BBHY vs. AAA
Compare and contrast key facts about JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) and AAF First Priority CLO Bond ETF (AAA).
BBHY and AAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBHY is a passively managed fund by JPMorgan that tracks the performance of the ICE BofA US High Yield Index. It was launched on Sep 15, 2016. AAA is an actively managed fund by Alternative Access Funds LLC. It was launched on Sep 9, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBHY or AAA.
Key characteristics
| BBHY | AAA | |
|---|---|---|
| YTD Return | 7.46% | 4.60% |
| 1Y Return | 13.63% | 7.46% |
| 3Y Return (Ann) | 2.66% | 4.65% |
| Sharpe Ratio | 2.66 | 3.84 |
| Daily Std Dev | 5.14% | 1.94% |
| Max Drawdown | -24.98% | -2.64% |
| Current Drawdown | 0.00% | -0.24% |
Correlation
The correlation between BBHY and AAA is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BBHY vs. AAA - Performance Comparison
In the year-to-date period, BBHY achieves a 7.46% return, which is significantly higher than AAA's 4.60% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BBHY vs. AAA - Expense Ratio Comparison
BBHY has a 0.15% expense ratio, which is lower than AAA's 0.25% 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%.
Risk-Adjusted Performance
BBHY vs. AAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) and AAF First Priority CLO Bond ETF (AAA). 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.
Dividends
BBHY vs. AAA - Dividend Comparison
BBHY's dividend yield for the trailing twelve months is around 6.79%, more than AAA's 6.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 6.79% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% |
AAA AAF First Priority CLO Bond ETF | 6.33% | 6.11% | 2.78% | 1.05% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BBHY vs. AAA - Drawdown Comparison
The maximum BBHY drawdown since its inception was -24.98%, which is greater than AAA's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for BBHY and AAA. For additional features, visit the drawdowns tool.
Volatility
BBHY vs. AAA - Volatility Comparison
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) has a higher volatility of 0.92% compared to AAF First Priority CLO Bond ETF (AAA) at 0.69%. This indicates that BBHY's price experiences larger fluctuations and is considered to be riskier than AAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.