BBHY vs. VGHY
BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) and VGHY (Vanguard High-Yield Active ETF) are both High Yield Bonds funds. BBHY is passively managed, while VGHY is actively managed. Their correlation of 0.82 suggests significant overlap in exposure. BBHY charges 0.15%/yr vs 0.22%/yr for VGHY.
Performance
BBHY vs. VGHY - Performance Comparison
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Returns By Period
In the year-to-date period, BBHY achieves a 1.29% return, which is significantly higher than VGHY's 1.00% return.
BBHY
- 1D
- -0.44%
- 1M
- -0.32%
- YTD
- 1.29%
- 6M
- 1.70%
- 1Y
- 6.84%
- 3Y*
- 8.52%
- 5Y*
- 4.03%
- 10Y*
- —
VGHY
- 1D
- -0.44%
- 1M
- -0.50%
- YTD
- 1.00%
- 6M
- 1.62%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BBHY vs. VGHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 1.29% | 1.41% |
VGHY Vanguard High-Yield Active ETF | 1.00% | 1.80% |
Correlation
The correlation between BBHY and VGHY is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025 | 0.82 |
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Return for Risk
BBHY vs. VGHY — Risk / Return Rank
BBHY
VGHY
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.37 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | — | — |
| Martin ratioReturn relative to average drawdown | 12.98 | — | — |
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 | VGHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | — | — |
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 | 0.92 | -0.29 |
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.
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Drawdown Indicators
| BBHY | VGHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.98% | -2.66% | -22.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.37% | — | — |
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% | -0.68% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -0.45% | -1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | — | — |
Volatility
BBHY vs. VGHY - Volatility Comparison
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Volatility by Period
| BBHY | VGHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 4.31% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.26% | 4.31% | +2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.53% | 4.31% | +3.22% |
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%.
Dividends
BBHY vs. VGHY - Dividend Comparison
BBHY's dividend yield for the trailing twelve months is around 6.97%, more than VGHY's 4.00% 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% |
VGHY Vanguard High-Yield Active ETF | 4.00% | 1.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BBHY and VGHY have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BBHY is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBHY is cheaper with a 0.15% expense ratio, compared with 0.22% for VGHY.
BBHY has the higher dividend yield at 6.97%, compared with 4.00% for VGHY.
They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.15% for BBHY and 0.22% for VGHY.
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