BBSB vs. SGOV
BBSB (JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - BBSB is a Government Bonds fund tracking the ICE U.S. Treasury 1-3 Year Bond Index, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 3 years, BBSB returned 4.17%/yr vs 4.68%/yr for SGOV. At a 0.06 correlation, their price movements are largely independent. BBSB charges 0.04%/yr vs 0.09%/yr for SGOV.
Performance
BBSB vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, BBSB achieves a 0.39% return, which is significantly lower than SGOV's 1.70% return.
BBSB
- 1D
- -0.06%
- 1M
- 0.09%
- YTD
- 0.39%
- 6M
- 0.51%
- 1Y
- 3.03%
- 3Y*
- 4.17%
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.27%
- YTD
- 1.70%
- 6M
- 1.80%
- 1Y
- 3.93%
- 3Y*
- 4.68%
- 5Y*
- 3.58%
- 10Y*
- —
BBSB vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF | 0.39% | 5.12% | 4.00% | 2.56% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.70% | 4.24% | 5.27% | 3.70% |
Correlation
The correlation between BBSB and SGOV is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2023 | 0.06 |
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Return for Risk
BBSB vs. SGOV — Risk / Return Rank
BBSB
SGOV
BBSB vs. SGOV - 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 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.99 | ||
| Sortino ratioReturn per unit of downside risk | -270.30 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 194.55 | -193.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 396.11 | -392.55 |
| Martin ratioReturn relative to average drawdown | 14.24 | 4,438.60 | -4,424.35 |
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Drawdowns
BBSB vs. SGOV - Drawdown Comparison
The maximum BBSB drawdown since its inception was -1.57%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for BBSB and SGOV.
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Drawdown Indicators
| BBSB | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.57% | -0.03% | -1.54% |
Max Drawdown (1Y)Largest decline over 1 year | -0.86% | -0.01% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -0.96% | -0.01% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.03% | — |
Current DrawdownCurrent decline from peak | -0.33% | 0.00% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -0.31% | -0.00% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.00% | +0.21% |
Volatility
BBSB vs. SGOV - Volatility Comparison
JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) has a higher volatility of 0.41% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that BBSB's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBSB | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 0.06% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 0.90% | 0.13% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.28% | 0.19% | +1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.66% | 0.24% | +1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.66% | 0.24% | +1.42% |
BBSB vs. SGOV - Expense Ratio Comparison
BBSB has a 0.04% expense ratio, which is lower than SGOV's 0.09% 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. SGOV - Dividend Comparison
BBSB's dividend yield for the trailing twelve months is around 3.81%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF | 3.81% | 3.69% | 4.84% | 3.50% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
BBSB and SGOV have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBSB has higher volatility (0.41%) compared to SGOV (0.06%). In terms of maximum drawdown, BBSB dropped -1.57% vs SGOV's -0.03%.
On 3-year performance, SGOV leads with 4.68% vs 4.17% for BBSB. On fees, BBSB is cheaper at 0.04% per year. On volatility, SGOV has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SGOV has performed better with a 4.68% return vs 4.17%. 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 0.09% for SGOV.
SGOV has the higher dividend yield at 3.85%, compared with 3.81% for BBSB.
BBSB is categorized as Government Bonds, while SGOV is Ultrashort Bond. BBSB tracks ICE U.S. Treasury 1-3 Year Bond Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.04% for BBSB and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.38 vs 2.39), 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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