IBTG.L vs. BBIL.L
IBTG.L (iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist)) and BBIL.L (JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc) are both Short-Term Bond funds - IBTG.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, IBTG.L returned 1.57%/yr vs 3.91%/yr for BBIL.L. At a correlation of -0.14, they often move in opposite directions. Both charge a 0.10% expense ratio.
Performance
IBTG.L vs. BBIL.L - Performance Comparison
Loading charts...
Different Trading Currencies
IBTG.L is traded in GBP, while BBIL.L is traded in USD. To make them comparable, the BBIL.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBTG.L achieves a 0.83% return, which is significantly lower than BBIL.L's 1.99% return.
IBTG.L
- 1D
- 0.00%
- 1M
- 0.21%
- 6M
- 1.04%
- YTD
- 0.83%
- 1Y
- 3.25%
- 3Y*
- 4.10%
- 5Y*
- 1.57%
- 10Y*
- —
BBIL.L
- 1D
- 0.15%
- 1M
- -0.98%
- 6M
- 1.11%
- YTD
- 1.99%
- 1Y
- 3.52%
- 3Y*
- 3.52%
- 5Y*
- 3.91%
- 10Y*
- —
IBTG.L vs. BBIL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBTG.L iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist) | 0.83% | 5.08% | 3.75% | 3.65% | -4.56% | -0.82% | 2.70% | 0.42% |
BBIL.L JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc | 1.99% | -3.13% | 6.99% | -0.34% | 13.09% | 0.92% | -2.21% | -5.09% |
Correlation
The correlation between IBTG.L and BBIL.L is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.16 |
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 | -0.14 |
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
IBTG.L vs. BBIL.L — Risk / Return Rank
IBTG.L
BBIL.L
IBTG.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 GBP Hedged (Dist) (IBTG.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.
| IBTG.L | BBIL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.09 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 4.84 | 0.68 | +4.16 |
| Martin ratioReturn relative to average drawdown | 15.08 | 1.85 | +13.23 |
Loading charts...
Drawdowns
IBTG.L vs. BBIL.L - Drawdown Comparison
The maximum IBTG.L drawdown since its inception was -6.15%, smaller than the maximum BBIL.L drawdown of -19.25%. Use the drawdown chart below to compare losses from any high point for IBTG.L and BBIL.L.
Loading charts...
Drawdown Indicators
| IBTG.L | BBIL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.15% | -19.25% | +13.10% |
Max Drawdown (1Y)Largest decline over 1 year | -0.67% | -5.15% | +4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -0.85% | -9.82% | +8.97% |
Max Drawdown (5Y)Largest decline over 5 years | -6.13% | -15.96% | +9.83% |
Current DrawdownCurrent decline from peak | 0.00% | -6.10% | +6.10% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -9.76% | +8.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 1.90% | -1.68% |
Volatility
IBTG.L vs. BBIL.L - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist) (IBTG.L) is 0.43%, while JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc (BBIL.L) has a volatility of 1.67%. This indicates that IBTG.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
| IBTG.L | BBIL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 1.67% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 1.16% | 5.09% | -3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.74% | 6.62% | -4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.43% | 8.48% | -6.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.07% | 8.80% | -6.73% |
IBTG.L vs. BBIL.L - Expense Ratio Comparison
Both IBTG.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
IBTG.L vs. BBIL.L - Dividend Comparison
IBTG.L's dividend yield for the trailing twelve months is around 3.86%, while BBIL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BBIL.L JPM 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% | 0.00% |
IBTG.L iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist) | 3.86% | 4.08% | 4.12% | 2.92% | 0.76% | 0.59% | 1.66% | 2.35% | 0.78% |
Frequently Asked Questions
IBTG.L and BBIL.L have a correlation of -0.09, 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.
IBTG.L and BBIL.L have the same expense ratio: 0.10% per year.
IBTG.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.
Find the right allocation for IBTG.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