IBTE.L vs. BBIL.L
IBTE.L (iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc)) and BBIL.L (JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc) are both Short-Term Bond funds - IBTE.L tracks the ICE U.S. Treasury 1-3 Year Bond Index while BBIL.L tracks the ICE BofA 0-1Y US Treasury TR USD. Both are passively managed. Over the past 5 years, IBTE.L returned 0.05%/yr vs 4.09%/yr for BBIL.L. At a correlation of -0.16, they often move in opposite directions. Both charge a 0.10% expense ratio.
Performance
IBTE.L vs. BBIL.L - Performance Comparison
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Different Trading Currencies
IBTE.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, IBTE.L achieves a -0.20% return, which is significantly lower than BBIL.L's 4.58% return.
IBTE.L
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- -0.20%
- 1Y
- 1.20%
- 3Y*
- 2.34%
- 5Y*
- 0.05%
- 10Y*
- —
BBIL.L
- 1D
- 0.02%
- 1M
- 0.80%
- 6M
- 3.13%
- YTD
- 4.58%
- 1Y
- 5.23%
- 3Y*
- 3.96%
- 5Y*
- 4.09%
- 10Y*
- —
IBTE.L vs. BBIL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBTE.L iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc) | -0.20% | 3.04% | 2.49% | 1.87% | -5.75% | -1.46% | 1.84% | -0.14% |
BBIL.L JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc | 4.58% | -8.07% | 12.10% | 1.76% | 7.34% | 7.45% | -7.55% | 0.94% |
Correlation
The correlation between IBTE.L and BBIL.L is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2019 | -0.16 |
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Return for Risk
IBTE.L vs. BBIL.L — Risk / Return Rank
IBTE.L
BBIL.L
IBTE.L vs. BBIL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc) (IBTE.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.
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.
| IBTE.L | BBIL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.15 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.36 | -0.15 |
| Martin ratioReturn relative to average drawdown | 3.01 | 3.47 | -0.45 |
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Drawdowns
IBTE.L vs. BBIL.L - Drawdown Comparison
The maximum IBTE.L drawdown since its inception was -8.51%, smaller than the maximum BBIL.L drawdown of -13.51%. Use the drawdown chart below to compare losses from any high point for IBTE.L and BBIL.L.
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Drawdown Indicators
| IBTE.L | BBIL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.51% | -13.51% | +5.00% |
Max Drawdown (1Y)Largest decline over 1 year | -0.98% | -3.82% | +2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -1.03% | -11.54% | +10.51% |
Max Drawdown (5Y)Largest decline over 5 years | -7.66% | -11.80% | +4.14% |
Current DrawdownCurrent decline from peak | -0.84% | -5.07% | +4.23% |
Average DrawdownAverage peak-to-trough decline | -2.71% | -6.18% | +3.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 1.50% | -1.10% |
Volatility
IBTE.L vs. BBIL.L - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc) (IBTE.L) is 0.45%, while JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc (BBIL.L) has a volatility of 1.17%. This indicates that IBTE.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.
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Volatility by Period
| IBTE.L | BBIL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.45% | 1.17% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 1.37% | 4.45% | -3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.74% | 6.15% | -4.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.28% | 7.59% | -5.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.97% | 7.41% | -5.44% |
IBTE.L vs. BBIL.L - Expense Ratio Comparison
Both IBTE.L and BBIL.L have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IBTE.L vs. BBIL.L - Dividend Comparison
Neither IBTE.L nor BBIL.L has paid dividends to shareholders.
Frequently Asked Questions
IBTE.L and BBIL.L have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBTE.L and BBIL.L have the same expense ratio: 0.10% per year.
IBTE.L tracks ICE U.S. Treasury 1-3 Year Bond Index, while BBIL.L tracks ICE BofA 0-1Y US Treasury TR USD. They also come from different issuers: iShares and J.P. Morgan.
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