BBAG vs. VTG

Last updated Jul 14, 2026

BBAG (JPMorgan BetaBuilders U.S. Aggregate Bond ETF) and VTG (Vanguard Total Treasury ETF) are both exchange-traded funds - BBAG is a Intermediate Core Bond fund tracking the Bloomberg US Aggregate Bond Index, while VTG is a Government Bonds fund tracking the Bloomberg U.S. Treasury Total Return Unhedged USD Index. Both are passively managed. Over the past year, BBAG returned 3.78% vs 2.81% for VTG. Their correlation of 0.95 suggests significant overlap in exposure. Both charge a 0.03% expense ratio.

Performance

BBAG vs. VTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) and Vanguard Total Treasury ETF (VTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBAG achieves a -0.18% return, which is significantly higher than VTG's -0.43% return.

BBAG

• 1D: -0.31%
• 1M: -0.64%
• 6M: -0.34%
• YTD: -0.18%
• 1Y: 3.78%
• 3Y*: 3.69%
• 5Y*: -0.29%
• 10Y*: —

VTG

• 1D: -0.28%
• 1M: -0.53%
• 6M: -0.49%
• YTD: -0.43%
• 1Y: 2.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BBAG vs. VTG - Yearly Performance Comparison

	2026 (YTD)	2025
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	-0.18%	4.01%
VTG Vanguard Total Treasury ETF	-0.43%	3.07%

Correlation

The correlation between BBAG and VTG is 0.95, 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	0.95
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025	0.95

The correlation between BBAG and VTG has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.

Return for Risk

BBAG vs. VTG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBAG

BBAG Risk / Return Rank: 33
BBAG Sharpe Ratio Rank: 34
BBAG Sortino Ratio Rank: 34
BBAG Omega Ratio Rank: 31
BBAG Calmar Ratio Rank: 33
BBAG Martin Ratio Rank: 32

VTG

VTG Risk / Return Rank: 26
VTG Sharpe Ratio Rank: 28
VTG Sortino Ratio Rank: 26
VTG Omega Ratio Rank: 24
VTG Calmar Ratio Rank: 25
VTG Martin Ratio Rank: 24

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.

BBAG vs. VTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) and Vanguard Total Treasury ETF (VTG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BBAG	VTG	Difference
Sharpe ratio: Return per unit of total volatility	0.98	0.80	+0.18
Sortino ratio: Return per unit of downside risk	1.48	1.20	+0.27
Omega ratio: Gain probability vs. loss probability	1.17	1.14	+0.03
Calmar ratio: Return relative to maximum drawdown	1.37	0.98	+0.39
Martin ratio: Return relative to average drawdown	3.72	2.56	+1.16

BBAG vs. VTG - Sharpe Ratio Comparison

The current BBAG Sharpe Ratio is 0.98, which is comparable to the VTG Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of BBAG and VTG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BBAG vs. VTG - Drawdown Comparison

The maximum BBAG drawdown since its inception was -18.73%, which is greater than VTG's maximum drawdown of -2.89%. Use the drawdown chart below to compare losses from any high point for BBAG and VTG.

Drawdown Indicators

	BBAG	VTG	Difference
Max Drawdown Largest peak-to-trough decline	-18.73%	-2.89%	-15.84%
Max Drawdown (1Y) Largest decline over 1 year	-2.78%	-2.89%	+0.11%
Max Drawdown (3Y) Largest decline over 3 years	-6.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.06%	—	—
Current Drawdown Current decline from peak	-3.18%	-2.21%	-0.97%
Average Drawdown Average peak-to-trough decline	-6.17%	-0.83%	-5.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	1.10%	-0.08%

Volatility

BBAG vs. VTG - Volatility Comparison

JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) has a higher volatility of 1.23% compared to Vanguard Total Treasury ETF (VTG) at 1.13%. This indicates that BBAG's price experiences larger fluctuations and is considered to be riskier than VTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBAG	VTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.23%	1.13%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	2.99%	2.64%	+0.35%
Volatility (1Y) Calculated over the trailing 1-year period	3.87%	3.53%	+0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.94%	3.53%	+2.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.78%	3.53%	+2.25%

BBAG vs. VTG - Expense Ratio Comparison

Both BBAG and VTG have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

BBAG vs. VTG - Dividend Comparison

BBAG's dividend yield for the trailing twelve months is around 4.40%, more than VTG's 3.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	4.40%	4.29%	4.25%	3.60%	2.23%	1.44%	2.26%	2.92%	0.16%
VTG Vanguard Total Treasury ETF	3.55%	1.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBAG and VTG in my portfolio?

With a correlation of 0.95, BBAG and VTG 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.

Which is riskier, BBAG or VTG?

BBAG has higher volatility (1.23%) compared to VTG (1.13%). In terms of maximum drawdown, BBAG dropped -18.73% vs VTG's -2.89%.

Which ETF is better, BBAG or VTG?

On 1-year performance, BBAG leads with 3.78% vs 2.81% for VTG. Both ETFs have the same 0.03% expense ratio. On volatility, VTG has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBAG or VTG?

Over the 1-year period, BBAG has performed better with a 3.78% return vs 2.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBAG or VTG?

BBAG and VTG have the same expense ratio: 0.03% per year.

Which ETF pays a higher dividend yield, BBAG or VTG?

BBAG has the higher dividend yield at 4.40%, compared with 3.55% for VTG.

What is the main difference between BBAG and VTG?

BBAG is categorized as Intermediate Core Bond, while VTG is Government Bonds. BBAG tracks Bloomberg US Aggregate Bond Index, while VTG tracks Bloomberg U.S. Treasury Total Return Unhedged USD Index. They also come from different issuers: JPMorgan and Vanguard.

Which has better risk-adjusted returns?

BBAG currently has the higher Sharpe Ratio (0.98 vs 0.80), 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.