BBTR.DE vs. VGTY.DE
BBTR.DE (JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc)) and VGTY.DE (Vanguard USD Treasury Bond UCITS ETF Distributing) are both Government Bonds funds - BBTR.DE tracks the J.P. Morgan Government Bond US Index while VGTY.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 5 years, BBTR.DE returned 0.35%/yr vs 0.20%/yr for VGTY.DE. Their correlation of 0.88 suggests significant overlap in exposure. BBTR.DE charges 0.07%/yr vs 0.05%/yr for VGTY.DE.
Performance
BBTR.DE vs. VGTY.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 higher than VGTY.DE's 0.80% 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*
- —
VGTY.DE
- 1D
- 0.08%
- 1M
- 0.80%
- YTD
- 0.80%
- 6M
- 0.01%
- 1Y
- 1.34%
- 3Y*
- -0.33%
- 5Y*
- 0.20%
- 10Y*
- —
BBTR.DE vs. VGTY.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% | 7.39% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 0.80% | -5.99% | 6.16% | 0.04% | -6.98% | 5.64% | -2.09% | 4.62% |
Correlation
The correlation between BBTR.DE and VGTY.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 (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since May 7, 2019 | 0.88 |
The correlation between BBTR.DE and VGTY.DE shifts across timeframes, from 0.88 (all time) to 0.99 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BBTR.DE vs. VGTY.DE — Risk / Return Rank
BBTR.DE
VGTY.DE
BBTR.DE vs. VGTY.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 Distributing (VGTY.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 | VGTY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.04 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 0.25 | +0.16 |
| Martin ratioReturn relative to average drawdown | 1.02 | 0.62 | +0.40 |
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 | VGTY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 0.19 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.02 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.13 | -0.08 |
Drawdowns
BBTR.DE vs. VGTY.DE - Drawdown Comparison
The maximum BBTR.DE drawdown since its inception was -17.63%, roughly equal to the maximum VGTY.DE drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for BBTR.DE and VGTY.DE.
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Drawdown Indicators
| BBTR.DE | VGTY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.63% | -17.97% | +0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -4.08% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -11.14% | -11.23% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -13.20% | -13.16% | -0.04% |
Current DrawdownCurrent decline from peak | -13.35% | -14.45% | +1.10% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -9.48% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.67% | -0.04% |
Volatility
BBTR.DE vs. VGTY.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 Distributing (VGTY.DE) at 0.85%. This indicates that BBTR.DE's price experiences larger fluctuations and is considered to be riskier than VGTY.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 | VGTY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.85% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 3.73% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.52% | 5.44% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.19% | 7.99% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.07% | 7.63% | +0.44% |
BBTR.DE vs. VGTY.DE - Expense Ratio Comparison
BBTR.DE has a 0.07% expense ratio, which is higher than VGTY.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. VGTY.DE - Dividend Comparison
BBTR.DE has not paid dividends to shareholders, while VGTY.DE's dividend yield for the trailing twelve months is around 3.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BBTR.DE JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 3.65% | 3.99% | 3.65% | 3.21% | 2.05% | 0.99% | 1.48% | 2.10% | 1.94% | 0.26% |
Frequently Asked Questions
With a correlation of 0.99, BBTR.DE and VGTY.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, VGTY.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGTY.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 VGTY.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 VGTY.DE.
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