BBMC vs IWR: Grades, Fees and Holdings Compared

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

BBMCBCboe

iShares Russell Mid-Cap ETF

IWRANYSE Arca

Overlap

30.5%by weight

Expense ratio

BBMC −0.11pt a year

BBMC0.07%IWR0.18%

Avg volume · 30D

IWR 87.4×the volume

BBMC20.4KIWR1.79M

5Y return · a year

IWR +0.3pt

BBMC+7.0%IWR+7.3%

BBMC vs IWR Performance

Oct 29, 2021 – Oct 30, 2026

+40.3%BBMC+42.1%IWR

Expense ratio: BBMC 0.07%, better; IWR 0.18%
Fund size: BBMC $2.11B; IWR $58.1B
1Y total return: BBMC +18.8%, better; IWR +16.3%
Yield (12M): BBMC 1.15%; IWR 1.16%, better
Holdings: BBMC 460; IWR 827
Avg volume (30D): BBMC 20.4K sh; IWR 1.79M sh, better
NAV per share: BBMC $122.94; IWR $110.06
52W range

ETF.net Grade

Pillar letters and Scores for BBMC, IWR, with each pillar’s weight
Pillar	BBMC	IWR
Cost30% weight	B67Higher	C43
Mission25% weight	A100	A100
Risk15% weight	C46	B68Higher
Tradability15% weight	D34	A93Higher
Holdings10% weight	B69	A83Higher
Durability5% weight	C50	A86Higher

Rank among US Mid-Cap funds

How we build Categories ›

Same Category. BBMC and IWR are both graded against the same 13 US Mid-Cap funds, so their Grades compare head to head.

US Mid-Cap⁠

Category · 13 funds

See all 13 ›

IWR ranks 4th and BBMC 6th of 13 funds in the US Mid-Cap Category.

Rank 1AIMCBiShares Morningstar Mid-Cap ETFScore 82
Rank 2ASCHMSchwab U.S. Mid-Cap ETFScore 80
Rank 3AVOVanguard Morningstar Mid-Cap ETFScore 79
Rank 4AIWRiShares Russell Mid-Cap ETFScore 74
Rank 5ABKMCBNY Mellon US Mid Cap Core Equity ETFScore 70
Rank 6BBBMCJPMorgan BetaBuilders U.S. Mid Cap Equity ETFScore 66
Rank 7BQQQJInvesco NASDAQ Next Gen 100 ETFScore 60

Our read on each fund

ETF.net Research

BBMCBJPMorgan BetaBuilders U.S. Mid Cap Equity ETF

IWRAiShares Russell Mid-Cap ETF

In short

BBMC J.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.

IWR The Russell mid-cap standard: roughly 800 mid-sized US companies in one ticker, tracked since 2001. Big, heavily traded, and priced a notch above the index-fund floor.

Stated mandate

BBMC The fund is designed to provide U.S. mid-cap equity exposure through an indexed approach.

IWR The fund seeks to track an index composed of mid-sized U.S. companies.

Why people hold it

BBMC 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.

IWR Has tracked the Russell MidCap Index since 2001 and hews to it about as closely as anything in the mid-cap group.ishares.com
Roughly 800 mid-size US names, so no single stock carries the fund.
A multi-billion-dollar fund that trades actively, which tends to keep bid-ask spreads thin for small and large orders alike.
Plain 1940 Act fund paying quarterly distributions. No leverage, no exotic wrapper to babysit.

Worth knowing

BBMC 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.

IWR 0.18% a year, versus 0.03% for mid-cap rivals like VO and SCHM. Same aisle, different sticker.
Different yardstick than several rivals: Russell MidCap rather than a Morningstar mid-cap index, so the holdings and the size cutoffs differ.
All equity, all US. Nothing here (bonds, cash, foreign stocks) cushions a domestic stock selloff.

Full BBMC profile⁠

Full IWR profile⁠

BBMC vs IWR Holdings

How BBMC and IWR differ

Overlap by weight

30.5%

Shared holdings make up 90.5% of BBMC and 30.5% of IWR.

