SHE vs. BBUS

Last updated Aug 2, 2026

SHE (SPDR SSGA Gender Diversity Index ETF) and BBUS (JPMorgan BetaBuilders U.S. Equity ETF) are both exchange-traded funds - SHE is a Large Cap Growth Equities fund tracking the SSGA Gender Diversity (TR), while BBUS is a Large Cap Blend Equities fund tracking the Morningstar US Target Market Exposure Index. Both are passively managed. Over the past 5 years, SHE returned 9.79%/yr vs 12.29%/yr for BBUS. Their correlation of 0.94 means they have usually moved in the same direction. SHE charges 0.20%/yr vs 0.02%/yr for BBUS.

Performance

SHE vs. BBUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSGA Gender Diversity Index ETF (SHE) 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, SHE achieves a 17.65% return, which is significantly higher than BBUS's 9.70% return.

SHE

• 1D: 0.37%
• 1M: 0.64%
• 6M: 14.53%
• YTD: 17.65%
• 1Y: 27.23%
• 3Y*: 20.92%
• 5Y*: 9.79%
• 10Y*: 12.27%
• ALL TIME*: 12.72%

BBUS

• 1D: 0.73%
• 1M: 0.21%
• 6M: 8.38%
• YTD: 9.70%
• 1Y: 20.80%
• 3Y*: 19.31%
• 5Y*: 12.29%
• 10Y*: —
• ALL TIME*: 15.77%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BBUS JPMorgan BetaBuilders U.S. Equity ETF	$26.56M	$23.62M	$29.53M
SHE SPDR SSGA Gender Diversity Index ETF	$460.23K	$379.38K	$467.51K

SHE vs. BBUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SHE SPDR SSGA Gender Diversity Index ETF	17.65%	15.50%	23.35%	22.37%	-21.73%	15.17%	17.93%	11.87%
BBUS JPMorgan BetaBuilders U.S. Equity ETF	9.70%	17.77%	24.89%	27.20%	-19.46%	27.13%	20.69%	16.26%

Correlation

The correlation between SHE and BBUS is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019	0.94

The correlation between SHE and BBUS has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

SHE vs. BBUS - Sectors Allocation Comparison

Sectors	SHE	BBUS
Technology	37.3%	38.7%
Financial Services	11.7%	11.6%
Consumer Cyclical	10.2%	9.4%
Industrials	9.2%	8.6%
Healthcare	9.2%	8.9%
Communication Services	9.1%	9.9%
Consumer Defensive	4.5%	4.4%
Energy	3.0%	3.0%
Utilities	2.2%	2.2%
Real Estate	1.8%	1.7%
Basic Materials	1.8%	1.6%

Return for Risk

SHE vs. BBUS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SHE

SHE Risk / Return Rank: 81
SHE Sharpe Ratio Rank: 82
SHE Sortino Ratio Rank: 82
SHE Omega Ratio Rank: 79
SHE Calmar Ratio Rank: 82
SHE Martin Ratio Rank: 83

BBUS

BBUS Risk / Return Rank: 63
BBUS Sharpe Ratio Rank: 63
BBUS Sortino Ratio Rank: 61
BBUS Omega Ratio Rank: 62
BBUS Calmar Ratio Rank: 58
BBUS Martin Ratio Rank: 70

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SHE vs. BBUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA Gender Diversity Index ETF (SHE) 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.

	SHE	BBUS	Difference
Sharpe ratio: Return per unit of total volatility	1.90	1.47	+0.43
Sortino ratio: Return per unit of downside risk	2.67	2.04	+0.63
Omega ratio: Gain probability vs. loss probability	1.33	1.26	+0.06
Calmar ratio: Return relative to maximum drawdown	3.03	2.05	+0.98
Martin ratio: Return relative to average drawdown	11.21	8.63	+2.57

SHE vs. BBUS - Sharpe Ratio Comparison

The current SHE Sharpe Ratio is 1.90, which is comparable to the BBUS Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of SHE 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

SHE vs. BBUS - Drawdown Comparison

The maximum SHE drawdown since its inception was -35.80%, roughly equal to the maximum BBUS drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for SHE and BBUS.

Drawdown Indicators

	SHE	BBUS	Difference
Max Drawdown Largest peak-to-trough decline	-35.80%	-35.35%	-0.45%
Max Drawdown (1Y) Largest decline over 1 year	-8.54%	-9.21%	+0.67%
Max Drawdown (3Y) Largest decline over 3 years	-17.07%	-19.01%	+1.94%
Max Drawdown (5Y) Largest decline over 5 years	-31.69%	-25.46%	-6.23%
Max Drawdown (10Y) Largest decline over 10 years	-35.80%	—	—
Current Drawdown Current decline from peak	-2.17%	-1.55%	-0.62%
Average Drawdown Average peak-to-trough decline	-6.25%	-5.38%	-0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	2.19%	+0.12%

Volatility

SHE vs. BBUS - Volatility Comparison

SPDR SSGA Gender Diversity Index ETF (SHE) and JPMorgan BetaBuilders U.S. Equity ETF (BBUS) have volatilities of 3.55% and 3.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHE	BBUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	3.54%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	11.07%	10.14%	+0.93%
Volatility (1Y) Calculated over the trailing 1-year period	13.70%	12.89%	+0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.30%	17.15%	+0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.02%	19.50%	-1.48%

SHE vs. BBUS - Expense Ratio Comparison

SHE has a 0.20% expense ratio, which is higher than BBUS's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SHE vs. BBUS - Dividend Comparison

SHE's dividend yield for the trailing twelve months is around 1.08%, more than BBUS's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BBUS JPMorgan BetaBuilders U.S. Equity ETF	1.01%	1.07%	1.21%	1.38%	1.57%	1.11%	1.43%	1.37%	0.00%	0.00%	0.00%
SHE SPDR SSGA Gender Diversity Index ETF	1.08%	1.18%	1.14%	1.37%	1.54%	0.99%	1.24%	1.91%	7.39%	5.37%	6.41%

Frequently Asked Questions

Can I hold both SHE and BBUS in my portfolio?

SHE and BBUS have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHE or BBUS?

SHE has higher volatility (3.55%) compared to BBUS (3.54%). In terms of maximum drawdown, SHE dropped -35.80% vs BBUS's -35.35%.

Which ETF is better, SHE or BBUS?

On 5-year performance, BBUS leads with 12.29% vs 9.79% for SHE. On fees, BBUS is cheaper at 0.02% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHE or BBUS?

Over the 5-year period, BBUS has performed better with a 12.29% return vs 9.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHE or BBUS?

BBUS is cheaper with a 0.02% expense ratio, compared with 0.20% for SHE.

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

SHE has the higher dividend yield at 1.08%, compared with 1.01% for BBUS.

What is the main difference between SHE and BBUS?

SHE is categorized as Large Cap Growth Equities, while BBUS is Large Cap Blend Equities. SHE tracks SSGA Gender Diversity (TR), while BBUS tracks Morningstar US Target Market Exposure Index. They also come from different issuers: State Street and JPMorgan. Their fees differ too: 0.20% for SHE and 0.02% for BBUS.

Which has better risk-adjusted returns?

SHE currently has the higher Sharpe Ratio (1.90 vs 1.47), 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.