BBEM vs. IBHH
BBEM (JPMorgan Betabuilders Emerging Markets Equity ETF) and IBHH (iShares iBonds 2028 Term High Yield and Income ETF) are both exchange-traded funds - BBEM is a Emerging Markets Diversified fund tracking the Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net, while IBHH is a High Yield Bonds fund tracking the Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, BBEM returned 20.75%/yr vs 8.45%/yr for IBHH. At a 0.46 correlation, their price movements are largely independent. BBEM charges 0.15%/yr vs 0.35%/yr for IBHH.
Performance
BBEM vs. IBHH - Performance Comparison
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Returns By Period
In the year-to-date period, BBEM achieves a 23.17% return, which is significantly higher than IBHH's 1.66% return.
BBEM
- 1D
- 0.30%
- 1M
- 4.34%
- YTD
- 23.17%
- 6M
- 25.34%
- 1Y
- 45.68%
- 3Y*
- 20.75%
- 5Y*
- —
- 10Y*
- —
IBHH
- 1D
- 0.04%
- 1M
- 0.46%
- YTD
- 1.66%
- 6M
- 2.29%
- 1Y
- 6.37%
- 3Y*
- 8.45%
- 5Y*
- —
- 10Y*
- —
BBEM vs. IBHH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 23.17% | 32.43% | 5.61% | 6.01% |
IBHH iShares iBonds 2028 Term High Yield and Income ETF | 1.66% | 8.02% | 7.53% | 8.16% |
Correlation
The correlation between BBEM and IBHH is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 11, 2023 | 0.46 |
The correlation between BBEM and IBHH has been stable across timeframes, ranging from 0.45 to 0.53 - a consistent structural relationship.
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Return for Risk
BBEM vs. IBHH — Risk / Return Rank
BBEM
IBHH
BBEM vs. IBHH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and iShares iBonds 2028 Term High Yield and Income ETF (IBHH). 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.
| BBEM | IBHH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.41 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 4.96 | -1.61 |
| Martin ratioReturn relative to average drawdown | 12.61 | 19.84 | -7.23 |
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Drawdowns
BBEM vs. IBHH - Drawdown Comparison
The maximum BBEM drawdown since its inception was -17.42%, which is greater than IBHH's maximum drawdown of -12.05%. Use the drawdown chart below to compare losses from any high point for BBEM and IBHH.
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Drawdown Indicators
| BBEM | IBHH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.42% | -12.05% | -5.37% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | -1.22% | -11.90% |
Max Drawdown (3Y)Largest decline over 3 years | -17.42% | -4.66% | -12.76% |
Current DrawdownCurrent decline from peak | -4.30% | -0.15% | -4.15% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -2.28% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 0.31% | +3.18% |
Volatility
BBEM vs. IBHH - Volatility Comparison
JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) has a higher volatility of 10.58% compared to iShares iBonds 2028 Term High Yield and Income ETF (IBHH) at 0.70%. This indicates that BBEM's price experiences larger fluctuations and is considered to be riskier than IBHH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBEM | IBHH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.58% | 0.70% | +9.88% |
Volatility (6M)Calculated over the trailing 6-month period | 19.04% | 2.10% | +16.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.07% | 2.84% | +18.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 7.23% | +10.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 7.23% | +10.78% |
BBEM vs. IBHH - Expense Ratio Comparison
BBEM has a 0.15% expense ratio, which is lower than IBHH's 0.35% expense ratio.
Dividends
BBEM vs. IBHH - Dividend Comparison
BBEM's dividend yield for the trailing twelve months is around 4.74%, less than IBHH's 6.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 4.74% | 5.86% | 2.73% | 1.94% | 0.00% |
IBHH iShares iBonds 2028 Term High Yield and Income ETF | 6.27% | 6.39% | 6.93% | 6.65% | 5.36% |
Frequently Asked Questions
BBEM and IBHH have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBEM has higher volatility (10.58%) compared to IBHH (0.70%). In terms of maximum drawdown, BBEM dropped -17.42% vs IBHH's -12.05%.
On 3-year performance, BBEM leads with 20.75% vs 8.45% for IBHH. On fees, BBEM is cheaper at 0.15% per year. On volatility, IBHH has been the lower-risk option at 0.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BBEM has performed better with a 20.75% return vs 8.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBEM is cheaper with a 0.15% expense ratio, compared with 0.35% for IBHH.
IBHH has the higher dividend yield at 6.27%, compared with 4.74% for BBEM.
BBEM is categorized as Emerging Markets Diversified, while IBHH is High Yield Bonds. BBEM tracks Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net, while IBHH tracks Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.15% for BBEM and 0.35% for IBHH.
IBHH currently has the higher Sharpe Ratio (2.14 vs 2.09), 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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