BBHY vs. USHY
Compare and contrast key facts about JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) and iShares Broad USD High Yield Corporate Bond ETF (USHY).
BBHY and USHY 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. USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017. Both BBHY and USHY 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 USHY.
Key characteristics
| BBHY | USHY | |
|---|---|---|
| YTD Return | 7.34% | 7.96% |
| 1Y Return | 13.58% | 14.17% |
| 3Y Return (Ann) | 2.59% | 2.76% |
| 5Y Return (Ann) | 3.75% | 4.25% |
| Sharpe Ratio | 2.58 | 2.64 |
| Daily Std Dev | 5.15% | 5.27% |
| Max Drawdown | -24.98% | -22.44% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between BBHY and USHY is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BBHY vs. USHY - Performance Comparison
In the year-to-date period, BBHY achieves a 7.34% return, which is significantly lower than USHY's 7.96% 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. USHY - Expense Ratio Comparison
Both BBHY and USHY have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
BBHY vs. USHY - 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 iShares Broad USD High Yield Corporate Bond ETF (USHY). 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. USHY - Dividend Comparison
BBHY's dividend yield for the trailing twelve months is around 6.80%, more than USHY's 6.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 6.80% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.57% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.72% | 0.00% |
Drawdowns
BBHY vs. USHY - Drawdown Comparison
The maximum BBHY drawdown since its inception was -24.98%, which is greater than USHY's maximum drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for BBHY and USHY. For additional features, visit the drawdowns tool.
Volatility
BBHY vs. USHY - Volatility Comparison
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) and iShares Broad USD High Yield Corporate Bond ETF (USHY) have volatilities of 0.95% and 0.95%, 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.