BBUS vs IWV: Grades, Fees and Holdings Compared

JPMorgan BetaBuilders U.S. Equity ETF

BBUSBCboe

iShares Russell 3000 ETF

IWVBNYSE Arca

Overlap

88.2%by weight

Expense ratio

BBUS −0.18pt a year

BBUS0.02%IWV0.20%

Avg volume · 30D

BBUS 1.2×the volume

BBUS227KIWV191K

5Y return · a year

BBUS +0.7pt

BBUS+11.1%IWV+10.4%

BBUS vs IWV Performance

Nov 9, 2021 – Nov 9, 2026

+69.0%BBUS+63.9%IWV

Expense ratio: BBUS 0.02%, better; IWV 0.20%
Fund size: BBUS $9.42B; IWV $19.7B
1Y total return: BBUS +12.8%; IWV +13.5%, better
Yield (12M): BBUS 1.01%, better; IWV 0.88%
Holdings: BBUS 471; IWV 2583
Avg volume (30D): BBUS 227K sh, better; IWV 191K sh
NAV per share: BBUS $132.42; IWV $417.86
52W range

ETF.net Grade

Pillar letters and Scores for BBUS, IWV, with each pillar’s weight
Pillar	BBUS	IWV
Cost30% weight	A96Higher	D29
Mission25% weight	A98	A100Higher
Risk15% weight	C41	C48Higher
Tradability15% weight	D35	B55Higher
Holdings10% weight	D36	A80Higher
Durability5% weight	D28	A73Higher

Rank among Total US Market funds

How we build Categories ›

Same Category. BBUS and IWV 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 IWV 7th of 10 funds in the Total US Market Category.

Rank 3AVTIVanguard Morningstar Total Stock Market ETFScore 73
Rank 5BBBUSJPMorgan BetaBuilders U.S. Equity ETFScore 69
Rank 6BDFUSDimensional U.S. Equity ETFScore 65
Rank 7BIWViShares Russell 3000 ETFScore 60
Rank 8BVTHRVanguard Russell 3000 ETFScore 59

Our read on each fund

ETF.net Research

BBUSBJPMorgan BetaBuilders U.S. Equity ETF

IWVBiShares Russell 3000 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.

IWV One of the first ETFs to put the entire US stock market in a single ticker, live since 2000 and still hugging the Russell 3000. The trade-off is a legacy price tag: newer total-market rivals cost a fraction of it.

Stated mandate

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

IWV The fund seeks to track a broad U.S. equity-market index, the Russell 3000 Index.

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.

IWV Trading since 2000, one of the original whole-market wrappers, and it still holds the Russell 3000 top to bottom: mega caps down to small caps in one line item.
Tracking is its strong suit. It has followed the Russell 3000 about as tightly as anything in the total-US-market group.
A multi-billion-dollar fund with steady day-to-day volume, so getting a fill is rarely the hard part.
Boring by design: a plain 1940 Act index fund holding US stocks, mailing out cash 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.

IWV The fee is the story. At 0.20% a year it runs well above the typical total-market ETF, and VTHR tracks the same Russell 3000 index for 0.06%.
VTI, ITOT and SCHB deliver comparable whole-market coverage at 0.03%. You are paying up for the Russell build, not for broader reach.
Straight equity beta: no buffer, no hedge, no cushion. When the US market drops, this drops with it.

Full BBUS profile⁠

Full IWV profile⁠

BBUS vs IWV Holdings

How BBUS and IWV differ

Overlap by weight

88.2%

Shared holdings make up 98.4% of BBUS and 88.2% of IWV.

Level by level

Holdings455 in both88.2%
Sector11 Sectors95.1%
Countryby domicile97.8%
Asset classStocks100%

Sector

Sector weights in BBUS and IWV, widest gap first
Sector	Gap	BBUS	IWV
Technology	BBUS +4.5 points	38.4%	33.9%
Health Care	IWV +1.1 points	10.1%	11.2%
Financials	IWV +1.0 points	12.0%	13.0%
Consumer Discretionary	IWV +0.8 points	9.1%	9.9%
Real Estate	IWV +0.7 points	1.6%	2.4%
Industrials	IWV +0.6 points	8.0%	8.6%
Materials	IWV +0.4 points	1.6%	2.0%
Energy	BBUS +0.3 points	4.0%	3.7%
Consumer Staples	IWV +0.1 points	4.8%	4.9%
Communication	BBUS +0.1 points	8.4%	8.4%
Utilities	Same weight	2.1%	2.1%

