BBUS vs. BDCX
BBUS (JP Morgan Betabuilders U.S. Equity ETF) and BDCX (ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN) are both exchange-traded funds - BBUS is a Large Cap Growth Equities fund tracking the Morningstar US Target Market Exposure Index, while BDCX is a Leveraged Equities fund tracking the MVIS US Business Development Companies (150%). Both are passively managed. Over the past 5 years, BBUS returned 13.01%/yr vs 1.22%/yr for BDCX. A 0.57 correlation means they provide meaningful diversification when combined. BBUS charges 0.02%/yr vs 0.95%/yr for BDCX.
Performance
BBUS vs. BDCX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BBUS achieves a 8.45% return, which is significantly higher than BDCX's -11.90% return.
BBUS
- 1D
- 0.23%
- 1M
- 0.44%
- YTD
- 8.45%
- 6M
- 8.40%
- 1Y
- 24.33%
- 3Y*
- 21.53%
- 5Y*
- 13.01%
- 10Y*
- —
BDCX
- 1D
- -0.44%
- 1M
- -5.50%
- YTD
- -11.90%
- 6M
- -14.62%
- 1Y
- -18.01%
- 3Y*
- 2.98%
- 5Y*
- 1.22%
- 10Y*
- —
BBUS vs. BDCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BBUS JP Morgan Betabuilders U.S. Equity ETF | 8.45% | 17.77% | 24.89% | 27.20% | -19.46% | 27.13% | 22.99% |
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | -11.90% | -10.42% | 15.32% | 35.33% | -17.67% | 52.70% | 24.50% |
Correlation
The correlation between BBUS and BDCX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.57 |
The correlation between BBUS and BDCX shifts across timeframes, from 0.47 (1 year) to 0.57 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BBUS vs. BDCX — Risk / Return Rank
BBUS
BDCX
BBUS vs. BDCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JP Morgan Betabuilders U.S. Equity ETF (BBUS) and ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX). 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.
| BBUS | BDCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.67 | ||
| Sortino ratioReturn per unit of downside risk | +3.55 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.91 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | -0.59 | +3.25 |
| Martin ratioReturn relative to average drawdown | 12.09 | -1.04 | +13.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BBUS | BDCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | -0.66 | +2.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.05 | +0.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.43 | +0.39 |
Drawdowns
BBUS vs. BDCX - Drawdown Comparison
The maximum BBUS drawdown since its inception was -35.35%, roughly equal to the maximum BDCX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for BBUS and BDCX.
Loading charts...
Drawdown Indicators
| BBUS | BDCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.35% | -34.96% | -0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.21% | -30.46% | +21.25% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | -33.39% | +14.38% |
Max Drawdown (5Y)Largest decline over 5 years | -25.46% | -34.96% | +9.50% |
Current DrawdownCurrent decline from peak | -2.68% | -28.40% | +25.72% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -10.10% | +4.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 17.35% | -15.33% |
Volatility
BBUS vs. BDCX - Volatility Comparison
The current volatility for JP Morgan Betabuilders U.S. Equity ETF (BBUS) is 3.78%, while ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) has a volatility of 8.65%. This indicates that BBUS experiences smaller price fluctuations and is considered to be less risky than BDCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BBUS | BDCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 8.65% | -4.87% |
Volatility (6M)Calculated over the trailing 6-month period | 9.37% | 22.81% | -13.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 27.60% | -15.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.07% | 26.59% | -9.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 26.94% | -7.34% |
BBUS vs. BDCX - Expense Ratio Comparison
BBUS has a 0.02% expense ratio, which is lower than BDCX's 0.95% expense ratio.
Dividends
BBUS vs. BDCX - Dividend Comparison
BBUS's dividend yield for the trailing twelve months is around 1.00%, less than BDCX's 20.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BBUS JP Morgan Betabuilders U.S. Equity ETF | 1.00% | 1.07% | 1.21% | 1.38% | 1.57% | 1.11% | 1.43% | 1.37% |
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | 20.31% | 19.17% | 15.28% | 14.71% | 17.47% | 11.52% | 6.32% | 0.00% |
Frequently Asked Questions
BBUS and BDCX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDCX has higher volatility (8.65%) compared to BBUS (3.78%). In terms of maximum drawdown, BBUS dropped -35.35% vs BDCX's -34.96%.
On 5-year performance, BBUS leads with 13.01% vs 1.22% for BDCX. On fees, BBUS is cheaper at 0.02% per year. On volatility, BBUS has been the lower-risk option at 3.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BBUS has performed better with a 13.01% return vs 1.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBUS is cheaper with a 0.02% expense ratio, compared with 0.95% for BDCX.
BDCX has the higher dividend yield at 20.31%, compared with 1.00% for BBUS.
BBUS is categorized as Large Cap Growth Equities, while BDCX is Leveraged Equities. BBUS tracks Morningstar US Target Market Exposure Index, while BDCX tracks MVIS US Business Development Companies (150%). They also come from different issuers: JPMorgan and UBS. Their fees differ too: 0.02% for BBUS and 0.95% for BDCX.
BBUS currently has the higher Sharpe Ratio (2.02 vs -0.66), 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.
Find the right allocation for BBUS and BDCX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer