BBLL.L vs. JGSA.L
BBLL.L (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) and JGSA.L (JPM GBP Ultra-Short Income Active ETF GBP Acc) are both exchange-traded funds - BBLL.L is a Government Bonds fund tracking the ICE US Treasury 0-1 Year Index, while JGSA.L is a Ultrashort Bond fund actively managed by JPMorgan. BBLL.L is passively managed, while JGSA.L is actively managed. Over the past year, BBLL.L returned 4.30% vs 4.33% for JGSA.L. At a correlation of -0.06, they often move in opposite directions. BBLL.L charges 0.07%/yr vs 0.18%/yr for JGSA.L.
Performance
BBLL.L vs. JGSA.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BBLL.L having a 1.30% return and JGSA.L slightly higher at 1.32%.
BBLL.L
- 1D
- -0.19%
- 1M
- 1.42%
- YTD
- 1.30%
- 6M
- 0.79%
- 1Y
- 4.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JGSA.L
- 1D
- 0.03%
- 1M
- 0.48%
- YTD
- 1.32%
- 6M
- 1.73%
- 1Y
- 4.33%
- 3Y*
- 5.00%
- 5Y*
- 3.38%
- 10Y*
- —
BBLL.L vs. JGSA.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% |
JGSA.L JPM GBP Ultra-Short Income Active ETF GBP Acc | 1.32% | 3.46% |
Correlation
The correlation between BBLL.L and JGSA.L is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | -0.06 |
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Return for Risk
BBLL.L vs. JGSA.L — Risk / Return Rank
BBLL.L
JGSA.L
BBLL.L vs. JGSA.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 JPM GBP Ultra-Short Income Active ETF GBP Acc (JGSA.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 | JGSA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.45 | ||
| Sortino ratioReturn per unit of downside risk | -12.45 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 3.36 | -2.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 10.36 | -9.37 |
| Martin ratioReturn relative to average drawdown | 2.55 | 54.06 | -51.52 |
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 | JGSA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 7.16 | -6.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 6.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 4.28 | -3.76 |
Drawdowns
BBLL.L vs. JGSA.L - Drawdown Comparison
The maximum BBLL.L drawdown since its inception was -4.55%, which is greater than JGSA.L's maximum drawdown of -1.42%. Use the drawdown chart below to compare losses from any high point for BBLL.L and JGSA.L.
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Drawdown Indicators
| BBLL.L | JGSA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.55% | -1.42% | -3.13% |
Max Drawdown (1Y)Largest decline over 1 year | -4.55% | -0.42% | -4.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.73% | — |
Current DrawdownCurrent decline from peak | -1.43% | -0.06% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -1.59% | -0.10% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 0.08% | +1.70% |
Volatility
BBLL.L vs. JGSA.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 JPM GBP Ultra-Short Income Active ETF GBP Acc (JGSA.L) at 0.26%. This indicates that BBLL.L's price experiences larger fluctuations and is considered to be riskier than JGSA.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 | JGSA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 0.26% | +1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 4.68% | 0.53% | +4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.46% | 0.60% | +5.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.43% | 0.55% | +5.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.43% | 0.62% | +5.81% |
BBLL.L vs. JGSA.L - Expense Ratio Comparison
BBLL.L has a 0.07% expense ratio, which is lower than JGSA.L's 0.18% expense ratio. Despite the difference, 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.L vs. JGSA.L - Dividend Comparison
Neither BBLL.L nor JGSA.L has paid dividends to shareholders.
Frequently Asked Questions
BBLL.L and JGSA.L have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BBLL.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBLL.L is cheaper with a 0.07% expense ratio, compared with 0.18% for JGSA.L.
BBLL.L is categorized as Government Bonds, while JGSA.L is Ultrashort Bond. Their fees differ too: 0.07% for BBLL.L and 0.18% for JGSA.L.
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