BBHY vs. JCPB

Last updated Jun 6, 2026

BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) and JCPB (JPMorgan Core Plus Bond ETF) are both exchange-traded funds - BBHY is a High Yield Bonds fund tracking the ICE BofA US High Yield Index, while JCPB is a Intermediate Core-Plus Bond fund actively managed by JPMorgan. BBHY is passively managed, while JCPB is actively managed. Over the past 5 years, BBHY returned 4.03%/yr vs 1.05%/yr for JCPB. At a 0.41 correlation, their price movements are largely independent. BBHY charges 0.15%/yr vs 0.38%/yr for JCPB.

Performance

BBHY vs. JCPB - 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 JPMorgan Core Plus Bond ETF (JCPB). 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 JCPB's 0.28% return.

BBHY

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

JCPB

• 1D: -0.43%
• 1M: -0.58%
• YTD: 0.28%
• 6M: 0.56%
• 1Y: 5.38%
• 3Y*: 4.91%
• 5Y*: 1.05%
• 10Y*: —

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

BBHY vs. JCPB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF	1.29%	8.51%	7.81%	11.98%	-10.37%	3.88%	5.36%	10.14%
JCPB JPMorgan Core Plus Bond ETF	0.28%	7.98%	2.96%	7.13%	-12.90%	-0.51%	9.19%	7.76%

Correlation

The correlation between BBHY and JCPB is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jan 31, 2019	0.41

The correlation between BBHY and JCPB shifts across timeframes, from 0.41 (all time) to 0.63 (3 years), reflecting how their relationship changes across market environments.

BBHY vs. JCPB - Sectors Allocation Comparison

Sectors	BBHY	JCPB
Consumer Cyclical	10.0%	1.4%
Industrials	8.4%	0.6%
Communication Services	7.9%	16.3%
Healthcare	5.4%	3.9%
Energy	5.2%	1.6%
Financial Services	4.1%	13.9%
Technology	4.0%	9.1%
Real Estate	3.9%	4.6%
Basic Materials	3.2%	0.4%
Consumer Defensive	2.5%	0.5%
Utilities	2.0%	1.9%

Return for Risk

BBHY vs. JCPB — 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

JCPB

JCPB Risk / Return Rank: 42
JCPB Sharpe Ratio Rank: 42
JCPB Sortino Ratio Rank: 44
JCPB Omega Ratio Rank: 41
JCPB Calmar Ratio Rank: 42
JCPB Martin Ratio Rank: 40

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. JCPB - 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 JPMorgan Core Plus Bond ETF (JCPB). 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	JCPB	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.44	+0.44
Sortino ratio: Return per unit of downside risk	2.85	2.12	+0.73
Omega ratio: Gain probability vs. loss probability	1.37	1.26	+0.11
Calmar ratio: Return relative to maximum drawdown	2.89	1.99	+0.90
Martin ratio: Return relative to average drawdown	12.98	6.00	+6.98
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. JCPB - Sharpe Ratio Comparison

The current BBHY Sharpe Ratio is 1.89, which is higher than the JCPB Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of BBHY and JCPB, 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	JCPB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	1.44	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.20	+0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.54	+0.10

Drawdowns

BBHY vs. JCPB - Drawdown Comparison

The maximum BBHY drawdown since its inception was -24.98%, which is greater than JCPB's maximum drawdown of -16.67%. Use the drawdown chart below to compare losses from any high point for BBHY and JCPB.

Drawdown Indicators

	BBHY	JCPB	Difference
Max Drawdown Largest peak-to-trough decline	-24.98%	-16.67%	-8.31%
Max Drawdown (1Y) Largest decline over 1 year	-2.37%	-2.71%	+0.34%
Max Drawdown (3Y) Largest decline over 3 years	-5.00%	-5.97%	+0.97%
Max Drawdown (5Y) Largest decline over 5 years	-15.32%	-16.67%	+1.35%
Current Drawdown Current decline from peak	-0.58%	-1.78%	+1.20%
Average Drawdown Average peak-to-trough decline	-2.37%	-4.26%	+1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.53%	0.90%	-0.37%

Volatility

BBHY vs. JCPB - Volatility Comparison

The current volatility for JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) is 1.16%, while JPMorgan Core Plus Bond ETF (JCPB) has a volatility of 1.24%. This indicates that BBHY experiences smaller price fluctuations and is considered to be less risky than JCPB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBHY	JCPB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.16%	1.24%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	2.89%	2.75%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	3.75%	-0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.26%	5.39%	+1.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.53%	5.05%	+2.48%

BBHY vs. JCPB - Expense Ratio Comparison

BBHY has a 0.15% expense ratio, which is lower than JCPB's 0.38% expense ratio.

Dividends

BBHY vs. JCPB - Dividend Comparison

BBHY's dividend yield for the trailing twelve months is around 6.97%, more than JCPB's 4.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
JCPB JPMorgan Core Plus Bond ETF	4.94%	4.90%	5.16%	4.32%	3.01%	2.19%	2.97%	3.01%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBHY and JCPB in my portfolio?

BBHY and JCPB have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBHY or JCPB?

JCPB has higher volatility (1.24%) compared to BBHY (1.16%). In terms of maximum drawdown, BBHY dropped -24.98% vs JCPB's -16.67%.

Which ETF is better, BBHY or JCPB?

On 5-year performance, BBHY leads with 4.03% vs 1.05% for JCPB. 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 JCPB?

Over the 5-year period, BBHY has performed better with a 4.03% return vs 1.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBHY or JCPB?

BBHY is cheaper with a 0.15% expense ratio, compared with 0.38% for JCPB.

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

BBHY has the higher dividend yield at 6.97%, compared with 4.94% for JCPB.

What is the main difference between BBHY and JCPB?

BBHY is categorized as High Yield Bonds, while JCPB is Intermediate Core-Plus Bond. Their fees differ too: 0.15% for BBHY and 0.38% for JCPB.

Which has better risk-adjusted returns?

BBHY currently has the higher Sharpe Ratio (1.89 vs 1.44), 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.