BBSC vs. VSEAX

Last updated Jun 4, 2026

BBSC (JPMorgan BetaBuilders U.S. Small Cap Equity ETF) and VSEAX (JPMorgan Small Cap Equity Fund) are both Small Cap Blend Equities funds from JPMorgan. Over the past 5 years, BBSC returned 6.64%/yr vs 2.68%/yr for VSEAX. Their correlation of 0.94 suggests significant overlap in exposure. BBSC charges 0.09%/yr vs 1.27%/yr for VSEAX.

Performance

BBSC vs. VSEAX - 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 Small Cap Equity Fund (VSEAX). 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 VSEAX's 8.78% return.

BBSC

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

VSEAX

• 1D: 0.54%
• 1M: 2.74%
• YTD: 8.78%
• 6M: 9.01%
• 1Y: 10.60%
• 3Y*: 9.13%
• 5Y*: 2.68%
• 10Y*: 8.61%

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

BBSC vs. VSEAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF	15.75%	10.38%	12.31%	20.07%	-19.75%	15.44%	11.94%
VSEAX JPMorgan Small Cap Equity Fund	8.78%	-2.63%	11.46%	11.71%	-16.27%	15.47%	6.27%

Correlation

The correlation between BBSC and VSEAX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Nov 18, 2020	0.94

The correlation between BBSC and VSEAX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

BBSC vs. VSEAX — 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

VSEAX

VSEAX Risk / Return Rank: 10
VSEAX Sharpe Ratio Rank: 9
VSEAX Sortino Ratio Rank: 10
VSEAX Omega Ratio Rank: 9
VSEAX Calmar Ratio Rank: 11
VSEAX Martin Ratio Rank: 10

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. VSEAX - 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 Small Cap Equity Fund (VSEAX). 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	VSEAX	Difference
Sharpe ratio: Return per unit of total volatility	1.90	0.73	+1.17
Sortino ratio: Return per unit of downside risk	2.70	1.18	+1.52
Omega ratio: Gain probability vs. loss probability	1.32	1.13	+0.18
Calmar ratio: Return relative to maximum drawdown	3.79	1.04	+2.75
Martin ratio: Return relative to average drawdown	12.35	2.81	+9.55
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. VSEAX - Sharpe Ratio Comparison

The current BBSC Sharpe Ratio is 1.90, which is higher than the VSEAX Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of BBSC and VSEAX, 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	VSEAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	0.73	+1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.14	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.57	-0.08

Drawdowns

BBSC vs. VSEAX - Drawdown Comparison

The maximum BBSC drawdown since its inception was -30.96%, smaller than the maximum VSEAX drawdown of -48.86%. Use the drawdown chart below to compare losses from any high point for BBSC and VSEAX.

Drawdown Indicators

	BBSC	VSEAX	Difference
Max Drawdown Largest peak-to-trough decline	-30.96%	-48.86%	+17.90%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-11.89%	+2.35%
Max Drawdown (3Y) Largest decline over 3 years	-29.32%	-24.44%	-4.88%
Max Drawdown (5Y) Largest decline over 5 years	-30.96%	-26.53%	-4.43%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.69%	—
Current Drawdown Current decline from peak	-1.48%	-1.48%	0.00%
Average Drawdown Average peak-to-trough decline	-11.49%	-8.08%	-3.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	4.38%	-1.46%

Volatility

BBSC vs. VSEAX - Volatility Comparison

JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC) has a higher volatility of 4.91% compared to JPMorgan Small Cap Equity Fund (VSEAX) at 3.89%. This indicates that BBSC's price experiences larger fluctuations and is considered to be riskier than VSEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBSC	VSEAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.91%	3.89%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	12.98%	12.03%	+0.95%
Volatility (1Y) Calculated over the trailing 1-year period	19.12%	16.88%	+2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.93%	19.60%	+3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.86%	20.66%	+2.20%

BBSC vs. VSEAX - Expense Ratio Comparison

BBSC has a 0.09% expense ratio, which is lower than VSEAX's 1.27% expense ratio.

Dividends

BBSC vs. VSEAX - Dividend Comparison

BBSC's dividend yield for the trailing twelve months is around 1.03%, less than VSEAX's 23.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF	1.03%	1.13%	1.29%	1.58%	1.37%	1.06%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%
VSEAX JPMorgan Small Cap Equity Fund	23.39%	25.45%	14.31%	4.81%	15.49%	22.80%	2.89%	4.96%	8.25%	5.99%	2.98%	8.31%

Frequently Asked Questions

Can I hold both BBSC and VSEAX in my portfolio?

With a correlation of 0.90, BBSC and VSEAX 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 VSEAX?

BBSC has higher volatility (4.91%) compared to VSEAX (3.89%). In terms of maximum drawdown, BBSC dropped -30.96% vs VSEAX's -48.86%.

Which has better risk-adjusted returns?

BBSC currently has the higher Sharpe Ratio (1.90 vs 0.73), 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.