BBBL vs. BBLB
BBBL (Bondbloxx BBB Rated 10+ Year Corporate Bond ETF) and BBLB (JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF) are both exchange-traded funds - BBBL is a Long-Term Bond fund tracking the Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross, while BBLB is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past year, BBBL returned 0.55% vs -1.99% for BBLB. Their correlation of 0.91 means they have usually moved in the same direction. BBBL charges 0.19%/yr vs 0.04%/yr for BBLB.
Performance
BBBL vs. BBLB - Performance Comparison
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Returns By Period
In the year-to-date period, BBBL achieves a -1.75% return, which is significantly higher than BBLB's -3.22% return.
BBBL
- 1D
- 0.57%
- 1M
- -3.26%
- 6M
- -2.49%
- YTD
- -1.75%
- 1Y
- 0.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.39%
BBLB
- 1D
- 0.47%
- 1M
- -3.56%
- 6M
- -2.82%
- YTD
- -3.22%
- 1Y
- -1.99%
- 3Y*
- -1.04%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -3.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.44K | $88.79K | $60.52K | |
| $43.30K | $43.33K | $64.10K |
BBBL vs. BBLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF | -1.75% | 7.02% | 0.93% |
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | -3.22% | 4.26% | -2.20% |
Correlation
The correlation between BBBL and BBLB is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024 | 0.91 |
The correlation between BBBL and BBLB has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
BBBL vs. BBLB — Risk / Return Rank
BBBL
BBLB
BBBL vs. BBLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) and JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB). 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.
| BBBL | BBLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.97 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | -0.26 | +0.36 |
| Martin ratioReturn relative to average drawdown | 0.22 | -0.56 | +0.78 |
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Drawdowns
BBBL vs. BBLB - Drawdown Comparison
The maximum BBBL drawdown since its inception was -9.43%, smaller than the maximum BBLB drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for BBBL and BBLB.
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Drawdown Indicators
| BBBL | BBLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.43% | -21.06% | +11.63% |
Max Drawdown (1Y)Largest decline over 1 year | -5.45% | -7.76% | +2.31% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.67% | — |
Current DrawdownCurrent decline from peak | -4.77% | -11.55% | +6.78% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -8.94% | +5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 3.55% | -1.08% |
Volatility
BBBL vs. BBLB - Volatility Comparison
The current volatility for Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) is 2.09%, while JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) has a volatility of 2.52%. This indicates that BBBL experiences smaller price fluctuations and is considered to be less risky than BBLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBBL | BBLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 2.52% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 5.97% | 6.92% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.64% | 9.25% | -1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.66% | 13.63% | -3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.66% | 13.63% | -3.97% |
BBBL vs. BBLB - Expense Ratio Comparison
BBBL has a 0.19% expense ratio, which is higher than BBLB's 0.04% 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
BBBL vs. BBLB - Dividend Comparison
BBBL's dividend yield for the trailing twelve months is around 5.92%, more than BBLB's 5.02% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF | 5.92% | 5.77% | 5.19% | 0.00% |
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | 5.02% | 5.03% | 5.34% | 2.82% |
Frequently Asked Questions
With a correlation of 0.90, BBBL and BBLB 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.
BBLB has higher volatility (2.52%) compared to BBBL (2.09%). In terms of maximum drawdown, BBBL dropped -9.43% vs BBLB's -21.06%.
On 1-year performance, BBBL leads with 0.55% vs -1.99% for BBLB. On fees, BBLB is cheaper at 0.04% per year. On volatility, BBBL has been the lower-risk option at 2.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BBBL has performed better with a 0.55% return vs -1.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBLB is cheaper with a 0.04% expense ratio, compared with 0.19% for BBBL.
BBBL has the higher dividend yield at 5.92%, compared with 5.02% for BBLB.
BBBL is categorized as Long-Term Bond, while BBLB is Government Bonds. BBBL tracks Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross, while BBLB tracks ICE U.S. Treasury 20+ Year Bond Index. They also come from different issuers: BondBloxx and JPMorgan. Their fees differ too: 0.19% for BBBL and 0.04% for BBLB.
BBBL currently has the higher Sharpe Ratio (0.07 vs -0.22), 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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