AHYB vs. BBHY
AHYB (American Century Select High Yield ETF) and BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - AHYB tracks the ICE BofA US High Yield Constrained (BB) while BBHY tracks the ICE BofA US High Yield Index. Both are passively managed. Over the past 3 years, AHYB returned 8.04%/yr vs 8.76%/yr for BBHY. With a 0.96 correlation, they move nearly in lockstep. AHYB charges 0.45%/yr vs 0.15%/yr for BBHY.
Performance
AHYB vs. BBHY - Performance Comparison
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Returns By Period
In the year-to-date period, AHYB achieves a 1.31% return, which is significantly lower than BBHY's 1.73% return.
AHYB
- 1D
- 0.18%
- 1M
- 0.40%
- YTD
- 1.31%
- 6M
- 2.00%
- 1Y
- 6.50%
- 3Y*
- 8.04%
- 5Y*
- —
- 10Y*
- —
BBHY
- 1D
- 0.15%
- 1M
- 0.49%
- YTD
- 1.73%
- 6M
- 2.18%
- 1Y
- 7.10%
- 3Y*
- 8.76%
- 5Y*
- 4.12%
- 10Y*
- —
AHYB vs. BBHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AHYB American Century Select High Yield ETF | 1.31% | 8.96% | 6.32% | 11.69% | -10.26% | 0.84% |
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 1.73% | 8.51% | 7.81% | 11.98% | -10.37% | 1.14% |
Correlation
The correlation between AHYB and BBHY is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2021 | 0.96 |
The correlation between AHYB and BBHY has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.
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Return for Risk
AHYB vs. BBHY — Risk / Return Rank
AHYB
BBHY
AHYB vs. BBHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Select High Yield ETF (AHYB) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AHYB | BBHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 3.00 | -0.29 |
| Martin ratioReturn relative to average drawdown | 12.65 | 13.50 | -0.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AHYB | BBHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 1.97 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.64 | -0.10 |
Drawdowns
AHYB vs. BBHY - Drawdown Comparison
The maximum AHYB drawdown since its inception was -14.76%, smaller than the maximum BBHY drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for AHYB and BBHY.
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Drawdown Indicators
| AHYB | BBHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.76% | -24.98% | +10.22% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -2.37% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -3.89% | -5.00% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.32% | — |
Current DrawdownCurrent decline from peak | -0.13% | -0.14% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -2.37% | -1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 0.53% | -0.01% |
Volatility
AHYB vs. BBHY - Volatility Comparison
The current volatility for American Century Select High Yield ETF (AHYB) is 1.05%, while JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) has a volatility of 1.13%. This indicates that AHYB experiences smaller price fluctuations and is considered to be less risky than BBHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AHYB | BBHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 1.13% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.57% | 2.85% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 3.62% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.14% | 7.26% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.14% | 7.53% | -0.39% |
AHYB vs. BBHY - Expense Ratio Comparison
AHYB has a 0.45% expense ratio, which is higher than BBHY's 0.15% expense ratio.
Dividends
AHYB vs. BBHY - Dividend Comparison
AHYB's dividend yield for the trailing twelve months is around 6.00%, less than BBHY's 6.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AHYB American Century Select High Yield ETF | 6.00% | 5.80% | 5.87% | 5.28% | 5.06% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 6.94% | 7.24% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% |
Frequently Asked Questions
AHYB and BBHY have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBHY has higher volatility (1.13%) compared to AHYB (1.05%). In terms of maximum drawdown, AHYB dropped -14.76% vs BBHY's -24.98%.
On 3-year performance, BBHY leads with 8.76% vs 8.04% for AHYB. On fees, BBHY is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BBHY has performed better with a 8.76% return vs 8.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBHY is cheaper with a 0.15% expense ratio, compared with 0.45% for AHYB.
BBHY has the higher dividend yield at 6.94%, compared with 6.00% for AHYB.
AHYB tracks ICE BofA US High Yield Constrained (BB), while BBHY tracks ICE BofA US High Yield Index. They also come from different issuers: American Century and JPMorgan. Their fees differ too: 0.45% for AHYB and 0.15% for BBHY.
BBHY currently has the higher Sharpe Ratio (1.97 vs 1.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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