GBHI vs. BBHY

Last updated Jun 6, 2026

GBHI (Gabelli High Income ETF) and BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) are both High Yield Bonds funds. GBHI is actively managed, while BBHY is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. GBHI charges 0.55%/yr vs 0.15%/yr for BBHY.

Performance

GBHI vs. BBHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli High Income ETF (GBHI) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GBHI achieves a 1.77% return, which is significantly higher than BBHY's 1.29% return.

GBHI

• 1D: -0.39%
• 1M: -0.24%
• YTD: 1.77%
• 6M: 2.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBHY

• 1D: -0.44%
• 1M: -0.32%
• YTD: 1.29%
• 6M: 1.70%
• 1Y: 6.84%
• 3Y*: 8.52%
• 5Y*: 4.03%
• 10Y*: —

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

GBHI vs. BBHY - Yearly Performance Comparison

	2026 (YTD)	2025
GBHI Gabelli High Income ETF	1.77%	1.29%
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF	1.29%	1.70%

Correlation

The correlation between GBHI and BBHY is 0.81, 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 Nov 18, 2025	0.81

Return for Risk

GBHI vs. BBHY — Risk / Return Rank

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

BBHY

BBHY Risk / Return Rank: 64
BBHY Sharpe Ratio Rank: 58
BBHY Sortino Ratio Rank: 64
BBHY Omega Ratio Rank: 63
BBHY Calmar Ratio Rank: 61
BBHY Martin Ratio Rank: 72

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.

GBHI vs. BBHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli High Income ETF (GBHI) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY). 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

	GBHI	BBHY	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	1.73	0.64	+1.09

Drawdowns

GBHI vs. BBHY - Drawdown Comparison

The maximum GBHI drawdown since its inception was -2.12%, smaller than the maximum BBHY drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for GBHI and BBHY.

Drawdown Indicators

	GBHI	BBHY	Difference
Max Drawdown Largest peak-to-trough decline	-2.12%	-24.98%	+22.86%
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 Drawdown Current decline from peak	-0.43%	-0.58%	+0.15%
Average Drawdown Average peak-to-trough decline	-0.27%	-2.37%	+2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.53%	—

Volatility

Volatility by Period

	GBHI	BBHY	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	3.34%	3.65%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.34%	7.26%	-3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.34%	7.53%	-4.19%

GBHI vs. BBHY - Expense Ratio Comparison

GBHI has a 0.55% expense ratio, which is higher than BBHY's 0.15% expense ratio.

Dividends

GBHI vs. BBHY - Dividend Comparison

GBHI's dividend yield for the trailing twelve months is around 1.85%, less than BBHY's 6.97% 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%
GBHI Gabelli High Income ETF	1.85%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GBHI and BBHY in my portfolio?

GBHI and BBHY have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GBHI or BBHY?

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.

Which ETF is cheaper, GBHI or BBHY?

BBHY is cheaper with a 0.15% expense ratio, compared with 0.55% for GBHI.

Which ETF pays a higher dividend yield, GBHI or BBHY?

BBHY has the higher dividend yield at 6.97%, compared with 1.85% for GBHI.

What is the main difference between GBHI and BBHY?

They also come from different issuers: Gabelli and JPMorgan. Their fees differ too: 0.55% for GBHI and 0.15% for BBHY.