PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
HYTR vs. BBHY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HYTR vs. BBHY

Last updated Jun 5, 2026

HYTR (CP High Yield Trend ETF) and BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - HYTR tracks the CP High Yield Trend Index while BBHY tracks the ICE BofA US High Yield Index. Both are passively managed. Over the past 5 years, HYTR returned 2.09%/yr vs 4.12%/yr for BBHY. A 0.76 correlation means they provide meaningful diversification when combined. HYTR charges 0.97%/yr vs 0.15%/yr for BBHY.

Performance

HYTR vs. BBHY - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, HYTR achieves a 0.35% return, which is significantly lower than BBHY's 1.73% return.

HYTR

1D
0.11%
1M
0.37%
YTD
0.35%
6M
0.72%
1Y
5.23%
3Y*
6.52%
5Y*
2.09%
10Y*
—

BBHY

1D
0.15%
1M
0.49%
YTD
1.73%
6M
2.18%
1Y
7.10%
3Y*
8.76%
5Y*
4.12%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HYTR vs. BBHY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
HYTR
CP High Yield Trend ETF		0.35%5.95%7.25%8.31%-11.29%2.75%-0.95%
BBHY
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF		1.73%8.51%7.81%11.98%-10.37%3.88%4.93%

Correlation

The correlation between HYTR and BBHY is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.96

Correlation (3Y)
Calculated over the trailing 3-year period

0.91

Correlation (5Y)
Calculated over the trailing 5-year period

0.79

Correlation (All Time)
Calculated using the full available price history since Jan 23, 2020

0.76

The correlation between HYTR and BBHY shifts across timeframes, from 0.76 (all time) to 0.96 (1 year), reflecting how their relationship changes across market environments.

HYTR vs. BBHY - Sectors Allocation Comparison

Sectors
HYTR
BBHY

Energy

90.3%
5.2%

Technology

9.3%
4.0%

Real Estate

0.5%
3.9%

Basic Materials

-

3.2%

Communication Services

-

7.9%

Consumer Cyclical

-

10.0%

Consumer Defensive

-

2.5%

Financial Services

-

4.1%

Healthcare

-

5.4%

Industrials

-

8.4%

Utilities

-

2.0%

Energy

HYTR
90.3%
BBHY
5.2%

Technology

HYTR
9.3%
BBHY
4.0%

Real Estate

HYTR
0.5%
BBHY
3.9%

Basic Materials

HYTR

-

BBHY
3.2%

Communication Services

HYTR

-

BBHY
7.9%

Consumer Cyclical

HYTR

-

BBHY
10.0%

Consumer Defensive

HYTR

-

BBHY
2.5%

Financial Services

HYTR

-

BBHY
4.1%

Healthcare

HYTR

-

BBHY
5.4%

Industrials

HYTR

-

BBHY
8.4%

Utilities

HYTR

-

BBHY
2.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

CP High Yield Trend ETF

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF

Often compared with HYTR:
HYTR vs. SGOVHYTR vs. KYNHYTR vs. SPHYHYTR vs. BSTHYTR vs. SPYDHYTR vs. USHYHYTR vs. VOO
Often compared with BBHY:
BBHY vs. SPHYBBHY vs. USHYBBHY vs. HYGBBHY vs. HYDBBHY vs. SPYBBHY vs. JNKBBHY vs. XB

Return for Risk

HYTR vs. BBHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HYTR
HYTR Risk / Return Rank: 4444
Overall Rank
HYTR Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
HYTR Sortino Ratio Rank: 4242
Sortino Ratio Rank
HYTR Omega Ratio Rank: 4444
Omega Ratio Rank
HYTR Calmar Ratio Rank: 4747
Calmar Ratio Rank
HYTR Martin Ratio Rank: 4747
Martin Ratio Rank
BBHY
BBHY Risk / Return Rank: 6565
Overall Rank
BBHY Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
BBHY Sortino Ratio Rank: 6666
Sortino Ratio Rank
BBHY Omega Ratio Rank: 6565
Omega Ratio Rank
BBHY Calmar Ratio Rank: 6262
Calmar Ratio Rank
BBHY Martin Ratio Rank: 7373
Martin Ratio Rank
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.

