BBHY vs. HYS

Last updated Jun 6, 2026

BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) and HYS (PIMCO 0-5 Year High Yield Corporate Bond Index ETF) are both High Yield Bonds funds - BBHY tracks the ICE BofA US High Yield Index while HYS tracks the ICE BofA US High Yield Constrained (0-5 Y). Both are passively managed. Over the past 5 years, BBHY returned 4.03%/yr vs 5.03%/yr for HYS. Their correlation of 0.81 suggests significant overlap in exposure. BBHY charges 0.15%/yr vs 0.56%/yr for HYS.

Performance

BBHY vs. HYS - 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 PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBHY achieves a 1.29% return, which is significantly higher than HYS's 1.08% return.

BBHY

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

HYS

• 1D: -0.26%
• 1M: -0.19%
• YTD: 1.08%
• 6M: 1.71%
• 1Y: 6.72%
• 3Y*: 8.45%
• 5Y*: 5.03%
• 10Y*: 5.26%

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

BBHY vs. HYS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF	1.29%	8.51%	7.81%	11.98%	-10.37%	3.88%	5.36%	14.35%	-2.50%	6.57%
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF	1.08%	8.80%	8.42%	11.38%	-5.42%	4.77%	3.27%	10.22%	-1.05%	5.75%

Correlation

The correlation between BBHY and HYS 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 (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Sep 16, 2016	0.81

The correlation between BBHY and HYS shifts across timeframes, from 0.81 (all time) to 0.93 (5 years), reflecting how their relationship changes across market environments.

BBHY vs. HYS - Sectors Allocation Comparison

Sectors	BBHY	HYS
Consumer Cyclical	10.0%	-
Industrials	8.4%	-
Communication Services	7.9%	100.0%
Healthcare	5.4%	-
Energy	5.2%	-
Financial Services	4.1%	-
Technology	4.0%	-
Real Estate	3.9%	-
Basic Materials	3.2%	-
Consumer Defensive	2.5%	-
Utilities	2.0%	-

Return for Risk

BBHY vs. HYS — 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

HYS

HYS Risk / Return Rank: 68
HYS Sharpe Ratio Rank: 60
HYS Sortino Ratio Rank: 68
HYS Omega Ratio Rank: 63
HYS Calmar Ratio Rank: 74
HYS Martin Ratio Rank: 78

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. HYS - 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 PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS). 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	HYS	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.94	-0.05
Sortino ratio: Return per unit of downside risk	2.85	3.01	-0.16
Omega ratio: Gain probability vs. loss probability	1.37	1.37	0.00
Calmar ratio: Return relative to maximum drawdown	2.89	3.58	-0.69
Martin ratio: Return relative to average drawdown	12.98	14.59	-1.61
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. HYS - Sharpe Ratio Comparison

The current BBHY Sharpe Ratio is 1.89, which is comparable to the HYS Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of BBHY and HYS, 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	HYS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	1.94	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.81	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.81	-0.17

Drawdowns

BBHY vs. HYS - Drawdown Comparison

The maximum BBHY drawdown since its inception was -24.98%, which is greater than HYS's maximum drawdown of -20.91%. Use the drawdown chart below to compare losses from any high point for BBHY and HYS.

Drawdown Indicators

	BBHY	HYS	Difference
Max Drawdown Largest peak-to-trough decline	-24.98%	-20.91%	-4.07%
Max Drawdown (1Y) Largest decline over 1 year	-2.37%	-1.88%	-0.49%
Max Drawdown (3Y) Largest decline over 3 years	-5.00%	-4.98%	-0.02%
Max Drawdown (5Y) Largest decline over 5 years	-15.32%	-10.61%	-4.71%
Max Drawdown (10Y) Largest decline over 10 years	—	-20.91%	—
Current Drawdown Current decline from peak	-0.58%	-0.39%	-0.19%
Average Drawdown Average peak-to-trough decline	-2.37%	-1.53%	-0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.53%	0.46%	+0.07%

Volatility

BBHY vs. HYS - Volatility Comparison

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) have volatilities of 1.16% and 1.18%, 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	HYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.16%	1.18%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	2.89%	2.73%	+0.16%
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	3.48%	+0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.26%	6.26%	+1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.53%	6.84%	+0.69%

BBHY vs. HYS - Expense Ratio Comparison

BBHY has a 0.15% expense ratio, which is lower than HYS's 0.56% expense ratio.

Dividends

BBHY vs. HYS - Dividend Comparison

BBHY's dividend yield for the trailing twelve months is around 6.97%, less than HYS's 7.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF	7.38%	7.20%	7.43%	6.44%	5.01%	3.74%	4.52%	4.98%	4.64%	5.01%	5.13%	5.22%

Frequently Asked Questions

Can I hold both BBHY and HYS in my portfolio?

With a correlation of 0.92, BBHY and HYS 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.

Which is riskier, BBHY or HYS?

HYS has higher volatility (1.18%) compared to BBHY (1.16%). In terms of maximum drawdown, BBHY dropped -24.98% vs HYS's -20.91%.

Which ETF is better, BBHY or HYS?

On 5-year performance, HYS leads with 5.03% vs 4.03% 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 HYS?

Over the 5-year period, HYS has performed better with a 5.03% return vs 4.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBHY or HYS?

BBHY is cheaper with a 0.15% expense ratio, compared with 0.56% for HYS.

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

HYS has the higher dividend yield at 7.38%, compared with 6.97% for BBHY.

What is the main difference between BBHY and HYS?

BBHY tracks ICE BofA US High Yield Index, while HYS tracks ICE BofA US High Yield Constrained (0-5 Y). They also come from different issuers: JPMorgan and PIMCO. Their fees differ too: 0.15% for BBHY and 0.56% for HYS.

Which has better risk-adjusted returns?

HYS currently has the higher Sharpe Ratio (1.94 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.