CBE3.L vs. BBIL.L
CBE3.L (iShares € Govt Bond 1-3yr UCITS ETF EUR (Acc)) and BBIL.L (JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc) are both Short-Term Bond funds - CBE3.L tracks the Bloomberg Euro Government Bond 1-3 Year Index while BBIL.L tracks the ICE BofA 0-1Y US Treasury TR USD. Both are passively managed. Over the past 5 years, CBE3.L returned 0.80%/yr vs 4.22%/yr for BBIL.L. At a correlation of -0.02, they often move in opposite directions. CBE3.L charges 0.20%/yr vs 0.10%/yr for BBIL.L.
Performance
CBE3.L vs. BBIL.L - Performance Comparison
Loading charts...
Different Trading Currencies
CBE3.L is traded in EUR, while BBIL.L is traded in USD. To make them comparable, the BBIL.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CBE3.L achieves a 0.09% return, which is significantly lower than BBIL.L's 2.44% return.
CBE3.L
- 1D
- -0.09%
- 1M
- 0.29%
- YTD
- 0.09%
- 6M
- 0.19%
- 1Y
- 0.83%
- 3Y*
- 2.64%
- 5Y*
- 0.80%
- 10Y*
- 0.36%
BBIL.L
- 1D
- 0.15%
- 1M
- 1.10%
- YTD
- 2.44%
- 6M
- 2.17%
- 1Y
- 1.69%
- 3Y*
- 1.82%
- 5Y*
- 4.22%
- 10Y*
- —
CBE3.L vs. BBIL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CBE3.L iShares € Govt Bond 1-3yr UCITS ETF EUR (Acc) | 0.09% | 2.27% | 3.11% | 3.46% | -4.26% | -0.83% | -0.15% | -0.26% |
BBIL.L JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc | 2.44% | -8.07% | 12.10% | 1.75% | 6.94% | 7.85% | -7.55% | 0.94% |
Correlation
The correlation between CBE3.L and BBIL.L is -0.23, 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 | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | -0.02 |
Over the past year, the inverse relationship between CBE3.L and BBIL.L has strengthened: their correlation has moved from -0.02 to -0.23, meaning they now move in opposite directions more often than their long-term average.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CBE3.L vs. BBIL.L — Risk / Return Rank
CBE3.L
BBIL.L
CBE3.L vs. BBIL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Govt Bond 1-3yr UCITS ETF EUR (Acc) (CBE3.L) and JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc (BBIL.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.
| CBE3.L | BBIL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.07 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 0.59 | +0.16 |
| Martin ratioReturn relative to average drawdown | 2.49 | 1.34 | +1.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CBE3.L | BBIL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 0.36 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.56 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.29 | +0.15 |
Drawdowns
CBE3.L vs. BBIL.L - Drawdown Comparison
The maximum CBE3.L drawdown since its inception was -6.12%, smaller than the maximum BBIL.L drawdown of -13.51%. Use the drawdown chart below to compare losses from any high point for CBE3.L and BBIL.L.
Loading charts...
Drawdown Indicators
| CBE3.L | BBIL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.12% | -13.51% | +7.39% |
Max Drawdown (1Y)Largest decline over 1 year | -1.10% | -3.81% | +2.71% |
Max Drawdown (3Y)Largest decline over 3 years | -1.10% | -11.54% | +10.44% |
Max Drawdown (5Y)Largest decline over 5 years | -5.19% | -11.81% | +6.62% |
Max Drawdown (10Y)Largest decline over 10 years | -6.12% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | -7.01% | +6.55% |
Average DrawdownAverage peak-to-trough decline | -1.06% | -6.20% | +5.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 1.68% | -1.35% |
Volatility
CBE3.L vs. BBIL.L - Volatility Comparison
The current volatility for iShares € Govt Bond 1-3yr UCITS ETF EUR (Acc) (CBE3.L) is 0.42%, while JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc (BBIL.L) has a volatility of 1.28%. This indicates that CBE3.L experiences smaller price fluctuations and is considered to be less risky than BBIL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CBE3.L | BBIL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 1.28% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 1.08% | 4.27% | -3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.19% | 6.31% | -5.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.51% | 7.61% | -6.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.28% | 7.48% | -6.20% |
CBE3.L vs. BBIL.L - Expense Ratio Comparison
CBE3.L has a 0.20% expense ratio, which is higher than BBIL.L's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CBE3.L vs. BBIL.L - Dividend Comparison
Neither CBE3.L nor BBIL.L has paid dividends to shareholders.
Frequently Asked Questions
CBE3.L and BBIL.L have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BBIL.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBIL.L is cheaper with a 0.10% expense ratio, compared with 0.20% for CBE3.L.
CBE3.L tracks Bloomberg Euro Government Bond 1-3 Year Index, while BBIL.L tracks ICE BofA 0-1Y US Treasury TR USD. They also come from different issuers: iShares and J.P. Morgan. Their fees differ too: 0.20% for CBE3.L and 0.10% for BBIL.L.
Find the right allocation for CBE3.L and BBIL.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer