BBCB vs. SGOV

Last updated Jun 4, 2026

BBCB (JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - BBCB is a Corporate Bonds fund tracking the Bloomberg US Corporate Investment Grade, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 5 years, BBCB returned 0.84%/yr vs 3.54%/yr for SGOV. At a 0.01 correlation, their price movements are largely independent. Both charge a 0.09% expense ratio.

Performance

BBCB vs. SGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) and iShares 0-3 Month Treasury Bond ETF (SGOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBCB achieves a 2.82% return, which is significantly higher than SGOV's 1.51% return.

BBCB

• 1D: -0.11%
• 1M: 0.66%
• YTD: 2.82%
• 6M: 2.66%
• 1Y: 8.37%
• 3Y*: 5.98%
• 5Y*: 0.84%
• 10Y*: —

SGOV

• 1D: 0.01%
• 1M: 0.29%
• YTD: 1.51%
• 6M: 1.80%
• 1Y: 3.95%
• 3Y*: 4.72%
• 5Y*: 3.54%
• 10Y*: —

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

BBCB vs. SGOV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BBCB JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF	2.82%	7.69%	1.97%	8.42%	-15.72%	-2.23%	6.58%
SGOV iShares 0-3 Month Treasury Bond ETF	1.51%	4.24%	5.27%	5.12%	1.58%	0.04%	0.05%

Correlation

The correlation between BBCB and SGOV is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.00
Correlation (5Y) Calculated over the trailing 5-year period	0.01
Correlation (All Time) Calculated using the full available price history since May 29, 2020	0.01

The correlation between BBCB and SGOV shifts across timeframes, from -0.14 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BBCB vs. SGOV — Risk / Return Rank

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

BBCB

BBCB Risk / Return Rank: 56
BBCB Sharpe Ratio Rank: 50
BBCB Sortino Ratio Rank: 60
BBCB Omega Ratio Rank: 55
BBCB Calmar Ratio Rank: 58
BBCB Martin Ratio Rank: 58

SGOV

SGOV Risk / Return Rank: 100
SGOV Sharpe Ratio Rank: 100
SGOV Sortino Ratio Rank: 100
SGOV Omega Ratio Rank: 100
SGOV Calmar Ratio Rank: 100
SGOV Martin Ratio Rank: 100

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.

BBCB vs. SGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.

	BBCB	SGOV	Difference
Sharpe ratio Return per unit of total volatility	1.71	20.28	-18.57
Sortino ratio Return per unit of downside risk	2.79	275.69	-272.89
Omega ratio Gain probability vs. loss probability	1.34	195.55	-194.22
Calmar ratio Return relative to maximum drawdown	2.85	398.20	-395.35
Martin ratio Return relative to average drawdown	10.09	4,462.00	-4,451.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBCB vs. SGOV - Sharpe Ratio Comparison

The current BBCB Sharpe Ratio is 1.71, which is lower than the SGOV Sharpe Ratio of 20.28. The chart below compares the historical Sharpe Ratios of BBCB and SGOV, 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

	BBCB	SGOV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	20.28	-18.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	14.73	-14.62
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	12.48	-12.03

Drawdowns

BBCB vs. SGOV - Drawdown Comparison

The maximum BBCB drawdown since its inception was -22.48%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for BBCB and SGOV.

Drawdown Indicators

	BBCB	SGOV	Difference
Max Drawdown Largest peak-to-trough decline	-22.48%	-0.03%	-22.45%
Max Drawdown (1Y) Largest decline over 1 year	-2.95%	-0.01%	-2.94%
Max Drawdown (3Y) Largest decline over 3 years	-6.46%	-0.01%	-6.45%
Max Drawdown (5Y) Largest decline over 5 years	-22.32%	-0.03%	-22.29%
Current Drawdown Current decline from peak	-0.34%	0.00%	-0.34%
Average Drawdown Average peak-to-trough decline	-6.66%	-0.00%	-6.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	0.00%	+0.83%

Volatility

BBCB vs. SGOV - Volatility Comparison

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) has a higher volatility of 1.41% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that BBCB's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBCB	SGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	0.05%	+1.36%
Volatility (6M) Calculated over the trailing 6-month period	3.98%	0.13%	+3.85%
Volatility (1Y) Calculated over the trailing 1-year period	4.93%	0.20%	+4.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.25%	0.24%	+7.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.50%	0.24%	+7.26%

BBCB vs. SGOV - Expense Ratio Comparison

Both BBCB and SGOV have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

BBCB vs. SGOV - Dividend Comparison

BBCB's dividend yield for the trailing twelve months is around 7.15%, more than SGOV's 3.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBCB JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF	7.15%	5.02%	5.22%	4.22%	3.39%	3.47%	4.59%	5.25%	0.20%
SGOV iShares 0-3 Month Treasury Bond ETF	3.86%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBCB and SGOV in my portfolio?

BBCB and SGOV have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBCB or SGOV?

BBCB has higher volatility (1.41%) compared to SGOV (0.05%). In terms of maximum drawdown, BBCB dropped -22.48% vs SGOV's -0.03%.

Which ETF is better, BBCB or SGOV?

On 5-year performance, SGOV leads with 3.54% vs 0.84% for BBCB. Both ETFs have the same 0.09% expense ratio. On volatility, SGOV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBCB or SGOV?

Over the 5-year period, SGOV has performed better with a 3.54% return vs 0.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBCB or SGOV?

BBCB and SGOV have the same expense ratio: 0.09% per year.

Which ETF pays a higher dividend yield, BBCB or SGOV?

BBCB has the higher dividend yield at 7.15%, compared with 3.86% for SGOV.

What is the main difference between BBCB and SGOV?

BBCB is categorized as Corporate Bonds, while SGOV is Ultrashort Bond. BBCB tracks Bloomberg US Corporate Investment Grade, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: JPMorgan and iShares.

Which has better risk-adjusted returns?

SGOV currently has the higher Sharpe Ratio (20.28 vs 1.71), 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.