BBLB vs. BLTD
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 actively managed by Bluemonte. BBLB is passively managed, while BLTD is actively managed. Over the past year, BBLB returned -1.51% vs 0.63% for BLTD. Their 0.97 correlation means they have historically moved very closely together. BBLB charges 0.04%/yr vs 0.23%/yr for BLTD.
Performance
BBLB vs. BLTD - 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 BLTD's -1.26% 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%
BLTD
- 1D
- 0.70%
- 1M
- -2.01%
- 6M
- -1.38%
- YTD
- -1.26%
- 1Y
- 0.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.45K | $41.67K | $60.66K | |
| $315.74K | $310.43K | $450.71K |
BBLB vs. BLTD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | -2.53% | 3.68% |
BLTD Bluemonte Long Term Bond ETF | -1.26% | 3.76% |
Correlation
The correlation between BBLB and BLTD is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2025 | 0.97 |
The correlation between BBLB and BLTD has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.
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Return for Risk
BBLB vs. BLTD — Risk / Return Rank
BBLB
BLTD
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 ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.02 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 0.13 | -0.32 |
| Martin ratioReturn relative to average drawdown | -0.42 | 0.28 | -0.71 |
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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 -4.97%. Use the drawdown chart below to compare losses from any high point for BBLB and BLTD.
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Drawdown Indicators
| BBLB | BLTD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.06% | -4.97% | -16.09% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -4.97% | -2.79% |
Max Drawdown (3Y)Largest decline over 3 years | -14.67% | — | — |
Current DrawdownCurrent decline from peak | -10.92% | -3.96% | -6.96% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -1.77% | -7.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 2.22% | +1.36% |
Volatility
BBLB vs. BLTD - Volatility Comparison
JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) has a higher volatility of 2.67% compared to Bluemonte Long Term Bond ETF (BLTD) at 1.98%. 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.
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Volatility by Period
| BBLB | BLTD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 1.98% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 5.26% | +1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 6.69% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 6.83% | +6.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.62% | 6.83% | +6.79% |
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 4.99%, more than BLTD's 4.47% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | 4.99% | 5.03% | 5.34% | 2.82% |
BLTD Bluemonte Long Term Bond ETF | 4.47% | 2.48% | 0.00% | 0.00% |
Frequently Asked Questions
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.
BBLB has higher volatility (2.67%) compared to BLTD (1.98%). In terms of maximum drawdown, BBLB dropped -21.06% vs BLTD's -4.97%.
On 1-year performance, BLTD leads with 0.63% vs -1.51% for BBLB. On fees, BBLB is cheaper at 0.04% per year. On volatility, BLTD has been the lower-risk option at 1.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BLTD has performed better with a 0.63% 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 0.23% for BLTD.
BBLB has the higher dividend yield at 4.99%, compared with 4.47% for 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.
BLTD currently has the higher Sharpe Ratio (0.09 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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