Level by level

Holdings395 in both30.5%
Sector11 Sectors92.5%
Countryby domicile98.8%
Asset classEquity100%

Sector

Sector weights in BBMC and IWR, widest gap first
Sector	More in BBMCMore in IWR	BBMC	IWR
Utilities	IWR +3.0 points	2.7%	5.7%
Health Care	BBMC +2.9 points	15.7%	12.8%
Energy	IWR +2.3 points	4.8%	7.1%
Consumer Discretionary	BBMC +2.0 points	10.8%	8.8%
Materials	BBMC +1.1 points	5.9%	4.8%
Consumer Staples	IWR +1.0 points	4.2%	5.2%
Communication	BBMC +1.0 points	3.5%	2.5%
Technology	IWR +0.7 points	15.3%	16.0%
Financials	IWR +0.6 points	13.3%	13.9%
Real Estate	BBMC +0.3 points	6.7%	6.4%
Industrials	BBMC +0.2 points	17.1%	16.9%

Country, concentration and asset class

Country by domicile

Country weights in BBMC and IWR, widest gap first
Country	More in BBMCMore in IWR	BBMC	IWR
United States	BBMC +0.4 points	98.8%	98.4%
United Kingdom	BBMC +0.5 points	0.9%	0.4%
Switzerland	IWR +0.4 points	0.0%	0.4%
Mexico	IWR +0.2 points	0.0%	0.2%
Canada	IWR +0.2 points	0.0%	0.2%
Sweden	BBMC +0.2 points	0.2%	0.0%
Ireland	IWR +0.2 points	0.0%	0.2%
India	Same weight	0.1%	0.1%
Other countries (5)	IWR +0.2 points	0.0%	0.2%

Concentration

Weight in the 10 largest Holdings

BBMC8.4%
IWR6.5%

Securities held

BBMC459
IWR823

Asset class

BBMC: Equity
IWR: Equity

Holdings

Only in BBMC64
In both395
Only in IWR428

Only in BBMC

64 securities, 9.5% of BBMC by weight

JPMorgan U.s. Government0.82%
Ball Corp Common Stock0.37%
Glaukos Corp Common Stock0.29%
Cnh Industrial NV Common0.22%
Jackson Financial Inc0.20%
Umb Financial Corp Common0.20%
Ryman Hospitality0.20%
Tg Therapeutics Inc0.19%
Vaxcyte Inc Common Stock0.19%
Healthequity Inc Common0.19%
Cytokinetics Inc Common0.18%
Old National Bancorp/In0.18%
Interdigital Inc Common0.17%
Silicon Laboratories Inc0.16%
Autoliv Inc Common Stock0.16%
Alkermes PLC Common Stock0.16%
Skydance Corp Common0.16%
Firstcash Holdings Inc0.16%
Life Time Group Holdings0.16%
Federal Signal Corp0.15%
Zurn Elkay Water0.15%
Hut 8 Corp Common Stock0.15%
Commercial Metals Co0.15%
Erie Indemnity Co Common0.14%
Lantheus Holdings Inc0.14%
United Bankshares Inc/Wv0.14%
Terreno Realty Corp Reit0.14%
Fluor Corp Common Stock0.14%
Gatx Corp Common Stock0.14%
Valley National Bancorp0.14%
Glacier Bancorp Inc0.14%
Black Hills Corp Common0.14%
Magnolia Oil & Gas Corp0.14%
Txnm Energy Inc Common0.13%
Murphy Oil Corp Common0.13%
Southwest Gas Holdings0.13%
Hancock Whitney Corp0.13%
Essent Group Ltd Common0.13%
Snap Inc Common Stock0.12%
Jbt Marel Corp Common0.12%
Home Bancshares Inc/Ar0.12%
Hims & Hers Health Inc0.12%
Essential Properties0.12%
Enersys Common Stock USD0.12%
Ormat Technologies Inc0.11%
Msg Knickerbockers Corp0.11%
New Jersey Resources0.11%
Gap Inc/The Common Stock0.11%
Portland General Electric0.11%
Spire Inc Common Stock0.11%

