BBHY vs. JQUA

Last updated Jun 6, 2026

BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) and JQUA (JPMorgan U.S. Quality Factor ETF) are both exchange-traded funds - BBHY is a High Yield Bonds fund tracking the ICE BofA US High Yield Index, while JQUA is a Large Cap Growth Equities fund tracking the JP Morgan US Quality Factor Index. Both are passively managed. Over the past 5 years, BBHY returned 4.03%/yr vs 13.27%/yr for JQUA. A 0.66 correlation means they provide meaningful diversification when combined. BBHY charges 0.15%/yr vs 0.12%/yr for JQUA.

Performance

BBHY vs. JQUA - 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 U.S. Quality Factor ETF (JQUA). 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 JQUA's 10.93% return.

BBHY

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

JQUA

• 1D: -2.82%
• 1M: 3.22%
• YTD: 10.93%
• 6M: 10.62%
• 1Y: 19.51%
• 3Y*: 19.44%
• 5Y*: 13.27%
• 10Y*: —

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

BBHY vs. JQUA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF	1.29%	8.51%	7.81%	11.98%	-10.37%	3.88%	5.36%	14.35%	-2.50%	0.69%
JQUA JPMorgan U.S. Quality Factor ETF	10.93%	11.69%	21.21%	25.13%	-13.45%	28.68%	16.56%	28.47%	-2.98%	5.07%

Correlation

The correlation between BBHY and JQUA 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	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Nov 10, 2017	0.66

The correlation between BBHY and JQUA has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.

BBHY vs. JQUA - Sectors Allocation Comparison

Sectors	BBHY	JQUA
Consumer Cyclical	10.0%	9.2%
Industrials	8.4%	7.6%
Communication Services	7.9%	5.5%
Healthcare	5.4%	7.2%
Energy	5.2%	3.2%
Financial Services	4.1%	10.2%
Technology	4.0%	41.9%
Real Estate	3.9%	2.1%
Basic Materials	3.2%	0.8%
Consumer Defensive	2.5%	5.3%
Utilities	2.0%	2.3%

Return for Risk

BBHY vs. JQUA — 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

JQUA

JQUA Risk / Return Rank: 54
JQUA Sharpe Ratio Rank: 51
JQUA Sortino Ratio Rank: 50
JQUA Omega Ratio Rank: 48
JQUA Calmar Ratio Rank: 57
JQUA Martin Ratio Rank: 65

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. JQUA - 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 U.S. Quality Factor ETF (JQUA). 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	JQUA	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.69	+0.19
Sortino ratio: Return per unit of downside risk	2.85	2.38	+0.46
Omega ratio: Gain probability vs. loss probability	1.37	1.29	+0.07
Calmar ratio: Return relative to maximum drawdown	2.89	2.75	+0.14
Martin ratio: Return relative to average drawdown	12.98	11.52	+1.47
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. JQUA - Sharpe Ratio Comparison

The current BBHY Sharpe Ratio is 1.89, which is comparable to the JQUA Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of BBHY and JQUA, 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	JQUA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	1.69	+0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.85	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.81	-0.17

Drawdowns

BBHY vs. JQUA - Drawdown Comparison

The maximum BBHY drawdown since its inception was -24.98%, smaller than the maximum JQUA drawdown of -32.92%. Use the drawdown chart below to compare losses from any high point for BBHY and JQUA.

Drawdown Indicators

	BBHY	JQUA	Difference
Max Drawdown Largest peak-to-trough decline	-24.98%	-32.92%	+7.94%
Max Drawdown (1Y) Largest decline over 1 year	-2.37%	-7.13%	+4.76%
Max Drawdown (3Y) Largest decline over 3 years	-5.00%	-16.81%	+11.81%
Max Drawdown (5Y) Largest decline over 5 years	-15.32%	-22.47%	+7.15%
Current Drawdown Current decline from peak	-0.58%	-3.09%	+2.51%
Average Drawdown Average peak-to-trough decline	-2.37%	-4.16%	+1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.53%	1.70%	-1.17%

Volatility

BBHY vs. JQUA - Volatility Comparison

The current volatility for JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) is 1.16%, while JPMorgan U.S. Quality Factor ETF (JQUA) has a volatility of 4.19%. This indicates that BBHY experiences smaller price fluctuations and is considered to be less risky than JQUA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBHY	JQUA	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.16%	4.19%	-3.03%
Volatility (6M) Calculated over the trailing 6-month period	2.89%	8.82%	-5.93%
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	11.57%	-7.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.26%	15.66%	-8.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.53%	18.01%	-10.48%

BBHY vs. JQUA - Expense Ratio Comparison

BBHY has a 0.15% expense ratio, which is higher than JQUA's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BBHY vs. JQUA - Dividend Comparison

BBHY's dividend yield for the trailing twelve months is around 6.97%, more than JQUA's 1.10% 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%
JQUA JPMorgan U.S. Quality Factor ETF	1.10%	1.19%	1.24%	1.21%	1.60%	1.32%	1.44%	1.67%	2.10%	0.40%	0.00%

Frequently Asked Questions

Can I hold both BBHY and JQUA in my portfolio?

BBHY and JQUA 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.

Which is riskier, BBHY or JQUA?

JQUA has higher volatility (4.19%) compared to BBHY (1.16%). In terms of maximum drawdown, BBHY dropped -24.98% vs JQUA's -32.92%.

Which ETF is better, BBHY or JQUA?

On 5-year performance, JQUA leads with 13.27% vs 4.03% for BBHY. On fees, JQUA is cheaper at 0.12% 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 JQUA?

Over the 5-year period, JQUA has performed better with a 13.27% return vs 4.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBHY or JQUA?

JQUA is cheaper with a 0.12% expense ratio, compared with 0.15% for BBHY.

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

BBHY has the higher dividend yield at 6.97%, compared with 1.10% for JQUA.

What is the main difference between BBHY and JQUA?

BBHY is categorized as High Yield Bonds, while JQUA is Large Cap Growth Equities. BBHY tracks ICE BofA US High Yield Index, while JQUA tracks JP Morgan US Quality Factor Index. Their fees differ too: 0.15% for BBHY and 0.12% for JQUA.

Which has better risk-adjusted returns?

BBHY currently has the higher Sharpe Ratio (1.89 vs 1.69), 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.