BBUD.L vs. ESES.L
BBUD.L (JPM BetaBuilders US Equity UCITS ETF - USD (dist)) and ESES.L (Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc)) are both exchange-traded funds - BBUD.L is a Large Cap Blend Equities fund tracking the Morningstar US Target Market Exposure Index, while ESES.L is a Emerging Markets Equities fund tracking the MSCI EM Universal Select Business Screens Index. Both are passively managed. Over the past 5 years, BBUD.L returned 12.46%/yr vs 7.17%/yr for ESES.L. A 0.58 correlation means they provide meaningful diversification when combined. BBUD.L charges 0.05%/yr vs 0.19%/yr for ESES.L.
Performance
BBUD.L vs. ESES.L - Performance Comparison
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Different Trading Currencies
BBUD.L is traded in USD, while ESES.L is traded in GBp. To make them comparable, the ESES.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BBUD.L achieves a 9.91% return, which is significantly lower than ESES.L's 23.76% return.
BBUD.L
- 1D
- 0.06%
- 1M
- 0.34%
- 6M
- 8.63%
- YTD
- 9.91%
- 1Y
- 21.77%
- 3Y*
- 19.99%
- 5Y*
- 12.46%
- 10Y*
- —
ESES.L
- 1D
- 0.43%
- 1M
- -4.19%
- 6M
- 16.91%
- YTD
- 23.76%
- 1Y
- 41.09%
- 3Y*
- 20.32%
- 5Y*
- 7.17%
- 10Y*
- —
BBUD.L vs. ESES.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BBUD.L JPM BetaBuilders US Equity UCITS ETF - USD (dist) | 9.91% | 17.41% | 25.12% | 27.64% | -19.95% | 9.75% |
ESES.L Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) | 23.76% | 33.41% | 5.75% | 8.37% | -20.64% | 6,714.49% |
Correlation
The correlation between BBUD.L and ESES.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2021 | 0.58 |
The correlation between BBUD.L and ESES.L has been stable across timeframes, ranging from 0.57 to 0.62 - a consistent structural relationship.
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Return for Risk
BBUD.L vs. ESES.L — Risk / Return Rank
BBUD.L
ESES.L
BBUD.L vs. ESES.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM BetaBuilders US Equity UCITS ETF - USD (dist) (BBUD.L) and Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) (ESES.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.
| BBUD.L | ESES.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.36 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 3.11 | -0.65 |
| Martin ratioReturn relative to average drawdown | 10.00 | 10.76 | -0.77 |
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Drawdowns
BBUD.L vs. ESES.L - Drawdown Comparison
The maximum BBUD.L drawdown since its inception was -34.19%, roughly equal to the maximum ESES.L drawdown of -35.50%. Use the drawdown chart below to compare losses from any high point for BBUD.L and ESES.L.
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Drawdown Indicators
| BBUD.L | ESES.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.19% | -35.50% | +1.31% |
Max Drawdown (1Y)Largest decline over 1 year | -8.61% | -13.13% | +4.52% |
Max Drawdown (3Y)Largest decline over 3 years | -19.33% | -21.98% | +2.65% |
Max Drawdown (5Y)Largest decline over 5 years | -25.33% | -35.11% | +9.78% |
Current DrawdownCurrent decline from peak | -0.66% | -5.83% | +5.17% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -13.87% | +8.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 3.81% | -1.69% |
Volatility
BBUD.L vs. ESES.L - Volatility Comparison
The current volatility for JPM BetaBuilders US Equity UCITS ETF - USD (dist) (BBUD.L) is 3.03%, while Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) (ESES.L) has a volatility of 7.58%. This indicates that BBUD.L experiences smaller price fluctuations and is considered to be less risky than ESES.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBUD.L | ESES.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 7.58% | -4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 18.72% | -9.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.14% | 20.74% | -8.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.21% | 23.54% | -7.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.73% | 3,192.34% | -3,174.61% |
BBUD.L vs. ESES.L - Expense Ratio Comparison
BBUD.L has a 0.05% expense ratio, which is lower than ESES.L's 0.19% 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
BBUD.L vs. ESES.L - Dividend Comparison
BBUD.L's dividend yield for the trailing twelve months is around 1.10%, while ESES.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BBUD.L JPM BetaBuilders US Equity UCITS ETF - USD (dist) | 1.10% | 1.10% | 1.01% | 1.29% | 1.46% | 0.95% | 1.37% | 0.74% |
ESES.L Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BBUD.L and ESES.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BBUD.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBUD.L is cheaper with a 0.05% expense ratio, compared with 0.19% for ESES.L.
BBUD.L is categorized as Large Cap Blend Equities, while ESES.L is Emerging Markets Equities. BBUD.L tracks Morningstar US Target Market Exposure Index, while ESES.L tracks MSCI EM Universal Select Business Screens Index. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.05% for BBUD.L and 0.19% for ESES.L.
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