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BBUS vs. TQQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BBUS vs. TQQQ

Last updated Aug 4, 2026
Documentation

BBUS (JPMorgan BetaBuilders U.S. Equity ETF) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - BBUS is a Large Cap Blend Equities fund tracking the Morningstar US Target Market Exposure Index, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past 5 years, BBUS returned 12.56%/yr vs 16.02%/yr for TQQQ. Their correlation of 0.92 means they have usually moved in the same direction. BBUS charges 0.02%/yr vs 0.95%/yr for TQQQ.

Performance

BBUS vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders U.S. Equity ETF (BBUS) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BBUS achieves a 11.30% return, which is significantly lower than TQQQ's 29.42% return.

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%

TQQQ

1D
5.17%
1M
-7.35%
6M
23.83%
YTD
29.42%
1Y
64.98%
3Y*
50.64%
5Y*
16.02%
10Y*
39.51%
ALL TIME*
42.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

BBUS

JPMorgan BetaBuilders U.S. Equity ETF
$26.15M$23.57M$29.57M

TQQQ

ProShares UltraPro QQQ
$4.46B$4.47B$5.36B

BBUS vs. TQQQ - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
BBUS
JPMorgan BetaBuilders U.S. Equity ETF		11.30%17.77%24.89%27.20%-19.46%27.13%20.69%16.26%
TQQQ
ProShares UltraPro QQQ		29.42%34.35%58.27%198.04%-79.09%82.98%110.05%63.20%

Correlation

The correlation between BBUS and TQQQ is 0.93, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.93

Correlation (3Y)
Balances recent behavior with more history.

0.93

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.94

Correlation (All Time)
Calculated using the full available price history since Mar 13, 2019

0.92

The correlation between BBUS and TQQQ has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

BBUS vs. TQQQ - Sectors Allocation Comparison

Sectors
BBUS
TQQQ

Technology

38.7%
53.8%

Financial Services

11.6%
0.2%

Communication Services

9.9%
15.8%

Consumer Cyclical

9.4%
12.3%

Healthcare

8.9%
4.2%

Industrials

8.6%
2.8%

Consumer Defensive

4.4%
7.7%

Energy

3.0%
0.6%

Utilities

2.2%
1.4%

Real Estate

1.7%
0.1%

Basic Materials

1.6%
1.1%

Technology

BBUS
38.7%
TQQQ
53.8%

Financial Services

BBUS
11.6%
TQQQ
0.2%

Communication Services

BBUS
9.9%
TQQQ
15.8%

Consumer Cyclical

BBUS
9.4%
TQQQ
12.3%

Healthcare

BBUS
8.9%
TQQQ
4.2%

Industrials

BBUS
8.6%
TQQQ
2.8%

Consumer Defensive

BBUS
4.4%
TQQQ
7.7%

Energy

BBUS
3.0%
TQQQ
0.6%

Utilities

BBUS
2.2%
TQQQ
1.4%

Real Estate

BBUS
1.7%
TQQQ
0.1%

Basic Materials

BBUS
1.6%
TQQQ
1.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

JPMorgan BetaBuilders U.S. Equity ETF

ProShares UltraPro QQQ

Often compared with BBUS:
BBUS vs. VOOBBUS vs. VTIBBUS vs. BBREBBUS vs. SPTMBBUS vs. BBCABBUS vs. SCHKBBUS vs. QQQ
Often compared with TQQQ:
TQQQ vs. QQQTQQQ vs. SOXLTQQQ vs. QLDTQQQ vs. SQQQTQQQ vs. UPROTQQQ vs. SPXLTQQQ vs. TECL

Return for Risk

BBUS vs. TQQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
BBUS
BBUS Risk / Return Rank: 7474
Overall Rank
BBUS Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
BBUS Sortino Ratio Rank: 7474
Sortino Ratio Rank
BBUS Omega Ratio Rank: 7474
Omega Ratio Rank
BBUS Calmar Ratio Rank: 6969
Calmar Ratio Rank
BBUS Martin Ratio Rank: 7979
Martin Ratio Rank
TQQQ
TQQQ Risk / Return Rank: 4545
Overall Rank
TQQQ Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
TQQQ Sortino Ratio Rank: 4545
Sortino Ratio Rank
TQQQ Omega Ratio Rank: 4444
Omega Ratio Rank
TQQQ Calmar Ratio Rank: 4848
Calmar Ratio Rank
TQQQ Martin Ratio Rank: 4444
Martin Ratio Rank
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. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Equity ETF (BBUS) and ProShares UltraPro QQQ (TQQQ). 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.

