BBLB vs. SHV
BBLB (JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF) and SHV (iShares 0-1 Year Treasury Bond ETF) are both Government Bonds funds - BBLB tracks the ICE U.S. Treasury 20+ Year Bond Index while SHV tracks the ICE Short US Treasury Securities Index. Both are passively managed. Over the past 3 years, BBLB returned -0.80%/yr vs 4.55%/yr for SHV. Their 0.17 correlation means their historical movements had little consistent relationship. BBLB charges 0.04%/yr vs 0.15%/yr for SHV.
Performance
BBLB vs. SHV - 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 SHV's 2.04% 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%
SHV
- 1D
- 0.01%
- 1M
- 0.31%
- 6M
- 1.74%
- YTD
- 2.04%
- 1Y
- 3.76%
- 3Y*
- 4.55%
- 5Y*
- 3.45%
- 10Y*
- 2.28%
- ALL TIME*
- 1.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.45K | $41.67K | $60.66K | |
| $334.38M | $282.86M | $284.47M |
BBLB vs. SHV - 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% |
SHV iShares 0-1 Year Treasury Bond ETF | 2.04% | 4.21% | 5.12% | 3.69% |
Correlation
The correlation between BBLB and SHV is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2023 | 0.17 |
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Return for Risk
BBLB vs. SHV — Risk / Return Rank
BBLB
SHV
BBLB vs. SHV - 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 0-1 Year Treasury Bond ETF (SHV). 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 | SHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -19.06 | ||
| Sortino ratioReturn per unit of downside risk | -89.21 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 28.15 | -27.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 138.81 | -139.00 |
| Martin ratioReturn relative to average drawdown | -0.42 | 1,475.46 | -1,475.89 |
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Drawdowns
BBLB vs. SHV - Drawdown Comparison
The maximum BBLB drawdown since its inception was -21.06%, which is greater than SHV's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for BBLB and SHV.
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Drawdown Indicators
| BBLB | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.06% | -0.45% | -20.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -0.03% | -7.73% |
Max Drawdown (3Y)Largest decline over 3 years | -14.67% | -0.03% | -14.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.45% | — |
Current DrawdownCurrent decline from peak | -10.92% | 0.00% | -10.92% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -0.03% | -8.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 0.00% | +3.58% |
Volatility
BBLB vs. SHV - Volatility Comparison
JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) has a higher volatility of 2.67% compared to iShares 0-1 Year Treasury Bond ETF (SHV) at 0.07%. This indicates that BBLB's price experiences larger fluctuations and is considered to be riskier than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBLB | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 0.07% | +2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 0.14% | +6.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 0.20% | +9.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 0.29% | +13.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.62% | 0.28% | +13.34% |
BBLB vs. SHV - Expense Ratio Comparison
BBLB has a 0.04% expense ratio, which is lower than SHV'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. SHV - Dividend Comparison
BBLB's dividend yield for the trailing twelve months is around 4.99%, more than SHV's 3.74% 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% |
SHV iShares 0-1 Year Treasury Bond ETF | 3.74% | 4.09% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% |
Frequently Asked Questions
BBLB and SHV have a correlation of 0.12, 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 SHV (0.07%). In terms of maximum drawdown, BBLB dropped -21.06% vs SHV's -0.45%.
On 3-year performance, SHV leads with 4.55% vs -0.80% for BBLB. On fees, BBLB is cheaper at 0.04% per year. On volatility, SHV has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SHV has performed better with a 4.55% 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 0.15% for SHV.
BBLB has the higher dividend yield at 4.99%, compared with 3.74% for SHV.
BBLB tracks ICE U.S. Treasury 20+ Year Bond Index, while SHV tracks ICE Short US Treasury Securities Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.04% for BBLB and 0.15% for SHV.
SHV currently has the higher Sharpe Ratio (18.90 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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