MNZL vs. BBUS

Last updated Jul 12, 2026

MNZL (Manzil Russell Halal USA Broad Market ETF) and BBUS (JPMorgan BetaBuilders U.S. Equity ETF) are both Large Cap Blend Equities funds - MNZL tracks the Russell IdealRatings Manzil Halal USA Broad Market Index while BBUS tracks the Morningstar US Target Market Exposure Index. Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. MNZL charges 0.40%/yr vs 0.02%/yr for BBUS.

Performance

MNZL vs. BBUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Manzil Russell Halal USA Broad Market ETF (MNZL) and JPMorgan 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, MNZL achieves a 18.55% return, which is significantly higher than BBUS's 10.93% return.

MNZL

• 1D: -0.06%
• 1M: 2.37%
• 6M: 16.46%
• YTD: 18.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBUS

• 1D: 0.41%
• 1M: 2.12%
• 6M: 9.01%
• YTD: 10.93%
• 1Y: 21.91%
• 3Y*: 21.04%
• 5Y*: 12.69%
• 10Y*: —

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

MNZL vs. BBUS - Yearly Performance Comparison

	2026 (YTD)	2025
MNZL Manzil Russell Halal USA Broad Market ETF	18.55%	3.37%
BBUS JPMorgan BetaBuilders U.S. Equity ETF	10.93%	3.53%

Correlation

The correlation between MNZL and BBUS is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	0.90

Return for Risk

MNZL vs. BBUS — Risk / Return Rank

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

MNZL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BBUS

BBUS Risk / Return Rank: 64
BBUS Sharpe Ratio Rank: 65
BBUS Sortino Ratio Rank: 64
BBUS Omega Ratio Rank: 65
BBUS Calmar Ratio Rank: 58
BBUS Martin Ratio Rank: 69

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.

MNZL vs. BBUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manzil Russell Halal USA Broad Market ETF (MNZL) 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.

	MNZL	BBUS	Difference
Sharpe ratio: Return per unit of total volatility	—	1.72	—
Sortino ratio: Return per unit of downside risk	—	2.37	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.34	—
Martin ratio: Return relative to average drawdown	—	10.10	—

Drawdowns

MNZL vs. BBUS - Drawdown Comparison

The maximum MNZL drawdown since its inception was -9.66%, smaller than the maximum BBUS drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for MNZL and BBUS.

Drawdown Indicators

	MNZL	BBUS	Difference
Max Drawdown Largest peak-to-trough decline	-9.66%	-35.35%	+25.69%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.21%	—
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	-1.17%	-0.45%	-0.72%
Average Drawdown Average peak-to-trough decline	-1.83%	-5.41%	+3.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.13%	—

Volatility

Volatility by Period

	MNZL	BBUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.39%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.00%	12.55%	+4.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.00%	17.14%	-0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.00%	19.54%	-2.54%

MNZL vs. BBUS - Expense Ratio Comparison

MNZL has a 0.40% expense ratio, which is higher than BBUS's 0.02% expense ratio.

Dividends

MNZL vs. BBUS - Dividend Comparison

MNZL's dividend yield for the trailing twelve months is around 0.03%, less than BBUS's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BBUS JPMorgan BetaBuilders U.S. Equity ETF	1.00%	1.07%	1.21%	1.38%	1.57%	1.11%	1.43%	1.37%
MNZL Manzil Russell Halal USA Broad Market ETF	0.03%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MNZL and BBUS in my portfolio?

With a correlation of 0.90, MNZL 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 ETF is better, MNZL or BBUS?

On fees, BBUS is cheaper at 0.02% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MNZL or BBUS?

BBUS is cheaper with a 0.02% expense ratio, compared with 0.40% for MNZL.

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

BBUS has the higher dividend yield at 1.00%, compared with 0.03% for MNZL.

What is the main difference between MNZL and BBUS?

MNZL tracks Russell IdealRatings Manzil Halal USA Broad Market Index, while BBUS tracks Morningstar US Target Market Exposure Index. They also come from different issuers: Manzil and JPMorgan. Their fees differ too: 0.40% for MNZL and 0.02% for BBUS.