BBUS vs. JEPQ

Last updated Jun 4, 2026

BBUS (JP Morgan Betabuilders U.S. Equity ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - BBUS is a Large Cap Growth Equities fund tracking the Morningstar US Target Market Exposure Index, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, BBUS returned 22.46%/yr vs 20.92%/yr for JEPQ. Their correlation of 0.93 suggests significant overlap in exposure. BBUS charges 0.02%/yr vs 0.35%/yr for JEPQ.

Performance

BBUS vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JP Morgan Betabuilders U.S. Equity ETF (BBUS) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBUS achieves a 10.60% return, which is significantly higher than JEPQ's 9.54% return.

BBUS

• 1D: -0.74%
• 1M: 5.12%
• YTD: 10.60%
• 6M: 10.47%
• 1Y: 27.47%
• 3Y*: 22.46%
• 5Y*: 13.43%
• 10Y*: —

JEPQ

• 1D: -0.10%
• 1M: 4.31%
• YTD: 9.54%
• 6M: 9.75%
• 1Y: 29.00%
• 3Y*: 20.92%
• 5Y*: —
• 10Y*: —

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

BBUS vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BBUS JP Morgan Betabuilders U.S. Equity ETF	10.60%	17.77%	24.89%	27.20%	-10.25%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.54%	15.18%	24.85%	36.28%	-12.89%

Correlation

The correlation between BBUS and JEPQ is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.93

The correlation between BBUS and JEPQ has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

BBUS vs. JEPQ - Sectors Allocation Comparison

Sectors	BBUS	JEPQ
Technology	37.1%	54.0%
Financial Services	10.8%	0.4%
Communication Services	10.8%	15.4%
Consumer Cyclical	9.4%	12.8%
Healthcare	8.1%	4.4%
Industrials	7.2%	3.1%
Consumer Defensive	4.5%	7.1%
Energy	3.2%	0.4%
Utilities	2.6%	1.3%
Real Estate	1.7%	0.2%
Basic Materials	1.2%	1.0%

Return for Risk

BBUS vs. JEPQ — Risk / Return Rank

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

BBUS

BBUS Risk / Return Rank: 68
BBUS Sharpe Ratio Rank: 70
BBUS Sortino Ratio Rank: 68
BBUS Omega Ratio Rank: 68
BBUS Calmar Ratio Rank: 60
BBUS Martin Ratio Rank: 72

JEPQ

JEPQ Risk / Return Rank: 74
JEPQ Sharpe Ratio Rank: 74
JEPQ Sortino Ratio Rank: 71
JEPQ Omega Ratio Rank: 80
JEPQ Calmar Ratio Rank: 65
JEPQ Martin Ratio Rank: 80

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. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JP Morgan Betabuilders U.S. Equity ETF (BBUS) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.49	-0.16
Sortino ratio: Return per unit of downside risk	3.18	3.29	-0.11
Omega ratio: Gain probability vs. loss probability	1.42	1.49	-0.07
Calmar ratio: Return relative to maximum drawdown	3.00	3.31	-0.31
Martin ratio: Return relative to average drawdown	13.76	16.22	-2.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBUS vs. JEPQ - Sharpe Ratio Comparison

The current BBUS Sharpe Ratio is 2.33, which is comparable to the JEPQ Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of BBUS and JEPQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBUS	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.49	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	1.00	-0.17

Drawdowns

BBUS vs. JEPQ - Drawdown Comparison

The maximum BBUS drawdown since its inception was -35.35%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for BBUS and JEPQ.

Drawdown Indicators

	BBUS	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-35.35%	-20.07%	-15.28%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-8.82%	-0.39%
Max Drawdown (3Y) Largest decline over 3 years	-19.01%	-20.07%	+1.06%
Max Drawdown (5Y) Largest decline over 5 years	-25.46%	—	—
Current Drawdown Current decline from peak	-0.74%	-0.10%	-0.64%
Average Drawdown Average peak-to-trough decline	-5.46%	-3.42%	-2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	1.79%	+0.21%

Volatility

BBUS vs. JEPQ - Volatility Comparison

JP Morgan Betabuilders U.S. Equity ETF (BBUS) has a higher volatility of 2.88% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.26%. This indicates that BBUS's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBUS	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	1.26%	+1.62%
Volatility (6M) Calculated over the trailing 6-month period	8.96%	9.07%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	11.87%	11.73%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	16.61%	+0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.59%	16.61%	+2.98%

BBUS vs. JEPQ - Expense Ratio Comparison

BBUS has a 0.02% expense ratio, which is lower than JEPQ's 0.35% expense ratio.

Dividends

BBUS vs. JEPQ - Dividend Comparison

BBUS's dividend yield for the trailing twelve months is around 0.98%, less than JEPQ's 10.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BBUS JP Morgan Betabuilders U.S. Equity ETF	0.98%	1.07%	1.21%	1.38%	1.57%	1.11%	1.43%	1.37%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.07%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBUS and JEPQ in my portfolio?

With a correlation of 0.92, BBUS and JEPQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BBUS or JEPQ?

BBUS has higher volatility (2.88%) compared to JEPQ (1.26%). In terms of maximum drawdown, BBUS dropped -35.35% vs JEPQ's -20.07%.

Which ETF is better, BBUS or JEPQ?

On 3-year performance, BBUS leads with 22.46% vs 20.92% for JEPQ. On fees, BBUS is cheaper at 0.02% per year. On volatility, JEPQ has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBUS or JEPQ?

Over the 3-year period, BBUS has performed better with a 22.46% return vs 20.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBUS or JEPQ?

BBUS is cheaper with a 0.02% expense ratio, compared with 0.35% for JEPQ.

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

JEPQ has the higher dividend yield at 10.07%, compared with 0.98% for BBUS.

What is the main difference between BBUS and JEPQ?

BBUS is categorized as Large Cap Growth Equities, while JEPQ is Nasdaq-100. BBUS tracks Morningstar US Target Market Exposure Index, while JEPQ tracks Nasdaq-100 Index. Their fees differ too: 0.02% for BBUS and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.49 vs 2.33), 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.