BBUD.L vs. FEXU.L

Last updated Jul 16, 2026

BBUD.L (JPM BetaBuilders US Equity UCITS ETF - USD (dist)) and FEXU.L (First Trust US Large Cap Core AlphaDEX UCITS ETF) are both Large Cap Blend Equities funds - BBUD.L tracks the Morningstar US Target Market Exposure Index while FEXU.L tracks the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, BBUD.L returned 12.46%/yr vs 10.86%/yr for FEXU.L. Their correlation of 0.89 suggests significant overlap in exposure. BBUD.L charges 0.05%/yr vs 0.75%/yr for FEXU.L.

Performance

BBUD.L vs. FEXU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPM BetaBuilders US Equity UCITS ETF - USD (dist) (BBUD.L) and First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBUD.L achieves a 9.91% return, which is significantly lower than FEXU.L's 13.98% return.

BBUD.L

• 1D: 0.06%
• 1M: 0.07%
• 6M: 9.53%
• YTD: 9.91%
• 1Y: 21.06%
• 3Y*: 19.99%
• 5Y*: 12.46%
• 10Y*: —

FEXU.L

• 1D: -0.66%
• 1M: -2.13%
• 6M: 10.97%
• YTD: 13.98%
• 1Y: 23.64%
• 3Y*: 17.77%
• 5Y*: 10.86%
• 10Y*: 12.38%

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

BBUD.L vs. FEXU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BBUD.L JPM BetaBuilders US Equity UCITS ETF - USD (dist)	9.91%	17.41%	25.12%	27.64%	-19.95%	27.63%	20.16%	13.29%
FEXU.L First Trust US Large Cap Core AlphaDEX UCITS ETF	13.98%	15.23%	16.68%	14.66%	-12.27%	26.82%	13.52%	9.12%

Correlation

The correlation between BBUD.L and FEXU.L is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Apr 3, 2019	0.89

The correlation between BBUD.L and FEXU.L has been stable across timeframes, ranging from 0.79 to 0.89 - a consistent structural relationship.

Return for Risk

BBUD.L vs. FEXU.L — Risk / Return Rank

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

BBUD.L

BBUD.L Risk / Return Rank: 67
BBUD.L Sharpe Ratio Rank: 66
BBUD.L Sortino Ratio Rank: 72
BBUD.L Omega Ratio Rank: 65
BBUD.L Calmar Ratio Rank: 61
BBUD.L Martin Ratio Rank: 69

FEXU.L

FEXU.L Risk / Return Rank: 79
FEXU.L Sharpe Ratio Rank: 73
FEXU.L Sortino Ratio Rank: 79
FEXU.L Omega Ratio Rank: 68
FEXU.L Calmar Ratio Rank: 89
FEXU.L Martin Ratio Rank: 85

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.

BBUD.L vs. FEXU.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 First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.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	FEXU.L	Difference
Sharpe ratio: Return per unit of total volatility	1.74	1.88	-0.13
Sortino ratio: Return per unit of downside risk	2.59	2.82	-0.23
Omega ratio: Gain probability vs. loss probability	1.31	1.33	-0.01
Calmar ratio: Return relative to maximum drawdown	2.46	4.23	-1.77
Martin ratio: Return relative to average drawdown	10.00	13.80	-3.80

BBUD.L vs. FEXU.L - Sharpe Ratio Comparison

The current BBUD.L Sharpe Ratio is 1.74, which is comparable to the FEXU.L Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of BBUD.L and FEXU.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

BBUD.L vs. FEXU.L - Drawdown Comparison

The maximum BBUD.L drawdown since its inception was -34.19%, smaller than the maximum FEXU.L drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for BBUD.L and FEXU.L.

Drawdown Indicators

	BBUD.L	FEXU.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.19%	-39.38%	+5.19%
Max Drawdown (1Y) Largest decline over 1 year	-8.61%	-5.56%	-3.05%
Max Drawdown (3Y) Largest decline over 3 years	-19.33%	-20.15%	+0.82%
Max Drawdown (5Y) Largest decline over 5 years	-25.33%	-20.80%	-4.53%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.38%	—
Current Drawdown Current decline from peak	-0.66%	-2.73%	+2.07%
Average Drawdown Average peak-to-trough decline	-5.30%	-4.37%	-0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	1.71%	+0.41%

Volatility

BBUD.L vs. FEXU.L - Volatility Comparison

The current volatility for JPM BetaBuilders US Equity UCITS ETF - USD (dist) (BBUD.L) is 3.03%, while First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.L) has a volatility of 3.96%. This indicates that BBUD.L experiences smaller price fluctuations and is considered to be less risky than FEXU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBUD.L	FEXU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	3.96%	-0.93%
Volatility (6M) Calculated over the trailing 6-month period	9.43%	9.47%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	12.14%	12.55%	-0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.21%	16.35%	-0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.73%	17.31%	+0.42%

BBUD.L vs. FEXU.L - Expense Ratio Comparison

BBUD.L has a 0.05% expense ratio, which is lower than FEXU.L's 0.75% expense ratio.

Dividends

BBUD.L vs. FEXU.L - Dividend Comparison

BBUD.L's dividend yield for the trailing twelve months is around 1.10%, while FEXU.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%
FEXU.L First Trust US Large Cap Core AlphaDEX UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBUD.L and FEXU.L in my portfolio?

BBUD.L and FEXU.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BBUD.L or FEXU.L?

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.

Which ETF is cheaper, BBUD.L or FEXU.L?

BBUD.L is cheaper with a 0.05% expense ratio, compared with 0.75% for FEXU.L.

What is the main difference between BBUD.L and FEXU.L?

BBUD.L tracks Morningstar US Target Market Exposure Index, while FEXU.L tracks Russell 1000 TR USD. They also come from different issuers: JPMorgan and First Trust. Their fees differ too: 0.05% for BBUD.L and 0.75% for FEXU.L.