.70%
• 3Y*: 8.88%
• 5Y*: 7.26%
• 10Y*: —

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

BBMC vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF	16.66%	12.24%	15.15%	18.37%	-19.77%	17.64%	42.83%
JEPI JPMorgan Equity Premium Income ETF	0.15%	8.09%	12.57%	9.83%	-3.49%	21.52%	18.61%

Correlation

The correlation between BBMC and JEPI is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since May 22, 2020	0.71

The correlation between BBMC and JEPI has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.

BBMC vs. JEPI - Sectors Allocation Comparison

Sectors	BBMC	JEPI
Technology	21.6%	19.1%
Industrials	18.6%	13.8%
Consumer Cyclical	11.5%	11.7%
Financial Services	10.6%	9.8%
Healthcare	10.0%	14.1%
Real Estate	6.3%	3.5%
Basic Materials	4.9%	1.9%
Consumer Defensive	3.5%	9.6%
Energy	3.1%	3.5%
Utilities	2.6%	6.2%
Communication Services	2.4%	6.9%

Return for Risk

BBMC vs. JEPI — Risk / Return Rank

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

BBMC

BBMC Risk / Return Rank: 63
BBMC Sharpe Ratio Rank: 60
BBMC Sortino Ratio Rank: 60
BBMC Omega Ratio Rank: 56
BBMC Calmar Ratio Rank: 68
BBMC Martin Ratio Rank: 71

JEPI

JEPI Risk / Return Rank: 26
JEPI Sharpe Ratio Rank: 27
JEPI Sortino Ratio Rank: 26
JEPI Omega Ratio Rank: 26
JEPI Calmar Ratio Rank: 24
JEPI Martin Ratio Rank: 26

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.

BBMC vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) and JPMorgan Equity Premium Income ETF (JEPI). 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.

	BBMC	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	2.04	0.99	+1.05
Sortino ratio: Return per unit of downside risk	2.86	1.47	+1.39
Omega ratio: Gain probability vs. loss probability	1.35	1.18	+0.17
Calmar ratio: Return relative to maximum drawdown	3.41	1.16	+2.25
Martin ratio: Return relative to average drawdown	13.41	3.73	+9.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBMC vs. JEPI - Sharpe Ratio Comparison

The current BBMC Sharpe Ratio is 2.04, which is higher than the JEPI Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of BBMC and JEPI, 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

	BBMC	JEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	0.99	+1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.66	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	1.01	-0.16

Drawdowns

BBMC vs. JEPI - Drawdown Comparison

The maximum BBMC drawdown since its inception was -30.11%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for BBMC and JEPI.

Drawdown Indicators

	BBMC	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-30.11%	-13.71%	-16.40%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	-6.68%	-3.07%
Max Drawdown (3Y) Largest decline over 3 years	-24.18%	-13.26%	-10.92%
Max Drawdown (5Y) Largest decline over 5 years	-30.11%	-13.71%	-16.40%
Current Drawdown Current decline from peak	-0.12%	-4.83%	+4.71%
Average Drawdown Average peak-to-trough decline	-8.92%	-2.12%	-6.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	2.07%	+0.40%

Volatility

BBMC vs. JEPI - Volatility Comparison

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) has a higher volatility of 4.72% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.35%. This indicates that BBMC's price experiences larger fluctuations and is considered to be riskier than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBMC	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	1.35%	+3.37%
Volatility (6M) Calculated over the trailing 6-month period	12.14%	6.07%	+6.07%
Volatility (1Y) Calculated over the trailing 1-year period	16.32%	7.85%	+8.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.59%	11.06%	+9.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.08%	10.80%	+10.28%

BBMC vs. JEPI - Expense Ratio Comparison

BBMC has a 0.07% expense ratio, which is lower than JEPI's 0.35% expense ratio.

Dividends

BBMC vs. JEPI - Dividend Comparison

BBMC's dividend yield for the trailing twelve months is around 1.09%, less than JEPI's 8.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF	1.09%	1.25%	1.31%	1.36%	1.48%	0.87%	0.69%
JEPI JPMorgan Equity Premium Income ETF	8.27%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%

Frequently Asked Questions

Can I hold both BBMC and JEPI in my portfolio?

BBMC and JEPI have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBMC or JEPI?

BBMC has higher volatility (4.72%) compared to JEPI (1.35%). In terms of maximum drawdown, BBMC dropped -30.11% vs JEPI's -13.71%.

Which ETF is better, BBMC or JEPI?

On 5-year performance, BBMC leads with 8.32% vs 7.26% for JEPI. On fees, BBMC is cheaper at 0.07% per year. On volatility, JEPI has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBMC or JEPI?

Over the 5-year period, BBMC has performed better with a 8.32% return vs 7.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBMC or JEPI?

BBMC is cheaper with a 0.07% expense ratio, compared with 0.35% for JEPI.

Which ETF pays a higher dividend yield, BBMC or JEPI?

JEPI has the higher dividend yield at 8.27%, compared with 1.09% for BBMC.

What is the main difference between BBMC and JEPI?

BBMC is categorized as Small Cap Growth Equities, while JEPI is Dividend. Their fees differ too: 0.07% for BBMC and 0.35% for JEPI.

Which has better risk-adjusted returns?

BBMC currently has the higher Sharpe Ratio (2.04 vs 0.99), 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.