BBHY vs. BBUS
BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) and BBUS (JPMorgan BetaBuilders U.S. Equity ETF) are both exchange-traded funds - BBHY is a High Yield Bonds fund tracking the ICE BofA US High Yield Index, while BBUS is a Large Cap Blend Equities fund tracking the Morningstar US Target Market Exposure Index. Both are passively managed. Over the past 5 years, BBHY returned 3.93%/yr vs 12.52%/yr for BBUS. A 0.70 correlation means they provide meaningful diversification when combined. BBHY charges 0.15%/yr vs 0.02%/yr for BBUS.
Performance
BBHY vs. BBUS - Performance Comparison
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Returns By Period
In the year-to-date period, BBHY achieves a 1.88% return, which is significantly lower than BBUS's 10.07% return.
BBHY
- 1D
- -0.21%
- 1M
- 0.01%
- 6M
- 1.38%
- YTD
- 1.88%
- 1Y
- 5.97%
- 3Y*
- 8.29%
- 5Y*
- 3.93%
- 10Y*
- —
BBUS
- 1D
- -0.78%
- 1M
- 1.32%
- 6M
- 7.98%
- YTD
- 10.07%
- 1Y
- 20.96%
- 3Y*
- 20.14%
- 5Y*
- 12.52%
- 10Y*
- —
BBHY vs. BBUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 1.88% | 8.51% | 7.81% | 11.98% | -10.37% | 3.88% | 5.36% | 8.44% |
BBUS JPMorgan BetaBuilders U.S. Equity ETF | 10.07% | 17.77% | 24.89% | 27.20% | -19.46% | 27.13% | 20.69% | 16.26% |
Correlation
The correlation between BBHY and BBUS is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019 | 0.70 |
The correlation between BBHY and BBUS has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.
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Return for Risk
BBHY vs. BBUS — Risk / Return Rank
BBHY
BBUS
BBHY vs. BBUS - 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 JPMorgan BetaBuilders U.S. Equity ETF (BBUS). 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 | BBUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.30 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 2.29 | +0.24 |
| Martin ratioReturn relative to average drawdown | 11.35 | 9.85 | +1.50 |
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Drawdowns
BBHY vs. BBUS - Drawdown Comparison
The maximum BBHY drawdown since its inception was -24.98%, smaller than the maximum BBUS drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for BBHY and BBUS.
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Drawdown Indicators
| BBHY | BBUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.98% | -35.35% | +10.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.37% | -9.21% | +6.84% |
Max Drawdown (3Y)Largest decline over 3 years | -5.00% | -19.01% | +14.01% |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | -25.46% | +10.14% |
Current DrawdownCurrent decline from peak | -0.49% | -1.22% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -5.41% | +3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 2.13% | -1.60% |
Volatility
BBHY vs. BBUS - Volatility Comparison
The current volatility for JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) is 0.88%, while JPMorgan BetaBuilders U.S. Equity ETF (BBUS) has a volatility of 4.10%. This indicates that BBHY experiences smaller price fluctuations and is considered to be less risky than BBUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBHY | BBUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 4.10% | -3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 10.02% | -7.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 12.60% | -8.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.27% | 17.15% | -9.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 19.54% | -12.04% |
BBHY vs. BBUS - Expense Ratio Comparison
BBHY has a 0.15% expense ratio, which is higher than BBUS's 0.02% 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. BBUS - Dividend Comparison
BBHY's dividend yield for the trailing twelve months is around 7.11%, more than BBUS's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 7.11% | 7.24% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% |
BBUS JPMorgan BetaBuilders U.S. Equity ETF | 1.01% | 1.07% | 1.21% | 1.38% | 1.57% | 1.11% | 1.43% | 1.37% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BBHY and BBUS have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBUS has higher volatility (4.10%) compared to BBHY (0.88%). In terms of maximum drawdown, BBHY dropped -24.98% vs BBUS's -35.35%.
On 5-year performance, BBUS leads with 12.52% vs 3.93% for BBHY. On fees, BBUS is cheaper at 0.02% per year. On volatility, BBHY has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BBUS has performed better with a 12.52% return vs 3.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBUS is cheaper with a 0.02% expense ratio, compared with 0.15% for BBHY.
BBHY has the higher dividend yield at 7.11%, compared with 1.01% for BBUS.
BBHY is categorized as High Yield Bonds, while BBUS is Large Cap Blend Equities. BBHY tracks ICE BofA US High Yield Index, while BBUS tracks Morningstar US Target Market Exposure Index. Their fees differ too: 0.15% for BBHY and 0.02% for BBUS.
BBUS currently has the higher Sharpe Ratio (1.67 vs 1.65), 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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