USDX vs. BBAG

Last updated Jun 5, 2026

USDX (SGI Enhanced Core ETF) and BBAG (JPMorgan BetaBuilders U.S. Aggregate Bond ETF) are both Intermediate Core Bond funds. USDX is actively managed, while BBAG is passively managed. Over the past year, USDX returned 5.97% vs 4.67% for BBAG. At a 0.04 correlation, their price movements are largely independent. USDX charges 0.98%/yr vs 0.03%/yr for BBAG.

Performance

USDX vs. BBAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SGI Enhanced Core ETF (USDX) and JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USDX achieves a 1.79% return, which is significantly higher than BBAG's 0.32% return.

USDX

• 1D: -0.19%
• 1M: -0.06%
• YTD: 1.79%
• 6M: 2.25%
• 1Y: 5.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBAG

• 1D: 0.15%
• 1M: 0.18%
• YTD: 0.32%
• 6M: 0.39%
• 1Y: 4.67%
• 3Y*: 3.92%
• 5Y*: 0.02%
• 10Y*: —

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

USDX vs. BBAG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
USDX SGI Enhanced Core ETF	1.79%	6.25%	6.87%
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	0.32%	7.27%	2.88%

Correlation

The correlation between USDX and BBAG is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.02
Correlation (All Time) Calculated using the full available price history since Mar 1, 2024	0.04

USDX vs. BBAG - Sectors Allocation Comparison

Sectors	USDX	BBAG
Financial Services	84.7%	6.5%
Basic Materials	-	0.5%
Communication Services	-	46.6%
Consumer Cyclical	-	1.6%
Consumer Defensive	-	1.0%
Energy	-	1.2%
Healthcare	-	2.6%
Industrials	-	1.6%
Real Estate	-	6.8%
Technology	-	12.0%
Utilities	-	2.3%

Return for Risk

USDX vs. BBAG — Risk / Return Rank

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

USDX

USDX Risk / Return Rank: 94
USDX Sharpe Ratio Rank: 90
USDX Sortino Ratio Rank: 94
USDX Omega Ratio Rank: 96
USDX Calmar Ratio Rank: 92
USDX Martin Ratio Rank: 97

BBAG

BBAG Risk / Return Rank: 34
BBAG Sharpe Ratio Rank: 34
BBAG Sortino Ratio Rank: 35
BBAG Omega Ratio Rank: 32
BBAG Calmar Ratio Rank: 34
BBAG Martin Ratio Rank: 34

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.

USDX vs. BBAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SGI Enhanced Core ETF (USDX) and JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG). 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.

	USDX	BBAG	Difference
Sharpe ratio: Return per unit of total volatility	3.11	1.21	+1.90
Sortino ratio: Return per unit of downside risk	4.82	1.80	+3.02
Omega ratio: Gain probability vs. loss probability	1.77	1.21	+0.55
Calmar ratio: Return relative to maximum drawdown	6.40	1.69	+4.71
Martin ratio: Return relative to average drawdown	43.95	5.04	+38.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USDX vs. BBAG - Sharpe Ratio Comparison

The current USDX Sharpe Ratio is 3.11, which is higher than the BBAG Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of USDX and BBAG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	USDX	BBAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.11	1.21	+1.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.96	0.32	+3.63

Drawdowns

USDX vs. BBAG - Drawdown Comparison

The maximum USDX drawdown since its inception was -0.94%, smaller than the maximum BBAG drawdown of -18.73%. Use the drawdown chart below to compare losses from any high point for USDX and BBAG.

Drawdown Indicators

	USDX	BBAG	Difference
Max Drawdown Largest peak-to-trough decline	-0.94%	-18.73%	+17.79%
Max Drawdown (1Y) Largest decline over 1 year	-0.94%	-2.78%	+1.84%
Max Drawdown (3Y) Largest decline over 3 years	—	-6.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.06%	—
Current Drawdown Current decline from peak	-0.64%	-2.70%	+2.06%
Average Drawdown Average peak-to-trough decline	-0.06%	-6.22%	+6.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.14%	0.93%	-0.79%

Volatility

USDX vs. BBAG - Volatility Comparison

The current volatility for SGI Enhanced Core ETF (USDX) is 0.98%, while JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) has a volatility of 1.24%. This indicates that USDX experiences smaller price fluctuations and is considered to be less risky than BBAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USDX	BBAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	1.24%	-0.26%
Volatility (6M) Calculated over the trailing 6-month period	1.73%	2.83%	-1.10%
Volatility (1Y) Calculated over the trailing 1-year period	1.93%	3.92%	-1.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.68%	5.92%	-4.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.68%	5.80%	-4.12%

USDX vs. BBAG - Expense Ratio Comparison

USDX has a 0.98% expense ratio, which is higher than BBAG's 0.03% expense ratio.

Dividends

USDX vs. BBAG - Dividend Comparison

USDX's dividend yield for the trailing twelve months is around 5.90%, more than BBAG's 4.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	4.36%	4.29%	4.25%	3.60%	2.23%	1.44%	2.26%	2.92%	0.16%
USDX SGI Enhanced Core ETF	5.90%	5.88%	4.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USDX and BBAG in my portfolio?

USDX and BBAG have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USDX or BBAG?

BBAG has higher volatility (1.24%) compared to USDX (0.98%). In terms of maximum drawdown, USDX dropped -0.94% vs BBAG's -18.73%.

Which ETF is better, USDX or BBAG?

On 1-year performance, USDX leads with 5.97% vs 4.67% for BBAG. On fees, BBAG is cheaper at 0.03% per year. On volatility, USDX has been the lower-risk option at 0.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USDX or BBAG?

Over the 1-year period, USDX has performed better with a 5.97% return vs 4.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USDX or BBAG?

BBAG is cheaper with a 0.03% expense ratio, compared with 0.98% for USDX.

Which ETF pays a higher dividend yield, USDX or BBAG?

USDX has the higher dividend yield at 5.90%, compared with 4.36% for BBAG.

What is the main difference between USDX and BBAG?

They also come from different issuers: Summit Global Investments and JPMorgan. Their fees differ too: 0.98% for USDX and 0.03% for BBAG.

Which has better risk-adjusted returns?

USDX currently has the higher Sharpe Ratio (3.11 vs 1.21), 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.