THYF vs. BBHY
Compare and contrast key facts about T. Rowe Price U.S. High Yield ETF (THYF) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY).
THYF and BBHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. THYF is an actively managed fund by T. Rowe Price. It was launched on Oct 25, 2022. BBHY is a passively managed fund by JPMorgan that tracks the performance of the ICE BofA US High Yield Index. It was launched on Sep 15, 2016.
Performance
THYF vs. BBHY - Performance Comparison
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THYF vs. BBHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
THYF T. Rowe Price U.S. High Yield ETF | -0.37% | 7.77% | 8.51% | 11.32% | 1.53% |
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | -0.05% | 8.51% | 7.81% | 11.98% | 2.22% |
Returns By Period
In the year-to-date period, THYF achieves a -0.37% return, which is significantly lower than BBHY's -0.05% return.
THYF
- 1D
- 0.41%
- 1M
- -0.76%
- YTD
- -0.37%
- 6M
- 0.94%
- 1Y
- 6.47%
- 3Y*
- 7.93%
- 5Y*
- —
- 10Y*
- —
BBHY
- 1D
- 0.23%
- 1M
- -0.68%
- YTD
- -0.05%
- 6M
- 1.03%
- 1Y
- 7.05%
- 3Y*
- 8.15%
- 5Y*
- 3.98%
- 10Y*
- —
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THYF vs. BBHY - Expense Ratio Comparison
THYF has a 0.56% expense ratio, which is higher than BBHY's 0.15% expense ratio.
Return for Risk
THYF vs. BBHY — Risk / Return Rank
THYF
BBHY
THYF vs. BBHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price U.S. High Yield ETF (THYF) 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.
| THYF | BBHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 1.24 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.72 | 1.81 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.30 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.68 | +0.05 |
Martin ratioReturn relative to average drawdown | 7.85 | 9.08 | -1.23 |
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
| THYF | BBHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 1.24 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.43 | 0.63 | +0.80 |
Correlation
The correlation between THYF and BBHY is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
THYF vs. BBHY - Dividend Comparison
THYF's dividend yield for the trailing twelve months is around 7.19%, which matches BBHY's 7.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
THYF T. Rowe Price U.S. High Yield ETF | 7.19% | 7.17% | 7.30% | 8.02% | 1.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 7.14% | 7.24% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% |
Drawdowns
THYF vs. BBHY - Drawdown Comparison
The maximum THYF drawdown since its inception was -5.24%, smaller than the maximum BBHY drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for THYF and BBHY.
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Drawdown Indicators
| THYF | BBHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.24% | -24.98% | +19.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.85% | -4.34% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.32% | — |
Current DrawdownCurrent decline from peak | -1.36% | -1.04% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -2.41% | +1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.80% | +0.09% |
Volatility
THYF vs. BBHY - Volatility Comparison
The current volatility for T. Rowe Price U.S. High Yield ETF (THYF) is 1.89%, while JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) has a volatility of 2.19%. This indicates that THYF 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
| THYF | BBHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 2.19% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 2.80% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.51% | 5.73% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.90% | 7.25% | -1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.90% | 7.58% | -1.68% |