BBAG vs. VCLT
BBAG (JPMorgan BetaBuilders U.S. Aggregate Bond ETF) and VCLT (Vanguard Long-Term Corporate Bond ETF) are both exchange-traded funds - BBAG is a Intermediate Core Bond fund tracking the Bloomberg US Aggregate Bond Index, while VCLT is a Corporate Bonds fund tracking the Bloomberg U.S. 10+ Year Corporate Bond Index. Both are passively managed. Over the past 5 years, BBAG returned -0.04%/yr vs -2.16%/yr for VCLT. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.03% expense ratio.
Performance
BBAG vs. VCLT - Performance Comparison
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Returns By Period
In the year-to-date period, BBAG achieves a 0.33% return, which is significantly lower than VCLT's 1.27% return.
BBAG
- 1D
- -0.32%
- 1M
- 0.63%
- YTD
- 0.33%
- 6M
- 0.51%
- 1Y
- 4.45%
- 3Y*
- 3.86%
- 5Y*
- -0.04%
- 10Y*
- —
VCLT
- 1D
- -0.40%
- 1M
- 1.31%
- YTD
- 1.27%
- 6M
- 1.30%
- 1Y
- 6.37%
- 3Y*
- 4.08%
- 5Y*
- -2.16%
- 10Y*
- 2.24%
BBAG vs. VCLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF | 0.33% | 7.27% | 1.26% | 5.41% | -13.26% | -1.79% | 7.31% | 8.31% | 1.03% |
VCLT Vanguard Long-Term Corporate Bond ETF | 1.27% | 7.18% | -1.90% | 11.17% | -25.50% | -1.73% | 13.27% | 23.89% | 0.24% |
Correlation
The correlation between BBAG and VCLT is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.85 |
The correlation between BBAG and VCLT has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.
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Return for Risk
BBAG vs. VCLT — Risk / Return Rank
BBAG
VCLT
BBAG vs. VCLT - Risk-Adjusted Trends 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.
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 | VCLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.14 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.22 | +0.39 |
| Martin ratioReturn relative to average drawdown | 4.54 | 2.95 | +1.59 |
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Drawdowns
BBAG vs. VCLT - Drawdown Comparison
The maximum BBAG drawdown since its inception was -18.73%, 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.
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Drawdown Indicators
| BBAG | VCLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.73% | -34.31% | +15.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -5.25% | +2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -6.18% | -13.03% | +6.85% |
Max Drawdown (5Y)Largest decline over 5 years | -18.06% | -34.31% | +16.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.31% | — |
Current DrawdownCurrent decline from peak | -2.69% | -14.12% | +11.43% |
Average DrawdownAverage peak-to-trough decline | -6.20% | -8.17% | +1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 2.17% | -1.19% |
Volatility
BBAG vs. VCLT - Volatility Comparison
The current volatility for JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) is 1.13%, while Vanguard Long-Term Corporate Bond ETF (VCLT) has a volatility of 1.91%. 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.
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Volatility by Period
| BBAG | VCLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.91% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 5.84% | -2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 7.84% | -3.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 12.76% | -6.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.79% | 12.85% | -7.06% |
BBAG vs. VCLT - Expense Ratio Comparison
Both BBAG and VCLT have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
BBAG vs. VCLT - Dividend Comparison
BBAG's dividend yield for the trailing twelve months is around 4.36%, less than VCLT's 5.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
VCLT Vanguard Long-Term Corporate Bond ETF | 5.53% | 5.51% | 5.19% | 4.67% | 4.44% | 3.07% | 3.16% | 3.81% | 4.55% | 4.01% | 4.33% | 4.68% |
Frequently Asked Questions
BBAG and VCLT have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VCLT has higher volatility (1.91%) compared to BBAG (1.13%). In terms of maximum drawdown, BBAG dropped -18.73% vs VCLT's -34.31%.
On 5-year performance, BBAG leads with -0.04% vs -2.16% for VCLT. Both ETFs have the same 0.03% expense ratio. On volatility, BBAG has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BBAG has performed better with a -0.04% return vs -2.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBAG and VCLT have the same expense ratio: 0.03% per year.
VCLT has the higher dividend yield at 5.53%, compared with 4.36% for BBAG.
BBAG is categorized as Intermediate Core Bond, while VCLT is Corporate Bonds. BBAG tracks Bloomberg US Aggregate Bond Index, while VCLT tracks Bloomberg U.S. 10+ Year Corporate Bond Index. They also come from different issuers: JPMorgan and Vanguard.
BBAG currently has the higher Sharpe Ratio (1.15 vs 0.82), 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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