BBIL.L vs. TIGB.L

Last updated Jun 4, 2026

BBIL.L (JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc) and TIGB.L (Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist) are both Short-Term Bond funds - BBIL.L tracks the ICE BofA 0-1Y US Treasury TR USD while TIGB.L tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 3 years, BBIL.L returned 4.67%/yr vs 7.11%/yr for TIGB.L. At a 0.06 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.

Performance

BBIL.L vs. TIGB.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 Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BBIL.L is traded in USD, while TIGB.L is traded in GBp. To make them comparable, the TIGB.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 TIGB.L's 1.08% 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*: —

TIGB.L

• 1D: -0.26%
• 1M: -0.80%
• YTD: 1.08%
• 6M: 2.22%
• 1Y: 3.06%
• 3Y*: 7.11%
• 5Y*: —
• 10Y*: —

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

BBIL.L vs. TIGB.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BBIL.L JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc	1.45%	4.31%	5.16%	4.90%	1.13%
TIGB.L Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist	1.08%	11.96%	3.19%	10.42%	-11.15%

Correlation

The correlation between BBIL.L and TIGB.L is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022	0.06

Return for Risk

BBIL.L vs. TIGB.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

TIGB.L

TIGB.L Risk / Return Rank: 97
TIGB.L Sharpe Ratio Rank: 95
TIGB.L Sortino Ratio Rank: 97
TIGB.L Omega Ratio Rank: 98
TIGB.L Calmar Ratio Rank: 97
TIGB.L Martin Ratio Rank: 98

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. TIGB.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 Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.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	TIGB.L	Difference
Sharpe ratio: Return per unit of total volatility	9.48	0.45	+9.02
Sortino ratio: Return per unit of downside risk	21.28	0.71	+20.57
Omega ratio: Gain probability vs. loss probability	4.52	1.08	+3.44
Calmar ratio: Return relative to maximum drawdown	53.61	0.72	+52.89
Martin ratio: Return relative to average drawdown	281.29	1.55	+279.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current BBIL.L Sharpe Ratio is 9.48, which is higher than the TIGB.L Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of BBIL.L and TIGB.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.

Sharpe Ratios by Period

	BBIL.L	TIGB.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	9.48	0.45	+9.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	8.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	7.42	0.39	+7.03

Drawdowns

BBIL.L vs. TIGB.L - Drawdown Comparison

The maximum BBIL.L drawdown since its inception was -0.29%, smaller than the maximum TIGB.L drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for BBIL.L and TIGB.L.

Drawdown Indicators

	BBIL.L	TIGB.L	Difference
Max Drawdown Largest peak-to-trough decline	-0.29%	-21.42%	+21.13%
Max Drawdown (1Y) Largest decline over 1 year	-0.07%	-4.25%	+4.18%
Max Drawdown (3Y) Largest decline over 3 years	-0.10%	-8.19%	+8.09%
Max Drawdown (5Y) Largest decline over 5 years	-0.24%	—	—
Current Drawdown Current decline from peak	0.00%	-1.95%	+1.95%
Average Drawdown Average peak-to-trough decline	-0.03%	-3.79%	+3.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	1.97%	-1.96%

Volatility

BBIL.L vs. TIGB.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 Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.L) has a volatility of 1.67%. This indicates that BBIL.L experiences smaller price fluctuations and is considered to be less risky than TIGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBIL.L	TIGB.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.15%	1.67%	-1.52%
Volatility (6M) Calculated over the trailing 6-month period	0.32%	4.91%	-4.59%
Volatility (1Y) Calculated over the trailing 1-year period	0.42%	6.76%	-6.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.39%	9.88%	-9.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.36%	9.88%	-9.52%

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

Both BBIL.L and TIGB.L have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

BBIL.L vs. TIGB.L - Dividend Comparison

BBIL.L has not paid dividends to shareholders, while TIGB.L's dividend yield for the trailing twelve months is around 3.92%.

Position	TTM	2025	2024	2023	2022
BBIL.L JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%
TIGB.L Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist	3.92%	4.11%	4.93%	4.53%	1.46%

Frequently Asked Questions

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

BBIL.L and TIGB.L have a correlation of 0.01, 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 TIGB.L?

Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

BBIL.L and TIGB.L have the same expense ratio: 0.10% per year.

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

BBIL.L tracks ICE BofA 0-1Y US Treasury TR USD, while TIGB.L tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: J.P. Morgan and Invesco.