IUQA.L vs. BBUD.L
IUQA.L (iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating) and BBUD.L (JPM BetaBuilders US Equity UCITS ETF - USD (dist)) are both Large Cap Blend Equities funds - IUQA.L tracks the MSCI USA Sector Neutral Quality Index while BBUD.L tracks the Morningstar US Target Market Exposure Index. Both are passively managed. Over the past 5 years, IUQA.L returned 11.21%/yr vs 12.46%/yr for BBUD.L. With a 0.95 correlation, they move nearly in lockstep. IUQA.L charges 0.20%/yr vs 0.05%/yr for BBUD.L.
Performance
IUQA.L vs. BBUD.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IUQA.L having a 9.47% return and BBUD.L slightly higher at 9.91%.
IUQA.L
- 1D
- -1.29%
- 1M
- 0.11%
- 6M
- 7.42%
- YTD
- 9.47%
- 1Y
- 19.35%
- 3Y*
- 17.47%
- 5Y*
- 11.21%
- 10Y*
- —
BBUD.L
- 1D
- 0.06%
- 1M
- 0.66%
- 6M
- 8.97%
- YTD
- 9.91%
- 1Y
- 20.68%
- 3Y*
- 19.99%
- 5Y*
- 12.46%
- 10Y*
- —
IUQA.L vs. BBUD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IUQA.L iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating | 9.47% | 12.46% | 22.48% | 30.95% | -20.74% | 27.56% | 16.09% | 14.08% |
BBUD.L JPM BetaBuilders US Equity UCITS ETF - USD (dist) | 9.91% | 17.41% | 25.12% | 27.64% | -19.95% | 27.63% | 20.16% | 13.29% |
Correlation
The correlation between IUQA.L and BBUD.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2019 | 0.95 |
The correlation between IUQA.L and BBUD.L has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
IUQA.L vs. BBUD.L — Risk / Return Rank
IUQA.L
BBUD.L
IUQA.L vs. BBUD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.L) and JPM BetaBuilders US Equity UCITS ETF - USD (dist) (BBUD.L). 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.
| IUQA.L | BBUD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 2.46 | -0.04 |
| Martin ratioReturn relative to average drawdown | 10.28 | 10.00 | +0.28 |
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Drawdowns
IUQA.L vs. BBUD.L - Drawdown Comparison
The maximum IUQA.L drawdown since its inception was -33.96%, roughly equal to the maximum BBUD.L drawdown of -34.19%. Use the drawdown chart below to compare losses from any high point for IUQA.L and BBUD.L.
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Drawdown Indicators
| IUQA.L | BBUD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.96% | -34.19% | +0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -7.96% | -8.61% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -18.03% | -19.33% | +1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -27.77% | -25.33% | -2.44% |
Current DrawdownCurrent decline from peak | -1.29% | -0.66% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -5.30% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 2.12% | -0.24% |
Volatility
IUQA.L vs. BBUD.L - Volatility Comparison
iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.L) has a higher volatility of 3.28% compared to JPM BetaBuilders US Equity UCITS ETF - USD (dist) (BBUD.L) at 3.03%. This indicates that IUQA.L's price experiences larger fluctuations and is considered to be riskier than BBUD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUQA.L | BBUD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 3.03% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 8.91% | 9.43% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.59% | 12.14% | -0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 16.21% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.74% | 17.73% | +13.01% |
IUQA.L vs. BBUD.L - Expense Ratio Comparison
IUQA.L has a 0.20% expense ratio, which is higher than BBUD.L's 0.05% 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
IUQA.L vs. BBUD.L - Dividend Comparison
IUQA.L has not paid dividends to shareholders, while BBUD.L's dividend yield for the trailing twelve months is around 1.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BBUD.L JPM BetaBuilders US Equity UCITS ETF - USD (dist) | 1.10% | 1.10% | 1.01% | 1.29% | 1.46% | 0.95% | 1.37% | 0.74% |
IUQA.L iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, IUQA.L and BBUD.L 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.
On fees, BBUD.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBUD.L is cheaper with a 0.05% expense ratio, compared with 0.20% for IUQA.L.
IUQA.L tracks MSCI USA Sector Neutral Quality Index, while BBUD.L tracks Morningstar US Target Market Exposure Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.20% for IUQA.L and 0.05% for BBUD.L.
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