BBLB vs. XONE
BBLB (JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF) and XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) are both Government Bonds funds - BBLB tracks the ICE U.S. Treasury 20+ Year Bond Index while XONE tracks the Bloomberg US Treasury 1 Year Target Duration Index. Both are passively managed. Over the past 3 years, BBLB returned -0.80%/yr vs 4.49%/yr for XONE. Their 0.48 correlation means their historical movements had little consistent relationship. BBLB charges 0.04%/yr vs 0.03%/yr for XONE.
Performance
BBLB vs. XONE - 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 XONE's 1.68% 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%
XONE
- 1D
- 0.04%
- 1M
- 0.28%
- 6M
- 1.42%
- YTD
- 1.68%
- 1Y
- 3.55%
- 3Y*
- 4.49%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.45K | $41.67K | $60.66K | |
| $13.20M | $8.31M | $5.86M |
BBLB vs. XONE - 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% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 1.68% | 4.41% | 4.83% | 3.41% |
Correlation
The correlation between BBLB and XONE is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
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. XONE — Risk / Return Rank
BBLB
XONE
BBLB vs. XONE - 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 BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE). 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 | XONE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.86 | ||
| Sortino ratioReturn per unit of downside risk | -13.51 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 3.06 | -2.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 22.28 | -22.47 |
| Martin ratioReturn relative to average drawdown | -0.42 | 113.68 | -114.11 |
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Drawdowns
BBLB vs. XONE - Drawdown Comparison
The maximum BBLB drawdown since its inception was -21.06%, which is greater than XONE's maximum drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for BBLB and XONE.
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Drawdown Indicators
| BBLB | XONE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.06% | -0.40% | -20.66% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -0.16% | -7.60% |
Max Drawdown (3Y)Largest decline over 3 years | -14.67% | -0.28% | -14.39% |
Current DrawdownCurrent decline from peak | -10.92% | 0.00% | -10.92% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -0.04% | -8.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 0.03% | +3.55% |
Volatility
BBLB vs. XONE - Volatility Comparison
JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) has a higher volatility of 2.67% compared to BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) at 0.16%. This indicates that BBLB's price experiences larger fluctuations and is considered to be riskier than XONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBLB | XONE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 0.16% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 0.41% | +6.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 0.53% | +8.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 0.85% | +12.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.62% | 0.85% | +12.77% |
BBLB vs. XONE - Expense Ratio Comparison
BBLB has a 0.04% expense ratio, which is higher than XONE'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. XONE - Dividend Comparison
BBLB's dividend yield for the trailing twelve months is around 4.99%, more than XONE's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | 4.99% | 5.03% | 5.34% | 2.82% | 0.00% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 3.97% | 4.33% | 5.21% | 4.46% | 1.17% |
Frequently Asked Questions
BBLB and XONE have a correlation of 0.44, 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 XONE (0.16%). In terms of maximum drawdown, BBLB dropped -21.06% vs XONE's -0.40%.
On 3-year performance, XONE leads with 4.49% vs -0.80% for BBLB. On fees, XONE is cheaper at 0.03% per year. On volatility, XONE has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XONE has performed better with a 4.49% return vs -0.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XONE is cheaper with a 0.03% expense ratio, compared with 0.04% for BBLB.
BBLB has the higher dividend yield at 4.99%, compared with 3.97% for XONE.
BBLB tracks ICE U.S. Treasury 20+ Year Bond Index, while XONE tracks Bloomberg US Treasury 1 Year Target Duration Index. They also come from different issuers: JPMorgan and BondBloxx. Their fees differ too: 0.04% for BBLB and 0.03% for XONE.
XONE currently has the higher Sharpe Ratio (6.70 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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