BNDY vs. BBAG

Last updated Jun 5, 2026

BNDY (Horizon Core Bond ETF) and BBAG (JPMorgan BetaBuilders U.S. Aggregate Bond ETF) are both Intermediate Core Bond funds. BNDY is actively managed, while BBAG is passively managed. Their correlation of 0.87 suggests significant overlap in exposure. BNDY charges 0.66%/yr vs 0.03%/yr for BBAG.

Performance

BNDY vs. BBAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Core Bond ETF (BNDY) and JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNDY achieves a 1.19% return, which is significantly higher than BBAG's 0.32% return.

BNDY

• 1D: 0.32%
• 1M: 0.61%
• YTD: 1.19%
• 6M: 1.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBAG

• 1D: 0.15%
• 1M: 0.18%
• YTD: 0.32%
• 6M: 0.39%
• 1Y: 4.67%
• 3Y*: 3.92%
• 5Y*: 0.02%
• 10Y*: —

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

BNDY vs. BBAG - Yearly Performance Comparison

	2026 (YTD)	2025
BNDY Horizon Core Bond ETF	1.19%	5.34%
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	0.32%	3.45%

Correlation

The correlation between BNDY and BBAG is 0.87, 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 Jul 7, 2025	0.87

Return for Risk

BNDY vs. BBAG — Risk / Return Rank

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

BBAG

BBAG Risk / Return Rank: 34
BBAG Sharpe Ratio Rank: 34
BBAG Sortino Ratio Rank: 35
BBAG Omega Ratio Rank: 32
BBAG Calmar Ratio Rank: 34
BBAG Martin Ratio Rank: 34

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.

BNDY vs. BBAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Core Bond ETF (BNDY) and JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BNDY	BBAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.21	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	0.32	+1.12

Drawdowns

BNDY vs. BBAG - Drawdown Comparison

The maximum BNDY drawdown since its inception was -3.93%, smaller than the maximum BBAG drawdown of -18.73%. Use the drawdown chart below to compare losses from any high point for BNDY and BBAG.

Drawdown Indicators

	BNDY	BBAG	Difference
Max Drawdown Largest peak-to-trough decline	-3.93%	-18.73%	+14.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.78%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.06%	—
Current Drawdown Current decline from peak	-0.84%	-2.70%	+1.86%
Average Drawdown Average peak-to-trough decline	-0.63%	-6.22%	+5.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.93%	—

Volatility

Volatility by Period

	BNDY	BBAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.01%	3.92%	+1.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.01%	5.92%	-0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.01%	5.80%	-0.79%

BNDY vs. BBAG - Expense Ratio Comparison

BNDY has a 0.66% expense ratio, which is higher than BBAG's 0.03% expense ratio.

Dividends

BNDY vs. BBAG - Dividend Comparison

BNDY's dividend yield for the trailing twelve months is around 4.82%, more than BBAG's 4.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	4.36%	4.29%	4.25%	3.60%	2.23%	1.44%	2.26%	2.92%	0.16%
BNDY Horizon Core Bond ETF	4.82%	1.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BNDY and BBAG in my portfolio?

BNDY and BBAG have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BNDY or BBAG?

On fees, BBAG is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BNDY or BBAG?

BBAG is cheaper with a 0.03% expense ratio, compared with 0.66% for BNDY.

Which ETF pays a higher dividend yield, BNDY or BBAG?

BNDY has the higher dividend yield at 4.82%, compared with 4.36% for BBAG.

What is the main difference between BNDY and BBAG?

They also come from different issuers: Horizon and JPMorgan. Their fees differ too: 0.66% for BNDY and 0.03% for BBAG.