BBLB vs. JPST
BBLB (JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF) and JPST (JPMorgan Ultra-Short Income ETF) are both exchange-traded funds - BBLB is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while JPST is a Ultrashort Bond fund actively managed by JPMorgan. BBLB is passively managed, while JPST is actively managed. Over the past 3 years, BBLB returned -0.80%/yr vs 5.08%/yr for JPST. Their 0.48 correlation means their historical movements had little consistent relationship. BBLB charges 0.04%/yr vs 0.18%/yr for JPST.
Performance
BBLB vs. JPST - 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 JPST's 2.05% 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%
JPST
- 1D
- 0.04%
- 1M
- 0.34%
- 6M
- 1.66%
- YTD
- 2.05%
- 1Y
- 3.98%
- 3Y*
- 5.08%
- 5Y*
- 3.73%
- 10Y*
- —
- ALL TIME*
- 3.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.45K | $41.67K | $60.66K | |
| $295.29M | $283.69M | $319.13M |
BBLB vs. JPST - 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% |
JPST JPMorgan Ultra-Short Income ETF | 2.05% | 4.99% | 5.58% | 3.87% |
Correlation
The correlation between BBLB and JPST is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2023 | 0.48 |
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Return for Risk
BBLB vs. JPST — Risk / Return Rank
BBLB
JPST
BBLB vs. JPST - 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 JPMorgan Ultra-Short Income ETF (JPST). 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 | JPST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.90 | ||
| Sortino ratioReturn per unit of downside risk | -15.80 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 3.52 | -2.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 26.89 | -27.08 |
| Martin ratioReturn relative to average drawdown | -0.42 | 127.21 | -127.64 |
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Drawdowns
BBLB vs. JPST - Drawdown Comparison
The maximum BBLB drawdown since its inception was -21.06%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for BBLB and JPST.
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Drawdown Indicators
| BBLB | JPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.06% | -3.28% | -17.78% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -0.15% | -7.61% |
Max Drawdown (3Y)Largest decline over 3 years | -14.67% | -0.30% | -14.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.79% | — |
Current DrawdownCurrent decline from peak | -10.92% | 0.00% | -10.92% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -0.08% | -8.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 0.03% | +3.55% |
Volatility
BBLB vs. JPST - Volatility Comparison
JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) has a higher volatility of 2.67% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.13%. This indicates that BBLB's price experiences larger fluctuations and is considered to be riskier than JPST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBLB | JPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 0.13% | +2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 0.39% | +6.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 0.52% | +8.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 0.58% | +13.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.62% | 0.93% | +12.69% |
BBLB vs. JPST - Expense Ratio Comparison
BBLB has a 0.04% expense ratio, which is lower than JPST's 0.18% 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. JPST - Dividend Comparison
BBLB's dividend yield for the trailing twelve months is around 4.99%, more than JPST's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
JPST JPMorgan Ultra-Short Income ETF | 4.19% | 4.43% | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% |
Frequently Asked Questions
BBLB and JPST have a correlation of 0.42, 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 JPST (0.13%). In terms of maximum drawdown, BBLB dropped -21.06% vs JPST's -3.28%.
On 3-year performance, JPST leads with 5.08% vs -0.80% for BBLB. On fees, BBLB is cheaper at 0.04% per year. On volatility, JPST has been the lower-risk option at 0.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JPST has performed better with a 5.08% 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 0.18% for JPST.
BBLB has the higher dividend yield at 4.99%, compared with 4.19% for JPST.
BBLB is categorized as Government Bonds, while JPST is Ultrashort Bond. Their fees differ too: 0.04% for BBLB and 0.18% for JPST.
JPST currently has the higher Sharpe Ratio (7.74 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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