BBHY vs. IBHH
BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) and IBHH (iShares iBonds 2028 Term High Yield and Income ETF) are both High Yield Bonds funds - BBHY tracks the ICE BofA US High Yield Index while IBHH tracks the Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, BBHY returned 8.84%/yr vs 8.78%/yr for IBHH. Their correlation of 0.87 suggests significant overlap in exposure. BBHY charges 0.15%/yr vs 0.35%/yr for IBHH.
Performance
BBHY vs. IBHH - 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 IBHH's 1.85% return.
BBHY
- 1D
- -0.15%
- 1M
- 0.49%
- YTD
- 1.73%
- 6M
- 1.91%
- 1Y
- 6.31%
- 3Y*
- 8.84%
- 5Y*
- 3.97%
- 10Y*
- —
IBHH
- 1D
- 0.02%
- 1M
- 0.44%
- YTD
- 1.85%
- 6M
- 2.22%
- 1Y
- 5.85%
- 3Y*
- 8.78%
- 5Y*
- —
- 10Y*
- —
BBHY vs. IBHH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 1.73% | 8.51% | 7.81% | 11.98% | -5.66% |
IBHH iShares iBonds 2028 Term High Yield and Income ETF | 1.85% | 8.02% | 7.53% | 12.87% | -6.70% |
Correlation
The correlation between BBHY and IBHH is 0.83, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2022 | 0.87 |
The correlation between BBHY and IBHH has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.
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Return for Risk
BBHY vs. IBHH — Risk / Return Rank
BBHY
IBHH
BBHY vs. IBHH - 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 iBonds 2028 Term High Yield and Income ETF (IBHH). 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 | IBHH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.40 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 4.80 | -2.13 |
| Martin ratioReturn relative to average drawdown | 11.90 | 19.19 | -7.29 |
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Drawdowns
BBHY vs. IBHH - Drawdown Comparison
The maximum BBHY drawdown since its inception was -24.98%, which is greater than IBHH's maximum drawdown of -12.05%. Use the drawdown chart below to compare losses from any high point for BBHY and IBHH.
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Drawdown Indicators
| BBHY | IBHH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.98% | -12.05% | -12.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.37% | -1.22% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -5.00% | -4.66% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | — | — |
Current DrawdownCurrent decline from peak | -0.29% | -0.06% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -2.36% | -2.27% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.31% | +0.22% |
Volatility
BBHY vs. IBHH - Volatility Comparison
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) has a higher volatility of 1.05% compared to iShares iBonds 2028 Term High Yield and Income ETF (IBHH) at 0.69%. This indicates that BBHY's price experiences larger fluctuations and is considered to be riskier than IBHH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBHY | IBHH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 0.69% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 2.11% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 2.79% | +0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.28% | 7.22% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.52% | 7.22% | +0.30% |
BBHY vs. IBHH - Expense Ratio Comparison
BBHY has a 0.15% expense ratio, which is lower than IBHH's 0.35% expense ratio.
Dividends
BBHY vs. IBHH - Dividend Comparison
BBHY's dividend yield for the trailing twelve months is around 6.94%, more than IBHH's 6.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IBHH iShares iBonds 2028 Term High Yield and Income ETF | 6.25% | 6.39% | 6.93% | 6.65% | 5.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BBHY and IBHH have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBHY has higher volatility (1.05%) compared to IBHH (0.69%). In terms of maximum drawdown, BBHY dropped -24.98% vs IBHH's -12.05%.
On 3-year performance, BBHY leads with 8.84% vs 8.78% for IBHH. On fees, BBHY is cheaper at 0.15% per year. On volatility, IBHH has been the lower-risk option at 0.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BBHY has performed better with a 8.84% return vs 8.78%. 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 0.35% for IBHH.
BBHY has the higher dividend yield at 6.94%, compared with 6.25% for IBHH.
BBHY tracks ICE BofA US High Yield Index, while IBHH tracks Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.15% for BBHY and 0.35% for IBHH.
IBHH currently has the higher Sharpe Ratio (2.10 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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