BBHY vs. JPIE
BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) and JPIE (JPMorgan Income ETF) are both exchange-traded funds - BBHY is a High Yield Bonds fund tracking the ICE BofA US High Yield Index, while JPIE is a Multisector Bonds fund actively managed by JPMorgan. BBHY is passively managed, while JPIE is actively managed. Over the past 3 years, BBHY returned 8.52%/yr vs 6.47%/yr for JPIE. A 0.69 correlation means they provide meaningful diversification when combined. BBHY charges 0.15%/yr vs 0.40%/yr for JPIE.
Performance
BBHY vs. JPIE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BBHY having a 1.29% return and JPIE slightly higher at 1.32%.
BBHY
- 1D
- -0.44%
- 1M
- -0.32%
- YTD
- 1.29%
- 6M
- 1.70%
- 1Y
- 6.84%
- 3Y*
- 8.52%
- 5Y*
- 4.03%
- 10Y*
- —
JPIE
- 1D
- -0.20%
- 1M
- -0.00%
- YTD
- 1.32%
- 6M
- 1.83%
- 1Y
- 5.70%
- 3Y*
- 6.47%
- 5Y*
- —
- 10Y*
- —
BBHY vs. JPIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 1.29% | 8.51% | 7.81% | 11.98% | -10.37% | 0.98% |
JPIE JPMorgan Income ETF | 1.32% | 7.39% | 6.32% | 7.07% | -6.13% | 0.30% |
Correlation
The correlation between BBHY and JPIE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021 | 0.69 |
The correlation between BBHY and JPIE has been stable across timeframes, ranging from 0.68 to 0.71 - a consistent structural relationship.
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Return for Risk
BBHY vs. JPIE — Risk / Return Rank
BBHY
JPIE
BBHY vs. JPIE - 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 Income ETF (JPIE). 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 | JPIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.80 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 4.99 | -2.10 |
| Martin ratioReturn relative to average drawdown | 12.98 | 24.77 | -11.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BBHY | JPIE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 3.58 | -1.70 |
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 | 0.97 | -0.34 |
Drawdowns
BBHY vs. JPIE - Drawdown Comparison
The maximum BBHY drawdown since its inception was -24.98%, which is greater than JPIE's maximum drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for BBHY and JPIE.
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Drawdown Indicators
| BBHY | JPIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.98% | -9.96% | -15.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.37% | -1.15% | -1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -5.00% | -2.40% | -2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | — | — |
Current DrawdownCurrent decline from peak | -0.58% | -0.24% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -2.09% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.23% | +0.30% |
Volatility
BBHY vs. JPIE - Volatility Comparison
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) has a higher volatility of 1.16% compared to JPMorgan Income ETF (JPIE) at 0.61%. This indicates that BBHY's price experiences larger fluctuations and is considered to be riskier than JPIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBHY | JPIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 0.61% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 1.29% | +1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 1.60% | +2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.26% | 3.52% | +3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.53% | 3.52% | +4.01% |
BBHY vs. JPIE - Expense Ratio Comparison
BBHY has a 0.15% expense ratio, which is lower than JPIE's 0.40% expense ratio.
Dividends
BBHY vs. JPIE - Dividend Comparison
BBHY's dividend yield for the trailing twelve months is around 6.97%, more than JPIE's 5.63% 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% |
JPIE JPMorgan Income ETF | 5.63% | 5.65% | 6.11% | 5.70% | 4.49% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BBHY and JPIE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBHY has higher volatility (1.16%) compared to JPIE (0.61%). In terms of maximum drawdown, BBHY dropped -24.98% vs JPIE's -9.96%.
On 3-year performance, BBHY leads with 8.52% vs 6.47% for JPIE. On fees, BBHY is cheaper at 0.15% per year. On volatility, JPIE has been the lower-risk option at 0.61%. 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 8.52% return vs 6.47%. 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 0.40% for JPIE.
BBHY has the higher dividend yield at 6.97%, compared with 5.63% for JPIE.
BBHY is categorized as High Yield Bonds, while JPIE is Multisector Bonds. Their fees differ too: 0.15% for BBHY and 0.40% for JPIE.
JPIE currently has the higher Sharpe Ratio (3.58 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.
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