BBHY vs. BRHY

Last updated Jun 6, 2026

BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) and BRHY (iShares High Yield Active ETF) are both High Yield Bonds funds. BBHY is passively managed, while BRHY is actively managed. Over the past year, BBHY returned 6.84% vs 7.64% for BRHY. Their correlation of 0.81 suggests significant overlap in exposure. BBHY charges 0.15%/yr vs 0.45%/yr for BRHY.

Performance

BBHY vs. BRHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) and iShares High Yield Active ETF (BRHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with BBHY having a 1.29% return and BRHY slightly lower at 1.25%.

BBHY

• 1D: -0.44%
• 1M: -0.32%
• YTD: 1.29%
• 6M: 1.70%
• 1Y: 6.84%
• 3Y*: 8.52%
• 5Y*: 4.03%
• 10Y*: —

BRHY

• 1D: -0.39%
• 1M: 0.03%
• YTD: 1.25%
• 6M: 1.70%
• 1Y: 7.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BBHY vs. BRHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF	1.29%	8.51%	4.97%
BRHY iShares High Yield Active ETF	1.25%	9.74%	5.16%

Correlation

The correlation between BBHY and BRHY is 0.86, 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	0.86
Correlation (All Time) Calculated using the full available price history since Jun 20, 2024	0.81

The correlation between BBHY and BRHY has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

BBHY vs. BRHY - Sectors Allocation Comparison

Sectors	BBHY	BRHY
Consumer Cyclical	10.0%	-
Industrials	8.4%	-
Communication Services	7.9%	-
Healthcare	5.4%	7.7%
Energy	5.2%	39.5%
Financial Services	4.1%	0.2%
Technology	4.0%	0.0%
Real Estate	3.9%	27.6%
Basic Materials	3.2%	18.4%
Consumer Defensive	2.5%	6.8%
Utilities	2.0%	-

Return for Risk

BBHY vs. BRHY — Risk / Return Rank

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

BBHY

BBHY Risk / Return Rank: 64
BBHY Sharpe Ratio Rank: 58
BBHY Sortino Ratio Rank: 64
BBHY Omega Ratio Rank: 63
BBHY Calmar Ratio Rank: 61
BBHY Martin Ratio Rank: 72

BRHY

BRHY Risk / Return Rank: 76
BRHY Sharpe Ratio Rank: 79
BRHY Sortino Ratio Rank: 84
BRHY Omega Ratio Rank: 84
BRHY Calmar Ratio Rank: 60
BRHY Martin Ratio Rank: 73

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.

BBHY vs. BRHY - 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 High Yield Active ETF (BRHY). 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	BRHY	Difference
Sharpe ratio: Return per unit of total volatility	1.89	2.39	-0.50
Sortino ratio: Return per unit of downside risk	2.85	3.57	-0.72
Omega ratio: Gain probability vs. loss probability	1.37	1.48	-0.11
Calmar ratio: Return relative to maximum drawdown	2.89	2.78	+0.12
Martin ratio: Return relative to average drawdown	12.98	12.90	+0.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBHY vs. BRHY - Sharpe Ratio Comparison

The current BBHY Sharpe Ratio is 1.89, which is comparable to the BRHY Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of BBHY and BRHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBHY	BRHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	2.39	-0.50
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	2.06	-1.42

Drawdowns

BBHY vs. BRHY - Drawdown Comparison

The maximum BBHY drawdown since its inception was -24.98%, which is greater than BRHY's maximum drawdown of -4.42%. Use the drawdown chart below to compare losses from any high point for BBHY and BRHY.

Drawdown Indicators

	BBHY	BRHY	Difference
Max Drawdown Largest peak-to-trough decline	-24.98%	-4.42%	-20.56%
Max Drawdown (1Y) Largest decline over 1 year	-2.37%	-2.76%	+0.39%
Max Drawdown (3Y) Largest decline over 3 years	-5.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.32%	—	—
Current Drawdown Current decline from peak	-0.58%	-0.82%	+0.24%
Average Drawdown Average peak-to-trough decline	-2.37%	-0.39%	-1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.53%	0.59%	-0.06%

Volatility

BBHY vs. BRHY - Volatility Comparison

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) and iShares High Yield Active ETF (BRHY) have volatilities of 1.16% and 1.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBHY	BRHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.16%	1.11%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	2.89%	2.48%	+0.41%
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	3.21%	+0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.26%	4.03%	+3.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.53%	4.03%	+3.50%

BBHY vs. BRHY - Expense Ratio Comparison

BBHY has a 0.15% expense ratio, which is lower than BRHY's 0.45% expense ratio.

Dividends

BBHY vs. BRHY - Dividend Comparison

BBHY's dividend yield for the trailing twelve months is around 6.97%, less than BRHY's 7.88% 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%
BRHY iShares High Yield Active ETF	7.88%	7.97%	4.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBHY and BRHY in my portfolio?

BBHY and BRHY have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBHY or BRHY?

BBHY has higher volatility (1.16%) compared to BRHY (1.11%). In terms of maximum drawdown, BBHY dropped -24.98% vs BRHY's -4.42%.

Which ETF is better, BBHY or BRHY?

On 1-year performance, BRHY leads with 7.64% vs 6.84% for BBHY. On fees, BBHY is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBHY or BRHY?

Over the 1-year period, BRHY has performed better with a 7.64% return vs 6.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBHY or BRHY?

BBHY is cheaper with a 0.15% expense ratio, compared with 0.45% for BRHY.

Which ETF pays a higher dividend yield, BBHY or BRHY?

BRHY has the higher dividend yield at 7.88%, compared with 6.97% for BBHY.

What is the main difference between BBHY and BRHY?

They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.15% for BBHY and 0.45% for BRHY.

Which has better risk-adjusted returns?

BRHY currently has the higher Sharpe Ratio (2.39 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.