Country, concentration and asset class

Country by domicile

Country weights in BBUS and IWV, widest gap first
Country	Gap	BBUS	IWV
United States	IWV +2.0 points	97.4%	99.4%
Ireland	BBUS +1.3 points	1.3%	0.0%
Other countries (13)	BBUS +0.6 points	1.2%	0.6%

Concentration

Weight in the 10 largest Holdings

BBUS37.2%
IWV33.4%

Securities held

BBUS468
IWV2,580

Asset class

BBUS: Stocks
IWV: Stocks

Holdings

Only in BBUS13
In both455
Only in IWV2,125

Only in BBUS

13 securities, 1.6% of BBUS by weight

JPMorgan U.s. Government0.65%
Seagate Technology0.16%
Elevance Health Inc0.14%
Trane Technologies PLC0.14%
Mercadolibre Inc Common0.11%
Nxp Semiconductors NV0.09%
Te Connectivity PLC0.09%
Block Inc Common Stock0.07%
Fiserv Inc Common Stock0.05%
Steris PLC Common Stock0.04%
Flutter Entertainment PLC0.02%
Vivmark Residential Reit0.01%
Tpg Inc Right USD0.00%

Only in IWV

2,125 securities, 11.7% of IWV by weight

Spotify Technology0.13%
Moderna0.13%
Elevance Health Inc0.13%
Trane Technologies PLC0.12%
Vivmark Residential0.07%
Anglogold Ashanti PLC0.07%
Block Class A0.06%
Natera0.06%
Nu Holdings Class A0.06%
Revolution Medicines0.05%
Cboe Global Markets0.05%
Fiserv Inc0.05%
Williams Sonoma Inc0.04%
Okta Class A0.04%
Tapestry0.04%
Restaurants Brands International0.04%
Caseys General Stores Inc0.04%
Technipfmc PLC0.03%
Atlassian Corp Class A0.03%
Qnity Electronics0.03%
United Therapeutics0.03%
Steris0.03%
Ati0.03%
Viatris0.03%
Us Foods Holding0.03%
Tenet Healthcare Corp0.03%
Royal Gold0.03%
Reliance Steel & Aluminum0.03%
Roku Class A0.03%
Brookfield Asset Management Voting0.03%
Roivant Sciences Ltd0.03%
Xpo0.03%
Guardant Health0.03%
Skyworks Solutions0.03%
Best Buy0.03%
Affirm Holdings Class A0.03%
Woodward0.03%
Unity Software0.03%
Sharkninja0.03%
Ftai Aviation0.03%
Cf Industries Holdings Inc0.03%
Itt Inc0.03%
Ball Corp0.03%
Jones Lang Lasalle0.02%
Stanley Black & Decker0.02%
Curtiss Wright0.02%
Rb Global0.02%
Exelixis Inc0.02%
Revvity0.02%
Host Hotels & Resorts Reit0.02%

Weight gaps

The 100 widest of 455 Holdings in both funds.

