BBHY vs. HYG
BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) and HYG (iShares iBoxx $ High Yield Corporate Bond ETF) are both High Yield Bonds funds - BBHY tracks the ICE BofA US High Yield Index while HYG tracks the Markit iBoxx USD Liquid High Yield Index. Both are passively managed. Over the past 5 years, BBHY returned 4.05%/yr vs 3.77%/yr for HYG. Their correlation of 0.87 suggests significant overlap in exposure. BBHY charges 0.15%/yr vs 0.49%/yr for HYG.
Performance
BBHY vs. HYG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BBHY achieves a 1.89% return, which is significantly higher than HYG's 1.65% return.
BBHY
- 1D
- -0.08%
- 1M
- 0.64%
- YTD
- 1.89%
- 6M
- 2.20%
- 1Y
- 6.68%
- 3Y*
- 8.90%
- 5Y*
- 4.05%
- 10Y*
- —
HYG
- 1D
- -0.09%
- 1M
- 0.55%
- YTD
- 1.65%
- 6M
- 1.90%
- 1Y
- 6.23%
- 3Y*
- 8.78%
- 5Y*
- 3.77%
- 10Y*
- 5.00%
BBHY vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 1.89% | 8.51% | 7.81% | 11.98% | -10.37% | 3.88% | 5.36% | 14.35% | -2.50% | 6.57% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.65% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% | 4.47% | 14.09% | -2.02% | 6.07% |
Correlation
The correlation between BBHY and HYG is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2016 | 0.87 |
The correlation between BBHY and HYG shifts across timeframes, from 0.87 (all time) to 0.98 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BBHY vs. HYG — Risk / Return Rank
BBHY
HYG
BBHY vs. HYG - 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 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.
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 | HYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.31 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 2.67 | +0.15 |
| Martin ratioReturn relative to average drawdown | 12.61 | 11.73 | +0.88 |
Loading charts...
Drawdowns
BBHY vs. HYG - Drawdown Comparison
The maximum BBHY drawdown since its inception was -24.98%, smaller than the maximum HYG drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for BBHY and HYG.
Loading charts...
Drawdown Indicators
| BBHY | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.98% | -34.25% | +9.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.37% | -2.34% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -5.00% | -4.56% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | -15.79% | +0.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.03% | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.12% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -2.36% | -3.23% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.53% | 0.00% |
Volatility
BBHY vs. HYG - Volatility Comparison
The current volatility for JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) is 1.04%, while iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has a volatility of 1.12%. This indicates that BBHY experiences smaller price fluctuations and is considered to be less risky than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BBHY | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 1.12% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 3.12% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 3.89% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.28% | 7.54% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.52% | 8.29% | -0.77% |
BBHY vs. HYG - Expense Ratio Comparison
BBHY has a 0.15% expense ratio, which is lower than HYG's 0.49% expense ratio.
Dividends
BBHY vs. HYG - Dividend Comparison
BBHY's dividend yield for the trailing twelve months is around 6.92%, more than HYG's 5.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.90% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
Frequently Asked Questions
With a correlation of 0.97, BBHY and HYG 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.
HYG has higher volatility (1.12%) compared to BBHY (1.04%). In terms of maximum drawdown, BBHY dropped -24.98% vs HYG's -34.25%.
On 5-year performance, BBHY leads with 4.05% vs 3.77% for HYG. 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 5-year period, BBHY has performed better with a 4.05% return vs 3.77%. 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 0.49% for HYG.
BBHY has the higher dividend yield at 6.92%, compared with 5.90% for HYG.
BBHY tracks ICE BofA US High Yield Index, while HYG tracks Markit iBoxx USD Liquid High Yield Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.15% for BBHY and 0.49% for HYG.
BBHY currently has the higher Sharpe Ratio (1.83 vs 1.61), 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.
Find the right allocation for BBHY and HYG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer