BBUS vs. TQQQ
Compare and contrast key facts about JP Morgan Betabuilders U.S. Equity ETF (BBUS) and ProShares UltraPro QQQ (TQQQ).
BBUS and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBUS is a passively managed fund by JPMorgan Chase that tracks the performance of the Morningstar US Target Market Exposure Index. It was launched on Mar 12, 2019. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both BBUS and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBUS or TQQQ.
Key characteristics
| BBUS | TQQQ | |
|---|---|---|
| YTD Return | 26.95% | 63.76% |
| 1Y Return | 38.06% | 106.42% |
| 3Y Return (Ann) | 9.68% | 0.86% |
| 5Y Return (Ann) | 15.90% | 35.83% |
| Sharpe Ratio | 3.09 | 2.03 |
| Sortino Ratio | 4.09 | 2.40 |
| Omega Ratio | 1.58 | 1.33 |
| Calmar Ratio | 4.45 | 1.95 |
| Martin Ratio | 20.37 | 8.43 |
| Ulcer Index | 1.86% | 12.40% |
| Daily Std Dev | 12.29% | 51.63% |
| Max Drawdown | -35.35% | -81.66% |
| Current Drawdown | -0.26% | -4.17% |
Correlation
The correlation between BBUS and TQQQ is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BBUS vs. TQQQ - Performance Comparison
In the year-to-date period, BBUS achieves a 26.95% return, which is significantly lower than TQQQ's 63.76% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BBUS vs. TQQQ - Expense Ratio Comparison
BBUS has a 0.02% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
BBUS vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JP Morgan 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.
Dividends
BBUS vs. TQQQ - Dividend Comparison
BBUS's dividend yield for the trailing twelve months is around 1.18%, more than TQQQ's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BBUS JP Morgan Betabuilders U.S. Equity ETF | 1.18% | 1.39% | 1.57% | 1.11% | 1.42% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.16% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
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. For additional features, visit the drawdowns tool.
Volatility
BBUS vs. TQQQ - Volatility Comparison
The current volatility for JP Morgan Betabuilders U.S. Equity ETF (BBUS) is 3.89%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.36%. 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.