WFHY vs. BBHY
WFHY (WisdomTree U.S. High Yield Corporate Bond Fund) and BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - WFHY tracks the WisdomTree Fundamental U.S. High Yield Corporate Bond Index while BBHY tracks the ICE BofA US High Yield Index. Both are passively managed. Over the past 5 years, WFHY returned 3.14%/yr vs 4.03%/yr for BBHY. Their correlation of 0.82 suggests significant overlap in exposure. WFHY charges 0.38%/yr vs 0.15%/yr for BBHY.
Performance
WFHY vs. BBHY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WFHY achieves a 1.11% return, which is significantly lower than BBHY's 1.29% return.
WFHY
- 1D
- -0.39%
- 1M
- -0.26%
- YTD
- 1.11%
- 6M
- 1.31%
- 1Y
- 6.84%
- 3Y*
- 7.96%
- 5Y*
- 3.14%
- 10Y*
- 4.87%
BBHY
- 1D
- -0.44%
- 1M
- -0.32%
- YTD
- 1.29%
- 6M
- 1.70%
- 1Y
- 6.84%
- 3Y*
- 8.52%
- 5Y*
- 4.03%
- 10Y*
- —
WFHY vs. BBHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WFHY WisdomTree U.S. High Yield Corporate Bond Fund | 1.11% | 9.61% | 5.92% | 10.12% | -11.81% | 4.12% | 5.99% | 15.65% | -0.06% | 5.66% |
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 1.29% | 8.51% | 7.81% | 11.98% | -10.37% | 3.88% | 5.36% | 14.35% | -2.50% | 6.57% |
Correlation
The correlation between WFHY and BBHY is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2016 | 0.82 |
The correlation between WFHY and BBHY shifts across timeframes, from 0.82 (all time) to 0.96 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WFHY vs. BBHY — Risk / Return Rank
WFHY
BBHY
WFHY vs. BBHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) 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.
| WFHY | BBHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 2.89 | -0.41 |
| Martin ratioReturn relative to average drawdown | 11.27 | 12.98 | -1.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| WFHY | BBHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.89 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.56 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.64 | -0.03 |
Drawdowns
WFHY vs. BBHY - Drawdown Comparison
The maximum WFHY drawdown since its inception was -22.74%, smaller than the maximum BBHY drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for WFHY and BBHY.
Loading charts...
Drawdown Indicators
| WFHY | BBHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.74% | -24.98% | +2.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -2.37% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -4.58% | -5.00% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -15.32% | -0.89% |
Max Drawdown (10Y)Largest decline over 10 years | -22.74% | — | — |
Current DrawdownCurrent decline from peak | -0.43% | -0.58% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -2.75% | -2.37% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.53% | +0.08% |
Volatility
WFHY vs. BBHY - Volatility Comparison
The current volatility for WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) is 1.10%, while JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) has a volatility of 1.16%. This indicates that WFHY 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.
Loading charts...
Volatility by Period
| WFHY | BBHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.16% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 2.89% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 3.65% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 7.26% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.20% | 7.53% | +0.67% |
WFHY vs. BBHY - Expense Ratio Comparison
WFHY has a 0.38% expense ratio, which is higher than BBHY's 0.15% expense ratio.
Dividends
WFHY vs. BBHY - Dividend Comparison
WFHY's dividend yield for the trailing twelve months is around 6.28%, less than BBHY's 6.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 6.97% | 7.24% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% |
WFHY WisdomTree U.S. High Yield Corporate Bond Fund | 6.28% | 6.26% | 6.40% | 6.11% | 5.44% | 4.09% | 4.80% | 5.21% | 5.93% | 6.47% | 4.39% |
Frequently Asked Questions
With a correlation of 0.91, WFHY and BBHY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BBHY has higher volatility (1.16%) compared to WFHY (1.10%). In terms of maximum drawdown, WFHY dropped -22.74% vs BBHY's -24.98%.
On 5-year performance, BBHY leads with 4.03% vs 3.14% for WFHY. On fees, BBHY is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BBHY has performed better with a 4.03% return vs 3.14%. 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 0.38% for WFHY.
BBHY has the higher dividend yield at 6.97%, compared with 6.28% for WFHY.
WFHY tracks WisdomTree Fundamental U.S. High Yield Corporate Bond Index, while BBHY tracks ICE BofA US High Yield Index. They also come from different issuers: WisdomTree and JPMorgan. Their fees differ too: 0.38% for WFHY and 0.15% for BBHY.
BBHY currently has the higher Sharpe Ratio (1.89 vs 1.88), 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.
Find the right allocation for WFHY and BBHY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer