BBIB vs. VGSH
BBIB (JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF) and VGSH (Vanguard Short-Term Treasury ETF) are both Government Bonds funds - BBIB tracks the ICE BofA US Treasury Bond (3-10 Y) while VGSH tracks the Bloomberg U.S. Treasury 1-3 Year Index. Both are passively managed. Over the past 3 years, BBIB returned 3.66%/yr vs 4.24%/yr for VGSH. Their correlation of 0.90 suggests significant overlap in exposure. BBIB charges 0.04%/yr vs 0.03%/yr for VGSH.
Performance
BBIB vs. VGSH - Performance Comparison
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Returns By Period
In the year-to-date period, BBIB achieves a 0.11% return, which is significantly lower than VGSH's 0.64% return.
BBIB
- 1D
- 0.08%
- 1M
- 0.55%
- YTD
- 0.11%
- 6M
- 0.10%
- 1Y
- 2.94%
- 3Y*
- 3.66%
- 5Y*
- —
- 10Y*
- —
VGSH
- 1D
- 0.03%
- 1M
- 0.18%
- YTD
- 0.64%
- 6M
- 0.76%
- 1Y
- 3.03%
- 3Y*
- 4.24%
- 5Y*
- 1.88%
- 10Y*
- 1.71%
BBIB vs. VGSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBIB JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF | 0.11% | 7.44% | 1.28% | 1.38% |
VGSH Vanguard Short-Term Treasury ETF | 0.64% | 5.07% | 4.00% | 2.83% |
Correlation
The correlation between BBIB and VGSH is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2023 | 0.90 |
The correlation between BBIB and VGSH has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
BBIB vs. VGSH — Risk / Return Rank
BBIB
VGSH
BBIB vs. VGSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF (BBIB) and Vanguard Short-Term Treasury ETF (VGSH). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BBIB | VGSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.48 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 3.44 | -2.38 |
| Martin ratioReturn relative to average drawdown | 2.81 | 13.16 | -10.35 |
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Drawdowns
BBIB vs. VGSH - Drawdown Comparison
The maximum BBIB drawdown since its inception was -6.36%, which is greater than VGSH's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for BBIB and VGSH.
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Drawdown Indicators
| BBIB | VGSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.36% | -5.70% | -0.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -0.88% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | -0.97% | -3.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.70% | — |
Current DrawdownCurrent decline from peak | -1.52% | -0.14% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -1.68% | -0.60% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.23% | +0.82% |
Volatility
BBIB vs. VGSH - Volatility Comparison
JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF (BBIB) has a higher volatility of 1.10% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.46%. This indicates that BBIB's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBIB | VGSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.46% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 0.96% | +1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 1.31% | +2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.73% | 1.98% | +2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 1.58% | +3.15% |
BBIB vs. VGSH - Expense Ratio Comparison
BBIB has a 0.04% expense ratio, which is higher than VGSH'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
BBIB vs. VGSH - Dividend Comparison
BBIB's dividend yield for the trailing twelve months is around 3.90%, which matches VGSH's 3.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBIB JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF | 3.90% | 3.95% | 3.76% | 2.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGSH Vanguard Short-Term Treasury ETF | 3.87% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
Frequently Asked Questions
With a correlation of 0.92, BBIB and VGSH 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.
BBIB has higher volatility (1.10%) compared to VGSH (0.46%). In terms of maximum drawdown, BBIB dropped -6.36% vs VGSH's -5.70%.
On 3-year performance, VGSH leads with 4.24% vs 3.66% for BBIB. On fees, VGSH is cheaper at 0.03% per year. On volatility, VGSH has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VGSH has performed better with a 4.24% return vs 3.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGSH is cheaper with a 0.03% expense ratio, compared with 0.04% for BBIB.
BBIB has the higher dividend yield at 3.90%, compared with 3.87% for VGSH.
BBIB tracks ICE BofA US Treasury Bond (3-10 Y), while VGSH tracks Bloomberg U.S. Treasury 1-3 Year Index. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.04% for BBIB and 0.03% for VGSH.
VGSH currently has the higher Sharpe Ratio (2.32 vs 0.87), 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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