BBUS vs ITOT: Grades, Fees and Holdings Compared

JPMorgan BetaBuilders U.S. Equity ETF

BBUSACboe

iShares Core S&P Total U.S. Stock Market ETF

ITOTANYSE Arca

Overlap

88.4%by weight

Expense ratio

BBUS −0.01pt a year

BBUS0.02%ITOT0.03%

Avg volume · 30D

ITOT 6.7×the volume

BBUS223KITOT1.5M

5Y return · a year

BBUS +0.6pt

BBUS+11.2%ITOT+10.6%

BBUS vs ITOT Performance

Nov 3, 2021 – Nov 3, 2026

+70.4%BBUS+65.4%ITOT

Expense ratio: BBUS 0.02%, better; ITOT 0.03%
Fund size: BBUS $9.59B; ITOT $95.1B
1Y total return: BBUS +10.9%; ITOT +11.6%, better
Yield (12M): BBUS 1.01%; ITOT 1.02%, better
Holdings: BBUS 470; ITOT 2431
Avg volume (30D): BBUS 223K sh; ITOT 1.5M sh, better
NAV per share: BBUS $135.41; ITOT $164.10
52W range

ETF.net Grade

Pillar letters and Scores for BBUS, ITOT, with each pillar’s weight
Pillar	BBUS	ITOT
Cost30% weight	A96Higher	A75
Mission25% weight	A98	A100Higher
Risk15% weight	C44	C50Higher
Tradability15% weight	D35	A83Higher
Holdings10% weight	D36	A74Higher
Durability5% weight	D28	A80Higher

Rank among Total US Market funds

How we build Categories ›

Same Category. BBUS and ITOT 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 ›

ITOT ranks 1st and BBUS 5th of 10 funds in the Total US Market Category.

Rank 1AITOTiShares Core S&P Total U.S. Stock Market ETFScore 78
Rank 2ASCHBSchwab U.S. Broad Market ETFScore 76
Rank 4AVTIVanguard Morningstar Total Stock Market ETFScore 73
Rank 5ABBUSJPMorgan BetaBuilders U.S. Equity ETFScore 70
Rank 6BDFUSDimensional U.S. Equity ETFScore 65

Our read on each fund

ETF.net Research

BBUSAJPMorgan BetaBuilders U.S. Equity ETF

ITOTAiShares Core S&P Total U.S. Stock Market 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.

ITOT The S&P family's answer to total-market indexing: large, mid and small U.S. stocks in one 0.03% wrapper, running since 2004. Same fee as the Vanguard and Schwab giants, a different index rulebook.

Stated mandate

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

ITOT The fund seeks to track the performance of the S&P Composite 1500, representing U.S. stocks across market capitalizations.

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.

ITOT 0.03% a year, matching the category's biggest names (VTI, SCHB) and sitting below what the typical fund in this group charges.
One index, no tilts: U.S. stocks across market caps in cap-weight order. The mandate it prints is the mandate it runs.
Trading since 2004 and now a multi-billion-dollar fund with active daily volume, so spreads are rarely the story.
Plain 1940 Act fund structure, cash paid out 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.

ITOT Cap weighting puts the megacaps in the driver's seat; the long tail of smaller names is a thin slice of the basket.
SPTM tracks the same declared index at the same 0.03% fee, so the pick comes down to platform, spreads and existing tax lots.
All-equity and all-U.S. by design: no bonds, no foreign stocks in the wrapper.

Full BBUS profile⁠

Full ITOT profile⁠

BBUS vs ITOT Holdings

How BBUS and ITOT differ

Overlap by weight

88.4%

Shared holdings make up 98.6% of BBUS and 88.4% of ITOT.

Level by level

Holdings456 in both88.4%
Sector11 Sectors94.5%
Asset classEquity100%
Countryby domicile99.9%

Sector

Sector weights in BBUS and ITOT, widest gap first
Sector	Gap	BBUS	ITOT
Technology	BBUS +4.1 points	40.6%	36.5%
Communication	BBUS +1.3 points	9.9%	8.6%
Health Care	ITOT +1.2 points	9.1%	10.3%
Industrials	ITOT +1.0 points	8.0%	9.0%
Financials	ITOT +1.0 points	11.2%	12.2%
Real Estate	ITOT +0.5 points	1.6%	2.1%
Energy	ITOT +0.5 points	3.4%	3.9%
Materials	ITOT +0.5 points	1.5%	2.0%
Consumer Staples	ITOT +0.3 points	4.2%	4.5%
Consumer Discretionary	ITOT +0.2 points	8.7%	8.9%
Utilities	ITOT +0.2 points	1.8%	2.0%

