BBTR.DE vs. BBLL.DE
BBTR.DE (JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc)) and BBLL.DE (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) are both Government Bonds funds from JPMorgan - BBTR.DE tracks the J.P. Morgan Government Bond US Index while BBLL.DE tracks the ICE US Treasury 0-1 Year Index. Both are passively managed. Over the past 5 years, BBTR.DE returned 0.35%/yr vs 4.31%/yr for BBLL.DE. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.07% expense ratio.
Performance
BBTR.DE vs. BBLL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BBTR.DE achieves a 1.03% return, which is significantly lower than BBLL.DE's 2.66% return.
BBTR.DE
- 1D
- 0.12%
- 1M
- 0.84%
- YTD
- 1.03%
- 6M
- 0.24%
- 1Y
- 1.98%
- 3Y*
- -0.04%
- 5Y*
- 0.35%
- 10Y*
- —
BBLL.DE
- 1D
- -0.11%
- 1M
- 1.43%
- YTD
- 2.66%
- 6M
- 1.86%
- 1Y
- 2.34%
- 3Y*
- 1.85%
- 5Y*
- 4.31%
- 10Y*
- —
BBTR.DE vs. BBLL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BBTR.DE JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) | 1.03% | -5.45% | 6.15% | 0.23% | -7.48% | 5.70% | -3.71% | 4.98% |
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 2.66% | -7.37% | 11.29% | 1.32% | 7.29% | 8.35% | -8.23% | 1.14% |
Correlation
The correlation between BBTR.DE and BBLL.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.62 |
The correlation between BBTR.DE and BBLL.DE shifts across timeframes, from 0.62 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BBTR.DE vs. BBLL.DE — Risk / Return Rank
BBTR.DE
BBLL.DE
BBTR.DE vs. BBLL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) (BBTR.DE) and JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE). 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.
| BBTR.DE | BBLL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.06 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 0.62 | -0.21 |
| Martin ratioReturn relative to average drawdown | 1.02 | 1.30 | -0.28 |
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
| BBTR.DE | BBLL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 0.34 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.57 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.29 | -0.25 |
Drawdowns
BBTR.DE vs. BBLL.DE - Drawdown Comparison
The maximum BBTR.DE drawdown since its inception was -17.63%, which is greater than BBLL.DE's maximum drawdown of -13.03%. Use the drawdown chart below to compare losses from any high point for BBTR.DE and BBLL.DE.
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Drawdown Indicators
| BBTR.DE | BBLL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.63% | -13.03% | -4.60% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -3.38% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -11.14% | -11.65% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -13.20% | -11.65% | -1.55% |
Current DrawdownCurrent decline from peak | -13.35% | -7.22% | -6.13% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -6.14% | -4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.61% | +0.02% |
Volatility
BBTR.DE vs. BBLL.DE - Volatility Comparison
The current volatility for JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) (BBTR.DE) is 0.94%, while JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) has a volatility of 1.28%. This indicates that BBTR.DE experiences smaller price fluctuations and is considered to be less risky than BBLL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBTR.DE | BBLL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 1.28% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 4.12% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.52% | 6.07% | -0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.19% | 7.46% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.07% | 7.22% | +0.85% |
BBTR.DE vs. BBLL.DE - Expense Ratio Comparison
Both BBTR.DE and BBLL.DE have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
BBTR.DE vs. BBLL.DE - Dividend Comparison
Neither BBTR.DE nor BBLL.DE has paid dividends to shareholders.
Frequently Asked Questions
BBTR.DE and BBLL.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BBTR.DE and BBLL.DE have the same expense ratio: 0.07% per year.
BBTR.DE tracks J.P. Morgan Government Bond US Index, while BBLL.DE tracks ICE US Treasury 0-1 Year Index.
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