BBLB vs. VGLT
BBLB (JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF) and VGLT (Vanguard Long-Term Treasury ETF) are both Government Bonds funds - BBLB tracks the ICE U.S. Treasury 20+ Year Bond Index while VGLT tracks the Bloomberg U.S. Long Treasury Index. Both are passively managed. Over the past 3 years, BBLB returned -1.70%/yr vs -0.72%/yr for VGLT. With a 0.99 correlation, they move nearly in lockstep. BBLB charges 0.04%/yr vs 0.03%/yr for VGLT.
Performance
BBLB vs. VGLT - Performance Comparison
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Returns By Period
In the year-to-date period, BBLB achieves a -0.36% return, which is significantly higher than VGLT's -0.41% return.
BBLB
- 1D
- -0.40%
- 1M
- 0.77%
- YTD
- -0.36%
- 6M
- -1.96%
- 1Y
- 5.09%
- 3Y*
- -1.70%
- 5Y*
- —
- 10Y*
- —
VGLT
- 1D
- -0.40%
- 1M
- 0.71%
- YTD
- -0.41%
- 6M
- -1.68%
- 1Y
- 5.25%
- 3Y*
- -0.72%
- 5Y*
- -5.30%
- 10Y*
- -1.10%
BBLB vs. VGLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | -0.36% | 4.26% | -7.84% | -2.91% |
VGLT Vanguard Long-Term Treasury ETF | -0.41% | 5.35% | -6.28% | -2.55% |
Correlation
The correlation between BBLB and VGLT is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2023 | 0.99 |
The correlation between BBLB and VGLT has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
BBLB vs. VGLT — Risk / Return Rank
BBLB
VGLT
BBLB vs. VGLT - 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 Vanguard Long-Term Treasury ETF (VGLT). 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.
| BBLB | VGLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.10 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 0.75 | -0.07 |
| Martin ratioReturn relative to average drawdown | 1.70 | 1.96 | -0.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BBLB | VGLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 0.59 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.37 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.17 | 0.19 | -0.35 |
Drawdowns
BBLB vs. VGLT - Drawdown Comparison
The maximum BBLB drawdown since its inception was -21.06%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for BBLB and VGLT.
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Drawdown Indicators
| BBLB | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.06% | -46.18% | +25.12% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | -7.01% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -18.95% | -17.68% | -1.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.18% | — |
Current DrawdownCurrent decline from peak | -8.93% | -36.83% | +27.90% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -15.06% | +6.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.68% | +0.32% |
Volatility
BBLB vs. VGLT - Volatility Comparison
JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) has a higher volatility of 2.90% compared to Vanguard Long-Term Treasury ETF (VGLT) at 2.59%. This indicates that BBLB's price experiences larger fluctuations and is considered to be riskier than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBLB | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 2.59% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 6.55% | 5.94% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.80% | 8.88% | +0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.83% | 14.58% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.83% | 13.81% | +0.02% |
BBLB vs. VGLT - Expense Ratio Comparison
BBLB has a 0.04% expense ratio, which is higher than VGLT's 0.03% expense ratio. However, 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. VGLT - Dividend Comparison
BBLB's dividend yield for the trailing twelve months is around 5.00%, more than VGLT's 4.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | 5.00% | 5.03% | 5.34% | 2.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGLT Vanguard Long-Term Treasury ETF | 4.61% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
Frequently Asked Questions
With a correlation of 0.99, BBLB and VGLT 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.
BBLB has higher volatility (2.90%) compared to VGLT (2.59%). In terms of maximum drawdown, BBLB dropped -21.06% vs VGLT's -46.18%.
On 3-year performance, VGLT leads with -0.72% vs -1.70% for BBLB. On fees, VGLT is cheaper at 0.03% per year. On volatility, VGLT has been the lower-risk option at 2.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VGLT has performed better with a -0.72% return vs -1.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGLT is cheaper with a 0.03% expense ratio, compared with 0.04% for BBLB.
BBLB has the higher dividend yield at 5.00%, compared with 4.61% for VGLT.
BBLB tracks ICE U.S. Treasury 20+ Year Bond Index, while VGLT tracks Bloomberg U.S. Long Treasury Index. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.04% for BBLB and 0.03% for VGLT.
VGLT currently has the higher Sharpe Ratio (0.59 vs 0.52), 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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