BBHY: Junk Bond ETF With Little Competitive Advantage

  • BBHY offers broad, diversified exposure to U.S. high yield bonds with a low 0.07% expense ratio and strong 7.6% yield. While BBHY marginally outperforms HYG, it lags behind some competitors in total return and risk-adjusted performance. Dividend growth has outpaced inflation, but BBHY's price return has not kept up, resulting in an inflation-adjusted value loss for shareholders.