BBAG vs. USFI

Last updated Jul 14, 2026

BBAG (JPMorgan BetaBuilders U.S. Aggregate Bond ETF) and USFI (BrandywineGLOBAL - U.S. Fixed Income ETF) are both exchange-traded funds - BBAG is a Intermediate Core Bond fund tracking the Bloomberg US Aggregate Bond Index, while USFI is a Actively Managed fund actively managed by BrandywineGLOBAL. BBAG is passively managed, while USFI is actively managed. Over the past year, BBAG returned 3.78% vs 5.25% for USFI. Their correlation of 0.92 suggests significant overlap in exposure. BBAG charges 0.03%/yr vs 0.39%/yr for USFI.

Performance

BBAG vs. USFI - Performance Comparison

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

Returns By Period

In the year-to-date period, BBAG achieves a -0.18% return, which is significantly lower than USFI's 0.95% return.

BBAG

• 1D: -0.31%
• 1M: -0.64%
• 6M: -0.34%
• YTD: -0.18%
• 1Y: 3.78%
• 3Y*: 3.69%
• 5Y*: -0.29%
• 10Y*: —

USFI

• 1D: -0.10%
• 1M: -0.23%
• 6M: 0.86%
• YTD: 0.95%
• 1Y: 5.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BBAG vs. USFI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	-0.18%	7.27%	1.26%	2.89%
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	0.95%	6.96%	1.11%	2.95%

Correlation

The correlation between BBAG and USFI is 0.83, 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	0.83
Correlation (All Time) Calculated using the full available price history since Jul 27, 2023	0.92

The correlation between BBAG and USFI has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.

Return for Risk

BBAG vs. USFI — Risk / Return Rank

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

BBAG

BBAG Risk / Return Rank: 33
BBAG Sharpe Ratio Rank: 34
BBAG Sortino Ratio Rank: 34
BBAG Omega Ratio Rank: 31
BBAG Calmar Ratio Rank: 33
BBAG Martin Ratio Rank: 32

USFI

USFI Risk / Return Rank: 74
USFI Sharpe Ratio Rank: 61
USFI Sortino Ratio Rank: 73
USFI Omega Ratio Rank: 64
USFI Calmar Ratio Rank: 93
USFI Martin Ratio Rank: 79

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. USFI - Risk-Adjusted Trends Comparison

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

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BBAG	USFI	Difference
Sharpe ratio: Return per unit of total volatility	0.98	1.61	-0.63
Sortino ratio: Return per unit of downside risk	1.48	2.61	-1.13
Omega ratio: Gain probability vs. loss probability	1.17	1.31	-0.13
Calmar ratio: Return relative to maximum drawdown	1.37	4.92	-3.55
Martin ratio: Return relative to average drawdown	3.72	11.99	-8.28

BBAG vs. USFI - Sharpe Ratio Comparison

The current BBAG Sharpe Ratio is 0.98, which is lower than the USFI Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of BBAG and USFI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BBAG vs. USFI - Drawdown Comparison

The maximum BBAG drawdown since its inception was -18.73%, which is greater than USFI's maximum drawdown of -8.47%. Use the drawdown chart below to compare losses from any high point for BBAG and USFI.

Drawdown Indicators

	BBAG	USFI	Difference
Max Drawdown Largest peak-to-trough decline	-18.73%	-8.47%	-10.26%
Max Drawdown (1Y) Largest decline over 1 year	-2.78%	-1.07%	-1.71%
Max Drawdown (3Y) Largest decline over 3 years	-6.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.06%	—	—
Current Drawdown Current decline from peak	-3.18%	-0.62%	-2.56%
Average Drawdown Average peak-to-trough decline	-6.17%	-2.09%	-4.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	0.44%	+0.58%

Volatility

BBAG vs. USFI - Volatility Comparison

JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) has a higher volatility of 1.23% compared to BrandywineGLOBAL - U.S. Fixed Income ETF (USFI) at 0.91%. This indicates that BBAG's price experiences larger fluctuations and is considered to be riskier than USFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBAG	USFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.23%	0.91%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	2.99%	1.60%	+1.39%
Volatility (1Y) Calculated over the trailing 1-year period	3.87%	3.28%	+0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.94%	6.90%	-0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.78%	6.90%	-1.12%

BBAG vs. USFI - Expense Ratio Comparison

BBAG has a 0.03% expense ratio, which is lower than USFI's 0.39% expense ratio.

Dividends

BBAG vs. USFI - Dividend Comparison

BBAG's dividend yield for the trailing twelve months is around 4.40%, which matches USFI's 4.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	4.40%	4.29%	4.25%	3.60%	2.23%	1.44%	2.26%	2.92%	0.16%
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	4.44%	4.42%	4.60%	1.83%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBAG and USFI in my portfolio?

BBAG and USFI have a correlation of 0.83, 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 USFI?

BBAG has higher volatility (1.23%) compared to USFI (0.91%). In terms of maximum drawdown, BBAG dropped -18.73% vs USFI's -8.47%.

Which ETF is better, BBAG or USFI?

On 1-year performance, USFI leads with 5.25% vs 3.78% for BBAG. On fees, BBAG is cheaper at 0.03% per year. On volatility, USFI has been the lower-risk option at 0.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBAG or USFI?

Over the 1-year period, USFI has performed better with a 5.25% return vs 3.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBAG or USFI?

BBAG is cheaper with a 0.03% expense ratio, compared with 0.39% for USFI.

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

USFI has the higher dividend yield at 4.44%, compared with 4.40% for BBAG.

What is the main difference between BBAG and USFI?

BBAG is categorized as Intermediate Core Bond, while USFI is Actively Managed. They also come from different issuers: JPMorgan and BrandywineGLOBAL. Their fees differ too: 0.03% for BBAG and 0.39% for USFI.

Which has better risk-adjusted returns?

USFI currently has the higher Sharpe Ratio (1.61 vs 0.98), 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.