BBHY vs. AGG
BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - BBHY is a High Yield Bonds fund tracking the ICE BofA US High Yield Index, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 5 years, BBHY returned 4.05%/yr vs 0.06%/yr for AGG. At a 0.34 correlation, their price movements are largely independent. BBHY charges 0.15%/yr vs 0.03%/yr for AGG.
Performance
BBHY vs. AGG - Performance Comparison
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Returns By Period
In the year-to-date period, BBHY achieves a 1.89% return, which is significantly higher than AGG's 0.39% return.
BBHY
- 1D
- -0.08%
- 1M
- 0.64%
- YTD
- 1.89%
- 6M
- 2.20%
- 1Y
- 6.68%
- 3Y*
- 8.90%
- 5Y*
- 4.05%
- 10Y*
- —
AGG
- 1D
- -0.27%
- 1M
- 0.53%
- YTD
- 0.39%
- 6M
- 0.47%
- 1Y
- 4.45%
- 3Y*
- 3.94%
- 5Y*
- 0.06%
- 10Y*
- 1.53%
BBHY vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 1.89% | 8.51% | 7.81% | 11.98% | -10.37% | 3.88% | 5.36% | 14.35% | -2.50% | 6.57% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.39% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Correlation
The correlation between BBHY and AGG is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2016 | 0.34 |
Over the past year, BBHY and AGG have become more correlated (0.64) than their long-term average of 0.34, meaning their price movements have been converging.
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Return for Risk
BBHY vs. AGG — Risk / Return Rank
BBHY
AGG
BBHY vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
| BBHY | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.21 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 1.62 | +1.21 |
| Martin ratioReturn relative to average drawdown | 12.61 | 4.69 | +7.92 |
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Drawdowns
BBHY vs. AGG - Drawdown Comparison
The maximum BBHY drawdown since its inception was -24.98%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for BBHY and AGG.
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Drawdown Indicators
| BBHY | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.98% | -18.43% | -6.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.37% | -2.76% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -5.00% | -6.11% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | -17.82% | +2.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.43% | — |
Current DrawdownCurrent decline from peak | -0.14% | -2.01% | +1.87% |
Average DrawdownAverage peak-to-trough decline | -2.36% | -2.71% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.95% | -0.42% |
Volatility
BBHY vs. AGG - Volatility Comparison
The current volatility for JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) is 1.04%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.11%. This indicates that BBHY experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBHY | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 1.11% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 2.84% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 3.82% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.28% | 6.10% | +1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.52% | 5.41% | +2.11% |
BBHY vs. AGG - Expense Ratio Comparison
BBHY has a 0.15% expense ratio, which is higher than AGG's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BBHY vs. AGG - Dividend Comparison
BBHY's dividend yield for the trailing twelve months is around 6.92%, more than AGG's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.98% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 6.92% | 7.24% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% | 0.00% |
Frequently Asked Questions
BBHY and AGG have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGG has higher volatility (1.11%) compared to BBHY (1.04%). In terms of maximum drawdown, BBHY dropped -24.98% vs AGG's -18.43%.
On 5-year performance, BBHY leads with 4.05% vs 0.06% for AGG. On fees, AGG is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BBHY has performed better with a 4.05% return vs 0.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGG is cheaper with a 0.03% expense ratio, compared with 0.15% for BBHY.
BBHY has the higher dividend yield at 6.92%, compared with 3.98% for AGG.
BBHY is categorized as High Yield Bonds, while AGG is Total Bond Market. BBHY tracks ICE BofA US High Yield Index, while AGG tracks Bloomberg U.S. Aggregate Bond Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.15% for BBHY and 0.03% for AGG.
BBHY currently has the higher Sharpe Ratio (1.83 vs 1.17), 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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