BBUS vs FNDB: Grades, Fees and Holdings Compared

JPMorgan BetaBuilders U.S. Equity ETF

BBUSACboe

Schwab Fundamental U.S. Broad Market Index ETF

FNDBCNYSE Arca

Overlap

60.6%by weight

Expense ratio

BBUS −0.23pt a year

BBUS0.02%FNDB0.25%

Avg volume · 30D

FNDB 1.4×the volume

BBUS224KFNDB323K

5Y return · a year

FNDB +1.5pt

BBUS+11.6%FNDB+13.1%

BBUS vs FNDB Performance

Oct 29, 2021 – Oct 30, 2026

+72.8%BBUS+85.4%FNDB

Expense ratio: BBUS 0.02%, better; FNDB 0.25%
Fund size: BBUS $9.56B; FNDB $1.51B
1Y total return: BBUS +11.3%; FNDB +24.4%, better
Yield (12M): BBUS 1.01%; FNDB 1.42%, better
Holdings: BBUS 470; FNDB 1616
Avg volume (30D): BBUS 224K sh; FNDB 323K sh, better
NAV per share: BBUS $136.14; FNDB $31.77
52W range

ETF.net Grade

Pillar letters and Scores for BBUS, FNDB, with each pillar’s weight
Pillar	BBUS	FNDB
Cost30% weight	A96Higher	F11
Mission25% weight	A98Higher	A74
Risk15% weight	C44	B66Higher
Tradability15% weight	D35	C42Higher
Holdings10% weight	D36	A85Higher
Durability5% weight	D28	D33Higher

Rank among Total US Market funds

How we build Categories ›

Same Category. BBUS and FNDB are both graded against the same 10 Total US Market funds, so their Grades compare head to head.

Total US Market⁠

Category · 10 funds

See all 10 ›

BBUS ranks 5th and FNDB 10th of 10 funds in the Total US Market Category.

Rank 4AVTIVanguard Morningstar Total Stock Market ETFScore 73
Rank 5ABBUSJPMorgan BetaBuilders U.S. Equity ETFScore 70
Rank 6BDFUSDimensional U.S. Equity ETFScore 65
Rank 9CIYYiShares Dow Jones U.S. ETFScore 53
Rank 10CFNDBSchwab Fundamental U.S. Broad Market Index ETFScore 48

Our read on each fund

ETF.net Research

BBUSAJPMorgan BetaBuilders U.S. Equity ETF

FNDBCSchwab Fundamental U.S. Broad Market Index ETF

In short

BBUS JPMorgan's two-basis-point answer to the total-market question: it undercuts the household-name index funds on fee, then holds a tighter book of roughly 500 large and mid caps instead of reaching for the whole market's tail.

FNDB Most total-market funds let share prices decide who's biggest. FNDB uses a different scoreboard: roughly 1,600 US companies weighted by fundamental measures of size, not market value.

Stated mandate

BBUS The fund seeks broad U.S. equity exposure through an indexed, passive approach tracking the Morningstar US Target Market Exposure Index.

FNDB The fund seeks to track, before fees and expenses, the total return of an index covering U.S. companies and weighting them according to fundamental measures of size.

Why people hold it

BBUS 0.02% a year makes it the cheapest fund in its total-market cohort, under the 0.03% charged by VTI, SCHB and ITOT and well under the 0.06% cohort median.
Plain passive plumbing: it follows the Morningstar US Target Market Exposure Index with very little drift, no factor tilts and no manager discretion in the mix.jpmorgan.com
A multi-billion-dollar fund backed by J.P. Morgan's ETF desk, listed since 2019 and paying distributions quarterly.

FNDB Weights companies by fundamental measures of size rather than share price, so rebalances trim what the market has bid up and add to what it hasn't.
Roughly 1,600 holdings, so the fundamental tilt is applied across the breadth of the US market instead of a narrow slice.
Running since 2013 under Schwab, with a portfolio that lines up closely with its stated mandate and pays quarterly.

Worth knowing

BBUS "US equity" here means roughly 500 large and mid cap names, so the deep small-cap tail that the broadest funds in this group carry is thinner.jpmorgan.com
Volume is moderate rather than heavy for the category, so spreads can run wider than at the most heavily traded total-market names.
A 2019 launch gives it a shorter live record than the total-market veterans it undercuts on price.

