BBLB vs. IBTF
BBLB (JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF) and IBTF (iShares iBonds Dec 2025 Term Treasury ETF) are both Government Bonds funds - BBLB tracks the ICE U.S. Treasury 20+ Year Bond Index while IBTF tracks the ICE 2025 Maturity US Treasury Index. Both are passively managed. Over the past 3 years, BBLB returned -0.80%/yr vs 3.64%/yr for IBTF. Their 0.31 correlation means their historical movements had little consistent relationship. BBLB charges 0.04%/yr vs 0.07%/yr for IBTF.
Performance
BBLB vs. IBTF - Performance Comparison
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Returns By Period
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%
IBTF
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 1.40%
- 3Y*
- 3.64%
- 5Y*
- 0.83%
- 10Y*
- —
- ALL TIME*
- 1.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.45K | $41.67K | $60.66K | |
| $0.00 | $0.00 | $0.00 |
BBLB vs. IBTF - 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% |
IBTF iShares iBonds Dec 2025 Term Treasury ETF | 0.00% | 3.81% | 4.60% | 2.55% |
Correlation
The correlation between BBLB and IBTF is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2023 | 0.31 |
The correlation between BBLB and IBTF shifts across timeframes, from -0.08 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BBLB vs. IBTF — Risk / Return Rank
BBLB
IBTF
BBLB vs. IBTF - 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 iBonds Dec 2025 Term Treasury ETF (IBTF). 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 | IBTF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.00 | ||
| Sortino ratioReturn per unit of downside risk | -19.88 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 6.94 | -5.96 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 38.73 | -38.93 |
| Martin ratioReturn relative to average drawdown | -0.42 | 251.07 | -251.49 |
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Drawdowns
BBLB vs. IBTF - Drawdown Comparison
The maximum BBLB drawdown since its inception was -21.06%, which is greater than IBTF's maximum drawdown of -10.45%. Use the drawdown chart below to compare losses from any high point for BBLB and IBTF.
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Drawdown Indicators
| BBLB | IBTF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.06% | -10.45% | -10.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -0.04% | -7.72% |
Max Drawdown (3Y)Largest decline over 3 years | -14.67% | -0.43% | -14.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.28% | — |
Current DrawdownCurrent decline from peak | -10.92% | 0.00% | -10.92% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -3.24% | -5.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 0.01% | +3.57% |
Volatility
BBLB vs. IBTF - Volatility Comparison
JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) has a higher volatility of 2.67% compared to iShares iBonds Dec 2025 Term Treasury ETF (IBTF) at 0.00%. This indicates that BBLB's price experiences larger fluctuations and is considered to be riskier than IBTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBLB | IBTF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 0.00% | +2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 0.06% | +6.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 0.29% | +8.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 2.35% | +11.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.62% | 2.52% | +11.10% |
BBLB vs. IBTF - Expense Ratio Comparison
BBLB has a 0.04% expense ratio, which is lower than IBTF's 0.07% 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. IBTF - Dividend Comparison
BBLB's dividend yield for the trailing twelve months is around 4.99%, more than IBTF's 1.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | 4.99% | 5.03% | 5.34% | 2.82% | 0.00% | 0.00% | 0.00% |
IBTF iShares iBonds Dec 2025 Term Treasury ETF | 1.37% | 3.83% | 4.32% | 4.03% | 1.93% | 0.57% | 0.59% |
Frequently Asked Questions
BBLB and IBTF have a correlation of -0.08, 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 IBTF (0.00%). In terms of maximum drawdown, BBLB dropped -21.06% vs IBTF's -10.45%.
On 3-year performance, IBTF leads with 3.64% vs -0.80% for BBLB. On fees, BBLB is cheaper at 0.04% per year. On volatility, IBTF has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBTF has performed better with a 3.64% 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 0.07% for IBTF.
BBLB has the higher dividend yield at 4.99%, compared with 1.37% for IBTF.
BBLB tracks ICE U.S. Treasury 20+ Year Bond Index, while IBTF tracks ICE 2025 Maturity US Treasury Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.04% for BBLB and 0.07% for IBTF.
IBTF currently has the higher Sharpe Ratio (5.83 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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