PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
BB3M.L vs. IBTU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BB3M.L vs. IBTU.L

Last updated Jun 5, 2026

BB3M.L (JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD) and IBTU.L (iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both exchange-traded funds - BB3M.L is a Ultrashort Bond fund actively managed by JPMorgan, while IBTU.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. BB3M.L is actively managed, while IBTU.L is passively managed. Over the past 5 years, BB3M.L returned 3.46%/yr vs 3.38%/yr for IBTU.L. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.07% expense ratio.

Performance

BB3M.L vs. IBTU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD (BB3M.L) and iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, BB3M.L achieves a 1.48% return, which is significantly higher than IBTU.L's 1.39% return.

BB3M.L

1D
0.05%
1M
0.34%
YTD
1.48%
6M
1.88%
1Y
3.95%
3Y*
4.69%
5Y*
3.46%
10Y*
—

IBTU.L

1D
0.01%
1M
0.30%
YTD
1.39%
6M
1.78%
1Y
3.98%
3Y*
4.74%
5Y*
3.38%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

BB3M.L vs. IBTU.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
BB3M.L
JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD		1.48%4.28%5.24%4.94%1.46%-0.02%
IBTU.L
iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)		1.39%4.36%5.23%4.96%1.09%-0.02%

Correlation

The correlation between BB3M.L and IBTU.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.19

Correlation (3Y)
Calculated over the trailing 3-year period

0.17

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (All Time)
Calculated using the full available price history since Feb 24, 2021

0.24

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD

iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)

Often compared with BB3M.L:
BB3M.L vs. UESD.LBB3M.L vs. JGST.LBB3M.L vs. IB01.LBB3M.L vs. JGSA.LBB3M.L vs. ERN1.LBB3M.L vs. ERNS.LBB3M.L vs. U03A.L
Often compared with IBTU.L:
IBTU.L vs. SGOVIBTU.L vs. USFR.LIBTU.L vs. SHVIBTU.L vs. OBILIBTU.L vs. CSCOIBTU.L vs. MINTIBTU.L vs. XHLF

Return for Risk

BB3M.L vs. IBTU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BB3M.L
BB3M.L Risk / Return Rank: 9898
Overall Rank
BB3M.L Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
BB3M.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
BB3M.L Omega Ratio Rank: 9898
Omega Ratio Rank
BB3M.L Calmar Ratio Rank: 9999
Calmar Ratio Rank
BB3M.L Martin Ratio Rank: 9999
Martin Ratio Rank
IBTU.L
IBTU.L Risk / Return Rank: 9999
Overall Rank
IBTU.L Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
IBTU.L Sortino Ratio Rank: 9999
Sortino Ratio Rank
IBTU.L Omega Ratio Rank: 9999
Omega Ratio Rank
IBTU.L Calmar Ratio Rank: 9999
Calmar Ratio Rank
IBTU.L Martin Ratio Rank: 9999
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BB3M.L vs. IBTU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD (BB3M.L) and iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L). 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.

BB3M.LIBTU.LDifference
Sharpe ratioReturn per unit of total volatility
4.80
8.12

-3.32

Sortino ratioReturn per unit of downside risk
8.13
17.26

-9.13

Omega ratioGain probability vs. loss probability

2.14

3.95

-1.81

Calmar ratioReturn relative to maximum drawdown

28.84

24.79

+4.05

Martin ratioReturn relative to average drawdown

103.10

183.92

-80.82

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BB3M.L vs. IBTU.L - Sharpe Ratio Comparison

The current BB3M.L Sharpe Ratio is 4.80, which is lower than the IBTU.L Sharpe Ratio of 8.12. The chart below compares the historical Sharpe Ratios of BB3M.L and IBTU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

BB3M.LIBTU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.80

8.12

-3.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

3.51

6.79

-3.28

Sharpe Ratio (All Time)

Calculated using the full available price history

3.40

5.05

-1.65

Drawdowns

BB3M.L vs. IBTU.L - Drawdown Comparison

The maximum BB3M.L drawdown since its inception was -1.19%, which is greater than IBTU.L's maximum drawdown of -0.62%. Use the drawdown chart below to compare losses from any high point for BB3M.L and IBTU.L.

Loading charts...

Drawdown Indicators

BB3M.LIBTU.LDifference

Max Drawdown

Largest peak-to-trough decline

-1.19%

-0.62%

-0.57%

Max Drawdown (1Y)

Largest decline over 1 year

-0.14%

-0.16%

+0.02%

Max Drawdown (3Y)

Largest decline over 3 years

-0.23%

-0.16%

-0.07%

Max Drawdown (5Y)

Largest decline over 5 years

-1.19%

-0.29%

-0.90%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-0.03%

-0.03%

0.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.04%

0.02%

+0.02%

Volatility

BB3M.L vs. IBTU.L - Volatility Comparison

JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD (BB3M.L) has a higher volatility of 0.30% compared to iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) at 0.08%. This indicates that BB3M.L's price experiences larger fluctuations and is considered to be riskier than IBTU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

BB3M.LIBTU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.30%

0.08%

+0.22%

Volatility (6M)

Calculated over the trailing 6-month period

0.63%

0.31%

+0.32%

Volatility (1Y)

Calculated over the trailing 1-year period

0.82%

0.49%

+0.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.99%

0.50%

+0.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.96%

0.54%

+0.42%

BB3M.L vs. IBTU.L - Expense Ratio Comparison

Both BB3M.L and IBTU.L have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

BB3M.L vs. IBTU.L - Dividend Comparison

BB3M.L has not paid dividends to shareholders, while IBTU.L's dividend yield for the trailing twelve months is around 4.07%.

PositionTTM2025202420232022202120202019
BB3M.L
JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IBTU.L
iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)		4.07%4.43%6.82%3.99%0.44%0.10%1.28%1.21%

Frequently Asked Questions

BB3M.L and IBTU.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

BB3M.L and IBTU.L have the same expense ratio: 0.07% per year.

BB3M.L is categorized as Ultrashort Bond, while IBTU.L is Government Bonds. They also come from different issuers: JPMorgan and iShares.

Portfolio Optimizer

Find the right allocation for BB3M.L and IBTU.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer