ETF Filings
Vanguard files for a U.S. small-mid cap active ETF after last year’s three reached $161 million
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
$121.84−0.05 (−0.04%)
- 0.07%
- $2.1B
- +21.5%
- 1.16%
- 0M sh
- $121.85
- low $99.77high $130.07
The ETF.net BBMC Grade
B
Score 65 out of 100
- 6 of 13
Score 65 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B67 out of 100Rank 5 of 13Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 11Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C40 out of 100Rank 10 of 13Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D32 out of 100Rank 9 of 13Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A70 out of 100Rank 4 of 13Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C50 out of 100Rank 7 of 13
Our read on BBMC
BJ.P. Morgan's no-frills mid-cap sleeve: roughly 500 U.S. mid caps for 0.07% a year, less than half the typical fee in its peer group. No tilts, no theme, just the middle of the market at a discount.
The fund is designed to provide U.S. mid-cap equity exposure through an indexed approach.
Why people hold it
- 0.07% a year against a 0.15% median across its mid-cap cohort. The fee gap is the whole pitch, and it compounds quietly.
- Roughly 500 holdings tracking the Morningstar US Mid Cap Target Market Exposure Extended Index: the broad middle of the U.S. market, not a stockpicker's slice.
- Does one job and stays in its lane. Plain indexed U.S. mid-cap equity, and one of the tightest mandate matches in its peer group.
- Launched in 2020 and already past the billion-dollar mark, with J.P. Morgan's BetaBuilders index lineup behind it.
Worth knowing
- Thinly traded next to category giants like VO and SCHM, so bid-ask spreads can run wider, especially in fast-moving markets.
- Cheap, not cheapest: VO and SCHM sit at 0.03% for similar broad mid-cap exposure.
- Pure mid cap, so no mega-cap ballast to steady the ride, and income arrives quarterly rather than monthly.
BBMC Holdings
- Stocks
- 460
- 8%
- MRNA
Sectors
- Industrials17.9%
- Technology16.1%
- Health Care15.2%
- Financials13.2%
- Consumer Discretionary10.4%
- Real Estate6.5%
- Materials6.3%
- Energy4.5%
- Consumer Staples3.7%
- Communication3.7%
- Utilities2.7%
Geography
- United States96.02%
- United Kingdom1.44%
- Bermuda0.78%
- Ireland0.75%
- Cayman Islands0.37%
- Puerto Rico0.21%
- Switzerland0.20%
- Sweden0.15%
- 0.07%
BBMC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
BBMC$12,146
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BBMC |
|---|---|
| Year to date | +15.2% |
| 1 month | −1.6% |
| 3 months | −2.3% |
| 1 year | +21.5% |
| 3 years | +19.6% |
| 5 years | +7.8% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BBMC |
|---|---|---|
| 2026 YTD | +15.2% | |
| 2025 | +12.2% | |
| 2024 | +15.2% | |
| 2023 | +18.4% | |
| 2022 | −19.8% | |
| 2021 | +17.6% | |
| 2020 | +62.0% |
BBMC in the news
BBMC Dividends
- 1.16%
- $1.41
- $0.36 per share
- Quarterly
Distribution history
BBMC Risk
- 16.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.83
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −30.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.10
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BBMC Cost
0.07%
BBMC0.07%
- The middle half of US Mid-Cap funds
- Median 0.15%
4 of the 13 US Mid-Cap funds charge less.
Other funds in US Mid-Cap
- AIWRiShares Russell Mid-Cap ETFExpense ratio 0.18%1 year return +17.9%
- ABKMCBNY Mellon US Mid Cap Core Equity ETFExpense ratio 0.04%1 year return +10.9%
- BIQSMNYLI Candriam U.S. Mid Cap Equity ETFExpense ratio 0.15%1 year return +18.4%
- BQQQJInvesco NASDAQ Next Gen 100 ETFExpense ratio 0.15%1 year return +28.4%
- CEZMWisdomTree U.S. MidCap FundExpense ratio 0.38%1 year return +16.2%