Correlation
The correlation between BBCB and ^GSPC is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
BBCB vs. ^GSPC
Compare and contrast key facts about JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) and S&P 500 (^GSPC).
BBCB is a passively managed fund by JPMorgan that tracks the performance of the Bloomberg US Corporate Investment Grade. It was launched on Dec 12, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBCB or ^GSPC.
Performance
BBCB vs. ^GSPC - Performance Comparison
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Key characteristics
BBCB:
1.02
^GSPC:
0.62
BBCB:
1.21
^GSPC:
0.94
BBCB:
1.15
^GSPC:
1.14
BBCB:
0.42
^GSPC:
0.61
BBCB:
2.61
^GSPC:
2.29
BBCB:
2.03%
^GSPC:
5.01%
BBCB:
6.26%
^GSPC:
19.79%
BBCB:
-22.48%
^GSPC:
-56.78%
BBCB:
-7.05%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, BBCB achieves a 2.02% return, which is significantly higher than ^GSPC's 0.52% return.
BBCB
2.02%
-0.39%
0.48%
6.35%
2.27%
-0.42%
N/A
^GSPC
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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Risk-Adjusted Performance
BBCB vs. ^GSPC — Risk-Adjusted Performance Rank
BBCB
^GSPC
BBCB vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) and S&P 500 (^GSPC). 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.
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Drawdowns
BBCB vs. ^GSPC - Drawdown Comparison
The maximum BBCB drawdown since its inception was -22.48%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BBCB and ^GSPC.
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Volatility
BBCB vs. ^GSPC - Volatility Comparison
The current volatility for JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) is 1.65%, while S&P 500 (^GSPC) has a volatility of 4.76%. This indicates that BBCB experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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