BBHY vs. HYZD
BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) and HYZD (WisdomTree Interest Rate Hedged High Yield Bond Fund) are both High Yield Bonds funds - BBHY tracks the ICE BofA US High Yield Index while HYZD tracks the WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index. Both are passively managed. Over the past 5 years, BBHY returned 3.97%/yr vs 6.14%/yr for HYZD. A 0.51 correlation means they provide meaningful diversification when combined. BBHY charges 0.15%/yr vs 0.43%/yr for HYZD.
Performance
BBHY vs. HYZD - Performance Comparison
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Returns By Period
In the year-to-date period, BBHY achieves a 1.73% return, which is significantly lower than HYZD's 2.95% return.
BBHY
- 1D
- -0.15%
- 1M
- 0.49%
- YTD
- 1.73%
- 6M
- 1.91%
- 1Y
- 6.31%
- 3Y*
- 8.84%
- 5Y*
- 3.97%
- 10Y*
- —
HYZD
- 1D
- -0.18%
- 1M
- 0.40%
- YTD
- 2.95%
- 6M
- 3.10%
- 1Y
- 7.29%
- 3Y*
- 9.45%
- 5Y*
- 6.14%
- 10Y*
- 5.67%
BBHY vs. HYZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 1.73% | 8.51% | 7.81% | 11.98% | -10.37% | 3.88% | 5.36% | 14.35% | -2.50% | 6.57% |
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 2.95% | 7.67% | 9.39% | 11.17% | -2.35% | 6.27% | -0.63% | 9.17% | -2.21% | 6.32% |
Correlation
The correlation between BBHY and HYZD is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2016 | 0.51 |
The correlation between BBHY and HYZD shifts across timeframes, from 0.38 (1 year) to 0.61 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BBHY vs. HYZD — Risk / Return Rank
BBHY
HYZD
BBHY vs. HYZD - 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 WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD). 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 | HYZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.49 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 3.83 | -1.16 |
| Martin ratioReturn relative to average drawdown | 11.90 | 16.42 | -4.52 |
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Drawdowns
BBHY vs. HYZD - Drawdown Comparison
The maximum BBHY drawdown since its inception was -24.98%, roughly equal to the maximum HYZD drawdown of -25.66%. Use the drawdown chart below to compare losses from any high point for BBHY and HYZD.
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Drawdown Indicators
| BBHY | HYZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.98% | -25.66% | +0.68% |
Max Drawdown (1Y)Largest decline over 1 year | -2.37% | -1.91% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -5.00% | -5.85% | +0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | -8.97% | -6.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.66% | — |
Current DrawdownCurrent decline from peak | -0.29% | -0.18% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -2.36% | -2.19% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.44% | +0.09% |
Volatility
BBHY vs. HYZD - Volatility Comparison
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) and WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) have volatilities of 1.05% and 1.10%, 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.
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Volatility by Period
| BBHY | HYZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 1.10% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 2.44% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 3.05% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.28% | 6.71% | +0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.52% | 8.55% | -1.03% |
BBHY vs. HYZD - Expense Ratio Comparison
BBHY has a 0.15% expense ratio, which is lower than HYZD's 0.43% expense ratio.
Dividends
BBHY vs. HYZD - Dividend Comparison
BBHY's dividend yield for the trailing twelve months is around 6.94%, more than HYZD's 5.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 6.94% | 7.24% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% | 0.00% |
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 5.86% | 6.05% | 6.08% | 5.94% | 5.14% | 4.02% | 5.13% | 5.50% | 5.58% | 4.94% | 5.07% | 4.38% |
Frequently Asked Questions
BBHY and HYZD have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYZD has higher volatility (1.10%) compared to BBHY (1.05%). In terms of maximum drawdown, BBHY dropped -24.98% vs HYZD's -25.66%.
On 5-year performance, HYZD leads with 6.14% vs 3.97% 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 5-year period, HYZD has performed better with a 6.14% return vs 3.97%. 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 0.43% for HYZD.
BBHY has the higher dividend yield at 6.94%, compared with 5.86% for HYZD.
BBHY tracks ICE BofA US High Yield Index, while HYZD tracks WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index. They also come from different issuers: JPMorgan and WisdomTree. Their fees differ too: 0.15% for BBHY and 0.43% for HYZD.
HYZD currently has the higher Sharpe Ratio (2.41 vs 1.73), 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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