FNDB At 0.25% a year, it costs more than plain cap-weighted total-market peers such as VTI, SCHB and ITOT at 0.03%.
It is built to look different from cap-weighted indexes, so its results can lag them for long stretches as easily as lead.
Moderately traded rather than one of the category's volume giants, so bid-ask spreads can run wider than the cheapest broad-market names.

Full BBUS profile⁠

Full FNDB profile⁠

BBUS vs FNDB Holdings

How BBUS and FNDB differ

Overlap by weight

60.6%

Shared holdings make up 97.2% of BBUS and 81.4% of FNDB.

Level by level

Holdings434 in both60.6%
Sector11 Sectors77.8%
Asset classEquity100%
Countryby domicile99.8%

Sector

Sector weights in BBUS and FNDB, widest gap first
Sector	More in BBUSMore in FNDB	BBUS	FNDB
Technology	BBUS +21.1 points	40.6%	19.5%
Energy	FNDB +5.9 points	3.4%	9.3%
Health Care	FNDB +4.0 points	9.1%	13.1%
Financials	FNDB +3.5 points	11.2%	14.7%
Consumer Staples	FNDB +3.1 points	4.2%	7.3%
Materials	FNDB +1.8 points	1.5%	3.3%
Industrials	FNDB +1.6 points	8.0%	9.6%
Communication	BBUS +1.1 points	9.9%	8.8%
Utilities	FNDB +1.1 points	1.8%	2.9%
Real Estate	FNDB +0.7 points	1.6%	2.3%
Consumer Discretionary	FNDB +0.6 points	8.7%	9.3%

Country, concentration and asset class

Country by domicile

Country weights in BBUS and FNDB, widest gap first
Country	More in BBUSMore in FNDB	BBUS	FNDB
United States	Same weight	99.4%	99.4%
Switzerland	BBUS +0.1 points	0.3%	0.2%
Brazil	BBUS +0.1 points	0.1%	0.0%
United Kingdom	FNDB +0.1 points	0.0%	0.1%
China	Same weight	0.1%	0.1%
Ireland	FNDB +0.1 points	0.0%	0.1%
Mexico	Same weight	0.1%	0.1%
India	Same weight	0.0%	0.0%
Other countries (2)	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

BBUS36.9%
FNDB20.4%

Securities held

BBUS468
FNDB1,616

Asset class

BBUS: Equity
FNDB: Equity

Holdings

Only in BBUS34
In both434
Only in FNDB1,182

Only in BBUS

34 securities, 2.7% of BBUS by weight

JPMorgan U.s. Government0.63%
Space Exploration0.41%
Trane Technologies PLC0.14%
Cloudflare Inc Common0.14%
Elevance Health Inc0.13%
Mercadolibre Inc Common0.12%
Robinhood Markets Inc0.10%
Nxp Semiconductors NV0.10%
Bloom Energy Corp Common0.09%
Becton Dickinson & Co0.08%
Strategy Inc Common Stock0.07%
Garmin Ltd Common Stock0.07%
Block Inc Common Stock0.06%
Astera Labs Inc Common0.06%
Sunbelt Rentals Holdings0.05%
Rocket Lab Corp Common0.05%
Roblox Corp Common Stock0.04%
Fiserv Inc Common Stock0.04%
Credo Technology Group0.04%
Zscaler Inc Common Stock0.04%
Insmed Inc Common Stock0.04%
Steris PLC Common Stock0.03%
Alnylam Pharmaceuticals0.03%
Heico Corp Common Stock0.03%
Circle Internet Group0.02%
Medline Inc Common Stock0.02%
Flutter Entertainment0.02%
Lululemon Athletica Inc0.02%
Vivmark Residential Reit0.01%
Fox Corp Common Stock0.01%
News Corp Common Stock<0.01%
Liberty Media Corp<0.01%
Lennar Corp Common Stock<0.01%
Tpg Inc Right USD0.00%

