JPUS vs. BALI

Last updated Apr 1, 2026

Compare and contrast key facts about JPMorgan Diversified Return US Equity ETF (JPUS) and Blackrock Advantage Large Cap Income ETF (BALI).

JPUS and BALI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPUS is a passively managed fund by JPMorgan that tracks the performance of the JPMorgan Diversified Factor US Equity Index. It was launched on Sep 29, 2015. BALI is an actively managed fund by BlackRock. It was launched on Sep 26, 2023.

Performance

JPUS vs. BALI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Diversified Return US Equity ETF (JPUS) and Blackrock Advantage Large Cap Income ETF (BALI). The values are adjusted to include any dividend payments, if applicable.

JPUS vs. BALI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPUS JPMorgan Diversified Return US Equity ETF	5.49%	11.18%	13.48%	9.82%
BALI Blackrock Advantage Large Cap Income ETF	-1.60%	14.51%	22.38%	9.52%

Returns By Period

In the year-to-date period, JPUS achieves a 5.49% return, which is significantly higher than BALI's -1.60% return.

JPUS

• 1D: 1.68%
• 1M: -4.62%
• YTD: 5.49%
• 6M: 6.29%
• 1Y: 15.64%
• 3Y*: 13.41%
• 5Y*: 9.55%
• 10Y*: 11.08%

BALI

• 1D: 2.56%
• 1M: -3.85%
• YTD: -1.60%
• 6M: 0.88%
• 1Y: 16.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JPUS vs. BALI - Expense Ratio Comparison

JPUS has a 0.18% expense ratio, which is lower than BALI's 0.35% expense ratio.

BALI

Blackrock Advantage Large Cap Income ETF

JPUS

JPMorgan Diversified Return US Equity ETF

Return for Risk

JPUS vs. BALI — Risk / Return Rank

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

JPUS

JPUS Risk / Return Rank: 62
JPUS Sharpe Ratio Rank: 61
JPUS Sortino Ratio Rank: 62
JPUS Omega Ratio Rank: 61
JPUS Calmar Ratio Rank: 58
JPUS Martin Ratio Rank: 69

BALI

BALI Risk / Return Rank: 70
BALI Sharpe Ratio Rank: 65
BALI Sortino Ratio Rank: 67
BALI Omega Ratio Rank: 72
BALI Calmar Ratio Rank: 68
BALI Martin Ratio Rank: 80

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.

JPUS vs. BALI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Diversified Return US Equity ETF (JPUS) and Blackrock Advantage Large Cap Income ETF (BALI). 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.

	JPUS	BALI	Difference
Sharpe ratio Return per unit of total volatility	1.05	1.09	-0.04
Sortino ratio Return per unit of downside risk	1.55	1.60	-0.06
Omega ratio Gain probability vs. loss probability	1.22	1.26	-0.04
Calmar ratio Return relative to maximum drawdown	1.45	1.63	-0.18
Martin ratio Return relative to average drawdown	6.85	8.32	-1.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPUS vs. BALI - Sharpe Ratio Comparison

The current JPUS Sharpe Ratio is 1.05, which is comparable to the BALI Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of JPUS and BALI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JPUS	BALI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	1.09	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	1.37	-0.68

Correlation

The correlation between JPUS and BALI is 0.72, 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.

Dividends

JPUS vs. BALI - Dividend Comparison

JPUS's dividend yield for the trailing twelve months is around 2.16%, less than BALI's 8.74% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPUS JPMorgan Diversified Return US Equity ETF	2.16%	2.27%	2.12%	2.26%	2.35%	1.67%	1.94%	2.09%	2.16%	1.25%	0.77%	0.48%
BALI Blackrock Advantage Large Cap Income ETF	7.92%	8.51%	7.13%	2.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

JPUS vs. BALI - Drawdown Comparison

The maximum JPUS drawdown since its inception was -38.69%, which is greater than BALI's maximum drawdown of -16.65%. Use the drawdown chart below to compare losses from any high point for JPUS and BALI.

Drawdown Indicators

	JPUS	BALI	Difference
Max Drawdown Largest peak-to-trough decline	-38.69%	-16.65%	-22.04%
Max Drawdown (1Y) Largest decline over 1 year	-11.63%	-10.86%	-0.77%
Max Drawdown (5Y) Largest decline over 5 years	-19.04%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.69%	—	—
Current Drawdown Current decline from peak	-4.68%	-4.32%	-0.36%
Average Drawdown Average peak-to-trough decline	-3.87%	-1.70%	-2.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	2.12%	+0.33%

Volatility

JPUS vs. BALI - Volatility Comparison

The current volatility for JPMorgan Diversified Return US Equity ETF (JPUS) is 4.12%, while Blackrock Advantage Large Cap Income ETF (BALI) has a volatility of 4.59%. This indicates that JPUS experiences smaller price fluctuations and is considered to be less risky than BALI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPUS	BALI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.12%	4.59%	-0.47%
Volatility (6M) Calculated over the trailing 6-month period	7.76%	7.93%	-0.17%
Volatility (1Y) Calculated over the trailing 1-year period	14.93%	15.60%	-0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.52%	13.14%	+1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.74%	13.14%	+3.60%