BBSA vs. AGG
Compare and contrast key facts about JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF (BBSA) and iShares Core U.S. Aggregate Bond ETF (AGG).
BBSA and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBSA is a passively managed fund by JPMorgan Chase that tracks the performance of the Bloomberg Barclays Short-Term US Aggregate Bond Index. It was launched on Mar 12, 2019. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003. Both BBSA and AGG 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: BBSA or AGG.
Key characteristics
| BBSA | AGG | |
|---|---|---|
| YTD Return | 3.74% | 3.50% |
| 1Y Return | 7.84% | 12.09% |
| 3Y Return (Ann) | 0.64% | -1.67% |
| 5Y Return (Ann) | 1.24% | 0.13% |
| Sharpe Ratio | 2.60 | 1.84 |
| Sortino Ratio | 4.05 | 2.70 |
| Omega Ratio | 1.52 | 1.33 |
| Calmar Ratio | 1.16 | 0.64 |
| Martin Ratio | 15.07 | 7.79 |
| Ulcer Index | 0.49% | 1.45% |
| Daily Std Dev | 2.87% | 6.14% |
| Max Drawdown | -9.03% | -18.43% |
| Current Drawdown | -0.92% | -6.97% |
Correlation
The correlation between BBSA and AGG is 0.80, 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
BBSA vs. AGG - Performance Comparison
In the year-to-date period, BBSA achieves a 3.74% return, which is significantly higher than AGG's 3.50% 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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BBSA vs. AGG - Expense Ratio Comparison
Both BBSA and AGG have an expense ratio of 0.05%, 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
BBSA vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF (BBSA) and iShares Core U.S. Aggregate Bond ETF (AGG). 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
BBSA vs. AGG - Dividend Comparison
BBSA's dividend yield for the trailing twelve months is around 3.67%, more than AGG's 3.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBSA JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF | 3.67% | 2.93% | 1.57% | 1.67% | 2.24% | 1.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.52% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
BBSA vs. AGG - Drawdown Comparison
The maximum BBSA drawdown since its inception was -9.03%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for BBSA and AGG. For additional features, visit the drawdowns tool.
Volatility
BBSA vs. AGG - Volatility Comparison
The current volatility for JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF (BBSA) is 0.70%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.21%. This indicates that BBSA experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.