BBUSTQQQDifference
Sharpe ratioReturn per unit of total volatility
1.76
1.14

+0.63

Sortino ratioReturn per unit of downside risk
2.44
1.68

+0.76

Omega ratioGain probability vs. loss probability

1.32

1.21

+0.10

Calmar ratioReturn relative to maximum drawdown

2.46

1.77

+0.69

Martin ratioReturn relative to average drawdown

10.36

4.90

+5.46

BBUS vs. TQQQ - Sharpe Ratio Comparison

The current BBUS Sharpe Ratio is 1.76, which is higher than the TQQQ Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of BBUS and TQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BBUS vs. TQQQ - Drawdown Comparison

The maximum BBUS drawdown since its inception was -35.35%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for BBUS and TQQQ.

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Drawdown Indicators

BBUSTQQQDifference

Max Drawdown

Largest peak-to-trough decline

-35.35%

-81.66%

+46.31%

Max Drawdown (1Y)

Largest decline over 1 year

-9.21%

-36.97%

+27.76%

Max Drawdown (3Y)

Largest decline over 3 years

-19.01%

-58.04%

+39.03%

Max Drawdown (5Y)

Largest decline over 5 years

-25.46%

-81.66%

+56.20%

Max Drawdown (10Y)

Largest decline over 10 years

—

-81.66%

—

Current Drawdown

Current decline from peak

-0.12%

-21.90%

+21.78%

Average Drawdown

Average peak-to-trough decline

-5.38%

-18.50%

+13.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.18%

13.31%

-11.13%

Volatility

BBUS vs. TQQQ - Volatility Comparison

The current volatility for JPMorgan BetaBuilders U.S. Equity ETF (BBUS) is 3.82%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 20.63%. This indicates that BBUS experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BBUSTQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.82%

20.63%

-16.81%

Volatility (6M)

Calculated over the trailing 6-month period

10.23%

47.88%

-37.65%

Volatility (1Y)

Calculated over the trailing 1-year period

12.87%

57.57%

-44.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.17%

68.10%

-50.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.50%

66.61%

-47.11%

BBUS vs. TQQQ - Expense Ratio Comparison

BBUS has a 0.02% expense ratio, which is lower than TQQQ's 0.95% expense ratio.

Dividends

BBUS vs. TQQQ - Dividend Comparison

BBUS's dividend yield for the trailing twelve months is around 1.00%, more than TQQQ's 0.56% yield.

PositionTTM20252024202320222021202020192018201720162015
BBUS
JPMorgan BetaBuilders U.S. Equity ETF		1.00%1.07%1.21%1.38%1.57%1.11%1.43%1.37%0.00%0.00%0.00%0.00%
TQQQ
ProShares UltraPro QQQ		0.56%0.65%1.27%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%

Frequently Asked Questions

With a correlation of 0.93, BBUS and TQQQ 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.

TQQQ has higher volatility (20.63%) compared to BBUS (3.82%). In terms of maximum drawdown, BBUS dropped -35.35% vs TQQQ's -81.66%.

On 5-year performance, TQQQ leads with 16.02% vs 12.56% for BBUS. On fees, BBUS is cheaper at 0.02% per year. On volatility, BBUS has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, TQQQ has performed better with a 16.02% return vs 12.56%. 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 0.95% for TQQQ.

BBUS has the higher dividend yield at 1.00%, compared with 0.56% for TQQQ.

BBUS is categorized as Large Cap Blend Equities, while TQQQ is Leveraged Equities. BBUS tracks Morningstar US Target Market Exposure Index, while TQQQ tracks NASDAQ-100 Index (300%). They also come from different issuers: JPMorgan and ProShares. Their fees differ too: 0.02% for BBUS and 0.95% for TQQQ.

BBUS currently has the higher Sharpe Ratio (1.76 vs 1.14), 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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