BBIL.L vs. ERND.L

Last updated Jul 16, 2026

BBIL.L (JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc) and ERND.L (iShares $ Ultrashort Bond UCITS ETF USD (Dist)) are both exchange-traded funds - BBIL.L is a Short-Term Bond fund tracking the ICE BofA 0-1Y US Treasury TR USD, while ERND.L is a Ultrashort Bond fund tracking the Markit iBoxx USD Liquid Investment Grade Ultrashort Index (USD). Both are passively managed. Over the past 5 years, BBIL.L returned 3.43%/yr vs 3.83%/yr for ERND.L. At a 0.12 correlation, their price movements are largely independent. BBIL.L charges 0.10%/yr vs 0.09%/yr for ERND.L.

Performance

BBIL.L vs. ERND.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc (BBIL.L) and iShares $ Ultrashort Bond UCITS ETF USD (Dist) (ERND.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBIL.L achieves a 1.82% return, which is significantly lower than ERND.L's 2.00% return.

BBIL.L

• 1D: 0.02%
• 1M: 0.23%
• 6M: 1.72%
• YTD: 1.82%
• 1Y: 3.83%
• 3Y*: 4.60%
• 5Y*: 3.43%
• 10Y*: —

ERND.L

• 1D: -0.02%
• 1M: 0.30%
• 6M: 1.83%
• YTD: 2.00%
• 1Y: 4.19%
• 3Y*: 5.09%
• 5Y*: 3.83%
• 10Y*: 2.76%

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

BBIL.L vs. ERND.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	1.82%	4.30%	5.16%	4.90%	1.07%	-0.02%	0.75%	0.98%
ERND.L iShares $ Ultrashort Bond UCITS ETF USD (Dist)	2.00%	4.84%	5.55%	5.09%	2.03%	0.00%	1.21%	1.27%

Correlation

The correlation between BBIL.L and ERND.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	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jul 9, 2019	0.12

Return for Risk

BBIL.L vs. ERND.L — Risk / Return Rank

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

BBIL.L

BBIL.L Risk / Return Rank: 99
BBIL.L Sharpe Ratio Rank: 99
BBIL.L Sortino Ratio Rank: 99
BBIL.L Omega Ratio Rank: 99
BBIL.L Calmar Ratio Rank: 99
BBIL.L Martin Ratio Rank: 99

ERND.L

ERND.L Risk / Return Rank: 99
ERND.L Sharpe Ratio Rank: 99
ERND.L Sortino Ratio Rank: 99
ERND.L Omega Ratio Rank: 98
ERND.L Calmar Ratio Rank: 99
ERND.L Martin Ratio Rank: 99

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.

BBIL.L vs. ERND.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 $ Ultrashort Bond UCITS ETF USD (Dist) (ERND.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.

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.

	BBIL.L	ERND.L	Difference
Sharpe ratio: Return per unit of total volatility	8.85	5.19	+3.66
Sortino ratio: Return per unit of downside risk	19.19	8.93	+10.25
Omega ratio: Gain probability vs. loss probability	4.14	2.31	+1.82
Calmar ratio: Return relative to maximum drawdown	56.49	20.61	+35.88
Martin ratio: Return relative to average drawdown	261.84	101.10	+160.74

BBIL.L vs. ERND.L - Sharpe Ratio Comparison

The current BBIL.L Sharpe Ratio is 8.85, which is higher than the ERND.L Sharpe Ratio of 5.19. The chart below compares the historical Sharpe Ratios of BBIL.L and ERND.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BBIL.L vs. ERND.L - Drawdown Comparison

The maximum BBIL.L drawdown since its inception was -0.29%, smaller than the maximum ERND.L drawdown of -7.48%. Use the drawdown chart below to compare losses from any high point for BBIL.L and ERND.L.

Drawdown Indicators

	BBIL.L	ERND.L	Difference
Max Drawdown Largest peak-to-trough decline	-0.29%	-7.48%	+7.19%
Max Drawdown (1Y) Largest decline over 1 year	-0.07%	-0.20%	+0.13%
Max Drawdown (3Y) Largest decline over 3 years	-0.10%	-0.64%	+0.54%
Max Drawdown (5Y) Largest decline over 5 years	-0.23%	-1.06%	+0.83%
Max Drawdown (10Y) Largest decline over 10 years	—	-7.48%	—
Current Drawdown Current decline from peak	-0.01%	-0.02%	+0.01%
Average Drawdown Average peak-to-trough decline	-0.03%	-0.08%	+0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	0.04%	-0.03%

Volatility

BBIL.L vs. ERND.L - Volatility Comparison

The current volatility for JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc (BBIL.L) is 0.10%, while iShares $ Ultrashort Bond UCITS ETF USD (Dist) (ERND.L) has a volatility of 0.21%. This indicates that BBIL.L experiences smaller price fluctuations and is considered to be less risky than ERND.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBIL.L	ERND.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.10%	0.21%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	0.31%	0.66%	-0.35%
Volatility (1Y) Calculated over the trailing 1-year period	0.43%	0.79%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.39%	1.26%	-0.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.37%	2.08%	-1.71%

BBIL.L vs. ERND.L - Expense Ratio Comparison

BBIL.L has a 0.10% expense ratio, which is higher than ERND.L's 0.09% 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. ERND.L - Dividend Comparison

BBIL.L has not paid dividends to shareholders, while ERND.L's dividend yield for the trailing twelve months is around 4.31%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBIL.L JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ERND.L iShares $ Ultrashort Bond UCITS ETF USD (Dist)	4.31%	4.70%	5.54%	5.00%	1.57%	0.49%	1.55%	2.71%	2.19%	1.39%	0.99%	0.72%

Frequently Asked Questions

Can I hold both BBIL.L and ERND.L in my portfolio?

BBIL.L and ERND.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.

Which ETF is better, BBIL.L or ERND.L?

On fees, ERND.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BBIL.L or ERND.L?

ERND.L is cheaper with a 0.09% expense ratio, compared with 0.10% for BBIL.L.

What is the main difference between BBIL.L and ERND.L?

BBIL.L is categorized as Short-Term Bond, while ERND.L is Ultrashort Bond. BBIL.L tracks ICE BofA 0-1Y US Treasury TR USD, while ERND.L tracks Markit iBoxx USD Liquid Investment Grade Ultrashort Index (USD). They also come from different issuers: J.P. Morgan and iShares. Their fees differ too: 0.10% for BBIL.L and 0.09% for ERND.L.