BBHY vs. JNK
Compare and contrast key facts about JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) and SPDR Barclays High Yield Bond ETF (JNK).
BBHY and JNK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBHY is a passively managed fund by JPMorgan that tracks the performance of the ICE BofA US High Yield Index. It was launched on Sep 15, 2016. JNK is a passively managed fund by State Street that tracks the performance of the Barclays Capital High Yield Very Liquid Index. It was launched on Nov 28, 2007. Both BBHY and JNK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBHY or JNK.
Key characteristics
| BBHY | JNK | |
|---|---|---|
| YTD Return | 7.34% | 7.36% |
| 1Y Return | 13.58% | 13.57% |
| 3Y Return (Ann) | 2.59% | 2.02% |
| 5Y Return (Ann) | 3.75% | 3.41% |
| Sharpe Ratio | 2.58 | 2.40 |
| Daily Std Dev | 5.15% | 5.50% |
| Max Drawdown | -24.98% | -38.48% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between BBHY and JNK is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BBHY vs. JNK - Performance Comparison
The year-to-date returns for both investments are quite close, with BBHY having a 7.34% return and JNK slightly higher at 7.36%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BBHY vs. JNK - Expense Ratio Comparison
BBHY has a 0.15% expense ratio, which is lower than JNK's 0.40% expense ratio.
Risk-Adjusted Performance
BBHY vs. JNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) and SPDR Barclays High Yield Bond ETF (JNK). 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.
Dividends
BBHY vs. JNK - Dividend Comparison
BBHY's dividend yield for the trailing twelve months is around 6.80%, more than JNK's 6.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 6.80% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% | 0.00% | 0.00% | 0.00% |
JNK SPDR Barclays High Yield Bond ETF | 6.46% | 6.38% | 6.06% | 4.27% | 5.11% | 5.44% | 5.90% | 5.60% | 6.06% | 6.59% | 5.99% | 6.05% |
Drawdowns
BBHY vs. JNK - Drawdown Comparison
The maximum BBHY drawdown since its inception was -24.98%, smaller than the maximum JNK drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for BBHY and JNK. For additional features, visit the drawdowns tool.
Volatility
BBHY vs. JNK - Volatility Comparison
The current volatility for JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) is 0.95%, while SPDR Barclays High Yield Bond ETF (JNK) has a volatility of 1.02%. This indicates that BBHY experiences smaller price fluctuations and is considered to be less risky than JNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.