BBTR.DE vs. VAGT.DE
BBTR.DE (JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc)) and VAGT.DE (Vanguard USD Treasury Bond UCITS ETF Accumulating) are both Government Bonds funds - BBTR.DE tracks the J.P. Morgan Government Bond US Index while VAGT.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 3 years, BBTR.DE returned -0.04%/yr vs 0.08%/yr for VAGT.DE. With a 0.99 correlation, they move nearly in lockstep. BBTR.DE charges 0.07%/yr vs 0.05%/yr for VAGT.DE.
Performance
BBTR.DE vs. VAGT.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BBTR.DE having a 1.03% return and VAGT.DE slightly higher at 1.07%.
BBTR.DE
- 1D
- 0.12%
- 1M
- 0.84%
- YTD
- 1.03%
- 6M
- 0.24%
- 1Y
- 1.98%
- 3Y*
- -0.04%
- 5Y*
- 0.35%
- 10Y*
- —
VAGT.DE
- 1D
- 0.09%
- 1M
- 0.85%
- YTD
- 1.07%
- 6M
- 0.31%
- 1Y
- 1.96%
- 3Y*
- 0.08%
- 5Y*
- —
- 10Y*
- —
BBTR.DE vs. VAGT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBTR.DE JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) | 1.03% | -5.45% | 6.15% | -0.54% |
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 1.07% | -5.48% | 6.40% | -0.45% |
Correlation
The correlation between BBTR.DE and VAGT.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023 | 0.99 |
The correlation between BBTR.DE and VAGT.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
BBTR.DE vs. VAGT.DE — Risk / Return Rank
BBTR.DE
VAGT.DE
BBTR.DE vs. VAGT.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 Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.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 | VAGT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.05 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 0.40 | +0.01 |
| Martin ratioReturn relative to average drawdown | 1.02 | 1.00 | +0.02 |
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 | VAGT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 0.29 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.05 | 0.00 |
Drawdowns
BBTR.DE vs. VAGT.DE - Drawdown Comparison
The maximum BBTR.DE drawdown since its inception was -17.63%, which is greater than VAGT.DE's maximum drawdown of -11.03%. Use the drawdown chart below to compare losses from any high point for BBTR.DE and VAGT.DE.
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Drawdown Indicators
| BBTR.DE | VAGT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.63% | -11.03% | -6.60% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -4.00% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -11.14% | -11.03% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -13.20% | — | — |
Current DrawdownCurrent decline from peak | -13.35% | -7.21% | -6.14% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -5.04% | -5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.61% | +0.02% |
Volatility
BBTR.DE vs. VAGT.DE - Volatility Comparison
JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) (BBTR.DE) has a higher volatility of 0.94% compared to Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) at 0.86%. This indicates that BBTR.DE's price experiences larger fluctuations and is considered to be riskier than VAGT.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 | VAGT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.86% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 3.76% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.52% | 5.49% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.19% | 7.33% | +0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.07% | 7.33% | +0.74% |
BBTR.DE vs. VAGT.DE - Expense Ratio Comparison
BBTR.DE has a 0.07% expense ratio, which is higher than VAGT.DE'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
BBTR.DE vs. VAGT.DE - Dividend Comparison
Neither BBTR.DE nor VAGT.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, BBTR.DE and VAGT.DE 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.
On fees, VAGT.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGT.DE is cheaper with a 0.05% expense ratio, compared with 0.07% for BBTR.DE.
BBTR.DE tracks J.P. Morgan Government Bond US Index, while VAGT.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.07% for BBTR.DE and 0.05% for VAGT.DE.
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