CRBN vs. BBUS

Last updated Jun 5, 2026

CRBN (iShares MSCI ACWI Low Carbon Target ETF) and BBUS (JP Morgan Betabuilders U.S. Equity ETF) are both Large Cap Growth Equities funds - CRBN tracks the MSCI ACWI Low Carbon Target Index while BBUS tracks the Morningstar US Target Market Exposure Index. Both are passively managed. Over the past 5 years, CRBN returned 11.14%/yr vs 13.53%/yr for BBUS. With a 0.96 correlation, they move nearly in lockstep. CRBN charges 0.20%/yr vs 0.02%/yr for BBUS.

Performance

CRBN vs. BBUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI ACWI Low Carbon Target ETF (CRBN) and JP Morgan Betabuilders U.S. Equity ETF (BBUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with CRBN at 11.12% and BBUS at 11.12%.

CRBN

• 1D: 0.18%
• 1M: 4.24%
• YTD: 11.12%
• 6M: 12.10%
• 1Y: 27.38%
• 3Y*: 21.37%
• 5Y*: 11.14%
• 10Y*: 12.75%

BBUS

• 1D: 0.47%
• 1M: 4.82%
• YTD: 11.12%
• 6M: 10.90%
• 1Y: 28.04%
• 3Y*: 22.72%
• 5Y*: 13.53%
• 10Y*: —

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

CRBN vs. BBUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CRBN iShares MSCI ACWI Low Carbon Target ETF	11.12%	21.85%	19.29%	22.31%	-19.12%	18.82%	16.83%	14.42%
BBUS JP Morgan Betabuilders U.S. Equity ETF	11.12%	17.77%	24.89%	27.20%	-19.46%	27.13%	20.69%	16.53%

Correlation

The correlation between CRBN and BBUS is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Mar 14, 2019	0.96

The correlation between CRBN and BBUS has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.

CRBN vs. BBUS - Sectors Allocation Comparison

Sectors	CRBN	BBUS
Technology	32.3%	37.1%
Financial Services	18.3%	10.8%
Communication Services	9.6%	10.8%
Industrials	9.4%	7.2%
Healthcare	8.1%	8.1%
Consumer Cyclical	7.7%	9.4%
Consumer Defensive	4.4%	4.5%
Real Estate	2.9%	1.7%
Basic Materials	2.5%	1.2%
Energy	2.2%	3.2%
Utilities	2.2%	2.6%

Return for Risk

CRBN vs. BBUS — Risk / Return Rank

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

CRBN

CRBN Risk / Return Rank: 63
CRBN Sharpe Ratio Rank: 64
CRBN Sortino Ratio Rank: 64
CRBN Omega Ratio Rank: 64
CRBN Calmar Ratio Rank: 56
CRBN Martin Ratio Rank: 67

BBUS

BBUS Risk / Return Rank: 71
BBUS Sharpe Ratio Rank: 74
BBUS Sortino Ratio Rank: 72
BBUS Omega Ratio Rank: 73
BBUS Calmar Ratio Rank: 62
BBUS Martin Ratio Rank: 75

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.

CRBN vs. BBUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI Low Carbon Target ETF (CRBN) 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.

	CRBN	BBUS	Difference
Sharpe ratio: Return per unit of total volatility	2.11	2.37	-0.27
Sortino ratio: Return per unit of downside risk	2.93	3.23	-0.31
Omega ratio: Gain probability vs. loss probability	1.38	1.43	-0.05
Calmar ratio: Return relative to maximum drawdown	2.73	3.06	-0.33
Martin ratio: Return relative to average drawdown	12.06	14.04	-1.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRBN vs. BBUS - Sharpe Ratio Comparison

The current CRBN Sharpe Ratio is 2.11, which is comparable to the BBUS Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of CRBN 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

	CRBN	BBUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	2.37	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.80	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.84	-0.14

Drawdowns

CRBN vs. BBUS - Drawdown Comparison

The maximum CRBN drawdown since its inception was -33.13%, smaller than the maximum BBUS drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for CRBN and BBUS.

Drawdown Indicators

	CRBN	BBUS	Difference
Max Drawdown Largest peak-to-trough decline	-33.13%	-35.35%	+2.22%
Max Drawdown (1Y) Largest decline over 1 year	-10.08%	-9.21%	-0.87%
Max Drawdown (3Y) Largest decline over 3 years	-16.60%	-19.01%	+2.41%
Max Drawdown (5Y) Largest decline over 5 years	-27.04%	-25.46%	-1.58%
Max Drawdown (10Y) Largest decline over 10 years	-33.13%	—	—
Current Drawdown Current decline from peak	-0.64%	-0.28%	-0.36%
Average Drawdown Average peak-to-trough decline	-5.20%	-5.45%	+0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	2.00%	+0.28%

Volatility

CRBN vs. BBUS - Volatility Comparison

iShares MSCI ACWI Low Carbon Target ETF (CRBN) has a higher volatility of 3.67% compared to JP Morgan Betabuilders U.S. Equity ETF (BBUS) at 2.84%. This indicates that CRBN's price experiences larger fluctuations and is considered to be riskier than BBUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRBN	BBUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	2.84%	+0.83%
Volatility (6M) Calculated over the trailing 6-month period	10.52%	8.97%	+1.55%
Volatility (1Y) Calculated over the trailing 1-year period	13.05%	11.87%	+1.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.09%	17.03%	-0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.90%	19.59%	-2.69%

CRBN vs. BBUS - Expense Ratio Comparison

CRBN has a 0.20% expense ratio, which is higher than BBUS's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

CRBN vs. BBUS - Dividend Comparison

CRBN's dividend yield for the trailing twelve months is around 1.99%, more than BBUS's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
CRBN iShares MSCI ACWI Low Carbon Target ETF	1.99%	2.21%	1.94%	2.01%	1.95%	1.57%	1.41%	2.27%	2.51%	2.05%	2.27%	2.01%

Frequently Asked Questions

Can I hold both CRBN and BBUS in my portfolio?

With a correlation of 0.96, CRBN 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, CRBN or BBUS?

CRBN has higher volatility (3.67%) compared to BBUS (2.84%). In terms of maximum drawdown, CRBN dropped -33.13% vs BBUS's -35.35%.

Which ETF is better, CRBN or BBUS?

On 5-year performance, BBUS leads with 13.53% vs 11.14% for CRBN. On fees, BBUS is cheaper at 0.02% per year. On volatility, BBUS has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRBN or BBUS?

Over the 5-year period, BBUS has performed better with a 13.53% return vs 11.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CRBN or BBUS?

BBUS is cheaper with a 0.02% expense ratio, compared with 0.20% for CRBN.

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

CRBN has the higher dividend yield at 1.99%, compared with 0.98% for BBUS.

What is the main difference between CRBN and BBUS?

CRBN tracks MSCI ACWI Low Carbon Target Index, while BBUS tracks Morningstar US Target Market Exposure Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.20% for CRBN and 0.02% for BBUS.

Which has better risk-adjusted returns?

BBUS currently has the higher Sharpe Ratio (2.37 vs 2.11), 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.