SBB vs. BBSC
SBB (ProShares Short SmallCap600) and BBSC (JPMorgan BetaBuilders U.S. Small Cap Equity ETF) are both exchange-traded funds - SBB is a Inverse Equities fund tracking the S&P SmallCap 600 Index (-100%), while BBSC is a Small Cap Blend Equities fund tracking the Morningstar US Small Cap Target Market Exposure Extended Index. Both are passively managed. Over the past 5 years, SBB returned -4.83%/yr vs 6.97%/yr for BBSC. At a correlation of -0.96, they often move in opposite directions. SBB charges 0.95%/yr vs 0.09%/yr for BBSC.
Performance
SBB vs. BBSC - Performance Comparison
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Returns By Period
In the year-to-date period, SBB achieves a -13.39% return, which is significantly lower than BBSC's 17.51% return.
SBB
- 1D
- -1.22%
- 1M
- -1.20%
- YTD
- -13.39%
- 6M
- -12.19%
- 1Y
- -22.27%
- 3Y*
- -10.56%
- 5Y*
- -4.83%
- 10Y*
- -11.72%
BBSC
- 1D
- 1.52%
- 1M
- 2.61%
- YTD
- 17.51%
- 6M
- 15.05%
- 1Y
- 38.14%
- 3Y*
- 18.46%
- 5Y*
- 6.97%
- 10Y*
- —
SBB vs. BBSC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SBB ProShares Short SmallCap600 | -13.39% | -3.56% | -3.73% | -10.44% | 13.75% | -25.40% | -8.95% |
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF | 17.51% | 10.38% | 12.31% | 20.07% | -19.75% | 15.44% | 11.94% |
Correlation
The correlation between SBB and BBSC is -0.95, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.97 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2020 | -0.96 |
The correlation between SBB and BBSC has been stable across timeframes, ranging from -0.97 to -0.95 - a consistent structural relationship.
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Return for Risk
SBB vs. BBSC — Risk / Return Rank
SBB
BBSC
SBB vs. BBSC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short SmallCap600 (SBB) and JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC). 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.
| SBB | BBSC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.26 | ||
| Sortino ratioReturn per unit of downside risk | -4.56 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.33 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 4.02 | -5.00 |
| Martin ratioReturn relative to average drawdown | -1.69 | 13.10 | -14.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SBB | BBSC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.25 | 2.01 | -3.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.31 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.51 | 0.50 | -1.00 |
Drawdowns
SBB vs. BBSC - Drawdown Comparison
The maximum SBB drawdown since its inception was -95.75%, which is greater than BBSC's maximum drawdown of -30.96%. Use the drawdown chart below to compare losses from any high point for SBB and BBSC.
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Drawdown Indicators
| SBB | BBSC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.75% | -30.96% | -64.79% |
Max Drawdown (1Y)Largest decline over 1 year | -22.68% | -9.54% | -13.14% |
Max Drawdown (3Y)Largest decline over 3 years | -35.17% | -29.32% | -5.85% |
Max Drawdown (5Y)Largest decline over 5 years | -35.17% | -30.96% | -4.21% |
Max Drawdown (10Y)Largest decline over 10 years | -72.83% | — | — |
Current DrawdownCurrent decline from peak | -95.75% | 0.00% | -95.75% |
Average DrawdownAverage peak-to-trough decline | -74.54% | -11.48% | -63.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.19% | 2.92% | +10.27% |
Volatility
SBB vs. BBSC - Volatility Comparison
The current volatility for ProShares Short SmallCap600 (SBB) is 4.55%, while JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC) has a volatility of 4.88%. This indicates that SBB experiences smaller price fluctuations and is considered to be less risky than BBSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBB | BBSC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 4.88% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 12.02% | 13.05% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.82% | 19.11% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.68% | 22.94% | -1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.26% | 22.86% | +0.40% |
SBB vs. BBSC - Expense Ratio Comparison
SBB has a 0.95% expense ratio, which is higher than BBSC's 0.09% expense ratio.
Dividends
SBB vs. BBSC - Dividend Comparison
SBB's dividend yield for the trailing twelve months is around 3.63%, more than BBSC's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF | 1.02% | 1.13% | 1.29% | 1.58% | 1.37% | 1.06% | 0.18% | 0.00% | 0.00% |
SBB ProShares Short SmallCap600 | 3.63% | 3.44% | 4.86% | 4.64% | 0.31% | 0.00% | 0.04% | 1.20% | 0.17% |
Frequently Asked Questions
SBB and BBSC have a correlation of -0.95, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBSC has higher volatility (4.88%) compared to SBB (4.55%). In terms of maximum drawdown, SBB dropped -95.75% vs BBSC's -30.96%.
On 5-year performance, BBSC leads with 6.97% vs -4.83% for SBB. On fees, BBSC is cheaper at 0.09% per year. On volatility, SBB has been the lower-risk option at 4.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BBSC has performed better with a 6.97% return vs -4.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBSC is cheaper with a 0.09% expense ratio, compared with 0.95% for SBB.
SBB has the higher dividend yield at 3.63%, compared with 1.02% for BBSC.
SBB is categorized as Inverse Equities, while BBSC is Small Cap Blend Equities. SBB tracks S&P SmallCap 600 Index (-100%), while BBSC tracks Morningstar US Small Cap Target Market Exposure Extended Index. They also come from different issuers: ProShares and JPMorgan. Their fees differ too: 0.95% for SBB and 0.09% for BBSC.
BBSC currently has the higher Sharpe Ratio (2.01 vs -1.25), 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.
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