BBLB vs. BLV
BBLB (JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF) and BLV (Vanguard 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 BLV is a Long-Term Bond fund tracking the Bloomberg U.S. Long Government/Credit Float Adjusted Index. Both are passively managed. Over the past 3 years, BBLB returned -0.80%/yr vs 2.34%/yr for BLV. Their 0.98 correlation means they have historically moved very closely together. BBLB charges 0.04%/yr vs 0.03%/yr for BLV.
Performance
BBLB vs. BLV - 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 BLV's -1.64% 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%
BLV
- 1D
- 0.76%
- 1M
- -2.40%
- 6M
- -1.71%
- YTD
- -1.64%
- 1Y
- 0.26%
- 3Y*
- 2.34%
- 5Y*
- -4.86%
- 10Y*
- 0.39%
- ALL TIME*
- 4.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.45K | $41.67K | $60.66K | |
| $52.20M | $52.18M | $45.33M |
BBLB vs. BLV - 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% |
BLV Vanguard Long-Term Bond ETF | -1.64% | 6.44% | -3.65% | 2.17% |
Correlation
The correlation between BBLB and BLV 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 (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2023 | 0.98 |
The correlation between BBLB and BLV has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
BBLB vs. BLV — Risk / Return Rank
BBLB
BLV
BBLB vs. BLV - 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 Vanguard Long-Term Bond ETF (BLV). 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 | BLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.01 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 0.04 | -0.24 |
| Martin ratioReturn relative to average drawdown | -0.42 | 0.10 | -0.52 |
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Drawdowns
BBLB vs. BLV - Drawdown Comparison
The maximum BBLB drawdown since its inception was -21.06%, smaller than the maximum BLV drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for BBLB and BLV.
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Drawdown Indicators
| BBLB | BLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.06% | -38.29% | +17.23% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -5.92% | -1.84% |
Max Drawdown (3Y)Largest decline over 3 years | -14.67% | -11.70% | -2.97% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.29% | — |
Current DrawdownCurrent decline from peak | -10.92% | -25.60% | +14.68% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -9.64% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 2.67% | +0.91% |
Volatility
BBLB vs. BLV - Volatility Comparison
JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) has a higher volatility of 2.67% compared to Vanguard Long-Term Bond ETF (BLV) at 2.37%. This indicates that BBLB's price experiences larger fluctuations and is considered to be riskier than BLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBLB | BLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 2.37% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 6.02% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 7.79% | +1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 12.91% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.62% | 11.95% | +1.67% |
BBLB vs. BLV - Expense Ratio Comparison
BBLB has a 0.04% expense ratio, which is higher than BLV's 0.03% 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. BLV - Dividend Comparison
BBLB's dividend yield for the trailing twelve months is around 4.99%, more than BLV's 4.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
BLV Vanguard Long-Term Bond ETF | 4.93% | 4.67% | 5.09% | 4.06% | 4.17% | 3.37% | 6.12% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% |
Frequently Asked Questions
With a correlation of 0.97, BBLB and BLV 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 BLV (2.37%). In terms of maximum drawdown, BBLB dropped -21.06% vs BLV's -38.29%.
On 3-year performance, BLV leads with 2.34% vs -0.80% for BBLB. On fees, BLV is cheaper at 0.03% per year. On volatility, BLV has been the lower-risk option at 2.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BLV has performed better with a 2.34% return vs -0.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BLV is cheaper with a 0.03% expense ratio, compared with 0.04% for BBLB.
BBLB has the higher dividend yield at 4.99%, compared with 4.93% for BLV.
BBLB is categorized as Government Bonds, while BLV is Long-Term Bond. BBLB tracks ICE U.S. Treasury 20+ Year Bond Index, while BLV tracks Bloomberg U.S. Long Government/Credit Float Adjusted Index. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.04% for BBLB and 0.03% for BLV.
BLV currently has the higher Sharpe Ratio (0.03 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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