BKLC vs. BBUS

Last updated Jun 4, 2026

BKLC (BNY Mellon US Large Cap Core Equity ETF) and BBUS (JP Morgan Betabuilders U.S. Equity ETF) are both Large Cap Growth Equities funds - BKLC tracks the Morningstar US Large Cap Index while BBUS tracks the Morningstar US Target Market Exposure Index. Both are passively managed. Over the past 5 years, BKLC returned 14.33%/yr vs 13.43%/yr for BBUS. With a 0.98 correlation, they move nearly in lockstep. BKLC charges 0.00%/yr vs 0.02%/yr for BBUS.

Performance

BKLC vs. BBUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon US Large Cap Core Equity ETF (BKLC) and JP Morgan Betabuilders U.S. Equity ETF (BBUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with BKLC having a 10.93% return and BBUS slightly lower at 10.60%.

BKLC

• 1D: -0.74%
• 1M: 5.19%
• YTD: 10.93%
• 6M: 10.81%
• 1Y: 28.05%
• 3Y*: 23.25%
• 5Y*: 14.33%
• 10Y*: —

BBUS

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

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

BKLC vs. BBUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BKLC BNY Mellon US Large Cap Core Equity ETF	10.93%	18.06%	25.56%	30.88%	-20.52%	27.41%	37.38%
BBUS JP Morgan Betabuilders U.S. Equity ETF	10.60%	17.77%	24.89%	27.20%	-19.46%	27.13%	38.93%

Correlation

The correlation between BKLC and BBUS 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	0.99
Correlation (All Time) Calculated using the full available price history since Apr 13, 2020	0.98

The correlation between BKLC and BBUS has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

BKLC vs. BBUS - Sectors Allocation Comparison

Sectors	BKLC	BBUS
Technology	38.0%	37.1%
Financial Services	10.9%	10.8%
Communication Services	10.8%	10.8%
Consumer Cyclical	9.8%	9.4%
Healthcare	8.3%	8.1%
Industrials	7.8%	7.2%
Consumer Defensive	4.4%	4.5%
Energy	3.3%	3.2%
Utilities	2.5%	2.6%
Real Estate	1.7%	1.7%
Basic Materials	1.6%	1.2%

Return for Risk

BKLC vs. BBUS — Risk / Return Rank

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

BKLC

BKLC Risk / Return Rank: 68
BKLC Sharpe Ratio Rank: 69
BKLC Sortino Ratio Rank: 67
BKLC Omega Ratio Rank: 69
BKLC Calmar Ratio Rank: 61
BKLC Martin Ratio Rank: 73

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

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.

BKLC vs. BBUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon US Large Cap Core Equity ETF (BKLC) and JP Morgan Betabuilders U.S. Equity ETF (BBUS). 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.

	BKLC	BBUS	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.33	0.00
Sortino ratio: Return per unit of downside risk	3.15	3.18	-0.03
Omega ratio: Gain probability vs. loss probability	1.42	1.42	0.00
Calmar ratio: Return relative to maximum drawdown	3.10	3.00	+0.10
Martin ratio: Return relative to average drawdown	14.15	13.76	+0.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKLC vs. BBUS - Sharpe Ratio Comparison

The current BKLC Sharpe Ratio is 2.33, which is comparable to the BBUS Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of BKLC and BBUS, 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

	BKLC	BBUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.33	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.79	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	1.12	0.84	+0.29

Drawdowns

BKLC vs. BBUS - Drawdown Comparison

The maximum BKLC drawdown since its inception was -26.14%, smaller than the maximum BBUS drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for BKLC and BBUS.

Drawdown Indicators

	BKLC	BBUS	Difference
Max Drawdown Largest peak-to-trough decline	-26.14%	-35.35%	+9.21%
Max Drawdown (1Y) Largest decline over 1 year	-9.10%	-9.21%	+0.11%
Max Drawdown (3Y) Largest decline over 3 years	-19.05%	-19.01%	-0.04%
Max Drawdown (5Y) Largest decline over 5 years	-26.14%	-25.46%	-0.68%
Current Drawdown Current decline from peak	-0.74%	-0.74%	0.00%
Average Drawdown Average peak-to-trough decline	-5.27%	-5.46%	+0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	2.00%	-0.01%

Volatility

BKLC vs. BBUS - Volatility Comparison

BNY Mellon US Large Cap Core Equity ETF (BKLC) and JP Morgan Betabuilders U.S. Equity ETF (BBUS) have volatilities of 3.00% and 2.88%, 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

	BKLC	BBUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	2.88%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	9.12%	8.96%	+0.16%
Volatility (1Y) Calculated over the trailing 1-year period	12.11%	11.87%	+0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.16%	17.03%	+0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.44%	19.59%	-2.15%

BKLC vs. BBUS - Expense Ratio Comparison

BKLC has a 0.00% expense ratio, which is lower than BBUS's 0.02% 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

BKLC vs. BBUS - Dividend Comparison

BKLC's dividend yield for the trailing twelve months is around 1.01%, more than BBUS's 0.98% 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%
BKLC BNY Mellon US Large Cap Core Equity ETF	1.01%	1.05%	1.22%	1.35%	1.64%	1.10%	0.84%	0.00%

Frequently Asked Questions

Can I hold both BKLC and BBUS in my portfolio?

With a correlation of 0.99, BKLC and BBUS 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, BKLC or BBUS?

BKLC has higher volatility (3.00%) compared to BBUS (2.88%). In terms of maximum drawdown, BKLC dropped -26.14% vs BBUS's -35.35%.

Which ETF is better, BKLC or BBUS?

On 5-year performance, BKLC leads with 14.33% vs 13.43% for BBUS. On fees, BKLC is cheaper at 0.00% 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, BKLC or BBUS?

Over the 5-year period, BKLC has performed better with a 14.33% return vs 13.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKLC or BBUS?

BKLC is cheaper with a 0.00% expense ratio, compared with 0.02% for BBUS.

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

BKLC has the higher dividend yield at 1.01%, compared with 0.98% for BBUS.

What is the main difference between BKLC and BBUS?

BKLC tracks Morningstar US Large Cap Index, while BBUS tracks Morningstar US Target Market Exposure Index. They also come from different issuers: BNY Mellon and JPMorgan. Their fees differ too: 0.00% for BKLC and 0.02% for BBUS.

Which has better risk-adjusted returns?

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