BBBL vs. IBGB
BBBL (Bondbloxx BBB Rated 10+ Year Corporate Bond ETF) and IBGB (iShares iBonds Dec 2045 Term Treasury 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 IBGB is a Government Bonds fund tracking the ICE 2045 Maturity US Treasury Index. Both are passively managed. Over the past year, BBBL returned 6.99% vs 4.04% for IBGB. Their correlation of 0.89 suggests significant overlap in exposure. BBBL charges 0.19%/yr vs 0.07%/yr for IBGB.
Performance
BBBL vs. IBGB - 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 IBGB's -0.23% return.
BBBL
- 1D
- 0.27%
- 1M
- 1.28%
- YTD
- 1.50%
- 6M
- 0.79%
- 1Y
- 6.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBGB
- 1D
- 0.17%
- 1M
- 0.38%
- YTD
- -0.23%
- 6M
- -0.92%
- 1Y
- 4.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BBBL vs. IBGB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF | 1.50% | 5.70% |
IBGB iShares iBonds Dec 2045 Term Treasury ETF | -0.23% | 2.71% |
Correlation
The correlation between BBBL and IBGB 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 Mar 27, 2025 | 0.89 |
The correlation between BBBL and IBGB has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.
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Return for Risk
BBBL vs. IBGB — Risk / Return Rank
BBBL
IBGB
BBBL vs. IBGB - 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 iShares iBonds Dec 2045 Term Treasury ETF (IBGB). 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 | IBGB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.09 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 0.60 | +0.69 |
| Martin ratioReturn relative to average drawdown | 3.23 | 1.61 | +1.62 |
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 | IBGB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.49 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.22 | +0.19 |
Drawdowns
BBBL vs. IBGB - Drawdown Comparison
The maximum BBBL drawdown since its inception was -9.43%, which is greater than IBGB's maximum drawdown of -8.09%. Use the drawdown chart below to compare losses from any high point for BBBL and IBGB.
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Drawdown Indicators
| BBBL | IBGB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.43% | -8.09% | -1.34% |
Max Drawdown (1Y)Largest decline over 1 year | -5.45% | -6.79% | +1.34% |
Current DrawdownCurrent decline from peak | -1.62% | -4.02% | +2.40% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -3.17% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 2.52% | -0.35% |
Volatility
BBBL vs. IBGB - Volatility Comparison
The current volatility for Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) is 2.39%, while iShares iBonds Dec 2045 Term Treasury ETF (IBGB) has a volatility of 2.58%. This indicates that BBBL experiences smaller price fluctuations and is considered to be less risky than IBGB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBBL | IBGB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 2.58% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 5.75% | 5.79% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.86% | 8.44% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.80% | 9.52% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.80% | 9.52% | +0.28% |
BBBL vs. IBGB - Expense Ratio Comparison
BBBL has a 0.19% expense ratio, which is higher than IBGB's 0.07% 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. IBGB - Dividend Comparison
BBBL's dividend yield for the trailing twelve months is around 5.72%, more than IBGB's 4.63% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF | 5.72% | 5.77% | 5.19% |
IBGB iShares iBonds Dec 2045 Term Treasury ETF | 4.63% | 3.53% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, BBBL and IBGB 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.
IBGB has higher volatility (2.58%) compared to BBBL (2.39%). In terms of maximum drawdown, BBBL dropped -9.43% vs IBGB's -8.09%.
On 1-year performance, BBBL leads with 6.99% vs 4.04% for IBGB. On fees, IBGB is cheaper at 0.07% 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.
Over the 1-year period, BBBL has performed better with a 6.99% return vs 4.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBGB is cheaper with a 0.07% expense ratio, compared with 0.19% for BBBL.
BBBL has the higher dividend yield at 5.72%, compared with 4.63% for IBGB.
BBBL is categorized as Long-Term Bond, while IBGB is Government Bonds. BBBL tracks Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross, while IBGB tracks ICE 2045 Maturity US Treasury Index. They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.19% for BBBL and 0.07% for IBGB.
BBBL currently has the higher Sharpe Ratio (0.90 vs 0.49), 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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