BBSB vs. VGSH
BBSB (JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF) and VGSH (Vanguard Short-Term Treasury ETF) are both Government Bonds funds - BBSB tracks the ICE U.S. Treasury 1-3 Year Bond Index while VGSH tracks the Bloomberg U.S. Treasury 1-3 Year Index. Both are passively managed. Over the past 3 years, BBSB returned 4.28%/yr vs 4.29%/yr for VGSH. Their 0.95 correlation means they have historically moved very closely together. BBSB charges 0.04%/yr vs 0.03%/yr for VGSH.
Performance
BBSB vs. VGSH - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with BBSB at 0.77% and VGSH at 0.77%.
BBSB
- 1D
- -0.05%
- 1M
- 0.07%
- 6M
- 0.57%
- YTD
- 0.77%
- 1Y
- 2.59%
- 3Y*
- 4.28%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.79%
VGSH
- 1D
- -0.05%
- 1M
- 0.03%
- 6M
- 0.55%
- YTD
- 0.77%
- 1Y
- 2.58%
- 3Y*
- 4.29%
- 5Y*
- 1.87%
- 10Y*
- 1.73%
- ALL TIME*
- 1.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $122.97K | $97.67K | $393.59K | |
| $133.56M | $160.92M | $191.51M |
BBSB vs. VGSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF | 0.77% | 5.12% | 4.00% | 2.56% |
VGSH Vanguard Short-Term Treasury ETF | 0.77% | 5.07% | 4.00% | 2.83% |
Correlation
The correlation between BBSB and VGSH is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2023 | 0.95 |
The correlation between BBSB and VGSH has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
BBSB vs. VGSH — Risk / Return Rank
BBSB
VGSH
BBSB vs. VGSH - 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 Short-Term Treasury ETF (VGSH). 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 | VGSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.49 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 3.51 | +0.11 |
| Martin ratioReturn relative to average drawdown | 14.41 | 13.46 | +0.95 |
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Drawdowns
BBSB vs. VGSH - Drawdown Comparison
The maximum BBSB drawdown since its inception was -1.57%, smaller than the maximum VGSH drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for BBSB and VGSH.
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Drawdown Indicators
| BBSB | VGSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.57% | -5.70% | +4.13% |
Max Drawdown (1Y)Largest decline over 1 year | -0.86% | -0.88% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -0.96% | -0.97% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.70% | — |
Current DrawdownCurrent decline from peak | -0.06% | -0.05% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.30% | -0.59% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.23% | -0.02% |
Volatility
BBSB vs. VGSH - Volatility Comparison
JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) and Vanguard Short-Term Treasury ETF (VGSH) have volatilities of 0.35% and 0.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBSB | VGSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 0.36% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.95% | 1.01% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.28% | 1.32% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.65% | 1.98% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.65% | 1.58% | +0.07% |
BBSB vs. VGSH - Expense Ratio Comparison
BBSB has a 0.04% expense ratio, which is higher than VGSH'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. VGSH - Dividend Comparison
BBSB's dividend yield for the trailing twelve months is around 3.79%, less than VGSH's 3.85% 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 | 3.45% | 3.69% | 4.84% | 3.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGSH Vanguard Short-Term Treasury ETF | 3.50% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
Frequently Asked Questions
With a correlation of 0.94, BBSB and VGSH move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VGSH has higher volatility (0.36%) compared to BBSB (0.35%). In terms of maximum drawdown, BBSB dropped -1.57% vs VGSH's -5.70%.
On 3-year performance, VGSH leads with 4.29% vs 4.28% for BBSB. On fees, VGSH is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VGSH has performed better with a 4.29% return vs 4.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGSH is cheaper with a 0.03% expense ratio, compared with 0.04% for BBSB.
VGSH has the higher dividend yield at 3.50%, compared with 3.45% for BBSB.
BBSB tracks ICE U.S. Treasury 1-3 Year Bond Index, while VGSH tracks Bloomberg U.S. Treasury 1-3 Year Index. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.04% for BBSB and 0.03% for VGSH.
BBSB currently has the higher Sharpe Ratio (2.42 vs 2.35), 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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