BBTR.L vs. IBTU.L
BBTR.L (JPM BetaBuilders US Treasury Bond UCITS ETF - USD (acc)) and IBTU.L (iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both Government Bonds funds - BBTR.L tracks the J.P. Morgan Government Bond Index United States while IBTU.L tracks the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 5 years, BBTR.L returned -0.89%/yr vs 3.46%/yr for IBTU.L. At a 0.04 correlation, their price movements are largely independent. Both charge a 0.07% expense ratio.
Performance
BBTR.L vs. IBTU.L - Performance Comparison
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Returns By Period
In the year-to-date period, BBTR.L achieves a -0.46% return, which is significantly lower than IBTU.L's 1.76% return.
BBTR.L
- 1D
- 0.30%
- 1M
- -0.33%
- 6M
- -0.53%
- YTD
- -0.46%
- 1Y
- 3.52%
- 3Y*
- 2.77%
- 5Y*
- -0.89%
- 10Y*
- —
IBTU.L
- 1D
- 0.00%
- 1M
- 0.40%
- 6M
- 1.76%
- YTD
- 1.76%
- 1Y
- 3.93%
- 3Y*
- 4.63%
- 5Y*
- 3.46%
- 10Y*
- —
BBTR.L vs. IBTU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BBTR.L JPM BetaBuilders US Treasury Bond UCITS ETF - USD (acc) | -0.46% | 6.32% | 0.61% | 3.69% | -12.92% | -2.48% | 8.16% | 5.34% |
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 1.76% | 4.33% | 5.31% | 4.92% | 1.05% | 0.10% | 0.88% | 1.41% |
Correlation
The correlation between BBTR.L and IBTU.L is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 3, 2019 | 0.04 |
The correlation between BBTR.L and IBTU.L shifts across timeframes, from -0.05 (1 year) to 0.06 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BBTR.L vs. IBTU.L — Risk / Return Rank
BBTR.L
IBTU.L
BBTR.L vs. IBTU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM BetaBuilders US Treasury Bond UCITS ETF - USD (acc) (BBTR.L) and iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.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.
| BBTR.L | IBTU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.64 | ||
| Sortino ratioReturn per unit of downside risk | -6.32 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 3.84 | -2.68 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 19.33 | -18.29 |
| Martin ratioReturn relative to average drawdown | 2.86 | 94.97 | -92.11 |
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Drawdowns
BBTR.L vs. IBTU.L - Drawdown Comparison
The maximum BBTR.L drawdown since its inception was -20.19%, which is greater than IBTU.L's maximum drawdown of -0.72%. Use the drawdown chart below to compare losses from any high point for BBTR.L and IBTU.L.
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Drawdown Indicators
| BBTR.L | IBTU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.19% | -0.72% | -19.47% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -0.20% | -2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -5.66% | -0.20% | -5.46% |
Max Drawdown (5Y)Largest decline over 5 years | -17.54% | -0.40% | -17.14% |
Current DrawdownCurrent decline from peak | -8.35% | 0.00% | -8.35% |
Average DrawdownAverage peak-to-trough decline | -8.97% | -0.06% | -8.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 0.04% | +1.11% |
Volatility
BBTR.L vs. IBTU.L - Volatility Comparison
JPM BetaBuilders US Treasury Bond UCITS ETF - USD (acc) (BBTR.L) has a higher volatility of 1.00% compared to iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) at 0.28%. This indicates that BBTR.L's price experiences larger fluctuations and is considered to be riskier than IBTU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBTR.L | IBTU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.28% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 0.77% | +2.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 1.11% | +2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.87% | 1.02% | +4.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.90% | 0.95% | +4.95% |
BBTR.L vs. IBTU.L - Expense Ratio Comparison
Both BBTR.L and IBTU.L 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.L vs. IBTU.L - Dividend Comparison
BBTR.L has not paid dividends to shareholders, while IBTU.L's dividend yield for the trailing twelve months is around 4.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BBTR.L JPM BetaBuilders US Treasury Bond UCITS ETF - USD (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.05% | 4.43% | 6.82% | 3.99% | 0.44% | 0.10% | 1.28% | 1.21% |
Frequently Asked Questions
BBTR.L and IBTU.L have a correlation of -0.05, 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.L and IBTU.L have the same expense ratio: 0.07% per year.
BBTR.L tracks J.P. Morgan Government Bond Index United States, while IBTU.L tracks ICE U.S. Treasury Short Bond Index. They also come from different issuers: JPMorgan and iShares.
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