BBLL.L vs. VDST.L
BBLL.L (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) and VDST.L (Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating) are both Government Bonds funds - BBLL.L tracks the ICE US Treasury 0-1 Year Index while VDST.L tracks the Bloomberg Short Treasury Index. Both are passively managed. Over the past year, BBLL.L returned 4.30% vs 4.66% for VDST.L. A 0.80 correlation means they provide meaningful diversification when combined. BBLL.L charges 0.07%/yr vs 0.05%/yr for VDST.L.
Performance
BBLL.L vs. VDST.L - Performance Comparison
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Different Trading Currencies
BBLL.L is traded in GBP, while VDST.L is traded in USD. To make them comparable, the VDST.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 lower than VDST.L's 1.79% return.
BBLL.L
- 1D
- -0.19%
- 1M
- 1.42%
- YTD
- 1.30%
- 6M
- 0.79%
- 1Y
- 4.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VDST.L
- 1D
- 0.28%
- 1M
- 1.40%
- YTD
- 1.79%
- 6M
- 1.20%
- 1Y
- 4.66%
- 3Y*
- 2.11%
- 5Y*
- 4.38%
- 10Y*
- —
BBLL.L vs. VDST.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% |
VDST.L Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating | 1.79% | 2.61% |
Correlation
The correlation between BBLL.L and VDST.L is 0.80, 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 | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.80 |
The correlation between BBLL.L and VDST.L has been stable across timeframes, ranging from 0.80 to 0.80 - a consistent structural relationship.
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Return for Risk
BBLL.L vs. VDST.L — Risk / Return Rank
BBLL.L
VDST.L
BBLL.L vs. VDST.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 Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating (VDST.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 | VDST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.12 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 0.90 | +0.09 |
| Martin ratioReturn relative to average drawdown | 2.55 | 2.45 | +0.09 |
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 | VDST.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.71 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.29 | +0.24 |
Drawdowns
BBLL.L vs. VDST.L - Drawdown Comparison
The maximum BBLL.L drawdown since its inception was -4.55%, smaller than the maximum VDST.L drawdown of -15.91%. Use the drawdown chart below to compare losses from any high point for BBLL.L and VDST.L.
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Drawdown Indicators
| BBLL.L | VDST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.55% | -15.91% | +11.36% |
Max Drawdown (1Y)Largest decline over 1 year | -4.55% | -5.14% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.86% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.91% | — |
Current DrawdownCurrent decline from peak | -1.43% | -6.18% | +4.75% |
Average DrawdownAverage peak-to-trough decline | -1.59% | -7.99% | +6.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 1.90% | -0.12% |
Volatility
BBLL.L vs. VDST.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 Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating (VDST.L) at 1.82%. This indicates that BBLL.L's price experiences larger fluctuations and is considered to be riskier than VDST.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 | VDST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 1.82% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.68% | 4.95% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.46% | 6.55% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.43% | 8.88% | -2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.43% | 8.94% | -2.51% |
BBLL.L vs. VDST.L - Expense Ratio Comparison
BBLL.L has a 0.07% expense ratio, which is higher than VDST.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. VDST.L - Dividend Comparison
Neither BBLL.L nor VDST.L has paid dividends to shareholders.
Frequently Asked Questions
BBLL.L and VDST.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDST.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDST.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 VDST.L tracks Bloomberg Short Treasury Index. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.07% for BBLL.L and 0.05% for VDST.L.
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