Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
JPMorgan BetaBuilders U.S. Aggregate Bond ETF
$43.88+0.03 (+0.06%)
- 0.03%
- $973M
- −2.0%
- 4.56%
- 0.1M sh
- $43.83
- low $43.48high $47.18
The ETF.net BBAG Grade
A
Score 79 out of 100
- 9 of 117
Score 79 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A95 out of 100Rank 3 of 117Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 101Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C50 out of 100Rank 39 of 116Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B57 out of 100Rank 42 of 117Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B65 out of 100Rank 49 of 116Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A72 out of 100Rank 30 of 117
Our read on BBAG
ACore US bond exposure for 0.03% a year. JPMorgan turned up late to the Agg price war in 2018 and came in at the floor, matching the fee charged by rivals many times its size.
The fund seeks results that closely track the Bloomberg U.S. Aggregate Bond Index, which represents the U.S. investment-grade fixed-rate bond market.
Why people hold it
- 0.03% a year sits on the category's price floor, level with AGG, BND, SPAB and SCHZ and far below the typical core-bond fund.
- The whole job is hugging the Bloomberg U.S. Aggregate Bond Index, and it does that tightly: among the closer trackers in a crowded core-bond field.am.jpmorgan.com
- One line item covers roughly 1,700 investment-grade, fixed-rate US bonds. No issue picking, no maturity ladders to babysit.
- Distributions come monthly, not quarterly, so income lands on a steadier cadence.
Worth knowing
- Interest rates drive this thing. Broad investment-grade bonds lose price when yields rise, and the fund carries that exposure undiluted.
- Investment grade, fixed rate, US only. High-yield credit, floating-rate paper and foreign bonds sit outside the mandate by design.
- Smaller and less heavily traded than AGG and BND, so spreads can run wider. Limit orders matter more here than with the giants.
BBAG Holdings
- Bonds
- 1,513
- 15%
- JPMorgan U.s. Government
Geography
- United States92.57%
- Canada1.69%
- United Kingdom0.93%
- Japan0.73%
- Luxembourg0.46%
- Mexico0.46%
- Spain0.35%
- Ireland0.33%
- 2.49%
BBAG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
BBAG$9,804
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BBAG |
|---|---|
| Year to date | −2.4% |
| 1 month | −1.0% |
| 3 months | −2.5% |
| 1 year | −2.0% |
| 3 years | +4.4% |
| 5 years | −0.6% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BBAG |
|---|---|---|
| 2026 YTD | −2.4% | |
| 2025 | +7.3% | |
| 2024 | +1.3% | |
| 2023 | +5.4% | |
| 2022 | −13.3% | |
| 2021 | −1.8% | |
| 2020 | +7.1% |
BBAG in the news
BBAG Dividends
- 4.56%
- $2.00
- $0.16 per share
- Monthly
Distribution history
BBAG Risk
- 5.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.07
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −17.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.00
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BBAG Cost
0.03%
BBAG0.03%
- The middle half of US Aggregate Bond funds
- Median 0.34%
No US Aggregate Bond fund charges less.
Other funds in US Aggregate Bond
- AIAGGiShares Core International Aggregate Bond ETFExpense ratio 0.07%1 year return +0.4%
- AEAGGiShares ESG Aware U.S. Aggregate Bond ETFExpense ratio 0.10%1 year return −2.1%
- ABIVVanguard Intermediate-Term Bond ETFExpense ratio 0.03%1 year return −2.6%
- AAGGMiShares 1-10 Year U.S. Aggregate Bond ETFExpense ratio 0.03%1 year return −2.1%
- ABNDXVanguard Total International Bond ETFExpense ratio 0.07%1 year return −0.9%