BBUS vs. USOY

Last updated Jun 4, 2026

BBUS (JP Morgan Betabuilders U.S. Equity ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - BBUS is a Large Cap Growth Equities fund tracking the Morningstar US Target Market Exposure Index, while USOY is a Derivative Income fund actively managed by Defiance. BBUS is passively managed, while USOY is actively managed. Over the past year, BBUS returned 27.47% vs 57.29% for USOY. At a correlation of -0.08, they often move in opposite directions. BBUS charges 0.02%/yr vs 1.22%/yr for USOY.

Performance

BBUS vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JP Morgan Betabuilders U.S. Equity ETF (BBUS) and Defiance Oil Enhanced Options Income ETF (USOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBUS achieves a 10.60% return, which is significantly lower than USOY's 62.18% return.

BBUS

• 1D: -0.74%
• 1M: 5.12%
• YTD: 10.60%
• 6M: 10.47%
• 1Y: 27.47%
• 3Y*: 22.46%
• 5Y*: 13.43%
• 10Y*: —

USOY

• 1D: 1.45%
• 1M: -3.43%
• YTD: 62.18%
• 6M: 59.35%
• 1Y: 57.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BBUS vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BBUS JP Morgan Betabuilders U.S. Equity ETF	10.60%	17.77%	13.77%
USOY Defiance Oil Enhanced Options Income ETF	62.18%	-7.93%	7.27%

Correlation

The correlation between BBUS and USOY is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.30
Correlation (All Time) Calculated using the full available price history since May 13, 2024	-0.08

Over the past year, the inverse relationship between BBUS and USOY has strengthened: their correlation has moved from -0.08 to -0.30, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

BBUS vs. USOY — Risk / Return Rank

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

BBUS

BBUS Risk / Return Rank: 68
BBUS Sharpe Ratio Rank: 70
BBUS Sortino Ratio Rank: 68
BBUS Omega Ratio Rank: 68
BBUS Calmar Ratio Rank: 60
BBUS Martin Ratio Rank: 72

USOY

USOY Risk / Return Rank: 56
USOY Sharpe Ratio Rank: 55
USOY Sortino Ratio Rank: 46
USOY Omega Ratio Rank: 55
USOY Calmar Ratio Rank: 78
USOY Martin Ratio Rank: 46

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. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JP Morgan Betabuilders U.S. Equity ETF (BBUS) and Defiance Oil Enhanced Options Income ETF (USOY). 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.

	BBUS	USOY	Difference
Sharpe ratio: Return per unit of total volatility	2.33	1.89	+0.44
Sortino ratio: Return per unit of downside risk	3.18	2.30	+0.88
Omega ratio: Gain probability vs. loss probability	1.42	1.35	+0.07
Calmar ratio: Return relative to maximum drawdown	3.00	4.03	-1.03
Martin ratio: Return relative to average drawdown	13.76	7.74	+6.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBUS vs. USOY - Sharpe Ratio Comparison

The current BBUS Sharpe Ratio is 2.33, which is comparable to the USOY Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of BBUS and USOY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBUS	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	1.89	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.99	-0.16

Drawdowns

BBUS vs. USOY - Drawdown Comparison

The maximum BBUS drawdown since its inception was -35.35%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for BBUS and USOY.

Drawdown Indicators

	BBUS	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-35.35%	-17.46%	-17.89%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-14.29%	+5.08%
Max Drawdown (3Y) Largest decline over 3 years	-19.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.46%	—	—
Current Drawdown Current decline from peak	-0.74%	-5.11%	+4.37%
Average Drawdown Average peak-to-trough decline	-5.46%	-6.47%	+1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	7.42%	-5.42%

Volatility

BBUS vs. USOY - Volatility Comparison

The current volatility for JP Morgan Betabuilders U.S. Equity ETF (BBUS) is 2.88%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.62%. This indicates that BBUS experiences smaller price fluctuations and is considered to be less risky than USOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBUS	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	11.62%	-8.74%
Volatility (6M) Calculated over the trailing 6-month period	8.96%	27.18%	-18.22%
Volatility (1Y) Calculated over the trailing 1-year period	11.87%	30.44%	-18.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	26.13%	-9.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.59%	26.13%	-6.54%

BBUS vs. USOY - Expense Ratio Comparison

BBUS has a 0.02% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

BBUS vs. USOY - Dividend Comparison

BBUS's dividend yield for the trailing twelve months is around 0.98%, less than USOY's 54.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BBUS JP Morgan Betabuilders U.S. Equity ETF	0.98%	1.07%	1.21%	1.38%	1.57%	1.11%	1.43%	1.37%
USOY Defiance Oil Enhanced Options Income ETF	54.16%	104.32%	48.60%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBUS and USOY in my portfolio?

BBUS and USOY have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBUS or USOY?

USOY has higher volatility (11.62%) compared to BBUS (2.88%). In terms of maximum drawdown, BBUS dropped -35.35% vs USOY's -17.46%.

Which ETF is better, BBUS or USOY?

On 1-year performance, USOY leads with 57.29% vs 27.47% for BBUS. On fees, BBUS is cheaper at 0.02% per year. On volatility, BBUS has been the lower-risk option at 2.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBUS or USOY?

Over the 1-year period, USOY has performed better with a 57.29% return vs 27.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBUS or USOY?

BBUS is cheaper with a 0.02% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 54.16%, compared with 0.98% for BBUS.

What is the main difference between BBUS and USOY?

BBUS is categorized as Large Cap Growth Equities, while USOY is Derivative Income. They also come from different issuers: JPMorgan and Defiance. Their fees differ too: 0.02% for BBUS and 1.22% for USOY.

Which has better risk-adjusted returns?

BBUS currently has the higher Sharpe Ratio (2.33 vs 1.89), 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.