BBLL.DE vs. TRD1.DE
BBLL.DE (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) and TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) are both Government Bonds funds - BBLL.DE tracks the ICE US Treasury 0-1 Year Index while TRD1.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, BBLL.DE returned 4.11%/yr vs 3.98%/yr for TRD1.DE. Their correlation of 0.91 suggests significant overlap in exposure. BBLL.DE charges 0.07%/yr vs 0.06%/yr for TRD1.DE.
Performance
BBLL.DE vs. TRD1.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 TRD1.DE slightly lower at 4.64%.
BBLL.DE
- 1D
- 0.06%
- 1M
- 1.70%
- 6M
- 3.71%
- YTD
- 4.73%
- 1Y
- 5.38%
- 3Y*
- 4.01%
- 5Y*
- 4.11%
- 10Y*
- —
TRD1.DE
- 1D
- 0.08%
- 1M
- 1.66%
- 6M
- 3.54%
- YTD
- 4.64%
- 1Y
- 5.35%
- 3Y*
- 4.01%
- 5Y*
- 3.98%
- 10Y*
- —
BBLL.DE vs. TRD1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% | -9.17% |
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 4.64% | -7.35% | 11.23% | 1.38% | 6.73% | 8.36% | -17.72% |
Correlation
The correlation between BBLL.DE and TRD1.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.91 |
The correlation between BBLL.DE and TRD1.DE has been stable across timeframes, ranging from 0.91 to 0.98 - a consistent structural relationship.
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Return for Risk
BBLL.DE vs. TRD1.DE — Risk / Return Rank
BBLL.DE
TRD1.DE
BBLL.DE vs. TRD1.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 Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.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 | TRD1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.15 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.44 | +0.15 |
| Martin ratioReturn relative to average drawdown | 3.76 | 3.75 | +0.01 |
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Drawdowns
BBLL.DE vs. TRD1.DE - Drawdown Comparison
The maximum BBLL.DE drawdown since its inception was -17.24%, roughly equal to the maximum TRD1.DE drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for BBLL.DE and TRD1.DE.
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Drawdown Indicators
| BBLL.DE | TRD1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.24% | -17.81% | +0.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -3.70% | +0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -11.65% | -11.60% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -11.65% | -11.70% | +0.05% |
Current DrawdownCurrent decline from peak | -5.34% | -5.36% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -8.29% | -8.29% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.42% | +0.01% |
Volatility
BBLL.DE vs. TRD1.DE - Volatility Comparison
JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) has a higher volatility of 1.57% compared to Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) at 1.48%. This indicates that BBLL.DE's price experiences larger fluctuations and is considered to be riskier than TRD1.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 | TRD1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 1.48% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.28% | 4.65% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.06% | 6.31% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.45% | 7.48% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.26% | 8.09% | +0.17% |
BBLL.DE vs. TRD1.DE - Expense Ratio Comparison
BBLL.DE has a 0.07% expense ratio, which is higher than TRD1.DE's 0.06% 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
BBLL.DE vs. TRD1.DE - Dividend Comparison
BBLL.DE has not paid dividends to shareholders, while TRD1.DE's dividend yield for the trailing twelve months is around 3.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
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% |
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 3.86% | 4.35% | 4.82% | 4.70% | 1.55% | 0.10% | 0.74% |
Frequently Asked Questions
With a correlation of 0.93, BBLL.DE and TRD1.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.
On fees, TRD1.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRD1.DE is cheaper with a 0.06% expense ratio, compared with 0.07% for BBLL.DE.
BBLL.DE tracks ICE US Treasury 0-1 Year Index, while TRD1.DE tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.07% for BBLL.DE and 0.06% for TRD1.DE.
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