BBHY vs. RPELX

Last updated Jun 6, 2026

BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) and RPELX (T. Rowe Price Dynamic Credit Fund) are both funds - BBHY is a High Yield Bonds fund tracking the ICE BofA US High Yield Index, while RPELX is a Nontraditional Bonds fund managed by T. Rowe Price. Over the past 5 years, BBHY returned 4.03%/yr vs 3.05%/yr for RPELX. At a 0.01 correlation, their price movements are largely independent. BBHY charges 0.15%/yr vs 0.56%/yr for RPELX.

Performance

BBHY vs. RPELX - 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 T. Rowe Price Dynamic Credit Fund (RPELX). 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 RPELX's 0.19% return.

BBHY

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

RPELX

• 1D: 0.00%
• 1M: -0.62%
• YTD: 0.19%
• 6M: 0.38%
• 1Y: 4.59%
• 3Y*: 5.87%
• 5Y*: 3.05%
• 10Y*: —

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

BBHY vs. RPELX - 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%	11.42%
RPELX T. Rowe Price Dynamic Credit Fund	0.19%	7.13%	7.47%	2.92%	-0.81%	6.37%	2.52%	7.00%

Correlation

The correlation between BBHY and RPELX is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Jan 16, 2019	0.01

Return for Risk

BBHY vs. RPELX — 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

RPELX

RPELX Risk / Return Rank: 46
RPELX Sharpe Ratio Rank: 28
RPELX Sortino Ratio Rank: 43
RPELX Omega Ratio Rank: 40
RPELX Calmar Ratio Rank: 77
RPELX Martin Ratio Rank: 43

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. RPELX - 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 T. Rowe Price Dynamic Credit Fund (RPELX). 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	RPELX	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.45	+0.44
Sortino ratio: Return per unit of downside risk	2.85	2.68	+0.16
Omega ratio: Gain probability vs. loss probability	1.37	1.32	+0.04
Calmar ratio: Return relative to maximum drawdown	2.89	3.33	-0.43
Martin ratio: Return relative to average drawdown	12.98	8.84	+4.14
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. RPELX - Sharpe Ratio Comparison

The current BBHY Sharpe Ratio is 1.89, which is comparable to the RPELX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of BBHY and RPELX, 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	RPELX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	1.45	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.82	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.93	-0.29

Drawdowns

BBHY vs. RPELX - Drawdown Comparison

The maximum BBHY drawdown since its inception was -24.98%, which is greater than RPELX's maximum drawdown of -19.94%. Use the drawdown chart below to compare losses from any high point for BBHY and RPELX.

Drawdown Indicators

	BBHY	RPELX	Difference
Max Drawdown Largest peak-to-trough decline	-24.98%	-19.94%	-5.04%
Max Drawdown (1Y) Largest decline over 1 year	-2.37%	-1.38%	-0.99%
Max Drawdown (3Y) Largest decline over 3 years	-5.00%	-3.16%	-1.84%
Max Drawdown (5Y) Largest decline over 5 years	-15.32%	-7.25%	-8.07%
Current Drawdown Current decline from peak	-0.58%	-0.85%	+0.27%
Average Drawdown Average peak-to-trough decline	-2.37%	-1.95%	-0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.53%	0.52%	+0.01%

Volatility

BBHY vs. RPELX - Volatility Comparison

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) has a higher volatility of 1.16% compared to T. Rowe Price Dynamic Credit Fund (RPELX) at 0.74%. This indicates that BBHY's price experiences larger fluctuations and is considered to be riskier than RPELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBHY	RPELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.16%	0.74%	+0.42%
Volatility (6M) Calculated over the trailing 6-month period	2.89%	2.55%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	3.18%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.26%	3.76%	+3.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.53%	4.74%	+2.79%

BBHY vs. RPELX - Expense Ratio Comparison

BBHY has a 0.15% expense ratio, which is lower than RPELX's 0.56% expense ratio.

Dividends

BBHY vs. RPELX - Dividend Comparison

BBHY's dividend yield for the trailing twelve months is around 6.97%, less than RPELX's 7.44% 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%
RPELX T. Rowe Price Dynamic Credit Fund	7.44%	7.49%	6.95%	4.90%	8.05%	5.39%	7.16%	4.43%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBHY and RPELX in my portfolio?

BBHY and RPELX have a correlation of -0.02, 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 RPELX?

BBHY has higher volatility (1.16%) compared to RPELX (0.74%). In terms of maximum drawdown, BBHY dropped -24.98% vs RPELX's -19.94%.

Which has better risk-adjusted returns?

BBHY currently has the higher Sharpe Ratio (1.89 vs 1.45), 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.