BBHY vs. HYG
Compare and contrast key facts about JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
BBHY and HYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBHY is a passively managed fund by JPMorgan that tracks the performance of the ICE BofA US High Yield Index. It was launched on Sep 15, 2016. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007. Both BBHY and HYG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBHY or HYG.
Correlation
The correlation between BBHY and HYG is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BBHY vs. HYG - Performance Comparison
Key characteristics
BBHY:
2.24
HYG:
2.23
BBHY:
3.23
HYG:
3.23
BBHY:
1.42
HYG:
1.41
BBHY:
4.27
HYG:
4.09
BBHY:
16.01
HYG:
15.85
BBHY:
0.57%
HYG:
0.61%
BBHY:
4.04%
HYG:
4.23%
BBHY:
-24.98%
HYG:
-34.24%
BBHY:
-0.15%
HYG:
-0.06%
Returns By Period
In the year-to-date period, BBHY achieves a 1.61% return, which is significantly lower than HYG's 1.76% return.
BBHY
1.61%
1.70%
4.04%
9.67%
3.55%
N/A
HYG
1.76%
1.81%
4.35%
10.07%
3.23%
4.00%
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BBHY vs. HYG - Expense Ratio Comparison
BBHY has a 0.15% expense ratio, which is lower than HYG's 0.49% expense ratio.
Risk-Adjusted Performance
BBHY vs. HYG — Risk-Adjusted Performance Rank
BBHY
HYG
BBHY vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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.
Dividends
BBHY vs. HYG - Dividend Comparison
BBHY's dividend yield for the trailing twelve months is around 7.15%, more than HYG's 6.38% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 7.15% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 5.00% | 5.02% | 4.81% | 1.42% | 0.00% | 0.00% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 6.38% | 6.49% | 5.75% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% |
Drawdowns
BBHY vs. HYG - Drawdown Comparison
The maximum BBHY drawdown since its inception was -24.98%, smaller than the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for BBHY and HYG. For additional features, visit the drawdowns tool.
Volatility
BBHY vs. HYG - Volatility Comparison
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG) have volatilities of 1.18% and 1.23%, 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.