BBAG vs. IBTO
BBAG (JPMorgan BetaBuilders U.S. Aggregate Bond ETF) and IBTO (iShares iBonds Dec 2033 Term Treasury ETF) are both Intermediate Core Bond funds - BBAG tracks the Bloomberg US Aggregate Bond Index while IBTO tracks the ICE 2033 Maturity US Treasury Index. Both are passively managed. Over the past year, BBAG returned 5.12% vs 4.04% for IBTO. With a 0.96 correlation, they move nearly in lockstep. BBAG charges 0.03%/yr vs 0.07%/yr for IBTO.
Performance
BBAG vs. IBTO - Performance Comparison
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Returns By Period
In the year-to-date period, BBAG achieves a 0.17% return, which is significantly higher than IBTO's -0.58% return.
BBAG
- 1D
- -0.23%
- 1M
- 0.21%
- YTD
- 0.17%
- 6M
- 0.02%
- 1Y
- 5.12%
- 3Y*
- 3.86%
- 5Y*
- -0.01%
- 10Y*
- —
IBTO
- 1D
- -0.21%
- 1M
- -0.17%
- YTD
- -0.58%
- 6M
- -1.02%
- 1Y
- 4.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BBAG vs. IBTO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF | 0.17% | 7.27% | 1.26% | 3.41% |
IBTO iShares iBonds Dec 2033 Term Treasury ETF | -0.58% | 8.23% | -0.87% | 1.71% |
Correlation
The correlation between BBAG and IBTO is 0.94, 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 | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.96 |
The correlation between BBAG and IBTO has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
BBAG vs. IBTO — Risk / Return Rank
BBAG
IBTO
BBAG vs. IBTO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) and iShares iBonds Dec 2033 Term Treasury ETF (IBTO). 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.
| BBAG | IBTO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.16 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.11 | +0.74 |
| Martin ratioReturn relative to average drawdown | 5.54 | 3.21 | +2.33 |
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
| BBAG | IBTO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 0.91 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.43 | -0.11 |
Drawdowns
BBAG vs. IBTO - Drawdown Comparison
The maximum BBAG drawdown since its inception was -18.73%, which is greater than IBTO's maximum drawdown of -8.36%. Use the drawdown chart below to compare losses from any high point for BBAG and IBTO.
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Drawdown Indicators
| BBAG | IBTO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.73% | -8.36% | -10.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -3.66% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -6.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.06% | — | — |
Current DrawdownCurrent decline from peak | -2.84% | -2.63% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -2.37% | -3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.26% | -0.33% |
Volatility
BBAG vs. IBTO - Volatility Comparison
The current volatility for JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) is 1.24%, while iShares iBonds Dec 2033 Term Treasury ETF (IBTO) has a volatility of 1.32%. This indicates that BBAG experiences smaller price fluctuations and is considered to be less risky than IBTO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBAG | IBTO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.32% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 3.02% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 4.46% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 6.61% | -0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.80% | 6.61% | -0.81% |
BBAG vs. IBTO - Expense Ratio Comparison
BBAG has a 0.03% expense ratio, which is lower than IBTO's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BBAG vs. IBTO - Dividend Comparison
BBAG's dividend yield for the trailing twelve months is around 4.37%, more than IBTO's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF | 4.37% | 4.29% | 4.25% | 3.60% | 2.23% | 1.44% | 2.26% | 2.92% | 0.16% |
IBTO iShares iBonds Dec 2033 Term Treasury ETF | 4.15% | 4.05% | 4.23% | 1.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, BBAG and IBTO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IBTO has higher volatility (1.32%) compared to BBAG (1.24%). In terms of maximum drawdown, BBAG dropped -18.73% vs IBTO's -8.36%.
On 1-year performance, BBAG leads with 5.12% vs 4.04% for IBTO. On fees, BBAG is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BBAG has performed better with a 5.12% return vs 4.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBAG is cheaper with a 0.03% expense ratio, compared with 0.07% for IBTO.
BBAG has the higher dividend yield at 4.37%, compared with 4.15% for IBTO.
BBAG tracks Bloomberg US Aggregate Bond Index, while IBTO tracks ICE 2033 Maturity US Treasury Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.03% for BBAG and 0.07% for IBTO.
BBAG currently has the higher Sharpe Ratio (1.31 vs 0.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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