BBSB vs. BNDD

Last updated Jun 5, 2026

BBSB (JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF) and BNDD (Quadratic Deflation ETF) are both Government Bonds funds. BBSB is passively managed, while BNDD is actively managed. Over the past 3 years, BBSB returned 4.15%/yr vs -3.83%/yr for BNDD. At a 0.10 correlation, their price movements are largely independent. BBSB charges 0.04%/yr vs 1.02%/yr for BNDD.

Performance

BBSB vs. BNDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) and Quadratic Deflation ETF (BNDD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBSB achieves a 0.55% return, which is significantly lower than BNDD's 4.38% return.

BBSB

• 1D: 0.07%
• 1M: 0.13%
• YTD: 0.55%
• 6M: 0.88%
• 1Y: 3.32%
• 3Y*: 4.15%
• 5Y*: —
• 10Y*: —

BNDD

• 1D: 0.06%
• 1M: 0.95%
• YTD: 4.38%
• 6M: 2.33%
• 1Y: 2.37%
• 3Y*: -3.83%
• 5Y*: —
• 10Y*: —

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

BBSB vs. BNDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF	0.55%	5.12%	4.00%	2.56%
BNDD Quadratic Deflation ETF	4.38%	-8.17%	-6.65%	-1.01%

Correlation

The correlation between BBSB and BNDD is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (All Time) Calculated using the full available price history since Apr 21, 2023	0.10

BBSB vs. BNDD - Sectors Allocation Comparison

Sectors	BBSB	BNDD
Communication Services	99.7%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	77.7%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

BBSB vs. BNDD — Risk / Return Rank

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

BBSB

BBSB Risk / Return Rank: 84
BBSB Sharpe Ratio Rank: 82
BBSB Sortino Ratio Rank: 93
BBSB Omega Ratio Rank: 88
BBSB Calmar Ratio Rank: 77
BBSB Martin Ratio Rank: 82

BNDD

BNDD Risk / Return Rank: 13
BNDD Sharpe Ratio Rank: 12
BNDD Sortino Ratio Rank: 12
BNDD Omega Ratio Rank: 12
BNDD Calmar Ratio Rank: 14
BNDD Martin Ratio Rank: 13

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.

BBSB vs. BNDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) and Quadratic Deflation ETF (BNDD). 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.

	BBSB	BNDD	Difference
Sharpe ratio: Return per unit of total volatility	2.64	0.23	+2.41
Sortino ratio: Return per unit of downside risk	4.47	0.39	+4.08
Omega ratio: Gain probability vs. loss probability	1.54	1.05	+0.50
Calmar ratio: Return relative to maximum drawdown	3.89	0.39	+3.50
Martin ratio: Return relative to average drawdown	16.07	0.84	+15.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBSB vs. BNDD - Sharpe Ratio Comparison

The current BBSB Sharpe Ratio is 2.64, which is higher than the BNDD Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of BBSB and BNDD, 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

	BBSB	BNDD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	0.23	+2.41
Sharpe Ratio (All Time) Calculated using the full available price history	2.36	-0.33	+2.69

Drawdowns

BBSB vs. BNDD - Drawdown Comparison

The maximum BBSB drawdown since its inception was -1.57%, smaller than the maximum BNDD drawdown of -30.87%. Use the drawdown chart below to compare losses from any high point for BBSB and BNDD.

Drawdown Indicators

	BBSB	BNDD	Difference
Max Drawdown Largest peak-to-trough decline	-1.57%	-30.87%	+29.30%
Max Drawdown (1Y) Largest decline over 1 year	-0.86%	-6.09%	+5.23%
Max Drawdown (3Y) Largest decline over 3 years	-0.96%	-20.75%	+19.79%
Current Drawdown Current decline from peak	-0.18%	-26.46%	+26.28%
Average Drawdown Average peak-to-trough decline	-0.31%	-19.34%	+19.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.21%	2.83%	-2.62%

Volatility

BBSB vs. BNDD - Volatility Comparison

The current volatility for JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) is 0.36%, while Quadratic Deflation ETF (BNDD) has a volatility of 2.17%. This indicates that BBSB experiences smaller price fluctuations and is considered to be less risky than BNDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBSB	BNDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.36%	2.17%	-1.81%
Volatility (6M) Calculated over the trailing 6-month period	0.85%	8.07%	-7.22%
Volatility (1Y) Calculated over the trailing 1-year period	1.27%	10.59%	-9.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.66%	13.37%	-11.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.66%	13.37%	-11.71%

BBSB vs. BNDD - Expense Ratio Comparison

BBSB has a 0.04% expense ratio, which is lower than BNDD's 1.02% expense ratio.

Dividends

BBSB vs. BNDD - Dividend Comparison

BBSB's dividend yield for the trailing twelve months is around 3.81%, more than BNDD's 3.60% yield.

Position	TTM	2025	2024	2023	2022	2021
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF	3.81%	3.69%	4.84%	3.50%	0.00%	0.00%
BNDD Quadratic Deflation ETF	3.60%	3.82%	3.85%	4.30%	43.17%	1.04%

Frequently Asked Questions

Can I hold both BBSB and BNDD in my portfolio?

BBSB and BNDD have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBSB or BNDD?

BNDD has higher volatility (2.17%) compared to BBSB (0.36%). In terms of maximum drawdown, BBSB dropped -1.57% vs BNDD's -30.87%.

Which ETF is better, BBSB or BNDD?

On 3-year performance, BBSB leads with 4.15% vs -3.83% for BNDD. On fees, BBSB is cheaper at 0.04% per year. On volatility, BBSB has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBSB or BNDD?

Over the 3-year period, BBSB has performed better with a 4.15% return vs -3.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBSB or BNDD?

BBSB is cheaper with a 0.04% expense ratio, compared with 1.02% for BNDD.

Which ETF pays a higher dividend yield, BBSB or BNDD?

BBSB has the higher dividend yield at 3.81%, compared with 3.60% for BNDD.

What is the main difference between BBSB and BNDD?

They also come from different issuers: JPMorgan and KraneShares. Their fees differ too: 0.04% for BBSB and 1.02% for BNDD.

Which has better risk-adjusted returns?

BBSB currently has the higher Sharpe Ratio (2.64 vs 0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.