BBLB vs. BLTD

Last updated Jun 25, 2026

BBLB (JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF) and BLTD (Bluemonte Long Term Bond ETF) are both exchange-traded funds - BBLB is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while BLTD is a Long-Term Bond fund managed by Bluemonte. Over the past year, BBLB returned 4.61% vs 5.09% for BLTD. With a 0.96 correlation, they move nearly in lockstep. BBLB charges 0.04%/yr vs 0.23%/yr for BLTD.

Performance

BBLB vs. BLTD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) and Bluemonte Long Term Bond ETF (BLTD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBLB achieves a 2.07% return, which is significantly higher than BLTD's 1.62% return.

BBLB

• 1D: 1.34%
• 1M: 3.65%
• YTD: 2.07%
• 6M: 1.17%
• 1Y: 4.61%
• 3Y*: -1.31%
• 5Y*: —
• 10Y*: —

BLTD

• 1D: 0.77%
• 1M: 2.25%
• YTD: 1.62%
• 6M: 1.07%
• 1Y: 5.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BBLB vs. BLTD - Yearly Performance Comparison

	2026 (YTD)	2025
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF	2.07%	3.68%
BLTD Bluemonte Long Term Bond ETF	1.62%	3.76%

Correlation

The correlation between BBLB and BLTD is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jun 23, 2025	0.96

The correlation between BBLB and BLTD has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

BBLB vs. BLTD — Risk / Return Rank

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

BBLB

BBLB Risk / Return Rank: 16
BBLB Sharpe Ratio Rank: 17
BBLB Sortino Ratio Rank: 16
BBLB Omega Ratio Rank: 15
BBLB Calmar Ratio Rank: 17
BBLB Martin Ratio Rank: 16

BLTD

BLTD Risk / Return Rank: 22
BLTD Sharpe Ratio Rank: 22
BLTD Sortino Ratio Rank: 21
BLTD Omega Ratio Rank: 20
BLTD Calmar Ratio Rank: 24
BLTD Martin Ratio Rank: 23

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.

BBLB vs. BLTD - 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 Bluemonte Long Term Bond ETF (BLTD). 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	BLTD	Difference
Sharpe ratio: Return per unit of total volatility	0.49	0.75	-0.26
Sortino ratio: Return per unit of downside risk	0.77	1.11	-0.34
Omega ratio: Gain probability vs. loss probability	1.09	1.13	-0.04
Calmar ratio: Return relative to maximum drawdown	0.62	1.06	-0.45
Martin ratio: Return relative to average drawdown	1.47	2.63	-1.16

BBLB vs. BLTD - Sharpe Ratio Comparison

The current BBLB Sharpe Ratio is 0.49, which is lower than the BLTD Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of BBLB and BLTD, 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

BBLB vs. BLTD - Drawdown Comparison

The maximum BBLB drawdown since its inception was -21.06%, which is greater than BLTD's maximum drawdown of -4.80%. Use the drawdown chart below to compare losses from any high point for BBLB and BLTD.

Drawdown Indicators

	BBLB	BLTD	Difference
Max Drawdown Largest peak-to-trough decline	-21.06%	-4.80%	-16.26%
Max Drawdown (1Y) Largest decline over 1 year	-7.53%	-4.80%	-2.73%
Max Drawdown (3Y) Largest decline over 3 years	-18.95%	—	—
Current Drawdown Current decline from peak	-6.72%	-1.16%	-5.56%
Average Drawdown Average peak-to-trough decline	-8.92%	-1.60%	-7.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	1.94%	+1.21%

Volatility

BBLB vs. BLTD - Volatility Comparison

JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) has a higher volatility of 2.46% compared to Bluemonte Long Term Bond ETF (BLTD) at 1.82%. This indicates that BBLB's price experiences larger fluctuations and is considered to be riskier than BLTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBLB	BLTD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.46%	1.82%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	6.78%	5.09%	+1.69%
Volatility (1Y) Calculated over the trailing 1-year period	9.57%	6.86%	+2.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.76%	6.85%	+6.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.76%	6.85%	+6.91%

BBLB vs. BLTD - Expense Ratio Comparison

BBLB has a 0.04% expense ratio, which is lower than BLTD's 0.23% 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. BLTD - Dividend Comparison

BBLB's dividend yield for the trailing twelve months is around 4.88%, more than BLTD's 3.88% yield.

Position	TTM	2025	2024	2023
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF	4.88%	5.03%	5.34%	2.82%
BLTD Bluemonte Long Term Bond ETF	3.88%	2.48%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBLB and BLTD in my portfolio?

With a correlation of 0.97, BBLB and BLTD 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.

Which is riskier, BBLB or BLTD?

BBLB has higher volatility (2.46%) compared to BLTD (1.82%). In terms of maximum drawdown, BBLB dropped -21.06% vs BLTD's -4.80%.

Which ETF is better, BBLB or BLTD?

On 1-year performance, BLTD leads with 5.09% vs 4.61% for BBLB. On fees, BBLB is cheaper at 0.04% per year. On volatility, BLTD has been the lower-risk option at 1.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBLB or BLTD?

Over the 1-year period, BLTD has performed better with a 5.09% return vs 4.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBLB or BLTD?

BBLB is cheaper with a 0.04% expense ratio, compared with 0.23% for BLTD.

Which ETF pays a higher dividend yield, BBLB or BLTD?

BBLB has the higher dividend yield at 4.88%, compared with 3.88% for BLTD.

What is the main difference between BBLB and BLTD?

BBLB is categorized as Government Bonds, while BLTD is Long-Term Bond. They also come from different issuers: JPMorgan and Bluemonte. Their fees differ too: 0.04% for BBLB and 0.23% for BLTD.

Which has better risk-adjusted returns?

BLTD currently has the higher Sharpe Ratio (0.75 vs 0.49), 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.