BBSB vs. JEPI

Last updated Jun 5, 2026

BBSB (JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - BBSB is a Government Bonds fund tracking the ICE U.S. Treasury 1-3 Year Bond Index, while JEPI is a Dividend fund actively managed by JPMorgan. BBSB is passively managed, while JEPI is actively managed. Over the past 3 years, BBSB returned 4.15%/yr vs 9.05%/yr for JEPI. At a 0.06 correlation, their price movements are largely independent. BBSB charges 0.04%/yr vs 0.35%/yr for JEPI.

Performance

BBSB vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) 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, BBSB achieves a 0.55% return, which is significantly lower than JEPI's 0.69% return.

BBSB

• 1D: 0.07%
• 1M: 0.13%
• YTD: 0.55%
• 6M: 0.88%
• 1Y: 3.32%
• 3Y*: 4.15%
• 5Y*: —
• 10Y*: —

JEPI

• 1D: 0.54%
• 1M: -0.71%
• YTD: 0.69%
• 6M: 1.05%
• 1Y: 8.25%
• 3Y*: 9.05%
• 5Y*: 7.37%
• 10Y*: —

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

BBSB vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF	0.55%	5.12%	4.00%	2.56%
JEPI JPMorgan Equity Premium Income ETF	0.69%	8.09%	12.57%	6.30%

Correlation

The correlation between BBSB and JEPI is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (All Time) Calculated using the full available price history since Apr 21, 2023	0.06

The correlation between BBSB and JEPI shifts across timeframes, from 0.06 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.

BBSB vs. JEPI - Sectors Allocation Comparison

Sectors	BBSB	JEPI
Communication Services	99.7%	6.9%
Basic Materials	-	1.9%
Consumer Cyclical	-	11.7%
Consumer Defensive	-	9.6%
Energy	-	3.5%
Financial Services	-	9.8%
Healthcare	-	14.1%
Industrials	-	13.8%
Real Estate	-	3.5%
Technology	-	19.1%
Utilities	-	6.2%

Return for Risk

BBSB vs. JEPI — Risk / Return Rank

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

BBSB

BBSB Risk / Return Rank: 84
BBSB Sharpe Ratio Rank: 82
BBSB Sortino Ratio Rank: 93
BBSB Omega Ratio Rank: 88
BBSB Calmar Ratio Rank: 77
BBSB Martin Ratio Rank: 82

JEPI

JEPI Risk / Return Rank: 29
JEPI Sharpe Ratio Rank: 30
JEPI Sortino Ratio Rank: 30
JEPI Omega Ratio Rank: 30
JEPI Calmar Ratio Rank: 27
JEPI Martin Ratio Rank: 28

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.

BBSB vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) 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.

	BBSB	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	2.64	1.05	+1.59
Sortino ratio: Return per unit of downside risk	4.47	1.57	+2.90
Omega ratio: Gain probability vs. loss probability	1.54	1.19	+0.35
Calmar ratio: Return relative to maximum drawdown	3.89	1.24	+2.65
Martin ratio: Return relative to average drawdown	16.07	3.96	+12.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBSB vs. JEPI - Sharpe Ratio Comparison

The current BBSB Sharpe Ratio is 2.64, which is higher than the JEPI Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of BBSB 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

	BBSB	JEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	1.05	+1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.36	1.02	+1.35

Drawdowns

BBSB vs. JEPI - Drawdown Comparison

The maximum BBSB drawdown since its inception was -1.57%, smaller than the maximum JEPI drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for BBSB and JEPI.

Drawdown Indicators

	BBSB	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-1.57%	-13.71%	+12.14%
Max Drawdown (1Y) Largest decline over 1 year	-0.86%	-6.68%	+5.82%
Max Drawdown (3Y) Largest decline over 3 years	-0.96%	-13.26%	+12.30%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.71%	—
Current Drawdown Current decline from peak	-0.18%	-4.31%	+4.13%
Average Drawdown Average peak-to-trough decline	-0.31%	-2.12%	+1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.21%	2.08%	-1.87%

Volatility

BBSB vs. JEPI - Volatility Comparison

The current volatility for JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) is 0.36%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 1.46%. This indicates that BBSB experiences smaller price fluctuations and is considered to be less risky than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBSB	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.36%	1.46%	-1.10%
Volatility (6M) Calculated over the trailing 6-month period	0.85%	6.10%	-5.25%
Volatility (1Y) Calculated over the trailing 1-year period	1.27%	7.87%	-6.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.66%	11.06%	-9.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.66%	10.80%	-9.14%

BBSB vs. JEPI - Expense Ratio Comparison

BBSB has a 0.04% expense ratio, which is lower than JEPI's 0.35% expense ratio.

Dividends

BBSB vs. JEPI - Dividend Comparison

BBSB's dividend yield for the trailing twelve months is around 3.81%, less than JEPI's 8.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF	3.81%	3.69%	4.84%	3.50%	0.00%	0.00%	0.00%
JEPI JPMorgan Equity Premium Income ETF	8.23%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%

Frequently Asked Questions

Can I hold both BBSB and JEPI in my portfolio?

BBSB and JEPI have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBSB or JEPI?

JEPI has higher volatility (1.46%) compared to BBSB (0.36%). In terms of maximum drawdown, BBSB dropped -1.57% vs JEPI's -13.71%.

Which ETF is better, BBSB or JEPI?

On 3-year performance, JEPI leads with 9.05% vs 4.15% for BBSB. On fees, BBSB is cheaper at 0.04% per year. On volatility, BBSB has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBSB or JEPI?

Over the 3-year period, JEPI has performed better with a 9.05% return vs 4.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBSB or JEPI?

BBSB is cheaper with a 0.04% expense ratio, compared with 0.35% for JEPI.

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

JEPI has the higher dividend yield at 8.23%, compared with 3.81% for BBSB.

What is the main difference between BBSB and JEPI?

BBSB is categorized as Government Bonds, while JEPI is Dividend. Their fees differ too: 0.04% for BBSB and 0.35% for JEPI.

Which has better risk-adjusted returns?

BBSB currently has the higher Sharpe Ratio (2.64 vs 1.05), 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.