BBLB vs. GOVZ
BBLB (JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF) and GOVZ (iShares 25+ Year Treasury STRIPS Bond ETF) are both Government Bonds funds - BBLB tracks the ICE U.S. Treasury 20+ Year Bond Index while GOVZ tracks the ICE BofA Long US Treasury Principal STRIPS Index. Both are passively managed. Over the past 3 years, BBLB returned -1.04%/yr vs -6.86%/yr for GOVZ. Their 0.98 correlation means they have historically moved very closely together. BBLB charges 0.04%/yr vs 0.15%/yr for GOVZ.
Performance
BBLB vs. GOVZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BBLB achieves a -3.22% return, which is significantly higher than GOVZ's -6.61% return.
BBLB
- 1D
- 0.47%
- 1M
- -3.56%
- 6M
- -2.82%
- YTD
- -3.22%
- 1Y
- -1.99%
- 3Y*
- -1.04%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -3.03%
GOVZ
- 1D
- 0.34%
- 1M
- -6.59%
- 6M
- -5.59%
- YTD
- -6.61%
- 1Y
- -7.04%
- 3Y*
- -6.86%
- 5Y*
- -14.55%
- 10Y*
- —
- ALL TIME*
- -14.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.30K | $43.33K | $64.10K | |
| $6.32M | $6.57M | $8.03M |
BBLB vs. GOVZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | -3.22% | 4.26% | -7.84% | -2.80% |
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | -6.61% | -1.81% | -16.24% | -4.92% |
Correlation
The correlation between BBLB and GOVZ 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 GOVZ has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BBLB vs. GOVZ — Risk / Return Rank
BBLB
GOVZ
BBLB vs. GOVZ - 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 iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ). 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 | GOVZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.94 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | -0.48 | +0.22 |
| Martin ratioReturn relative to average drawdown | -0.56 | -0.96 | +0.40 |
Loading charts...
Drawdowns
BBLB vs. GOVZ - Drawdown Comparison
The maximum BBLB drawdown since its inception was -21.06%, smaller than the maximum GOVZ drawdown of -59.65%. Use the drawdown chart below to compare losses from any high point for BBLB and GOVZ.
Loading charts...
Drawdown Indicators
| BBLB | GOVZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.06% | -59.65% | +38.59% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -14.87% | +7.11% |
Max Drawdown (3Y)Largest decline over 3 years | -14.67% | -26.42% | +11.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.63% | — |
Current DrawdownCurrent decline from peak | -11.55% | -58.96% | +47.41% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -40.35% | +31.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 7.33% | -3.78% |
Volatility
BBLB vs. GOVZ - Volatility Comparison
The current volatility for JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) is 2.52%, while iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) has a volatility of 4.53%. This indicates that BBLB experiences smaller price fluctuations and is considered to be less risky than GOVZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BBLB | GOVZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | 4.53% | -2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 6.92% | 11.06% | -4.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.25% | 15.52% | -6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.63% | 23.80% | -10.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.63% | 23.17% | -9.54% |
BBLB vs. GOVZ - Expense Ratio Comparison
BBLB has a 0.04% expense ratio, which is lower than GOVZ's 0.15% 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. GOVZ - Dividend Comparison
BBLB's dividend yield for the trailing twelve months is around 5.02%, less than GOVZ's 5.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | 5.02% | 5.03% | 5.34% | 2.82% | 0.00% | 0.00% | 0.00% |
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | 5.53% | 5.00% | 4.68% | 3.84% | 3.69% | 1.76% | 0.39% |
Frequently Asked Questions
With a correlation of 0.97, BBLB and GOVZ 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.
GOVZ has higher volatility (4.53%) compared to BBLB (2.52%). In terms of maximum drawdown, BBLB dropped -21.06% vs GOVZ's -59.65%.
On 3-year performance, BBLB leads with -1.04% vs -6.86% for GOVZ. On fees, BBLB is cheaper at 0.04% per year. On volatility, BBLB has been the lower-risk option at 2.52%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BBLB has performed better with a -1.04% return vs -6.86%. 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 0.15% for GOVZ.
GOVZ has the higher dividend yield at 5.53%, compared with 5.02% for BBLB.
BBLB tracks ICE U.S. Treasury 20+ Year Bond Index, while GOVZ tracks ICE BofA Long US Treasury Principal STRIPS Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.04% for BBLB and 0.15% for GOVZ.
BBLB currently has the higher Sharpe Ratio (-0.22 vs -0.46), 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.
Find the right allocation for BBLB and GOVZ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer