BBSU.L vs. VNRG.L

Last updated Jun 26, 2026

BBSU.L (JPMorgan BetaBuilders US Equity UCITS ETF (Acc)) and VNRG.L (Vanguard FTSE North America UCITS ETF (USD) Accumulating) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from JPMorgan and Vanguard respectively. Both are passively managed. Over the past 5 years, BBSU.L returned 13.69%/yr vs 13.51%/yr for VNRG.L. With a 1.00 correlation, they move nearly in lockstep. BBSU.L charges 0.05%/yr vs 0.10%/yr for VNRG.L.

Performance

BBSU.L vs. VNRG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan BetaBuilders US Equity UCITS ETF (Acc) (BBSU.L) and Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BBSU.L is traded in GBp, while VNRG.L is traded in GBP. To make them comparable, the VNRG.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, BBSU.L achieves a 10.29% return, which is significantly higher than VNRG.L's 9.19% return.

BBSU.L

• 1D: 0.93%
• 1M: 1.04%
• YTD: 10.29%
• 6M: 10.46%
• 1Y: 26.55%
• 3Y*: 19.46%
• 5Y*: 13.69%
• 10Y*: —

VNRG.L

• 1D: -0.92%
• 1M: -0.01%
• YTD: 9.19%
• 6M: 9.35%
• 1Y: 25.55%
• 3Y*: 19.37%
• 5Y*: 13.51%
• 10Y*: —

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

BBSU.L vs. VNRG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BBSU.L JPMorgan BetaBuilders US Equity UCITS ETF (Acc)	10.29%	9.39%	27.19%	20.71%	-10.46%	29.25%	16.07%	2.10%
VNRG.L Vanguard FTSE North America UCITS ETF (USD) Accumulating	9.19%	10.01%	27.28%	19.88%	-9.85%	28.98%	16.98%	1.78%

Correlation

The correlation between BBSU.L and VNRG.L is 0.99 - 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	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019	1.00

The correlation between BBSU.L and VNRG.L has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

BBSU.L vs. VNRG.L - Sectors Allocation Comparison

Sectors	BBSU.L	VNRG.L
Technology	35.4%	37.8%
Financial Services	11.8%	12.3%
Communication Services	11.5%	10.4%
Consumer Cyclical	10.1%	9.6%
Healthcare	8.6%	8.0%
Industrials	8.4%	7.8%
Consumer Defensive	4.8%	4.3%
Energy	3.6%	3.9%
Utilities	2.3%	2.1%
Real Estate	1.8%	1.6%
Basic Materials	1.7%	2.3%

Return for Risk

BBSU.L vs. VNRG.L — Risk / Return Rank

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

BBSU.L

BBSU.L Risk / Return Rank: 81
BBSU.L Sharpe Ratio Rank: 86
BBSU.L Sortino Ratio Rank: 84
BBSU.L Omega Ratio Rank: 86
BBSU.L Calmar Ratio Rank: 76
BBSU.L Martin Ratio Rank: 72

VNRG.L

VNRG.L Risk / Return Rank: 81
VNRG.L Sharpe Ratio Rank: 84
VNRG.L Sortino Ratio Rank: 83
VNRG.L Omega Ratio Rank: 83
VNRG.L Calmar Ratio Rank: 78
VNRG.L 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.

BBSU.L vs. VNRG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders US Equity UCITS ETF (Acc) (BBSU.L) and Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRG.L). 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.

	BBSU.L	VNRG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.44	2.35	+0.09
Sortino ratio: Return per unit of downside risk	3.28	3.19	+0.08
Omega ratio: Gain probability vs. loss probability	1.45	1.43	+0.02
Calmar ratio: Return relative to maximum drawdown	3.44	3.56	-0.12
Martin ratio: Return relative to average drawdown	11.81	12.79	-0.98

BBSU.L vs. VNRG.L - Sharpe Ratio Comparison

The current BBSU.L Sharpe Ratio is 2.44, which is comparable to the VNRG.L Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of BBSU.L and VNRG.L, 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

BBSU.L vs. VNRG.L - Drawdown Comparison

The maximum BBSU.L drawdown since its inception was -25.80%, roughly equal to the maximum VNRG.L drawdown of -26.12%. Use the drawdown chart below to compare losses from any high point for BBSU.L and VNRG.L.

Drawdown Indicators

	BBSU.L	VNRG.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.80%	-26.12%	+0.32%
Max Drawdown (1Y) Largest decline over 1 year	-7.80%	-7.15%	-0.65%
Max Drawdown (3Y) Largest decline over 3 years	-21.42%	-20.91%	-0.51%
Max Drawdown (5Y) Largest decline over 5 years	-21.42%	-20.91%	-0.51%
Current Drawdown Current decline from peak	-0.54%	-1.53%	+0.99%
Average Drawdown Average peak-to-trough decline	-3.70%	-3.66%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	1.99%	+0.28%

Volatility

BBSU.L vs. VNRG.L - Volatility Comparison

JPMorgan BetaBuilders US Equity UCITS ETF (Acc) (BBSU.L) and Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRG.L) have volatilities of 3.63% and 3.51%, 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

	BBSU.L	VNRG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	3.51%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	7.78%	7.65%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	10.99%	10.81%	+0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.52%	14.37%	+0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.09%	16.19%	-0.10%

BBSU.L vs. VNRG.L - Expense Ratio Comparison

BBSU.L has a 0.05% expense ratio, which is lower than VNRG.L's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BBSU.L vs. VNRG.L - Dividend Comparison

Neither BBSU.L nor VNRG.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
BBSU.L JPMorgan BetaBuilders US Equity UCITS ETF (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VNRG.L Vanguard FTSE North America UCITS ETF (USD) Accumulating	0.00%	0.00%	0.27%	0.00%	0.00%	0.00%	0.97%

Frequently Asked Questions

Can I hold both BBSU.L and VNRG.L in my portfolio?

With a correlation of 0.99, BBSU.L and VNRG.L 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 ETF is better, BBSU.L or VNRG.L?

On fees, BBSU.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BBSU.L or VNRG.L?

BBSU.L is cheaper with a 0.05% expense ratio, compared with 0.10% for VNRG.L.

What is the main difference between BBSU.L and VNRG.L?

Both ETFs track Russell 1000 TR USD. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.05% for BBSU.L and 0.10% for VNRG.L.