36BD.DE vs. BBLL.DE
36BD.DE (iShares USD Development Bank Bonds UCITS ETF USD Acc) and BBLL.DE (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) are both Government Bonds funds - 36BD.DE tracks the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped while BBLL.DE tracks the ICE US Treasury 0-1 Year Index. Both are passively managed. Over the past 5 years, 36BD.DE returned 1.94%/yr vs 4.31%/yr for BBLL.DE. Their correlation of 0.86 suggests significant overlap in exposure. 36BD.DE charges 0.15%/yr vs 0.07%/yr for BBLL.DE.
Performance
36BD.DE vs. BBLL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36BD.DE achieves a 1.33% return, which is significantly lower than BBLL.DE's 2.66% return.
36BD.DE
- 1D
- 0.05%
- 1M
- 0.81%
- YTD
- 1.33%
- 6M
- 0.62%
- 1Y
- 2.03%
- 3Y*
- 1.18%
- 5Y*
- 1.94%
- 10Y*
- —
BBLL.DE
- 1D
- -0.11%
- 1M
- 1.43%
- YTD
- 2.66%
- 6M
- 1.86%
- 1Y
- 2.34%
- 3Y*
- 1.85%
- 5Y*
- 4.31%
- 10Y*
- —
36BD.DE vs. BBLL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
36BD.DE iShares USD Development Bank Bonds UCITS ETF USD Acc | 1.33% | -5.15% | 8.61% | 0.84% | -1.81% | 3.54% |
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 2.66% | -7.37% | 11.29% | 1.32% | 7.29% | 3.79% |
Correlation
The correlation between 36BD.DE and BBLL.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.86 |
The correlation between 36BD.DE and BBLL.DE has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
36BD.DE vs. BBLL.DE — Risk / Return Rank
36BD.DE
BBLL.DE
36BD.DE vs. BBLL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) and JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE). 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.
| 36BD.DE | BBLL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.06 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 0.62 | -0.15 |
| Martin ratioReturn relative to average drawdown | 1.13 | 1.30 | -0.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 36BD.DE | BBLL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 0.34 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.57 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.29 | -0.11 |
Drawdowns
36BD.DE vs. BBLL.DE - Drawdown Comparison
The maximum 36BD.DE drawdown since its inception was -11.97%, smaller than the maximum BBLL.DE drawdown of -13.03%. Use the drawdown chart below to compare losses from any high point for 36BD.DE and BBLL.DE.
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Drawdown Indicators
| 36BD.DE | BBLL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.97% | -13.03% | +1.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -3.38% | -0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -10.13% | -11.65% | +1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -11.97% | -11.65% | -0.32% |
Current DrawdownCurrent decline from peak | -6.13% | -7.22% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -6.14% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.61% | -0.06% |
Volatility
36BD.DE vs. BBLL.DE - Volatility Comparison
The current volatility for iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) is 0.74%, while JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) has a volatility of 1.28%. This indicates that 36BD.DE experiences smaller price fluctuations and is considered to be less risky than BBLL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36BD.DE | BBLL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.28% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 4.12% | -0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.39% | 6.07% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.21% | 7.46% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.16% | 7.22% | -0.06% |
36BD.DE vs. BBLL.DE - Expense Ratio Comparison
36BD.DE has a 0.15% expense ratio, which is higher than BBLL.DE's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
36BD.DE vs. BBLL.DE - Dividend Comparison
Neither 36BD.DE nor BBLL.DE has paid dividends to shareholders.
Frequently Asked Questions
36BD.DE and BBLL.DE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BBLL.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBLL.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for 36BD.DE.
36BD.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped, while BBLL.DE tracks ICE US Treasury 0-1 Year Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.15% for 36BD.DE and 0.07% for BBLL.DE.
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