BBHY vs SPY
BBHY vs SPY
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
BBHY has a lower expense ratio. SPY delivered stronger 1-year returns. BBHY offers more diversification with 1201 holdings.
Side-by-Side Comparison
| Metric | BBHY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.07% | 0.09% | |
| AUM | $620M | $789.1B | |
| Dividend Yield | 7.41% | 1.01% | |
| Holdings | 1,563 | 505 | |
| YTD Return | +0.02% | +13.10% | |
| 1Y Return | +3.15% | +22.80% | |
| 3Y Return (annualized) | +7.55% | +20.98% | |
| 5Y Return (annualized) | +3.55% | +13.20% | |
| Volatility (annualized) | 7.7% | 15.3% | |
| Max Drawdown | -25.3% | -56.5% | |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 15, 2016 | Jan 22, 1993 |
BBHY vs SPY Performance
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) is a ETF from J.P. Morgan Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BBHY returned +3.15% while SPY returned +22.80%. Year to date, BBHY is up 0.02% versus a gain of 13.10% for SPY.
Over three years, BBHY compounded at +7.55% per year against +20.98% for SPY; over five years the annualized figures are +3.55% and +13.20% respectively. Across the full 10-year window we track, SPY has the edge at +8.83% annualized vs +2.35%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 7.41% against 1.01% for SPY.
Holdings Overlap
BBHY and SPY share 0 holdings out of 1704 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $2 per year of difference.
Which performed better, BBHY or SPY?
Over the past year BBHY returned +3.15% vs +22.80% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (10 years), BBHY annualized +2.35% vs +8.83% for SPY. Past performance does not guarantee future results.
Which is riskier, BBHY or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 7.7% for BBHY. Worst drawdown: BBHY -25.3% vs SPY -56.5%.
Should I hold both BBHY and SPY?
BBHY and SPY have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BBHY and SPY?
BBHY and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1704 unique securities.
Which pays a higher dividend, BBHY or SPY?
BBHY yields 7.41% while SPY yields 1.01%, so BBHY currently pays the higher dividend yield.
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