BBIL.L vs. IBTA.L
BBIL.L (JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc) and IBTA.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 IBTA.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 1.84%/yr for IBTA.L. At a 0.18 correlation, their price movements are largely independent. BBIL.L charges 0.10%/yr vs 0.07%/yr for IBTA.L.
Performance
BBIL.L vs. IBTA.L - Performance Comparison
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Returns By Period
In the year-to-date period, BBIL.L achieves a 1.45% return, which is significantly higher than IBTA.L's 0.32% 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*
- —
IBTA.L
- 1D
- -0.10%
- 1M
- -0.03%
- YTD
- 0.32%
- 6M
- 0.82%
- 1Y
- 3.45%
- 3Y*
- 4.17%
- 5Y*
- 1.84%
- 10Y*
- —
BBIL.L vs. IBTA.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% |
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.32% | 5.30% | 4.11% | 4.15% | -3.75% | -0.64% | 3.14% | 1.26% |
Correlation
The correlation between BBIL.L and IBTA.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.18 |
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Return for Risk
BBIL.L vs. IBTA.L — Risk / Return Rank
BBIL.L
IBTA.L
BBIL.L vs. IBTA.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) (IBTA.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 | IBTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.66 | ||
| Sortino ratioReturn per unit of downside risk | +16.63 | ||
| Omega ratioGain probability vs. loss probability | 4.52 | 1.59 | +2.93 |
| Calmar ratioReturn relative to maximum drawdown | 53.61 | 4.65 | +48.96 |
| Martin ratioReturn relative to average drawdown | 281.29 | 17.57 | +263.72 |
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 | IBTA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 9.48 | 2.82 | +6.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 8.70 | 0.92 | +7.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 7.42 | 1.08 | +6.34 |
Drawdowns
BBIL.L vs. IBTA.L - Drawdown Comparison
The maximum BBIL.L drawdown since its inception was -0.29%, smaller than the maximum IBTA.L drawdown of -5.80%. Use the drawdown chart below to compare losses from any high point for BBIL.L and IBTA.L.
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Drawdown Indicators
| BBIL.L | IBTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.29% | -5.80% | +5.51% |
Max Drawdown (1Y)Largest decline over 1 year | -0.07% | -0.74% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -0.10% | -0.89% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -0.24% | -5.70% | +5.46% |
Current DrawdownCurrent decline from peak | 0.00% | -0.27% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -0.97% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.20% | -0.19% |
Volatility
BBIL.L vs. IBTA.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) (IBTA.L) has a volatility of 0.41%. This indicates that BBIL.L experiences smaller price fluctuations and is considered to be less risky than IBTA.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 | IBTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 0.41% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 0.32% | 0.85% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.42% | 1.22% | -0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.39% | 2.00% | -1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.36% | 1.76% | -1.40% |
BBIL.L vs. IBTA.L - Expense Ratio Comparison
BBIL.L has a 0.10% expense ratio, which is higher than IBTA.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. IBTA.L - Dividend Comparison
Neither BBIL.L nor IBTA.L has paid dividends to shareholders.
Frequently Asked Questions
BBIL.L and IBTA.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTA.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 IBTA.L is Government Bonds. BBIL.L tracks ICE BofA 0-1Y US Treasury TR USD, while IBTA.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 IBTA.L.
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