BBM3.L vs. CU71.L
BBM3.L (JPMorgan BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD (Acc)) and CU71.L (iShares USD Treasury Bond 3-7yr UCITS ETF (Acc)) are both Government Bonds funds - BBM3.L tracks the ICE 0-3 Month US Treasury Notes & Bills Index while CU71.L tracks the ICE U.S. Treasury 3-7 Year Bond Index. Both are passively managed. Over the past 5 years, BBM3.L returned 4.64%/yr vs 1.62%/yr for CU71.L. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.07% expense ratio.
Performance
BBM3.L vs. CU71.L - Performance Comparison
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Different Trading Currencies
BBM3.L is traded in GBP, while CU71.L is traded in GBp. To make them comparable, the CU71.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, BBM3.L achieves a 3.89% return, which is significantly higher than CU71.L's 2.03% return.
BBM3.L
- 1D
- 0.26%
- 1M
- 2.40%
- YTD
- 3.89%
- 6M
- 4.42%
- 1Y
- 7.55%
- 3Y*
- 3.41%
- 5Y*
- 4.64%
- 10Y*
- —
CU71.L
- 1D
- 0.45%
- 1M
- 2.78%
- YTD
- 2.03%
- 6M
- 2.74%
- 1Y
- 6.34%
- 3Y*
- 2.71%
- 5Y*
- 1.62%
- 10Y*
- 1.66%
BBM3.L vs. CU71.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BBM3.L JPMorgan BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD (Acc) | 3.89% | -2.95% | 7.03% | -0.78% | 13.48% | 4.56% |
CU71.L iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) | 2.03% | -0.08% | 3.77% | -1.43% | 1.45% | 3.00% |
Correlation
The correlation between BBM3.L and CU71.L is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.78 |
The correlation between BBM3.L and CU71.L shifts across timeframes, from 0.77 (5 years) to 0.88 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BBM3.L vs. CU71.L — Risk / Return Rank
BBM3.L
CU71.L
BBM3.L vs. CU71.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD (Acc) (BBM3.L) and iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (CU71.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.
| BBM3.L | CU71.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.26 | +0.40 |
| Martin ratioReturn relative to average drawdown | 4.21 | 3.03 | +1.18 |
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Drawdowns
BBM3.L vs. CU71.L - Drawdown Comparison
The maximum BBM3.L drawdown since its inception was -15.26%, smaller than the maximum CU71.L drawdown of -25.85%. Use the drawdown chart below to compare losses from any high point for BBM3.L and CU71.L.
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Drawdown Indicators
| BBM3.L | CU71.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.26% | -25.85% | +10.59% |
Max Drawdown (1Y)Largest decline over 1 year | -4.53% | -5.02% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -9.77% | -20.81% | +11.04% |
Max Drawdown (5Y)Largest decline over 5 years | -15.26% | -25.85% | +10.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.85% | — |
Current DrawdownCurrent decline from peak | -3.55% | -17.22% | +13.67% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -9.46% | +3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 2.09% | -0.30% |
Volatility
BBM3.L vs. CU71.L - Volatility Comparison
JPMorgan BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD (Acc) (BBM3.L) has a higher volatility of 1.71% compared to iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (CU71.L) at 1.52%. This indicates that BBM3.L's price experiences larger fluctuations and is considered to be riskier than CU71.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBM3.L | CU71.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 1.52% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 4.75% | 4.40% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.56% | 6.04% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.43% | 19.92% | -11.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.36% | 15.63% | -7.27% |
BBM3.L vs. CU71.L - Expense Ratio Comparison
Both BBM3.L and CU71.L have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
BBM3.L vs. CU71.L - Dividend Comparison
Neither BBM3.L nor CU71.L has paid dividends to shareholders.
Frequently Asked Questions
BBM3.L and CU71.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BBM3.L and CU71.L have the same expense ratio: 0.07% per year.
BBM3.L tracks ICE 0-3 Month US Treasury Notes & Bills Index, while CU71.L tracks ICE U.S. Treasury 3-7 Year Bond Index. They also come from different issuers: JPMorgan and iShares.
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