Holding weights in BBUS and IWV, widest gap first
Holding	Gap	BBUS	IWV
Apple Inc Common StockAAPL	BBUS +0.85 points	7.84%	6.99%
NVIDIA Corp Common StockNVDA	BBUS +0.67 points	6.82%	6.15%
Microsoft Corp CommonMSFT	BBUS +0.62 points	6.19%	5.57%
Amazon.com Inc CommonAMZN	BBUS +0.46 points	4.01%	3.55%
Space ExplorationSPCX	BBUS +0.30 points	0.42%	0.12%
Alphabet Inc-Cl A -GOOGL	BBUS +0.28 points	2.62%	2.34%
Broadcom Inc CommonAVGO	BBUS +0.22 points	2.15%	1.93%
Meta Platforms Inc CommonMETA	BBUS +0.22 points	2.11%	1.89%
Alphabet Inc-Cl C -GOOG	BBUS +0.21 points	2.12%	1.91%
Eli Lilly and CompanyLLY	BBUS +0.17 points	1.70%	1.53%
Berkshire Hathaway IncBRK.B	BBUS +0.15 points	1.65%	1.50%
JPMorgan Chase & CoJPM	BBUS +0.13 points	1.39%	1.26%
Micron Technology IncMU	BBUS +0.12 points	1.22%	1.10%
Visa Inc Common Stock USDV	BBUS +0.12 points	1.13%	1.01%
Advanced Micro DevicesAMD	BBUS +0.12 points	1.15%	1.03%
Tesla Inc Common StockTSLA	BBUS +0.11 points	1.59%	1.48%
Exxonmobil Holdings CorpXOM	BBUS +0.11 points	1.07%	0.96%
Johnson & Johnson CommonJNJ	BBUS +0.11 points	1.05%	0.94%
Walmart Inc Common StockWMT	BBUS +0.08 points	0.86%	0.78%
Mastercard Inc CommonMA	BBUS +0.08 points	0.82%	0.74%
AbbVie Inc Common StockABBV	BBUS +0.08 points	0.81%	0.73%
Costco Wholesale CorpCOST	BBUS +0.07 points	0.73%	0.66%
Chevron Corp Common StockCVX	BBUS +0.06 points	0.62%	0.56%
The Coca-Cola CompanyKO	BBUS +0.06 points	0.59%	0.53%
The Procter & GamblePG	BBUS +0.06 points	0.60%	0.54%
Cisco Systems Inc CommonCSCO	BBUS +0.06 points	0.58%	0.52%
Palantir Technologies IncPLTR	BBUS +0.06 points	0.56%	0.50%
Merck & Co Inc CommonMRK	BBUS +0.06 points	0.57%	0.51%
General Electric CoGE	BBUS +0.06 points	0.53%	0.47%
Home Depot Inc/The CommonHD	BBUS +0.06 points	0.54%	0.48%
UnitedHealth Group IncUNH	BBUS +0.06 points	0.56%	0.50%
Morgan Stanley DeanMS	BBUS +0.05 points	0.34%	0.29%
Bank of America CorpBAC	BBUS +0.05 points	0.50%	0.45%
Intel Corp Common StockINTC	BBUS +0.05 points	0.41%	0.36%
Philip MorrisPM	BBUS +0.04 points	0.48%	0.44%
Caterpillar Inc CommonCAT	BBUS +0.04 points	0.40%	0.36%
Palo Alto Networks IncPANW	BBUS +0.04 points	0.40%	0.36%
Netflix Inc Common StockNFLX	BBUS +0.04 points	0.41%	0.37%
Goldman Sachs GroupGS	BBUS +0.05 points	0.40%	0.35%
Applied Materials IncAMAT	BBUS +0.04 points	0.41%	0.37%
Texas Instruments IncTXN	BBUS +0.04 points	0.40%	0.36%
Rtx CorpRTX	BBUS +0.04 points	0.40%	0.36%
Lam Research Corp CommonLRCX	BBUS +0.04 points	0.39%	0.35%
Wells Fargo & Co CommonWFC	BBUS +0.04 points	0.40%	0.36%
Amgen Inc Common StockAMGN	BBUS +0.04 points	0.39%	0.35%
Thermo Fisher ScientificTMO	BBUS +0.04 points	0.40%	0.36%
International BusinessIBM	BBUS +0.03 points	0.36%	0.33%
Linde PLC Common StockLIN	BBUS +0.03 points	0.37%	0.34%
Applovin Corp CommonAPP	BBUS +0.04 points	0.17%	0.13%
Gilead Sciences IncGILD	BBUS +0.04 points	0.33%	0.29%
Citigroup Inc CommonC	BBUS +0.03 points	0.31%	0.28%
Pepsico Inc Common StockPEP	BBUS +0.03 points	0.30%	0.27%
Ge Vernova Inc CommonGEV	BBUS +0.03 points	0.32%	0.29%
Mcdonald's Corp CommonMCD	BBUS +0.03 points	0.31%	0.28%
Crowdstrike Holdings IncCRWD	BBUS +0.03 points	0.34%	0.31%
Abbott LaboratoriesABT	BBUS +0.03 points	0.30%	0.27%
The Walt Disney CompanyDIS	BBUS +0.03 points	0.32%	0.29%
American Express CoAXP	BBUS +0.03 points	0.27%	0.24%
Qualcomm Inc Common StockQCOM	BBUS +0.03 points	0.28%	0.25%
AT&T Inc Common Stock USDT	BBUS +0.03 points	0.23%	0.20%
Boeing Co/The CommonBA	BBUS +0.02 points	0.21%	0.19%
Kla Corp Common Stock USDKLAC	BBUS +0.02 points	0.28%	0.26%
Analog Devices Inc CommonADI	BBUS +0.03 points	0.28%	0.25%
Welltower IncWELL	BBUS +0.03 points	0.28%	0.25%
Verizon CommunicationsVZ	BBUS +0.03 points	0.30%	0.27%
Nextera Energy Inc CommonNEE	BBUS +0.02 points	0.28%	0.26%
Salesforce.com Inc.CRM	BBUS +0.03 points	0.27%	0.24%
Deere & Co Common StockDE	BBUS +0.03 points	0.26%	0.23%
Amphenol Corp CommonAPH	BBUS +0.03 points	0.29%	0.26%
Pfizer Inc Common StockPFE	BBUS +0.02 points	0.26%	0.24%
Union Pacific Corp CommonUNP	BBUS +0.03 points	0.27%	0.24%
Stryker Corp Common StockSYK	BBUS +0.03 points	0.19%	0.16%
Danaher Corp Common StockDHR	BBUS +0.02 points	0.23%	0.21%
Intuitive Surgical IncISRG	BBUS +0.02 points	0.25%	0.23%
Arista Networks IncANET	BBUS +0.03 points	0.28%	0.25%
Accenture PLC CommonACN	BBUS +0.02 points	0.25%	0.23%
Tjx Cos Inc/The CommonTJX	BBUS +0.02 points	0.23%	0.21%
Capital One FinancialCOF	BBUS +0.02 points	0.19%	0.17%
Chubb Ltd Common StockCB	BBUS +0.02 points	0.20%	0.18%
Conocophillips CommonCOP	BBUS +0.03 points	0.26%	0.23%
Charles Schwab Corp/TheSCHW	BBUS +0.02 points	0.23%	0.21%
S&P Global Inc CommonSPGI	BBUS +0.03 points	0.22%	0.19%
Vertex PharmaceuticalsVRTX	BBUS +0.02 points	0.22%	0.20%
Uber Technologies IncUBER	BBUS +0.02 points	0.21%	0.19%
Western Digital CorpWDC	BBUS +0.02 points	0.15%	0.13%
Oracle Corp Common StockORCL	BBUS +0.02 points	0.31%	0.29%
Eaton Corp PLC CommonETN	BBUS +0.02 points	0.21%	0.19%
Medtronic PLC CommonMDT	BBUS +0.03 points	0.20%	0.18%
Newmont Corp Common StockNEM	BBUS +0.02 points	0.20%	0.18%
Progressive Corp/ThePGR	BBUS +0.02 points	0.21%	0.19%
Prologis Inc Reit USDPLD	BBUS +0.02 points	0.19%	0.17%
Lowe's Cos Inc CommonLOW	BBUS +0.02 points	0.20%	0.18%
Bristol-Myers Squibb CoBMY	BBUS +0.02 points	0.20%	0.18%
Altria Group Inc CommonMO	BBUS +0.02 points	0.20%	0.18%
Constellation EnergyCEG	BBUS +0.02 points	0.13%	0.11%
Marvell Technology IncMRVL	BBUS +0.02 points	0.19%	0.17%
Mckesson Corp CommonMCK	BBUS +0.01 points	0.19%	0.18%
Sandisk Corp Common StockSNDK	BBUS +0.02 points	0.19%	0.17%
Starbucks Corp CommonSBUX	BBUS +0.02 points	0.19%	0.17%
Automatic Data ProcessingADP	BBUS +0.02 points	0.19%	0.17%

