BBUS vs. SGOV
BBUS (JP Morgan Betabuilders U.S. Equity ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - BBUS is a Large Cap Growth Equities fund tracking the Morningstar US Target Market Exposure Index, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 5 years, BBUS returned 13.01%/yr vs 3.55%/yr for SGOV. At a correlation of -0.02, they often move in opposite directions. BBUS charges 0.02%/yr vs 0.09%/yr for SGOV.
Performance
BBUS vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, BBUS achieves a 8.45% return, which is significantly higher than SGOV's 1.56% return.
BBUS
- 1D
- 0.23%
- 1M
- 0.44%
- YTD
- 8.45%
- 6M
- 8.40%
- 1Y
- 24.33%
- 3Y*
- 21.53%
- 5Y*
- 13.01%
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.56%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.70%
- 5Y*
- 3.55%
- 10Y*
- —
BBUS vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BBUS JP Morgan Betabuilders U.S. Equity ETF | 8.45% | 17.77% | 24.89% | 27.20% | -19.46% | 27.13% | 26.89% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.56% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
Correlation
The correlation between BBUS and SGOV is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since May 29, 2020 | -0.02 |
The correlation between BBUS and SGOV shifts across timeframes, from -0.15 (1 year) to -0.00 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BBUS vs. SGOV — Risk / Return Rank
BBUS
SGOV
BBUS vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JP Morgan Betabuilders U.S. Equity ETF (BBUS) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
| BBUS | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.26 | ||
| Sortino ratioReturn per unit of downside risk | -272.96 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 195.55 | -194.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 398.20 | -395.54 |
| Martin ratioReturn relative to average drawdown | 12.09 | 4,461.99 | -4,449.90 |
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
| BBUS | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 20.28 | -18.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 14.78 | -14.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 12.50 | -11.68 |
Drawdowns
BBUS vs. SGOV - Drawdown Comparison
The maximum BBUS drawdown since its inception was -35.35%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for BBUS and SGOV.
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Drawdown Indicators
| BBUS | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.35% | -0.03% | -35.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.21% | -0.01% | -9.20% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | -0.01% | -19.00% |
Max Drawdown (5Y)Largest decline over 5 years | -25.46% | -0.03% | -25.43% |
Current DrawdownCurrent decline from peak | -2.68% | 0.00% | -2.68% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -0.00% | -5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 0.00% | +2.02% |
Volatility
BBUS vs. SGOV - Volatility Comparison
JP Morgan Betabuilders U.S. Equity ETF (BBUS) has a higher volatility of 3.78% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that BBUS's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBUS | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 0.06% | +3.72% |
Volatility (6M)Calculated over the trailing 6-month period | 9.37% | 0.13% | +9.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 0.20% | +11.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.07% | 0.24% | +16.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 0.24% | +19.36% |
BBUS vs. SGOV - Expense Ratio Comparison
BBUS has a 0.02% expense ratio, which is lower than SGOV's 0.09% 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
BBUS vs. SGOV - Dividend Comparison
BBUS's dividend yield for the trailing twelve months is around 1.00%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BBUS JP Morgan Betabuilders U.S. Equity ETF | 1.00% | 1.07% | 1.21% | 1.38% | 1.57% | 1.11% | 1.43% | 1.37% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% |
Frequently Asked Questions
BBUS and SGOV have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBUS has higher volatility (3.78%) compared to SGOV (0.06%). In terms of maximum drawdown, BBUS dropped -35.35% vs SGOV's -0.03%.
On 5-year performance, BBUS leads with 13.01% vs 3.55% for SGOV. On fees, BBUS is cheaper at 0.02% per year. On volatility, SGOV has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BBUS has performed better with a 13.01% return vs 3.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBUS is cheaper with a 0.02% expense ratio, compared with 0.09% for SGOV.
SGOV has the higher dividend yield at 3.85%, compared with 1.00% for BBUS.
BBUS is categorized as Large Cap Growth Equities, while SGOV is Ultrashort Bond. BBUS tracks Morningstar US Target Market Exposure Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.02% for BBUS and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 vs 2.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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