KLMN vs. BBUS
KLMN (Invesco MSCI North America Climate ETF) and BBUS (JPMorgan BetaBuilders U.S. Equity ETF) are both Large Cap Blend Equities funds - KLMN tracks the MSCI Global Climate 500 North America Selection Index while BBUS tracks the Morningstar US Target Market Exposure Index. Both are passively managed. Over the past year, KLMN returned 24.03% vs 22.94% for BBUS. Their 0.98 correlation means they have historically moved very closely together. KLMN charges 0.09%/yr vs 0.02%/yr for BBUS.
Performance
KLMN vs. BBUS - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with KLMN having a 13.91% return and BBUS slightly lower at 13.31%.
KLMN
- 1D
- 1.96%
- 1M
- 3.52%
- 6M
- 13.36%
- YTD
- 13.91%
- 1Y
- 24.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.18%
BBUS
- 1D
- 1.81%
- 1M
- 3.51%
- 6M
- 12.33%
- YTD
- 13.31%
- 1Y
- 22.94%
- 3Y*
- 21.51%
- 5Y*
- 12.83%
- 10Y*
- —
- ALL TIME*
- 16.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $30.20M | $25.84M | $30.39M | |
| $56.46M | $43.70M | $23.42M |
KLMN vs. BBUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KLMN Invesco MSCI North America Climate ETF | 13.91% | 18.24% | -3.62% |
BBUS JPMorgan BetaBuilders U.S. Equity ETF | 13.31% | 17.77% | -2.63% |
Correlation
The correlation between KLMN and BBUS is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2024 | 0.98 |
The correlation between KLMN and BBUS has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KLMN vs. BBUS — Risk / Return Rank
KLMN
BBUS
KLMN vs. BBUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI North America Climate ETF (KLMN) and JPMorgan 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.
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.
| KLMN | BBUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.32 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 2.50 | +0.19 |
| Martin ratioReturn relative to average drawdown | 11.37 | 10.53 | +0.83 |
Loading charts...
Drawdowns
KLMN vs. BBUS - Drawdown Comparison
The maximum KLMN drawdown since its inception was -19.16%, smaller than the maximum BBUS drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for KLMN and BBUS.
Loading charts...
Drawdown Indicators
| KLMN | BBUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -35.35% | +16.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.96% | -9.21% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.46% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -5.37% | +2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.18% | -0.06% |
Volatility
KLMN vs. BBUS - Volatility Comparison
Invesco MSCI North America Climate ETF (KLMN) and JPMorgan BetaBuilders U.S. Equity ETF (BBUS) have volatilities of 4.09% and 4.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| KLMN | BBUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 4.13% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 10.36% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.06% | 12.96% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.30% | 17.18% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.30% | 19.51% | -2.21% |
KLMN vs. BBUS - Expense Ratio Comparison
KLMN has a 0.09% 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
KLMN vs. BBUS - Dividend Comparison
KLMN's dividend yield for the trailing twelve months is around 1.16%, more than BBUS's 0.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BBUS JPMorgan BetaBuilders U.S. Equity ETF | 0.98% | 1.07% | 1.21% | 1.38% | 1.57% | 1.11% | 1.43% | 1.37% |
KLMN Invesco MSCI North America Climate ETF | 1.16% | 1.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, KLMN and BBUS 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.
BBUS has higher volatility (4.13%) compared to KLMN (4.09%). In terms of maximum drawdown, KLMN dropped -19.16% vs BBUS's -35.35%.
On 1-year performance, KLMN leads with 24.03% vs 22.94% for BBUS. On fees, BBUS is cheaper at 0.02% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, KLMN has performed better with a 24.03% return vs 22.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBUS is cheaper with a 0.02% expense ratio, compared with 0.09% for KLMN.
KLMN has the higher dividend yield at 1.16%, compared with 0.98% for BBUS.
KLMN tracks MSCI Global Climate 500 North America Selection Index, while BBUS tracks Morningstar US Target Market Exposure Index. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.09% for KLMN and 0.02% for BBUS.
KLMN currently has the higher Sharpe Ratio (1.86 vs 1.79), 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.
Find the right allocation for KLMN and BBUS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer