BBHY vs SPY
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BBHY or SPY?
High Yield Bond against Large Cap Blend.
BBHY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BBHY | SPY |
|---|---|---|
| Expense Ratio | 0.07%Best | 0.09% |
| AUM | $618M | $804.7B |
| Dividend Yield | 7.08% | 0.98% |
| Holdings | 1,670 | 505 |
| YTD Return | -1.45% | +11.45%Best |
| 1Y Return | -0.19% | +15.87%Best |
| 3Y Return (annualized) | +6.85% | +20.93%Best |
| 5Y Return (annualized) | +3.00% | +12.59%Best |
| Volatility (annualized) | 7.7%Best | 15.4% |
| Max Drawdown | -25.3%Best | -34.1% |
| $10,000 over 5 years | $11,593 | $18,093Best |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | High Yield Bond | Large Cap Blend |
| Inception | Sep 15, 2016 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 15, 2016 to Sep 15, 2026 (10 years).
BBHY vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 10 years both funds cover.
BBHY vs SPY Performance
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) is an ETF from J.P. Morgan Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BBHY returned -0.19% while SPY returned +15.87%. Year to date, BBHY is down 1.45% versus a gain of 11.45% for SPY.
Over three years, BBHY compounded at +6.85% per year against +20.93% for SPY; over five years the annualized figures are +3.00% and +12.59% respectively. Across the full 10-year window we track, SPY has the edge at +14.25% annualized vs +2.17%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 7.7% for BBHY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -25.3% for BBHY and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BBHY charges 0.07% per year while SPY charges 0.09%. On a $10,000 position that is $7 vs $9 annually, a gap of $2 per year that compounds over a long holding period. On income, BBHY currently yields 7.08% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 6 holdings in BBHY and 504 in SPY, totalling 0.6% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 6 positions we hold weights for in BBHY and 504 in SPY, against full books of 1,670 and 505.
You are not choosing between two funds in isolation.
Whichever of BBHY and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BBHY or SPY?
BBHY has an expense ratio of 0.07% while SPY charges 0.09%. BBHY is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, BBHY or SPY?
Over the past year BBHY returned -0.19% vs +15.87% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (10 years), BBHY annualized +2.17% vs +14.25% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BBHY or SPY?
SPY has been the more volatile fund at 15.4% annualized versus 7.7% for BBHY. Worst drawdown: BBHY -25.3% vs SPY -34.1%.
Should I hold both BBHY and SPY?
BBHY and SPY have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BBHY or SPY?
BBHY yields 7.08% while SPY yields 0.98%, so BBHY currently pays the higher dividend yield.
Is SPY better than BBHY?
BBHY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.