Only in FNDB

1,182 securities, 18.6% of FNDB by weight

Moderna0.48%
Elevance Health Inc0.44%
Best Buy0.16%
Hf Sinclair0.15%
Fiserv Inc0.14%
Ovintiv0.13%
Viatris0.13%
Apa0.13%
Pbf Energy Class A0.12%
Becton Dickinson0.12%
Bunge Global SA0.11%
Skyworks Solutions0.10%
Reliance0.10%
Kenvue0.10%
Td Synnex0.09%
Arrow Electronics0.09%
Molina Healthcare Inc0.09%
Vivmark Residential0.08%
Qnity Electronics0.08%
Cleveland Cliffs Inc0.08%
Us Foods Holding0.08%
Stanley Black & Decker0.08%
Cf Industries Holdings Inc0.08%
Avnet0.08%
Baxter International0.07%
Ssc Government Mm Gvmxx0.07%
Performance Food Group0.07%
Ally Financial Inc0.07%
Mosaic0.07%
Macys0.07%
Builders Firstsource Inc0.07%
Block Class A0.07%
Tenet Healthcare Corp0.06%
Ball Corp0.06%
Kohls0.06%
Jm Smucker0.06%
Ryder System0.06%
Carmax Inc0.06%
Corebridge Financial Inc0.06%
Conagra Brands0.06%
Wesco International0.06%
Trane Technologies PLC0.06%
Aes0.06%
Jones Lang Lasalle0.06%
Sm Energy0.06%
Owens Corning0.06%
Cnh Industrial N.v.0.06%
Universal Health Services Class B0.05%
Lithia Motors Inc Class A0.05%
Eastman Chemical0.05%

Weight gaps

The 100 widest of 434 Holdings in both funds.

