INVG vs. BBCB
INVG (GMO Systematic Investment Grade Credit ETF) and BBCB (JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds. INVG is actively managed, while BBCB is passively managed. With a 0.96 correlation, they move nearly in lockstep. INVG charges 0.25%/yr vs 0.09%/yr for BBCB.
Performance
INVG vs. BBCB - Performance Comparison
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Returns By Period
In the year-to-date period, INVG achieves a 0.68% return, which is significantly lower than BBCB's 2.82% return.
INVG
- 1D
- -0.23%
- 1M
- 0.73%
- YTD
- 0.68%
- 6M
- 0.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BBCB
- 1D
- -0.11%
- 1M
- 0.66%
- YTD
- 2.82%
- 6M
- 2.66%
- 1Y
- 8.37%
- 3Y*
- 5.98%
- 5Y*
- 0.84%
- 10Y*
- —
INVG vs. BBCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
INVG GMO Systematic Investment Grade Credit ETF | 0.68% | 4.69% |
BBCB JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF | 2.82% | 4.81% |
Correlation
The correlation between INVG and BBCB 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 (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.96 |
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Return for Risk
INVG vs. BBCB — Risk / Return Rank
INVG
BBCB
INVG vs. BBCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Systematic Investment Grade Credit ETF (INVG) and JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB). 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.
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Sharpe Ratios by Period
| INVG | BBCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.71 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.23 | 0.46 | +0.78 |
Drawdowns
INVG vs. BBCB - Drawdown Comparison
The maximum INVG drawdown since its inception was -3.15%, smaller than the maximum BBCB drawdown of -22.48%. Use the drawdown chart below to compare losses from any high point for INVG and BBCB.
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Drawdown Indicators
| INVG | BBCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.15% | -22.48% | +19.33% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.95% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.32% | — |
Current DrawdownCurrent decline from peak | -0.88% | -0.34% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -6.66% | +5.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.83% | — |
Volatility
INVG vs. BBCB - Volatility Comparison
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Volatility by Period
| INVG | BBCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.41% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.42% | 4.93% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.42% | 7.25% | -2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.42% | 7.50% | -3.08% |
INVG vs. BBCB - Expense Ratio Comparison
INVG has a 0.25% expense ratio, which is higher than BBCB's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
INVG vs. BBCB - Dividend Comparison
INVG's dividend yield for the trailing twelve months is around 4.68%, less than BBCB's 7.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BBCB JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF | 7.15% | 5.02% | 5.22% | 4.22% | 3.39% | 3.47% | 4.59% | 5.25% | 0.20% |
INVG GMO Systematic Investment Grade Credit ETF | 4.68% | 2.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, INVG and BBCB 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.
On fees, BBCB is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBCB is cheaper with a 0.09% expense ratio, compared with 0.25% for INVG.
BBCB has the higher dividend yield at 7.15%, compared with 4.68% for INVG.
They also come from different issuers: GMO and JPMorgan. Their fees differ too: 0.25% for INVG and 0.09% for BBCB.
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