BBSC vs. JEPQ

Last updated Jun 4, 2026

BBSC (JPMorgan BetaBuilders U.S. Small Cap Equity ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - BBSC is a Small Cap Blend Equities fund tracking the Morningstar US Small Cap Target Market Exposure Extended Index, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, BBSC returned 17.34%/yr vs 20.92%/yr for JEPQ. A 0.68 correlation means they provide meaningful diversification when combined. BBSC charges 0.09%/yr vs 0.35%/yr for JEPQ.

Performance

BBSC vs. JEPQ - 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 JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBSC achieves a 15.75% return, which is significantly higher than JEPQ's 9.54% return.

BBSC

• 1D: -1.11%
• 1M: 2.71%
• YTD: 15.75%
• 6M: 14.20%
• 1Y: 35.98%
• 3Y*: 17.34%
• 5Y*: 6.64%
• 10Y*: —

JEPQ

• 1D: -0.10%
• 1M: 4.31%
• YTD: 9.54%
• 6M: 9.75%
• 1Y: 29.00%
• 3Y*: 20.92%
• 5Y*: —
• 10Y*: —

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

BBSC vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF	15.75%	10.38%	12.31%	20.07%	-8.73%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.54%	15.18%	24.85%	36.28%	-12.89%

Correlation

The correlation between BBSC and JEPQ is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.68

The correlation between BBSC and JEPQ has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.

BBSC vs. JEPQ - Sectors Allocation Comparison

Sectors	BBSC	JEPQ
Technology	18.5%	54.0%
Financial Services	16.9%	0.4%
Healthcare	15.7%	4.4%
Industrials	14.9%	3.1%
Consumer Cyclical	9.0%	12.8%
Real Estate	7.7%	0.2%
Energy	6.4%	0.4%
Basic Materials	4.1%	1.0%
Consumer Defensive	3.2%	7.1%
Communication Services	2.4%	15.4%
Utilities	1.2%	1.3%

Return for Risk

BBSC vs. JEPQ — Risk / Return Rank

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

BBSC

BBSC Risk / Return Rank: 61
BBSC Sharpe Ratio Rank: 55
BBSC Sortino Ratio Rank: 56
BBSC Omega Ratio Rank: 50
BBSC Calmar Ratio Rank: 75
BBSC Martin Ratio Rank: 67

JEPQ

JEPQ Risk / Return Rank: 74
JEPQ Sharpe Ratio Rank: 74
JEPQ Sortino Ratio Rank: 71
JEPQ Omega Ratio Rank: 80
JEPQ Calmar Ratio Rank: 65
JEPQ Martin Ratio Rank: 80

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. JEPQ - 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 JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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.

	BBSC	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	1.90	2.49	-0.59
Sortino ratio: Return per unit of downside risk	2.70	3.29	-0.59
Omega ratio: Gain probability vs. loss probability	1.32	1.49	-0.17
Calmar ratio: Return relative to maximum drawdown	3.79	3.31	+0.49
Martin ratio: Return relative to average drawdown	12.35	16.22	-3.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBSC vs. JEPQ - Sharpe Ratio Comparison

The current BBSC Sharpe Ratio is 1.90, which is comparable to the JEPQ Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of BBSC and JEPQ, 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

	BBSC	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	2.49	-0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	1.00	-0.52

Drawdowns

BBSC vs. JEPQ - Drawdown Comparison

The maximum BBSC drawdown since its inception was -30.96%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for BBSC and JEPQ.

Drawdown Indicators

	BBSC	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-30.96%	-20.07%	-10.89%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-8.82%	-0.72%
Max Drawdown (3Y) Largest decline over 3 years	-29.32%	-20.07%	-9.25%
Max Drawdown (5Y) Largest decline over 5 years	-30.96%	—	—
Current Drawdown Current decline from peak	-1.48%	-0.10%	-1.38%
Average Drawdown Average peak-to-trough decline	-11.49%	-3.42%	-8.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	1.79%	+1.13%

Volatility

BBSC vs. JEPQ - Volatility Comparison

JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC) has a higher volatility of 4.91% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.26%. This indicates that BBSC's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBSC	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.91%	1.26%	+3.65%
Volatility (6M) Calculated over the trailing 6-month period	12.98%	9.07%	+3.91%
Volatility (1Y) Calculated over the trailing 1-year period	19.12%	11.73%	+7.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.93%	16.61%	+6.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.86%	16.61%	+6.25%

BBSC vs. JEPQ - Expense Ratio Comparison

BBSC has a 0.09% expense ratio, which is lower than JEPQ's 0.35% expense ratio.

Dividends

BBSC vs. JEPQ - Dividend Comparison

BBSC's dividend yield for the trailing twelve months is around 1.03%, less than JEPQ's 10.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF	1.03%	1.13%	1.29%	1.58%	1.37%	1.06%	0.18%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.07%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBSC and JEPQ in my portfolio?

BBSC and JEPQ have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBSC or JEPQ?

BBSC has higher volatility (4.91%) compared to JEPQ (1.26%). In terms of maximum drawdown, BBSC dropped -30.96% vs JEPQ's -20.07%.

Which ETF is better, BBSC or JEPQ?

On 3-year performance, JEPQ leads with 20.92% vs 17.34% for BBSC. On fees, BBSC is cheaper at 0.09% per year. On volatility, JEPQ has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBSC or JEPQ?

Over the 3-year period, JEPQ has performed better with a 20.92% return vs 17.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBSC or JEPQ?

BBSC is cheaper with a 0.09% expense ratio, compared with 0.35% for JEPQ.

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

JEPQ has the higher dividend yield at 10.07%, compared with 1.03% for BBSC.

What is the main difference between BBSC and JEPQ?

BBSC is categorized as Small Cap Blend Equities, while JEPQ is Nasdaq-100. BBSC tracks Morningstar US Small Cap Target Market Exposure Extended Index, while JEPQ tracks Nasdaq-100 Index. Their fees differ too: 0.09% for BBSC and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.49 vs 1.90), 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.