Holding weights in BBUS and FNDB, widest gap first
Holding	More in BBUSMore in FNDB	BBUS	FNDB
NVIDIA Corp Common StockNVDA	BBUS +6.61 points	7.28%	0.67%
Apple Inc Common StockAAPL	BBUS +3.09 points	7.67%	4.58%
Microsoft Corp CommonMSFT	BBUS +2.93 points	5.92%	2.99%
Amazon.com Inc CommonAMZN	BBUS +1.91 points	3.62%	1.71%
Broadcom Inc CommonAVGO	BBUS +1.88 points	2.32%	0.44%
Eli Lilly and CompanyLLY	BBUS +1.44 points	1.73%	0.29%
Tesla Inc Common StockTSLA	BBUS +1.39 points	1.72%	0.33%
Alphabet Inc-Cl A -GOOGL	BBUS +1.17 points	2.50%	1.33%
Exxonmobil Holdings CorpXOM	FNDB +1.15 points	1.17%	2.32%
Micron Technology IncMU	BBUS +1.03 points	1.52%	0.49%
Advanced Micro DevicesAMD	BBUS +1.00 points	1.26%	0.26%
Alphabet Inc-Cl C -GOOG	BBUS +0.95 points	2.02%	1.07%
Chevron Corp Common StockCVX	FNDB +0.89 points	0.67%	1.56%
UnitedHealth Group IncUNH	FNDB +0.80 points	0.56%	1.36%
Visa Inc Common Stock USDV	BBUS +0.64 points	1.08%	0.44%
Meta Platforms Inc CommonMETA	BBUS +0.63 points	2.07%	1.44%
Palantir Technologies IncPLTR	BBUS +0.61 points	0.62%	<0.01%
Valero Energy Corp CommonVLO	FNDB +0.56 points	0.18%	0.74%
Marathon Petroleum CorpMPC	FNDB +0.50 points	0.19%	0.69%
Verizon CommunicationsVZ	FNDB +0.49 points	0.28%	0.77%
Conocophillips CommonCOP	FNDB +0.48 points	0.28%	0.76%
Pfizer Inc Common StockPFE	FNDB +0.48 points	0.27%	0.75%
Mastercard Inc CommonMA	BBUS +0.47 points	0.78%	0.31%
AT&T Inc Common Stock USDT	FNDB +0.44 points	0.22%	0.66%
Palo Alto Networks IncPANW	BBUS +0.41 points	0.45%	0.04%
Cvs Health Corp CommonCVS	FNDB +0.37 points	0.18%	0.55%
Crowdstrike Holdings IncCRWD	BBUS +0.37 points	0.38%	0.01%
General Motors Co CommonGM	FNDB +0.35 points	0.12%	0.47%
General Electric CoGE	BBUS +0.34 points	0.48%	0.14%
Citigroup Inc CommonC	FNDB +0.34 points	0.31%	0.65%
Comcast Corp CommonCMCSA	FNDB +0.33 points	0.13%	0.46%
Phillips 66 Common StockPSX	FNDB +0.33 points	0.17%	0.50%
Intel Corp Common StockINTC	FNDB +0.32 points	0.47%	0.79%
Wells Fargo & Co CommonWFC	FNDB +0.31 points	0.39%	0.70%
Target Corp Common StockTGT	FNDB +0.31 points	0.11%	0.42%
Humana Inc Common StockHUM	FNDB +0.31 points	0.08%	0.39%
Ge Vernova Inc CommonGEV	BBUS +0.31 points	0.35%	0.04%
Ford Motor Co CommonF	FNDB +0.31 points	0.07%	0.38%
Lam Research Corp CommonLRCX	BBUS +0.29 points	0.46%	0.17%
Centene Corp Common StockCNC	FNDB +0.27 points	0.05%	0.32%
Bristol-Myers Squibb CoBMY	FNDB +0.27 points	0.19%	0.46%
Bank of America CorpBAC	FNDB +0.27 points	0.49%	0.76%
Cigna Group/The CommonCI	FNDB +0.25 points	0.12%	0.37%
Sandisk Corp CommonSNDK	BBUS +0.23 points	0.26%	0.03%
Arista Networks IncANET	BBUS +0.22 points	0.27%	0.04%
Eog Resources Inc CommonEOG	FNDB +0.22 points	0.13%	0.35%
Nucor Corp Common StockNUE	FNDB +0.22 points	0.09%	0.31%
Amphenol Corp CommonAPH	BBUS +0.22 points	0.30%	0.08%
Kla Corp Common Stock USDKLAC	BBUS +0.21 points	0.32%	0.10%
Accenture PLC CommonACN	FNDB +0.21 points	0.24%	0.45%
United Parcel ServiceUPS	FNDB +0.21 points	0.12%	0.33%
Dow Inc Common Stock USDDOW	FNDB +0.21 points	0.04%	0.25%
The Procter & GamblePG	FNDB +0.20 points	0.57%	0.77%
Boeing Co/The CommonBA	BBUS +0.20 points	0.21%	0.01%
Marvell Technology IncMRVL	BBUS +0.19 points	0.26%	0.07%
Applied Materials IncAMAT	BBUS +0.19 points	0.47%	0.28%
Lockheed Martin CorpLMT	FNDB +0.19 points	0.19%	0.38%
The Kroger Co.KR	FNDB +0.18 points	0.06%	0.24%
Welltower IncWELL	BBUS +0.18 points	0.26%	0.08%
The Coca-Cola CompanyKO	BBUS +0.18 points	0.56%	0.38%
Intuitive Surgical IncISRG	BBUS +0.17 points	0.23%	0.06%
Capital One FinancialCOF	FNDB +0.17 points	0.19%	0.36%
Walmart Inc Common StockWMT	FNDB +0.17 points	0.83%	1.00%
Netflix Inc Common StockNFLX	BBUS +0.16 points	0.39%	0.23%
Hp Inc Common Stock USDHPQ	FNDB +0.17 points	0.04%	0.21%
Archer-Daniels-MidlandADM	FNDB +0.16 points	0.05%	0.21%
Hewlett PackardHPE	FNDB +0.15 points	0.11%	0.26%
Snowflake Inc CommonSNOW	BBUS +0.15 points	0.16%	<0.01%
Fedex Corp Common StockFDX	FNDB +0.15 points	0.11%	0.26%
Uber Technologies IncUBER	BBUS +0.15 points	0.20%	0.05%
Lowe's Cos Inc CommonLOW	FNDB +0.15 points	0.18%	0.33%
Devon Energy Corp CommonDVN	FNDB +0.14 points	0.09%	0.23%
Western Digital CorpWDC	BBUS +0.14 points	0.20%	0.06%
Occidental PetroleumOXY	FNDB +0.15 points	0.07%	0.22%
American InternationalAIG	FNDB +0.15 points	0.06%	0.21%
Seagate TechnologySTX	BBUS +0.14 points	0.22%	0.08%
Lyondellbasell IndustriesLYB	FNDB +0.14 points	0.03%	0.17%
Synchrony FinancialSYF	FNDB +0.14 points	0.04%	0.18%
Caterpillar Inc CommonCAT	BBUS +0.14 points	0.44%	0.30%
Servicenow Inc CommonNOW	BBUS +0.14 points	0.17%	0.03%
Charter CommunicationsCHTR	FNDB +0.13 points	0.02%	0.15%
PayPal Holdings IncPYPL	FNDB +0.13 points	0.07%	0.20%
Dr Horton Inc CommonDHI	FNDB +0.12 points	0.06%	0.18%
Merck & Co Inc CommonMRK	FNDB +0.12 points	0.56%	0.68%
Analog Devices IncADI	BBUS +0.12 points	0.31%	0.19%
Berkshire Hathaway IncBRK.B	FNDB +0.11 points	1.53%	1.64%
Vertiv Holdings CoVRT	BBUS +0.11 points	0.13%	0.02%
AbbVie Inc Common StockABBV	BBUS +0.12 points	0.80%	0.68%
Datadog Inc Common StockDDOG	BBUS +0.11 points	0.12%	<0.01%
JPMorgan Chase & CoJPM	FNDB +0.11 points	1.37%	1.48%
Duke Energy Corp CommonDUK	FNDB +0.11 points	0.15%	0.26%
Cognizant TechnologyCTSH	FNDB +0.11 points	0.04%	0.15%
Altria Group Inc CommonMO	FNDB +0.11 points	0.20%	0.31%
Vertex PharmaceuticalsVRTX	BBUS +0.11 points	0.22%	0.11%
Qualcomm Inc Common StockQCOM	FNDB +0.10 points	0.27%	0.37%
Metlife Inc Common StockMET	FNDB +0.11 points	0.08%	0.19%
Kraft Heinz Co/TheKHC	FNDB +0.11 points	0.03%	0.14%
Nike Inc Common StockNKE	FNDB +0.10 points	0.07%	0.17%
The Walt Disney CompanyDIS	FNDB +0.10 points	0.29%	0.39%
Cadence Design SystemsCDNS	BBUS +0.10 points	0.14%	0.04%

