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BBMC vs. MGK

Last updated Jun 3, 2023

Compare and contrast key facts about JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) and Vanguard Mega Cap Growth ETF (MGK).

BBMC and MGK 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. MGK is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Growth Index. It was launched on Dec 17, 2007. Both BBMC and MGK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBMC or MGK.

Key characteristics


BBMCMGK
YTD Return4.44%31.39%
1Y Return-2.53%11.66%
5Y Return (Ann)16.50%14.47%
10Y Return (Ann)16.50%15.02%
Sharpe Ratio-0.010.55
Daily Std Dev24.27%27.43%
Max Drawdown-30.11%-48.36%

Correlation

0.76
-1.001.00

The correlation between BBMC and MGK 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.

BBMC vs. MGK - Performance Comparison

In the year-to-date period, BBMC achieves a 4.44% return, which is significantly lower than MGK's 31.39% return. Over the past 10 years, BBMC has outperformed MGK with an annualized return of 16.50%, while MGK has yielded a comparatively lower 15.02% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%-5.00%0.00%5.00%10.00%15.00%20.00%25.00%2023FebruaryMarchAprilMayJune
0.57%
22.30%
BBMC
MGK

Compare stocks, funds, or ETFs


Vanguard Mega Cap Growth ETF

BBMC vs. MGK - Dividend Comparison

BBMC's dividend yield for the trailing twelve months is around 1.66%, more than MGK's 0.66% yield.


TTM20222021202020192018201720162015201420132012
BBMC
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
1.66%1.48%0.89%0.70%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
MGK
Vanguard Mega Cap Growth ETF
0.66%0.70%0.42%0.66%0.87%1.15%1.28%1.61%1.53%1.36%1.42%1.85%

BBMC vs. MGK - Expense Ratio Comparison

Both BBMC and MGK have an expense ratio of 0.07%.

BBMC vs. MGK - 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 Vanguard Mega Cap Growth ETF (MGK). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
BBMC
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
-0.01
MGK
Vanguard Mega Cap Growth ETF
0.55

BBMC vs. MGK - Sharpe Ratio Comparison

The current BBMC Sharpe Ratio is -0.01, which is lower than the MGK Sharpe Ratio of 0.55. The chart below compares the 12-month rolling Sharpe Ratio of BBMC and MGK.


-1.00-0.500.000.502023FebruaryMarchAprilMayJune
-0.01
0.55
BBMC
MGK

BBMC vs. MGK - Drawdown Comparison

The maximum BBMC drawdown for the period was -25.46%, roughly equal to the maximum MGK drawdown of -35.95%. The drawdown chart below compares losses from any high point along the way for BBMC and MGK


-35.00%-30.00%-25.00%-20.00%-15.00%2023FebruaryMarchAprilMayJune
-20.67%
-13.92%
BBMC
MGK

BBMC vs. MGK - Volatility Comparison

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) has a higher volatility of 5.52% compared to Vanguard Mega Cap Growth ETF (MGK) at 4.67%. This indicates that BBMC's price experiences larger fluctuations and is considered to be riskier than MGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%2023FebruaryMarchAprilMayJune
5.52%
4.67%
BBMC
MGK