BBHY vs. JEPQ

Last updated Jun 6, 2026

BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - BBHY is a High Yield Bonds fund tracking the ICE BofA US High Yield Index, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, BBHY returned 8.52%/yr vs 19.56%/yr for JEPQ. A 0.62 correlation means they provide meaningful diversification when combined. BBHY charges 0.15%/yr vs 0.35%/yr for JEPQ.

Performance

BBHY vs. JEPQ - 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 Nasdaq Equity Premium Income ETF (JEPQ). 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 lower than JEPQ's 6.12% return.

BBHY

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

JEPQ

• 1D: -3.01%
• 1M: 0.08%
• YTD: 6.12%
• 6M: 5.89%
• 1Y: 25.16%
• 3Y*: 19.56%
• 5Y*: —
• 10Y*: —

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

BBHY vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF	1.29%	8.51%	7.81%	11.98%	-2.86%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	6.12%	15.18%	24.85%	36.28%	-12.89%

Correlation

The correlation between BBHY and JEPQ is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.62

The correlation between BBHY and JEPQ has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.

BBHY vs. JEPQ - Sectors Allocation Comparison

Sectors	BBHY	JEPQ
Consumer Cyclical	10.0%	12.8%
Industrials	8.4%	3.1%
Communication Services	7.9%	15.4%
Healthcare	5.4%	4.4%
Energy	5.2%	0.4%
Financial Services	4.1%	0.4%
Technology	4.0%	54.0%
Real Estate	3.9%	0.2%
Basic Materials	3.2%	1.0%
Consumer Defensive	2.5%	7.1%
Utilities	2.0%	1.3%

Return for Risk

BBHY vs. JEPQ — 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

JEPQ

JEPQ Risk / Return Rank: 65
JEPQ Sharpe Ratio Rank: 64
JEPQ Sortino Ratio Rank: 58
JEPQ Omega Ratio Rank: 71
JEPQ Calmar Ratio Rank: 59
JEPQ Martin Ratio Rank: 75

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. JEPQ - 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 Nasdaq Equity Premium Income ETF (JEPQ). 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	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	1.89	2.09	-0.20
Sortino ratio: Return per unit of downside risk	2.85	2.73	+0.12
Omega ratio: Gain probability vs. loss probability	1.37	1.41	-0.05
Calmar ratio: Return relative to maximum drawdown	2.89	2.87	+0.03
Martin ratio: Return relative to average drawdown	12.98	13.99	-1.00
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. JEPQ - Sharpe Ratio Comparison

The current BBHY Sharpe Ratio is 1.89, which is comparable to the JEPQ Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of BBHY and JEPQ, 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	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	2.09	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.94	-0.31

Drawdowns

BBHY vs. JEPQ - Drawdown Comparison

The maximum BBHY drawdown since its inception was -24.98%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for BBHY and JEPQ.

Drawdown Indicators

	BBHY	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-24.98%	-20.07%	-4.91%
Max Drawdown (1Y) Largest decline over 1 year	-2.37%	-8.82%	+6.45%
Max Drawdown (3Y) Largest decline over 3 years	-5.00%	-20.07%	+15.07%
Max Drawdown (5Y) Largest decline over 5 years	-15.32%	—	—
Current Drawdown Current decline from peak	-0.58%	-3.22%	+2.64%
Average Drawdown Average peak-to-trough decline	-2.37%	-3.42%	+1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.53%	1.80%	-1.27%

Volatility

BBHY vs. JEPQ - Volatility Comparison

The current volatility for JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) is 1.16%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 3.44%. This indicates that BBHY experiences smaller price fluctuations and is considered to be less risky than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBHY	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.16%	3.44%	-2.28%
Volatility (6M) Calculated over the trailing 6-month period	2.89%	9.59%	-6.70%
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	12.13%	-8.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.26%	16.66%	-9.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.53%	16.66%	-9.13%

BBHY vs. JEPQ - Expense Ratio Comparison

BBHY has a 0.15% expense ratio, which is lower than JEPQ's 0.35% expense ratio.

Dividends

BBHY vs. JEPQ - Dividend Comparison

BBHY's dividend yield for the trailing twelve months is around 6.97%, less than JEPQ's 10.39% 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%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.39%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBHY and JEPQ in my portfolio?

BBHY and JEPQ have a correlation of 0.64, 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 JEPQ?

JEPQ has higher volatility (3.44%) compared to BBHY (1.16%). In terms of maximum drawdown, BBHY dropped -24.98% vs JEPQ's -20.07%.

Which ETF is better, BBHY or JEPQ?

On 3-year performance, JEPQ leads with 19.56% vs 8.52% for BBHY. On fees, BBHY is cheaper at 0.15% per year. On volatility, BBHY has been the lower-risk option at 1.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBHY or JEPQ?

Over the 3-year period, JEPQ has performed better with a 19.56% return vs 8.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBHY or JEPQ?

BBHY is cheaper with a 0.15% expense ratio, compared with 0.35% for JEPQ.

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

JEPQ has the higher dividend yield at 10.39%, compared with 6.97% for BBHY.

What is the main difference between BBHY and JEPQ?

BBHY is categorized as High Yield Bonds, while JEPQ is Nasdaq-100. BBHY tracks ICE BofA US High Yield Index, while JEPQ tracks Nasdaq-100 Index. Their fees differ too: 0.15% for BBHY and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.08 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.