BBLL.L vs. XT01.L

Last updated Jun 4, 2026

BBLL.L (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) and XT01.L (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) are both Government Bonds funds - BBLL.L tracks the ICE US Treasury 0-1 Year Index while XT01.L tracks the FTSE US Treasury Short Duration Index. Both are passively managed. Over the past year, BBLL.L returned 4.30% vs 4.55% for XT01.L. With a 0.99 correlation, they move nearly in lockstep. BBLL.L charges 0.07%/yr vs 0.06%/yr for XT01.L.

Performance

BBLL.L vs. XT01.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.L) and Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBLL.L achieves a 1.30% return, which is significantly lower than XT01.L's 1.50% return.

BBLL.L

• 1D: -0.19%
• 1M: 1.42%
• YTD: 1.30%
• 6M: 0.79%
• 1Y: 4.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XT01.L

• 1D: 0.25%
• 1M: 1.63%
• YTD: 1.50%
• 6M: 1.00%
• 1Y: 4.55%
• 3Y*: 2.12%
• 5Y*: 4.44%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBLL.L vs. XT01.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%
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C	1.50%	2.39%

Correlation

The correlation between BBLL.L and XT01.L is 0.99 - 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	0.99
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	1.00

The correlation between BBLL.L and XT01.L has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

BBLL.L vs. XT01.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBLL.L

BBLL.L Risk / Return Rank: 21
BBLL.L Sharpe Ratio Rank: 21
BBLL.L Sortino Ratio Rank: 20
BBLL.L Omega Ratio Rank: 19
BBLL.L Calmar Ratio Rank: 22
BBLL.L Martin Ratio Rank: 21

XT01.L

XT01.L Risk / Return Rank: 21
XT01.L Sharpe Ratio Rank: 21
XT01.L Sortino Ratio Rank: 20
XT01.L Omega Ratio Rank: 19
XT01.L Calmar Ratio Rank: 22
XT01.L Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBLL.L vs. XT01.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 Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.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	XT01.L	Difference
Sharpe ratio: Return per unit of total volatility	0.71	0.70	0.00
Sortino ratio: Return per unit of downside risk	1.06	1.06	0.00
Omega ratio: Gain probability vs. loss probability	1.12	1.12	0.00
Calmar ratio: Return relative to maximum drawdown	1.00	1.01	-0.02
Martin ratio: Return relative to average drawdown	2.55	2.53	+0.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBLL.L vs. XT01.L - Sharpe Ratio Comparison

The current BBLL.L Sharpe Ratio is 0.71, which is comparable to the XT01.L Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of BBLL.L and XT01.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBLL.L	XT01.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	0.70	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.26	+0.26

Drawdowns

BBLL.L vs. XT01.L - Drawdown Comparison

The maximum BBLL.L drawdown since its inception was -4.55%, smaller than the maximum XT01.L drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for BBLL.L and XT01.L.

Drawdown Indicators

	BBLL.L	XT01.L	Difference
Max Drawdown Largest peak-to-trough decline	-4.55%	-15.31%	+10.76%
Max Drawdown (1Y) Largest decline over 1 year	-4.55%	-4.48%	-0.07%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.31%	—
Current Drawdown Current decline from peak	-1.43%	-5.71%	+4.28%
Average Drawdown Average peak-to-trough decline	-1.59%	-7.30%	+5.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	1.79%	-0.01%

Volatility

BBLL.L vs. XT01.L - Volatility Comparison

JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.L) and Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L) have volatilities of 1.94% and 1.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBLL.L	XT01.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.94%	1.94%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	4.68%	4.68%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	6.46%	6.45%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.43%	8.37%	-1.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.43%	8.34%	-1.91%

BBLL.L vs. XT01.L - Expense Ratio Comparison

BBLL.L has a 0.07% expense ratio, which is higher than XT01.L's 0.06% 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. XT01.L - Dividend Comparison

Neither BBLL.L nor XT01.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BBLL.L and XT01.L in my portfolio?

With a correlation of 0.99, BBLL.L and XT01.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.

Which ETF is better, BBLL.L or XT01.L?

On fees, XT01.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BBLL.L or XT01.L?

XT01.L is cheaper with a 0.06% expense ratio, compared with 0.07% for BBLL.L.

What is the main difference between BBLL.L and XT01.L?

BBLL.L tracks ICE US Treasury 0-1 Year Index, while XT01.L tracks FTSE US Treasury Short Duration Index. They also come from different issuers: JPMorgan and Xtrackers. Their fees differ too: 0.07% for BBLL.L and 0.06% for XT01.L.