IBCC.DE vs. BBLL.DE
IBCC.DE (iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist)) and BBLL.DE (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) are both Government Bonds funds - IBCC.DE tracks the ICE US Treasury Short Bond Index while BBLL.DE tracks the ICE US Treasury 0-1 Year Index. Both are passively managed. Over the past 5 years, IBCC.DE returned 4.17%/yr vs 4.14%/yr for BBLL.DE. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.07% expense ratio.
Performance
IBCC.DE vs. BBLL.DE - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with IBCC.DE at 4.60% and BBLL.DE at 4.60%.
IBCC.DE
- 1D
- 0.23%
- 1M
- 1.87%
- 6M
- 4.60%
- YTD
- 4.60%
- 1Y
- 6.83%
- 3Y*
- 3.02%
- 5Y*
- 4.17%
- 10Y*
- —
BBLL.DE
- 1D
- 0.10%
- 1M
- 1.78%
- 6M
- 4.43%
- YTD
- 4.60%
- 1Y
- 6.79%
- 3Y*
- 2.95%
- 5Y*
- 4.14%
- 10Y*
- —
IBCC.DE vs. BBLL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.60% | -7.23% | 11.42% | 1.23% | 7.25% | 8.42% | -8.13% | 1.44% |
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 4.60% | -7.36% | 11.29% | 1.33% | 7.29% | 8.35% | -8.23% | -9.76% |
Correlation
The correlation between IBCC.DE and BBLL.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2019 | 0.96 |
The correlation between IBCC.DE and BBLL.DE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
IBCC.DE vs. BBLL.DE — Risk / Return Rank
IBCC.DE
BBLL.DE
IBCC.DE vs. BBLL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) and JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE). 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.
| IBCC.DE | BBLL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.00 | +0.10 |
| Martin ratioReturn relative to average drawdown | 4.78 | 4.74 | +0.03 |
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Drawdowns
IBCC.DE vs. BBLL.DE - Drawdown Comparison
The maximum IBCC.DE drawdown since its inception was -16.17%, smaller than the maximum BBLL.DE drawdown of -17.24%. Use the drawdown chart below to compare losses from any high point for IBCC.DE and BBLL.DE.
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Drawdown Indicators
| IBCC.DE | BBLL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.17% | -17.24% | +1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -3.38% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -11.59% | -11.65% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -11.69% | -11.65% | -0.04% |
Current DrawdownCurrent decline from peak | -5.33% | -5.47% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -8.30% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.43% | 0.00% |
Volatility
IBCC.DE vs. BBLL.DE - Volatility Comparison
iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) has a higher volatility of 1.88% compared to JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) at 1.69%. This indicates that IBCC.DE's price experiences larger fluctuations and is considered to be riskier than BBLL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCC.DE | BBLL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 1.69% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 4.35% | 4.30% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.23% | 6.06% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 7.45% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.43% | 8.27% | +0.16% |
IBCC.DE vs. BBLL.DE - Expense Ratio Comparison
Both IBCC.DE and BBLL.DE have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IBCC.DE vs. BBLL.DE - Dividend Comparison
IBCC.DE's dividend yield for the trailing twelve months is around 3.99%, while BBLL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 3.99% | 4.63% | 6.49% | 4.14% | 0.47% | 0.09% | 1.39% | 1.22% |
Frequently Asked Questions
With a correlation of 0.95, IBCC.DE and BBLL.DE 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.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBCC.DE and BBLL.DE have the same expense ratio: 0.07% per year.
IBCC.DE tracks ICE US Treasury Short Bond Index, while BBLL.DE tracks ICE US Treasury 0-1 Year Index. They also come from different issuers: iShares and JPMorgan.
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