EQWL vs. BBUS

Last updated Jun 24, 2026

EQWL (Invesco S&P 100 Equal Weight ETF) and BBUS (JPMorgan BetaBuilders U.S. Equity ETF) are both Large Cap Blend Equities funds - EQWL tracks the S&P 100 Equal Weight Index while BBUS tracks the Morningstar US Target Market Exposure Index. Both are passively managed. Over the past 5 years, EQWL returned 11.94%/yr vs 12.52%/yr for BBUS. Their correlation of 0.90 suggests significant overlap in exposure. EQWL charges 0.25%/yr vs 0.02%/yr for BBUS.

Performance

EQWL vs. BBUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 100 Equal Weight ETF (EQWL) and JPMorgan BetaBuilders U.S. Equity ETF (BBUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EQWL achieves a 8.85% return, which is significantly higher than BBUS's 7.57% return.

EQWL

• 1D: -0.64%
• 1M: 1.01%
• YTD: 8.85%
• 6M: 8.38%
• 1Y: 20.95%
• 3Y*: 19.23%
• 5Y*: 11.94%
• 10Y*: 14.81%

BBUS

• 1D: -1.68%
• 1M: -1.53%
• YTD: 7.57%
• 6M: 6.62%
• 1Y: 22.78%
• 3Y*: 20.70%
• 5Y*: 12.52%
• 10Y*: —

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

EQWL vs. BBUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EQWL Invesco S&P 100 Equal Weight ETF	8.85%	17.61%	19.11%	19.48%	-11.46%	28.29%	13.94%	16.10%
BBUS JPMorgan BetaBuilders U.S. Equity ETF	7.57%	17.77%	24.89%	27.20%	-19.46%	27.13%	20.69%	16.26%

Correlation

The correlation between EQWL and BBUS is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019	0.90

The correlation between EQWL and BBUS has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.

EQWL vs. BBUS - Sectors Allocation Comparison

Sectors	EQWL	BBUS
Technology	26.7%	38.1%
Financial Services	14.9%	11.2%
Healthcare	13.5%	8.0%
Industrials	13.2%	7.4%
Consumer Defensive	8.3%	4.4%
Consumer Cyclical	8.2%	9.1%
Communication Services	7.1%	10.0%
Energy	2.7%	3.0%
Utilities	2.6%	2.6%
Real Estate	1.9%	1.7%
Basic Materials	1.0%	1.2%

Return for Risk

EQWL vs. BBUS — Risk / Return Rank

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

EQWL

EQWL Risk / Return Rank: 61
EQWL Sharpe Ratio Rank: 62
EQWL Sortino Ratio Rank: 62
EQWL Omega Ratio Rank: 59
EQWL Calmar Ratio Rank: 57
EQWL Martin Ratio Rank: 65

BBUS

BBUS Risk / Return Rank: 56
BBUS Sharpe Ratio Rank: 56
BBUS Sortino Ratio Rank: 54
BBUS Omega Ratio Rank: 55
BBUS Calmar Ratio Rank: 52
BBUS Martin Ratio Rank: 63

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.

EQWL vs. BBUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 100 Equal Weight ETF (EQWL) and JPMorgan 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.

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.

	EQWL	BBUS	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.82	+0.15
Sortino ratio: Return per unit of downside risk	2.77	2.48	+0.29
Omega ratio: Gain probability vs. loss probability	1.35	1.33	+0.02
Calmar ratio: Return relative to maximum drawdown	2.71	2.49	+0.22
Martin ratio: Return relative to average drawdown	11.33	10.97	+0.35

EQWL vs. BBUS - Sharpe Ratio Comparison

The current EQWL Sharpe Ratio is 1.97, which is comparable to the BBUS Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of EQWL 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.

Drawdowns

EQWL vs. BBUS - Drawdown Comparison

The maximum EQWL drawdown since its inception was -49.36%, which is greater than BBUS's maximum drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for EQWL and BBUS.

Drawdown Indicators

	EQWL	BBUS	Difference
Max Drawdown Largest peak-to-trough decline	-49.36%	-35.35%	-14.01%
Max Drawdown (1Y) Largest decline over 1 year	-7.76%	-9.21%	+1.45%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-19.01%	+4.06%
Max Drawdown (5Y) Largest decline over 5 years	-22.99%	-25.46%	+2.47%
Max Drawdown (10Y) Largest decline over 10 years	-34.30%	—	—
Current Drawdown Current decline from peak	-1.52%	-3.47%	+1.95%
Average Drawdown Average peak-to-trough decline	-6.68%	-5.43%	-1.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	2.08%	-0.23%

Volatility

EQWL vs. BBUS - Volatility Comparison

The current volatility for Invesco S&P 100 Equal Weight ETF (EQWL) is 3.88%, while JPMorgan BetaBuilders U.S. Equity ETF (BBUS) has a volatility of 5.00%. This indicates that EQWL experiences smaller price fluctuations and is considered to be less risky than BBUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQWL	BBUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	5.00%	-1.12%
Volatility (6M) Calculated over the trailing 6-month period	8.27%	9.95%	-1.68%
Volatility (1Y) Calculated over the trailing 1-year period	10.71%	12.59%	-1.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.04%	17.14%	-2.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.78%	19.59%	-2.81%

EQWL vs. BBUS - Expense Ratio Comparison

EQWL has a 0.25% 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

EQWL vs. BBUS - Dividend Comparison

EQWL's dividend yield for the trailing twelve months is around 1.60%, more than BBUS's 1.01% 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%
EQWL Invesco S&P 100 Equal Weight ETF	1.60%	1.67%	1.86%	1.97%	2.12%	1.65%	2.01%	2.04%	2.23%	1.27%	2.01%	2.03%

Frequently Asked Questions

Can I hold both EQWL and BBUS in my portfolio?

EQWL and BBUS have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EQWL or BBUS?

BBUS has higher volatility (5.00%) compared to EQWL (3.88%). In terms of maximum drawdown, EQWL dropped -49.36% vs BBUS's -35.35%.

Which ETF is better, EQWL or BBUS?

On 5-year performance, BBUS leads with 12.52% vs 11.94% for EQWL. On fees, BBUS is cheaper at 0.02% per year. On volatility, EQWL has been the lower-risk option at 3.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EQWL or BBUS?

Over the 5-year period, BBUS has performed better with a 12.52% return vs 11.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EQWL or BBUS?

BBUS is cheaper with a 0.02% expense ratio, compared with 0.25% for EQWL.

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

EQWL has the higher dividend yield at 1.60%, compared with 1.01% for BBUS.

What is the main difference between EQWL and BBUS?

EQWL tracks S&P 100 Equal Weight Index, while BBUS tracks Morningstar US Target Market Exposure Index. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.25% for EQWL and 0.02% for BBUS.

Which has better risk-adjusted returns?

EQWL currently has the higher Sharpe Ratio (1.97 vs 1.82), 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.