Country, concentration and asset class

Country by domicile

Country weights in BBUS and ITOT, widest gap first
Country	Gap	BBUS	ITOT
United States	Same weight	99.4%	99.4%
Switzerland	Same weight	0.3%	0.3%
Brazil	BBUS +0.1 points	0.1%	0.0%
China	Same weight	0.1%	0.1%
United Kingdom	ITOT +0.1 points	0.0%	0.1%
Mexico	Same weight	0.1%	0.1%
Ireland	Same weight	0.0%	0.0%
Sweden	Same weight	0.0%	0.0%
India	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

BBUS36.7%
ITOT33.2%

Securities held

BBUS468
ITOT2,427

Asset class

BBUS: Equity
ITOT: Equity

Holdings

Only in BBUS12
In both456
Only in ITOT1,971

Only in BBUS

12 securities, 1.3% of BBUS by weight

JPMorgan U.s. Government0.64%
Trane Technologies PLC0.14%
Elevance Health Inc0.13%
Mercadolibre Inc Common0.12%
Becton Dickinson & Co0.08%
Block Inc Common Stock0.06%
Fiserv Inc Common Stock0.04%
Steris PLC Common Stock0.04%
Southern Copper Corp0.03%
Flutter Entertainment0.02%
Vivmark Residential Reit0.01%
Tpg Inc Right USD0.00%

Only in ITOT

1,971 securities, 11.4% of ITOT by weight

Elevance Health Inc0.12%
Trane Technologies PLC0.12%
Moderna0.11%
Natera0.08%
Becton Dickinson0.07%
Vivmark Residential0.06%
Block Class A0.06%
Revolution Medicines0.05%
Kenvue0.05%
Cboe Global Markets0.05%
Okta Class A0.05%
Atlassian Corp Class A0.04%
Williams Sonoma Inc0.04%
Technipfmc PLC0.04%
Fiserv Inc0.04%
United Therapeutics0.03%
Caseys General Stores Inc0.03%
Qnity Electronics0.03%
Guardant Health0.03%
Tapestry0.03%
Ati0.03%
Steris0.03%
Viatris0.03%
Us Foods Holding0.03%
Xpo0.03%
Reliance Steel & Aluminum0.03%
Tenet Healthcare Corp0.03%
Permian Resources Class A0.03%
Affirm Holdings Class A0.03%
Amrize AG0.03%
Roku Class A0.03%
Nvent Electric PLC0.03%
Roivant Sciences Ltd0.03%
Rubrik Class A0.03%
Ovintiv0.03%
Skyworks Solutions0.03%
Royal Gold0.03%
Ftai Aviation0.03%
Best Buy0.03%
Td Synnex0.03%
Cf Industries Holdings Inc0.03%
Apa0.03%
Nutanix Class A0.02%
Woodward0.02%
Revvity0.02%
Curtiss Wright0.02%
Hf Sinclair0.02%
Itt Inc0.02%
Ball Corp0.02%
Charles River Laboratories Interna0.02%

Weight gaps

The 100 widest of 456 Holdings in both funds.

