BBMC vs. VOE
Compare and contrast key facts about JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) and Vanguard Mid-Cap Value ETF (VOE).
BBMC and VOE 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. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006. Both BBMC and VOE 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 VOE.
Key characteristics
| BBMC | VOE | |
|---|---|---|
| YTD Return | 1.60% | -3.78% |
| 1Y Return | -2.38% | -7.83% |
| 5Y Return (Ann) | 15.54% | 5.55% |
| 10Y Return (Ann) | 15.54% | 8.55% |
| Sharpe Ratio | -0.00 | -0.30 |
| Daily Std Dev | 24.31% | 20.39% |
| Max Drawdown | -30.11% | -61.55% |
Correlation
The correlation between BBMC and VOE is 0.85, 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. VOE - Performance Comparison
In the year-to-date period, BBMC achieves a 1.60% return, which is significantly lower than VOE's -3.78% return. Over the past 10 years, BBMC has outperformed VOE with an annualized return of 15.54%, while VOE has yielded a comparatively lower 8.55% annualized 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. VOE - Dividend Comparison
BBMC's dividend yield for the trailing twelve months is around 1.70%, less than VOE's 2.91% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 1.70% | 1.48% | 0.89% | 0.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOE Vanguard Mid-Cap Value ETF | 2.91% | 2.29% | 1.83% | 2.48% | 2.21% | 3.03% | 2.10% | 2.21% | 2.40% | 2.00% | 1.87% | 2.39% |
BBMC vs. VOE - Expense Ratio Comparison
BBMC vs. VOE - 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 Mid-Cap Value ETF (VOE). 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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | -0.00 | ||||
VOE Vanguard Mid-Cap Value ETF | -0.30 |
BBMC vs. VOE - Drawdown Comparison
The maximum BBMC drawdown for the period was -25.46%, lower than the maximum VOE drawdown of -15.28%. The drawdown chart below compares losses from any high point along the way for BBMC and VOE
BBMC vs. VOE - Volatility Comparison
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) has a higher volatility of 5.02% compared to Vanguard Mid-Cap Value ETF (VOE) at 4.06%. This indicates that BBMC's price experiences larger fluctuations and is considered to be riskier than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.