BBUS vs. SPXM
BBUS (JPMorgan BetaBuilders U.S. Equity ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. BBUS is passively managed, while SPXM is actively managed. Over the past year, BBUS returned 22.56% vs 8.90% for SPXM. Their 0.51 correlation means they have sometimes moved together and sometimes differently. BBUS charges 0.02%/yr vs 0.47%/yr for SPXM.
Performance
BBUS vs. SPXM - Performance Comparison
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Returns By Period
BBUS
- 1D
- 1.46%
- 1M
- 1.67%
- 6M
- 9.38%
- YTD
- 11.30%
- 1Y
- 22.56%
- 3Y*
- 20.79%
- 5Y*
- 12.56%
- 10Y*
- —
- ALL TIME*
- 15.98%
SPXM
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 8.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $26.15M | $23.57M | $29.57M | |
| $0.00 | $0.00 | $0.00 |
BBUS vs. SPXM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BBUS JPMorgan BetaBuilders U.S. Equity ETF | 11.30% | 10.31% |
SPXM Azoria 500 Meritocracy ETF | 0.00% | 9.27% |
Correlation
The correlation between BBUS and SPXM is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025 | 0.51 |
The correlation between BBUS and SPXM has been stable across timeframes, ranging from 0.49 to 0.51 - a consistent structural relationship.
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Return for Risk
BBUS vs. SPXM — Risk / Return Rank
BBUS
SPXM
BBUS vs. SPXM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Equity ETF (BBUS) and Azoria 500 Meritocracy ETF (SPXM). 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 | SPXM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.44 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 2.16 | +0.31 |
| Martin ratioReturn relative to average drawdown | 10.36 | 10.12 | +0.24 |
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Drawdowns
BBUS vs. SPXM - Drawdown Comparison
The maximum BBUS drawdown since its inception was -35.35%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for BBUS and SPXM.
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Drawdown Indicators
| BBUS | SPXM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.35% | -5.08% | -30.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.21% | -5.08% | -4.13% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.46% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.75% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -0.78% | -4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | — | — |
Volatility
BBUS vs. SPXM - Volatility Comparison
JPMorgan BetaBuilders U.S. Equity ETF (BBUS) has a higher volatility of 3.82% compared to Azoria 500 Meritocracy ETF (SPXM) at 0.00%. This indicates that BBUS's price experiences larger fluctuations and is considered to be riskier than SPXM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBUS | SPXM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 0.00% | +3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 10.23% | 1.22% | +9.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.87% | 7.38% | +5.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 7.39% | +9.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.50% | 7.39% | +12.11% |
BBUS vs. SPXM - Expense Ratio Comparison
BBUS has a 0.02% expense ratio, which is lower than SPXM's 0.47% expense ratio.
Dividends
BBUS vs. SPXM - Dividend Comparison
BBUS's dividend yield for the trailing twelve months is around 1.00%, more than SPXM's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BBUS JPMorgan BetaBuilders U.S. Equity ETF | 1.00% | 1.07% | 1.21% | 1.38% | 1.57% | 1.11% | 1.43% | 1.37% |
SPXM Azoria 500 Meritocracy ETF | 0.24% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BBUS and SPXM have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBUS has higher volatility (3.82%) compared to SPXM (0.00%). In terms of maximum drawdown, BBUS dropped -35.35% vs SPXM's -5.08%.
On 1-year performance, BBUS leads with 22.56% vs 8.90% for SPXM. On fees, BBUS is cheaper at 0.02% per year. On volatility, SPXM has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BBUS has performed better with a 22.56% return vs 8.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBUS is cheaper with a 0.02% expense ratio, compared with 0.47% for SPXM.
BBUS has the higher dividend yield at 1.00%, compared with 0.24% for SPXM.
They also come from different issuers: JPMorgan and Azoria. Their fees differ too: 0.02% for BBUS and 0.47% for SPXM.
BBUS currently has the higher Sharpe Ratio (1.76 vs 1.49), 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.
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