VOTE vs. BBUS

Last updated Jun 23, 2026

VOTE (Engine No. 1 Transform 500 ETF) and BBUS (JPMorgan BetaBuilders U.S. Equity ETF) are both Large Cap Blend Equities funds - VOTE tracks the Morningstar US Large Cap Index while BBUS tracks the Morningstar US Target Market Exposure Index. Both are passively managed. Over the past 5 years, VOTE returned 13.26%/yr vs 13.03%/yr for BBUS. With a 0.99 correlation, they move nearly in lockstep. VOTE charges 0.05%/yr vs 0.02%/yr for BBUS.

Performance

VOTE vs. BBUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Engine No. 1 Transform 500 ETF (VOTE) 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, VOTE achieves a 9.91% return, which is significantly higher than BBUS's 9.41% return.

VOTE

• 1D: -0.46%
• 1M: 0.31%
• YTD: 9.91%
• 6M: 9.47%
• 1Y: 26.76%
• 3Y*: 21.75%
• 5Y*: 13.26%
• 10Y*: —

BBUS

• 1D: -0.31%
• 1M: 0.15%
• YTD: 9.41%
• 6M: 8.89%
• 1Y: 26.13%
• 3Y*: 21.38%
• 5Y*: 13.03%
• 10Y*: —

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

VOTE vs. BBUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VOTE Engine No. 1 Transform 500 ETF	9.91%	17.95%	25.23%	27.60%	-19.74%	11.77%
BBUS JPMorgan BetaBuilders U.S. Equity ETF	9.41%	17.77%	24.89%	27.20%	-19.46%	11.83%

Correlation

The correlation between VOTE and BBUS is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jun 23, 2021	0.99

The correlation between VOTE and BBUS has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

VOTE vs. BBUS - Sectors Allocation Comparison

Sectors	VOTE	BBUS
Technology	39.0%	38.1%
Financial Services	10.9%	11.2%
Communication Services	10.7%	10.0%
Consumer Cyclical	9.9%	9.1%
Healthcare	8.3%	8.0%
Industrials	8.1%	7.4%
Consumer Defensive	4.4%	4.4%
Energy	3.2%	3.0%
Utilities	2.0%	2.6%
Basic Materials	1.7%	1.2%
Real Estate	1.7%	1.7%

Return for Risk

VOTE vs. BBUS — Risk / Return Rank

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

VOTE

VOTE Risk / Return Rank: 66
VOTE Sharpe Ratio Rank: 67
VOTE Sortino Ratio Rank: 64
VOTE Omega Ratio Rank: 66
VOTE Calmar Ratio Rank: 61
VOTE Martin Ratio Rank: 72

BBUS

BBUS Risk / Return Rank: 65
BBUS Sharpe Ratio Rank: 67
BBUS Sortino Ratio Rank: 63
BBUS Omega Ratio Rank: 66
BBUS Calmar Ratio Rank: 59
BBUS Martin Ratio Rank: 70

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.

VOTE vs. BBUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Engine No. 1 Transform 500 ETF (VOTE) 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.

	VOTE	BBUS	Difference
Sharpe ratio: Return per unit of total volatility	2.12	2.11	+0.01
Sortino ratio: Return per unit of downside risk	2.87	2.85	+0.02
Omega ratio: Gain probability vs. loss probability	1.38	1.38	0.00
Calmar ratio: Return relative to maximum drawdown	2.95	2.85	+0.10
Martin ratio: Return relative to average drawdown	13.11	12.65	+0.46

VOTE vs. BBUS - Sharpe Ratio Comparison

The current VOTE Sharpe Ratio is 2.12, which is comparable to the BBUS Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of VOTE 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

VOTE vs. BBUS - Drawdown Comparison

The maximum VOTE drawdown since its inception was -25.71%, smaller than the maximum BBUS drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for VOTE and BBUS.

Drawdown Indicators

	VOTE	BBUS	Difference
Max Drawdown Largest peak-to-trough decline	-25.71%	-35.35%	+9.64%
Max Drawdown (1Y) Largest decline over 1 year	-9.10%	-9.21%	+0.11%
Max Drawdown (3Y) Largest decline over 3 years	-19.08%	-19.01%	-0.07%
Max Drawdown (5Y) Largest decline over 5 years	-25.71%	-25.46%	-0.25%
Current Drawdown Current decline from peak	-1.70%	-1.82%	+0.12%
Average Drawdown Average peak-to-trough decline	-6.10%	-5.43%	-0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	2.07%	-0.02%

Volatility

VOTE vs. BBUS - Volatility Comparison

Engine No. 1 Transform 500 ETF (VOTE) and JPMorgan BetaBuilders U.S. Equity ETF (BBUS) have volatilities of 4.71% and 4.70%, 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

	VOTE	BBUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.71%	4.70%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	10.03%	9.81%	+0.22%
Volatility (1Y) Calculated over the trailing 1-year period	12.71%	12.49%	+0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.17%	17.12%	+0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.17%	19.59%	-2.42%

VOTE vs. BBUS - Expense Ratio Comparison

VOTE has a 0.05% 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

VOTE vs. BBUS - Dividend Comparison

VOTE's dividend yield for the trailing twelve months is around 0.91%, less than BBUS's 0.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BBUS JPMorgan BetaBuilders U.S. Equity ETF	0.99%	1.07%	1.21%	1.38%	1.57%	1.11%	1.43%	1.37%
VOTE Engine No. 1 Transform 500 ETF	0.91%	1.03%	1.18%	1.33%	1.54%	0.54%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VOTE and BBUS in my portfolio?

With a correlation of 0.99, VOTE and BBUS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VOTE or BBUS?

VOTE has higher volatility (4.71%) compared to BBUS (4.70%). In terms of maximum drawdown, VOTE dropped -25.71% vs BBUS's -35.35%.

Which ETF is better, VOTE or BBUS?

On 5-year performance, VOTE leads with 13.26% vs 13.03% for BBUS. 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, VOTE or BBUS?

Over the 5-year period, VOTE has performed better with a 13.26% return vs 13.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOTE or BBUS?

BBUS is cheaper with a 0.02% expense ratio, compared with 0.05% for VOTE.

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

BBUS has the higher dividend yield at 0.99%, compared with 0.91% for VOTE.

What is the main difference between VOTE and BBUS?

VOTE tracks Morningstar US Large Cap Index, while BBUS tracks Morningstar US Target Market Exposure Index. They also come from different issuers: Engine No. 1 LLC and JPMorgan. Their fees differ too: 0.05% for VOTE and 0.02% for BBUS.

Which has better risk-adjusted returns?

VOTE currently has the higher Sharpe Ratio (2.12 vs 2.11), 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.