BBHY vs. BRHY
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 6.28% vs 6.92% 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
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Returns By Period
In the year-to-date period, BBHY achieves a 1.90% return, which is significantly higher than BRHY's 1.77% return.
BBHY
- 1D
- 0.10%
- 1M
- 0.29%
- YTD
- 1.90%
- 6M
- 1.89%
- 1Y
- 6.28%
- 3Y*
- 8.81%
- 5Y*
- 3.99%
- 10Y*
- —
BRHY
- 1D
- 0.05%
- 1M
- 0.21%
- YTD
- 1.77%
- 6M
- 1.89%
- 1Y
- 6.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BBHY vs. BRHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 1.90% | 8.51% | 5.30% |
BRHY iShares High Yield Active ETF | 1.77% | 9.74% | 5.16% |
Correlation
The correlation between BBHY and BRHY is 0.87, 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 | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2024 | 0.81 |
The correlation between BBHY and BRHY has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.
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Return for Risk
BBHY vs. BRHY — Risk / Return Rank
BBHY
BRHY
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.
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 | BRHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.43 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.52 | +0.14 |
| Martin ratioReturn relative to average drawdown | 11.84 | 11.52 | +0.32 |
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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.
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Drawdown Indicators
| BBHY | BRHY | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -0.13% | -0.32% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -2.36% | -0.39% | -1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.60% | -0.07% |
Volatility
BBHY vs. BRHY - Volatility Comparison
The current volatility for JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) is 1.00%, while iShares High Yield Active ETF (BRHY) has a volatility of 1.06%. This indicates that BBHY experiences smaller price fluctuations and is considered to be less risky than BRHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBHY | BRHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.06% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 2.53% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 3.22% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.28% | 4.00% | +3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.51% | 4.00% | +3.51% |
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 6.92%, less than BRHY's 7.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
BRHY iShares High Yield Active ETF | 7.84% | 7.97% | 4.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BBHY and BRHY have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRHY has higher volatility (1.06%) compared to BBHY (1.00%). In terms of maximum drawdown, BBHY dropped -24.98% vs BRHY's -4.42%.
On 1-year performance, BRHY leads with 6.92% vs 6.28% 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.
Over the 1-year period, BRHY has performed better with a 6.92% return vs 6.28%. 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 0.45% for BRHY.
BRHY has the higher dividend yield at 7.84%, compared with 6.92% for BBHY.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.15% for BBHY and 0.45% for BRHY.
BRHY currently has the higher Sharpe Ratio (2.16 vs 1.72), 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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