BBUS vs. SPTM

Last updated Aug 2, 2026

BBUS (JPMorgan BetaBuilders U.S. Equity ETF) and SPTM (SPDR Portfolio S&P 1500 Composite Stock Market ETF) are both Large Cap Blend Equities funds - BBUS tracks the Morningstar US Target Market Exposure Index while SPTM tracks the S&P Composite 1500 Index. Both are passively managed. Over the past 5 years, BBUS returned 12.29%/yr vs 12.48%/yr for SPTM. Their 0.99 correlation means they have historically moved very closely together. BBUS charges 0.02%/yr vs 0.03%/yr for SPTM.

Performance

BBUS vs. SPTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders U.S. Equity ETF (BBUS) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBUS achieves a 9.70% return, which is significantly lower than SPTM's 10.61% return.

BBUS

• 1D: 0.73%
• 1M: 0.21%
• 6M: 8.38%
• YTD: 9.70%
• 1Y: 20.80%
• 3Y*: 19.31%
• 5Y*: 12.29%
• 10Y*: —
• ALL TIME*: 15.77%

SPTM

• 1D: 0.62%
• 1M: 0.21%
• 6M: 8.81%
• YTD: 10.61%
• 1Y: 21.87%
• 3Y*: 18.90%
• 5Y*: 12.48%
• 10Y*: 14.86%
• ALL TIME*: 8.78%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BBUS JPMorgan BetaBuilders U.S. Equity ETF	$26.56M	$23.62M	$29.53M
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF	$40.04M	$39.69M	$45.49M

BBUS vs. SPTM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BBUS JPMorgan BetaBuilders U.S. Equity ETF	9.70%	17.77%	24.89%	27.20%	-19.46%	27.13%	20.69%	16.26%
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF	10.61%	16.93%	23.87%	25.55%	-17.75%	28.58%	17.94%	16.60%

Correlation

The correlation between BBUS and SPTM is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	1.00
Correlation (3Y) Balances recent behavior with more history.	1.00
Correlation (5Y) Shows whether the relationship held over a longer period.	1.00
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019	0.99

The correlation between BBUS and SPTM has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

BBUS vs. SPTM - Sectors Allocation Comparison

Sectors	BBUS	SPTM
Technology	38.7%	36.3%
Financial Services	11.6%	12.5%
Communication Services	9.9%	8.7%
Consumer Cyclical	9.4%	9.1%
Healthcare	8.9%	9.3%
Industrials	8.6%	8.8%
Consumer Defensive	4.4%	4.5%
Energy	3.0%	3.5%
Utilities	2.2%	2.6%
Real Estate	1.7%	2.3%
Basic Materials	1.6%	2.2%

Return for Risk

BBUS vs. SPTM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BBUS

BBUS Risk / Return Rank: 63
BBUS Sharpe Ratio Rank: 63
BBUS Sortino Ratio Rank: 61
BBUS Omega Ratio Rank: 62
BBUS Calmar Ratio Rank: 58
BBUS Martin Ratio Rank: 70

SPTM

SPTM Risk / Return Rank: 70
SPTM Sharpe Ratio Rank: 69
SPTM Sortino Ratio Rank: 66
SPTM Omega Ratio Rank: 67
SPTM Calmar Ratio Rank: 67
SPTM Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BBUS vs. SPTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Equity ETF (BBUS) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM). 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	SPTM	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.57	-0.10
Sortino ratio: Return per unit of downside risk	2.04	2.18	-0.14
Omega ratio: Gain probability vs. loss probability	1.26	1.28	-0.02
Calmar ratio: Return relative to maximum drawdown	2.05	2.31	-0.26
Martin ratio: Return relative to average drawdown	8.63	10.07	-1.44

BBUS vs. SPTM - Sharpe Ratio Comparison

The current BBUS Sharpe Ratio is 1.47, which is comparable to the SPTM Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of BBUS and SPTM, 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. SPTM - Drawdown Comparison

The maximum BBUS drawdown since its inception was -35.35%, smaller than the maximum SPTM drawdown of -54.80%. Use the drawdown chart below to compare losses from any high point for BBUS and SPTM.

Drawdown Indicators

	BBUS	SPTM	Difference
Max Drawdown Largest peak-to-trough decline	-35.35%	-54.80%	+19.45%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-8.68%	-0.53%
Max Drawdown (3Y) Largest decline over 3 years	-19.01%	-18.87%	-0.14%
Max Drawdown (5Y) Largest decline over 5 years	-25.46%	-24.14%	-1.32%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.66%	—
Current Drawdown Current decline from peak	-1.55%	-1.11%	-0.44%
Average Drawdown Average peak-to-trough decline	-5.38%	-9.00%	+3.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	1.99%	+0.20%

Volatility

BBUS vs. SPTM - Volatility Comparison

JPMorgan BetaBuilders U.S. Equity ETF (BBUS) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) have volatilities of 3.54% and 3.50%, 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	SPTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	3.50%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	10.14%	10.02%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	12.89%	12.81%	+0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.15%	16.97%	+0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.50%	18.03%	+1.47%

BBUS vs. SPTM - Expense Ratio Comparison

BBUS has a 0.02% expense ratio, which is lower than SPTM's 0.03% 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. SPTM - Dividend Comparison

BBUS's dividend yield for the trailing twelve months is around 1.01%, less than SPTM's 1.06% 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%
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF	1.06%	1.13%	1.28%	1.44%	1.69%	1.25%	1.56%	1.72%	1.90%	1.66%	1.91%	1.92%

Frequently Asked Questions

Can I hold both BBUS and SPTM in my portfolio?

With a correlation of 1.00, BBUS and SPTM 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 SPTM?

BBUS has higher volatility (3.54%) compared to SPTM (3.50%). In terms of maximum drawdown, BBUS dropped -35.35% vs SPTM's -54.80%.

Which ETF is better, BBUS or SPTM?

On 5-year performance, SPTM leads with 12.48% vs 12.29% 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 SPTM?

Over the 5-year period, SPTM has performed better with a 12.48% return vs 12.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBUS or SPTM?

BBUS is cheaper with a 0.02% expense ratio, compared with 0.03% for SPTM.

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

SPTM has the higher dividend yield at 1.06%, compared with 1.01% for BBUS.

What is the main difference between BBUS and SPTM?

BBUS tracks Morningstar US Target Market Exposure Index, while SPTM tracks S&P Composite 1500 Index. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.02% for BBUS and 0.03% for SPTM.

Which has better risk-adjusted returns?

SPTM currently has the higher Sharpe Ratio (1.57 vs 1.47), 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.