BLV vs. BBLB
BLV (Vanguard Long-Term Bond ETF) and BBLB (JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF) are both exchange-traded funds - BLV is a Long-Term Bond fund tracking the Bloomberg U.S. Long Government/Credit Float Adjusted Index, while BBLB is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 3 years, BLV returned 2.08%/yr vs -1.04%/yr for BBLB. Their 0.98 correlation means they have historically moved very closely together. BLV charges 0.03%/yr vs 0.04%/yr for BBLB.
Performance
BLV vs. BBLB - Performance Comparison
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Returns By Period
In the year-to-date period, BLV achieves a -2.38% return, which is significantly higher than BBLB's -3.22% return.
BLV
- 1D
- 0.44%
- 1M
- -3.14%
- 6M
- -2.34%
- YTD
- -2.38%
- 1Y
- -0.29%
- 3Y*
- 2.08%
- 5Y*
- -5.11%
- 10Y*
- 0.32%
- ALL TIME*
- 4.05%
BBLB
- 1D
- 0.47%
- 1M
- -3.56%
- 6M
- -2.82%
- YTD
- -3.22%
- 1Y
- -1.99%
- 3Y*
- -1.04%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -3.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.30K | $43.33K | $64.10K | |
| $51.99M | $52.76M | $45.16M |
BLV vs. BBLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BLV Vanguard Long-Term Bond ETF | -2.38% | 6.44% | -3.65% | 2.17% |
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | -3.22% | 4.26% | -7.84% | -2.80% |
Correlation
The correlation between BLV and BBLB is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2023 | 0.98 |
The correlation between BLV and BBLB has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
BLV vs. BBLB — Risk / Return Rank
BLV
BBLB
BLV vs. BBLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Bond ETF (BLV) and JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB). 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.
| BLV | BBLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.97 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | -0.26 | +0.21 |
| Martin ratioReturn relative to average drawdown | -0.11 | -0.56 | +0.45 |
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Drawdowns
BLV vs. BBLB - Drawdown Comparison
The maximum BLV drawdown since its inception was -38.29%, which is greater than BBLB's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for BLV and BBLB.
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Drawdown Indicators
| BLV | BBLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.29% | -21.06% | -17.23% |
Max Drawdown (1Y)Largest decline over 1 year | -5.92% | -7.76% | +1.84% |
Max Drawdown (3Y)Largest decline over 3 years | -11.70% | -14.67% | +2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -36.27% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.29% | — | — |
Current DrawdownCurrent decline from peak | -26.16% | -11.55% | -14.61% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -8.94% | -0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 3.55% | -0.89% |
Volatility
BLV vs. BBLB - Volatility Comparison
The current volatility for Vanguard Long-Term Bond ETF (BLV) is 2.19%, while JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) has a volatility of 2.52%. This indicates that BLV experiences smaller price fluctuations and is considered to be less risky than BBLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLV | BBLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 2.52% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 5.97% | 6.92% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.77% | 9.25% | -1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.91% | 13.63% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.95% | 13.63% | -1.68% |
BLV vs. BBLB - Expense Ratio Comparison
BLV has a 0.03% expense ratio, which is lower than BBLB's 0.04% 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
BLV vs. BBLB - Dividend Comparison
BLV's dividend yield for the trailing twelve months is around 4.97%, which matches BBLB's 5.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | 5.02% | 5.03% | 5.34% | 2.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BLV Vanguard Long-Term Bond ETF | 4.97% | 4.67% | 5.09% | 4.06% | 4.17% | 3.37% | 6.12% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% |
Frequently Asked Questions
With a correlation of 0.97, BLV and BBLB 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.
BBLB has higher volatility (2.52%) compared to BLV (2.19%). In terms of maximum drawdown, BLV dropped -38.29% vs BBLB's -21.06%.
On 3-year performance, BLV leads with 2.08% vs -1.04% for BBLB. On fees, BLV is cheaper at 0.03% per year. On volatility, BLV has been the lower-risk option at 2.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BLV has performed better with a 2.08% return vs -1.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BLV is cheaper with a 0.03% expense ratio, compared with 0.04% for BBLB.
BBLB has the higher dividend yield at 5.02%, compared with 4.97% for BLV.
BLV is categorized as Long-Term Bond, while BBLB is Government Bonds. BLV tracks Bloomberg U.S. Long Government/Credit Float Adjusted Index, while BBLB tracks ICE U.S. Treasury 20+ Year Bond Index. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.03% for BLV and 0.04% for BBLB.
BLV currently has the higher Sharpe Ratio (-0.04 vs -0.22), 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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