BBLL.L vs. UB74.L
BBLL.L (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) and UB74.L (UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis) are both Government Bonds funds - BBLL.L tracks the ICE US Treasury 0-1 Year Index while UB74.L tracks the Bloomberg US 1-3 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, BBLL.L returned 4.47%/yr vs 2.88%/yr for UB74.L. With a 0.98 correlation, they move nearly in lockstep. BBLL.L charges 0.07%/yr vs 0.05%/yr for UB74.L.
Performance
BBLL.L vs. UB74.L - Performance Comparison
Loading charts...
Different Trading Currencies
BBLL.L is traded in GBP, while UB74.L is traded in GBp. To make them comparable, the UB74.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 3.52% return, which is significantly higher than UB74.L's 2.45% return.
BBLL.L
- 1D
- -0.32%
- 1M
- 2.03%
- YTD
- 3.52%
- 6M
- 4.03%
- 1Y
- 7.09%
- 3Y*
- 3.33%
- 5Y*
- 4.47%
- 10Y*
- —
UB74.L
- 1D
- -0.27%
- 1M
- 2.02%
- YTD
- 2.45%
- 6M
- 3.07%
- 1Y
- 6.30%
- 3Y*
- 2.90%
- 5Y*
- 2.88%
- 10Y*
- 1.62%
BBLL.L vs. UB74.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BBLL.L JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 3.52% | -2.85% | 6.94% | -0.86% | 13.16% | 1.26% | -2.69% | -3.36% |
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 2.45% | -2.06% | 5.76% | -1.66% | 7.62% | 0.57% | -0.46% | -4.04% |
Correlation
The correlation between BBLL.L and UB74.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2019 | 0.98 |
The correlation between BBLL.L and UB74.L has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BBLL.L vs. UB74.L — Risk / Return Rank
BBLL.L
UB74.L
BBLL.L vs. UB74.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 UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.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.
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.L | UB74.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.36 | +0.19 |
| Martin ratioReturn relative to average drawdown | 4.03 | 3.46 | +0.56 |
Loading charts...
Drawdowns
BBLL.L vs. UB74.L - Drawdown Comparison
The maximum BBLL.L drawdown since its inception was -19.18%, smaller than the maximum UB74.L drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for BBLL.L and UB74.L.
Loading charts...
Drawdown Indicators
| BBLL.L | UB74.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.18% | -41.53% | +22.35% |
Max Drawdown (1Y)Largest decline over 1 year | -4.54% | -4.61% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -9.73% | -8.93% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -15.36% | -16.34% | +0.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.81% | — |
Current DrawdownCurrent decline from peak | -3.99% | -9.00% | +5.01% |
Average DrawdownAverage peak-to-trough decline | -9.51% | -21.38% | +11.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 1.81% | -0.05% |
Volatility
BBLL.L vs. UB74.L - Volatility Comparison
JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.L) has a higher volatility of 1.74% compared to UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.L) at 1.57%. This indicates that BBLL.L's price experiences larger fluctuations and is considered to be riskier than UB74.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BBLL.L | UB74.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 1.57% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 4.72% | 4.50% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.45% | 6.16% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.38% | 8.07% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.83% | 8.76% | +0.07% |
BBLL.L vs. UB74.L - Expense Ratio Comparison
BBLL.L has a 0.07% expense ratio, which is higher than UB74.L's 0.05% 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.L vs. UB74.L - Dividend Comparison
BBLL.L has not paid dividends to shareholders, while UB74.L's dividend yield for the trailing twelve months is around 3.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 3.63% | 4.94% | 3.67% | 2.22% | 0.41% | 0.36% | 1.68% | 2.28% | 1.10% | 0.65% | 0.62% | 0.41% |
Frequently Asked Questions
With a correlation of 0.98, BBLL.L and UB74.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, UB74.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UB74.L is cheaper with a 0.05% expense ratio, compared with 0.07% for BBLL.L.
BBLL.L tracks ICE US Treasury 0-1 Year Index, while UB74.L tracks Bloomberg US 1-3 Year Treasury Bond Index. They also come from different issuers: JPMorgan and UBS. Their fees differ too: 0.07% for BBLL.L and 0.05% for UB74.L.
Find the right allocation for BBLL.L and UB74.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer