BBTP.L vs. VDST.L
BBTP.L (JPM BetaBuilders US Treasury Bond UCITS ETF - GBP Hedged (acc)) and VDST.L (Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating) are both Government Bonds funds - BBTP.L tracks the J.P. Morgan Government Bond Index United States while VDST.L tracks the Bloomberg Short Treasury Index. Both are passively managed. Over the past 5 years, BBTP.L returned -1.35%/yr vs 3.80%/yr for VDST.L. At a correlation of -0.16, they often move in opposite directions. BBTP.L charges 0.10%/yr vs 0.05%/yr for VDST.L.
Performance
BBTP.L vs. VDST.L - Performance Comparison
Loading charts...
Different Trading Currencies
BBTP.L is traded in GBP, while VDST.L is traded in USD. To make them comparable, the VDST.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, BBTP.L achieves a -0.46% return, which is significantly lower than VDST.L's 1.42% return.
BBTP.L
- 1D
- 0.03%
- 1M
- -0.23%
- 6M
- -0.43%
- YTD
- -0.46%
- 1Y
- 3.47%
- 3Y*
- 2.50%
- 5Y*
- -1.35%
- 10Y*
- —
VDST.L
- 1D
- -1.00%
- 1M
- -0.57%
- 6M
- 1.08%
- YTD
- 1.42%
- 1Y
- 2.79%
- 3Y*
- 3.49%
- 5Y*
- 3.80%
- 10Y*
- —
BBTP.L vs. VDST.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BBTP.L JPM BetaBuilders US Treasury Bond UCITS ETF - GBP Hedged (acc) | -0.46% | 6.15% | 0.32% | 2.77% | -13.62% | -2.62% | -0.90% |
VDST.L Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating | 1.42% | -3.16% | 7.08% | -0.27% | 12.98% | 0.94% | -2.24% |
Correlation
The correlation between BBTP.L and VDST.L is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2020 | -0.16 |
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
BBTP.L vs. VDST.L — Risk / Return Rank
BBTP.L
VDST.L
BBTP.L vs. VDST.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM BetaBuilders US Treasury Bond UCITS ETF - GBP Hedged (acc) (BBTP.L) and Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating (VDST.L). 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.
| BBTP.L | VDST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.08 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 0.54 | +0.55 |
| Martin ratioReturn relative to average drawdown | 2.96 | 1.47 | +1.49 |
Loading charts...
Drawdowns
BBTP.L vs. VDST.L - Drawdown Comparison
The maximum BBTP.L drawdown since its inception was -21.54%, which is greater than VDST.L's maximum drawdown of -15.91%. Use the drawdown chart below to compare losses from any high point for BBTP.L and VDST.L.
Loading charts...
Drawdown Indicators
| BBTP.L | VDST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.54% | -15.91% | -5.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -5.13% | +1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -5.74% | -9.85% | +4.11% |
Max Drawdown (5Y)Largest decline over 5 years | -18.82% | -15.91% | -2.91% |
Current DrawdownCurrent decline from peak | -10.51% | -6.51% | -4.00% |
Average DrawdownAverage peak-to-trough decline | -9.98% | -7.56% | -2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.89% | -0.72% |
Volatility
BBTP.L vs. VDST.L - Volatility Comparison
The current volatility for JPM BetaBuilders US Treasury Bond UCITS ETF - GBP Hedged (acc) (BBTP.L) is 1.00%, while Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating (VDST.L) has a volatility of 2.02%. This indicates that BBTP.L experiences smaller price fluctuations and is considered to be less risky than VDST.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BBTP.L | VDST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 2.02% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 5.06% | -2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.74% | 6.54% | -2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.88% | 8.45% | -2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.63% | 8.32% | -2.69% |
BBTP.L vs. VDST.L - Expense Ratio Comparison
BBTP.L has a 0.10% expense ratio, which is higher than VDST.L's 0.05% 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
BBTP.L vs. VDST.L - Dividend Comparison
Neither BBTP.L nor VDST.L has paid dividends to shareholders.
Frequently Asked Questions
BBTP.L and VDST.L have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDST.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDST.L is cheaper with a 0.05% expense ratio, compared with 0.10% for BBTP.L.
BBTP.L tracks J.P. Morgan Government Bond Index United States, while VDST.L tracks Bloomberg Short Treasury Index. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.10% for BBTP.L and 0.05% for VDST.L.
Find the right allocation for BBTP.L and VDST.L
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