BBLL.L vs. IBTA.L
BBLL.L (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) and IBTA.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) are both Government Bonds funds - BBLL.L tracks the ICE US Treasury 0-1 Year Index while IBTA.L tracks the ICE US Treasury 1-3 Year Index. Both are passively managed. Over the past year, BBLL.L returned 4.30% vs 4.17% for IBTA.L. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.07% expense ratio.
Performance
BBLL.L vs. IBTA.L - Performance Comparison
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Different Trading Currencies
BBLL.L is traded in GBP, while IBTA.L is traded in USD. To make them comparable, the IBTA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, BBLL.L achieves a 1.30% return, which is significantly higher than IBTA.L's 0.69% return.
BBLL.L
- 1D
- -0.19%
- 1M
- 1.42%
- YTD
- 1.30%
- 6M
- 0.79%
- 1Y
- 4.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBTA.L
- 1D
- 0.16%
- 1M
- 1.08%
- YTD
- 0.69%
- 6M
- 0.28%
- 1Y
- 4.17%
- 3Y*
- 1.59%
- 5Y*
- 2.93%
- 10Y*
- —
BBLL.L vs. IBTA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BBLL.L JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 1.30% | 2.34% |
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.69% | 2.75% |
Correlation
The correlation between BBLL.L and IBTA.L is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.77 |
The correlation between BBLL.L and IBTA.L has been stable across timeframes, ranging from 0.77 to 0.77 - a consistent structural relationship.
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Return for Risk
BBLL.L vs. IBTA.L — Risk / Return Rank
BBLL.L
IBTA.L
BBLL.L vs. IBTA.L - 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.L) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.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.
| BBLL.L | IBTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.12 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 0.80 | +0.20 |
| Martin ratioReturn relative to average drawdown | 2.55 | 2.21 | +0.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BBLL.L | IBTA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.65 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.13 | +0.39 |
Drawdowns
BBLL.L vs. IBTA.L - Drawdown Comparison
The maximum BBLL.L drawdown since its inception was -4.55%, smaller than the maximum IBTA.L drawdown of -18.45%. Use the drawdown chart below to compare losses from any high point for BBLL.L and IBTA.L.
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Drawdown Indicators
| BBLL.L | IBTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.55% | -18.45% | +13.90% |
Max Drawdown (1Y)Largest decline over 1 year | -4.55% | -5.21% | +0.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.27% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.67% | — |
Current DrawdownCurrent decline from peak | -1.43% | -8.00% | +6.57% |
Average DrawdownAverage peak-to-trough decline | -1.59% | -8.99% | +7.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 1.89% | -0.11% |
Volatility
BBLL.L vs. IBTA.L - Volatility Comparison
JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.L) has a higher volatility of 1.94% compared to iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) at 1.66%. This indicates that BBLL.L's price experiences larger fluctuations and is considered to be riskier than IBTA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBLL.L | IBTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 1.66% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 4.68% | 4.90% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.46% | 6.36% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.43% | 8.23% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.43% | 8.51% | -2.08% |
BBLL.L vs. IBTA.L - Expense Ratio Comparison
Both BBLL.L and IBTA.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%.
Dividends
BBLL.L vs. IBTA.L - Dividend Comparison
Neither BBLL.L nor IBTA.L has paid dividends to shareholders.
Frequently Asked Questions
BBLL.L and IBTA.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.L and IBTA.L have the same expense ratio: 0.07% per year.
BBLL.L tracks ICE US Treasury 0-1 Year Index, while IBTA.L tracks ICE US Treasury 1-3 Year Index. They also come from different issuers: JPMorgan and iShares.
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