NBCR vs. BBUS

Last updated Jun 23, 2026

NBCR (Neuberger Core Equity ETF) and BBUS (JPMorgan BetaBuilders U.S. Equity ETF) are both Large Cap Blend Equities funds. NBCR is actively managed, while BBUS is passively managed. Over the past year, NBCR returned 21.22% vs 26.13% for BBUS. With a 0.97 correlation, they move nearly in lockstep. NBCR charges 0.29%/yr vs 0.02%/yr for BBUS.

Performance

NBCR vs. BBUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Core Equity ETF (NBCR) 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, NBCR achieves a 5.84% return, which is significantly lower than BBUS's 9.41% return.

NBCR

• 1D: -0.63%
• 1M: -0.60%
• YTD: 5.84%
• 6M: 5.14%
• 1Y: 21.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBUS

• 1D: -0.31%
• 1M: 0.15%
• YTD: 9.41%
• 6M: 8.89%
• 1Y: 26.13%
• 3Y*: 21.38%
• 5Y*: 13.03%
• 10Y*: —

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

NBCR vs. BBUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NBCR Neuberger Core Equity ETF	5.84%	18.69%	6.11%
BBUS JPMorgan BetaBuilders U.S. Equity ETF	9.41%	17.77%	7.37%

Correlation

The correlation between NBCR and BBUS is 0.97 - 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	0.97
Correlation (All Time) Calculated using the full available price history since Aug 1, 2024	0.97

The correlation between NBCR and BBUS has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

Return for Risk

NBCR vs. BBUS — Risk / Return Rank

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

NBCR

NBCR Risk / Return Rank: 51
NBCR Sharpe Ratio Rank: 54
NBCR Sortino Ratio Rank: 53
NBCR Omega Ratio Rank: 53
NBCR Calmar Ratio Rank: 42
NBCR Martin Ratio Rank: 52

BBUS

BBUS Risk / Return Rank: 65
BBUS Sharpe Ratio Rank: 67
BBUS Sortino Ratio Rank: 63
BBUS Omega Ratio Rank: 66
BBUS Calmar Ratio Rank: 59
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.

NBCR vs. BBUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Core Equity ETF (NBCR) 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.

	NBCR	BBUS	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.11	-0.32
Sortino ratio: Return per unit of downside risk	2.50	2.85	-0.34
Omega ratio: Gain probability vs. loss probability	1.33	1.38	-0.06
Calmar ratio: Return relative to maximum drawdown	2.06	2.85	-0.79
Martin ratio: Return relative to average drawdown	8.70	12.65	-3.96

NBCR vs. BBUS - Sharpe Ratio Comparison

The current NBCR Sharpe Ratio is 1.79, which is comparable to the BBUS Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of NBCR 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

NBCR vs. BBUS - Drawdown Comparison

The maximum NBCR drawdown since its inception was -18.23%, smaller than the maximum BBUS drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for NBCR and BBUS.

Drawdown Indicators

	NBCR	BBUS	Difference
Max Drawdown Largest peak-to-trough decline	-18.23%	-35.35%	+17.12%
Max Drawdown (1Y) Largest decline over 1 year	-10.35%	-9.21%	-1.14%
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	-1.68%	-1.82%	+0.14%
Average Drawdown Average peak-to-trough decline	-2.22%	-5.43%	+3.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	2.07%	+0.38%

Volatility

NBCR vs. BBUS - Volatility Comparison

The current volatility for Neuberger Core Equity ETF (NBCR) is 4.10%, while JPMorgan BetaBuilders U.S. Equity ETF (BBUS) has a volatility of 4.70%. This indicates that NBCR 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

	NBCR	BBUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	4.70%	-0.60%
Volatility (6M) Calculated over the trailing 6-month period	9.45%	9.81%	-0.36%
Volatility (1Y) Calculated over the trailing 1-year period	11.93%	12.49%	-0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.69%	17.12%	-0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.69%	19.59%	-2.90%

NBCR vs. BBUS - Expense Ratio Comparison

NBCR has a 0.29% expense ratio, which is higher than BBUS's 0.02% expense ratio.

Dividends

NBCR vs. BBUS - Dividend Comparison

NBCR's dividend yield for the trailing twelve months is around 0.43%, less than BBUS's 0.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BBUS JPMorgan BetaBuilders U.S. Equity ETF	0.99%	1.07%	1.21%	1.38%	1.57%	1.11%	1.43%	1.37%
NBCR Neuberger Core Equity ETF	0.43%	0.45%	0.47%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NBCR and BBUS in my portfolio?

With a correlation of 0.97, NBCR 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, NBCR or BBUS?

BBUS has higher volatility (4.70%) compared to NBCR (4.10%). In terms of maximum drawdown, NBCR dropped -18.23% vs BBUS's -35.35%.

Which ETF is better, NBCR or BBUS?

On 1-year performance, BBUS leads with 26.13% vs 21.22% for NBCR. On fees, BBUS is cheaper at 0.02% per year. On volatility, NBCR has been the lower-risk option at 4.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NBCR or BBUS?

Over the 1-year period, BBUS has performed better with a 26.13% return vs 21.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NBCR or BBUS?

BBUS is cheaper with a 0.02% expense ratio, compared with 0.29% for NBCR.

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

BBUS has the higher dividend yield at 0.99%, compared with 0.43% for NBCR.

What is the main difference between NBCR and BBUS?

They also come from different issuers: Neuberger and JPMorgan. Their fees differ too: 0.29% for NBCR and 0.02% for BBUS.

Which has better risk-adjusted returns?

BBUS currently has the higher Sharpe Ratio (2.11 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.