BBAG vs. TAGG

Last updated Jun 3, 2026

BBAG (JPMorgan BetaBuilders U.S. Aggregate Bond ETF) and TAGG (T. Rowe Price QM U.S. Bond ETF) are both Intermediate Core Bond funds. BBAG is passively managed, while TAGG is actively managed. Over the past 3 years, BBAG returned 3.94%/yr vs 4.31%/yr for TAGG. Their correlation of 0.93 suggests significant overlap in exposure. BBAG charges 0.03%/yr vs 0.08%/yr for TAGG.

Performance

BBAG vs. TAGG - Performance Comparison

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

Returns By Period

In the year-to-date period, BBAG achieves a 0.41% return, which is significantly higher than TAGG's 0.34% return.

BBAG

• 1D: 0.03%
• 1M: 0.09%
• YTD: 0.41%
• 6M: 0.50%
• 1Y: 5.25%
• 3Y*: 3.94%
• 5Y*: 0.10%
• 10Y*: —

TAGG

• 1D: 0.05%
• 1M: 0.10%
• YTD: 0.34%
• 6M: 0.55%
• 1Y: 5.37%
• 3Y*: 4.31%
• 5Y*: —
• 10Y*: —

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

BBAG vs. TAGG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	0.41%	7.27%	1.26%	5.41%	-13.26%	-0.10%
TAGG T. Rowe Price QM U.S. Bond ETF	0.34%	7.40%	1.73%	5.72%	-12.63%	0.01%

Correlation

The correlation between BBAG and TAGG is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021	0.93

The correlation between BBAG and TAGG has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

BBAG vs. TAGG - Sectors Allocation Comparison

Sectors	BBAG	TAGG
Communication Services	46.6%	15.2%
Technology	12.0%	52.7%
Real Estate	6.8%	0.2%
Financial Services	6.5%	0.6%
Healthcare	2.6%	5.0%
Utilities	2.3%	1.3%
Consumer Cyclical	1.6%	14.3%
Industrials	1.6%	3.5%
Energy	1.2%	0.6%
Consumer Defensive	1.0%	5.5%
Basic Materials	0.5%	1.3%

Return for Risk

BBAG vs. TAGG — Risk / Return Rank

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

BBAG

BBAG Risk / Return Rank: 37
BBAG Sharpe Ratio Rank: 38
BBAG Sortino Ratio Rank: 39
BBAG Omega Ratio Rank: 36
BBAG Calmar Ratio Rank: 36
BBAG Martin Ratio Rank: 35

TAGG

TAGG Risk / Return Rank: 37
TAGG Sharpe Ratio Rank: 39
TAGG Sortino Ratio Rank: 41
TAGG Omega Ratio Rank: 39
TAGG Calmar Ratio Rank: 32
TAGG Martin Ratio Rank: 32

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. TAGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) and T. Rowe Price QM U.S. Bond ETF (TAGG). 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	TAGG	Difference
Sharpe ratio Return per unit of total volatility	1.35	1.41	-0.06
Sortino ratio Return per unit of downside risk	2.02	2.10	-0.08
Omega ratio Gain probability vs. loss probability	1.24	1.26	-0.02
Calmar ratio Return relative to maximum drawdown	1.82	1.62	+0.20
Martin ratio Return relative to average drawdown	5.50	4.84	+0.66
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. TAGG - Sharpe Ratio Comparison

The current BBAG Sharpe Ratio is 1.35, which is comparable to the TAGG Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of BBAG and TAGG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBAG	TAGG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	1.41	-0.06
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	0.04	+0.28

Drawdowns

BBAG vs. TAGG - Drawdown Comparison

The maximum BBAG drawdown since its inception was -18.73%, which is greater than TAGG's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for BBAG and TAGG.

Drawdown Indicators

	BBAG	TAGG	Difference
Max Drawdown Largest peak-to-trough decline	-18.73%	-17.26%	-1.47%
Max Drawdown (1Y) Largest decline over 1 year	-2.78%	-3.19%	+0.41%
Max Drawdown (3Y) Largest decline over 3 years	-6.18%	-6.40%	+0.22%
Max Drawdown (5Y) Largest decline over 5 years	-18.06%	—	—
Current Drawdown Current decline from peak	-2.62%	-1.87%	-0.75%
Average Drawdown Average peak-to-trough decline	-6.22%	-6.87%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	1.07%	-0.15%

Volatility

BBAG vs. TAGG - Volatility Comparison

JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) and T. Rowe Price QM U.S. Bond ETF (TAGG) have volatilities of 1.27% and 1.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBAG	TAGG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.27%	1.21%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	2.85%	2.73%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	3.92%	3.83%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.92%	6.53%	-0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.80%	6.53%	-0.73%

BBAG vs. TAGG - Expense Ratio Comparison

BBAG has a 0.03% expense ratio, which is lower than TAGG's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BBAG vs. TAGG - Dividend Comparison

BBAG's dividend yield for the trailing twelve months is around 4.36%, less than TAGG's 4.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	4.36%	4.29%	4.25%	3.60%	2.23%	1.44%	2.26%	2.92%	0.16%
TAGG T. Rowe Price QM U.S. Bond ETF	4.57%	4.36%	4.36%	3.48%	3.67%	0.33%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBAG and TAGG in my portfolio?

With a correlation of 0.91, BBAG and TAGG 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.

Which is riskier, BBAG or TAGG?

BBAG has higher volatility (1.27%) compared to TAGG (1.21%). In terms of maximum drawdown, BBAG dropped -18.73% vs TAGG's -17.26%.

Which ETF is better, BBAG or TAGG?

On 3-year performance, TAGG leads with 4.31% vs 3.94% for BBAG. On fees, BBAG is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBAG or TAGG?

Over the 3-year period, TAGG has performed better with a 4.31% return vs 3.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBAG or TAGG?

BBAG is cheaper with a 0.03% expense ratio, compared with 0.08% for TAGG.

Which ETF pays a higher dividend yield, BBAG or TAGG?

TAGG has the higher dividend yield at 4.57%, compared with 4.36% for BBAG.

What is the main difference between BBAG and TAGG?

They also come from different issuers: JPMorgan and T. Rowe Price. Their fees differ too: 0.03% for BBAG and 0.08% for TAGG.

Which has better risk-adjusted returns?

TAGG currently has the higher Sharpe Ratio (1.41 vs 1.35), 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.