BBSB vs. THTA

Last updated Jun 23, 2026

BBSB (JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF) and THTA (SoFi Enhanced Yield ETF) are both exchange-traded funds - BBSB is a Government Bonds fund tracking the ICE U.S. Treasury 1-3 Year Bond Index, while THTA is a Derivative Income fund actively managed by SoFi. BBSB is passively managed, while THTA is actively managed. Over the past year, BBSB returned 3.03% vs 16.78% for THTA. At a correlation of -0.06, they often move in opposite directions. BBSB charges 0.04%/yr vs 0.49%/yr for THTA.

Performance

BBSB vs. THTA - 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 SoFi Enhanced Yield ETF (THTA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBSB achieves a 0.39% return, which is significantly lower than THTA's 7.64% return.

BBSB

• 1D: -0.06%
• 1M: 0.09%
• YTD: 0.39%
• 6M: 0.51%
• 1Y: 3.03%
• 3Y*: 4.17%
• 5Y*: —
• 10Y*: —

THTA

• 1D: 0.32%
• 1M: 0.84%
• YTD: 7.64%
• 6M: 8.23%
• 1Y: 16.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BBSB vs. THTA - 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%	1.51%
THTA SoFi Enhanced Yield ETF	7.64%	-10.24%	7.31%	0.99%

Correlation

The correlation between BBSB and THTA is 0.00, 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	0.00
Correlation (All Time) Calculated using the full available price history since Nov 15, 2023	-0.06

Return for Risk

BBSB vs. THTA — Risk / Return Rank

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

BBSB

BBSB Risk / Return Rank: 80
BBSB Sharpe Ratio Rank: 78
BBSB Sortino Ratio Rank: 90
BBSB Omega Ratio Rank: 84
BBSB Calmar Ratio Rank: 73
BBSB Martin Ratio Rank: 77

THTA

THTA Risk / Return Rank: 94
THTA Sharpe Ratio Rank: 91
THTA Sortino Ratio Rank: 93
THTA Omega Ratio Rank: 96
THTA Calmar Ratio Rank: 93
THTA Martin Ratio Rank: 98

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. THTA - 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 SoFi Enhanced Yield ETF (THTA). 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	THTA	Difference
Sharpe ratio: Return per unit of total volatility	2.39	2.95	-0.56
Sortino ratio: Return per unit of downside risk	3.97	4.35	-0.38
Omega ratio: Gain probability vs. loss probability	1.49	1.78	-0.29
Calmar ratio: Return relative to maximum drawdown	3.56	6.39	-2.83
Martin ratio: Return relative to average drawdown	14.24	53.12	-38.88

BBSB vs. THTA - Sharpe Ratio Comparison

The current BBSB Sharpe Ratio is 2.39, which is comparable to the THTA Sharpe Ratio of 2.95. The chart below compares the historical Sharpe Ratios of BBSB and THTA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BBSB vs. THTA - Drawdown Comparison

The maximum BBSB drawdown since its inception was -1.57%, smaller than the maximum THTA drawdown of -31.41%. Use the drawdown chart below to compare losses from any high point for BBSB and THTA.

Drawdown Indicators

	BBSB	THTA	Difference
Max Drawdown Largest peak-to-trough decline	-1.57%	-31.41%	+29.84%
Max Drawdown (1Y) Largest decline over 1 year	-0.86%	-2.64%	+1.78%
Max Drawdown (3Y) Largest decline over 3 years	-0.96%	—	—
Current Drawdown Current decline from peak	-0.33%	-6.11%	+5.78%
Average Drawdown Average peak-to-trough decline	-0.31%	-7.49%	+7.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.21%	0.32%	-0.11%

Volatility

BBSB vs. THTA - Volatility Comparison

The current volatility for JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) is 0.41%, while SoFi Enhanced Yield ETF (THTA) has a volatility of 0.95%. This indicates that BBSB experiences smaller price fluctuations and is considered to be less risky than THTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBSB	THTA	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.41%	0.95%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	0.90%	4.07%	-3.17%
Volatility (1Y) Calculated over the trailing 1-year period	1.28%	5.73%	-4.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.66%	20.05%	-18.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.66%	20.05%	-18.39%

BBSB vs. THTA - Expense Ratio Comparison

BBSB has a 0.04% expense ratio, which is lower than THTA's 0.49% expense ratio.

Dividends

BBSB vs. THTA - Dividend Comparison

BBSB's dividend yield for the trailing twelve months is around 3.81%, less than THTA's 11.14% yield.

Position	TTM	2025	2024	2023
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF	3.81%	3.69%	4.84%	3.50%
THTA SoFi Enhanced Yield ETF	11.14%	12.66%	12.44%	0.58%

Frequently Asked Questions

Can I hold both BBSB and THTA in my portfolio?

BBSB and THTA have a correlation of 0.00, 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 THTA?

THTA has higher volatility (0.95%) compared to BBSB (0.41%). In terms of maximum drawdown, BBSB dropped -1.57% vs THTA's -31.41%.

Which ETF is better, BBSB or THTA?

On 1-year performance, THTA leads with 16.78% vs 3.03% for BBSB. 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.

Which ETF has performed better, BBSB or THTA?

Over the 1-year period, THTA has performed better with a 16.78% return vs 3.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBSB or THTA?

BBSB is cheaper with a 0.04% expense ratio, compared with 0.49% for THTA.

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

THTA has the higher dividend yield at 11.14%, compared with 3.81% for BBSB.

What is the main difference between BBSB and THTA?

BBSB is categorized as Government Bonds, while THTA is Derivative Income. They also come from different issuers: JPMorgan and SoFi. Their fees differ too: 0.04% for BBSB and 0.49% for THTA.

Which has better risk-adjusted returns?

THTA currently has the higher Sharpe Ratio (2.95 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.