IJPIX vs. BBUS

Last updated Aug 1, 2026

IJPIX (VY JPMorgan Emerging Markets Equity Portfolio) and BBUS (JPMorgan BetaBuilders U.S. Equity ETF) are both funds - IJPIX is a Emerging Markets Equities fund managed by Voya, while BBUS is a Large Cap Blend Equities fund tracking the Morningstar US Target Market Exposure Index. Over the past 5 years, IJPIX returned 4.77%/yr vs 12.29%/yr for BBUS. Their 0.67 correlation means they have sometimes moved together and sometimes differently. IJPIX charges 1.51%/yr vs 0.02%/yr for BBUS.

Performance

IJPIX vs. BBUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VY JPMorgan Emerging Markets Equity Portfolio (IJPIX) 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, IJPIX achieves a 20.55% return, which is significantly higher than BBUS's 9.70% return.

IJPIX

• 1D: 3.97%
• 1M: -4.52%
• 6M: 9.35%
• YTD: 20.55%
• 1Y: 41.72%
• 3Y*: 18.37%
• 5Y*: 4.77%
• 10Y*: 9.20%
• ALL TIME*: 6.83%

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%

*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
IJPIX VY JPMorgan Emerging Markets Equity Portfolio	$0.00	$0.00	$0.00

IJPIX vs. BBUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IJPIX VY JPMorgan Emerging Markets Equity Portfolio	20.55%	38.95%	1.91%	6.58%	-26.16%	-10.00%	33.28%	16.11%
BBUS JPMorgan BetaBuilders U.S. Equity ETF	9.70%	17.77%	24.89%	27.20%	-19.46%	27.13%	20.69%	16.26%

Correlation

The correlation between IJPIX and BBUS is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (3Y) Balances recent behavior with more history.	0.62
Correlation (5Y) Shows whether the relationship held over a longer period.	0.66
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019	0.67

The correlation between IJPIX and BBUS has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.

Return for Risk

IJPIX vs. BBUS — Risk / Return Rank

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

IJPIX

IJPIX Risk / Return Rank: 77
IJPIX Sharpe Ratio Rank: 76
IJPIX Sortino Ratio Rank: 67
IJPIX Omega Ratio Rank: 73
IJPIX Calmar Ratio Rank: 87
IJPIX Martin Ratio Rank: 84

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

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.

IJPIX vs. BBUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VY JPMorgan Emerging Markets Equity Portfolio (IJPIX) 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.

	IJPIX	BBUS	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.47	+0.37
Sortino ratio: Return per unit of downside risk	2.35	2.04	+0.31
Omega ratio: Gain probability vs. loss probability	1.33	1.26	+0.07
Calmar ratio: Return relative to maximum drawdown	3.14	2.05	+1.09
Martin ratio: Return relative to average drawdown	10.78	8.63	+2.14

IJPIX vs. BBUS - Sharpe Ratio Comparison

The current IJPIX Sharpe Ratio is 1.83, which is comparable to the BBUS Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of IJPIX 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

IJPIX vs. BBUS - Drawdown Comparison

The maximum IJPIX drawdown since its inception was -64.21%, which is greater than BBUS's maximum drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for IJPIX and BBUS.

Drawdown Indicators

	IJPIX	BBUS	Difference
Max Drawdown Largest peak-to-trough decline	-64.21%	-35.35%	-28.86%
Max Drawdown (1Y) Largest decline over 1 year	-14.50%	-9.21%	-5.29%
Max Drawdown (3Y) Largest decline over 3 years	-15.42%	-19.01%	+3.59%
Max Drawdown (5Y) Largest decline over 5 years	-44.11%	-25.46%	-18.65%
Max Drawdown (10Y) Largest decline over 10 years	-49.88%	—	—
Current Drawdown Current decline from peak	-11.11%	-1.55%	-9.56%
Average Drawdown Average peak-to-trough decline	-20.04%	-5.38%	-14.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	2.19%	+1.88%

Volatility

IJPIX vs. BBUS - Volatility Comparison

VY JPMorgan Emerging Markets Equity Portfolio (IJPIX) has a higher volatility of 10.33% compared to JPMorgan BetaBuilders U.S. Equity ETF (BBUS) at 3.54%. This indicates that IJPIX'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

	IJPIX	BBUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.33%	3.54%	+6.79%
Volatility (6M) Calculated over the trailing 6-month period	22.03%	10.14%	+11.89%
Volatility (1Y) Calculated over the trailing 1-year period	24.86%	12.89%	+11.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.32%	17.15%	+3.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.95%	19.50%	+0.45%

IJPIX vs. BBUS - Expense Ratio Comparison

IJPIX has a 1.51% expense ratio, which is higher than BBUS's 0.02% expense ratio.

Dividends

IJPIX vs. BBUS - Dividend Comparison

IJPIX's dividend yield for the trailing twelve months is around 20.80%, 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%
IJPIX VY JPMorgan Emerging Markets Equity Portfolio	20.80%	25.88%	0.82%	1.67%	42.85%	8.66%	5.75%	5.37%	0.66%	0.40%	1.15%	9.47%

Frequently Asked Questions

Can I hold both IJPIX and BBUS in my portfolio?

IJPIX and BBUS have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IJPIX or BBUS?

IJPIX has higher volatility (10.33%) compared to BBUS (3.54%). In terms of maximum drawdown, IJPIX dropped -64.21% vs BBUS's -35.35%.

Which has better risk-adjusted returns?

IJPIX currently has the higher Sharpe Ratio (1.83 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.