VOE vs. BBMC

Last updated Jun 4, 2026

VOE (Vanguard Mid-Cap Value ETF) and BBMC (JPMorgan BetaBuilders U.S. Mid Cap Equity ETF) are both exchange-traded funds - VOE is a Mid Cap Value Equities fund tracking the CRSP US Mid Cap Value Index, while BBMC is a Small Cap Growth Equities fund tracking the Morningstar US Mid Cap Target Market Exposure Extended Index. Both are passively managed. Over the past 5 years, VOE returned 8.45%/yr vs 8.32%/yr for BBMC. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.07% expense ratio.

Performance

VOE vs. BBMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Mid-Cap Value ETF (VOE) and JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VOE achieves a 10.75% return, which is significantly lower than BBMC's 16.66% return.

VOE

• 1D: -0.16%
• 1M: 1.35%
• YTD: 10.75%
• 6M: 11.62%
• 1Y: 22.73%
• 3Y*: 16.53%
• 5Y*: 8.45%
• 10Y*: 10.55%

BBMC

• 1D: -0.12%
• 1M: 4.96%
• YTD: 16.66%
• 6M: 16.84%
• 1Y: 33.04%
• 3Y*: 19.56%
• 5Y*: 8.32%
• 10Y*: —

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

VOE vs. BBMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VOE Vanguard Mid-Cap Value ETF	10.75%	12.08%	14.00%	9.85%	-7.97%	28.78%	40.84%
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF	16.66%	12.24%	15.15%	18.37%	-19.77%	17.64%	61.98%

Correlation

The correlation between VOE and BBMC is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Apr 16, 2020	0.88

The correlation between VOE and BBMC has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.

VOE vs. BBMC - Sectors Allocation Comparison

Sectors	VOE	BBMC
Financial Services	16.5%	10.6%
Industrials	14.0%	18.6%
Energy	12.8%	3.1%
Utilities	12.1%	2.6%
Technology	10.9%	21.6%
Consumer Defensive	7.9%	3.5%
Healthcare	6.3%	10.0%
Real Estate	6.0%	6.3%
Basic Materials	5.8%	4.9%
Consumer Cyclical	5.7%	11.5%
Communication Services	2.2%	2.4%

Return for Risk

VOE vs. BBMC — Risk / Return Rank

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

VOE

VOE Risk / Return Rank: 61
VOE Sharpe Ratio Rank: 57
VOE Sortino Ratio Rank: 60
VOE Omega Ratio Rank: 55
VOE Calmar Ratio Rank: 65
VOE Martin Ratio Rank: 67

BBMC

BBMC Risk / Return Rank: 63
BBMC Sharpe Ratio Rank: 60
BBMC Sortino Ratio Rank: 60
BBMC Omega Ratio Rank: 56
BBMC Calmar Ratio Rank: 68
BBMC Martin Ratio Rank: 71

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.

VOE vs. BBMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Value ETF (VOE) and JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC). 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.

	VOE	BBMC	Difference
Sharpe ratio: Return per unit of total volatility	1.99	2.04	-0.04
Sortino ratio: Return per unit of downside risk	2.88	2.86	+0.02
Omega ratio: Gain probability vs. loss probability	1.35	1.35	0.00
Calmar ratio: Return relative to maximum drawdown	3.30	3.41	-0.11
Martin ratio: Return relative to average drawdown	12.51	13.41	-0.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VOE vs. BBMC - Sharpe Ratio Comparison

The current VOE Sharpe Ratio is 1.99, which is comparable to the BBMC Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of VOE and BBMC, 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

	VOE	BBMC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	2.04	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.41	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.85	-0.41

Drawdowns

VOE vs. BBMC - Drawdown Comparison

The maximum VOE drawdown since its inception was -61.50%, which is greater than BBMC's maximum drawdown of -30.11%. Use the drawdown chart below to compare losses from any high point for VOE and BBMC.

Drawdown Indicators

	VOE	BBMC	Difference
Max Drawdown Largest peak-to-trough decline	-61.50%	-30.11%	-31.39%
Max Drawdown (1Y) Largest decline over 1 year	-6.93%	-9.75%	+2.82%
Max Drawdown (3Y) Largest decline over 3 years	-18.45%	-24.18%	+5.73%
Max Drawdown (5Y) Largest decline over 5 years	-19.70%	-30.11%	+10.41%
Max Drawdown (10Y) Largest decline over 10 years	-43.18%	—	—
Current Drawdown Current decline from peak	-0.16%	-0.12%	-0.04%
Average Drawdown Average peak-to-trough decline	-8.35%	-8.92%	+0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	2.47%	-0.65%

Volatility

VOE vs. BBMC - Volatility Comparison

The current volatility for Vanguard Mid-Cap Value ETF (VOE) is 2.58%, while JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) has a volatility of 4.72%. This indicates that VOE experiences smaller price fluctuations and is considered to be less risky than BBMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOE	BBMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.58%	4.72%	-2.14%
Volatility (6M) Calculated over the trailing 6-month period	8.13%	12.14%	-4.01%
Volatility (1Y) Calculated over the trailing 1-year period	11.47%	16.32%	-4.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.03%	20.59%	-4.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.83%	21.08%	-2.25%

VOE vs. BBMC - Expense Ratio Comparison

Both VOE and BBMC have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VOE vs. BBMC - Dividend Comparison

VOE's dividend yield for the trailing twelve months is around 1.88%, more than BBMC's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF	1.09%	1.25%	1.31%	1.36%	1.48%	0.87%	0.69%	0.00%	0.00%	0.00%	0.00%	0.00%
VOE Vanguard Mid-Cap Value ETF	1.88%	2.10%	2.11%	2.27%	2.27%	1.78%	2.36%	2.05%	2.75%	1.86%	1.92%	2.05%

Frequently Asked Questions

Can I hold both VOE and BBMC in my portfolio?

VOE and BBMC have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VOE or BBMC?

BBMC has higher volatility (4.72%) compared to VOE (2.58%). In terms of maximum drawdown, VOE dropped -61.50% vs BBMC's -30.11%.

Which ETF is better, VOE or BBMC?

On 5-year performance, VOE leads with 8.45% vs 8.32% for BBMC. Both ETFs have the same 0.07% expense ratio. On volatility, VOE has been the lower-risk option at 2.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOE or BBMC?

Over the 5-year period, VOE has performed better with a 8.45% return vs 8.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOE or BBMC?

VOE and BBMC have the same expense ratio: 0.07% per year.

Which ETF pays a higher dividend yield, VOE or BBMC?

VOE has the higher dividend yield at 1.88%, compared with 1.09% for BBMC.

What is the main difference between VOE and BBMC?

VOE is categorized as Mid Cap Value Equities, while BBMC is Small Cap Growth Equities. VOE tracks CRSP US Mid Cap Value Index, while BBMC tracks Morningstar US Mid Cap Target Market Exposure Extended Index. They also come from different issuers: Vanguard and JPMorgan.

Which has better risk-adjusted returns?

BBMC currently has the higher Sharpe Ratio (2.04 vs 1.99), 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.