BBSB vs. GGOV
BBSB (JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - BBSB is a Government Bonds fund tracking the ICE U.S. Treasury 1-3 Year Bond Index, while GGOV is a Global Bonds fund managed by iShares. Over the past year, BBSB returned 3.17% vs 0.02% for GGOV. A 0.55 correlation means they provide meaningful diversification when combined. BBSB charges 0.04%/yr vs 0.39%/yr for GGOV.
Performance
BBSB vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, BBSB achieves a 0.80% return, which is significantly lower than GGOV's 2.47% return.
BBSB
- 1D
- -0.03%
- 1M
- 0.14%
- 6M
- 0.77%
- YTD
- 0.80%
- 1Y
- 3.17%
- 3Y*
- 4.23%
- 5Y*
- —
- 10Y*
- —
GGOV
- 1D
- -0.18%
- 1M
- -0.40%
- 6M
- 3.01%
- YTD
- 2.47%
- 1Y
- 0.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BBSB vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF | 0.80% | 2.39% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.47% | -2.80% |
Correlation
The correlation between BBSB and GGOV is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.55 |
The correlation between BBSB and GGOV has been stable across timeframes, ranging from 0.55 to 0.55 - a consistent structural relationship.
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Return for Risk
BBSB vs. GGOV — Risk / Return Rank
BBSB
GGOV
BBSB vs. GGOV - 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 iShares Global Government Bond USD Hedged Active ETF (GGOV). 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.
| BBSB | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.48 | ||
| Sortino ratioReturn per unit of downside risk | +4.12 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.01 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 0.00 | +3.72 |
| Martin ratioReturn relative to average drawdown | 14.96 | 0.01 | +14.95 |
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Drawdowns
BBSB vs. GGOV - Drawdown Comparison
The maximum BBSB drawdown since its inception was -1.57%, smaller than the maximum GGOV drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for BBSB and GGOV.
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Drawdown Indicators
| BBSB | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.57% | -4.69% | +3.12% |
Max Drawdown (1Y)Largest decline over 1 year | -0.86% | -4.69% | +3.83% |
Max Drawdown (3Y)Largest decline over 3 years | -0.96% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -1.34% | +1.31% |
Average DrawdownAverage peak-to-trough decline | -0.30% | -1.54% | +1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 2.12% | -1.91% |
Volatility
BBSB vs. GGOV - Volatility Comparison
The current volatility for JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) is 0.41%, while iShares Global Government Bond USD Hedged Active ETF (GGOV) has a volatility of 0.88%. This indicates that BBSB experiences smaller price fluctuations and is considered to be less risky than GGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBSB | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 0.88% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 0.94% | 3.62% | -2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.29% | 5.29% | -4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.66% | 5.18% | -3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.66% | 5.18% | -3.52% |
BBSB vs. GGOV - Expense Ratio Comparison
BBSB has a 0.04% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
BBSB vs. GGOV - Dividend Comparison
BBSB's dividend yield for the trailing twelve months is around 3.79%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF | 3.79% | 3.69% | 4.84% | 3.50% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BBSB and GGOV have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGOV has higher volatility (0.88%) compared to BBSB (0.41%). In terms of maximum drawdown, BBSB dropped -1.57% vs GGOV's -4.69%.
On 1-year performance, BBSB leads with 3.17% vs 0.02% for GGOV. On fees, BBSB is cheaper at 0.04% per year. On volatility, BBSB has been the lower-risk option at 0.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BBSB has performed better with a 3.17% return vs 0.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBSB is cheaper with a 0.04% expense ratio, compared with 0.39% for GGOV.
BBSB has the higher dividend yield at 3.79%, compared with 0.00% for GGOV.
BBSB is categorized as Government Bonds, while GGOV is Global Bonds. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.04% for BBSB and 0.39% for GGOV.
BBSB currently has the higher Sharpe Ratio (2.48 vs 0.00), 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.
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