BBRT.L vs. UB82.L
BBRT.L (JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc)) and UB82.L (UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis) are both Government Bonds funds - BBRT.L tracks the J.P. Morgan Government Bond US Index while UB82.L tracks the Bloomberg US 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, BBRT.L returned 0.53%/yr vs -0.10%/yr for UB82.L. With a 0.98 correlation, they move nearly in lockstep. BBRT.L charges 0.07%/yr vs 0.05%/yr for UB82.L.
Performance
BBRT.L vs. UB82.L - Performance Comparison
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Different Trading Currencies
BBRT.L is traded in GBP, while UB82.L is traded in GBp. To make them comparable, the UB82.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, BBRT.L achieves a 2.17% return, which is significantly higher than UB82.L's 2.02% return.
BBRT.L
- 1D
- -0.27%
- 1M
- 2.80%
- YTD
- 2.17%
- 6M
- 2.98%
- 1Y
- 6.78%
- 3Y*
- 1.61%
- 5Y*
- 0.53%
- 10Y*
- —
UB82.L
- 1D
- -0.20%
- 1M
- 2.27%
- YTD
- 2.02%
- 6M
- 2.75%
- 1Y
- 5.88%
- 3Y*
- 1.22%
- 5Y*
- -0.10%
- 10Y*
- 0.43%
BBRT.L vs. UB82.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BBRT.L JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) | 2.17% | -0.87% | 2.21% | -1.99% | -2.50% | -1.20% | 4.44% | -20.05% |
UB82.L UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis | 2.02% | -0.40% | 1.34% | -2.28% | -4.86% | -1.84% | 5.95% | 4.22% |
Correlation
The correlation between BBRT.L and UB82.L is 0.95 - 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 | 0.95 |
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 Apr 25, 2019 | 0.98 |
The correlation between BBRT.L and UB82.L has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
BBRT.L vs. UB82.L — Risk / Return Rank
BBRT.L
UB82.L
BBRT.L vs. UB82.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 UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.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.
| BBRT.L | UB82.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.17 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.21 | +0.09 |
| Martin ratioReturn relative to average drawdown | 2.99 | 2.94 | +0.05 |
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Drawdowns
BBRT.L vs. UB82.L - Drawdown Comparison
The maximum BBRT.L drawdown since its inception was -25.00%, smaller than the maximum UB82.L drawdown of -44.55%. Use the drawdown chart below to compare losses from any high point for BBRT.L and UB82.L.
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Drawdown Indicators
| BBRT.L | UB82.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.00% | -44.55% | +19.55% |
Max Drawdown (1Y)Largest decline over 1 year | -5.22% | -4.86% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -8.23% | -7.79% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -16.20% | -16.40% | +0.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.42% | — |
Current DrawdownCurrent decline from peak | -18.56% | -21.47% | +2.91% |
Average DrawdownAverage peak-to-trough decline | -18.71% | -23.84% | +5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 1.99% | +0.27% |
Volatility
BBRT.L vs. UB82.L - Volatility Comparison
JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) (BBRT.L) has a higher volatility of 1.78% compared to UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.L) at 1.51%. This indicates that BBRT.L's price experiences larger fluctuations and is considered to be riskier than UB82.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBRT.L | UB82.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 1.51% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 4.62% | 4.38% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.17% | 5.96% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.82% | 9.43% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.03% | 10.06% | +2.97% |
BBRT.L vs. UB82.L - Expense Ratio Comparison
BBRT.L has a 0.07% expense ratio, which is higher than UB82.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. UB82.L - Dividend Comparison
BBRT.L has not paid dividends to shareholders, while UB82.L's dividend yield for the trailing twelve months is around 3.04%.
| 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% |
UB82.L UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis | 3.04% | 2.20% | 2.49% | 2.80% | 1.34% | 1.02% | 1.82% | 1.98% | 2.70% | 1.92% | 0.84% | 0.83% |
Frequently Asked Questions
With a correlation of 0.95, BBRT.L and UB82.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, UB82.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UB82.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 UB82.L tracks Bloomberg US 7-10 Year Treasury Bond Index. They also come from different issuers: JPMorgan and UBS. Their fees differ too: 0.07% for BBRT.L and 0.05% for UB82.L.
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