BBLL.L vs. JGST.L
BBLL.L (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) and JGST.L (JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist)) are both exchange-traded funds - BBLL.L is a Government Bonds fund tracking the ICE US Treasury 0-1 Year Index, while JGST.L is a Ultrashort Bond fund actively managed by JPMorgan. BBLL.L is passively managed, while JGST.L is actively managed. Over the past year, BBLL.L returned 4.30% vs 4.37% for JGST.L. At a correlation of -0.16, they often move in opposite directions. BBLL.L charges 0.07%/yr vs 0.18%/yr for JGST.L.
Performance
BBLL.L vs. JGST.L - Performance Comparison
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Returns By Period
In the year-to-date period, BBLL.L achieves a 1.30% return, which is significantly lower than JGST.L's 1.43% return.
BBLL.L
- 1D
- -0.19%
- 1M
- 1.42%
- YTD
- 1.30%
- 6M
- 0.79%
- 1Y
- 4.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JGST.L
- 1D
- 0.02%
- 1M
- 0.56%
- YTD
- 1.43%
- 6M
- 1.78%
- 1Y
- 4.37%
- 3Y*
- 5.02%
- 5Y*
- 3.37%
- 10Y*
- —
BBLL.L vs. JGST.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% |
JGST.L JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) | 1.43% | 3.35% |
Correlation
The correlation between BBLL.L and JGST.L is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | -0.16 |
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Return for Risk
BBLL.L vs. JGST.L — Risk / Return Rank
BBLL.L
JGST.L
BBLL.L vs. JGST.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 UCITS ETF - GBP (dist) (JGST.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 | JGST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.06 | ||
| Sortino ratioReturn per unit of downside risk | -11.18 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 3.12 | -2.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 10.32 | -9.32 |
| Martin ratioReturn relative to average drawdown | 2.55 | 62.55 | -60.00 |
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 | JGST.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 6.77 | -6.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 5.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 4.34 | -3.82 |
Drawdowns
BBLL.L vs. JGST.L - Drawdown Comparison
The maximum BBLL.L drawdown since its inception was -4.55%, which is greater than JGST.L's maximum drawdown of -1.18%. Use the drawdown chart below to compare losses from any high point for BBLL.L and JGST.L.
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Drawdown Indicators
| BBLL.L | JGST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.55% | -1.18% | -3.37% |
Max Drawdown (1Y)Largest decline over 1 year | -4.55% | -0.43% | -4.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.43% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.76% | — |
Current DrawdownCurrent decline from peak | -1.43% | 0.00% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -1.59% | -0.10% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 0.07% | +1.71% |
Volatility
BBLL.L vs. JGST.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 UCITS ETF - GBP (dist) (JGST.L) at 0.23%. This indicates that BBLL.L's price experiences larger fluctuations and is considered to be riskier than JGST.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 | JGST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 0.23% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 4.68% | 0.58% | +4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.46% | 0.65% | +5.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.43% | 0.58% | +5.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.43% | 0.57% | +5.86% |
BBLL.L vs. JGST.L - Expense Ratio Comparison
BBLL.L has a 0.07% expense ratio, which is lower than JGST.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. JGST.L - Dividend Comparison
BBLL.L has not paid dividends to shareholders, while JGST.L's dividend yield for the trailing twelve months is around 4.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BBLL.L 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% | 0.00% | 0.00% |
JGST.L JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) | 4.29% | 4.37% | 5.01% | 3.88% | 1.01% | 0.51% | 0.73% | 0.72% | 0.21% |
Frequently Asked Questions
BBLL.L and JGST.L have a correlation of -0.17, 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 JGST.L.
BBLL.L is categorized as Government Bonds, while JGST.L is Ultrashort Bond. Their fees differ too: 0.07% for BBLL.L and 0.18% for JGST.L.
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