BBLB vs. BUCK

Last updated Jun 4, 2026

BBLB (JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF) and BUCK (Simplify Treasury Option Income ETF) are both Government Bonds funds. BBLB is passively managed, while BUCK is actively managed. Over the past 3 years, BBLB returned -1.70%/yr vs 5.27%/yr for BUCK. At a 0.18 correlation, their price movements are largely independent. BBLB charges 0.04%/yr vs 0.35%/yr for BUCK.

Performance

BBLB vs. BUCK - 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 Simplify Treasury Option Income ETF (BUCK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBLB achieves a -0.36% return, which is significantly lower than BUCK's 1.90% return.

BBLB

• 1D: -0.40%
• 1M: 0.77%
• YTD: -0.36%
• 6M: -1.96%
• 1Y: 5.09%
• 3Y*: -1.70%
• 5Y*: —
• 10Y*: —

BUCK

• 1D: 0.02%
• 1M: 0.38%
• YTD: 1.90%
• 6M: 2.09%
• 1Y: 7.95%
• 3Y*: 5.27%
• 5Y*: —
• 10Y*: —

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

BBLB vs. BUCK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF	-0.36%	4.26%	-7.84%	-2.91%
BUCK Simplify Treasury Option Income ETF	1.90%	4.13%	7.25%	3.18%

Correlation

The correlation between BBLB and BUCK is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (All Time) Calculated using the full available price history since Apr 21, 2023	0.18

The correlation between BBLB and BUCK shifts across timeframes, from 0.18 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

BBLB vs. BUCK - Sectors Allocation Comparison

Sectors	BBLB	BUCK
Communication Services	99.9%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	100.0%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

BBLB vs. BUCK — Risk / Return Rank

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

BBLB

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

BUCK

BUCK Risk / Return Rank: 87
BUCK Sharpe Ratio Rank: 77
BUCK Sortino Ratio Rank: 84
BUCK Omega Ratio Rank: 86
BUCK Calmar Ratio Rank: 92
BUCK Martin Ratio Rank: 95

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. BUCK - 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 Simplify Treasury Option Income ETF (BUCK). 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.

	BBLB	BUCK	Difference
Sharpe ratio: Return per unit of total volatility	0.52	2.54	-2.02
Sortino ratio: Return per unit of downside risk	0.82	3.83	-3.01
Omega ratio: Gain probability vs. loss probability	1.09	1.54	-0.45
Calmar ratio: Return relative to maximum drawdown	0.68	6.11	-5.43
Martin ratio: Return relative to average drawdown	1.70	32.31	-30.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBLB vs. BUCK - Sharpe Ratio Comparison

The current BBLB Sharpe Ratio is 0.52, which is lower than the BUCK Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of BBLB and BUCK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBLB	BUCK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.52	2.54	-2.02
Sharpe Ratio (All Time) Calculated using the full available price history	-0.17	1.47	-1.64

Drawdowns

BBLB vs. BUCK - Drawdown Comparison

The maximum BBLB drawdown since its inception was -21.06%, which is greater than BUCK's maximum drawdown of -5.43%. Use the drawdown chart below to compare losses from any high point for BBLB and BUCK.

Drawdown Indicators

	BBLB	BUCK	Difference
Max Drawdown Largest peak-to-trough decline	-21.06%	-5.43%	-15.63%
Max Drawdown (1Y) Largest decline over 1 year	-7.53%	-1.31%	-6.22%
Max Drawdown (3Y) Largest decline over 3 years	-18.95%	-5.43%	-13.52%
Current Drawdown Current decline from peak	-8.93%	-0.04%	-8.89%
Average Drawdown Average peak-to-trough decline	-8.94%	-0.49%	-8.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	0.25%	+2.75%

Volatility

BBLB vs. BUCK - Volatility Comparison

JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) has a higher volatility of 2.90% compared to Simplify Treasury Option Income ETF (BUCK) at 0.70%. This indicates that BBLB's price experiences larger fluctuations and is considered to be riskier than BUCK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBLB	BUCK	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	0.70%	+2.20%
Volatility (6M) Calculated over the trailing 6-month period	6.55%	1.53%	+5.02%
Volatility (1Y) Calculated over the trailing 1-year period	9.80%	3.14%	+6.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.83%	3.49%	+10.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.83%	3.49%	+10.34%

BBLB vs. BUCK - Expense Ratio Comparison

BBLB has a 0.04% expense ratio, which is lower than BUCK's 0.35% expense ratio.

Dividends

BBLB vs. BUCK - Dividend Comparison

BBLB's dividend yield for the trailing twelve months is around 5.00%, less than BUCK's 7.42% yield.

Position	TTM	2025	2024	2023	2022
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF	5.00%	5.03%	5.34%	2.82%	0.00%
BUCK Simplify Treasury Option Income ETF	7.42%	7.59%	8.84%	4.84%	0.59%

Frequently Asked Questions

Can I hold both BBLB and BUCK in my portfolio?

BBLB and BUCK have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBLB or BUCK?

BBLB has higher volatility (2.90%) compared to BUCK (0.70%). In terms of maximum drawdown, BBLB dropped -21.06% vs BUCK's -5.43%.

Which ETF is better, BBLB or BUCK?

On 3-year performance, BUCK leads with 5.27% vs -1.70% for BBLB. On fees, BBLB is cheaper at 0.04% per year. On volatility, BUCK has been the lower-risk option at 0.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBLB or BUCK?

Over the 3-year period, BUCK has performed better with a 5.27% return vs -1.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBLB or BUCK?

BBLB is cheaper with a 0.04% expense ratio, compared with 0.35% for BUCK.

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

BUCK has the higher dividend yield at 7.42%, compared with 5.00% for BBLB.

What is the main difference between BBLB and BUCK?

They also come from different issuers: JPMorgan and Simplify. Their fees differ too: 0.04% for BBLB and 0.35% for BUCK.

Which has better risk-adjusted returns?

BUCK currently has the higher Sharpe Ratio (2.54 vs 0.52), 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.