Holding weights in BBUS and ITOT, widest gap first
Holding	Gap	BBUS	ITOT
Apple Inc Common StockAAPL	BBUS +0.72 points	7.57%	6.85%
Amazon.com Inc CommonAMZN	BBUS +0.51 points	3.72%	3.21%
Microsoft Corp CommonMSFT	BBUS +0.50 points	5.78%	5.28%
NVIDIA Corp Common StockNVDA	BBUS +0.47 points	7.22%	6.75%
Alphabet Inc-Cl A -GOOGL	BBUS +0.27 points	2.51%	2.24%
Alphabet Inc-Cl C -GOOG	BBUS +0.23 points	2.03%	1.80%
Tesla Inc Common StockTSLA	BBUS +0.22 points	1.75%	1.53%
Meta Platforms Inc CommonMETA	BBUS +0.20 points	2.05%	1.85%
Broadcom Inc CommonAVGO	BBUS +0.20 points	2.31%	2.11%
Berkshire Hathaway IncBRK.B	BBUS +0.19 points	1.57%	1.38%
Eli Lilly and CompanyLLY	BBUS +0.19 points	1.73%	1.54%
JPMorgan Chase & CoJPM	BBUS +0.17 points	1.39%	1.22%
Space ExplorationSPCX	BBUS +0.17 points	0.42%	0.25%
Visa Inc Common Stock USDV	BBUS +0.15 points	1.11%	0.96%
Mastercard Inc CommonMA	BBUS +0.11 points	0.81%	0.70%
Walmart Inc Common StockWMT	BBUS +0.11 points	0.86%	0.75%
Johnson & Johnson CommonJNJ	BBUS +0.10 points	1.00%	0.90%
Costco Wholesale CorpCOST	BBUS +0.10 points	0.71%	0.61%
Exxonmobil Holdings CorpXOM	BBUS +0.08 points	1.13%	1.05%
Micron Technology IncMU	BBUS +0.08 points	1.44%	1.36%
The Coca-Cola CompanyKO	BBUS +0.07 points	0.57%	0.50%
General Electric CoGE	BBUS +0.07 points	0.50%	0.43%
Home Depot Inc/TheHD	BBUS +0.07 points	0.52%	0.45%
AbbVie Inc Common StockABBV	BBUS +0.07 points	0.78%	0.71%
The Procter & GamblePG	BBUS +0.07 points	0.58%	0.51%
Merck & Co Inc CommonMRK	BBUS +0.06 points	0.56%	0.50%
Wells Fargo & Co CommonWFC	BBUS +0.06 points	0.40%	0.34%
UnitedHealth Group IncUNH	BBUS +0.05 points	0.55%	0.50%
Philip MorrisPM	BBUS +0.06 points	0.50%	0.44%
Cisco Systems Inc CommonCSCO	BBUS +0.06 points	0.62%	0.56%
Rtx CorpRTX	BBUS +0.05 points	0.42%	0.37%
Bank of America CorpBAC	BBUS +0.05 points	0.49%	0.44%
Kimberly-Clark CorpKMB	BBUS +0.05 points	0.10%	0.05%
Texas Instruments IncTXN	BBUS +0.05 points	0.42%	0.37%
Goldman Sachs GroupGS	BBUS +0.05 points	0.40%	0.35%
Netflix Inc Common StockNFLX	BBUS +0.05 points	0.40%	0.35%
Advanced Micro DevicesAMD	BBUS +0.05 points	1.17%	1.12%
Linde PLC Common StockLIN	BBUS +0.05 points	0.37%	0.32%
Caterpillar Inc CommonCAT	BBUS +0.04 points	0.43%	0.39%
Amgen Inc Common StockAMGN	BBUS +0.05 points	0.39%	0.34%
Abbott LaboratoriesABT	BBUS +0.04 points	0.29%	0.25%
Ge Vernova Inc CommonGEV	BBUS +0.04 points	0.35%	0.31%
Mcdonald's Corp CommonMCD	BBUS +0.04 points	0.29%	0.25%
Pepsico Inc Common StockPEP	BBUS +0.04 points	0.29%	0.25%
Morgan Stanley DeanMS	BBUS +0.04 points	0.34%	0.30%
The Walt Disney CompanyDIS	BBUS +0.04 points	0.30%	0.26%
American Express CoAXP	BBUS +0.04 points	0.27%	0.23%
Citigroup Inc CommonC	BBUS +0.04 points	0.32%	0.28%
Gilead Sciences IncGILD	BBUS +0.03 points	0.32%	0.29%
Thermo Fisher ScientificTMO	BBUS +0.04 points	0.39%	0.35%
Welltower IncWELL	BBUS +0.03 points	0.26%	0.23%
International BusinessIBM	BBUS +0.04 points	0.37%	0.33%
Verizon CommunicationsVZ	BBUS +0.04 points	0.29%	0.25%
Applied Materials IncAMAT	BBUS +0.04 points	0.46%	0.42%
Palo Alto Networks IncPANW	BBUS +0.03 points	0.44%	0.41%
Union Pacific Corp CommonUNP	BBUS +0.03 points	0.28%	0.25%
Nextera Energy IncNEE	BBUS +0.03 points	0.27%	0.24%
Analog Devices IncADI	BBUS +0.03 points	0.31%	0.28%
Amphenol Corp CommonAPH	BBUS +0.03 points	0.30%	0.27%
Stryker Corp Common StockSYK	BBUS +0.03 points	0.17%	0.14%
Medtronic PLC CommonMDT	BBUS +0.04 points	0.20%	0.16%
Pfizer Inc Common StockPFE	BBUS +0.03 points	0.27%	0.24%
Palantir Technologies IncPLTR	BBUS +0.03 points	0.61%	0.58%
Accenture PLC CommonACN	BBUS +0.02 points	0.24%	0.22%
Lam Research Corp CommonLRCX	BBUS +0.03 points	0.44%	0.41%
Intuitive Surgical IncISRG	BBUS +0.03 points	0.24%	0.21%
Illinois Tool Works IncITW	BBUS +0.03 points	0.13%	0.10%
Lowe's Cos Inc CommonLOW	BBUS +0.03 points	0.19%	0.16%
Boeing Co/The CommonBA	BBUS +0.03 points	0.21%	0.18%
Tjx Cos Inc/The CommonTJX	BBUS +0.03 points	0.24%	0.21%
Capital One FinancialCOF	BBUS +0.03 points	0.20%	0.17%
Chubb Ltd Common StockCB	BBUS +0.03 points	0.20%	0.17%
Danaher Corp Common StockDHR	BBUS +0.02 points	0.22%	0.20%
Charles Schwab Corp/TheSCHW	BBUS +0.03 points	0.22%	0.19%
Kla Corp Common Stock USDKLAC	BBUS +0.03 points	0.31%	0.28%
AT&T Inc Common Stock USDT	BBUS +0.03 points	0.23%	0.20%
Booking Holdings IncBKNG	BBUS +0.03 points	0.18%	0.15%
Progressive Corp/ThePGR	BBUS +0.03 points	0.21%	0.18%
Qualcomm Inc Common StockQCOM	BBUS +0.02 points	0.26%	0.24%
Prologis Inc Reit USDPLD	BBUS +0.02 points	0.19%	0.17%
Bristol-Myers Squibb CoBMY	BBUS +0.03 points	0.20%	0.17%
BlackRock Inc CommonBLK	BBUS +0.02 points	0.25%	0.23%
S&P Global Inc CommonSPGI	BBUS +0.03 points	0.22%	0.19%
Deere & Co Common StockDE	BBUS +0.02 points	0.25%	0.23%
Newmont Corp Common StockNEM	BBUS +0.03 points	0.18%	0.15%
Automatic Data ProcessingADP	BBUS +0.02 points	0.18%	0.16%
Eaton Corp PLC CommonETN	BBUS +0.02 points	0.22%	0.20%
Vertex PharmaceuticalsVRTX	BBUS +0.03 points	0.22%	0.19%
Howmet Aerospace IncHWM	BBUS +0.02 points	0.13%	0.11%
Regeneron PharmaceuticalsREGN	BBUS +0.03 points	0.15%	0.12%
Starbucks Corp CommonSBUX	BBUS +0.02 points	0.18%	0.16%
Salesforce.com Inc.CRM	BBUS +0.02 points	0.28%	0.26%
Mckesson Corp CommonMCK	BBUS +0.02 points	0.18%	0.16%
Cme Group Inc CommonCME	BBUS +0.02 points	0.17%	0.15%
Sherwin-Williams Co/TheSHW	BBUS +0.02 points	0.12%	0.10%
Altria Group Inc CommonMO	BBUS +0.02 points	0.20%	0.18%
Chevron Corp Common StockCVX	BBUS +0.02 points	0.65%	0.63%
Marriott InternationalMAR	BBUS +0.02 points	0.14%	0.12%
Crowdstrike Holdings IncCRWD	BBUS +0.02 points	0.37%	0.35%
Servicenow Inc CommonNOW	BBUS +0.02 points	0.17%	0.15%

All 469 BBUS holdings⁠All 2,441 ITOT 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 ITOT Cost

Overpaying ITOT vs BBUS

$212

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

BBUS 0.02%
$426
ITOT 0.03%
$638

Amount$10,000

Years30 years

Cost over time

BBUS 0.02%
ITOT 0.03%
Overpaying

Year by year

Year	BBUS	ITOT	Overpaying
10	$37	$55	$18
20	$144	$216	$72
30	$426	$638	$212

Expense ratio

0.02%BBUS, cheaper
0.03%ITOT

BBUS0.02%ITOT0.03%

0.02%0.25%

Middle half of Total US Market funds
Median 0.04%

BBUS cheapest of 10 funds

ITOT 2nd cheapest of 10 funds

BBUS vs ITOT Dividends

Last 12 months to Nov 3, 2026

Yield (12M): BBUS 1.01%; ITOT 1.02%, better
Payout (12M): BBUS $1.37; ITOT $1.69
Last payment: BBUS $0.35; ITOT $0.45
Ex-dividend: BBUS Sep 22, 2026; ITOT Sep 15, 2026
Paid on: BBUS Sep 24, 2026; ITOT Sep 18, 2026
Frequency: BBUS Quarterly; ITOT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BBUSQuarterly · 30 paymentsAll BBUS payments⁠

ITOTQuarterly · 40 paymentsAll ITOT payments⁠

BBUS vs ITOT Risk

Fall from peak · 5 years

BBUS
ITOT

Risk facts

VolatilityStd dev, 3 years: BBUS 12.5%, betterITOT 12.7%
Return per unit of riskSharpe ratio, 3 years: BBUS 1.39, betterITOT 1.36
Worst fallMax drawdown, 5 years: BBUS −25.5%ITOT −25.4%, better
Market sensitivityBeta, 5 years: BBUS 1.02ITOT 1.02; Market = 1

BBUS and ITOT in the news

All news⁠

Best ETFs
The best S&P 500 ETF costs 0.02%. Equal weight is a different bet
Updated Nov 2, 2026ITOT
Head-to-Head
ITOT is the better U.S. stock fund than DFAC
Oct 26, 2026ITOT
Best ETFs
The cheap S&P 500 funds tied this year. Equal weight did not.
Updated Oct 2, 2026ITOT

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BBUS vs ITOT

In short

Stated mandate

Why people hold it