BBUS vs. FMTM

Last updated Jun 21, 2026

BBUS (JPMorgan BetaBuilders U.S. Equity ETF) and FMTM (MarketDesk Focused U.S. Momentum ETF) are both exchange-traded funds - BBUS is a Large Cap Blend Equities fund tracking the Morningstar US Target Market Exposure Index, while FMTM is a Momentum fund. BBUS is passively managed, while FMTM is actively managed. Over the past year, BBUS returned 26.53% vs 68.30% for FMTM. A 0.72 correlation means they provide meaningful diversification when combined. BBUS charges 0.02%/yr vs 0.45%/yr for FMTM.

Performance

BBUS vs. FMTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders U.S. Equity ETF (BBUS) and MarketDesk Focused U.S. Momentum ETF (FMTM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBUS achieves a 9.75% return, which is significantly lower than FMTM's 35.17% return.

BBUS

• 1D: 1.02%
• 1M: 0.46%
• YTD: 9.75%
• 6M: 9.91%
• 1Y: 26.53%
• 3Y*: 20.98%
• 5Y*: 13.53%
• 10Y*: —

FMTM

• 1D: 2.21%
• 1M: 8.01%
• YTD: 35.17%
• 6M: 32.77%
• 1Y: 68.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BBUS vs. FMTM - Yearly Performance Comparison

	2026 (YTD)	2025
BBUS JPMorgan BetaBuilders U.S. Equity ETF	9.75%	21.84%
FMTM MarketDesk Focused U.S. Momentum ETF	35.17%	28.21%

Correlation

The correlation between BBUS and FMTM is 0.77, 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	0.77
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	0.72

The correlation between BBUS and FMTM has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.

Return for Risk

BBUS vs. FMTM — Risk / Return Rank

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

BBUS

BBUS Risk / Return Rank: 67
BBUS Sharpe Ratio Rank: 68
BBUS Sortino Ratio Rank: 65
BBUS Omega Ratio Rank: 68
BBUS Calmar Ratio Rank: 60
BBUS Martin Ratio Rank: 71

FMTM

FMTM Risk / Return Rank: 87
FMTM Sharpe Ratio Rank: 89
FMTM Sortino Ratio Rank: 81
FMTM Omega Ratio Rank: 82
FMTM Calmar Ratio Rank: 92
FMTM Martin Ratio Rank: 92

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.

BBUS vs. FMTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Equity ETF (BBUS) and MarketDesk Focused U.S. Momentum ETF (FMTM). 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.

	BBUS	FMTM	Difference
Sharpe ratio: Return per unit of total volatility	2.11	2.86	-0.75
Sortino ratio: Return per unit of downside risk	2.86	3.43	-0.57
Omega ratio: Gain probability vs. loss probability	1.38	1.47	-0.08
Calmar ratio: Return relative to maximum drawdown	2.86	5.66	-2.80
Martin ratio: Return relative to average drawdown	12.72	21.64	-8.91

BBUS vs. FMTM - Sharpe Ratio Comparison

The current BBUS Sharpe Ratio is 2.11, which is comparable to the FMTM Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of BBUS and FMTM, 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

BBUS vs. FMTM - Drawdown Comparison

The maximum BBUS drawdown since its inception was -35.35%, which is greater than FMTM's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for BBUS and FMTM.

Drawdown Indicators

	BBUS	FMTM	Difference
Max Drawdown Largest peak-to-trough decline	-35.35%	-12.12%	-23.23%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-12.12%	+2.91%
Max Drawdown (3Y) Largest decline over 3 years	-19.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.46%	—	—
Current Drawdown Current decline from peak	-1.51%	0.00%	-1.51%
Average Drawdown Average peak-to-trough decline	-5.43%	-1.90%	-3.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	3.17%	-1.10%

Volatility

BBUS vs. FMTM - Volatility Comparison

The current volatility for JPMorgan BetaBuilders U.S. Equity ETF (BBUS) is 4.79%, while MarketDesk Focused U.S. Momentum ETF (FMTM) has a volatility of 8.52%. This indicates that BBUS experiences smaller price fluctuations and is considered to be less risky than FMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBUS	FMTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	8.52%	-3.73%
Volatility (6M) Calculated over the trailing 6-month period	9.88%	18.74%	-8.86%
Volatility (1Y) Calculated over the trailing 1-year period	12.46%	24.04%	-11.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.13%	23.49%	-6.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.59%	23.49%	-3.90%

BBUS vs. FMTM - Expense Ratio Comparison

BBUS has a 0.02% expense ratio, which is lower than FMTM's 0.45% expense ratio.

Dividends

BBUS vs. FMTM - Dividend Comparison

BBUS's dividend yield for the trailing twelve months is around 0.99%, more than FMTM's 0.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BBUS JPMorgan BetaBuilders U.S. Equity ETF	0.99%	1.07%	1.21%	1.38%	1.57%	1.11%	1.43%	1.37%
FMTM MarketDesk Focused U.S. Momentum ETF	0.22%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBUS and FMTM in my portfolio?

BBUS and FMTM have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBUS or FMTM?

FMTM has higher volatility (8.52%) compared to BBUS (4.79%). In terms of maximum drawdown, BBUS dropped -35.35% vs FMTM's -12.12%.

Which ETF is better, BBUS or FMTM?

On 1-year performance, FMTM leads with 68.30% vs 26.53% for BBUS. On fees, BBUS is cheaper at 0.02% per year. On volatility, BBUS has been the lower-risk option at 4.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBUS or FMTM?

Over the 1-year period, FMTM has performed better with a 68.30% return vs 26.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBUS or FMTM?

BBUS is cheaper with a 0.02% expense ratio, compared with 0.45% for FMTM.

Which ETF pays a higher dividend yield, BBUS or FMTM?

BBUS has the higher dividend yield at 0.99%, compared with 0.22% for FMTM.

What is the main difference between BBUS and FMTM?

BBUS is categorized as Large Cap Blend Equities, while FMTM is Momentum. Their fees differ too: 0.02% for BBUS and 0.45% for FMTM.

Which has better risk-adjusted returns?

FMTM currently has the higher Sharpe Ratio (2.86 vs 2.11), 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.