BBLB vs. BBUS
BBLB (JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF) and BBUS (JPMorgan BetaBuilders U.S. Equity ETF) are both exchange-traded funds - BBLB is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while BBUS is a Large Cap Blend Equities fund tracking the Morningstar US Target Market Exposure Index. Both are passively managed. Over the past 3 years, BBLB returned -0.80%/yr vs 21.51%/yr for BBUS. Their 0.17 correlation means their historical movements had little consistent relationship. BBLB charges 0.04%/yr vs 0.02%/yr for BBUS.
Performance
BBLB vs. BBUS - 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 BBUS's 13.31% 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%
BBUS
- 1D
- 1.81%
- 1M
- 3.51%
- 6M
- 12.33%
- YTD
- 13.31%
- 1Y
- 22.94%
- 3Y*
- 21.51%
- 5Y*
- 12.83%
- 10Y*
- —
- ALL TIME*
- 16.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.45K | $41.67K | $60.66K | |
| $30.20M | $25.84M | $30.39M |
BBLB vs. BBUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | -2.53% | 4.26% | -7.84% | -2.80% |
BBUS JPMorgan BetaBuilders U.S. Equity ETF | 13.31% | 17.77% | 24.89% | 16.88% |
Correlation
The correlation between BBLB and BBUS is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2023 | 0.17 |
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Return for Risk
BBLB vs. BBUS — Risk / Return Rank
BBLB
BBUS
BBLB vs. BBUS - 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 JPMorgan BetaBuilders U.S. Equity ETF (BBUS). 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 | BBUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.32 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 2.50 | -2.70 |
| Martin ratioReturn relative to average drawdown | -0.42 | 10.53 | -10.96 |
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Drawdowns
BBLB vs. BBUS - Drawdown Comparison
The maximum BBLB drawdown since its inception was -21.06%, smaller than the maximum BBUS drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for BBLB and BBUS.
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Drawdown Indicators
| BBLB | BBUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.06% | -35.35% | +14.29% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -9.21% | +1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -14.67% | -19.01% | +4.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.46% | — |
Current DrawdownCurrent decline from peak | -10.92% | 0.00% | -10.92% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -5.37% | -3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 2.18% | +1.40% |
Volatility
BBLB vs. BBUS - Volatility Comparison
The current volatility for JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) is 2.67%, while JPMorgan BetaBuilders U.S. Equity ETF (BBUS) has a volatility of 4.13%. This indicates that BBLB experiences smaller price fluctuations and is considered to be less risky than BBUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBLB | BBUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 4.13% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 10.36% | -3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 12.96% | -3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 17.18% | -3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.62% | 19.51% | -5.89% |
BBLB vs. BBUS - Expense Ratio Comparison
BBLB has a 0.04% expense ratio, which is higher than BBUS's 0.02% 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
BBLB vs. BBUS - Dividend Comparison
BBLB's dividend yield for the trailing twelve months is around 4.99%, more than BBUS's 0.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | 4.99% | 5.03% | 5.34% | 2.82% | 0.00% | 0.00% | 0.00% | 0.00% |
BBUS JPMorgan BetaBuilders U.S. Equity ETF | 0.98% | 1.07% | 1.21% | 1.38% | 1.57% | 1.11% | 1.43% | 1.37% |
Frequently Asked Questions
BBLB and BBUS have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBUS has higher volatility (4.13%) compared to BBLB (2.67%). In terms of maximum drawdown, BBLB dropped -21.06% vs BBUS's -35.35%.
On 3-year performance, BBUS leads with 21.51% vs -0.80% for BBLB. On fees, BBUS is cheaper at 0.02% per year. On volatility, BBLB has been the lower-risk option at 2.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BBUS has performed better with a 21.51% return vs -0.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBUS is cheaper with a 0.02% expense ratio, compared with 0.04% for BBLB.
BBLB has the higher dividend yield at 4.99%, compared with 0.98% for BBUS.
BBLB is categorized as Government Bonds, while BBUS is Large Cap Blend Equities. BBLB tracks ICE U.S. Treasury 20+ Year Bond Index, while BBUS tracks Morningstar US Target Market Exposure Index. Their fees differ too: 0.04% for BBLB and 0.02% for BBUS.
BBUS currently has the higher Sharpe Ratio (1.79 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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