JQUA vs. BBUS

Last updated Jun 6, 2026

JQUA (JPMorgan U.S. Quality Factor ETF) and BBUS (JP Morgan Betabuilders U.S. Equity ETF) are both Large Cap Growth Equities funds from JPMorgan - JQUA tracks the JP Morgan US Quality Factor Index while BBUS tracks the Morningstar US Target Market Exposure Index. Both are passively managed. Over the past 5 years, JQUA returned 13.27%/yr vs 12.93%/yr for BBUS. With a 0.96 correlation, they move nearly in lockstep. JQUA charges 0.12%/yr vs 0.02%/yr for BBUS.

Performance

JQUA vs. BBUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Quality Factor ETF (JQUA) and JP Morgan 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, JQUA achieves a 10.93% return, which is significantly higher than BBUS's 8.20% return.

JQUA

• 1D: -2.82%
• 1M: 3.22%
• YTD: 10.93%
• 6M: 10.62%
• 1Y: 19.51%
• 3Y*: 19.44%
• 5Y*: 13.27%
• 10Y*: —

BBUS

• 1D: -2.63%
• 1M: 0.61%
• YTD: 8.20%
• 6M: 7.84%
• 1Y: 25.30%
• 3Y*: 21.55%
• 5Y*: 12.93%
• 10Y*: —

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

JQUA vs. BBUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JQUA JPMorgan U.S. Quality Factor ETF	10.93%	11.69%	21.21%	25.13%	-13.45%	28.68%	16.56%	14.08%
BBUS JP Morgan Betabuilders U.S. Equity ETF	8.20%	17.77%	24.89%	27.20%	-19.46%	27.13%	20.69%	16.53%

Correlation

The correlation between JQUA and BBUS is 0.89, 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	0.89
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 Mar 14, 2019	0.96

The correlation between JQUA and BBUS has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.

JQUA vs. BBUS - Sectors Allocation Comparison

Sectors	JQUA	BBUS
Technology	41.9%	37.1%
Financial Services	10.2%	10.8%
Consumer Cyclical	9.2%	9.4%
Industrials	7.6%	7.2%
Healthcare	7.2%	8.1%
Communication Services	5.5%	10.8%
Consumer Defensive	5.3%	4.5%
Energy	3.2%	3.2%
Utilities	2.3%	2.6%
Real Estate	2.1%	1.7%
Basic Materials	0.8%	1.2%

Return for Risk

JQUA vs. BBUS — Risk / Return Rank

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

JQUA

JQUA Risk / Return Rank: 54
JQUA Sharpe Ratio Rank: 51
JQUA Sortino Ratio Rank: 50
JQUA Omega Ratio Rank: 48
JQUA Calmar Ratio Rank: 57
JQUA Martin Ratio Rank: 65

BBUS

BBUS Risk / Return Rank: 64
BBUS Sharpe Ratio Rank: 65
BBUS Sortino Ratio Rank: 62
BBUS Omega Ratio Rank: 65
BBUS Calmar Ratio Rank: 57
BBUS Martin Ratio Rank: 70

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.

JQUA vs. BBUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Quality Factor ETF (JQUA) and JP Morgan 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.

	JQUA	BBUS	Difference
Sharpe ratio: Return per unit of total volatility	1.69	2.09	-0.40
Sortino ratio: Return per unit of downside risk	2.38	2.82	-0.43
Omega ratio: Gain probability vs. loss probability	1.29	1.38	-0.08
Calmar ratio: Return relative to maximum drawdown	2.75	2.76	-0.01
Martin ratio: Return relative to average drawdown	11.52	12.62	-1.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JQUA vs. BBUS - Sharpe Ratio Comparison

The current JQUA Sharpe Ratio is 1.69, which is comparable to the BBUS Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of JQUA 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.

Sharpe Ratios by Period

	JQUA	BBUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	2.09	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.76	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.82	-0.01

Drawdowns

JQUA vs. BBUS - Drawdown Comparison

The maximum JQUA drawdown since its inception was -32.92%, smaller than the maximum BBUS drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for JQUA and BBUS.

Drawdown Indicators

	JQUA	BBUS	Difference
Max Drawdown Largest peak-to-trough decline	-32.92%	-35.35%	+2.43%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	-9.21%	+2.08%
Max Drawdown (3Y) Largest decline over 3 years	-16.81%	-19.01%	+2.20%
Max Drawdown (5Y) Largest decline over 5 years	-22.47%	-25.46%	+2.99%
Current Drawdown Current decline from peak	-3.09%	-2.90%	-0.19%
Average Drawdown Average peak-to-trough decline	-4.16%	-5.45%	+1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.70%	2.01%	-0.31%

Volatility

JQUA vs. BBUS - Volatility Comparison

JPMorgan U.S. Quality Factor ETF (JQUA) has a higher volatility of 4.19% compared to JP Morgan Betabuilders U.S. Equity ETF (BBUS) at 3.80%. This indicates that JQUA'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

	JQUA	BBUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	3.80%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	8.82%	9.37%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	11.57%	12.18%	-0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.66%	17.06%	-1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.01%	19.61%	-1.60%

JQUA vs. BBUS - Expense Ratio Comparison

JQUA has a 0.12% expense ratio, which is higher than BBUS's 0.02% 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

JQUA vs. BBUS - Dividend Comparison

JQUA's dividend yield for the trailing twelve months is around 1.10%, more than BBUS's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBUS JP Morgan Betabuilders U.S. Equity ETF	1.00%	1.07%	1.21%	1.38%	1.57%	1.11%	1.43%	1.37%	0.00%	0.00%
JQUA JPMorgan U.S. Quality Factor ETF	1.10%	1.19%	1.24%	1.21%	1.60%	1.32%	1.44%	1.67%	2.10%	0.40%

Frequently Asked Questions

Can I hold both JQUA and BBUS in my portfolio?

JQUA and BBUS have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JQUA or BBUS?

JQUA has higher volatility (4.19%) compared to BBUS (3.80%). In terms of maximum drawdown, JQUA dropped -32.92% vs BBUS's -35.35%.

Which ETF is better, JQUA or BBUS?

On 5-year performance, JQUA leads with 13.27% vs 12.93% for BBUS. On fees, BBUS is cheaper at 0.02% per year. On volatility, BBUS has been the lower-risk option at 3.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JQUA or BBUS?

Over the 5-year period, JQUA has performed better with a 13.27% return vs 12.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JQUA or BBUS?

BBUS is cheaper with a 0.02% expense ratio, compared with 0.12% for JQUA.

Which ETF pays a higher dividend yield, JQUA or BBUS?

JQUA has the higher dividend yield at 1.10%, compared with 1.00% for BBUS.

What is the main difference between JQUA and BBUS?

JQUA tracks JP Morgan US Quality Factor Index, while BBUS tracks Morningstar US Target Market Exposure Index. Their fees differ too: 0.12% for JQUA and 0.02% for BBUS.

Which has better risk-adjusted returns?

BBUS currently has the higher Sharpe Ratio (2.09 vs 1.69), 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.