Only in IWR

428 securities, 69.3% of IWR by weight

Marathon Petroleum0.96%
Phillips 660.83%
Snowflake0.75%
Cloudflare Class A0.66%
Datadog Inc Class A0.57%
Royal Caribbean Group0.57%
United Rentals0.53%
Hewlett Packard Enterprise0.53%
Simon Property Group Reit Inc0.51%
Cheniere Energy0.51%
Digital Realty Trust Reit0.49%
Targa Resources0.49%
Allstate Corp0.49%
Robinhood Markets Class A0.48%
Kinder Morgan0.48%
Lumentum Holdings0.48%
Cencora0.45%
Oneok0.44%
Nucor0.44%
Fastenal0.44%
Ww Grainger Inc0.43%
Devon Energy0.43%
Cardinal Health0.43%
Ametek Inc0.40%
Baker Hughes Class A0.40%
Becton Dickinson0.40%
Realty Income Reit0.39%
Autodesk0.39%
Keysight Technologies0.38%
Edwards Lifesciences0.38%
L3HARRIS Technologies0.38%
Entergy Corp0.38%
Xcel Energy Inc0.36%
Humana0.36%
Agilent Technologies Inc0.36%
Delta Air Lines0.36%
Rockwell Automation Inc0.36%
Ebay0.36%
Fifth Third Bancorp0.36%
Vylor0.36%
PayPal Holdings0.36%
Ford Motor Co0.35%
Exelon Corp0.35%
Westinghouse Air Brake Technologie0.35%
Vivmark Residential0.34%
Nasdaq Inc0.34%
Veeva Systems Class A0.34%
Vistra0.34%
Keurig Dr Pepper Inc0.34%
Occidental Petroleum Corp0.34%

Weight gaps

The 100 widest of 395 Holdings in both funds.

