BBSC vs. OVS

Last updated Jun 5, 2026

BBSC (JPMorgan BetaBuilders U.S. Small Cap Equity ETF) and OVS (Overlay Shares Small Cap Equity ETF) are both Small Cap Blend Equities funds. BBSC is passively managed, while OVS is actively managed. Over the past 5 years, BBSC returned 6.97%/yr vs 6.29%/yr for OVS. With a 0.97 correlation, they move nearly in lockstep. BBSC charges 0.09%/yr vs 0.83%/yr for OVS.

Performance

BBSC vs. OVS - 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 Overlay Shares Small Cap Equity ETF (OVS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBSC achieves a 17.51% return, which is significantly lower than OVS's 19.21% return.

BBSC

• 1D: 1.52%
• 1M: 2.61%
• YTD: 17.51%
• 6M: 15.05%
• 1Y: 38.14%
• 3Y*: 18.46%
• 5Y*: 6.97%
• 10Y*: —

OVS

• 1D: 1.33%
• 1M: 1.86%
• YTD: 19.21%
• 6M: 18.24%
• 1Y: 38.63%
• 3Y*: 17.40%
• 5Y*: 6.29%
• 10Y*: —

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

BBSC vs. OVS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF	17.51%	10.38%	12.31%	20.07%	-19.75%	15.44%	11.94%
OVS Overlay Shares Small Cap Equity ETF	19.21%	6.15%	11.07%	17.20%	-19.99%	30.15%	9.85%

Correlation

The correlation between BBSC and OVS is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Nov 18, 2020	0.97

The correlation between BBSC and OVS has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

BBSC vs. OVS - Sectors Allocation Comparison

Sectors	BBSC	OVS
Technology	18.5%	15.3%
Financial Services	16.9%	17.0%
Healthcare	15.7%	11.0%
Industrials	14.9%	15.3%
Consumer Cyclical	9.0%	13.4%
Real Estate	7.7%	7.7%
Energy	6.4%	6.0%
Basic Materials	4.1%	5.2%
Consumer Defensive	3.2%	3.6%
Communication Services	2.4%	3.6%
Utilities	1.2%	2.0%

Return for Risk

BBSC vs. OVS — Risk / Return Rank

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

BBSC

BBSC Risk / Return Rank: 65
BBSC Sharpe Ratio Rank: 61
BBSC Sortino Ratio Rank: 61
BBSC Omega Ratio Rank: 55
BBSC Calmar Ratio Rank: 79
BBSC Martin Ratio Rank: 71

OVS

OVS Risk / Return Rank: 69
OVS Sharpe Ratio Rank: 61
OVS Sortino Ratio Rank: 62
OVS Omega Ratio Rank: 57
OVS Calmar Ratio Rank: 85
OVS Martin Ratio Rank: 78

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. OVS - 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 Overlay Shares Small Cap Equity ETF (OVS). 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	OVS	Difference
Sharpe ratio: Return per unit of total volatility	2.01	2.02	-0.01
Sortino ratio: Return per unit of downside risk	2.83	2.85	-0.02
Omega ratio: Gain probability vs. loss probability	1.33	1.34	-0.01
Calmar ratio: Return relative to maximum drawdown	4.02	4.56	-0.54
Martin ratio: Return relative to average drawdown	13.10	14.73	-1.63
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. OVS - Sharpe Ratio Comparison

The current BBSC Sharpe Ratio is 2.01, which is comparable to the OVS Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of BBSC and OVS, 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	OVS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	2.02	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.27	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.44	+0.06

Drawdowns

BBSC vs. OVS - Drawdown Comparison

The maximum BBSC drawdown since its inception was -30.96%, smaller than the maximum OVS drawdown of -45.09%. Use the drawdown chart below to compare losses from any high point for BBSC and OVS.

Drawdown Indicators

	BBSC	OVS	Difference
Max Drawdown Largest peak-to-trough decline	-30.96%	-45.09%	+14.13%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-8.51%	-1.03%
Max Drawdown (3Y) Largest decline over 3 years	-29.32%	-30.49%	+1.17%
Max Drawdown (5Y) Largest decline over 5 years	-30.96%	-30.49%	-0.47%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-11.48%	-11.34%	-0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	2.63%	+0.29%

Volatility

BBSC vs. OVS - Volatility Comparison

JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC) has a higher volatility of 4.88% compared to Overlay Shares Small Cap Equity ETF (OVS) at 4.52%. This indicates that BBSC's price experiences larger fluctuations and is considered to be riskier than OVS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBSC	OVS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	4.52%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	13.05%	13.05%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	19.11%	19.23%	-0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.94%	23.24%	-0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.86%	27.46%	-4.60%

BBSC vs. OVS - Expense Ratio Comparison

BBSC has a 0.09% expense ratio, which is lower than OVS's 0.83% expense ratio.

Dividends

BBSC vs. OVS - Dividend Comparison

BBSC's dividend yield for the trailing twelve months is around 1.02%, less than OVS's 6.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF	1.02%	1.13%	1.29%	1.58%	1.37%	1.06%	0.18%	0.00%
OVS Overlay Shares Small Cap Equity ETF	6.74%	3.69%	4.08%	3.19%	3.43%	4.05%	1.74%	0.54%

Frequently Asked Questions

Can I hold both BBSC and OVS in my portfolio?

With a correlation of 0.96, BBSC and OVS 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 OVS?

BBSC has higher volatility (4.88%) compared to OVS (4.52%). In terms of maximum drawdown, BBSC dropped -30.96% vs OVS's -45.09%.

Which ETF is better, BBSC or OVS?

On 5-year performance, BBSC leads with 6.97% vs 6.29% for OVS. On fees, BBSC is cheaper at 0.09% per year. On volatility, OVS has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBSC or OVS?

Over the 5-year period, BBSC has performed better with a 6.97% return vs 6.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBSC or OVS?

BBSC is cheaper with a 0.09% expense ratio, compared with 0.83% for OVS.

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

OVS has the higher dividend yield at 6.74%, compared with 1.02% for BBSC.

What is the main difference between BBSC and OVS?

They also come from different issuers: JPMorgan and Liquid Strategies. Their fees differ too: 0.09% for BBSC and 0.83% for OVS.

Which has better risk-adjusted returns?

OVS currently has the higher Sharpe Ratio (2.02 vs 2.01), 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.