BBLL.DE vs. IBCC.DE
BBLL.DE (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) and IBCC.DE (iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both Government Bonds funds - BBLL.DE tracks the ICE US Treasury 0-1 Year Index while IBCC.DE tracks the ICE US Treasury Short Bond Index. Both are passively managed. Over the past 5 years, BBLL.DE returned 4.11%/yr vs 4.12%/yr for IBCC.DE. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.07% expense ratio.
Performance
BBLL.DE vs. IBCC.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BBLL.DE having a 4.73% return and IBCC.DE slightly lower at 4.60%.
BBLL.DE
- 1D
- 0.06%
- 1M
- 1.70%
- 6M
- 3.71%
- YTD
- 4.73%
- 1Y
- 5.38%
- 3Y*
- 4.01%
- 5Y*
- 4.11%
- 10Y*
- —
IBCC.DE
- 1D
- 0.00%
- 1M
- 1.63%
- 6M
- 3.63%
- YTD
- 4.60%
- 1Y
- 5.34%
- 3Y*
- 4.08%
- 5Y*
- 4.12%
- 10Y*
- —
BBLL.DE vs. IBCC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 4.73% | -7.36% | 11.29% | 1.33% | 7.29% | 8.35% | -8.23% | -9.76% |
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.60% | -7.23% | 11.42% | 1.23% | 7.25% | 8.42% | -8.13% | 1.44% |
Correlation
The correlation between BBLL.DE and IBCC.DE is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2019 | 0.96 |
The correlation between BBLL.DE and IBCC.DE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
BBLL.DE vs. IBCC.DE — Risk / Return Rank
BBLL.DE
IBCC.DE
BBLL.DE vs. IBCC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) and iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE). 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.
| BBLL.DE | IBCC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.64 | -0.06 |
| Martin ratioReturn relative to average drawdown | 3.76 | 3.74 | +0.02 |
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Drawdowns
BBLL.DE vs. IBCC.DE - Drawdown Comparison
The maximum BBLL.DE drawdown since its inception was -17.24%, which is greater than IBCC.DE's maximum drawdown of -16.17%. Use the drawdown chart below to compare losses from any high point for BBLL.DE and IBCC.DE.
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Drawdown Indicators
| BBLL.DE | IBCC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.24% | -16.17% | -1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -3.24% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -11.65% | -11.59% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -11.65% | -11.69% | +0.04% |
Current DrawdownCurrent decline from peak | -5.34% | -5.33% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -8.29% | -7.97% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.43% | 0.00% |
Volatility
BBLL.DE vs. IBCC.DE - Volatility Comparison
The current volatility for JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) is 1.57%, while iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) has a volatility of 1.78%. This indicates that BBLL.DE experiences smaller price fluctuations and is considered to be less risky than IBCC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBLL.DE | IBCC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 1.78% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 4.28% | 4.35% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.06% | 6.24% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.45% | 7.57% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.26% | 8.41% | -0.15% |
BBLL.DE vs. IBCC.DE - Expense Ratio Comparison
Both BBLL.DE and IBCC.DE have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
BBLL.DE vs. IBCC.DE - Dividend Comparison
BBLL.DE has not paid dividends to shareholders, while IBCC.DE's dividend yield for the trailing twelve months is around 3.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 3.99% | 4.63% | 6.49% | 4.14% | 0.47% | 0.09% | 1.39% | 1.22% |
Frequently Asked Questions
With a correlation of 0.95, BBLL.DE and IBCC.DE 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.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BBLL.DE and IBCC.DE have the same expense ratio: 0.07% per year.
BBLL.DE tracks ICE US Treasury 0-1 Year Index, while IBCC.DE tracks ICE US Treasury Short Bond Index. They also come from different issuers: JPMorgan and iShares.
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