BBSB vs. GOVZ
BBSB (JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF) and GOVZ (iShares 25+ Year Treasury STRIPS Bond ETF) are both Government Bonds funds - BBSB tracks the ICE U.S. Treasury 1-3 Year Bond Index while GOVZ tracks the ICE BofA Long US Treasury Principal STRIPS Index. Both are passively managed. Over the past 3 years, BBSB returned 4.23%/yr vs -6.88%/yr for GOVZ. A 0.55 correlation means they provide meaningful diversification when combined. BBSB charges 0.04%/yr vs 0.15%/yr for GOVZ.
Performance
BBSB vs. GOVZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BBSB achieves a 0.62% return, which is significantly lower than GOVZ's 3.43% return.
BBSB
- 1D
- 0.04%
- 1M
- 0.17%
- YTD
- 0.62%
- 6M
- 0.73%
- 1Y
- 3.02%
- 3Y*
- 4.23%
- 5Y*
- —
- 10Y*
- —
GOVZ
- 1D
- -0.13%
- 1M
- 5.88%
- YTD
- 3.43%
- 6M
- 1.35%
- 1Y
- 4.02%
- 3Y*
- -6.88%
- 5Y*
- -11.20%
- 10Y*
- —
BBSB vs. GOVZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF | 0.62% | 5.12% | 4.00% | 2.56% |
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | 3.43% | -1.81% | -16.24% | -4.92% |
Correlation
The correlation between BBSB and GOVZ is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2023 | 0.55 |
The correlation between BBSB and GOVZ has been stable across timeframes, ranging from 0.54 to 0.55 - 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
BBSB vs. GOVZ — Risk / Return Rank
BBSB
GOVZ
BBSB vs. GOVZ - 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 25+ Year Treasury STRIPS Bond ETF (GOVZ). 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 | GOVZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.13 | ||
| Sortino ratioReturn per unit of downside risk | +3.48 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.05 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 0.28 | +3.26 |
| Martin ratioReturn relative to average drawdown | 14.15 | 0.62 | +13.53 |
Loading charts...
Drawdowns
BBSB vs. GOVZ - Drawdown Comparison
The maximum BBSB drawdown since its inception was -1.57%, smaller than the maximum GOVZ drawdown of -59.65%. Use the drawdown chart below to compare losses from any high point for BBSB and GOVZ.
Loading charts...
Drawdown Indicators
| BBSB | GOVZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.57% | -59.65% | +58.08% |
Max Drawdown (1Y)Largest decline over 1 year | -0.86% | -14.16% | +13.30% |
Max Drawdown (3Y)Largest decline over 3 years | -0.96% | -28.72% | +27.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.63% | — |
Current DrawdownCurrent decline from peak | -0.10% | -54.55% | +54.45% |
Average DrawdownAverage peak-to-trough decline | -0.31% | -40.05% | +39.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 6.52% | -6.31% |
Volatility
BBSB vs. GOVZ - Volatility Comparison
The current volatility for JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) is 0.40%, while iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) has a volatility of 4.06%. This indicates that BBSB experiences smaller price fluctuations and is considered to be less risky than GOVZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BBSB | GOVZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 4.06% | -3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 0.90% | 10.90% | -10.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.27% | 15.85% | -14.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.66% | 23.87% | -22.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.66% | 23.28% | -21.62% |
BBSB vs. GOVZ - Expense Ratio Comparison
BBSB has a 0.04% expense ratio, which is lower than GOVZ's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BBSB vs. GOVZ - Dividend Comparison
BBSB's dividend yield for the trailing twelve months is around 3.80%, less than GOVZ's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF | 3.80% | 3.69% | 4.84% | 3.50% | 0.00% | 0.00% | 0.00% |
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | 4.96% | 5.00% | 4.68% | 3.84% | 3.69% | 1.76% | 0.39% |
Frequently Asked Questions
BBSB and GOVZ have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOVZ has higher volatility (4.06%) compared to BBSB (0.40%). In terms of maximum drawdown, BBSB dropped -1.57% vs GOVZ's -59.65%.
On 3-year performance, BBSB leads with 4.23% vs -6.88% for GOVZ. On fees, BBSB is cheaper at 0.04% per year. On volatility, BBSB has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BBSB has performed better with a 4.23% return vs -6.88%. 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 0.15% for GOVZ.
GOVZ has the higher dividend yield at 4.96%, compared with 3.80% for BBSB.
BBSB tracks ICE U.S. Treasury 1-3 Year Bond Index, while GOVZ tracks ICE BofA Long US Treasury Principal STRIPS Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.04% for BBSB and 0.15% for GOVZ.
BBSB currently has the higher Sharpe Ratio (2.38 vs 0.25), 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.
Find the right allocation for BBSB and GOVZ
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