BBBL vs. BLV
BBBL (Bondbloxx BBB Rated 10+ Year Corporate Bond ETF) and BLV (Vanguard Long-Term Bond ETF) are both Long-Term Bond funds - BBBL tracks the Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross while BLV tracks the Bloomberg U.S. Long Government/Credit Float Adjusted Index. Both are passively managed. Over the past year, BBBL returned 6.99% vs 5.44% for BLV. With a 0.96 correlation, they move nearly in lockstep. BBBL charges 0.19%/yr vs 0.03%/yr for BLV.
Performance
BBBL vs. BLV - Performance Comparison
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Returns By Period
In the year-to-date period, BBBL achieves a 1.50% return, which is significantly higher than BLV's 0.47% return.
BBBL
- 1D
- 0.27%
- 1M
- 1.28%
- YTD
- 1.50%
- 6M
- 0.79%
- 1Y
- 6.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLV
- 1D
- 0.19%
- 1M
- 0.75%
- YTD
- 0.47%
- 6M
- -0.30%
- 1Y
- 5.44%
- 3Y*
- 2.18%
- 5Y*
- -3.30%
- 10Y*
- 1.04%
BBBL vs. BLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF | 1.50% | 7.02% | 0.89% |
BLV Vanguard Long-Term Bond ETF | 0.47% | 6.44% | -0.45% |
Correlation
The correlation between BBBL and BLV is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2024 | 0.96 |
The correlation between BBBL and BLV has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.
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Return for Risk
BBBL vs. BLV — Risk / Return Rank
BBBL
BLV
BBBL vs. BLV - 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 Vanguard Long-Term Bond ETF (BLV). 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 | BLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.12 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 0.95 | +0.33 |
| Martin ratioReturn relative to average drawdown | 3.23 | 2.40 | +0.83 |
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
| BBBL | BLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.68 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.26 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.37 | +0.04 |
Drawdowns
BBBL vs. BLV - Drawdown Comparison
The maximum BBBL drawdown since its inception was -9.43%, smaller than the maximum BLV drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for BBBL and BLV.
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Drawdown Indicators
| BBBL | BLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.43% | -38.29% | +28.86% |
Max Drawdown (1Y)Largest decline over 1 year | -5.45% | -5.73% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.16% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.29% | — |
Current DrawdownCurrent decline from peak | -1.62% | -24.00% | +22.38% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -9.51% | +6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 2.27% | -0.10% |
Volatility
BBBL vs. BLV - Volatility Comparison
Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) and Vanguard Long-Term Bond ETF (BLV) have volatilities of 2.39% and 2.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBBL | BLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 2.46% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 5.75% | 5.62% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.86% | 8.15% | -0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.80% | 12.96% | -3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.80% | 11.98% | -2.18% |
BBBL vs. BLV - Expense Ratio Comparison
BBBL has a 0.19% expense ratio, which is higher than BLV's 0.03% 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. BLV - Dividend Comparison
BBBL's dividend yield for the trailing twelve months is around 5.72%, more than BLV's 4.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF | 5.72% | 5.77% | 5.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BLV Vanguard Long-Term Bond ETF | 4.79% | 4.67% | 5.09% | 4.06% | 4.17% | 3.37% | 6.12% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% |
Frequently Asked Questions
With a correlation of 0.96, BBBL and BLV 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.
BLV has higher volatility (2.46%) compared to BBBL (2.39%). In terms of maximum drawdown, BBBL dropped -9.43% vs BLV's -38.29%.
On 1-year performance, BBBL leads with 6.99% vs 5.44% for BLV. On fees, BLV 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, BBBL has performed better with a 6.99% return vs 5.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BLV is cheaper with a 0.03% expense ratio, compared with 0.19% for BBBL.
BBBL has the higher dividend yield at 5.72%, compared with 4.79% for BLV.
BBBL tracks Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross, while BLV tracks Bloomberg U.S. Long Government/Credit Float Adjusted Index. They also come from different issuers: BondBloxx and Vanguard. Their fees differ too: 0.19% for BBBL and 0.03% for BLV.
BBBL currently has the higher Sharpe Ratio (0.90 vs 0.68), 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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