HYTR vs. BBHY
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 1.96%/yr vs 3.99%/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
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Returns By Period
In the year-to-date period, HYTR achieves a 0.46% return, which is significantly lower than BBHY's 1.90% return.
HYTR
- 1D
- 0.05%
- 1M
- 0.23%
- YTD
- 0.46%
- 6M
- 0.31%
- 1Y
- 4.41%
- 3Y*
- 6.63%
- 5Y*
- 1.96%
- 10Y*
- —
BBHY
- 1D
- 0.10%
- 1M
- 0.29%
- YTD
- 1.90%
- 6M
- 1.89%
- 1Y
- 6.28%
- 3Y*
- 8.81%
- 5Y*
- 3.99%
- 10Y*
- —
HYTR vs. BBHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HYTR CP High Yield Trend ETF | 0.46% | 5.95% | 7.25% | 8.31% | -11.29% | 2.75% | -0.97% |
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 1.90% | 8.51% | 7.81% | 11.98% | -10.37% | 3.88% | 4.95% |
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 22, 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.
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Return for Risk
HYTR vs. BBHY — Risk / Return Rank
HYTR
BBHY
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.
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.
| HYTR | BBHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.33 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 2.66 | -0.71 |
| Martin ratioReturn relative to average drawdown | 6.36 | 11.84 | -5.48 |
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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.
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Drawdown Indicators
| HYTR | BBHY | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -0.44% | -0.13% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -2.36% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.53% | +0.17% |
Volatility
HYTR vs. BBHY - Volatility Comparison
The current volatility for CP High Yield Trend ETF (HYTR) is 0.92%, while JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) has a volatility of 1.00%. This indicates that HYTR experiences smaller price fluctuations and is considered to be less risky than BBHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYTR | BBHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 1.00% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 2.94% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.51% | 3.67% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 7.28% | -1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.84% | 7.51% | -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 5.74%, less than BBHY's 6.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 6.92% | 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 | 5.74% | 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 (1.00%) compared to HYTR (0.92%). In terms of maximum drawdown, HYTR dropped -13.25% vs BBHY's -24.98%.
On 5-year performance, BBHY leads with 3.99% vs 1.96% 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 3.99% return vs 1.96%. 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 6.92%, compared with 5.74% 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 (1.72 vs 1.26), 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.
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