LCDS vs. BBUS

Last updated Jun 25, 2026

LCDS (JPMorgan Fundamental Data Science Large Core ETF) and BBUS (JPMorgan BetaBuilders U.S. Equity ETF) are both Large Cap Blend Equities funds from JPMorgan. LCDS is actively managed, while BBUS is passively managed. Over the past year, LCDS returned 21.54% vs 21.54% for BBUS. With a 0.98 correlation, they move nearly in lockstep. LCDS charges 0.30%/yr vs 0.02%/yr for BBUS.

Performance

LCDS vs. BBUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Fundamental Data Science Large Core ETF (LCDS) and JPMorgan BetaBuilders U.S. Equity ETF (BBUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with LCDS having a 7.38% return and BBUS slightly higher at 7.68%.

LCDS

• 1D: -0.46%
• 1M: -1.18%
• YTD: 7.38%
• 6M: 6.09%
• 1Y: 21.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBUS

• 1D: -0.15%
• 1M: -1.43%
• YTD: 7.68%
• 6M: 6.38%
• 1Y: 21.54%
• 3Y*: 20.74%
• 5Y*: 12.46%
• 10Y*: —

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

LCDS vs. BBUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LCDS JPMorgan Fundamental Data Science Large Core ETF	7.38%	17.66%	10.32%
BBUS JPMorgan BetaBuilders U.S. Equity ETF	7.68%	17.77%	14.06%

Correlation

The correlation between LCDS and BBUS is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (All Time) Calculated using the full available price history since Aug 8, 2024	0.98

The correlation between LCDS and BBUS has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

Return for Risk

LCDS vs. BBUS — Risk / Return Rank

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

LCDS

LCDS Risk / Return Rank: 61
LCDS Sharpe Ratio Rank: 62
LCDS Sortino Ratio Rank: 59
LCDS Omega Ratio Rank: 60
LCDS Calmar Ratio Rank: 56
LCDS Martin Ratio Rank: 66

BBUS

BBUS Risk / Return Rank: 57
BBUS Sharpe Ratio Rank: 58
BBUS Sortino Ratio Rank: 55
BBUS Omega Ratio Rank: 56
BBUS Calmar Ratio Rank: 53
BBUS Martin Ratio Rank: 64

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.

LCDS vs. BBUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Fundamental Data Science Large Core ETF (LCDS) 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.

	LCDS	BBUS	Difference
Sharpe ratio: Return per unit of total volatility	1.78	1.73	+0.04
Sortino ratio: Return per unit of downside risk	2.43	2.37	+0.06
Omega ratio: Gain probability vs. loss probability	1.32	1.31	0.00
Calmar ratio: Return relative to maximum drawdown	2.40	2.35	+0.04
Martin ratio: Return relative to average drawdown	10.42	10.33	+0.09

LCDS vs. BBUS - Sharpe Ratio Comparison

The current LCDS Sharpe Ratio is 1.78, which is comparable to the BBUS Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of LCDS 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.

Drawdowns

LCDS vs. BBUS - Drawdown Comparison

The maximum LCDS drawdown since its inception was -18.39%, smaller than the maximum BBUS drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for LCDS and BBUS.

Drawdown Indicators

	LCDS	BBUS	Difference
Max Drawdown Largest peak-to-trough decline	-18.39%	-35.35%	+16.96%
Max Drawdown (1Y) Largest decline over 1 year	-9.03%	-9.21%	+0.18%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.46%	—
Current Drawdown Current decline from peak	-3.27%	-3.37%	+0.10%
Average Drawdown Average peak-to-trough decline	-2.18%	-5.43%	+3.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	2.09%	-0.02%

Volatility

LCDS vs. BBUS - Volatility Comparison

The current volatility for JPMorgan Fundamental Data Science Large Core ETF (LCDS) is 4.46%, while JPMorgan BetaBuilders U.S. Equity ETF (BBUS) has a volatility of 4.89%. This indicates that LCDS experiences smaller price fluctuations and is considered to be less risky than BBUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCDS	BBUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	4.89%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	9.62%	9.87%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	12.22%	12.53%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.28%	17.13%	-0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.28%	19.59%	-3.31%

LCDS vs. BBUS - Expense Ratio Comparison

LCDS has a 0.30% expense ratio, which is higher than BBUS's 0.02% expense ratio.

Dividends

LCDS vs. BBUS - Dividend Comparison

LCDS's dividend yield for the trailing twelve months is around 0.89%, less than BBUS's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BBUS JPMorgan BetaBuilders U.S. Equity ETF	1.03%	1.07%	1.21%	1.38%	1.57%	1.11%	1.43%	1.37%
LCDS JPMorgan Fundamental Data Science Large Core ETF	0.89%	0.92%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LCDS and BBUS in my portfolio?

With a correlation of 0.98, LCDS 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.

Which is riskier, LCDS or BBUS?

BBUS has higher volatility (4.89%) compared to LCDS (4.46%). In terms of maximum drawdown, LCDS dropped -18.39% vs BBUS's -35.35%.

Which ETF is better, LCDS or BBUS?

On 1-year performance, BBUS leads with 21.54% vs 21.54% for LCDS. On fees, BBUS is cheaper at 0.02% per year. On volatility, LCDS has been the lower-risk option at 4.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LCDS or BBUS?

Over the 1-year period, BBUS has performed better with a 21.54% return vs 21.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LCDS or BBUS?

BBUS is cheaper with a 0.02% expense ratio, compared with 0.30% for LCDS.

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

BBUS has the higher dividend yield at 1.03%, compared with 0.89% for LCDS.

What is the main difference between LCDS and BBUS?

Their fees differ too: 0.30% for LCDS and 0.02% for BBUS.

Which has better risk-adjusted returns?

LCDS currently has the higher Sharpe Ratio (1.77 vs 1.73), 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.