IBHJ vs. BBHY
IBHJ (iShares iBonds 2030 Term High Yield and Income ETF) and BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - IBHJ tracks the Bloomberg 2030 Term High Yield and Income Index - Benchmark TR Gross while BBHY tracks the ICE BofA US High Yield Index. Both are passively managed. Over the past year, IBHJ returned 7.29% vs 7.15% for BBHY. Their correlation of 0.90 suggests significant overlap in exposure. IBHJ charges 0.35%/yr vs 0.15%/yr for BBHY.
Performance
IBHJ vs. BBHY - Performance Comparison
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Returns By Period
In the year-to-date period, IBHJ achieves a 1.50% return, which is significantly lower than BBHY's 1.58% return.
IBHJ
- 1D
- -0.34%
- 1M
- 0.50%
- YTD
- 1.50%
- 6M
- 2.06%
- 1Y
- 7.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BBHY
- 1D
- -0.24%
- 1M
- 0.42%
- YTD
- 1.58%
- 6M
- 1.96%
- 1Y
- 7.15%
- 3Y*
- 8.61%
- 5Y*
- 4.09%
- 10Y*
- —
IBHJ vs. BBHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBHJ iShares iBonds 2030 Term High Yield and Income ETF | 1.50% | 9.28% | 7.32% | 8.37% |
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 1.58% | 8.51% | 7.81% | 8.35% |
Correlation
The correlation between IBHJ and BBHY is 0.91, 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 | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.90 |
The correlation between IBHJ and BBHY has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
IBHJ vs. BBHY — Risk / Return Rank
IBHJ
BBHY
IBHJ vs. BBHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2030 Term High Yield and Income ETF (IBHJ) 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.
| IBHJ | BBHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.39 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 3.02 | -0.04 |
| Martin ratioReturn relative to average drawdown | 13.41 | 13.58 | -0.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBHJ | BBHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 1.98 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.53 | 0.64 | +0.89 |
Drawdowns
IBHJ vs. BBHY - Drawdown Comparison
The maximum IBHJ drawdown since its inception was -4.93%, smaller than the maximum BBHY drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for IBHJ and BBHY.
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Drawdown Indicators
| IBHJ | BBHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.93% | -24.98% | +20.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -2.37% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.00% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.32% | — |
Current DrawdownCurrent decline from peak | -0.39% | -0.30% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -0.62% | -2.37% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 0.53% | +0.01% |
Volatility
IBHJ vs. BBHY - Volatility Comparison
iShares iBonds 2030 Term High Yield and Income ETF (IBHJ) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) have volatilities of 1.09% and 1.12%, 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.
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Volatility by Period
| IBHJ | BBHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.12% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 2.86% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 3.62% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.95% | 7.26% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.95% | 7.53% | -1.58% |
IBHJ vs. BBHY - Expense Ratio Comparison
IBHJ has a 0.35% expense ratio, which is higher than BBHY's 0.15% expense ratio.
Dividends
IBHJ vs. BBHY - Dividend Comparison
IBHJ's dividend yield for the trailing twelve months is around 6.68%, less than BBHY's 6.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 6.95% | 7.24% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% |
IBHJ iShares iBonds 2030 Term High Yield and Income ETF | 6.68% | 6.64% | 6.87% | 3.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, IBHJ 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 (1.12%) compared to IBHJ (1.09%). In terms of maximum drawdown, IBHJ dropped -4.93% vs BBHY's -24.98%.
On 1-year performance, IBHJ leads with 7.29% vs 7.15% for BBHY. 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 1-year period, IBHJ has performed better with a 7.29% return vs 7.15%. 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 0.35% for IBHJ.
BBHY has the higher dividend yield at 6.95%, compared with 6.68% for IBHJ.
IBHJ tracks Bloomberg 2030 Term High Yield and Income Index - Benchmark TR Gross, while BBHY tracks ICE BofA US High Yield Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.35% for IBHJ and 0.15% for BBHY.
BBHY currently has the higher Sharpe Ratio (1.98 vs 1.80), 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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