BBAG vs. PIFI
BBAG (JPMorgan BetaBuilders U.S. Aggregate Bond ETF) and PIFI (ClearShares Piton Intermediate Fixed Income ETF) are both Intermediate Core Bond funds. BBAG is passively managed, while PIFI is actively managed. Over the past 5 years, BBAG returned -0.01%/yr vs 1.02%/yr for PIFI. Their correlation of 0.92 suggests significant overlap in exposure. BBAG charges 0.03%/yr vs 0.45%/yr for PIFI.
Performance
BBAG vs. PIFI - Performance Comparison
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Returns By Period
In the year-to-date period, BBAG achieves a 0.17% return, which is significantly higher than PIFI's -0.13% return.
BBAG
- 1D
- -0.23%
- 1M
- 0.21%
- YTD
- 0.17%
- 6M
- 0.02%
- 1Y
- 5.12%
- 3Y*
- 3.86%
- 5Y*
- -0.01%
- 10Y*
- —
PIFI
- 1D
- -0.15%
- 1M
- -0.05%
- YTD
- -0.13%
- 6M
- -0.14%
- 1Y
- 3.48%
- 3Y*
- 3.73%
- 5Y*
- 1.02%
- 10Y*
- —
BBAG vs. PIFI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF | 0.17% | 7.27% | 1.26% | 5.41% | -13.26% | -1.79% | 0.68% |
PIFI ClearShares Piton Intermediate Fixed Income ETF | -0.13% | 6.29% | 2.52% | 4.61% | -7.15% | -1.33% | 0.10% |
Correlation
The correlation between BBAG and PIFI is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2020 | 0.92 |
The correlation between BBAG and PIFI has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
BBAG vs. PIFI — Risk / Return Rank
BBAG
PIFI
BBAG vs. PIFI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) and ClearShares Piton Intermediate Fixed Income ETF (PIFI). 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 | PIFI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.81 | +0.04 |
| Martin ratioReturn relative to average drawdown | 5.54 | 5.24 | +0.30 |
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
| BBAG | PIFI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.34 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.28 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.22 | +0.10 |
Drawdowns
BBAG vs. PIFI - Drawdown Comparison
The maximum BBAG drawdown since its inception was -18.73%, which is greater than PIFI's maximum drawdown of -10.59%. Use the drawdown chart below to compare losses from any high point for BBAG and PIFI.
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Drawdown Indicators
| BBAG | PIFI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.73% | -10.59% | -8.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -1.93% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -6.18% | -2.75% | -3.43% |
Max Drawdown (5Y)Largest decline over 5 years | -18.06% | -10.41% | -7.65% |
Current DrawdownCurrent decline from peak | -2.84% | -1.45% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -3.23% | -2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.66% | +0.27% |
Volatility
BBAG vs. PIFI - Volatility Comparison
JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) has a higher volatility of 1.24% compared to ClearShares Piton Intermediate Fixed Income ETF (PIFI) at 0.81%. This indicates that BBAG's price experiences larger fluctuations and is considered to be riskier than PIFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBAG | PIFI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 0.81% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 1.83% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 2.61% | +1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 3.66% | +2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.80% | 3.48% | +2.32% |
BBAG vs. PIFI - Expense Ratio Comparison
BBAG has a 0.03% expense ratio, which is lower than PIFI's 0.45% expense ratio.
Dividends
BBAG vs. PIFI - Dividend Comparison
BBAG's dividend yield for the trailing twelve months is around 4.37%, more than PIFI's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF | 4.37% | 4.29% | 4.25% | 3.60% | 2.23% | 1.44% | 2.26% | 2.92% | 0.16% |
PIFI ClearShares Piton Intermediate Fixed Income ETF | 3.76% | 3.16% | 2.92% | 2.29% | 1.22% | 0.25% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, BBAG and PIFI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BBAG has higher volatility (1.24%) compared to PIFI (0.81%). In terms of maximum drawdown, BBAG dropped -18.73% vs PIFI's -10.59%.
On 5-year performance, PIFI leads with 1.02% vs -0.01% for BBAG. On fees, BBAG is cheaper at 0.03% per year. On volatility, PIFI has been the lower-risk option at 0.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PIFI has performed better with a 1.02% return vs -0.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBAG is cheaper with a 0.03% expense ratio, compared with 0.45% for PIFI.
BBAG has the higher dividend yield at 4.37%, compared with 3.76% for PIFI.
They also come from different issuers: JPMorgan and ClearShares. Their fees differ too: 0.03% for BBAG and 0.45% for PIFI.
PIFI currently has the higher Sharpe Ratio (1.34 vs 1.31), 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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