BBHY vs. SPY
Compare and contrast key facts about JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) and SPDR S&P 500 ETF (SPY).
BBHY and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both BBHY and SPY 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 SPY.
Key characteristics
BBHY | SPY | |
---|---|---|
YTD Return | 7.46% | 19.22% |
1Y Return | 13.63% | 28.25% |
3Y Return (Ann) | 2.66% | 9.99% |
5Y Return (Ann) | 3.78% | 15.19% |
Sharpe Ratio | 2.66 | 2.25 |
Daily Std Dev | 5.14% | 12.59% |
Max Drawdown | -24.98% | -55.19% |
Current Drawdown | 0.00% | -0.32% |
Correlation
The correlation between BBHY and SPY is 0.64, 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.
Performance
BBHY vs. SPY - Performance Comparison
In the year-to-date period, BBHY achieves a 7.46% return, which is significantly lower than SPY's 19.22% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BBHY vs. SPY - Expense Ratio Comparison
BBHY has a 0.15% expense ratio, which is higher than SPY's 0.09% 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. SPY - 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 S&P 500 ETF (SPY). 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.
Dividends
BBHY vs. SPY - Dividend Comparison
BBHY's dividend yield for the trailing twelve months is around 6.79%, more than SPY's 0.93% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 6.79% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% | 0.00% | 0.00% | 0.00% |
SPDR S&P 500 ETF | 0.93% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BBHY vs. SPY - Drawdown Comparison
The maximum BBHY drawdown since its inception was -24.98%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BBHY and SPY. For additional features, visit the drawdowns tool.
Volatility
BBHY vs. SPY - Volatility Comparison
The current volatility for JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) is 0.92%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.94%. This indicates that BBHY experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.