BBIL.L vs. CU31.L
BBIL.L (JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc) and CU31.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) are both exchange-traded funds - BBIL.L is a Short-Term Bond fund tracking the ICE BofA 0-1Y US Treasury TR USD, while CU31.L is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index. Both are passively managed. Over the past 5 years, BBIL.L returned 3.36%/yr vs 1.82%/yr for CU31.L. At a 0.08 correlation, their price movements are largely independent. BBIL.L charges 0.10%/yr vs 0.07%/yr for CU31.L.
Performance
BBIL.L vs. CU31.L - Performance Comparison
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Different Trading Currencies
BBIL.L is traded in USD, while CU31.L is traded in GBp. To make them comparable, the CU31.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BBIL.L achieves a 1.45% return, which is significantly higher than CU31.L's 0.31% return.
BBIL.L
- 1D
- 0.04%
- 1M
- 0.35%
- YTD
- 1.45%
- 6M
- 1.83%
- 1Y
- 3.98%
- 3Y*
- 4.67%
- 5Y*
- 3.36%
- 10Y*
- —
CU31.L
- 1D
- -0.05%
- 1M
- 0.28%
- YTD
- 0.31%
- 6M
- 0.64%
- 1Y
- 3.40%
- 3Y*
- 4.19%
- 5Y*
- 1.82%
- 10Y*
- 1.71%
BBIL.L vs. CU31.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BBIL.L JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc | 1.45% | 4.31% | 5.16% | 4.90% | 1.08% | -0.03% | 0.75% | 0.92% |
CU31.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.31% | 5.42% | 4.05% | 3.61% | -3.48% | -0.66% | 2.65% | 1.68% |
Correlation
The correlation between BBIL.L and CU31.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.08 |
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Return for Risk
BBIL.L vs. CU31.L — Risk / Return Rank
BBIL.L
CU31.L
BBIL.L vs. CU31.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc (BBIL.L) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (CU31.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.
| BBIL.L | CU31.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.66 | ||
| Sortino ratioReturn per unit of downside risk | +20.05 | ||
| Omega ratioGain probability vs. loss probability | 4.52 | 1.14 | +3.38 |
| Calmar ratioReturn relative to maximum drawdown | 53.61 | 3.04 | +50.56 |
| Martin ratioReturn relative to average drawdown | 281.29 | 9.32 | +271.97 |
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
| BBIL.L | CU31.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 9.48 | 0.82 | +8.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 8.70 | 0.36 | +8.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 7.42 | 0.29 | +7.13 |
Drawdowns
BBIL.L vs. CU31.L - Drawdown Comparison
The maximum BBIL.L drawdown since its inception was -0.29%, smaller than the maximum CU31.L drawdown of -7.27%. Use the drawdown chart below to compare losses from any high point for BBIL.L and CU31.L.
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Drawdown Indicators
| BBIL.L | CU31.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.29% | -7.27% | +6.98% |
Max Drawdown (1Y)Largest decline over 1 year | -0.07% | -1.11% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -0.10% | -1.50% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -0.24% | -6.89% | +6.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -7.27% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.46% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -1.29% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.36% | -0.35% |
Volatility
BBIL.L vs. CU31.L - Volatility Comparison
The current volatility for JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc (BBIL.L) is 0.15%, while iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (CU31.L) has a volatility of 1.37%. This indicates that BBIL.L experiences smaller price fluctuations and is considered to be less risky than CU31.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBIL.L | CU31.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 1.37% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 0.32% | 3.36% | -3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.42% | 4.15% | -3.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.39% | 5.03% | -4.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.36% | 5.03% | -4.67% |
BBIL.L vs. CU31.L - Expense Ratio Comparison
BBIL.L has a 0.10% expense ratio, which is higher than CU31.L'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
BBIL.L vs. CU31.L - Dividend Comparison
Neither BBIL.L nor CU31.L has paid dividends to shareholders.
Frequently Asked Questions
BBIL.L and CU31.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CU31.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CU31.L is cheaper with a 0.07% expense ratio, compared with 0.10% for BBIL.L.
BBIL.L is categorized as Short-Term Bond, while CU31.L is Government Bonds. BBIL.L tracks ICE BofA 0-1Y US Treasury TR USD, while CU31.L tracks ICE US Treasury 1-3 Year Index. They also come from different issuers: J.P. Morgan and iShares. Their fees differ too: 0.10% for BBIL.L and 0.07% for CU31.L.
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