IGLT.L vs. BBLL.L
IGLT.L (iShares Core UK Gilts UCITS ETF) and BBLL.L (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) are both Government Bonds funds - IGLT.L tracks the FTSE Actuaries UK Conventional Gilts All Stocks Index while BBLL.L tracks the ICE US Treasury 0-1 Year Index. Both are passively managed. Over the past year, IGLT.L returned 2.10% vs 4.96% for BBLL.L. At a correlation of -0.32, they often move in opposite directions. Both charge a 0.07% expense ratio.
Performance
IGLT.L vs. BBLL.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGLT.L achieves a -0.84% return, which is significantly lower than BBLL.L's 1.64% return.
IGLT.L
- 1D
- 0.21%
- 1M
- 1.42%
- YTD
- -0.84%
- 6M
- -1.14%
- 1Y
- 2.10%
- 3Y*
- 2.44%
- 5Y*
- -4.26%
- 10Y*
- -0.90%
BBLL.L
- 1D
- 0.05%
- 1M
- 1.28%
- YTD
- 1.64%
- 6M
- 1.15%
- 1Y
- 4.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGLT.L vs. BBLL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IGLT.L iShares Core UK Gilts UCITS ETF | -0.84% | 2.71% |
BBLL.L JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 1.64% | 2.34% |
Correlation
The correlation between IGLT.L and BBLL.L is -0.35, 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 | -0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | -0.32 |
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Return for Risk
IGLT.L vs. BBLL.L — Risk / Return Rank
IGLT.L
BBLL.L
IGLT.L vs. BBLL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core UK Gilts UCITS ETF (IGLT.L) and JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.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.
| IGLT.L | BBLL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.13 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 1.09 | -0.69 |
| Martin ratioReturn relative to average drawdown | 1.07 | 2.77 | -1.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGLT.L | BBLL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 0.77 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.57 | -0.29 |
Drawdowns
IGLT.L vs. BBLL.L - Drawdown Comparison
The maximum IGLT.L drawdown since its inception was -35.52%, which is greater than BBLL.L's maximum drawdown of -4.55%. Use the drawdown chart below to compare losses from any high point for IGLT.L and BBLL.L.
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Drawdown Indicators
| IGLT.L | BBLL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.52% | -4.55% | -30.97% |
Max Drawdown (1Y)Largest decline over 1 year | -5.24% | -4.55% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -6.97% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.52% | — | — |
Current DrawdownCurrent decline from peak | -25.96% | -1.11% | -24.85% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -1.59% | -6.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.79% | +0.18% |
Volatility
IGLT.L vs. BBLL.L - Volatility Comparison
iShares Core UK Gilts UCITS ETF (IGLT.L) has a higher volatility of 2.31% compared to JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.L) at 1.86%. This indicates that IGLT.L's price experiences larger fluctuations and is considered to be riskier than BBLL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLT.L | BBLL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 1.86% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 4.73% | 4.69% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.00% | 6.43% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.02% | 6.41% | +3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.02% | 6.41% | +2.61% |
IGLT.L vs. BBLL.L - Expense Ratio Comparison
Both IGLT.L and BBLL.L 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
IGLT.L vs. BBLL.L - Dividend Comparison
IGLT.L's dividend yield for the trailing twelve months is around 4.50%, while BBLL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBLL.L 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% | 0.00% | 0.00% | 0.00% | 0.00% |
IGLT.L iShares Core UK Gilts UCITS ETF | 4.50% | 4.26% | 3.69% | 2.40% | 1.32% | 0.79% | 0.95% | 1.25% | 1.31% | 1.30% | 1.88% | 2.05% |
Frequently Asked Questions
IGLT.L and BBLL.L have a correlation of -0.35, 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 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IGLT.L and BBLL.L have the same expense ratio: 0.07% per year.
IGLT.L tracks FTSE Actuaries UK Conventional Gilts All Stocks Index, while BBLL.L tracks ICE US Treasury 0-1 Year Index. They also come from different issuers: iShares and JPMorgan.
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