BBSC vs. AFSC

Last updated Jun 25, 2026

BBSC (JPMorgan BetaBuilders U.S. Small Cap Equity ETF) and AFSC (abrdn Focused U.S. Small Cap Active ETF) are both Small Cap Blend Equities funds. BBSC is passively managed, while AFSC is actively managed. Over the past year, BBSC returned 38.10% vs 34.46% for AFSC. Their correlation of 0.92 suggests significant overlap in exposure. BBSC charges 0.09%/yr vs 0.65%/yr for AFSC.

Performance

BBSC vs. AFSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC) and abrdn Focused U.S. Small Cap Active ETF (AFSC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBSC achieves a 20.49% return, which is significantly lower than AFSC's 25.60% return.

BBSC

• 1D: 0.64%
• 1M: 4.77%
• YTD: 20.49%
• 6M: 17.40%
• 1Y: 38.10%
• 3Y*: 19.49%
• 5Y*: 6.95%
• 10Y*: —

AFSC

• 1D: 0.96%
• 1M: 7.77%
• YTD: 25.60%
• 6M: 20.44%
• 1Y: 34.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BBSC vs. AFSC - Yearly Performance Comparison

	2026 (YTD)	2025
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF	20.49%	8.49%
AFSC abrdn Focused U.S. Small Cap Active ETF	25.60%	2.33%

Correlation

The correlation between BBSC and AFSC is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (All Time) Calculated using the full available price history since Feb 18, 2025	0.92

The correlation between BBSC and AFSC has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

Return for Risk

BBSC vs. AFSC — Risk / Return Rank

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

BBSC

BBSC Risk / Return Rank: 72
BBSC Sharpe Ratio Rank: 69
BBSC Sortino Ratio Rank: 70
BBSC Omega Ratio Rank: 61
BBSC Calmar Ratio Rank: 83
BBSC Martin Ratio Rank: 77

AFSC

AFSC Risk / Return Rank: 67
AFSC Sharpe Ratio Rank: 64
AFSC Sortino Ratio Rank: 64
AFSC Omega Ratio Rank: 56
AFSC Calmar Ratio Rank: 76
AFSC Martin Ratio Rank: 77

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.

BBSC vs. AFSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC) and abrdn Focused U.S. Small Cap Active ETF (AFSC). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BBSC	AFSC	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.83	+0.16
Sortino ratio: Return per unit of downside risk	2.79	2.58	+0.22
Omega ratio: Gain probability vs. loss probability	1.33	1.30	+0.03
Calmar ratio: Return relative to maximum drawdown	4.01	3.37	+0.65
Martin ratio: Return relative to average drawdown	13.12	12.79	+0.33

BBSC vs. AFSC - Sharpe Ratio Comparison

The current BBSC Sharpe Ratio is 1.98, which is comparable to the AFSC Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of BBSC and AFSC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BBSC vs. AFSC - Drawdown Comparison

The maximum BBSC drawdown since its inception was -30.96%, which is greater than AFSC's maximum drawdown of -21.93%. Use the drawdown chart below to compare losses from any high point for BBSC and AFSC.

Drawdown Indicators

	BBSC	AFSC	Difference
Max Drawdown Largest peak-to-trough decline	-30.96%	-21.93%	-9.03%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-10.29%	+0.75%
Max Drawdown (3Y) Largest decline over 3 years	-29.32%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.96%	—	—
Current Drawdown Current decline from peak	0.00%	-0.34%	+0.34%
Average Drawdown Average peak-to-trough decline	-11.38%	-4.11%	-7.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	2.70%	+0.21%

Volatility

BBSC vs. AFSC - Volatility Comparison

JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC) and abrdn Focused U.S. Small Cap Active ETF (AFSC) have volatilities of 5.45% and 5.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBSC	AFSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	5.48%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	13.39%	14.61%	-1.22%
Volatility (1Y) Calculated over the trailing 1-year period	19.36%	18.98%	+0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.97%	22.49%	+0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.83%	22.49%	+0.34%

BBSC vs. AFSC - Expense Ratio Comparison

BBSC has a 0.09% expense ratio, which is lower than AFSC's 0.65% expense ratio.

Dividends

BBSC vs. AFSC - Dividend Comparison

BBSC's dividend yield for the trailing twelve months is around 1.01%, more than AFSC's 0.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
AFSC abrdn Focused U.S. Small Cap Active ETF	0.06%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF	1.01%	1.13%	1.29%	1.58%	1.37%	1.06%	0.18%

Frequently Asked Questions

Can I hold both BBSC and AFSC in my portfolio?

With a correlation of 0.91, BBSC and AFSC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BBSC or AFSC?

AFSC has higher volatility (5.48%) compared to BBSC (5.45%). In terms of maximum drawdown, BBSC dropped -30.96% vs AFSC's -21.93%.

Which ETF is better, BBSC or AFSC?

On 1-year performance, BBSC leads with 38.10% vs 34.46% for AFSC. On fees, BBSC is cheaper at 0.09% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBSC or AFSC?

Over the 1-year period, BBSC has performed better with a 38.10% return vs 34.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBSC or AFSC?

BBSC is cheaper with a 0.09% expense ratio, compared with 0.65% for AFSC.

Which ETF pays a higher dividend yield, BBSC or AFSC?

BBSC has the higher dividend yield at 1.01%, compared with 0.06% for AFSC.

What is the main difference between BBSC and AFSC?

They also come from different issuers: JPMorgan and Aberdeen. Their fees differ too: 0.09% for BBSC and 0.65% for AFSC.

Which has better risk-adjusted returns?

BBSC currently has the higher Sharpe Ratio (1.98 vs 1.83), 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.