BBTR.L vs. JPGL.L
BBTR.L (JPM BetaBuilders US Treasury Bond UCITS ETF - USD (acc)) and JPGL.L (JPM Global Equity Multi-Factor UCITS ETF USD Acc) are both exchange-traded funds - BBTR.L is a Government Bonds fund tracking the J.P. Morgan Government Bond Index United States, while JPGL.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, BBTR.L returned -0.89%/yr vs 9.69%/yr for JPGL.L. At a 0.00 correlation, their price movements are largely independent. BBTR.L charges 0.07%/yr vs 0.19%/yr for JPGL.L.
Performance
BBTR.L vs. JPGL.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 JPGL.L's 11.94% 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*
- —
JPGL.L
- 1D
- -0.15%
- 1M
- 0.02%
- 6M
- 9.52%
- YTD
- 11.94%
- 1Y
- 21.47%
- 3Y*
- 15.39%
- 5Y*
- 9.69%
- 10Y*
- —
BBTR.L vs. JPGL.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% | 1.95% |
JPGL.L JPM Global Equity Multi-Factor UCITS ETF USD Acc | 11.94% | 18.24% | 10.32% | 13.28% | -10.20% | 23.30% | 6.18% | 6.61% |
Correlation
The correlation between BBTR.L and JPGL.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2019 | 0.00 |
Over the past year, BBTR.L and JPGL.L have become more correlated (0.39) than their long-term average of 0.00, meaning their price movements have been converging.
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Return for Risk
BBTR.L vs. JPGL.L — Risk / Return Rank
BBTR.L
JPGL.L
BBTR.L vs. JPGL.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 JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.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 | JPGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.39 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 3.38 | -2.34 |
| Martin ratioReturn relative to average drawdown | 2.86 | 12.44 | -9.58 |
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Drawdowns
BBTR.L vs. JPGL.L - Drawdown Comparison
The maximum BBTR.L drawdown since its inception was -20.19%, smaller than the maximum JPGL.L drawdown of -35.87%. Use the drawdown chart below to compare losses from any high point for BBTR.L and JPGL.L.
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Drawdown Indicators
| BBTR.L | JPGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.19% | -35.87% | +15.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -6.32% | +3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -5.66% | -12.45% | +6.79% |
Max Drawdown (5Y)Largest decline over 5 years | -17.54% | -21.04% | +3.50% |
Current DrawdownCurrent decline from peak | -8.35% | -0.84% | -7.51% |
Average DrawdownAverage peak-to-trough decline | -8.97% | -4.43% | -4.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 1.72% | -0.57% |
Volatility
BBTR.L vs. JPGL.L - Volatility Comparison
The current volatility for JPM BetaBuilders US Treasury Bond UCITS ETF - USD (acc) (BBTR.L) is 1.00%, while JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.L) has a volatility of 2.99%. This indicates that BBTR.L experiences smaller price fluctuations and is considered to be less risky than JPGL.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 | JPGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 2.99% | -1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 7.85% | -5.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 9.98% | -6.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.87% | 13.44% | -7.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.90% | 16.03% | -10.13% |
BBTR.L vs. JPGL.L - Expense Ratio Comparison
BBTR.L has a 0.07% expense ratio, which is lower than JPGL.L's 0.19% expense ratio. Despite the difference, 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.L vs. JPGL.L - Dividend Comparison
Neither BBTR.L nor JPGL.L has paid dividends to shareholders.
Frequently Asked Questions
BBTR.L and JPGL.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BBTR.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBTR.L is cheaper with a 0.07% expense ratio, compared with 0.19% for JPGL.L.
BBTR.L is categorized as Government Bonds, while JPGL.L is Global Equities. BBTR.L tracks J.P. Morgan Government Bond Index United States, while JPGL.L tracks MSCI ACWI NR USD. Their fees differ too: 0.07% for BBTR.L and 0.19% for JPGL.L.
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