Correlation
The correlation between BBHY and SPHY is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
BBHY vs. SPHY
Compare and contrast key facts about JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) and SPDR Portfolio High Yield Bond ETF (SPHY).
BBHY and SPHY 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. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012. Both BBHY and SPHY 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 SPHY.
Performance
BBHY vs. SPHY - Performance Comparison
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Key characteristics
BBHY:
1.55
SPHY:
1.70
BBHY:
2.25
SPHY:
2.48
BBHY:
1.35
SPHY:
1.37
BBHY:
1.83
SPHY:
1.97
BBHY:
9.88
SPHY:
10.39
BBHY:
0.92%
SPHY:
0.92%
BBHY:
5.89%
SPHY:
5.64%
BBHY:
-24.98%
SPHY:
-21.97%
BBHY:
0.00%
SPHY:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with BBHY having a 2.77% return and SPHY slightly lower at 2.69%.
BBHY
2.77%
1.68%
1.91%
8.71%
6.27%
4.85%
N/A
SPHY
2.69%
1.69%
1.97%
9.08%
6.63%
6.00%
4.72%
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BBHY vs. SPHY - Expense Ratio Comparison
BBHY has a 0.15% expense ratio, which is higher than SPHY's 0.10% 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%.
Risk-Adjusted Performance
BBHY vs. SPHY — Risk-Adjusted Performance Rank
BBHY
SPHY
BBHY vs. SPHY - 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 Portfolio High Yield Bond ETF (SPHY). 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.
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Dividends
BBHY vs. SPHY - Dividend Comparison
BBHY's dividend yield for the trailing twelve months is around 7.82%, more than SPHY's 7.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 7.82% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 5.00% | 5.02% | 4.81% | 1.42% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.66% | 7.80% | 7.30% | 6.47% | 5.14% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% | 3.98% |
Drawdowns
BBHY vs. SPHY - Drawdown Comparison
The maximum BBHY drawdown since its inception was -24.98%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for BBHY and SPHY.
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Volatility
BBHY vs. SPHY - Volatility Comparison
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) and SPDR Portfolio High Yield Bond ETF (SPHY) have volatilities of 1.52% and 1.47%, 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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