All 469 BBUS holdings⁠All 1,619 FNDB 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.

BBUS vs FNDB Cost

Overpaying FNDB vs BBUS

$4,733

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

BBUS 0.02%
$426
FNDB 0.25%
$5,159

Amount$10,000

Years30 years

Cost over time

BBUS 0.02%
FNDB 0.25%
Overpaying

Year by year

Year	BBUS	FNDB	Overpaying
10	$37	$455	$418
20	$144	$1,769	$1,625
30	$426	$5,159	$4,733

Expense ratio

0.02%BBUS, cheaper
0.25%FNDB

BBUS0.02%FNDB0.25%

0.02%0.25%

Middle half of Total US Market funds
Median 0.04%

BBUS cheapest of 10 funds

FNDB 10th cheapest of 10 funds

BBUS vs FNDB Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BBUS 1.01%; FNDB 1.42%, better
Payout (12M): BBUS $1.37; FNDB $0.45
Last payment: BBUS $0.35; FNDB $0.12
Ex-dividend: BBUS Sep 22, 2026; FNDB Sep 23, 2026
Paid on: BBUS Sep 24, 2026; FNDB Sep 28, 2026
Frequency: BBUS Quarterly; FNDB Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BBUSQuarterly · 30 paymentsAll BBUS payments⁠

FNDBQuarterly · 40 paymentsAll FNDB payments⁠

BBUS vs FNDB Risk

Fall from peak · 5 years

BBUS
FNDB

Risk facts

VolatilityStd dev, 3 years: BBUS 12.5%FNDB 11.7%, better
Return per unit of riskSharpe ratio, 3 years: BBUS 1.39FNDB 1.48, better
Worst fallMax drawdown, 5 years: BBUS −25.5%FNDB −19.3%, better
Market sensitivityBeta, 5 years: BBUS 1.02FNDB 0.89; Market = 1

Popular comparisons

BBUSAvsITOTA
JPMorgan BetaBuilders U.S. Equity ETF · iShares Core S&P Total U.S. Stock Market ETF
Expense ratio
0.02% · 0.03%
Category
FNDBCvsITOTA
Schwab Fundamental U.S. Broad Market Index ETF · iShares Core S&P Total U.S. Stock Market ETF
Expense ratio
0.25% · 0.03%
Category
BBUSAvsSCHBA
JPMorgan BetaBuilders U.S. Equity ETF · Schwab U.S. Broad Market ETF
Expense ratio
0.02% · 0.03%
Category
FNDBCvsSCHBA
Schwab Fundamental U.S. Broad Market Index ETF · Schwab U.S. Broad Market ETF
Expense ratio
0.25% · 0.03%
Category
BBUSAvsSPTMA
JPMorgan BetaBuilders U.S. Equity ETF · State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
Expense ratio
0.02% · 0.03%
Category
FNDBCvsSPTMA
Schwab Fundamental U.S. Broad Market Index ETF · State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
Expense ratio
0.25% · 0.03%
Category