BBAG vs. VCLT
Compare and contrast key facts about JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) and Vanguard Long-Term Corporate Bond ETF (VCLT).
BBAG and VCLT 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. VCLT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 10+ Year Corporate Index. It was launched on Nov 19, 2009. Both BBAG and VCLT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBAG or VCLT.
Key characteristics
| BBAG | VCLT | |
|---|---|---|
| YTD Return | 5.21% | 6.01% |
| 1Y Return | 10.33% | 16.09% |
| 3Y Return (Ann) | -1.60% | -4.78% |
| 5Y Return (Ann) | 0.38% | 0.11% |
| Sharpe Ratio | 1.62 | 1.35 |
| Daily Std Dev | 6.46% | 12.30% |
| Max Drawdown | -18.86% | -34.31% |
| Current Drawdown | -6.20% | -14.50% |
Correlation
The correlation between BBAG and VCLT is 0.84, 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.
Performance
BBAG vs. VCLT - Performance Comparison
In the year-to-date period, BBAG achieves a 5.21% return, which is significantly lower than VCLT's 6.01% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BBAG vs. VCLT - Expense Ratio Comparison
BBAG has a 0.03% expense ratio, which is lower than VCLT's 0.04% 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%.
Risk-Adjusted Performance
BBAG vs. VCLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) and Vanguard Long-Term Corporate Bond ETF (VCLT). 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.
Dividends
BBAG vs. VCLT - Dividend Comparison
BBAG's dividend yield for the trailing twelve months is around 4.02%, less than VCLT's 4.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF | 4.02% | 3.60% | 2.23% | 1.44% | 2.11% | 2.92% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VCLT Vanguard Long-Term Corporate Bond ETF | 4.68% | 4.67% | 4.44% | 3.07% | 3.16% | 3.81% | 4.55% | 4.01% | 4.33% | 4.68% | 4.29% | 4.83% |
Drawdowns
BBAG vs. VCLT - Drawdown Comparison
The maximum BBAG drawdown since its inception was -18.86%, smaller than the maximum VCLT drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for BBAG and VCLT. For additional features, visit the drawdowns tool.
Volatility
BBAG vs. VCLT - Volatility Comparison
The current volatility for JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) is 1.00%, while Vanguard Long-Term Corporate Bond ETF (VCLT) has a volatility of 2.13%. This indicates that BBAG experiences smaller price fluctuations and is considered to be less risky than VCLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.