LBO vs. BBLU

Last updated Aug 2, 2026

LBO (WHITEWOLF Publicly Listed Private Equity ETF) and BBLU (Ea Bridgeway Blue Chip ETF) are both exchange-traded funds - LBO is a Financials Equities fund actively managed by Alpha Architect, while BBLU is a Large Cap Growth Equities fund actively managed by Alpha Architect. Both are actively managed. Over the past year, LBO returned -14.55% vs 23.33% for BBLU. Their 0.57 correlation means they have sometimes moved together and sometimes differently. LBO charges 0.70%/yr vs 0.15%/yr for BBLU.

Performance

LBO vs. BBLU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WHITEWOLF Publicly Listed Private Equity ETF (LBO) and Ea Bridgeway Blue Chip ETF (BBLU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LBO achieves a -10.41% return, which is significantly lower than BBLU's 10.22% return.

LBO

• 1D: 0.99%
• 1M: 3.40%
• 6M: -7.82%
• YTD: -10.41%
• 1Y: -14.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.37%

BBLU

• 1D: 0.90%
• 1M: 0.42%
• 6M: 9.58%
• YTD: 10.22%
• 1Y: 23.33%
• 3Y*: 20.32%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.90%

*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)
BBLU Ea Bridgeway Blue Chip ETF	$1.07M	$1.06M	$1.29M
LBO WHITEWOLF Publicly Listed Private Equity ETF	$3.76K	$7.07K	$41.04K

LBO vs. BBLU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LBO WHITEWOLF Publicly Listed Private Equity ETF	-10.41%	-6.41%	30.93%	7.39%
BBLU Ea Bridgeway Blue Chip ETF	10.22%	18.40%	27.47%	3.99%

Correlation

The correlation between LBO and BBLU is 0.50, 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.	0.50
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023	0.57

The correlation between LBO and BBLU has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.

LBO vs. BBLU - Sectors Allocation Comparison

Sectors	LBO	BBLU
Financial Services	96.1%	15.9%
Industrials	3.9%	2.3%
Basic Materials	-	-
Communication Services	-	12.6%
Consumer Cyclical	-	9.5%
Consumer Defensive	-	8.8%
Energy	-	5.2%
Healthcare	-	14.2%
Real Estate	-	-
Technology	-	31.5%
Utilities	-	-

Return for Risk

LBO vs. BBLU — Risk / Return Rank

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

LBO

LBO Risk / Return Rank: 4
LBO Sharpe Ratio Rank: 3
LBO Sortino Ratio Rank: 4
LBO Omega Ratio Rank: 4
LBO Calmar Ratio Rank: 5
LBO Martin Ratio Rank: 4

BBLU

BBLU Risk / Return Rank: 80
BBLU Sharpe Ratio Rank: 81
BBLU Sortino Ratio Rank: 81
BBLU Omega Ratio Rank: 77
BBLU Calmar Ratio Rank: 82
BBLU Martin Ratio Rank: 81

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.

LBO vs. BBLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WHITEWOLF Publicly Listed Private Equity ETF (LBO) and Ea Bridgeway Blue Chip ETF (BBLU). 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.

	LBO	BBLU	Difference
Sharpe ratio: Return per unit of total volatility	-0.72	1.86	-2.58
Sortino ratio: Return per unit of downside risk	-0.90	2.62	-3.52
Omega ratio: Gain probability vs. loss probability	0.89	1.32	-0.43
Calmar ratio: Return relative to maximum drawdown	-0.59	2.97	-3.55
Martin ratio: Return relative to average drawdown	-1.10	10.59	-11.70

LBO vs. BBLU - Sharpe Ratio Comparison

The current LBO Sharpe Ratio is -0.72, which is lower than the BBLU Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of LBO and BBLU, 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

LBO vs. BBLU - Drawdown Comparison

The maximum LBO drawdown since its inception was -31.40%, which is greater than BBLU's maximum drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for LBO and BBLU.

Drawdown Indicators

	LBO	BBLU	Difference
Max Drawdown Largest peak-to-trough decline	-31.40%	-17.20%	-14.20%
Max Drawdown (1Y) Largest decline over 1 year	-27.32%	-7.22%	-20.10%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.20%	—
Current Drawdown Current decline from peak	-21.24%	-0.83%	-20.41%
Average Drawdown Average peak-to-trough decline	-9.21%	-1.98%	-7.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.51%	2.02%	+12.49%

Volatility

LBO vs. BBLU - Volatility Comparison

WHITEWOLF Publicly Listed Private Equity ETF (LBO) has a higher volatility of 5.58% compared to Ea Bridgeway Blue Chip ETF (BBLU) at 3.08%. This indicates that LBO's price experiences larger fluctuations and is considered to be riskier than BBLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LBO	BBLU	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.58%	3.08%	+2.50%
Volatility (6M) Calculated over the trailing 6-month period	18.33%	8.57%	+9.76%
Volatility (1Y) Calculated over the trailing 1-year period	22.30%	11.52%	+10.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.15%	14.43%	+6.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.15%	14.43%	+6.72%

LBO vs. BBLU - Expense Ratio Comparison

LBO has a 0.70% expense ratio, which is higher than BBLU's 0.15% expense ratio.

Dividends

LBO vs. BBLU - Dividend Comparison

LBO's dividend yield for the trailing twelve months is around 6.64%, more than BBLU's 1.14% yield.

Position	TTM	2025	2024	2023	2022
BBLU Ea Bridgeway Blue Chip ETF	1.14%	1.25%	1.39%	1.68%	32.08%
LBO WHITEWOLF Publicly Listed Private Equity ETF	6.64%	7.04%	5.79%	1.20%	0.00%

Frequently Asked Questions

Can I hold both LBO and BBLU in my portfolio?

LBO and BBLU have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LBO or BBLU?

LBO has higher volatility (5.58%) compared to BBLU (3.08%). In terms of maximum drawdown, LBO dropped -31.40% vs BBLU's -17.20%.

Which ETF is better, LBO or BBLU?

On 1-year performance, BBLU leads with 23.33% vs -14.55% for LBO. On fees, BBLU is cheaper at 0.15% per year. On volatility, BBLU has been the lower-risk option at 3.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LBO or BBLU?

Over the 1-year period, BBLU has performed better with a 23.33% return vs -14.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LBO or BBLU?

BBLU is cheaper with a 0.15% expense ratio, compared with 0.70% for LBO.

Which ETF pays a higher dividend yield, LBO or BBLU?

LBO has the higher dividend yield at 6.64%, compared with 1.14% for BBLU.

What is the main difference between LBO and BBLU?

LBO is categorized as Financials Equities, while BBLU is Large Cap Growth Equities. Their fees differ too: 0.70% for LBO and 0.15% for BBLU.

Which has better risk-adjusted returns?

BBLU currently has the higher Sharpe Ratio (1.86 vs -0.72), 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.