BBRT.L vs. VUTY.L
BBRT.L (JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc)) and VUTY.L (Vanguard USD Treasury Bond UCITS ETF Distributing) are both Government Bonds funds - BBRT.L tracks the J.P. Morgan Government Bond US Index while VUTY.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 5 years, BBRT.L returned 0.50%/yr vs 0.61%/yr for VUTY.L. With a 0.99 correlation, they move nearly in lockstep. BBRT.L charges 0.07%/yr vs 0.05%/yr for VUTY.L.
Performance
BBRT.L vs. VUTY.L - Performance Comparison
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Returns By Period
In the year-to-date period, BBRT.L achieves a -0.18% return, which is significantly lower than VUTY.L's -0.16% return.
BBRT.L
- 1D
- 0.22%
- 1M
- 0.96%
- YTD
- -0.18%
- 6M
- -0.66%
- 1Y
- 4.79%
- 3Y*
- 0.09%
- 5Y*
- 0.50%
- 10Y*
- —
VUTY.L
- 1D
- 0.07%
- 1M
- 0.78%
- YTD
- -0.16%
- 6M
- -0.78%
- 1Y
- 4.55%
- 3Y*
- 0.23%
- 5Y*
- 0.61%
- 10Y*
- 1.68%
BBRT.L vs. VUTY.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% |
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | -0.16% | -1.13% | 2.55% | -1.94% | -1.87% | -1.11% | 3.99% | 3.56% |
Correlation
The correlation between BBRT.L and VUTY.L is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | 0.99 |
The correlation between BBRT.L and VUTY.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
BBRT.L vs. VUTY.L — Risk / Return Rank
BBRT.L
VUTY.L
BBRT.L vs. VUTY.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 Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.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 | VUTY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 0.83 | +0.04 |
| Martin ratioReturn relative to average drawdown | 2.05 | 1.98 | +0.07 |
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
| BBRT.L | VUTY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 0.73 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.07 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.13 | -0.07 |
Drawdowns
BBRT.L vs. VUTY.L - Drawdown Comparison
The maximum BBRT.L drawdown since its inception was -24.57%, which is greater than VUTY.L's maximum drawdown of -22.63%. Use the drawdown chart below to compare losses from any high point for BBRT.L and VUTY.L.
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Drawdown Indicators
| BBRT.L | VUTY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.57% | -22.63% | -1.94% |
Max Drawdown (1Y)Largest decline over 1 year | -5.22% | -5.25% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -8.23% | -8.27% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -16.20% | -16.17% | -0.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.63% | — |
Current DrawdownCurrent decline from peak | -19.97% | -17.85% | -2.12% |
Average DrawdownAverage peak-to-trough decline | -16.82% | -12.63% | -4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 2.20% | +0.01% |
Volatility
BBRT.L vs. VUTY.L - Volatility Comparison
JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) (BBRT.L) and Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.L) have volatilities of 1.49% and 1.43%, 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.
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Volatility by Period
| BBRT.L | VUTY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 1.43% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 4.36% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.10% | 5.96% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.83% | 8.71% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.57% | 10.00% | -0.43% |
BBRT.L vs. VUTY.L - Expense Ratio Comparison
BBRT.L has a 0.07% expense ratio, which is higher than VUTY.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. VUTY.L - Dividend Comparison
BBRT.L has not paid dividends to shareholders, while VUTY.L's dividend yield for the trailing twelve months is around 4.27%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | 4.27% | 4.40% | 4.00% | 3.47% | 2.06% | 1.19% | 1.64% | 2.42% | 2.24% | 1.64% | 0.92% |
Frequently Asked Questions
With a correlation of 0.98, BBRT.L and VUTY.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, VUTY.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUTY.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 VUTY.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.07% for BBRT.L and 0.05% for VUTY.L.
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