BBAG vs. TFLR

Last updated Jun 4, 2026

BBAG (JPMorgan BetaBuilders U.S. Aggregate Bond ETF) and TFLR (T. Rowe Price Floating Rate ETF) are both exchange-traded funds - BBAG is a Intermediate Core Bond fund tracking the Bloomberg US Aggregate Bond Index, while TFLR is a Bank Loan fund actively managed by T. Rowe Price. BBAG is passively managed, while TFLR is actively managed. Over the past 3 years, BBAG returned 3.86%/yr vs 8.12%/yr for TFLR. At a 0.07 correlation, their price movements are largely independent. BBAG charges 0.03%/yr vs 0.60%/yr for TFLR.

Performance

BBAG vs. TFLR - 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 Floating Rate ETF (TFLR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBAG achieves a 0.17% return, which is significantly lower than TFLR's 1.39% return.

BBAG

• 1D: -0.23%
• 1M: 0.21%
• YTD: 0.17%
• 6M: 0.02%
• 1Y: 5.12%
• 3Y*: 3.86%
• 5Y*: -0.01%
• 10Y*: —

TFLR

• 1D: -0.06%
• 1M: 0.34%
• YTD: 1.39%
• 6M: 2.07%
• 1Y: 5.72%
• 3Y*: 8.12%
• 5Y*: —
• 10Y*: —

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

BBAG vs. TFLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	0.17%	7.27%	1.26%	5.41%	0.43%
TFLR T. Rowe Price Floating Rate ETF	1.39%	6.57%	8.77%	12.05%	-0.41%

Correlation

The correlation between BBAG and TFLR is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (All Time) Calculated using the full available price history since Nov 18, 2022	0.07

Return for Risk

BBAG vs. TFLR — 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: 37
BBAG Sortino Ratio Rank: 38
BBAG Omega Ratio Rank: 35
BBAG Calmar Ratio Rank: 38
BBAG Martin Ratio Rank: 36

TFLR

TFLR Risk / Return Rank: 78
TFLR Sharpe Ratio Rank: 86
TFLR Sortino Ratio Rank: 90
TFLR Omega Ratio Rank: 94
TFLR Calmar Ratio Rank: 53
TFLR Martin Ratio Rank: 65

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. TFLR - 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 Floating Rate ETF (TFLR). 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	TFLR	Difference
Sharpe ratio Return per unit of total volatility	1.31	2.91	-1.59
Sortino ratio Return per unit of downside risk	1.96	4.33	-2.36
Omega ratio Gain probability vs. loss probability	1.23	1.68	-0.44
Calmar ratio Return relative to maximum drawdown	1.85	2.64	-0.79
Martin ratio Return relative to average drawdown	5.54	12.12	-6.58
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. TFLR - Sharpe Ratio Comparison

The current BBAG Sharpe Ratio is 1.31, which is lower than the TFLR Sharpe Ratio of 2.91. The chart below compares the historical Sharpe Ratios of BBAG and TFLR, 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	TFLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	2.91	-1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	2.18	-1.86

Drawdowns

BBAG vs. TFLR - Drawdown Comparison

The maximum BBAG drawdown since its inception was -18.73%, which is greater than TFLR's maximum drawdown of -4.01%. Use the drawdown chart below to compare losses from any high point for BBAG and TFLR.

Drawdown Indicators

	BBAG	TFLR	Difference
Max Drawdown Largest peak-to-trough decline	-18.73%	-4.01%	-14.72%
Max Drawdown (1Y) Largest decline over 1 year	-2.78%	-2.18%	-0.60%
Max Drawdown (3Y) Largest decline over 3 years	-6.18%	-4.01%	-2.17%
Max Drawdown (5Y) Largest decline over 5 years	-18.06%	—	—
Current Drawdown Current decline from peak	-2.84%	-0.08%	-2.76%
Average Drawdown Average peak-to-trough decline	-6.22%	-0.21%	-6.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	0.47%	+0.46%

Volatility

BBAG vs. TFLR - Volatility Comparison

JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) has a higher volatility of 1.24% compared to T. Rowe Price Floating Rate ETF (TFLR) at 0.41%. This indicates that BBAG's price experiences larger fluctuations and is considered to be riskier than TFLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBAG	TFLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.24%	0.41%	+0.83%
Volatility (6M) Calculated over the trailing 6-month period	2.82%	1.73%	+1.09%
Volatility (1Y) Calculated over the trailing 1-year period	3.92%	1.98%	+1.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.93%	3.68%	+2.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.80%	3.68%	+2.12%

BBAG vs. TFLR - Expense Ratio Comparison

BBAG has a 0.03% expense ratio, which is lower than TFLR's 0.60% expense ratio.

Dividends

BBAG vs. TFLR - Dividend Comparison

BBAG's dividend yield for the trailing twelve months is around 4.37%, less than TFLR's 6.77% 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%
TFLR T. Rowe Price Floating Rate ETF	6.77%	6.93%	8.18%	7.76%	0.58%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBAG and TFLR in my portfolio?

BBAG and TFLR have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBAG or TFLR?

BBAG has higher volatility (1.24%) compared to TFLR (0.41%). In terms of maximum drawdown, BBAG dropped -18.73% vs TFLR's -4.01%.

Which ETF is better, BBAG or TFLR?

On 3-year performance, TFLR leads with 8.12% vs 3.86% for BBAG. On fees, BBAG is cheaper at 0.03% per year. On volatility, TFLR has been the lower-risk option at 0.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBAG or TFLR?

Over the 3-year period, TFLR has performed better with a 8.12% return vs 3.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBAG or TFLR?

BBAG is cheaper with a 0.03% expense ratio, compared with 0.60% for TFLR.

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

TFLR has the higher dividend yield at 6.77%, compared with 4.37% for BBAG.

What is the main difference between BBAG and TFLR?

BBAG is categorized as Intermediate Core Bond, while TFLR is Bank Loan. They also come from different issuers: JPMorgan and T. Rowe Price. Their fees differ too: 0.03% for BBAG and 0.60% for TFLR.

Which has better risk-adjusted returns?

TFLR currently has the higher Sharpe Ratio (2.91 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.