IQHI vs. BBHY

Last updated Jun 26, 2026

IQHI (IQ MacKay ESG High Income ETF) and BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) are both High Yield Bonds funds. IQHI is actively managed, while BBHY is passively managed. Over the past 3 years, IQHI returned 8.51%/yr vs 8.81%/yr for BBHY. A 0.66 correlation means they provide meaningful diversification when combined. IQHI charges 0.40%/yr vs 0.15%/yr for BBHY.

Performance

IQHI vs. BBHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IQ MacKay ESG High Income ETF (IQHI) 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, IQHI achieves a 1.79% return, which is significantly lower than BBHY's 1.90% return.

IQHI

• 1D: -0.15%
• 1M: 0.07%
• YTD: 1.79%
• 6M: 1.99%
• 1Y: 6.47%
• 3Y*: 8.51%
• 5Y*: —
• 10Y*: —

BBHY

• 1D: 0.10%
• 1M: 0.29%
• YTD: 1.90%
• 6M: 1.89%
• 1Y: 6.28%
• 3Y*: 8.81%
• 5Y*: 3.99%
• 10Y*: —

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

IQHI vs. BBHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IQHI IQ MacKay ESG High Income ETF	1.79%	8.59%	6.98%	12.40%	2.78%
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF	1.90%	8.51%	7.81%	11.98%	3.28%

Correlation

The correlation between IQHI and BBHY is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Oct 25, 2022	0.66

The correlation between IQHI and BBHY has been stable across timeframes, ranging from 0.58 to 0.66 - a consistent structural relationship.

Return for Risk

IQHI vs. BBHY — Risk / Return Rank

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

IQHI

IQHI Risk / Return Rank: 63
IQHI Sharpe Ratio Rank: 59
IQHI Sortino Ratio Rank: 64
IQHI Omega Ratio Rank: 64
IQHI Calmar Ratio Rank: 61
IQHI Martin Ratio Rank: 70

BBHY

BBHY Risk / Return Rank: 64
BBHY Sharpe Ratio Rank: 59
BBHY Sortino Ratio Rank: 65
BBHY Omega Ratio Rank: 63
BBHY Calmar Ratio Rank: 62
BBHY Martin Ratio Rank: 73

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.

IQHI vs. BBHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IQ MacKay ESG High Income ETF (IQHI) 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.

	IQHI	BBHY	Difference
Sharpe ratio: Return per unit of total volatility	1.74	1.72	+0.02
Sortino ratio: Return per unit of downside risk	2.59	2.60	-0.01
Omega ratio: Gain probability vs. loss probability	1.34	1.33	0.00
Calmar ratio: Return relative to maximum drawdown	2.64	2.66	-0.01
Martin ratio: Return relative to average drawdown	11.25	11.84	-0.59

IQHI vs. BBHY - Sharpe Ratio Comparison

The current IQHI Sharpe Ratio is 1.74, which is comparable to the BBHY Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of IQHI 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.

Drawdowns

IQHI vs. BBHY - Drawdown Comparison

The maximum IQHI drawdown since its inception was -4.19%, smaller than the maximum BBHY drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for IQHI and BBHY.

Drawdown Indicators

	IQHI	BBHY	Difference
Max Drawdown Largest peak-to-trough decline	-4.19%	-24.98%	+20.79%
Max Drawdown (1Y) Largest decline over 1 year	-2.46%	-2.37%	-0.09%
Max Drawdown (3Y) Largest decline over 3 years	-3.97%	-5.00%	+1.03%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.32%	—
Current Drawdown Current decline from peak	-0.44%	-0.13%	-0.31%
Average Drawdown Average peak-to-trough decline	-0.62%	-2.36%	+1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	0.53%	+0.05%

Volatility

IQHI vs. BBHY - Volatility Comparison

The current volatility for IQ MacKay ESG High Income ETF (IQHI) is 0.85%, while JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) has a volatility of 1.00%. This indicates that IQHI 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.

Volatility by Period

	IQHI	BBHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.85%	1.00%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	3.11%	2.94%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	3.74%	3.67%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.87%	7.28%	-2.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.87%	7.51%	-2.64%

IQHI vs. BBHY - Expense Ratio Comparison

IQHI has a 0.40% expense ratio, which is higher than BBHY's 0.15% expense ratio.

Dividends

IQHI vs. BBHY - Dividend Comparison

IQHI's dividend yield for the trailing twelve months is around 7.57%, more 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%
IQHI IQ MacKay ESG High Income ETF	7.57%	7.88%	8.83%	6.92%	1.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IQHI and BBHY in my portfolio?

IQHI and BBHY have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IQHI or BBHY?

BBHY has higher volatility (1.00%) compared to IQHI (0.85%). In terms of maximum drawdown, IQHI dropped -4.19% vs BBHY's -24.98%.

Which ETF is better, IQHI or BBHY?

On 3-year performance, BBHY leads with 8.81% vs 8.51% for IQHI. On fees, BBHY is cheaper at 0.15% per year. On volatility, IQHI has been the lower-risk option at 0.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IQHI or BBHY?

Over the 3-year period, BBHY has performed better with a 8.81% return vs 8.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQHI or BBHY?

BBHY is cheaper with a 0.15% expense ratio, compared with 0.40% for IQHI.

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

IQHI has the higher dividend yield at 7.57%, compared with 6.92% for BBHY.

What is the main difference between IQHI and BBHY?

They also come from different issuers: IndexIQ and JPMorgan. Their fees differ too: 0.40% for IQHI and 0.15% for BBHY.

Which has better risk-adjusted returns?

IQHI currently has the higher Sharpe Ratio (1.74 vs 1.72), 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.