JPUS vs. BALI

Last updated Aug 4, 2026

JPUS (JPMorgan Diversified Return US Equity ETF) and BALI (Blackrock Advantage Large Cap Income ETF) are both exchange-traded funds - JPUS is a Large Cap Blend Equities fund tracking the JPMorgan Diversified Factor US Equity Index, while BALI is a Derivative Income fund actively managed by BlackRock. JPUS is passively managed, while BALI is actively managed. Over the past year, JPUS returned 23.92% vs 24.87% for BALI. Their 0.69 correlation means they have sometimes moved together and sometimes differently. JPUS charges 0.18%/yr vs 0.35%/yr for BALI.

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.

Returns By Period

In the year-to-date period, JPUS achieves a 16.20% return, which is significantly higher than BALI's 13.86% return.

JPUS

• 1D: 0.53%
• 1M: 1.30%
• 6M: 11.04%
• YTD: 16.20%
• 1Y: 23.92%
• 3Y*: 15.47%
• 5Y*: 10.18%
• 10Y*: 11.51%
• ALL TIME*: 12.18%

BALI

• 1D: 1.18%
• 1M: 2.62%
• 6M: 10.75%
• YTD: 13.86%
• 1Y: 24.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.73%

*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)
BALI Blackrock Advantage Large Cap Income ETF	$7.66M	$7.34M	$9.08M
JPUS JPMorgan Diversified Return US Equity ETF	$730.62K	$1.08M	$1.02M

JPUS vs. BALI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPUS JPMorgan Diversified Return US Equity ETF	16.20%	11.18%	13.48%	10.41%
BALI Blackrock Advantage Large Cap Income ETF	13.86%	14.51%	22.38%	9.71%

Correlation

The correlation between JPUS and BALI is 0.56, 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.	0.56
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	0.69

The correlation between JPUS and BALI shifts across timeframes, from 0.56 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.

JPUS vs. BALI - Sectors Allocation Comparison

Sectors	JPUS	BALI
Healthcare	12.7%	10.6%
Consumer Defensive	11.1%	6.0%
Real Estate	10.7%	2.2%
Utilities	10.0%	1.6%
Technology	9.5%	36.2%
Financial Services	8.8%	9.7%
Industrials	8.7%	8.1%
Consumer Cyclical	8.4%	10.1%
Energy	7.3%	4.1%
Basic Materials	7.2%	1.4%
Communication Services	4.3%	10.0%

Return for Risk

JPUS vs. BALI — Risk / Return Rank

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

JPUS

JPUS Risk / Return Rank: 89
JPUS Sharpe Ratio Rank: 90
JPUS Sortino Ratio Rank: 91
JPUS Omega Ratio Rank: 88
JPUS Calmar Ratio Rank: 86
JPUS Martin Ratio Rank: 89

BALI

BALI Risk / Return Rank: 91
BALI Sharpe Ratio Rank: 91
BALI Sortino Ratio Rank: 91
BALI Omega Ratio Rank: 91
BALI Calmar Ratio Rank: 89
BALI Martin Ratio Rank: 93

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.

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.

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.

	JPUS	BALI	Difference
Sharpe ratio: Return per unit of total volatility	2.34	2.34	-0.01
Sortino ratio: Return per unit of downside risk	3.39	3.24	+0.15
Omega ratio: Gain probability vs. loss probability	1.41	1.44	-0.02
Calmar ratio: Return relative to maximum drawdown	3.48	3.72	-0.24
Martin ratio: Return relative to average drawdown	14.32	17.37	-3.05

JPUS vs. BALI - Sharpe Ratio Comparison

The current JPUS Sharpe Ratio is 2.34, which is comparable to the BALI Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of JPUS and BALI, 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

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	-6.90%	-6.71%	-0.19%
Max Drawdown (3Y) Largest decline over 3 years	-15.96%	—	—
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	-0.62%	0.00%	-0.62%
Average Drawdown Average peak-to-trough decline	-3.77%	-1.60%	-2.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	1.44%	+0.23%

Volatility

JPUS vs. BALI - Volatility Comparison

The current volatility for JPMorgan Diversified Return US Equity ETF (JPUS) is 2.47%, while Blackrock Advantage Large Cap Income ETF (BALI) has a volatility of 3.13%. 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	2.47%	3.13%	-0.66%
Volatility (6M) Calculated over the trailing 6-month period	7.66%	8.49%	-0.83%
Volatility (1Y) Calculated over the trailing 1-year period	10.30%	10.68%	-0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.45%	12.91%	+1.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.72%	12.91%	+3.81%

JPUS vs. BALI - Expense Ratio Comparison

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

Dividends

JPUS vs. BALI - Dividend Comparison

JPUS's dividend yield for the trailing twelve months is around 1.96%, less than BALI's 7.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BALI Blackrock Advantage Large Cap Income ETF	7.73%	8.51%	7.13%	2.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JPUS JPMorgan Diversified Return US Equity ETF	1.96%	2.27%	2.12%	2.26%	2.35%	1.67%	1.94%	2.09%	2.16%	1.25%	0.77%	0.48%

Frequently Asked Questions

Can I hold both JPUS and BALI in my portfolio?

JPUS and BALI have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPUS or BALI?

BALI has higher volatility (3.13%) compared to JPUS (2.47%). In terms of maximum drawdown, JPUS dropped -38.69% vs BALI's -16.65%.

Which ETF is better, JPUS or BALI?

On 1-year performance, BALI leads with 24.87% vs 23.92% for JPUS. On fees, JPUS is cheaper at 0.18% per year. On volatility, JPUS has been the lower-risk option at 2.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPUS or BALI?

Over the 1-year period, BALI has performed better with a 24.87% return vs 23.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPUS or BALI?

JPUS is cheaper with a 0.18% expense ratio, compared with 0.35% for BALI.

Which ETF pays a higher dividend yield, JPUS or BALI?

BALI has the higher dividend yield at 7.73%, compared with 1.96% for JPUS.

What is the main difference between JPUS and BALI?

JPUS is categorized as Large Cap Blend Equities, while BALI is Derivative Income. They also come from different issuers: JPMorgan and BlackRock. Their fees differ too: 0.18% for JPUS and 0.35% for BALI.

Which has better risk-adjusted returns?

BALI currently has the higher Sharpe Ratio (2.34 vs 2.34), 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.