BBUS vs. TQQQ

Last updated Jul 4, 2026

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 12.48%/yr vs 19.43%/yr for TQQQ. Their correlation of 0.92 suggests significant overlap in exposure. 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.

Returns By Period

In the year-to-date period, BBUS achieves a 9.47% return, which is significantly lower than TQQQ's 39.68% return.

BBUS

• 1D: -0.10%
• 1M: -1.02%
• 6M: 9.27%
• YTD: 9.47%
• 1Y: 19.86%
• 3Y*: 20.40%
• 5Y*: 12.48%
• 10Y*: —

TQQQ

• 1D: -5.31%
• 1M: -15.07%
• 6M: 40.67%
• YTD: 39.68%
• 1Y: 74.10%
• 3Y*: 54.35%
• 5Y*: 19.43%
• 10Y*: 43.84%

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

BBUS vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BBUS JPMorgan BetaBuilders U.S. Equity ETF	9.47%	17.77%	24.89%	27.20%	-19.46%	27.13%	20.69%	16.26%
TQQQ ProShares UltraPro QQQ	39.68%	34.35%	58.27%	198.04%	-79.09%	82.98%	110.05%	63.20%

Correlation

The correlation between BBUS and TQQQ is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year 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	38.0%	53.8%
Financial Services	11.7%	0.2%
Communication Services	9.7%	15.8%
Consumer Cyclical	9.0%	12.3%
Healthcare	8.8%	4.2%
Industrials	8.1%	2.8%
Consumer Defensive	4.5%	7.7%
Energy	3.2%	0.6%
Utilities	2.7%	1.4%
Real Estate	1.7%	0.1%
Basic Materials	1.6%	1.1%

Return for Risk

BBUS vs. TQQQ — Risk / Return Rank

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

BBUS

BBUS Risk / Return Rank: 60
BBUS Sharpe Ratio Rank: 61
BBUS Sortino Ratio Rank: 59
BBUS Omega Ratio Rank: 60
BBUS Calmar Ratio Rank: 55
BBUS Martin Ratio Rank: 66

TQQQ

TQQQ Risk / Return Rank: 49
TQQQ Sharpe Ratio Rank: 51
TQQQ Sortino Ratio Rank: 45
TQQQ Omega Ratio Rank: 47
TQQQ Calmar Ratio Rank: 52
TQQQ Martin Ratio Rank: 48

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. 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.

	BBUS	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.67	1.46	+0.21
Sortino ratio: Return per unit of downside risk	2.31	1.94	+0.38
Omega ratio: Gain probability vs. loss probability	1.30	1.25	+0.05
Calmar ratio: Return relative to maximum drawdown	2.28	2.15	+0.13
Martin ratio: Return relative to average drawdown	9.86	6.71	+3.15

BBUS vs. TQQQ - Sharpe Ratio Comparison

The current BBUS Sharpe Ratio is 1.67, which is comparable to the TQQQ Sharpe Ratio of 1.46. 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.

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.

Drawdown Indicators

	BBUS	TQQQ	Difference
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	-1.76%	-15.71%	+13.95%
Average Drawdown Average peak-to-trough decline	-5.42%	-18.49%	+13.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	11.81%	-9.68%

Volatility

BBUS vs. TQQQ - Volatility Comparison

The current volatility for JPMorgan BetaBuilders U.S. Equity ETF (BBUS) is 5.09%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 29.06%. 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.

Volatility by Period

	BBUS	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.09%	29.06%	-23.97%
Volatility (6M) Calculated over the trailing 6-month period	9.97%	44.85%	-34.88%
Volatility (1Y) Calculated over the trailing 1-year period	12.55%	54.41%	-41.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	67.60%	-50.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.56%	66.32%	-46.76%

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 1.02%, more than TQQQ's 0.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBUS JPMorgan BetaBuilders U.S. Equity ETF	1.02%	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	0.51%	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

Can I hold both BBUS and TQQQ in my portfolio?

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.

Which is riskier, BBUS or TQQQ?

TQQQ has higher volatility (29.06%) compared to BBUS (5.09%). In terms of maximum drawdown, BBUS dropped -35.35% vs TQQQ's -81.66%.

Which ETF is better, BBUS or TQQQ?

On 5-year performance, TQQQ leads with 19.43% vs 12.48% for BBUS. On fees, BBUS is cheaper at 0.02% per year. On volatility, BBUS has been the lower-risk option at 5.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBUS or TQQQ?

Over the 5-year period, TQQQ has performed better with a 19.43% return vs 12.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBUS or TQQQ?

BBUS is cheaper with a 0.02% expense ratio, compared with 0.95% for TQQQ.

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

BBUS has the higher dividend yield at 1.02%, compared with 0.51% for TQQQ.

What is the main difference between BBUS and 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.

Which has better risk-adjusted returns?

BBUS currently has the higher Sharpe Ratio (1.67 vs 1.46), 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.