BBLB vs. BBBL
BBLB (JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF) and BBBL (Bondbloxx BBB Rated 10+ Year Corporate Bond ETF) are both exchange-traded funds - BBLB is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while BBBL is a Long-Term Bond fund tracking the Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross. Both are passively managed. Over the past year, BBLB returned -1.51% vs 1.18% for BBBL. Their correlation of 0.91 means they have usually moved in the same direction. BBLB charges 0.04%/yr vs 0.19%/yr for BBBL.
Performance
BBLB vs. BBBL - Performance Comparison
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Returns By Period
In the year-to-date period, BBLB achieves a -2.53% return, which is significantly lower than BBBL's -0.93% return.
BBLB
- 1D
- 0.72%
- 1M
- -2.86%
- 6M
- -2.32%
- YTD
- -2.53%
- 1Y
- -1.51%
- 3Y*
- -0.80%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.81%
BBBL
- 1D
- 0.83%
- 1M
- -2.45%
- 6M
- -1.66%
- YTD
- -0.93%
- 1Y
- 1.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $54.20K | $92.53K | $63.27K | |
| $43.45K | $41.67K | $60.66K |
BBLB vs. BBBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | -2.53% | 4.26% | -2.20% |
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF | -0.93% | 7.02% | 0.93% |
Correlation
The correlation between BBLB and BBBL is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024 | 0.91 |
The correlation between BBLB and BBBL has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
BBLB vs. BBBL — Risk / Return Rank
BBLB
BBBL
BBLB vs. BBBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) and Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL). 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.
| BBLB | BBBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.03 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 0.22 | -0.41 |
| Martin ratioReturn relative to average drawdown | -0.42 | 0.48 | -0.90 |
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Drawdowns
BBLB vs. BBBL - Drawdown Comparison
The maximum BBLB drawdown since its inception was -21.06%, which is greater than BBBL's maximum drawdown of -9.43%. Use the drawdown chart below to compare losses from any high point for BBLB and BBBL.
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Drawdown Indicators
| BBLB | BBBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.06% | -9.43% | -11.63% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -5.45% | -2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -14.67% | — | — |
Current DrawdownCurrent decline from peak | -10.92% | -3.97% | -6.95% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -3.26% | -5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 2.48% | +1.10% |
Volatility
BBLB vs. BBBL - Volatility Comparison
JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) has a higher volatility of 2.67% compared to Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) at 2.31%. This indicates that BBLB's price experiences larger fluctuations and is considered to be riskier than BBBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBLB | BBBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 2.31% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 6.03% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 7.67% | +1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 9.67% | +3.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.62% | 9.67% | +3.95% |
BBLB vs. BBBL - Expense Ratio Comparison
BBLB has a 0.04% expense ratio, which is lower than BBBL's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BBLB vs. BBBL - Dividend Comparison
BBLB's dividend yield for the trailing twelve months is around 4.99%, less than BBBL's 5.87% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF | 5.87% | 5.77% | 5.19% | 0.00% |
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | 4.99% | 5.03% | 5.34% | 2.82% |
Frequently Asked Questions
With a correlation of 0.90, BBLB and BBBL 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.
BBLB has higher volatility (2.67%) compared to BBBL (2.31%). In terms of maximum drawdown, BBLB dropped -21.06% vs BBBL's -9.43%.
On 1-year performance, BBBL leads with 1.18% vs -1.51% for BBLB. On fees, BBLB is cheaper at 0.04% per year. On volatility, BBBL has been the lower-risk option at 2.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BBBL has performed better with a 1.18% return vs -1.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBLB is cheaper with a 0.04% expense ratio, compared with 0.19% for BBBL.
BBBL has the higher dividend yield at 5.87%, compared with 4.99% for BBLB.
BBLB is categorized as Government Bonds, while BBBL is Long-Term Bond. BBLB tracks ICE U.S. Treasury 20+ Year Bond Index, while BBBL tracks Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross. They also come from different issuers: JPMorgan and BondBloxx. Their fees differ too: 0.04% for BBLB and 0.19% for BBBL.
BBBL currently has the higher Sharpe Ratio (0.15 vs -0.16), 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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