BBHY vs. SCYB
BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) and SCYB (Schwab High Yield Bond ETF) are both High Yield Bonds funds - BBHY tracks the ICE BofA US High Yield Index while SCYB tracks the ICE BofA US Cash Pay High Yield Constrained Index. Both are passively managed. Over the past year, BBHY returned 6.84% vs 6.85% for SCYB. Their correlation of 0.95 suggests significant overlap in exposure. BBHY charges 0.15%/yr vs 0.03%/yr for SCYB.
Performance
BBHY vs. SCYB - 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 SCYB slightly higher at 1.33%.
BBHY
- 1D
- -0.44%
- 1M
- -0.32%
- YTD
- 1.29%
- 6M
- 1.70%
- 1Y
- 6.84%
- 3Y*
- 8.52%
- 5Y*
- 4.03%
- 10Y*
- —
SCYB
- 1D
- -0.42%
- 1M
- -0.31%
- YTD
- 1.33%
- 6M
- 1.60%
- 1Y
- 6.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BBHY vs. SCYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 1.29% | 8.51% | 7.81% | 7.29% |
SCYB Schwab High Yield Bond ETF | 1.33% | 8.33% | 8.15% | 6.74% |
Correlation
The correlation between BBHY and SCYB is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2023 | 0.95 |
The correlation between BBHY and SCYB has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
BBHY vs. SCYB — Risk / Return Rank
BBHY
SCYB
BBHY vs. SCYB - 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 Schwab High Yield Bond ETF (SCYB). 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 | SCYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 2.82 | +0.08 |
| Martin ratioReturn relative to average drawdown | 12.98 | 12.59 | +0.40 |
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 | SCYB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 1.83 | +0.06 |
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 | 1.66 | -1.03 |
Drawdowns
BBHY vs. SCYB - Drawdown Comparison
The maximum BBHY drawdown since its inception was -24.98%, which is greater than SCYB's maximum drawdown of -4.92%. Use the drawdown chart below to compare losses from any high point for BBHY and SCYB.
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Drawdown Indicators
| BBHY | SCYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.98% | -4.92% | -20.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.37% | -2.44% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -5.00% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | — | — |
Current DrawdownCurrent decline from peak | -0.58% | -0.54% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -0.52% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.55% | -0.02% |
Volatility
BBHY vs. SCYB - Volatility Comparison
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) and Schwab High Yield Bond ETF (SCYB) have volatilities of 1.16% and 1.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBHY | SCYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.12% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 2.97% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 3.77% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.26% | 5.13% | +2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.53% | 5.13% | +2.40% |
BBHY vs. SCYB - Expense Ratio Comparison
BBHY has a 0.15% expense ratio, which is higher than SCYB's 0.03% 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. SCYB - Dividend Comparison
BBHY's dividend yield for the trailing twelve months is around 6.97%, which matches SCYB's 6.95% 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% |
SCYB Schwab High Yield Bond ETF | 6.95% | 6.99% | 7.06% | 3.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, BBHY and SCYB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BBHY has higher volatility (1.16%) compared to SCYB (1.12%). In terms of maximum drawdown, BBHY dropped -24.98% vs SCYB's -4.92%.
On 1-year performance, SCYB leads with 6.85% vs 6.84% for BBHY. On fees, SCYB is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SCYB has performed better with a 6.85% return vs 6.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCYB is cheaper with a 0.03% expense ratio, compared with 0.15% for BBHY.
BBHY has the higher dividend yield at 6.97%, compared with 6.95% for SCYB.
BBHY tracks ICE BofA US High Yield Index, while SCYB tracks ICE BofA US Cash Pay High Yield Constrained Index. They also come from different issuers: JPMorgan and Charles Schwab. Their fees differ too: 0.15% for BBHY and 0.03% for SCYB.
BBHY currently has the higher Sharpe Ratio (1.89 vs 1.83), 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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