BBSA vs. GIOIX
Compare and contrast key facts about JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF (BBSA) and Guggenheim Macro Opportunities Fund (GIOIX).
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. GIOIX is managed by Guggenheim Investments. It was launched on Nov 29, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBSA or GIOIX.
Performance
BBSA vs. GIOIX - Performance Comparison
Returns By Period
In the year-to-date period, BBSA achieves a 3.82% return, which is significantly lower than GIOIX's 7.08% return.
BBSA
3.82%
0.00%
3.70%
6.03%
1.27%
N/A
GIOIX
7.08%
0.34%
5.11%
11.37%
4.34%
3.87%
Key characteristics
| BBSA | GIOIX | |
|---|---|---|
| Sharpe Ratio | 2.73 | 4.41 |
| Sortino Ratio | 4.30 | 9.36 |
| Omega Ratio | 1.56 | 2.35 |
| Calmar Ratio | 1.30 | 3.30 |
| Martin Ratio | 15.00 | 37.31 |
| Ulcer Index | 0.51% | 0.30% |
| Daily Std Dev | 2.82% | 2.58% |
| Max Drawdown | -9.03% | -12.22% |
| Current Drawdown | -0.84% | -0.16% |
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BBSA vs. GIOIX - Expense Ratio Comparison
BBSA has a 0.05% expense ratio, which is lower than GIOIX's 0.96% expense ratio.
Correlation
The correlation between BBSA and GIOIX is 0.46, 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.
Risk-Adjusted Performance
BBSA vs. GIOIX - 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 Guggenheim Macro Opportunities Fund (GIOIX). 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. GIOIX - Dividend Comparison
BBSA's dividend yield for the trailing twelve months is around 3.46%, less than GIOIX's 6.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBSA JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF | 3.46% | 2.93% | 1.57% | 1.67% | 2.04% | 2.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GIOIX Guggenheim Macro Opportunities Fund | 6.31% | 6.45% | 5.12% | 3.89% | 4.05% | 3.29% | 3.55% | 3.54% | 5.38% | 5.48% | 4.96% | 5.43% |
Drawdowns
BBSA vs. GIOIX - Drawdown Comparison
The maximum BBSA drawdown since its inception was -9.03%, smaller than the maximum GIOIX drawdown of -12.22%. Use the drawdown chart below to compare losses from any high point for BBSA and GIOIX. For additional features, visit the drawdowns tool.
Volatility
BBSA vs. GIOIX - Volatility Comparison
The current volatility for JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF (BBSA) is 0.00%, while Guggenheim Macro Opportunities Fund (GIOIX) has a volatility of 0.55%. This indicates that BBSA experiences smaller price fluctuations and is considered to be less risky than GIOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.