BBLL.DE vs. TRDL.DE
BBLL.DE (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) and TRDL.DE (Invesco US Treasury Bond 10+ Year UCITS ETF Dist) are both Government Bonds funds - BBLL.DE tracks the ICE US Treasury 0-1 Year Index while TRDL.DE tracks the Bloomberg US Long Treasury Index. Both are passively managed. Over the past 3 years, BBLL.DE returned 3.19%/yr vs -2.03%/yr for TRDL.DE. At a 0.20 correlation, their price movements are largely independent. BBLL.DE charges 0.07%/yr vs 0.06%/yr for TRDL.DE.
Performance
BBLL.DE vs. TRDL.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BBLL.DE having a 5.03% return and TRDL.DE slightly higher at 5.04%.
BBLL.DE
- 1D
- -0.22%
- 1M
- 2.36%
- YTD
- 5.03%
- 6M
- 5.24%
- 1Y
- 6.10%
- 3Y*
- 3.19%
- 5Y*
- 4.40%
- 10Y*
- —
TRDL.DE
- 1D
- 0.00%
- 1M
- 5.19%
- YTD
- 5.04%
- 6M
- 5.41%
- 1Y
- 7.57%
- 3Y*
- -2.03%
- 5Y*
- —
- 10Y*
- —
BBLL.DE vs. TRDL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 5.03% | -7.36% | 11.29% | 1.33% | -7.41% |
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | 5.04% | -6.13% | -0.85% | -1.72% | -4.67% |
Correlation
The correlation between BBLL.DE and TRDL.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2022 | 0.20 |
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Return for Risk
BBLL.DE vs. TRDL.DE — Risk / Return Rank
BBLL.DE
TRDL.DE
BBLL.DE vs. TRDL.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 10+ Year UCITS ETF Dist (TRDL.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 | TRDL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.15 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.18 | +0.62 |
| Martin ratioReturn relative to average drawdown | 4.26 | 2.56 | +1.70 |
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Drawdowns
BBLL.DE vs. TRDL.DE - Drawdown Comparison
The maximum BBLL.DE drawdown since its inception was -17.24%, smaller than the maximum TRDL.DE drawdown of -20.55%. Use the drawdown chart below to compare losses from any high point for BBLL.DE and TRDL.DE.
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Drawdown Indicators
| BBLL.DE | TRDL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.24% | -20.55% | +3.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -6.45% | +3.07% |
Max Drawdown (3Y)Largest decline over 3 years | -11.65% | -16.55% | +4.90% |
Max Drawdown (5Y)Largest decline over 5 years | -11.65% | — | — |
Current DrawdownCurrent decline from peak | -5.07% | -11.75% | +6.68% |
Average DrawdownAverage peak-to-trough decline | -8.31% | -11.38% | +3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 2.97% | -1.54% |
Volatility
BBLL.DE vs. TRDL.DE - Volatility Comparison
The current volatility for JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) is 1.61%, while Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.DE) has a volatility of 2.33%. This indicates that BBLL.DE experiences smaller price fluctuations and is considered to be less risky than TRDL.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 | TRDL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 2.33% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 6.33% | -2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.07% | 9.08% | -3.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.45% | 13.20% | -5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.28% | 13.20% | -4.92% |
BBLL.DE vs. TRDL.DE - Expense Ratio Comparison
BBLL.DE has a 0.07% expense ratio, which is higher than TRDL.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. TRDL.DE - Dividend Comparison
BBLL.DE has not paid dividends to shareholders, while TRDL.DE's dividend yield for the trailing twelve months is around 4.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | 4.70% | 4.88% | 4.70% | 3.09% | 0.54% |
Frequently Asked Questions
BBLL.DE and TRDL.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRDL.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRDL.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 TRDL.DE tracks Bloomberg US Long Treasury Index. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.07% for BBLL.DE and 0.06% for TRDL.DE.
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