BBRT.L vs. TSY3.L
BBRT.L (JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc)) and TSY3.L (SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF) are both Government Bonds funds - BBRT.L tracks the J.P. Morgan Government Bond US Index while TSY3.L tracks the Bloomberg US 1-3 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, BBRT.L returned 0.50%/yr vs 2.87%/yr for TSY3.L. Their correlation of 0.86 suggests significant overlap in exposure. BBRT.L charges 0.07%/yr vs 0.05%/yr for TSY3.L.
Performance
BBRT.L vs. TSY3.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BBRT.L achieves a -0.18% return, which is significantly lower than TSY3.L's 0.72% return.
BBRT.L
- 1D
- 0.22%
- 1M
- 1.14%
- YTD
- -0.18%
- 6M
- -0.65%
- 1Y
- 4.56%
- 3Y*
- 0.09%
- 5Y*
- 0.50%
- 10Y*
- —
TSY3.L
- 1D
- 0.10%
- 1M
- 1.10%
- YTD
- 0.72%
- 6M
- 0.32%
- 1Y
- 4.44%
- 3Y*
- 1.49%
- 5Y*
- 2.87%
- 10Y*
- 2.44%
BBRT.L vs. TSY3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BBRT.L JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) | -0.18% | -0.87% | 2.21% | -1.99% | -2.50% | -1.20% | 4.45% | 3.80% |
TSY3.L SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF | 0.72% | -2.00% | 5.79% | -1.65% | 7.59% | 0.51% | -0.46% | 1.18% |
Correlation
The correlation between BBRT.L and TSY3.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 | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | 0.86 |
The correlation between BBRT.L and TSY3.L has been stable across timeframes, ranging from 0.81 to 0.88 - 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
BBRT.L vs. TSY3.L — Risk / Return Rank
BBRT.L
TSY3.L
BBRT.L vs. TSY3.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) (BBRT.L) and SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF (TSY3.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.
| BBRT.L | TSY3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 0.98 | -0.11 |
| Martin ratioReturn relative to average drawdown | 2.05 | 2.50 | -0.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BBRT.L | TSY3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 0.72 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.35 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.31 | -0.26 |
Drawdowns
BBRT.L vs. TSY3.L - Drawdown Comparison
The maximum BBRT.L drawdown since its inception was -24.57%, which is greater than TSY3.L's maximum drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for BBRT.L and TSY3.L.
Loading charts...
Drawdown Indicators
| BBRT.L | TSY3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.57% | -18.75% | -5.82% |
Max Drawdown (1Y)Largest decline over 1 year | -5.22% | -4.50% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -8.23% | -8.92% | +0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -16.20% | -16.38% | +0.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.75% | — |
Current DrawdownCurrent decline from peak | -19.97% | -7.69% | -12.28% |
Average DrawdownAverage peak-to-trough decline | -16.82% | -7.81% | -9.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 1.77% | +0.44% |
Volatility
BBRT.L vs. TSY3.L - Volatility Comparison
The current volatility for JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) (BBRT.L) is 1.49%, while SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF (TSY3.L) has a volatility of 1.67%. This indicates that BBRT.L experiences smaller price fluctuations and is considered to be less risky than TSY3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BBRT.L | TSY3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 1.67% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 4.50% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.10% | 6.14% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.83% | 8.21% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.57% | 9.29% | +0.28% |
BBRT.L vs. TSY3.L - Expense Ratio Comparison
BBRT.L has a 0.07% expense ratio, which is higher than TSY3.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
BBRT.L vs. TSY3.L - Dividend Comparison
BBRT.L has not paid dividends to shareholders, while TSY3.L's dividend yield for the trailing twelve months is around 3.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBRT.L JPMorgan BetaBuilders US Treasury Bond 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% |
TSY3.L SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF | 3.92% | 4.25% | 4.07% | 3.02% | 0.60% | 0.56% | 1.84% | 2.14% | 1.31% | 1.04% | 0.63% | 0.52% |
Frequently Asked Questions
BBRT.L and TSY3.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.
On fees, TSY3.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSY3.L is cheaper with a 0.05% expense ratio, compared with 0.07% for BBRT.L.
BBRT.L tracks J.P. Morgan Government Bond US Index, while TSY3.L tracks Bloomberg US 1-3 Year Treasury Bond Index. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.07% for BBRT.L and 0.05% for TSY3.L.
Find the right allocation for BBRT.L and TSY3.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