All 469 BBUS holdings⁠All 2,588 IWV 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 IWV Cost

Overpaying IWV vs BBUS

$3,729

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

BBUS 0.02%
$426
IWV 0.20%
$4,155

Amount$10,000

Years30 years

Cost over time

BBUS 0.02%
IWV 0.20%
Overpaying

Year by year

Year	BBUS	IWV	Overpaying
10	$37	$365	$328
20	$144	$1,421	$1,277
30	$426	$4,155	$3,729

Expense ratio

0.02%BBUS, cheaper
0.20%IWV

BBUS0.02%IWV0.20%

0.02%0.25%

Middle half of Total US Market funds
Median 0.04%

BBUS cheapest of 10 funds

IWV 8th cheapest of 10 funds

BBUS vs IWV Dividends

Last 12 months to Nov 9, 2026

Yield (12M): BBUS 1.01%, better; IWV 0.88%
Payout (12M): BBUS $1.37; IWV $3.79
Last payment: BBUS $0.35; IWV $1.00
Ex-dividend: BBUS Sep 22, 2026; IWV Sep 15, 2026
Paid on: BBUS Sep 24, 2026; IWV Sep 18, 2026
Frequency: BBUS Quarterly; IWV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BBUSQuarterly · 30 paymentsAll BBUS payments⁠

IWVQuarterly · 39 paymentsAll IWV payments⁠

BBUS vs IWV Risk

Fall from peak · 5 years

BBUS
IWV

Risk facts

VolatilityStd dev, 3 years: BBUS 12.5%, betterIWV 12.6%
Return per unit of riskSharpe ratio, 3 years: BBUS 1.39, betterIWV 1.36
Worst fallMax drawdown, 5 years: BBUS −25.5%IWV −25.1%, better
Market sensitivityBeta, 5 years: BBUS 1.02IWV 1.02; Market = 1

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