BBUS vs SPY
JPMorgan Betabuilders US Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
BBUS has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BBUS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.02% | 0.09% | |
| AUM | $9.3B | $821.1B | |
| Dividend Yield | 1.01% | 1.01% | |
| Holdings | 498 | 505 | |
| YTD Return | +12.52% | +13.17% | |
| 1Y Return | +20.78% | +21.53% | |
| 3Y Return (annualized) | +22.07% | +22.06% | |
| 5Y Return (annualized) | +12.87% | +13.35% | |
| Volatility (annualized) | 16.9% | 15.3% | |
| Max Drawdown | -35.4% | -56.5% | |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 12, 2019 | Jan 22, 1993 |
BBUS vs SPY Performance
JPMorgan Betabuilders US Equity ETF (BBUS) is a ETF from J.P. Morgan Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BBUS returned +20.78% while SPY returned +21.53%. Year to date, BBUS is up 12.52% versus a gain of 13.17% for SPY.
Over three years, BBUS compounded at +22.07% per year against +22.06% for SPY; over five years the annualized figures are +12.87% and +13.35% respectively. Across the full 7-year window we track, BBUS has the edge at +15.62% annualized vs +8.82%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BBUS has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -35.4% for BBUS and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BBUS charges 0.02% per year while SPY charges 0.09%. On a $10,000 position that is $2 vs $9 annually, a gap of $7 per year that compounds over a long holding period. On income, BBUS currently yields 1.01% against 1.01% for SPY.
Holdings Overlap
BBUS and SPY share 408 holdings out of 560 unique holdings combined, representing a 93.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, BBUS or SPY?
BBUS has an expense ratio of 0.02% while SPY charges 0.09%. BBUS is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, BBUS or SPY?
Over the past year BBUS returned +20.78% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (7 years), BBUS annualized +15.62% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, BBUS or SPY?
BBUS has been the more volatile fund at 16.9% annualized versus 15.3% for SPY. Worst drawdown: BBUS -35.4% vs SPY -56.5%.
Should I hold both BBUS and SPY?
BBUS and SPY have a monthly-return correlation of 1.00, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between BBUS and SPY?
BBUS and SPY share 408 common holdings with a 93.0% weight overlap. Combined, they hold 560 unique securities.
Which pays a higher dividend, BBUS or SPY?
BBUS yields 1.01% while SPY yields 1.01%, so BBUS currently pays the higher dividend yield.
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