BBUS vs. USPX

Last updated Jun 4, 2026

BBUS (JP Morgan Betabuilders U.S. Equity ETF) and USPX (Franklin U.S. Equity Index ETF) are both exchange-traded funds - BBUS is a Large Cap Growth Equities fund tracking the Morningstar US Target Market Exposure Index, while USPX is a Large Cap Blend Equities fund tracking the Morningstar US Target Market Exposure Index. Both are passively managed. Over the past 5 years, BBUS returned 13.43%/yr vs 12.39%/yr for USPX. Their correlation of 0.94 suggests significant overlap in exposure. BBUS charges 0.02%/yr vs 0.03%/yr for USPX.

Performance

BBUS vs. USPX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with BBUS having a 10.60% return and USPX slightly higher at 10.64%.

BBUS

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

USPX

• 1D: -0.75%
• 1M: 5.12%
• YTD: 10.64%
• 6M: 10.50%
• 1Y: 27.42%
• 3Y*: 22.42%
• 5Y*: 12.39%
• 10Y*: —

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

BBUS vs. USPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BBUS JP Morgan Betabuilders U.S. Equity ETF	10.60%	17.77%	24.89%	27.20%	-19.46%	27.13%	20.69%	16.53%
USPX Franklin U.S. Equity Index ETF	10.64%	17.78%	24.97%	27.07%	-18.88%	19.53%	9.72%	13.98%

Correlation

The correlation between BBUS and USPX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Mar 14, 2019	0.94

The correlation between BBUS and USPX has been stable across timeframes, ranging from 0.94 to 0.99 - a consistent structural relationship.

BBUS vs. USPX - Sectors Allocation Comparison

Sectors	BBUS	USPX
Technology	37.1%	35.4%
Financial Services	10.8%	11.8%
Communication Services	10.8%	11.5%
Consumer Cyclical	9.4%	10.1%
Healthcare	8.1%	8.6%
Industrials	7.2%	8.4%
Consumer Defensive	4.5%	4.8%
Energy	3.2%	3.6%
Utilities	2.6%	2.3%
Real Estate	1.7%	1.8%
Basic Materials	1.2%	1.7%

Return for Risk

BBUS vs. USPX — 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

USPX

USPX Risk / Return Rank: 68
USPX Sharpe Ratio Rank: 69
USPX Sortino Ratio Rank: 68
USPX Omega Ratio Rank: 68
USPX Calmar Ratio Rank: 61
USPX Martin Ratio Rank: 73

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. USPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JP Morgan Betabuilders U.S. Equity ETF (BBUS) and Franklin U.S. Equity Index ETF (USPX). 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	USPX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.28	+0.05
Sortino ratio: Return per unit of downside risk	3.18	3.12	+0.05
Omega ratio: Gain probability vs. loss probability	1.42	1.41	+0.01
Calmar ratio: Return relative to maximum drawdown	3.00	3.01	-0.01
Martin ratio: Return relative to average drawdown	13.76	13.72	+0.03
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. USPX - Sharpe Ratio Comparison

The current BBUS Sharpe Ratio is 2.33, which is comparable to the USPX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of BBUS and USPX, 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	USPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.28	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.77	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.80	+0.03

Drawdowns

BBUS vs. USPX - Drawdown Comparison

The maximum BBUS drawdown since its inception was -35.35%, which is greater than USPX's maximum drawdown of -31.21%. Use the drawdown chart below to compare losses from any high point for BBUS and USPX.

Drawdown Indicators

	BBUS	USPX	Difference
Max Drawdown Largest peak-to-trough decline	-35.35%	-31.21%	-4.14%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-9.15%	-0.06%
Max Drawdown (3Y) Largest decline over 3 years	-19.01%	-19.21%	+0.20%
Max Drawdown (5Y) Largest decline over 5 years	-25.46%	-24.60%	-0.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.21%	—
Current Drawdown Current decline from peak	-0.74%	-0.75%	+0.01%
Average Drawdown Average peak-to-trough decline	-5.46%	-4.44%	-1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	2.00%	0.00%

Volatility

BBUS vs. USPX - Volatility Comparison

JP Morgan Betabuilders U.S. Equity ETF (BBUS) and Franklin U.S. Equity Index ETF (USPX) have volatilities of 2.88% and 2.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBUS	USPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	2.87%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	8.96%	9.16%	-0.20%
Volatility (1Y) Calculated over the trailing 1-year period	11.87%	12.09%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	16.17%	+0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.59%	15.92%	+3.67%

BBUS vs. USPX - Expense Ratio Comparison

BBUS has a 0.02% expense ratio, which is lower than USPX's 0.03% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BBUS vs. USPX - Dividend Comparison

BBUS's dividend yield for the trailing twelve months is around 0.98%, less than USPX's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BBUS JP Morgan Betabuilders U.S. Equity ETF	0.98%	1.07%	1.21%	1.38%	1.57%	1.11%	1.43%	1.37%	0.00%	0.00%	0.00%
USPX Franklin U.S. Equity Index ETF	1.04%	1.07%	1.23%	1.35%	2.21%	2.40%	2.51%	3.07%	2.91%	2.60%	4.89%

Frequently Asked Questions

Can I hold both BBUS and USPX in my portfolio?

With a correlation of 0.99, BBUS and USPX 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 USPX?

BBUS has higher volatility (2.88%) compared to USPX (2.87%). In terms of maximum drawdown, BBUS dropped -35.35% vs USPX's -31.21%.

Which ETF is better, BBUS or USPX?

On 5-year performance, BBUS leads with 13.43% vs 12.39% for USPX. On fees, BBUS is cheaper at 0.02% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBUS or USPX?

Over the 5-year period, BBUS has performed better with a 13.43% return vs 12.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBUS or USPX?

BBUS is cheaper with a 0.02% expense ratio, compared with 0.03% for USPX.

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

USPX has the higher dividend yield at 1.04%, compared with 0.98% for BBUS.

What is the main difference between BBUS and USPX?

BBUS is categorized as Large Cap Growth Equities, while USPX is Large Cap Blend Equities. Both ETFs track Morningstar US Target Market Exposure Index. They also come from different issuers: JPMorgan and Franklin Templeton. Their fees differ too: 0.02% for BBUS and 0.03% for USPX.

Which has better risk-adjusted returns?

BBUS currently has the higher Sharpe Ratio (2.33 vs 2.28), 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.