BBUS vs. FPEIX

Last updated Jun 24, 2026

BBUS (JPMorgan BetaBuilders U.S. Equity ETF) and FPEIX (First Trust Preferred Securities and Income Fund) are both funds - BBUS is a Large Cap Blend Equities fund tracking the Morningstar US Target Market Exposure Index, while FPEIX is a Preferred Stock/Convertible Bonds fund managed by First Trust. Over the past 5 years, BBUS returned 12.52%/yr vs 2.83%/yr for FPEIX. At a 0.41 correlation, their price movements are largely independent. BBUS charges 0.02%/yr vs 1.00%/yr for FPEIX.

Performance

BBUS vs. FPEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders U.S. Equity ETF (BBUS) and First Trust Preferred Securities and Income Fund (FPEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBUS achieves a 7.57% return, which is significantly higher than FPEIX's -0.04% return.

BBUS

• 1D: -1.68%
• 1M: -1.53%
• YTD: 7.57%
• 6M: 6.62%
• 1Y: 22.78%
• 3Y*: 20.70%
• 5Y*: 12.52%
• 10Y*: —

FPEIX

• 1D: -0.15%
• 1M: 0.31%
• YTD: -0.04%
• 6M: 0.51%
• 1Y: 7.06%
• 3Y*: 9.92%
• 5Y*: 2.83%
• 10Y*: 5.02%

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

BBUS vs. FPEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BBUS JPMorgan BetaBuilders U.S. Equity ETF	7.57%	17.77%	24.89%	27.20%	-19.46%	27.13%	20.69%	16.26%
FPEIX First Trust Preferred Securities and Income Fund	-0.04%	9.48%	10.99%	5.32%	-11.60%	4.85%	6.01%	10.94%

Correlation

The correlation between BBUS and FPEIX is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019	0.41

The correlation between BBUS and FPEIX shifts across timeframes, from 0.41 (all time) to 0.52 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BBUS vs. FPEIX — Risk / Return Rank

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

BBUS

BBUS Risk / Return Rank: 56
BBUS Sharpe Ratio Rank: 56
BBUS Sortino Ratio Rank: 54
BBUS Omega Ratio Rank: 55
BBUS Calmar Ratio Rank: 52
BBUS Martin Ratio Rank: 63

FPEIX

FPEIX Risk / Return Rank: 65
FPEIX Sharpe Ratio Rank: 78
FPEIX Sortino Ratio Rank: 87
FPEIX Omega Ratio Rank: 86
FPEIX Calmar Ratio Rank: 33
FPEIX Martin Ratio Rank: 39

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. FPEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Equity ETF (BBUS) and First Trust Preferred Securities and Income Fund (FPEIX). 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	FPEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.82	2.40	-0.57
Sortino ratio: Return per unit of downside risk	2.48	3.88	-1.40
Omega ratio: Gain probability vs. loss probability	1.33	1.55	-0.22
Calmar ratio: Return relative to maximum drawdown	2.49	2.08	+0.40
Martin ratio: Return relative to average drawdown	10.97	8.04	+2.93

BBUS vs. FPEIX - Sharpe Ratio Comparison

The current BBUS Sharpe Ratio is 1.82, which is comparable to the FPEIX Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of BBUS and FPEIX, 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. FPEIX - Drawdown Comparison

The maximum BBUS drawdown since its inception was -35.35%, which is greater than FPEIX's maximum drawdown of -27.83%. Use the drawdown chart below to compare losses from any high point for BBUS and FPEIX.

Drawdown Indicators

	BBUS	FPEIX	Difference
Max Drawdown Largest peak-to-trough decline	-35.35%	-27.83%	-7.52%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-3.62%	-5.59%
Max Drawdown (3Y) Largest decline over 3 years	-19.01%	-4.11%	-14.90%
Max Drawdown (5Y) Largest decline over 5 years	-25.46%	-19.66%	-5.80%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.83%	—
Current Drawdown Current decline from peak	-3.47%	-1.21%	-2.26%
Average Drawdown Average peak-to-trough decline	-5.43%	-2.86%	-2.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	0.91%	+1.17%

Volatility

BBUS vs. FPEIX - Volatility Comparison

JPMorgan BetaBuilders U.S. Equity ETF (BBUS) has a higher volatility of 5.00% compared to First Trust Preferred Securities and Income Fund (FPEIX) at 0.74%. This indicates that BBUS's price experiences larger fluctuations and is considered to be riskier than FPEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBUS	FPEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	0.74%	+4.26%
Volatility (6M) Calculated over the trailing 6-month period	9.95%	2.44%	+7.51%
Volatility (1Y) Calculated over the trailing 1-year period	12.59%	3.15%	+9.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	5.26%	+11.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.59%	6.54%	+13.05%

BBUS vs. FPEIX - Expense Ratio Comparison

BBUS has a 0.02% expense ratio, which is lower than FPEIX's 1.00% expense ratio.

Dividends

BBUS vs. FPEIX - Dividend Comparison

BBUS's dividend yield for the trailing twelve months is around 1.01%, less than FPEIX's 5.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBUS JPMorgan BetaBuilders U.S. Equity ETF	1.01%	1.07%	1.21%	1.38%	1.57%	1.11%	1.43%	1.37%	0.00%	0.00%	0.00%	0.00%
FPEIX First Trust Preferred Securities and Income Fund	5.04%	5.40%	5.60%	5.17%	5.30%	4.70%	4.88%	5.36%	5.93%	5.36%	5.66%	5.56%

Frequently Asked Questions

Can I hold both BBUS and FPEIX in my portfolio?

BBUS and FPEIX have a correlation of 0.52, 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 FPEIX?

BBUS has higher volatility (5.00%) compared to FPEIX (0.74%). In terms of maximum drawdown, BBUS dropped -35.35% vs FPEIX's -27.83%.

Which has better risk-adjusted returns?

FPEIX currently has the higher Sharpe Ratio (2.40 vs 1.82), 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.