Correlation
The correlation between XB and BBHY is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
XB vs. BBHY
Compare and contrast key facts about BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY).
XB and BBHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XB is a passively managed fund by BondBloxx that tracks the performance of the ICE BofA Single-B US Cash Pay High Yield Constrained Index. It was launched on May 24, 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. Both XB and BBHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XB or BBHY.
Performance
XB vs. BBHY - Performance Comparison
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Key characteristics
XB:
1.26
BBHY:
1.52
XB:
1.86
BBHY:
2.18
XB:
1.27
BBHY:
1.34
XB:
1.45
BBHY:
1.78
XB:
6.99
BBHY:
9.59
XB:
1.11%
BBHY:
0.93%
XB:
6.22%
BBHY:
5.91%
XB:
-9.25%
BBHY:
-24.98%
XB:
-0.16%
BBHY:
-0.07%
Returns By Period
In the year-to-date period, XB achieves a 1.94% return, which is significantly lower than BBHY's 2.53% return.
XB
1.94%
1.03%
1.42%
7.78%
5.67%
N/A
N/A
BBHY
2.53%
1.31%
1.93%
8.88%
5.94%
4.80%
N/A
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XB vs. BBHY - Expense Ratio Comparison
XB has a 0.30% expense ratio, which is higher than BBHY's 0.15% expense ratio.
Risk-Adjusted Performance
XB vs. BBHY — Risk-Adjusted Performance Rank
XB
BBHY
XB vs. BBHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) 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.
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Dividends
XB vs. BBHY - Dividend Comparison
XB's dividend yield for the trailing twelve months is around 7.30%, less than BBHY's 7.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 7.30% | 7.74% | 7.87% | 5.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 7.83% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% |
Drawdowns
XB vs. BBHY - Drawdown Comparison
The maximum XB drawdown since its inception was -9.25%, smaller than the maximum BBHY drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for XB and BBHY.
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Volatility
XB vs. BBHY - Volatility Comparison
BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) have volatilities of 1.64% and 1.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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