BBMC vs. JPIE

Last updated Jun 4, 2026

BBMC (JPMorgan BetaBuilders U.S. Mid Cap Equity ETF) and JPIE (JPMorgan 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 JPIE is a Multisector Bonds fund actively managed by JPMorgan. BBMC is passively managed, while JPIE is actively managed. Over the past 3 years, BBMC returned 19.56%/yr vs 6.43%/yr for JPIE. At a 0.43 correlation, their price movements are largely independent. BBMC charges 0.07%/yr vs 0.41%/yr for JPIE.

Performance

BBMC vs. JPIE - 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 Income ETF (JPIE). 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 JPIE's 1.43% return.

BBMC

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

JPIE

• 1D: -0.13%
• 1M: 0.37%
• YTD: 1.43%
• 6M: 1.83%
• 1Y: 5.90%
• 3Y*: 6.43%
• 5Y*: —
• 10Y*: —

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

BBMC vs. JPIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF	16.66%	12.24%	15.15%	18.37%	-19.77%	-3.51%
JPIE JPMorgan Income ETF	1.43%	7.39%	6.32%	7.07%	-6.13%	0.30%

Correlation

The correlation between BBMC and JPIE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021	0.43

Return for Risk

BBMC vs. JPIE — 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

JPIE

JPIE Risk / Return Rank: 93
JPIE Sharpe Ratio Rank: 94
JPIE Sortino Ratio Rank: 96
JPIE Omega Ratio Rank: 96
JPIE Calmar Ratio Rank: 88
JPIE Martin Ratio Rank: 93

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. JPIE - 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 Income ETF (JPIE). 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	JPIE	Difference
Sharpe ratio: Return per unit of total volatility	2.04	3.73	-1.69
Sortino ratio: Return per unit of downside risk	2.86	5.87	-3.01
Omega ratio: Gain probability vs. loss probability	1.35	1.84	-0.49
Calmar ratio: Return relative to maximum drawdown	3.41	5.16	-1.76
Martin ratio: Return relative to average drawdown	13.41	25.53	-12.12
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. JPIE - Sharpe Ratio Comparison

The current BBMC Sharpe Ratio is 2.04, which is lower than the JPIE Sharpe Ratio of 3.73. The chart below compares the historical Sharpe Ratios of BBMC and JPIE, 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	JPIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	3.73	-1.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.98	-0.13

Drawdowns

BBMC vs. JPIE - Drawdown Comparison

The maximum BBMC drawdown since its inception was -30.11%, which is greater than JPIE's maximum drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for BBMC and JPIE.

Drawdown Indicators

	BBMC	JPIE	Difference
Max Drawdown Largest peak-to-trough decline	-30.11%	-9.96%	-20.15%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	-1.15%	-8.60%
Max Drawdown (3Y) Largest decline over 3 years	-24.18%	-2.40%	-21.78%
Max Drawdown (5Y) Largest decline over 5 years	-30.11%	—	—
Current Drawdown Current decline from peak	-0.12%	-0.13%	+0.01%
Average Drawdown Average peak-to-trough decline	-8.92%	-2.10%	-6.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	0.23%	+2.24%

Volatility

BBMC vs. JPIE - Volatility Comparison

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) has a higher volatility of 4.72% compared to JPMorgan Income ETF (JPIE) at 0.60%. This indicates that BBMC's price experiences larger fluctuations and is considered to be riskier than JPIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBMC	JPIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	0.60%	+4.12%
Volatility (6M) Calculated over the trailing 6-month period	12.14%	1.28%	+10.86%
Volatility (1Y) Calculated over the trailing 1-year period	16.32%	1.59%	+14.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.59%	3.52%	+17.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.08%	3.52%	+17.56%

BBMC vs. JPIE - Expense Ratio Comparison

BBMC has a 0.07% expense ratio, which is lower than JPIE's 0.41% expense ratio.

Dividends

BBMC vs. JPIE - Dividend Comparison

BBMC's dividend yield for the trailing twelve months is around 1.09%, less than JPIE's 5.62% 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%
JPIE JPMorgan Income ETF	5.62%	5.65%	6.11%	5.70%	4.49%	0.63%	0.00%

Frequently Asked Questions

Can I hold both BBMC and JPIE in my portfolio?

BBMC and JPIE have a correlation of 0.42, 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 JPIE?

BBMC has higher volatility (4.72%) compared to JPIE (0.60%). In terms of maximum drawdown, BBMC dropped -30.11% vs JPIE's -9.96%.

Which ETF is better, BBMC or JPIE?

On 3-year performance, BBMC leads with 19.56% vs 6.43% for JPIE. On fees, BBMC is cheaper at 0.07% per year. On volatility, JPIE has been the lower-risk option at 0.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBMC or JPIE?

Over the 3-year period, BBMC has performed better with a 19.56% return vs 6.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBMC or JPIE?

BBMC is cheaper with a 0.07% expense ratio, compared with 0.41% for JPIE.

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

JPIE has the higher dividend yield at 5.62%, compared with 1.09% for BBMC.

What is the main difference between BBMC and JPIE?

BBMC is categorized as Small Cap Growth Equities, while JPIE is Multisector Bonds. Their fees differ too: 0.07% for BBMC and 0.41% for JPIE.

Which has better risk-adjusted returns?

JPIE currently has the higher Sharpe Ratio (3.73 vs 2.04), 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.