BDBT vs. BLST

Last updated Jun 24, 2026

BDBT (Bluemonte Core Bond ETF) and BLST (Bluemonte Short Term Bond ETF) are both exchange-traded funds - BDBT is a Intermediate Core Bond fund managed by Bluemonte, while BLST is a Short-Term Bond fund managed by Bluemonte. Over the past year, BDBT returned 3.98% vs 3.24% for BLST. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.23% expense ratio.

Performance

BDBT vs. BLST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bluemonte Core Bond ETF (BDBT) and Bluemonte Short Term Bond ETF (BLST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BDBT achieves a 0.29% return, which is significantly lower than BLST's 0.35% return.

BDBT

• 1D: 0.08%
• 1M: 0.60%
• YTD: 0.29%
• 6M: 0.44%
• 1Y: 3.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLST

• 1D: 0.08%
• 1M: 0.35%
• YTD: 0.35%
• 6M: 0.52%
• 1Y: 3.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BDBT vs. BLST - Yearly Performance Comparison

	2026 (YTD)	2025
BDBT Bluemonte Core Bond ETF	0.29%	3.70%
BLST Bluemonte Short Term Bond ETF	0.35%	2.68%

Correlation

The correlation between BDBT and BLST is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jun 23, 2025	0.93

The correlation between BDBT and BLST has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.

Return for Risk

BDBT vs. BLST — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BDBT

BDBT Risk / Return Rank: 30
BDBT Sharpe Ratio Rank: 31
BDBT Sortino Ratio Rank: 31
BDBT Omega Ratio Rank: 28
BDBT Calmar Ratio Rank: 30
BDBT Martin Ratio Rank: 30

BLST

BLST Risk / Return Rank: 44
BLST Sharpe Ratio Rank: 45
BLST Sortino Ratio Rank: 49
BLST Omega Ratio Rank: 43
BLST Calmar Ratio Rank: 42
BLST Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BDBT vs. BLST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bluemonte Core Bond ETF (BDBT) and Bluemonte Short Term Bond ETF (BLST). 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.

	BDBT	BLST	Difference
Sharpe ratio: Return per unit of total volatility	1.03	1.45	-0.41
Sortino ratio: Return per unit of downside risk	1.54	2.19	-0.65
Omega ratio: Gain probability vs. loss probability	1.18	1.26	-0.08
Calmar ratio: Return relative to maximum drawdown	1.39	1.92	-0.54
Martin ratio: Return relative to average drawdown	3.94	5.89	-1.95

BDBT vs. BLST - Sharpe Ratio Comparison

The current BDBT Sharpe Ratio is 1.03, which is comparable to the BLST Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of BDBT and BLST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BDBT vs. BLST - Drawdown Comparison

The maximum BDBT drawdown since its inception was -2.88%, which is greater than BLST's maximum drawdown of -1.69%. Use the drawdown chart below to compare losses from any high point for BDBT and BLST.

Drawdown Indicators

	BDBT	BLST	Difference
Max Drawdown Largest peak-to-trough decline	-2.88%	-1.69%	-1.19%
Max Drawdown (1Y) Largest decline over 1 year	-2.88%	-1.69%	-1.19%
Current Drawdown Current decline from peak	-1.51%	-0.82%	-0.69%
Average Drawdown Average peak-to-trough decline	-0.75%	-0.37%	-0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	0.55%	+0.46%

Volatility

BDBT vs. BLST - Volatility Comparison

Bluemonte Core Bond ETF (BDBT) has a higher volatility of 1.13% compared to Bluemonte Short Term Bond ETF (BLST) at 0.73%. This indicates that BDBT's price experiences larger fluctuations and is considered to be riskier than BLST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BDBT	BLST	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.13%	0.73%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	2.89%	1.69%	+1.20%
Volatility (1Y) Calculated over the trailing 1-year period	3.86%	2.25%	+1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.86%	2.25%	+1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.86%	2.25%	+1.61%

BDBT vs. BLST - Expense Ratio Comparison

Both BDBT and BLST have an expense ratio of 0.23%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

BDBT vs. BLST - Dividend Comparison

BDBT's dividend yield for the trailing twelve months is around 3.52%, more than BLST's 3.38% yield.

Position	TTM	2025
BDBT Bluemonte Core Bond ETF	3.52%	2.21%
BLST Bluemonte Short Term Bond ETF	3.38%	2.11%

Frequently Asked Questions

Can I hold both BDBT and BLST in my portfolio?

With a correlation of 0.93, BDBT and BLST 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.

Which is riskier, BDBT or BLST?

BDBT has higher volatility (1.13%) compared to BLST (0.73%). In terms of maximum drawdown, BDBT dropped -2.88% vs BLST's -1.69%.

Which ETF is better, BDBT or BLST?

On 1-year performance, BDBT leads with 3.98% vs 3.24% for BLST. Both ETFs have the same 0.23% expense ratio. On volatility, BLST has been the lower-risk option at 0.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BDBT or BLST?

Over the 1-year period, BDBT has performed better with a 3.98% return vs 3.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BDBT or BLST?

BDBT and BLST have the same expense ratio: 0.23% per year.

Which ETF pays a higher dividend yield, BDBT or BLST?

BDBT has the higher dividend yield at 3.52%, compared with 3.38% for BLST.

What is the main difference between BDBT and BLST?

BDBT is categorized as Intermediate Core Bond, while BLST is Short-Term Bond.

Which has better risk-adjusted returns?

BLST currently has the higher Sharpe Ratio (1.45 vs 1.03), 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.