Holding weights in BBMC and IWR, widest gap first
Holding	More in BBMCMore in IWR	BBMC	IWR
Moderna Inc Common StockMRNA	BBMC +1.13 points	1.72%	0.59%
Natera Inc Common StockNTRA	BBMC +0.83 points	1.24%	0.41%
Revolution Medicines IncRVMD	BBMC +0.58 points	0.85%	0.27%
Okta Inc Common StockOKTA	BBMC +0.52 points	0.77%	0.25%
Atlassian Corp CommonTEAM	BBMC +0.44 points	0.66%	0.22%
Williams-Sonoma IncWSM	BBMC +0.44 points	0.65%	0.21%
Technipfmc PLC CommonFTI	BBMC +0.37 points	0.57%	0.20%
Casey's General StoresCASY	BBMC +0.37 points	0.55%	0.18%
Qnity Electronics IncQ	BBMC +0.35 points	0.53%	0.18%
Tapestry Inc Common StockTPR	BBMC +0.34 points	0.51%	0.17%
Guardant Health IncGH	BBMC +0.33 points	0.50%	0.17%
Us Foods Holding CorpUSFD	BBMC +0.33 points	0.50%	0.17%
Xpo Inc Common Stock USDXPO	BBMC +0.33 points	0.49%	0.16%
Reliance Inc Common StockRS	BBMC +0.33 points	0.49%	0.16%
Ati Inc Common Stock USDATI	BBMC +0.33 points	0.49%	0.16%
Tenet Healthcare CorpTHC	BBMC +0.32 points	0.48%	0.16%
United Therapeutics CorpUTHR	BBMC +0.32 points	0.50%	0.18%
Viatris Inc Common StockVTRS	BBMC +0.31 points	0.47%	0.16%
Affirm Holdings IncAFRM	BBMC +0.30 points	0.45%	0.15%
Skyworks Solutions IncSWKS	BBMC +0.30 points	0.45%	0.15%
Nvent Electric PLCNVT	BBMC +0.29 points	0.44%	0.15%
Roku Inc Common Stock USDROKU	BBMC +0.29 points	0.44%	0.15%
Ovintiv Inc Common StockOVV	BBMC +0.28 points	0.43%	0.15%
Permian ResourcesPR	BBMC +0.28 points	0.43%	0.15%
Royal Gold IncRGLD	BBMC +0.28 points	0.42%	0.14%
Cf Industries HoldingsCF	BBMC +0.27 points	0.41%	0.14%
Best Buy Co Inc CommonBBY	BBMC +0.27 points	0.41%	0.14%
Rubrik Inc Common StockRBRK	BBMC +0.27 points	0.41%	0.14%
Td Synnex Corp CommonSNX	BBMC +0.27 points	0.40%	0.13%
Roivant Sciences LtdROIV	BBMC +0.26 points	0.40%	0.14%
Nutanix Inc Common StockNTNX	BBMC +0.26 points	0.39%	0.13%
Woodward Inc CommonWWD	BBMC +0.26 points	0.39%	0.13%
Ftai Aviation Ltd CommonFTAI	BBMC +0.26 points	0.40%	0.14%
Itt Inc Common Stock USDITT	BBMC +0.26 points	0.39%	0.13%
Zebra Technologies CorpZBRA	BBMC +0.26 points	0.38%	0.12%
Revvity Inc Common StockRVTY	BBMC +0.25 points	0.38%	0.13%
Curtiss-Wright CorpCW	BBMC +0.25 points	0.38%	0.13%
Apa Corp Common StockAPA	BBMC +0.25 points	0.39%	0.14%
Charles RiverCRL	BBMC +0.24 points	0.37%	0.13%
Host Hotels & ResortsHST	BBMC +0.24 points	0.37%	0.13%
Toast Inc Common StockTOST	BBMC +0.25 points	0.36%	0.11%
Dynatrace IncDT	BBMC +0.25 points	0.37%	0.12%
Api Group Corp CommonAPG	BBMC +0.25 points	0.37%	0.12%
Reinsurance Group ofRGA	BBMC +0.24 points	0.37%	0.13%
Jones Lang Lasalle IncJLL	BBMC +0.24 points	0.36%	0.12%
Wesco International IncWCC	BBMC +0.24 points	0.36%	0.12%
Hf Sinclair Corp CommonDINO	BBMC +0.24 points	0.37%	0.13%
Macom TechnologyMTSI	BBMC +0.24 points	0.36%	0.12%
Docusign Inc CommonDOCU	BBMC +0.23 points	0.35%	0.12%
Gen Digital Inc CommonGEN	BBMC +0.24 points	0.35%	0.11%
Godaddy Inc Common StockGDDY	BBMC +0.23 points	0.34%	0.11%
Nordson Corp CommonNDSN	BBMC +0.23 points	0.35%	0.12%
Performance Food Group CoPFGC	BBMC +0.23 points	0.34%	0.11%
Halozyme TherapeuticsHALO	BBMC +0.23 points	0.34%	0.11%
Stanley Black & DeckerSWK	BBMC +0.23 points	0.34%	0.11%
Talen Energy Corp CommonTLN	BBMC +0.23 points	0.34%	0.11%
Allegion PLC Common StockALLE	BBMC +0.22 points	0.34%	0.12%
Idex Corp Common StockIEX	BBMC +0.22 points	0.35%	0.13%
Lincoln Electric HoldingsLECO	BBMC +0.22 points	0.33%	0.11%
Equitable Holdings IncEQH	BBMC +0.22 points	0.33%	0.11%
Exelixis Inc Common StockEXEL	BBMC +0.22 points	0.35%	0.13%
Carlisle Cos Inc CommonCSL	BBMC +0.22 points	0.33%	0.11%
Clean Harbors Inc CommonCLH	BBMC +0.22 points	0.33%	0.11%
Medpace Holdings IncMEDP	BBMC +0.22 points	0.33%	0.11%
Caci International IncCACI	BBMC +0.21 points	0.32%	0.11%
Manhattan Associates IncMANH	BBMC +0.22 points	0.32%	0.10%
Neurocrine BiosciencesNBIX	BBMC +0.21 points	0.32%	0.11%
Assurant Inc CommonAIZ	BBMC +0.22 points	0.32%	0.10%
Transunion Common StockTRU	BBMC +0.21 points	0.32%	0.11%
Ralph Lauren Corp CommonRL	BBMC +0.22 points	0.32%	0.10%
Pinnacle FinancialPNFP	BBMC +0.21 points	0.32%	0.11%
Hasbro Inc Common StockHAS	BBMC +0.21 points	0.33%	0.12%
Jazz Pharmaceuticals PLCJAZZ	BBMC +0.22 points	0.31%	0.09%
Tradeweb Markets IncTW	BBMC +0.21 points	0.31%	0.10%
Rbc Bearings Inc CommonRBC	BBMC +0.20 points	0.31%	0.11%
Aramark Common Stock USDARMK	BBMC +0.21 points	0.31%	0.10%
Carpenter TechnologyCRS	BBMC +0.20 points	0.30%	0.10%
Ch Robinson Worldwide IncCHRW	BBMC +0.20 points	0.31%	0.11%
Avery Dennison CorpAVY	BBMC +0.20 points	0.30%	0.10%
Lamar Advertising CoLAMR	BBMC +0.20 points	0.30%	0.10%
Omega HealthcareOHI	BBMC +0.21 points	0.31%	0.10%
Toll Brothers Inc CommonTOL	BBMC +0.20 points	0.30%	0.10%
Gartner Inc Common StockIT	BBMC +0.20 points	0.31%	0.11%
J M Smucker Co/The CommonSJM	BBMC +0.20 points	0.30%	0.10%
Coeur Mining Inc CommonCDE	BBMC +0.20 points	0.30%	0.10%
Crown Holdings Inc CommonCCK	BBMC +0.20 points	0.29%	0.09%
Reddit Inc Common StockRDDT	BBMC +0.20 points	0.29%	0.09%
Encompass Health CorpEHC	BBMC +0.19 points	0.29%	0.10%
Mks Inc Common Stock USDMKSI	BBMC +0.19 points	0.29%	0.10%
Rpm International IncRPM	BBMC +0.20 points	0.29%	0.09%
Healthpeak PropertiesDOC	BBMC +0.19 points	0.29%	0.10%
Unity Software Inc CommonU	BBMC +0.19 points	0.29%	0.10%
Akamai Technologies IncAKAM	BBMC +0.19 points	0.29%	0.10%
Echostar Corp CommonECHO	BBMC +0.19 points	0.29%	0.10%
Samsara Inc Common StockIOT	BBMC +0.19 points	0.30%	0.11%
Guidewire Software IncGWRE	BBMC +0.19 points	0.29%	0.10%
Wayfair Inc- Class AW	BBMC +0.19 points	0.28%	0.09%
Bunge Global SA CommonBG	BBMC +0.19 points	0.28%	0.09%
Pinnacle West CapitalPNW	BBMC +0.19 points	0.28%	0.09%
Renaissancere HoldingsRNR	BBMC +0.19 points	0.29%	0.10%

