BBCB vs. LKOR
BBCB (JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF) and LKOR (FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund) are both Corporate Bonds funds - BBCB tracks the Bloomberg US Corporate Investment Grade while LKOR tracks the Northern Trust US Long Corporate Bond Quality Value Index. Both are passively managed. Over the past 5 years, BBCB returned 0.84%/yr vs -1.59%/yr for LKOR. Their correlation of 0.91 suggests significant overlap in exposure. BBCB charges 0.09%/yr vs 0.22%/yr for LKOR.
Performance
BBCB vs. LKOR - Performance Comparison
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Returns By Period
In the year-to-date period, BBCB achieves a 2.82% return, which is significantly higher than LKOR's 0.74% return.
BBCB
- 1D
- -0.11%
- 1M
- 0.66%
- YTD
- 2.82%
- 6M
- 2.66%
- 1Y
- 8.37%
- 3Y*
- 5.98%
- 5Y*
- 0.84%
- 10Y*
- —
LKOR
- 1D
- -0.36%
- 1M
- 1.51%
- YTD
- 0.74%
- 6M
- -0.19%
- 1Y
- 7.57%
- 3Y*
- 4.72%
- 5Y*
- -1.59%
- 10Y*
- 2.45%
BBCB vs. LKOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BBCB JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF | 2.82% | 7.69% | 1.97% | 8.42% | -15.72% | -2.23% | 10.39% | 14.86% | 0.43% |
LKOR FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund | 0.74% | 7.04% | -1.02% | 11.64% | -25.55% | -1.51% | 16.00% | 23.97% | 0.42% |
Correlation
The correlation between BBCB and LKOR is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2018 | 0.91 |
The correlation between BBCB and LKOR has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
BBCB vs. LKOR — Risk / Return Rank
BBCB
LKOR
BBCB vs. LKOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) and FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR). 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.
| BBCB | LKOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.17 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 1.41 | +1.44 |
| Martin ratioReturn relative to average drawdown | 10.09 | 3.43 | +6.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BBCB | LKOR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 0.95 | +0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | -0.12 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.25 | +0.21 |
Drawdowns
BBCB vs. LKOR - Drawdown Comparison
The maximum BBCB drawdown since its inception was -22.48%, smaller than the maximum LKOR drawdown of -34.78%. Use the drawdown chart below to compare losses from any high point for BBCB and LKOR.
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Drawdown Indicators
| BBCB | LKOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -34.78% | +12.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -5.39% | +2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -6.46% | -12.74% | +6.28% |
Max Drawdown (5Y)Largest decline over 5 years | -22.32% | -34.78% | +12.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.78% | — |
Current DrawdownCurrent decline from peak | -0.34% | -13.63% | +13.29% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -10.36% | +3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 2.21% | -1.38% |
Volatility
BBCB vs. LKOR - Volatility Comparison
The current volatility for JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) is 1.41%, while FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR) has a volatility of 2.41%. This indicates that BBCB experiences smaller price fluctuations and is considered to be less risky than LKOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBCB | LKOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 2.41% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | 5.76% | -1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.93% | 8.00% | -3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.25% | 12.90% | -5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 13.22% | -5.72% |
BBCB vs. LKOR - Expense Ratio Comparison
BBCB has a 0.09% expense ratio, which is lower than LKOR's 0.22% 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
BBCB vs. LKOR - Dividend Comparison
BBCB's dividend yield for the trailing twelve months is around 7.15%, more than LKOR's 5.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBCB JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF | 7.15% | 5.02% | 5.22% | 4.22% | 3.39% | 3.47% | 4.59% | 5.25% | 0.20% | 0.00% | 0.00% | 0.00% |
LKOR FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund | 5.72% | 5.57% | 5.52% | 4.90% | 4.71% | 4.73% | 6.56% | 3.71% | 4.21% | 3.77% | 5.53% | 1.22% |
Frequently Asked Questions
With a correlation of 0.95, BBCB and LKOR 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.
LKOR has higher volatility (2.41%) compared to BBCB (1.41%). In terms of maximum drawdown, BBCB dropped -22.48% vs LKOR's -34.78%.
On 5-year performance, BBCB leads with 0.84% vs -1.59% for LKOR. On fees, BBCB is cheaper at 0.09% per year. On volatility, BBCB has been the lower-risk option at 1.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BBCB has performed better with a 0.84% return vs -1.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBCB is cheaper with a 0.09% expense ratio, compared with 0.22% for LKOR.
BBCB has the higher dividend yield at 7.15%, compared with 5.72% for LKOR.
BBCB tracks Bloomberg US Corporate Investment Grade, while LKOR tracks Northern Trust US Long Corporate Bond Quality Value Index. They also come from different issuers: JPMorgan and Northern Trust. Their fees differ too: 0.09% for BBCB and 0.22% for LKOR.
BBCB currently has the higher Sharpe Ratio (1.71 vs 0.95), 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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