BBMC vs. JEPQ
Compare and contrast key facts about JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
BBMC and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBMC is a passively managed fund by JPMorgan Chase that tracks the performance of the Morningstar US Mid Cap Target Market Exposure Extended Index. It was launched on Apr 14, 2020. JEPQ is an actively managed fund by JPMorgan Chase. It was launched on May 3, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBMC or JEPQ.
Key characteristics
| BBMC | JEPQ | |
|---|---|---|
| YTD Return | 2.18% | 7.85% |
| 1Y Return | 16.34% | 29.32% |
| Sharpe Ratio | 1.04 | 2.75 |
| Daily Std Dev | 16.59% | 10.73% |
| Max Drawdown | -30.11% | -16.82% |
| Current Drawdown | -8.12% | -2.62% |
Correlation
The correlation between BBMC and JEPQ is 0.76, 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
BBMC vs. JEPQ - Performance Comparison
In the year-to-date period, BBMC achieves a 2.18% return, which is significantly lower than JEPQ's 7.85% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BBMC vs. JEPQ - Expense Ratio Comparison
Risk-Adjusted Performance
BBMC vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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.
Dividends
BBMC vs. JEPQ - Dividend Comparison
BBMC's dividend yield for the trailing twelve months is around 1.31%, less than JEPQ's 9.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 1.31% | 1.36% | 1.48% | 0.87% | 0.69% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.15% | 10.02% | 9.44% | 0.00% | 0.00% |
Drawdowns
BBMC vs. JEPQ - Drawdown Comparison
The maximum BBMC drawdown since its inception was -30.11%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for BBMC and JEPQ. For additional features, visit the drawdowns tool.
Volatility
BBMC vs. JEPQ - Volatility Comparison
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) has a higher volatility of 4.64% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.39%. This indicates that BBMC's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.