BBBL vs. TLT
Compare and contrast key facts about Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) and iShares 20+ Year Treasury Bond ETF (TLT).
BBBL and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBBL is a passively managed fund by BondBloxx that tracks the performance of the Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross. It was launched on Jan 23, 2024. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002. Both BBBL and TLT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBBL or TLT.
Key characteristics
| BBBL | TLT | |
|---|---|---|
| Daily Std Dev | 10.12% | 14.94% |
| Max Drawdown | -7.11% | -48.35% |
| Current Drawdown | -4.80% | -40.06% |
Correlation
The correlation between BBBL and TLT is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BBBL vs. TLT - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BBBL vs. TLT - Expense Ratio Comparison
BBBL has a 0.19% expense ratio, which is higher than TLT's 0.15% 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%.
Risk-Adjusted Performance
BBBL vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) and iShares 20+ Year Treasury Bond ETF (TLT). 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.
Not enough dataDividends
BBBL vs. TLT - Dividend Comparison
BBBL's dividend yield for the trailing twelve months is around 4.19%, more than TLT's 4.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF | 4.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.00% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
BBBL vs. TLT - Drawdown Comparison
The maximum BBBL drawdown since its inception was -7.11%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for BBBL and TLT. For additional features, visit the drawdowns tool.
Volatility
BBBL vs. TLT - Volatility Comparison
The current volatility for Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) is 3.96%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 5.02%. This indicates that BBBL experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.