BBUS vs. JQUA

Last updated Jun 5, 2026

BBUS (JP Morgan Betabuilders U.S. Equity ETF) and JQUA (JPMorgan U.S. Quality Factor ETF) are both Large Cap Growth Equities funds from JPMorgan - BBUS tracks the Morningstar US Target Market Exposure Index while JQUA tracks the JP Morgan US Quality Factor Index. Both are passively managed. Over the past 5 years, BBUS returned 13.53%/yr vs 13.92%/yr for JQUA. With a 0.96 correlation, they move nearly in lockstep. BBUS charges 0.02%/yr vs 0.12%/yr for JQUA.

Performance

BBUS vs. JQUA - 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 U.S. Quality Factor ETF (JQUA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBUS achieves a 11.12% return, which is significantly lower than JQUA's 14.16% return.

BBUS

• 1D: 0.47%
• 1M: 4.82%
• YTD: 11.12%
• 6M: 10.90%
• 1Y: 28.04%
• 3Y*: 22.72%
• 5Y*: 13.53%
• 10Y*: —

JQUA

• 1D: -0.11%
• 1M: 7.20%
• YTD: 14.16%
• 6M: 14.37%
• 1Y: 22.69%
• 3Y*: 20.64%
• 5Y*: 13.92%
• 10Y*: —

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

BBUS vs. JQUA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BBUS JP Morgan Betabuilders U.S. Equity ETF	11.12%	17.77%	24.89%	27.20%	-19.46%	27.13%	20.69%	16.53%
JQUA JPMorgan U.S. Quality Factor ETF	14.16%	11.69%	21.21%	25.13%	-13.45%	28.68%	16.56%	14.08%

Correlation

The correlation between BBUS and JQUA is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Mar 14, 2019	0.96

The correlation between BBUS and JQUA has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.

BBUS vs. JQUA - Sectors Allocation Comparison

Sectors	BBUS	JQUA
Technology	37.1%	41.9%
Financial Services	10.8%	10.2%
Communication Services	10.8%	5.5%
Consumer Cyclical	9.4%	9.2%
Healthcare	8.1%	7.2%
Industrials	7.2%	7.6%
Consumer Defensive	4.5%	5.3%
Energy	3.2%	3.2%
Utilities	2.6%	2.3%
Real Estate	1.7%	2.1%
Basic Materials	1.2%	0.8%

Return for Risk

BBUS vs. JQUA — Risk / Return Rank

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

BBUS

BBUS Risk / Return Rank: 71
BBUS Sharpe Ratio Rank: 74
BBUS Sortino Ratio Rank: 72
BBUS Omega Ratio Rank: 73
BBUS Calmar Ratio Rank: 62
BBUS Martin Ratio Rank: 75

JQUA

JQUA Risk / Return Rank: 64
JQUA Sharpe Ratio Rank: 62
JQUA Sortino Ratio Rank: 64
JQUA Omega Ratio Rank: 58
JQUA Calmar Ratio Rank: 65
JQUA Martin Ratio Rank: 73

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. JQUA - 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 U.S. Quality Factor ETF (JQUA). 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	JQUA	Difference
Sharpe ratio: Return per unit of total volatility	2.37	2.03	+0.34
Sortino ratio: Return per unit of downside risk	3.23	2.91	+0.32
Omega ratio: Gain probability vs. loss probability	1.43	1.35	+0.08
Calmar ratio: Return relative to maximum drawdown	3.06	3.20	-0.14
Martin ratio: Return relative to average drawdown	14.04	13.48	+0.56
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. JQUA - Sharpe Ratio Comparison

The current BBUS Sharpe Ratio is 2.37, which is comparable to the JQUA Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of BBUS and JQUA, 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	JQUA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	2.03	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.90	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.83	+0.01

Drawdowns

BBUS vs. JQUA - Drawdown Comparison

The maximum BBUS drawdown since its inception was -35.35%, which is greater than JQUA's maximum drawdown of -32.92%. Use the drawdown chart below to compare losses from any high point for BBUS and JQUA.

Drawdown Indicators

	BBUS	JQUA	Difference
Max Drawdown Largest peak-to-trough decline	-35.35%	-32.92%	-2.43%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-7.13%	-2.08%
Max Drawdown (3Y) Largest decline over 3 years	-19.01%	-16.81%	-2.20%
Max Drawdown (5Y) Largest decline over 5 years	-25.46%	-22.47%	-2.99%
Current Drawdown Current decline from peak	-0.28%	-0.28%	0.00%
Average Drawdown Average peak-to-trough decline	-5.45%	-4.16%	-1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	1.69%	+0.31%

Volatility

BBUS vs. JQUA - Volatility Comparison

JP Morgan Betabuilders U.S. Equity ETF (BBUS) and JPMorgan U.S. Quality Factor ETF (JQUA) have volatilities of 2.84% and 2.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBUS	JQUA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	2.82%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	8.97%	8.31%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	11.87%	11.20%	+0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	15.61%	+1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.59%	17.99%	+1.60%

BBUS vs. JQUA - Expense Ratio Comparison

BBUS has a 0.02% expense ratio, which is lower than JQUA's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BBUS vs. JQUA - Dividend Comparison

BBUS's dividend yield for the trailing twelve months is around 0.98%, less than JQUA's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBUS JP Morgan Betabuilders U.S. Equity ETF	0.98%	1.07%	1.21%	1.38%	1.57%	1.11%	1.43%	1.37%	0.00%	0.00%
JQUA JPMorgan U.S. Quality Factor ETF	1.07%	1.19%	1.24%	1.21%	1.60%	1.32%	1.44%	1.67%	2.10%	0.40%

Frequently Asked Questions

Can I hold both BBUS and JQUA in my portfolio?

BBUS and JQUA have a correlation of 0.89, 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 JQUA?

BBUS has higher volatility (2.84%) compared to JQUA (2.82%). In terms of maximum drawdown, BBUS dropped -35.35% vs JQUA's -32.92%.

Which ETF is better, BBUS or JQUA?

On 5-year performance, JQUA leads with 13.92% vs 13.53% for BBUS. On fees, BBUS is cheaper at 0.02% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBUS or JQUA?

Over the 5-year period, JQUA has performed better with a 13.92% return vs 13.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBUS or JQUA?

BBUS is cheaper with a 0.02% expense ratio, compared with 0.12% for JQUA.

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

JQUA has the higher dividend yield at 1.07%, compared with 0.98% for BBUS.

What is the main difference between BBUS and JQUA?

BBUS tracks Morningstar US Target Market Exposure Index, while JQUA tracks JP Morgan US Quality Factor Index. Their fees differ too: 0.02% for BBUS and 0.12% for JQUA.

Which has better risk-adjusted returns?

BBUS currently has the higher Sharpe Ratio (2.37 vs 2.03), 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.