BBDD.L vs. BB3M.L
BBDD.L (JPMorgan BetaBuilders US Equity UCITS ETF (Dist)) and BB3M.L (JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD) are both exchange-traded funds - BBDD.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while BB3M.L is a Ultrashort Bond fund actively managed by JPMorgan. BBDD.L is passively managed, while BB3M.L is actively managed. Over the past 5 years, BBDD.L returned 14.50%/yr vs 4.58%/yr for BB3M.L. At a 0.14 correlation, their price movements are largely independent. BBDD.L charges 0.05%/yr vs 0.07%/yr for BB3M.L.
Performance
BBDD.L vs. BB3M.L - Performance Comparison
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Different Trading Currencies
BBDD.L is traded in GBp, while BB3M.L is traded in USD. To make them comparable, the BB3M.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, BBDD.L achieves a 10.30% return, which is significantly higher than BB3M.L's 1.89% return.
BBDD.L
- 1D
- 0.06%
- 1M
- 5.57%
- YTD
- 10.30%
- 6M
- 10.10%
- 1Y
- 28.61%
- 3Y*
- 19.09%
- 5Y*
- 14.50%
- 10Y*
- —
BB3M.L
- 1D
- 0.05%
- 1M
- 1.26%
- YTD
- 1.89%
- 6M
- 1.17%
- 1Y
- 4.96%
- 3Y*
- 2.06%
- 5Y*
- 4.58%
- 10Y*
- —
BBDD.L vs. BB3M.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BBDD.L JPMorgan BetaBuilders US Equity UCITS ETF (Dist) | 10.30% | 9.41% | 27.20% | 20.72% | -10.45% | 28.97% |
BB3M.L JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD | 1.89% | -3.15% | 7.08% | -0.30% | 13.53% | 4.28% |
Correlation
The correlation between BBDD.L and BB3M.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.14 |
The correlation between BBDD.L and BB3M.L shifts across timeframes, from 0.14 (all time) to 0.24 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BBDD.L vs. BB3M.L — Risk / Return Rank
BBDD.L
BB3M.L
BBDD.L vs. BB3M.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders US Equity UCITS ETF (Dist) (BBDD.L) and JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD (BB3M.L). 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.
| BBDD.L | BB3M.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.13 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 0.95 | +2.71 |
| Martin ratioReturn relative to average drawdown | 12.78 | 2.57 | +10.21 |
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
| BBDD.L | BB3M.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | 0.75 | +1.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.54 | +0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.51 | +0.45 |
Drawdowns
BBDD.L vs. BB3M.L - Drawdown Comparison
The maximum BBDD.L drawdown since its inception was -25.72%, which is greater than BB3M.L's maximum drawdown of -15.92%. Use the drawdown chart below to compare losses from any high point for BBDD.L and BB3M.L.
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Drawdown Indicators
| BBDD.L | BB3M.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.72% | -15.92% | -9.80% |
Max Drawdown (1Y)Largest decline over 1 year | -7.78% | -5.16% | -2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -21.41% | -9.76% | -11.65% |
Max Drawdown (5Y)Largest decline over 5 years | -21.41% | -15.92% | -5.49% |
Current DrawdownCurrent decline from peak | -0.16% | -6.09% | +5.93% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -6.72% | +3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 1.93% | +0.30% |
Volatility
BBDD.L vs. BB3M.L - Volatility Comparison
JPMorgan BetaBuilders US Equity UCITS ETF (Dist) (BBDD.L) has a higher volatility of 2.63% compared to JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD (BB3M.L) at 1.73%. This indicates that BBDD.L's price experiences larger fluctuations and is considered to be riskier than BB3M.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBDD.L | BB3M.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 1.73% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 7.24% | 4.93% | +2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.57% | 6.61% | +3.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 8.44% | +6.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.17% | 8.36% | +7.81% |
BBDD.L vs. BB3M.L - Expense Ratio Comparison
BBDD.L has a 0.05% expense ratio, which is lower than BB3M.L's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BBDD.L vs. BB3M.L - Dividend Comparison
BBDD.L's dividend yield for the trailing twelve months is around 0.99%, while BB3M.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BB3M.L JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BBDD.L JPMorgan BetaBuilders US Equity UCITS ETF (Dist) | 0.99% | 1.12% | 0.99% | 1.31% | 1.44% | 0.94% | 1.46% | 0.79% |
Frequently Asked Questions
BBDD.L and BB3M.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BBDD.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBDD.L is cheaper with a 0.05% expense ratio, compared with 0.07% for BB3M.L.
BBDD.L is categorized as Large Cap Blend Equities, while BB3M.L is Ultrashort Bond. Their fees differ too: 0.05% for BBDD.L and 0.07% for BB3M.L.
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