VGK vs. BBUS

Last updated Jun 9, 2026

VGK (Vanguard FTSE Europe ETF) and BBUS (JP Morgan Betabuilders U.S. Equity ETF) are both exchange-traded funds - VGK is a Europe Equities fund tracking the FTSE Developed Europe All Cap Index, while BBUS is a Large Cap Growth Equities fund tracking the Morningstar US Target Market Exposure Index. Both are passively managed. Over the past 5 years, VGK returned 8.08%/yr vs 13.01%/yr for BBUS. A 0.76 correlation means they provide meaningful diversification when combined. VGK charges 0.06%/yr vs 0.02%/yr for BBUS.

Performance

VGK vs. BBUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE Europe ETF (VGK) 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, VGK achieves a 5.17% return, which is significantly lower than BBUS's 8.45% return.

VGK

• 1D: 0.45%
• 1M: -0.68%
• YTD: 5.17%
• 6M: 8.47%
• 1Y: 16.29%
• 3Y*: 16.24%
• 5Y*: 8.08%
• 10Y*: 9.63%

BBUS

• 1D: 0.23%
• 1M: 0.44%
• YTD: 8.45%
• 6M: 8.40%
• 1Y: 24.33%
• 3Y*: 21.53%
• 5Y*: 13.01%
• 10Y*: —

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

VGK vs. BBUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VGK Vanguard FTSE Europe ETF	5.17%	35.83%	1.88%	20.19%	-15.98%	16.89%	5.43%	12.70%
BBUS JP Morgan Betabuilders U.S. Equity ETF	8.45%	17.77%	24.89%	27.20%	-19.46%	27.13%	20.69%	16.53%

Correlation

The correlation between VGK and BBUS is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Mar 14, 2019	0.76

The correlation between VGK and BBUS has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.

VGK vs. BBUS - Sectors Allocation Comparison

Sectors	VGK	BBUS
Financial Services	23.6%	10.5%
Industrials	19.3%	6.9%
Healthcare	11.9%	7.9%
Consumer Defensive	8.4%	4.0%
Technology	8.2%	39.7%
Consumer Cyclical	6.8%	9.7%
Basic Materials	5.3%	0.9%
Energy	5.3%	3.0%
Utilities	4.7%	1.9%
Communication Services	3.3%	11.3%
Real Estate	1.5%	1.1%

Return for Risk

VGK vs. BBUS — Risk / Return Rank

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

VGK

VGK Risk / Return Rank: 32
VGK Sharpe Ratio Rank: 32
VGK Sortino Ratio Rank: 32
VGK Omega Ratio Rank: 31
VGK Calmar Ratio Rank: 30
VGK Martin Ratio Rank: 36

BBUS

BBUS Risk / Return Rank: 67
BBUS Sharpe Ratio Rank: 68
BBUS Sortino Ratio Rank: 66
BBUS Omega Ratio Rank: 68
BBUS Calmar Ratio Rank: 59
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.

VGK vs. BBUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Europe ETF (VGK) 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.

	VGK	BBUS	Difference
Sharpe ratio: Return per unit of total volatility	1.05	2.02	-0.96
Sortino ratio: Return per unit of downside risk	1.55	2.72	-1.17
Omega ratio: Gain probability vs. loss probability	1.19	1.37	-0.18
Calmar ratio: Return relative to maximum drawdown	1.35	2.65	-1.30
Martin ratio: Return relative to average drawdown	5.01	12.09	-7.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGK vs. BBUS - Sharpe Ratio Comparison

The current VGK Sharpe Ratio is 1.05, which is lower than the BBUS Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of VGK 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

	VGK	BBUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	2.02	-0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.77	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.82	-0.54

Drawdowns

VGK vs. BBUS - Drawdown Comparison

The maximum VGK drawdown since its inception was -63.61%, which is greater than BBUS's maximum drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for VGK and BBUS.

Drawdown Indicators

	VGK	BBUS	Difference
Max Drawdown Largest peak-to-trough decline	-63.61%	-35.35%	-28.26%
Max Drawdown (1Y) Largest decline over 1 year	-12.09%	-9.21%	-2.88%
Max Drawdown (3Y) Largest decline over 3 years	-14.31%	-19.01%	+4.70%
Max Drawdown (5Y) Largest decline over 5 years	-32.74%	-25.46%	-7.28%
Max Drawdown (10Y) Largest decline over 10 years	-37.24%	—	—
Current Drawdown Current decline from peak	-2.83%	-2.68%	-0.15%
Average Drawdown Average peak-to-trough decline	-13.34%	-5.45%	-7.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	2.02%	+1.24%

Volatility

VGK vs. BBUS - Volatility Comparison

Vanguard FTSE Europe ETF (VGK) has a higher volatility of 4.86% compared to JP Morgan Betabuilders U.S. Equity ETF (BBUS) at 3.78%. This indicates that VGK'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

	VGK	BBUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.86%	3.78%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	12.97%	9.37%	+3.60%
Volatility (1Y) Calculated over the trailing 1-year period	15.57%	12.15%	+3.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.92%	17.07%	+0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.97%	19.60%	-0.63%

VGK vs. BBUS - Expense Ratio Comparison

VGK has a 0.06% 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

VGK vs. BBUS - Dividend Comparison

VGK's dividend yield for the trailing twelve months is around 2.83%, more than BBUS's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBUS JP Morgan Betabuilders U.S. Equity ETF	1.00%	1.07%	1.21%	1.38%	1.57%	1.11%	1.43%	1.37%	0.00%	0.00%	0.00%	0.00%
VGK Vanguard FTSE Europe ETF	2.83%	2.86%	3.61%	3.15%	3.25%	3.05%	2.11%	3.27%	3.95%	2.70%	3.52%	3.25%

Frequently Asked Questions

Can I hold both VGK and BBUS in my portfolio?

VGK and BBUS have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VGK or BBUS?

VGK has higher volatility (4.86%) compared to BBUS (3.78%). In terms of maximum drawdown, VGK dropped -63.61% vs BBUS's -35.35%.

Which ETF is better, VGK or BBUS?

On 5-year performance, BBUS leads with 13.01% vs 8.08% for VGK. On fees, BBUS is cheaper at 0.02% per year. On volatility, BBUS has been the lower-risk option at 3.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VGK or BBUS?

Over the 5-year period, BBUS has performed better with a 13.01% return vs 8.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VGK or BBUS?

BBUS is cheaper with a 0.02% expense ratio, compared with 0.06% for VGK.

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

VGK has the higher dividend yield at 2.83%, compared with 1.00% for BBUS.

What is the main difference between VGK and BBUS?

VGK is categorized as Europe Equities, while BBUS is Large Cap Growth Equities. VGK tracks FTSE Developed Europe All Cap Index, while BBUS tracks Morningstar US Target Market Exposure Index. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.06% for VGK and 0.02% for BBUS.

Which has better risk-adjusted returns?

BBUS currently has the higher Sharpe Ratio (2.02 vs 1.05), 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.