USHY vs. BBTBX
USHY (iShares Broad USD High Yield Corporate Bond ETF) and BBTBX (Bridge Builder Core Bond Fund) are both funds - USHY is a High Yield Bonds fund tracking the ICE BofA US High Yield Constrained Index, while BBTBX is a Intermediate Core Bond fund managed by Bridge Builder. Over the past 5 years, USHY returned 4.16%/yr vs 0.08%/yr for BBTBX. At a 0.27 correlation, their price movements are largely independent. USHY charges 0.15%/yr vs 0.13%/yr for BBTBX.
Performance
USHY vs. BBTBX - Performance Comparison
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Returns By Period
In the year-to-date period, USHY achieves a 1.29% return, which is significantly higher than BBTBX's -0.41% return.
USHY
- 1D
- 0.08%
- 1M
- -0.14%
- YTD
- 1.29%
- 6M
- 1.85%
- 1Y
- 6.84%
- 3Y*
- 8.79%
- 5Y*
- 4.16%
- 10Y*
- —
BBTBX
- 1D
- -0.45%
- 1M
- -0.51%
- YTD
- -0.41%
- 6M
- 0.07%
- 1Y
- 5.06%
- 3Y*
- 4.05%
- 5Y*
- 0.08%
- 10Y*
- 1.77%
USHY vs. BBTBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USHY iShares Broad USD High Yield Corporate Bond ETF | 1.29% | 8.81% | 8.45% | 12.73% | -11.18% | 5.02% | 6.17% | 14.24% | -2.41% | 0.16% |
BBTBX Bridge Builder Core Bond Fund | -0.41% | 7.82% | 1.89% | 5.41% | -13.49% | -1.12% | 8.54% | 9.15% | 0.13% | 1.00% |
Correlation
The correlation between USHY and BBTBX is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.27 |
Over the past year, USHY and BBTBX have become more correlated (0.54) than their long-term average of 0.27, meaning their price movements have been converging.
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Return for Risk
USHY vs. BBTBX — Risk / Return Rank
USHY
BBTBX
USHY vs. BBTBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond ETF (USHY) and Bridge Builder Core Bond Fund (BBTBX). 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.
| USHY | BBTBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.19 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 1.52 | +1.31 |
| Martin ratioReturn relative to average drawdown | 12.68 | 4.34 | +8.34 |
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
| USHY | BBTBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.10 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.01 | +0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.37 | +0.21 |
Drawdowns
USHY vs. BBTBX - Drawdown Comparison
The maximum USHY drawdown since its inception was -22.44%, which is greater than BBTBX's maximum drawdown of -18.54%. Use the drawdown chart below to compare losses from any high point for USHY and BBTBX.
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Drawdown Indicators
| USHY | BBTBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.44% | -18.54% | -3.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -2.97% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | -6.32% | +1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -15.56% | -18.54% | +2.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.54% | — |
Current DrawdownCurrent decline from peak | -0.41% | -1.94% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -2.66% | -3.91% | +1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 1.02% | -0.48% |
Volatility
USHY vs. BBTBX - Volatility Comparison
The current volatility for iShares Broad USD High Yield Corporate Bond ETF (USHY) is 1.13%, while Bridge Builder Core Bond Fund (BBTBX) has a volatility of 1.34%. This indicates that USHY experiences smaller price fluctuations and is considered to be less risky than BBTBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USHY | BBTBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.34% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 2.96% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 4.10% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.34% | 5.97% | +1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.25% | 4.94% | +3.31% |
USHY vs. BBTBX - Expense Ratio Comparison
USHY has a 0.15% expense ratio, which is higher than BBTBX's 0.13% 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
USHY vs. BBTBX - Dividend Comparison
USHY's dividend yield for the trailing twelve months is around 6.93%, more than BBTBX's 4.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBTBX Bridge Builder Core Bond Fund | 4.09% | 4.58% | 3.92% | 2.86% | 2.26% | 2.38% | 4.73% | 3.39% | 3.02% | 2.67% | 0.95% | 0.17% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.93% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% | 0.00% | 0.00% |
Frequently Asked Questions
USHY and BBTBX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBTBX has higher volatility (1.34%) compared to USHY (1.13%). In terms of maximum drawdown, USHY dropped -22.44% vs BBTBX's -18.54%.
USHY currently has the higher Sharpe Ratio (1.88 vs 1.10), 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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