All 459 BBMC holdings⁠All 823 IWR holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BBMC vs IWR Cost

Overpaying IWR vs BBMC

$2,269

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BBMC 0.07%
$1,480
IWR 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

BBMC 0.07%
IWR 0.18%
Overpaying

Year by year

Year	BBMC	IWR	Overpaying
10	$128	$328	$200
20	$503	$1,281	$778
30	$1,480	$3,749	$2,269

Expense ratio

0.07%BBMC, cheaper
0.18%IWR

BBMC0.07%IWR0.18%

0.03%0.79%

Middle half of US Mid-Cap funds
Median 0.15%

BBMC 5th cheapest of 13 funds

IWR 8th cheapest of 13 funds

BBMC vs IWR Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BBMC 1.15%; IWR 1.16%, better
Payout (12M): BBMC $1.41; IWR $1.27
Last payment: BBMC $0.36; IWR $0.33
Ex-dividend: BBMC Sep 22, 2026; IWR Sep 15, 2026
Paid on: BBMC Sep 24, 2026; IWR Sep 18, 2026
Frequency: BBMC Quarterly; IWR Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BBMCQuarterly · 27 paymentsAll BBMC payments⁠

IWRQuarterly · 36 paymentsAll IWR payments⁠

BBMC vs IWR Risk

Fall from peak · 5 years

BBMC
IWR

Risk facts

VolatilityStd dev, 3 years: BBMC 16.2%IWR 14.1%, better
Return per unit of riskSharpe ratio, 3 years: BBMC 1.02IWR 1.08, better
Worst fallMax drawdown, 5 years: BBMC −30.1%IWR −26.2%, better
Market sensitivityBeta, 5 years: BBMC 1.10IWR 1.01; Market = 1

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