NITE vs. BBUS

Last updated Jun 4, 2026

NITE (The Nightview Fund) and BBUS (JP Morgan Betabuilders U.S. Equity ETF) are both Large Cap Growth Equities funds. NITE is actively managed, while BBUS is passively managed. Over the past year, NITE returned 31.62% vs 27.47% for BBUS. Their correlation of 0.82 suggests significant overlap in exposure. NITE charges 1.25%/yr vs 0.02%/yr for BBUS.

Performance

NITE vs. BBUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Nightview Fund (NITE) and JP Morgan 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, NITE achieves a 7.26% return, which is significantly lower than BBUS's 10.60% return.

NITE

• 1D: -2.04%
• 1M: 7.69%
• YTD: 7.26%
• 6M: 7.89%
• 1Y: 31.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBUS

• 1D: -0.74%
• 1M: 5.12%
• YTD: 10.60%
• 6M: 10.47%
• 1Y: 27.47%
• 3Y*: 22.46%
• 5Y*: 13.43%
• 10Y*: —

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

NITE vs. BBUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NITE The Nightview Fund	7.26%	22.57%	20.07%
BBUS JP Morgan Betabuilders U.S. Equity ETF	10.60%	17.77%	9.00%

Correlation

The correlation between NITE and BBUS is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jun 25, 2024	0.82

The correlation between NITE and BBUS has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.

NITE vs. BBUS - Sectors Allocation Comparison

Sectors	NITE	BBUS
Technology	34.7%	37.1%
Consumer Cyclical	25.1%	9.4%
Financial Services	15.0%	10.8%
Communication Services	11.6%	10.8%
Industrials	5.4%	7.2%
Utilities	4.4%	2.6%
Healthcare	3.8%	8.1%
Basic Materials	-	1.2%
Consumer Defensive	-	4.5%
Energy	-	3.2%
Real Estate	-	1.7%

Return for Risk

NITE vs. BBUS — Risk / Return Rank

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

NITE

NITE Risk / Return Rank: 44
NITE Sharpe Ratio Rank: 46
NITE Sortino Ratio Rank: 44
NITE Omega Ratio Rank: 43
NITE Calmar Ratio Rank: 43
NITE Martin Ratio Rank: 43

BBUS

BBUS Risk / Return Rank: 68
BBUS Sharpe Ratio Rank: 70
BBUS Sortino Ratio Rank: 68
BBUS Omega Ratio Rank: 68
BBUS Calmar Ratio Rank: 60
BBUS Martin Ratio Rank: 72

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.

NITE vs. BBUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Nightview Fund (NITE) and JP Morgan 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.

	NITE	BBUS	Difference
Sharpe ratio Return per unit of total volatility	1.57	2.33	-0.76
Sortino ratio Return per unit of downside risk	2.15	3.18	-1.02
Omega ratio Gain probability vs. loss probability	1.27	1.42	-0.15
Calmar ratio Return relative to maximum drawdown	2.10	3.00	-0.90
Martin ratio Return relative to average drawdown	6.84	13.76	-6.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NITE vs. BBUS - Sharpe Ratio Comparison

The current NITE Sharpe Ratio is 1.57, which is lower than the BBUS Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of NITE 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.

Sharpe Ratios by Period

	NITE	BBUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	2.33	-0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	0.84	+0.16

Drawdowns

NITE vs. BBUS - Drawdown Comparison

The maximum NITE drawdown since its inception was -29.57%, smaller than the maximum BBUS drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for NITE and BBUS.

Drawdown Indicators

	NITE	BBUS	Difference
Max Drawdown Largest peak-to-trough decline	-29.57%	-35.35%	+5.78%
Max Drawdown (1Y) Largest decline over 1 year	-15.16%	-9.21%	-5.95%
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	-3.20%	-0.74%	-2.46%
Average Drawdown Average peak-to-trough decline	-5.34%	-5.46%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.64%	2.00%	+2.64%

Volatility

NITE vs. BBUS - Volatility Comparison

The Nightview Fund (NITE) has a higher volatility of 6.11% compared to JP Morgan Betabuilders U.S. Equity ETF (BBUS) at 2.88%. This indicates that NITE's price experiences larger fluctuations and is considered to be riskier than BBUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NITE	BBUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.11%	2.88%	+3.23%
Volatility (6M) Calculated over the trailing 6-month period	15.01%	8.96%	+6.05%
Volatility (1Y) Calculated over the trailing 1-year period	20.28%	11.87%	+8.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.73%	17.03%	+9.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.73%	19.59%	+7.14%

NITE vs. BBUS - Expense Ratio Comparison

NITE has a 1.25% expense ratio, which is higher than BBUS's 0.02% expense ratio.

Dividends

NITE vs. BBUS - Dividend Comparison

NITE has not paid dividends to shareholders, while BBUS's dividend yield for the trailing twelve months is around 0.98%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BBUS JP Morgan Betabuilders U.S. Equity ETF	0.98%	1.07%	1.21%	1.38%	1.57%	1.11%	1.43%	1.37%
NITE The Nightview Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NITE and BBUS in my portfolio?

NITE and BBUS have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NITE or BBUS?

NITE has higher volatility (6.11%) compared to BBUS (2.88%). In terms of maximum drawdown, NITE dropped -29.57% vs BBUS's -35.35%.

Which ETF is better, NITE or BBUS?

On 1-year performance, NITE leads with 31.62% vs 27.47% for BBUS. On fees, BBUS is cheaper at 0.02% per year. On volatility, BBUS has been the lower-risk option at 2.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NITE or BBUS?

Over the 1-year period, NITE has performed better with a 31.62% return vs 27.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NITE or BBUS?

BBUS is cheaper with a 0.02% expense ratio, compared with 1.25% for NITE.

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

BBUS has the higher dividend yield at 0.98%, compared with 0.00% for NITE.

What is the main difference between NITE and BBUS?

They also come from different issuers: Nightview and JPMorgan. Their fees differ too: 1.25% for NITE and 0.02% for BBUS.

Which has better risk-adjusted returns?

BBUS currently has the higher Sharpe Ratio (2.33 vs 1.57), 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.