IMCB vs. BBMC
Compare and contrast key facts about iShares Morningstar Mid-Cap ETF (IMCB) and JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC).
IMCB and BBMC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMCB is a passively managed fund by iShares that tracks the performance of the IMCB-US - Morningstar U.S. Mid Cap Index. It was launched on Jun 28, 2004. BBMC is a passively managed fund by JPMorgan Chase that tracks the performance of the Morningstar US Mid Cap Target Market Exposure Extended Index. It was launched on Apr 14, 2020. Both IMCB and BBMC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IMCB or BBMC.
Key characteristics
| IMCB | BBMC | |
|---|---|---|
| YTD Return | 19.15% | 20.47% |
| 1Y Return | 36.09% | 41.51% |
| 3Y Return (Ann) | 4.67% | 2.76% |
| Sharpe Ratio | 2.78 | 2.32 |
| Sortino Ratio | 3.90 | 3.22 |
| Omega Ratio | 1.49 | 1.40 |
| Calmar Ratio | 2.13 | 1.70 |
| Martin Ratio | 15.82 | 12.38 |
| Ulcer Index | 2.27% | 3.22% |
| Daily Std Dev | 12.90% | 17.20% |
| Max Drawdown | -58.80% | -30.11% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between IMCB and BBMC is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IMCB vs. BBMC - Performance Comparison
In the year-to-date period, IMCB achieves a 19.15% return, which is significantly lower than BBMC's 20.47% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IMCB vs. BBMC - Expense Ratio Comparison
IMCB has a 0.04% expense ratio, which is lower than BBMC's 0.07% 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%.
Risk-Adjusted Performance
IMCB vs. BBMC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap ETF (IMCB) and JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC). 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.
Dividends
IMCB vs. BBMC - Dividend Comparison
IMCB's dividend yield for the trailing twelve months is around 1.38%, more than BBMC's 1.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCB iShares Morningstar Mid-Cap ETF | 1.38% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% | 1.40% | 1.19% |
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 1.13% | 1.36% | 1.48% | 0.87% | 0.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IMCB vs. BBMC - Drawdown Comparison
The maximum IMCB drawdown since its inception was -58.80%, which is greater than BBMC's maximum drawdown of -30.11%. Use the drawdown chart below to compare losses from any high point for IMCB and BBMC. For additional features, visit the drawdowns tool.
Volatility
IMCB vs. BBMC - Volatility Comparison
The current volatility for iShares Morningstar Mid-Cap ETF (IMCB) is 3.97%, while JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) has a volatility of 5.28%. This indicates that IMCB experiences smaller price fluctuations and is considered to be less risky than BBMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.