HYTR vs. BBHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CP High Yield Trend ETF (HYTR) 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.

HYTRBBHYDifference
Sharpe ratioReturn per unit of total volatility
1.44
1.97

-0.54

Sortino ratioReturn per unit of downside risk
2.10
2.99

-0.89

Omega ratioGain probability vs. loss probability

1.28

1.39

-0.11

Calmar ratioReturn relative to maximum drawdown

2.31

3.00

-0.70

Martin ratioReturn relative to average drawdown

7.61

13.50

-5.89

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYTR vs. BBHY - Sharpe Ratio Comparison

The current HYTR Sharpe Ratio is 1.44, which is comparable to the BBHY Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of HYTR and BBHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

HYTRBBHYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.44

1.97

-0.54

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.37

0.57

-0.20

Sharpe Ratio (All Time)

Calculated using the full available price history

0.30

0.64

-0.35

Drawdowns

HYTR vs. BBHY - Drawdown Comparison

The maximum HYTR drawdown since its inception was -13.25%, smaller than the maximum BBHY drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for HYTR and BBHY.

Loading charts...

Drawdown Indicators

HYTRBBHYDifference

Max Drawdown

Largest peak-to-trough decline

-13.25%

-24.98%

+11.73%

Max Drawdown (1Y)

Largest decline over 1 year

-2.28%

-2.37%

+0.09%

Max Drawdown (3Y)

Largest decline over 3 years

-4.93%

-5.00%

+0.07%

Max Drawdown (5Y)

Largest decline over 5 years

-13.25%

-15.32%

+2.07%

Current Drawdown

Current decline from peak

-0.56%

-0.14%

-0.42%

Average Drawdown

Average peak-to-trough decline

-4.13%

-2.37%

-1.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.69%

0.53%

+0.16%

Volatility

HYTR vs. BBHY - Volatility Comparison

CP High Yield Trend ETF (HYTR) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) have volatilities of 1.09% 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.

Loading charts...

Volatility by Period

HYTRBBHYDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.09%

1.13%

-0.04%

Volatility (6M)

Calculated over the trailing 6-month period

2.64%

2.85%

-0.21%

Volatility (1Y)

Calculated over the trailing 1-year period

3.66%

3.62%

+0.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.62%

7.26%

-1.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.86%

7.53%

-1.67%

HYTR vs. BBHY - Expense Ratio Comparison

HYTR has a 0.97% expense ratio, which is higher than BBHY's 0.15% expense ratio.

Dividends

HYTR vs. BBHY - Dividend Comparison

HYTR's dividend yield for the trailing twelve months is around 5.70%, less than BBHY's 6.94% yield.

PositionTTM2025202420232022202120202019201820172016
BBHY
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF		6.94%7.24%7.18%6.49%5.92%4.06%4.73%4.99%5.02%4.81%1.42%
HYTR
CP High Yield Trend ETF		5.70%5.78%5.55%5.43%1.24%3.70%3.05%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.96, HYTR and BBHY 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.

BBHY has higher volatility (1.13%) compared to HYTR (1.09%). In terms of maximum drawdown, HYTR dropped -13.25% vs BBHY's -24.98%.

On 5-year performance, BBHY leads with 4.12% vs 2.09% for HYTR. On fees, BBHY is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, BBHY has performed better with a 4.12% return vs 2.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

BBHY is cheaper with a 0.15% expense ratio, compared with 0.97% for HYTR.

BBHY has the higher dividend yield at 6.94%, compared with 5.70% for HYTR.

HYTR tracks CP High Yield Trend Index, while BBHY tracks ICE BofA US High Yield Index. They also come from different issuers: Counterpoint Mutual Funds LLC and JPMorgan. Their fees differ too: 0.97% for HYTR and 0.15% for BBHY.

BBHY currently has the higher Sharpe Ratio (1.97 vs 1.44), 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.

Portfolio Optimizer

Find the right allocation for HYTR and BBHY

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer