BB3M.L vs. VDST.L

Last updated Jun 5, 2026

BB3M.L (JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD) and VDST.L (Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating) are both exchange-traded funds - BB3M.L is a Ultrashort Bond fund actively managed by JPMorgan, while VDST.L is a Government Bonds fund tracking the Bloomberg Short Treasury Index. BB3M.L is actively managed, while VDST.L is passively managed. Over the past 5 years, BB3M.L returned 3.46%/yr vs 3.36%/yr for VDST.L. At a 0.23 correlation, their price movements are largely independent. BB3M.L charges 0.07%/yr vs 0.05%/yr for VDST.L.

Performance

BB3M.L vs. VDST.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 Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating (VDST.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with BB3M.L having a 1.48% return and VDST.L slightly lower at 1.46%.

BB3M.L

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

VDST.L

• 1D: 0.04%
• 1M: 0.31%
• YTD: 1.46%
• 6M: 1.75%
• 1Y: 3.95%
• 3Y*: 4.71%
• 5Y*: 3.36%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021
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%
VDST.L Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating	1.46%	4.26%	5.24%	4.98%	0.95%	0.01%

Correlation

The correlation between BB3M.L and VDST.L is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021	0.23

The correlation between BB3M.L and VDST.L shifts across timeframes, from -0.01 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BB3M.L vs. VDST.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: 98
BB3M.L Sharpe Ratio Rank: 97
BB3M.L Sortino Ratio Rank: 98
BB3M.L Omega Ratio Rank: 98
BB3M.L Calmar Ratio Rank: 99
BB3M.L Martin Ratio Rank: 99

VDST.L

VDST.L Risk / Return Rank: 99
VDST.L Sharpe Ratio Rank: 99
VDST.L Sortino Ratio Rank: 99
VDST.L Omega Ratio Rank: 99
VDST.L Calmar Ratio Rank: 99
VDST.L Martin Ratio Rank: 99

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. VDST.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 Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating (VDST.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.L	VDST.L	Difference
Sharpe ratio: Return per unit of total volatility	4.80	9.31	-4.52
Sortino ratio: Return per unit of downside risk	8.13	22.17	-14.04
Omega ratio: Gain probability vs. loss probability	2.14	4.88	-2.74
Calmar ratio: Return relative to maximum drawdown	28.84	36.06	-7.22
Martin ratio: Return relative to average drawdown	103.10	244.57	-141.47
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. VDST.L - Sharpe Ratio Comparison

The current BB3M.L Sharpe Ratio is 4.80, which is lower than the VDST.L Sharpe Ratio of 9.31. The chart below compares the historical Sharpe Ratios of BB3M.L and VDST.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.

Sharpe Ratios by Period

	BB3M.L	VDST.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.80	9.31	-4.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	3.51	8.05	-4.54
Sharpe Ratio (All Time) Calculated using the full available price history	3.40	7.83	-4.43

Drawdowns

BB3M.L vs. VDST.L - Drawdown Comparison

The maximum BB3M.L drawdown since its inception was -1.19%, which is greater than VDST.L's maximum drawdown of -0.36%. Use the drawdown chart below to compare losses from any high point for BB3M.L and VDST.L.

Drawdown Indicators

	BB3M.L	VDST.L	Difference
Max Drawdown Largest peak-to-trough decline	-1.19%	-0.36%	-0.83%
Max Drawdown (1Y) Largest decline over 1 year	-0.14%	-0.11%	-0.03%
Max Drawdown (3Y) Largest decline over 3 years	-0.23%	-0.15%	-0.08%
Max Drawdown (5Y) Largest decline over 5 years	-1.19%	-0.36%	-0.83%
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. VDST.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 Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating (VDST.L) at 0.12%. This indicates that BB3M.L's price experiences larger fluctuations and is considered to be riskier than VDST.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BB3M.L	VDST.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.30%	0.12%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	0.63%	0.33%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	0.82%	0.42%	+0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.99%	0.47%	+0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.96%	0.46%	+0.50%

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

BB3M.L has a 0.07% expense ratio, which is higher than VDST.L's 0.05% 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

BB3M.L vs. VDST.L - Dividend Comparison

Neither BB3M.L nor VDST.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BB3M.L and VDST.L in my portfolio?

BB3M.L and VDST.L have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BB3M.L or VDST.L?

On fees, VDST.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BB3M.L or VDST.L?

VDST.L is cheaper with a 0.05% expense ratio, compared with 0.07% for BB3M.L.

What is the main difference between BB3M.L and VDST.L?

BB3M.L is categorized as Ultrashort Bond, while VDST.L is Government Bonds. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.07% for BB3M.L and 0.05% for VDST.L.