FTCB vs. BBAG

Last updated Jun 24, 2026

FTCB (First Trust Core Investment Grade ETF) and BBAG (JPMorgan BetaBuilders U.S. Aggregate Bond ETF) are both Intermediate Core Bond funds. FTCB is actively managed, while BBAG is passively managed. Over the past year, FTCB returned 4.91% vs 4.36% for BBAG. Their correlation of 0.91 suggests significant overlap in exposure. FTCB charges 0.55%/yr vs 0.03%/yr for BBAG.

Performance

FTCB vs. BBAG - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with FTCB having a 0.45% return and BBAG slightly higher at 0.46%.

FTCB

• 1D: 0.05%
• 1M: 0.77%
• YTD: 0.45%
• 6M: 0.76%
• 1Y: 4.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBAG

• 1D: 0.13%
• 1M: 0.76%
• YTD: 0.46%
• 6M: 0.63%
• 1Y: 4.36%
• 3Y*: 3.91%
• 5Y*: -0.02%
• 10Y*: —

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

FTCB vs. BBAG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FTCB First Trust Core Investment Grade ETF	0.45%	8.12%	2.57%	5.69%
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	0.46%	7.27%	1.26%	6.00%

Correlation

The correlation between FTCB and BBAG is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (All Time) Calculated using the full available price history since Nov 8, 2023	0.91

The correlation between FTCB and BBAG has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

Return for Risk

FTCB vs. BBAG — Risk / Return Rank

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

FTCB

FTCB Risk / Return Rank: 35
FTCB Sharpe Ratio Rank: 37
FTCB Sortino Ratio Rank: 38
FTCB Omega Ratio Rank: 34
FTCB Calmar Ratio Rank: 35
FTCB Martin Ratio Rank: 33

BBAG

BBAG Risk / Return Rank: 33
BBAG Sharpe Ratio Rank: 33
BBAG Sortino Ratio Rank: 34
BBAG Omega Ratio Rank: 31
BBAG Calmar Ratio Rank: 33
BBAG Martin Ratio Rank: 32

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.

FTCB vs. BBAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Core Investment Grade ETF (FTCB) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FTCB	BBAG	Difference
Sharpe ratio: Return per unit of total volatility	1.24	1.13	+0.11
Sortino ratio: Return per unit of downside risk	1.83	1.69	+0.14
Omega ratio: Gain probability vs. loss probability	1.22	1.20	+0.02
Calmar ratio: Return relative to maximum drawdown	1.62	1.58	+0.05
Martin ratio: Return relative to average drawdown	4.73	4.42	+0.31

FTCB vs. BBAG - Sharpe Ratio Comparison

The current FTCB Sharpe Ratio is 1.24, which is comparable to the BBAG Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of FTCB and BBAG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FTCB vs. BBAG - Drawdown Comparison

The maximum FTCB drawdown since its inception was -4.99%, smaller than the maximum BBAG drawdown of -18.73%. Use the drawdown chart below to compare losses from any high point for FTCB and BBAG.

Drawdown Indicators

	FTCB	BBAG	Difference
Max Drawdown Largest peak-to-trough decline	-4.99%	-18.73%	+13.74%
Max Drawdown (1Y) Largest decline over 1 year	-3.04%	-2.78%	-0.26%
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	-1.44%	-2.56%	+1.12%
Average Drawdown Average peak-to-trough decline	-1.27%	-6.20%	+4.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	0.99%	+0.05%

Volatility

FTCB vs. BBAG - Volatility Comparison

First Trust Core Investment Grade ETF (FTCB) and JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) have volatilities of 1.10% and 1.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTCB	BBAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	1.13%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	2.98%	2.90%	+0.08%
Volatility (1Y) Calculated over the trailing 1-year period	4.00%	3.89%	+0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.18%	5.93%	-0.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.18%	5.79%	-0.61%

FTCB vs. BBAG - Expense Ratio Comparison

FTCB has a 0.55% expense ratio, which is higher than BBAG's 0.03% expense ratio.

Dividends

FTCB vs. BBAG - Dividend Comparison

FTCB's dividend yield for the trailing twelve months is around 5.29%, more than BBAG's 4.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	4.35%	4.29%	4.25%	3.60%	2.23%	1.44%	2.26%	2.92%	0.16%
FTCB First Trust Core Investment Grade ETF	5.29%	4.99%	5.19%	0.35%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTCB and BBAG in my portfolio?

With a correlation of 0.92, FTCB and BBAG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FTCB or BBAG?

BBAG has higher volatility (1.13%) compared to FTCB (1.10%). In terms of maximum drawdown, FTCB dropped -4.99% vs BBAG's -18.73%.

Which ETF is better, FTCB or BBAG?

On 1-year performance, FTCB leads with 4.91% vs 4.36% for BBAG. On fees, BBAG is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTCB or BBAG?

Over the 1-year period, FTCB has performed better with a 4.91% return vs 4.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTCB or BBAG?

BBAG is cheaper with a 0.03% expense ratio, compared with 0.55% for FTCB.

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

FTCB has the higher dividend yield at 5.29%, compared with 4.35% for BBAG.

What is the main difference between FTCB and BBAG?

They also come from different issuers: First Trust and JPMorgan. Their fees differ too: 0.55% for FTCB and 0.03% for BBAG.

Which has better risk-adjusted returns?

FTCB currently has the higher Sharpe Ratio (1.24 vs 1.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.