LDRH vs. BBHY
LDRH (iShares iBonds 1-5 Year High Yield and Income Ladder ETF) and BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - LDRH tracks the BlackRock iBonds 1-5 Year High Yield and Income Ladder Index while BBHY tracks the ICE BofA US High Yield Index. Both are passively managed. Over the past year, LDRH returned 5.77% vs 6.22% for BBHY. Their correlation of 0.88 suggests significant overlap in exposure. LDRH charges 0.35%/yr vs 0.15%/yr for BBHY.
Performance
LDRH vs. BBHY - Performance Comparison
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Returns By Period
In the year-to-date period, LDRH achieves a 1.96% return, which is significantly higher than BBHY's 1.80% return.
LDRH
- 1D
- -0.02%
- 1M
- 0.31%
- YTD
- 1.96%
- 6M
- 1.88%
- 1Y
- 5.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BBHY
- 1D
- 0.07%
- 1M
- 0.55%
- YTD
- 1.80%
- 6M
- 1.79%
- 1Y
- 6.22%
- 3Y*
- 8.87%
- 5Y*
- 3.97%
- 10Y*
- —
LDRH vs. BBHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 1.96% | 7.18% | 0.21% |
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 1.80% | 8.51% | -0.27% |
Correlation
The correlation between LDRH and BBHY is 0.86, 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 | 0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.88 |
The correlation between LDRH and BBHY has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.
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Return for Risk
LDRH vs. BBHY — Risk / Return Rank
LDRH
BBHY
LDRH vs. BBHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) 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.
| LDRH | BBHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.33 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.70 | 2.63 | +2.07 |
| Martin ratioReturn relative to average drawdown | 19.42 | 11.73 | +7.70 |
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Drawdowns
LDRH vs. BBHY - Drawdown Comparison
The maximum LDRH drawdown since its inception was -3.17%, smaller than the maximum BBHY drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for LDRH and BBHY.
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Drawdown Indicators
| LDRH | BBHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.17% | -24.98% | +21.81% |
Max Drawdown (1Y)Largest decline over 1 year | -1.23% | -2.37% | +1.14% |
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 | -0.28% | -0.23% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -0.24% | -2.36% | +2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 0.53% | -0.23% |
Volatility
LDRH vs. BBHY - Volatility Comparison
The current volatility for iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) is 0.61%, while JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) has a volatility of 1.06%. This indicates that LDRH 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
| LDRH | BBHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 1.06% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 2.94% | -0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.60% | 3.67% | -1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.47% | 7.28% | -3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.47% | 7.52% | -4.05% |
LDRH vs. BBHY - Expense Ratio Comparison
LDRH has a 0.35% expense ratio, which is higher than BBHY's 0.15% expense ratio.
Dividends
LDRH vs. BBHY - Dividend Comparison
LDRH's dividend yield for the trailing twelve months is around 6.99%, which matches BBHY's 6.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 6.93% | 7.24% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% |
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 6.99% | 6.41% | 1.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LDRH and BBHY have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBHY has higher volatility (1.06%) compared to LDRH (0.61%). In terms of maximum drawdown, LDRH dropped -3.17% vs BBHY's -24.98%.
On 1-year performance, BBHY leads with 6.22% vs 5.77% for LDRH. On fees, BBHY is cheaper at 0.15% per year. On volatility, LDRH has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BBHY has performed better with a 6.22% return vs 5.77%. 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 LDRH.
LDRH has the higher dividend yield at 6.99%, compared with 6.93% for BBHY.
LDRH tracks BlackRock iBonds 1-5 Year High Yield and Income Ladder Index, 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 LDRH and 0.15% for BBHY.
LDRH currently has the higher Sharpe Ratio (2.23 vs 1.70), 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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