BBLL.L vs. BBM3.L
Compare and contrast key facts about JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.L) and JPMorgan BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD (Acc) (BBM3.L).
BBLL.L and BBM3.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBLL.L is a passively managed fund by JPMorgan that tracks the performance of the Bloomberg US Government TR USD. It was launched on Jul 9, 2019. BBM3.L is a passively managed fund by JPMorgan Asset Management (Europe) S.à r.l. that tracks the performance of the Bloomberg US Government TR USD. It was launched on Feb 17, 2021. Both BBLL.L and BBM3.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBLL.L or BBM3.L.
Correlation
The correlation between BBLL.L and BBM3.L is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BBLL.L vs. BBM3.L - Performance Comparison
Key characteristics
BBLL.L:
0.62
BBM3.L:
0.59
BBLL.L:
0.95
BBM3.L:
0.90
BBLL.L:
1.11
BBM3.L:
1.11
BBLL.L:
0.35
BBM3.L:
0.35
BBLL.L:
1.64
BBM3.L:
1.61
BBLL.L:
2.53%
BBM3.L:
2.53%
BBLL.L:
6.71%
BBM3.L:
6.90%
BBLL.L:
-19.19%
BBM3.L:
-15.27%
BBLL.L:
-6.53%
BBM3.L:
-6.43%
Returns By Period
The year-to-date returns for both stocks are quite close, with BBLL.L having a -2.09% return and BBM3.L slightly lower at -2.19%.
BBLL.L
-2.09%
-2.90%
4.27%
3.79%
2.57%
N/A
BBM3.L
-2.19%
-2.93%
4.29%
3.78%
N/A
N/A
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BBLL.L vs. BBM3.L - Expense Ratio Comparison
Both BBLL.L and BBM3.L 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%.
Risk-Adjusted Performance
BBLL.L vs. BBM3.L — Risk-Adjusted Performance Rank
BBLL.L
BBM3.L
BBLL.L vs. BBM3.L - Risk-Adjusted Performance 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.L) and JPMorgan BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD (Acc) (BBM3.L). 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.
Dividends
BBLL.L vs. BBM3.L - Dividend Comparison
Neither BBLL.L nor BBM3.L has paid dividends to shareholders.
Drawdowns
BBLL.L vs. BBM3.L - Drawdown Comparison
The maximum BBLL.L drawdown since its inception was -19.19%, which is greater than BBM3.L's maximum drawdown of -15.27%. Use the drawdown chart below to compare losses from any high point for BBLL.L and BBM3.L. For additional features, visit the drawdowns tool.
Volatility
BBLL.L vs. BBM3.L - Volatility Comparison
The current volatility for JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.L) is 1.30%, while JPMorgan BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD (Acc) (BBM3.L) has a volatility of 1.41%. This indicates that BBLL.L experiences smaller price fluctuations and is considered to be less risky than BBM3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.