BBAG vs. MAGG

Last updated Apr 1, 2026

Compare and contrast key facts about JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) and Madison Aggregate Bond ETF (MAGG).

BBAG and MAGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBAG is a passively managed fund by JPMorgan that tracks the performance of the Bloomberg US Aggregate Bond Index. It was launched on Dec 12, 2018. MAGG is an actively managed fund by Madison. It was launched on Aug 28, 2023.

Performance

BBAG vs. MAGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) and Madison Aggregate Bond ETF (MAGG). The values are adjusted to include any dividend payments, if applicable.

BBAG vs. MAGG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	0.11%	7.27%	1.26%	4.01%
MAGG Madison Aggregate Bond ETF	-0.07%	7.28%	1.81%	4.42%

Returns By Period

In the year-to-date period, BBAG achieves a 0.11% return, which is significantly higher than MAGG's -0.07% return.

BBAG

• 1D: 0.30%
• 1M: -1.73%
• YTD: 0.11%
• 6M: 1.03%
• 1Y: 4.51%
• 3Y*: 3.61%
• 5Y*: 0.15%
• 10Y*: —

MAGG

• 1D: 0.24%
• 1M: -1.74%
• YTD: -0.07%
• 6M: 1.21%
• 1Y: 4.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBAG vs. MAGG - Expense Ratio Comparison

BBAG has a 0.03% expense ratio, which is lower than MAGG's 0.40% expense ratio.

MAGG

Madison Aggregate Bond ETF

BBAG

JPMorgan BetaBuilders U.S. Aggregate Bond ETF

Return for Risk

BBAG vs. MAGG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBAG

BBAG Risk / Return Rank: 56
BBAG Sharpe Ratio Rank: 58
BBAG Sortino Ratio Rank: 54
BBAG Omega Ratio Rank: 48
BBAG Calmar Ratio Rank: 70
BBAG Martin Ratio Rank: 50

MAGG

MAGG Risk / Return Rank: 58
MAGG Sharpe Ratio Rank: 58
MAGG Sortino Ratio Rank: 58
MAGG Omega Ratio Rank: 50
MAGG Calmar Ratio Rank: 74
MAGG Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBAG vs. MAGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) and Madison Aggregate Bond ETF (MAGG). 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.

	BBAG	MAGG	Difference
Sharpe ratio Return per unit of total volatility	1.01	1.06	-0.05
Sortino ratio Return per unit of downside risk	1.43	1.54	-0.11
Omega ratio Gain probability vs. loss probability	1.18	1.19	-0.01
Calmar ratio Return relative to maximum drawdown	1.81	1.98	-0.17
Martin ratio Return relative to average drawdown	4.90	5.09	-0.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBAG vs. MAGG - Sharpe Ratio Comparison

The current BBAG Sharpe Ratio is 1.01, which is comparable to the MAGG Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of BBAG and MAGG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BBAG	MAGG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	1.06	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	1.08	-0.76

Correlation

The correlation between BBAG and MAGG is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BBAG vs. MAGG - Dividend Comparison

BBAG's dividend yield for the trailing twelve months is around 4.32%, less than MAGG's 4.74% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	4.32%	4.29%	4.25%	3.60%	2.23%	1.44%	2.26%	2.92%	0.16%
MAGG Madison Aggregate Bond ETF	4.74%	4.80%	5.13%	1.49%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

BBAG vs. MAGG - Drawdown Comparison

The maximum BBAG drawdown since its inception was -18.73%, which is greater than MAGG's maximum drawdown of -4.56%. Use the drawdown chart below to compare losses from any high point for BBAG and MAGG.

Drawdown Indicators

	BBAG	MAGG	Difference
Max Drawdown Largest peak-to-trough decline	-18.73%	-4.56%	-14.17%
Max Drawdown (1Y) Largest decline over 1 year	-2.61%	-2.53%	-0.08%
Max Drawdown (5Y) Largest decline over 5 years	-18.06%	—	—
Current Drawdown Current decline from peak	-2.90%	-1.74%	-1.16%
Average Drawdown Average peak-to-trough decline	-6.31%	-1.24%	-5.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	0.98%	-0.02%

Volatility

BBAG vs. MAGG - Volatility Comparison

JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) has a higher volatility of 1.83% compared to Madison Aggregate Bond ETF (MAGG) at 1.54%. This indicates that BBAG's price experiences larger fluctuations and is considered to be riskier than MAGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBAG	MAGG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.83%	1.54%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	2.71%	2.99%	-0.28%
Volatility (1Y) Calculated over the trailing 1-year period	4.47%	4.50%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.91%	4.82%	+1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.84%	4.82%	+1.02%