BBSB vs. VGLT
BBSB (JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF) and VGLT (Vanguard Long-Term Treasury ETF) are both Government Bonds funds - BBSB tracks the ICE U.S. Treasury 1-3 Year Bond Index while VGLT tracks the Bloomberg U.S. Long Treasury Index. Both are passively managed. Over the past 3 years, BBSB returned 4.15%/yr vs -0.59%/yr for VGLT. A 0.67 correlation means they provide meaningful diversification when combined. BBSB charges 0.04%/yr vs 0.03%/yr for VGLT.
Performance
BBSB vs. VGLT - Performance Comparison
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Returns By Period
In the year-to-date period, BBSB achieves a 0.55% return, which is significantly higher than VGLT's -0.17% return.
BBSB
- 1D
- 0.07%
- 1M
- 0.13%
- YTD
- 0.55%
- 6M
- 0.88%
- 1Y
- 3.32%
- 3Y*
- 4.15%
- 5Y*
- —
- 10Y*
- —
VGLT
- 1D
- 0.24%
- 1M
- 0.48%
- YTD
- -0.17%
- 6M
- -0.96%
- 1Y
- 3.91%
- 3Y*
- -0.59%
- 5Y*
- -5.26%
- 10Y*
- -1.06%
BBSB vs. VGLT - 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% |
VGLT Vanguard Long-Term Treasury ETF | -0.17% | 5.35% | -6.28% | -2.55% |
Correlation
The correlation between BBSB and VGLT is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2023 | 0.67 |
The correlation between BBSB and VGLT has been stable across timeframes, ranging from 0.66 to 0.68 - a consistent structural relationship.
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Return for Risk
BBSB vs. VGLT — Risk / Return Rank
BBSB
VGLT
BBSB vs. VGLT - 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 Vanguard Long-Term Treasury ETF (VGLT). 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 | VGLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.19 | ||
| Sortino ratioReturn per unit of downside risk | +3.77 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.08 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 0.56 | +3.33 |
| Martin ratioReturn relative to average drawdown | 16.07 | 1.46 | +14.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BBSB | VGLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.64 | 0.45 | +2.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.36 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.36 | 0.19 | +2.18 |
Drawdowns
BBSB vs. VGLT - Drawdown Comparison
The maximum BBSB drawdown since its inception was -1.57%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for BBSB and VGLT.
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Drawdown Indicators
| BBSB | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.57% | -46.18% | +44.61% |
Max Drawdown (1Y)Largest decline over 1 year | -0.86% | -7.01% | +6.15% |
Max Drawdown (3Y)Largest decline over 3 years | -0.96% | -17.68% | +16.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.18% | — |
Current DrawdownCurrent decline from peak | -0.18% | -36.68% | +36.50% |
Average DrawdownAverage peak-to-trough decline | -0.31% | -15.06% | +14.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 2.69% | -2.48% |
Volatility
BBSB vs. VGLT - Volatility Comparison
The current volatility for JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) is 0.36%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 2.56%. This indicates that BBSB experiences smaller price fluctuations and is considered to be less risky than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBSB | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 2.56% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 0.85% | 5.95% | -5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.27% | 8.88% | -7.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.66% | 14.57% | -12.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.66% | 13.81% | -12.15% |
BBSB vs. VGLT - Expense Ratio Comparison
BBSB has a 0.04% expense ratio, which is higher than VGLT's 0.03% expense ratio. However, 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. VGLT - Dividend Comparison
BBSB's dividend yield for the trailing twelve months is around 3.81%, less than VGLT's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGLT Vanguard Long-Term Treasury ETF | 4.60% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
Frequently Asked Questions
BBSB and VGLT have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGLT has higher volatility (2.56%) compared to BBSB (0.36%). In terms of maximum drawdown, BBSB dropped -1.57% vs VGLT's -46.18%.
On 3-year performance, BBSB leads with 4.15% vs -0.59% for VGLT. On fees, VGLT is cheaper at 0.03% 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.
Over the 3-year period, BBSB has performed better with a 4.15% return vs -0.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGLT is cheaper with a 0.03% expense ratio, compared with 0.04% for BBSB.
VGLT has the higher dividend yield at 4.60%, compared with 3.81% for BBSB.
BBSB tracks ICE U.S. Treasury 1-3 Year Bond Index, while VGLT tracks Bloomberg U.S. Long Treasury Index. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.04% for BBSB and 0.03% for VGLT.
BBSB currently has the higher Sharpe Ratio (2.64 vs 0.45), 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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