BBEU vs. HYGI

Last updated Jun 9, 2026

BBEU (JPMorgan BetaBuilders Europe ETF) and HYGI (iShares Inflation Hedged High Yield Bond ETF) are both exchange-traded funds - BBEU is a Europe Equities fund tracking the Morningstar Developed Europe Target Market Exposure Index, while HYGI is a Inflation-Protected Bonds fund tracking the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. Both are passively managed. A 0.58 correlation means they provide meaningful diversification when combined. BBEU charges 0.09%/yr vs 0.52%/yr for HYGI.

Performance

BBEU vs. HYGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Europe ETF (BBEU) and iShares Inflation Hedged High Yield Bond ETF (HYGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BBEU

• 1D: 0.47%
• 1M: -0.53%
• YTD: 5.14%
• 6M: 8.45%
• 1Y: 16.57%
• 3Y*: 16.39%
• 5Y*: 8.62%
• 10Y*: —

HYGI

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBEU vs. HYGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BBEU JPMorgan BetaBuilders Europe ETF	5.14%	36.37%	1.85%	20.31%	7.86%
HYGI iShares Inflation Hedged High Yield Bond ETF	0.00%	6.20%	9.16%	11.71%	0.65%

Correlation

The correlation between BBEU and HYGI is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jun 24, 2022	0.58

Over the past year, the correlation between BBEU and HYGI has dropped to 0.16 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.

BBEU vs. HYGI - Sectors Allocation Comparison

Sectors	BBEU	HYGI
Financial Services	21.7%	-
Industrials	14.9%	-
Healthcare	10.7%	-
Consumer Defensive	8.3%	-
Technology	7.8%	-
Consumer Cyclical	4.8%	-
Basic Materials	4.5%	-
Energy	3.4%	-
Utilities	2.9%	99.6%
Communication Services	2.8%	-
Real Estate	0.3%	0.4%

Return for Risk

BBEU vs. HYGI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBEU

BBEU Risk / Return Rank: 32
BBEU Sharpe Ratio Rank: 32
BBEU Sortino Ratio Rank: 32
BBEU Omega Ratio Rank: 31
BBEU Calmar Ratio Rank: 30
BBEU Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBEU vs. HYGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Europe ETF (BBEU) and iShares Inflation Hedged High Yield Bond ETF (HYGI). 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.

	BBEU	HYGI	Difference
Sharpe ratio: Return per unit of total volatility	1.06	—	—
Sortino ratio: Return per unit of downside risk	1.57	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.36	—	—
Martin ratio: Return relative to average drawdown	5.04	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BBEU	HYGI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	—	—

Drawdowns

Drawdown Indicators

	BBEU	HYGI	Difference
Max Drawdown Largest peak-to-trough decline	-36.27%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.08%	—	—
Current Drawdown Current decline from peak	-3.01%	—	—
Average Drawdown Average peak-to-trough decline	-6.13%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	—	—

Volatility

Volatility by Period

	BBEU	HYGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.67%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.52%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.32%	—	—

BBEU vs. HYGI - Expense Ratio Comparison

BBEU has a 0.09% expense ratio, which is lower than HYGI's 0.52% expense ratio.

Dividends

BBEU vs. HYGI - Dividend Comparison

BBEU's dividend yield for the trailing twelve months is around 2.83%, while HYGI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBEU JPMorgan BetaBuilders Europe ETF	2.83%	2.83%	4.16%	2.94%	4.72%	2.63%	2.29%	3.24%	0.49%
HYGI iShares Inflation Hedged High Yield Bond ETF	0.97%	3.41%	6.08%	6.22%	3.19%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBEU and HYGI in my portfolio?

BBEU and HYGI have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BBEU or HYGI?

On fees, BBEU is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BBEU or HYGI?

BBEU is cheaper with a 0.09% expense ratio, compared with 0.52% for HYGI.

Which ETF pays a higher dividend yield, BBEU or HYGI?

BBEU has the higher dividend yield at 2.83%, compared with 0.97% for HYGI.

What is the main difference between BBEU and HYGI?

BBEU is categorized as Europe Equities, while HYGI is Inflation-Protected Bonds. BBEU tracks Morningstar Developed Europe Target Market Exposure Index, while HYGI tracks BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.09% for BBEU and 0.52% for HYGI.