BBLB vs. FLTB
BBLB (JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF) and FLTB (Fidelity Limited 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 FLTB is a Short-Term Bond fund actively managed by Fidelity. BBLB is passively managed, while FLTB is actively managed. Over the past 3 years, BBLB returned -0.80%/yr vs 5.52%/yr for FLTB. Their 0.69 correlation means they have sometimes moved together and sometimes differently. BBLB charges 0.04%/yr vs 0.25%/yr for FLTB.
Performance
BBLB vs. FLTB - 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 FLTB's 1.28% 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%
FLTB
- 1D
- 0.17%
- 1M
- 0.16%
- 6M
- 0.88%
- YTD
- 1.28%
- 1Y
- 3.40%
- 3Y*
- 5.52%
- 5Y*
- 2.31%
- 10Y*
- 2.43%
- ALL TIME*
- 2.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.45K | $41.67K | $60.66K | |
| $3.81M | $2.66M | $2.68M |
BBLB vs. FLTB - 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% |
FLTB Fidelity Limited Term Bond ETF | 1.28% | 6.60% | 5.14% | 4.05% |
Correlation
The correlation between BBLB and FLTB is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2023 | 0.69 |
The correlation between BBLB and FLTB has been stable across timeframes, ranging from 0.65 to 0.69 - a consistent structural relationship.
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Return for Risk
BBLB vs. FLTB — Risk / Return Rank
BBLB
FLTB
BBLB vs. FLTB - 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 Fidelity Limited Term Bond ETF (FLTB). 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 | FLTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.30 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 2.24 | -2.44 |
| Martin ratioReturn relative to average drawdown | -0.42 | 9.28 | -9.70 |
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Drawdowns
BBLB vs. FLTB - Drawdown Comparison
The maximum BBLB drawdown since its inception was -21.06%, which is greater than FLTB's maximum drawdown of -9.37%. Use the drawdown chart below to compare losses from any high point for BBLB and FLTB.
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Drawdown Indicators
| BBLB | FLTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.06% | -9.37% | -11.69% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -1.52% | -6.24% |
Max Drawdown (3Y)Largest decline over 3 years | -14.67% | -1.52% | -13.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.16% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.37% | — |
Current DrawdownCurrent decline from peak | -10.92% | 0.00% | -10.92% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -1.38% | -7.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 0.37% | +3.21% |
Volatility
BBLB vs. FLTB - Volatility Comparison
JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) has a higher volatility of 2.67% compared to Fidelity Limited Term Bond ETF (FLTB) at 0.55%. This indicates that BBLB's price experiences larger fluctuations and is considered to be riskier than FLTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBLB | FLTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 0.55% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 1.68% | +5.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 2.06% | +7.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 2.82% | +10.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.62% | 2.94% | +10.68% |
BBLB vs. FLTB - Expense Ratio Comparison
BBLB has a 0.04% expense ratio, which is lower than FLTB's 0.25% 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. FLTB - Dividend Comparison
BBLB's dividend yield for the trailing twelve months is around 4.99%, more than FLTB's 4.40% 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% |
FLTB Fidelity Limited Term Bond ETF | 4.40% | 4.31% | 4.11% | 3.20% | 1.63% | 0.89% | 1.56% | 2.67% | 2.50% | 1.78% | 1.59% | 1.63% |
Frequently Asked Questions
BBLB and FLTB have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBLB has higher volatility (2.67%) compared to FLTB (0.55%). In terms of maximum drawdown, BBLB dropped -21.06% vs FLTB's -9.37%.
On 3-year performance, FLTB leads with 5.52% vs -0.80% for BBLB. On fees, BBLB is cheaper at 0.04% per year. On volatility, FLTB has been the lower-risk option at 0.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FLTB has performed better with a 5.52% return vs -0.80%. 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 0.25% for FLTB.
BBLB has the higher dividend yield at 4.99%, compared with 4.40% for FLTB.
BBLB is categorized as Government Bonds, while FLTB is Short-Term Bond. They also come from different issuers: JPMorgan and Fidelity. Their fees differ too: 0.04% for BBLB and 0.25% for FLTB.
FLTB currently has the higher Sharpe Ratio (1.66 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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