BBHY vs. BHYB
BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) and BHYB (Xtrackers USD High Yield BB-B ex Financials ETF) are both High Yield Bonds funds - BBHY tracks the ICE BofA US High Yield Index while BHYB tracks the ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index - Benchmark TR Gross. Both are passively managed. Over the past year, BBHY returned 6.84% vs 7.00% for BHYB. Their correlation of 0.94 suggests significant overlap in exposure. BBHY charges 0.15%/yr vs 0.20%/yr for BHYB.
Performance
BBHY vs. BHYB - Performance Comparison
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Returns By Period
In the year-to-date period, BBHY achieves a 1.29% return, which is significantly lower than BHYB's 1.49% return.
BBHY
- 1D
- -0.44%
- 1M
- -0.32%
- YTD
- 1.29%
- 6M
- 1.70%
- 1Y
- 6.84%
- 3Y*
- 8.52%
- 5Y*
- 4.03%
- 10Y*
- —
BHYB
- 1D
- -0.34%
- 1M
- -0.17%
- YTD
- 1.49%
- 6M
- 1.87%
- 1Y
- 7.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BBHY vs. BHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 1.29% | 8.51% | 7.81% | 8.67% |
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 1.49% | 8.90% | 6.44% | 8.23% |
Correlation
The correlation between BBHY and BHYB is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2023 | 0.94 |
The correlation between BBHY and BHYB has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
BBHY vs. BHYB — Risk / Return Rank
BBHY
BHYB
BBHY vs. BHYB - 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 Xtrackers USD High Yield BB-B ex Financials ETF (BHYB). 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.
| BBHY | BHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.42 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 3.09 | -0.20 |
| Martin ratioReturn relative to average drawdown | 12.98 | 14.17 | -1.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BBHY | BHYB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 2.06 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 2.08 | -1.44 |
Drawdowns
BBHY vs. BHYB - Drawdown Comparison
The maximum BBHY drawdown since its inception was -24.98%, which is greater than BHYB's maximum drawdown of -4.23%. Use the drawdown chart below to compare losses from any high point for BBHY and BHYB.
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Drawdown Indicators
| BBHY | BHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.98% | -4.23% | -20.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.37% | -2.27% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -5.00% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | — | — |
Current DrawdownCurrent decline from peak | -0.58% | -0.40% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -0.40% | -1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.49% | +0.04% |
Volatility
BBHY vs. BHYB - Volatility Comparison
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) has a higher volatility of 1.16% compared to Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) at 1.04%. This indicates that BBHY's price experiences larger fluctuations and is considered to be riskier than BHYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBHY | BHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.04% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 2.54% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 3.41% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.26% | 4.70% | +2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.53% | 4.70% | +2.83% |
BBHY vs. BHYB - Expense Ratio Comparison
BBHY has a 0.15% expense ratio, which is lower than BHYB's 0.20% 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%.
Dividends
BBHY vs. BHYB - Dividend Comparison
BBHY's dividend yield for the trailing twelve months is around 6.97%, more than BHYB's 6.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 6.97% | 7.24% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% |
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 6.35% | 6.57% | 7.04% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, BBHY and BHYB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BBHY has higher volatility (1.16%) compared to BHYB (1.04%). In terms of maximum drawdown, BBHY dropped -24.98% vs BHYB's -4.23%.
On 1-year performance, BHYB leads with 7.00% vs 6.84% for BBHY. On fees, BBHY is cheaper at 0.15% per year. On volatility, BHYB has been the lower-risk option at 1.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BHYB has performed better with a 7.00% return vs 6.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBHY is cheaper with a 0.15% expense ratio, compared with 0.20% for BHYB.
BBHY has the higher dividend yield at 6.97%, compared with 6.35% for BHYB.
BBHY tracks ICE BofA US High Yield Index, while BHYB tracks ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index - Benchmark TR Gross. They also come from different issuers: JPMorgan and Xtrackers. Their fees differ too: 0.15% for BBHY and 0.20% for BHYB.
BHYB currently has the higher Sharpe Ratio (2.06 vs 1.89), 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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