BBBL vs. BBLB

Last updated Jun 5, 2026

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 6.99% vs 3.56% for BBLB. Their correlation of 0.91 suggests significant overlap in exposure. BBBL charges 0.19%/yr vs 0.04%/yr for BBLB.

Performance

BBBL vs. BBLB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) and JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBBL achieves a 1.50% return, which is significantly higher than BBLB's -0.13% return.

BBBL

• 1D: 0.27%
• 1M: 1.28%
• YTD: 1.50%
• 6M: 0.79%
• 1Y: 6.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBLB

• 1D: 0.23%
• 1M: 0.47%
• YTD: -0.13%
• 6M: -1.19%
• 1Y: 3.56%
• 3Y*: -1.57%
• 5Y*: —
• 10Y*: —

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

BBBL vs. BBLB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF	1.50%	7.02%	0.89%
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF	-0.13%	4.26%	-2.91%

Correlation

The correlation between BBBL and BBLB is 0.90, 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	0.90
Correlation (All Time) Calculated using the full available price history since Jan 26, 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.

Return for Risk

BBBL vs. BBLB — Risk / Return Rank

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

BBBL

BBBL Risk / Return Rank: 25
BBBL Sharpe Ratio Rank: 26
BBBL Sortino Ratio Rank: 25
BBBL Omega Ratio Rank: 24
BBBL Calmar Ratio Rank: 27
BBBL Martin Ratio Rank: 24

BBLB

BBLB Risk / Return Rank: 14
BBLB Sharpe Ratio Rank: 15
BBLB Sortino Ratio Rank: 14
BBLB Omega Ratio Rank: 13
BBLB Calmar Ratio Rank: 15
BBLB Martin Ratio Rank: 15

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.

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.

	BBBL	BBLB	Difference
Sharpe ratio: Return per unit of total volatility	0.90	0.37	+0.53
Sortino ratio: Return per unit of downside risk	1.32	0.60	+0.72
Omega ratio: Gain probability vs. loss probability	1.16	1.07	+0.09
Calmar ratio: Return relative to maximum drawdown	1.29	0.47	+0.81
Martin ratio: Return relative to average drawdown	3.23	1.18	+2.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBBL vs. BBLB - Sharpe Ratio Comparison

The current BBBL Sharpe Ratio is 0.90, which is higher than the BBLB Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of BBBL and BBLB, 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

	BBBL	BBLB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	0.37	+0.53
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	-0.16	+0.57

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.

Drawdown Indicators

	BBBL	BBLB	Difference
Max Drawdown Largest peak-to-trough decline	-9.43%	-21.06%	+11.63%
Max Drawdown (1Y) Largest decline over 1 year	-5.45%	-7.53%	+2.08%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.95%	—
Current Drawdown Current decline from peak	-1.62%	-8.73%	+7.11%
Average Drawdown Average peak-to-trough decline	-3.30%	-8.94%	+5.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	3.01%	-0.84%

Volatility

BBBL vs. BBLB - Volatility Comparison

The current volatility for Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) is 2.39%, while JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) has a volatility of 2.86%. 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.

Volatility by Period

	BBBL	BBLB	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.39%	2.86%	-0.47%
Volatility (6M) Calculated over the trailing 6-month period	5.75%	6.56%	-0.81%
Volatility (1Y) Calculated over the trailing 1-year period	7.86%	9.80%	-1.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.80%	13.82%	-4.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.80%	13.82%	-4.02%

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 5.72%, more than BBLB's 4.99% yield.

Position	TTM	2025	2024	2023
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF	5.72%	5.77%	5.19%	0.00%
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF	4.99%	5.03%	5.34%	2.82%

Frequently Asked Questions

Can I hold both BBBL and BBLB in my portfolio?

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.

Which is riskier, BBBL or BBLB?

BBLB has higher volatility (2.86%) compared to BBBL (2.39%). In terms of maximum drawdown, BBBL dropped -9.43% vs BBLB's -21.06%.

Which ETF is better, BBBL or BBLB?

On 1-year performance, BBBL leads with 6.99% vs 3.56% for BBLB. On fees, BBLB is cheaper at 0.04% per year. On volatility, BBBL has been the lower-risk option at 2.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBBL or BBLB?

Over the 1-year period, BBBL has performed better with a 6.99% return vs 3.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBBL or BBLB?

BBLB is cheaper with a 0.04% expense ratio, compared with 0.19% for BBBL.

Which ETF pays a higher dividend yield, BBBL or BBLB?

BBBL has the higher dividend yield at 5.72%, compared with 4.99% for BBLB.

What is the main difference between BBBL and 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.

Which has better risk-adjusted returns?

BBBL currently has the higher Sharpe Ratio (0.90 vs 0.37), 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.