BBUS vs. VOO

Last updated Aug 2, 2026

BBUS (JPMorgan BetaBuilders U.S. Equity ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - BBUS is a Large Cap Blend Equities fund tracking the Morningstar US Target Market Exposure Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, BBUS returned 12.29%/yr vs 12.83%/yr for VOO. Their 0.99 correlation means they have historically moved very closely together. BBUS charges 0.02%/yr vs 0.03%/yr for VOO.

Performance

BBUS vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders U.S. Equity ETF (BBUS) and Vanguard S&P 500 ETF (VOO). 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 9.70% return and VOO slightly higher at 10.16%.

BBUS

• 1D: 0.73%
• 1M: 0.21%
• 6M: 8.38%
• YTD: 9.70%
• 1Y: 20.80%
• 3Y*: 19.31%
• 5Y*: 12.29%
• 10Y*: —
• ALL TIME*: 15.77%

VOO

• 1D: 0.71%
• 1M: 0.26%
• 6M: 8.58%
• YTD: 10.16%
• 1Y: 21.58%
• 3Y*: 19.42%
• 5Y*: 12.83%
• 10Y*: 15.14%
• ALL TIME*: 14.78%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BBUS JPMorgan BetaBuilders U.S. Equity ETF	$26.56M	$23.62M	$29.53M
VOO Vanguard S&P 500 ETF	$3.82B	$3.78B	$5.44B

BBUS vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BBUS JPMorgan BetaBuilders U.S. Equity ETF	9.70%	17.77%	24.89%	27.20%	-19.46%	27.13%	20.69%	16.26%
VOO Vanguard S&P 500 ETF	10.16%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	17.50%

Correlation

The correlation between BBUS and VOO is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	1.00
Correlation (3Y) Balances recent behavior with more history.	1.00
Correlation (5Y) Shows whether the relationship held over a longer period.	1.00
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019	0.99

The correlation between BBUS and VOO has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

BBUS vs. VOO - Sectors Allocation Comparison

Sectors	BBUS	VOO
Technology	38.7%	38.6%
Financial Services	11.6%	11.4%
Communication Services	9.9%	9.9%
Consumer Cyclical	9.4%	9.5%
Healthcare	8.9%	8.9%
Industrials	8.6%	8.5%
Consumer Defensive	4.4%	4.5%
Energy	3.0%	3.0%
Utilities	2.2%	2.2%
Real Estate	1.7%	1.8%
Basic Materials	1.6%	1.7%

Return for Risk

BBUS vs. VOO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BBUS

BBUS Risk / Return Rank: 63
BBUS Sharpe Ratio Rank: 63
BBUS Sortino Ratio Rank: 61
BBUS Omega Ratio Rank: 62
BBUS Calmar Ratio Rank: 58
BBUS Martin Ratio Rank: 70

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 68
VOO Sortino Ratio Rank: 65
VOO Omega Ratio Rank: 66
VOO Calmar Ratio Rank: 64
VOO Martin Ratio Rank: 76

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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Equity ETF (BBUS) and Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.53	-0.07
Sortino ratio: Return per unit of downside risk	2.04	2.13	-0.09
Omega ratio: Gain probability vs. loss probability	1.26	1.28	-0.01
Calmar ratio: Return relative to maximum drawdown	2.05	2.21	-0.16
Martin ratio: Return relative to average drawdown	8.63	9.44	-0.80

BBUS vs. VOO - Sharpe Ratio Comparison

The current BBUS Sharpe Ratio is 1.47, which is comparable to the VOO Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of BBUS and VOO, 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. VOO - Drawdown Comparison

The maximum BBUS drawdown since its inception was -35.35%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for BBUS and VOO.

Drawdown Indicators

	BBUS	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-35.35%	-33.99%	-1.36%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-8.90%	-0.31%
Max Drawdown (3Y) Largest decline over 3 years	-19.01%	-18.69%	-0.32%
Max Drawdown (5Y) Largest decline over 5 years	-25.46%	-24.52%	-0.94%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-1.55%	-1.38%	-0.17%
Average Drawdown Average peak-to-trough decline	-5.38%	-3.67%	-1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	2.08%	+0.11%

Volatility

BBUS vs. VOO - Volatility Comparison

JPMorgan BetaBuilders U.S. Equity ETF (BBUS) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.54% and 3.54%, 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	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	3.54%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	10.14%	10.10%	+0.04%
Volatility (1Y) Calculated over the trailing 1-year period	12.89%	12.82%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.15%	16.93%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.50%	18.01%	+1.49%

BBUS vs. VOO - Expense Ratio Comparison

BBUS has a 0.02% expense ratio, which is lower than VOO'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. VOO - Dividend Comparison

BBUS's dividend yield for the trailing twelve months is around 1.01%, less than VOO's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBUS JPMorgan BetaBuilders U.S. Equity ETF	1.01%	1.07%	1.21%	1.38%	1.57%	1.11%	1.43%	1.37%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.07%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both BBUS and VOO in my portfolio?

With a correlation of 1.00, BBUS and VOO 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 VOO?

VOO has higher volatility (3.54%) compared to BBUS (3.54%). In terms of maximum drawdown, BBUS dropped -35.35% vs VOO's -33.99%.

Which ETF is better, BBUS or VOO?

On 5-year performance, VOO leads with 12.83% vs 12.29% for BBUS. 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 VOO?

Over the 5-year period, VOO has performed better with a 12.83% return vs 12.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBUS or VOO?

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

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

VOO has the higher dividend yield at 1.07%, compared with 1.01% for BBUS.

What is the main difference between BBUS and VOO?

BBUS is categorized as Large Cap Blend Equities, while VOO is S&P 500. BBUS tracks Morningstar US Target Market Exposure Index, while VOO tracks S&P 500 Index. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.02% for BBUS and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (1.53 vs 1.47), 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.