FDRR vs. BBUS

Last updated Jun 24, 2026

FDRR (Fidelity Dividend ETF for Rising Rates) and BBUS (JPMorgan BetaBuilders U.S. Equity ETF) are both Large Cap Blend Equities funds - FDRR tracks the Fidelity Dividend Index for Rising Rates while BBUS tracks the Morningstar US Target Market Exposure Index. Both are passively managed. Over the past 5 years, FDRR returned 12.13%/yr vs 12.52%/yr for BBUS. Their correlation of 0.92 suggests significant overlap in exposure. FDRR charges 0.15%/yr vs 0.02%/yr for BBUS.

Performance

FDRR vs. BBUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Dividend ETF for Rising Rates (FDRR) and JPMorgan 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 FDRR having a 7.87% return and BBUS slightly lower at 7.57%.

FDRR

• 1D: -0.04%
• 1M: -0.38%
• YTD: 7.87%
• 6M: 7.46%
• 1Y: 26.53%
• 3Y*: 20.07%
• 5Y*: 12.13%
• 10Y*: —

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)

FDRR vs. BBUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FDRR Fidelity Dividend ETF for Rising Rates	7.87%	21.70%	20.24%	13.66%	-9.73%	26.06%	8.23%	15.57%
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 FDRR and BBUS is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019	0.92

The correlation between FDRR and BBUS has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

FDRR vs. BBUS - Sectors Allocation Comparison

Sectors	FDRR	BBUS
Technology	38.2%	38.1%
Financial Services	11.3%	11.2%
Communication Services	10.1%	10.0%
Healthcare	9.3%	8.0%
Industrials	8.3%	7.4%
Consumer Cyclical	8.2%	9.1%
Consumer Defensive	4.5%	4.4%
Energy	3.2%	3.0%
Real Estate	2.8%	1.7%
Utilities	2.1%	2.6%
Basic Materials	2.0%	1.2%

Return for Risk

FDRR vs. BBUS — Risk / Return Rank

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

FDRR

FDRR Risk / Return Rank: 74
FDRR Sharpe Ratio Rank: 78
FDRR Sortino Ratio Rank: 79
FDRR Omega Ratio Rank: 77
FDRR Calmar Ratio Rank: 66
FDRR Martin Ratio Rank: 72

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.

FDRR vs. BBUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Dividend ETF for Rising Rates (FDRR) 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.

	FDRR	BBUS	Difference
Sharpe ratio: Return per unit of total volatility	2.37	1.82	+0.55
Sortino ratio: Return per unit of downside risk	3.30	2.48	+0.82
Omega ratio: Gain probability vs. loss probability	1.43	1.33	+0.10
Calmar ratio: Return relative to maximum drawdown	3.13	2.49	+0.64
Martin ratio: Return relative to average drawdown	12.81	10.97	+1.84

FDRR vs. BBUS - Sharpe Ratio Comparison

The current FDRR Sharpe Ratio is 2.37, which is higher than the BBUS Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of FDRR 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

FDRR vs. BBUS - Drawdown Comparison

The maximum FDRR drawdown since its inception was -36.52%, roughly equal to the maximum BBUS drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for FDRR and BBUS.

Drawdown Indicators

	FDRR	BBUS	Difference
Max Drawdown Largest peak-to-trough decline	-36.52%	-35.35%	-1.17%
Max Drawdown (1Y) Largest decline over 1 year	-8.52%	-9.21%	+0.69%
Max Drawdown (3Y) Largest decline over 3 years	-18.04%	-19.01%	+0.97%
Max Drawdown (5Y) Largest decline over 5 years	-20.92%	-25.46%	+4.54%
Current Drawdown Current decline from peak	-3.08%	-3.47%	+0.39%
Average Drawdown Average peak-to-trough decline	-4.00%	-5.43%	+1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	2.08%	0.00%

Volatility

FDRR vs. BBUS - Volatility Comparison

The current volatility for Fidelity Dividend ETF for Rising Rates (FDRR) is 3.79%, while JPMorgan BetaBuilders U.S. Equity ETF (BBUS) has a volatility of 5.00%. This indicates that FDRR 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

	FDRR	BBUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	5.00%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	8.68%	9.95%	-1.27%
Volatility (1Y) Calculated over the trailing 1-year period	11.25%	12.59%	-1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.02%	17.14%	-2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.86%	19.59%	-2.73%

FDRR vs. BBUS - Expense Ratio Comparison

FDRR has a 0.15% 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

FDRR vs. BBUS - Dividend Comparison

FDRR's dividend yield for the trailing twelve months is around 2.16%, more than BBUS's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
FDRR Fidelity Dividend ETF for Rising Rates	2.16%	2.21%	2.61%	2.93%	2.75%	2.09%	2.85%	2.89%	3.20%	2.89%	0.61%

Frequently Asked Questions

Can I hold both FDRR and BBUS in my portfolio?

FDRR and BBUS have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDRR or BBUS?

BBUS has higher volatility (5.00%) compared to FDRR (3.79%). In terms of maximum drawdown, FDRR dropped -36.52% vs BBUS's -35.35%.

Which ETF is better, FDRR or BBUS?

On 5-year performance, BBUS leads with 12.52% vs 12.13% for FDRR. On fees, BBUS is cheaper at 0.02% per year. On volatility, FDRR has been the lower-risk option at 3.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDRR or BBUS?

Over the 5-year period, BBUS has performed better with a 12.52% return vs 12.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDRR or BBUS?

BBUS is cheaper with a 0.02% expense ratio, compared with 0.15% for FDRR.

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

FDRR has the higher dividend yield at 2.16%, compared with 1.01% for BBUS.

What is the main difference between FDRR and BBUS?

FDRR tracks Fidelity Dividend Index for Rising Rates, while BBUS tracks Morningstar US Target Market Exposure Index. They also come from different issuers: Fidelity and JPMorgan. Their fees differ too: 0.15% for FDRR and 0.02% for BBUS.

Which has better risk-adjusted returns?

FDRR currently has the higher Sharpe Ratio (2.37 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.