BBHY vs. VGHY

Last updated Apr 3, 2026

Compare and contrast key facts about JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) and Vanguard High-Yield Active ETF (VGHY).

BBHY and VGHY 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. VGHY is an actively managed fund by Vanguard. It was launched on Sep 16, 2025.

Performance

BBHY vs. VGHY - 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 Vanguard High-Yield Active ETF (VGHY). The values are adjusted to include any dividend payments, if applicable.

BBHY vs. VGHY - Yearly Performance Comparison

	2026 (YTD)	2025
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF	0.13%	1.41%
VGHY Vanguard High-Yield Active ETF	0.06%	1.80%

Returns By Period

In the year-to-date period, BBHY achieves a 0.13% return, which is significantly higher than VGHY's 0.06% return.

BBHY

• 1D: 0.18%
• 1M: -0.25%
• YTD: 0.13%
• 6M: 1.25%
• 1Y: 7.03%
• 3Y*: 8.25%
• 5Y*: 4.01%
• 10Y*: —

VGHY

• 1D: 0.11%
• 1M: -0.49%
• YTD: 0.06%
• 6M: 1.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BBHY vs. VGHY - Expense Ratio Comparison

BBHY has a 0.15% expense ratio, which is lower than VGHY's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

VGHY

Vanguard High-Yield Active ETF

BBHY

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF

Return for Risk

BBHY vs. VGHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBHY

BBHY Risk / Return Rank: 68
BBHY Sharpe Ratio Rank: 66
BBHY Sortino Ratio Rank: 67
BBHY Omega Ratio Rank: 76
BBHY Calmar Ratio Rank: 56
BBHY Martin Ratio Rank: 74

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. VGHY - 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 Vanguard High-Yield Active ETF (VGHY). 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	VGHY	Difference
Sharpe ratio Return per unit of total volatility	1.23	—	—
Sortino ratio Return per unit of downside risk	1.81	—	—
Omega ratio Gain probability vs. loss probability	1.30	—	—
Calmar ratio Return relative to maximum drawdown	1.67	—	—
Martin ratio Return relative to average drawdown	9.00	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BBHY	VGHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.79	-0.16

Correlation

The correlation between BBHY and VGHY is 0.78, 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.

Dividends

BBHY vs. VGHY - Dividend Comparison

BBHY's dividend yield for the trailing twelve months is around 7.13%, more than VGHY's 3.00% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF	7.13%	7.24%	7.18%	6.49%	5.92%	4.06%	4.73%	4.99%	5.02%	4.81%	1.42%
VGHY Vanguard High-Yield Active ETF	3.00%	1.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

BBHY vs. VGHY - Drawdown Comparison

The maximum BBHY drawdown since its inception was -24.98%, which is greater than VGHY's maximum drawdown of -2.66%. Use the drawdown chart below to compare losses from any high point for BBHY and VGHY.

Drawdown Indicators

	BBHY	VGHY	Difference
Max Drawdown Largest peak-to-trough decline	-24.98%	-2.66%	-22.32%
Max Drawdown (1Y) Largest decline over 1 year	-3.14%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.32%	—	—
Current Drawdown Current decline from peak	-0.87%	-1.09%	+0.22%
Average Drawdown Average peak-to-trough decline	-2.41%	-0.46%	-1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.80%	—	—

Volatility

Volatility by Period

	BBHY	VGHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.72%	4.45%	+1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.24%	4.45%	+2.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.58%	4.45%	+3.13%