INXG.L vs. BBLL.L

Last updated Jun 5, 2026

INXG.L (iShares £ Index-Linked Gilts UCITS ETF) and BBLL.L (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) are both Government Bonds funds - INXG.L tracks the Bloomberg UK Government Inflation-Linked Bond Index while BBLL.L tracks the ICE US Treasury 0-1 Year Index. Both are passively managed. Over the past year, INXG.L returned 3.36% vs 4.96% for BBLL.L. At a correlation of -0.25, they often move in opposite directions. INXG.L charges 0.10%/yr vs 0.07%/yr for BBLL.L.

Performance

INXG.L vs. BBLL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares £ Index-Linked Gilts UCITS ETF (INXG.L) and JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INXG.L achieves a 0.04% return, which is significantly lower than BBLL.L's 1.64% return.

INXG.L

• 1D: 0.44%
• 1M: 0.13%
• YTD: 0.04%
• 6M: -0.13%
• 1Y: 3.36%
• 3Y*: -0.63%
• 5Y*: -8.26%
• 10Y*: -1.18%

BBLL.L

• 1D: 0.05%
• 1M: 1.28%
• YTD: 1.64%
• 6M: 1.15%
• 1Y: 4.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

INXG.L vs. BBLL.L - Yearly Performance Comparison

	2026 (YTD)	2025
INXG.L iShares £ Index-Linked Gilts UCITS ETF	0.04%	2.87%
BBLL.L JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)	1.64%	2.34%

Correlation

The correlation between INXG.L and BBLL.L is -0.27, 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	-0.27
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	-0.25

Return for Risk

INXG.L vs. BBLL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

INXG.L

INXG.L Risk / Return Rank: 14
INXG.L Sharpe Ratio Rank: 14
INXG.L Sortino Ratio Rank: 13
INXG.L Omega Ratio Rank: 13
INXG.L Calmar Ratio Rank: 15
INXG.L Martin Ratio Rank: 14

BBLL.L

BBLL.L Risk / Return Rank: 22
BBLL.L Sharpe Ratio Rank: 23
BBLL.L Sortino Ratio Rank: 22
BBLL.L Omega Ratio Rank: 21
BBLL.L Calmar Ratio Rank: 24
BBLL.L Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

INXG.L vs. BBLL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares £ Index-Linked Gilts UCITS ETF (INXG.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.

	INXG.L	BBLL.L	Difference
Sharpe ratio: Return per unit of total volatility	0.33	0.77	-0.44
Sortino ratio: Return per unit of downside risk	0.52	1.15	-0.62
Omega ratio: Gain probability vs. loss probability	1.06	1.13	-0.07
Calmar ratio: Return relative to maximum drawdown	0.50	1.09	-0.59
Martin ratio: Return relative to average drawdown	1.08	2.77	-1.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INXG.L vs. BBLL.L - Sharpe Ratio Comparison

The current INXG.L Sharpe Ratio is 0.33, which is lower than the BBLL.L Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of INXG.L and BBLL.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	INXG.L	BBLL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	0.77	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.41	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.71	0.57	-1.28

Drawdowns

INXG.L vs. BBLL.L - Drawdown Comparison

The maximum INXG.L drawdown since its inception was -99.05%, 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 INXG.L and BBLL.L.

Drawdown Indicators

	INXG.L	BBLL.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.05%	-4.55%	-94.50%
Max Drawdown (1Y) Largest decline over 1 year	-6.62%	-4.55%	-2.07%
Max Drawdown (3Y) Largest decline over 3 years	-15.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-50.87%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.87%	—	—
Current Drawdown Current decline from peak	-98.31%	-1.11%	-97.20%
Average Drawdown Average peak-to-trough decline	-97.27%	-1.59%	-95.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	1.79%	+1.27%

Volatility

INXG.L vs. BBLL.L - Volatility Comparison

iShares £ Index-Linked Gilts UCITS ETF (INXG.L) has a higher volatility of 3.49% compared to JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.L) at 1.86%. This indicates that INXG.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.

Volatility by Period

	INXG.L	BBLL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	1.86%	+1.63%
Volatility (6M) Calculated over the trailing 6-month period	7.26%	4.69%	+2.57%
Volatility (1Y) Calculated over the trailing 1-year period	9.89%	6.43%	+3.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.07%	6.41%	+13.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.47%	6.41%	+11.06%

INXG.L vs. BBLL.L - Expense Ratio Comparison

INXG.L has a 0.10% expense ratio, which is higher than BBLL.L's 0.07% 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

INXG.L vs. BBLL.L - Dividend Comparison

INXG.L's dividend yield for the trailing twelve months is around 7.56%, 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%
INXG.L iShares £ Index-Linked Gilts UCITS ETF	7.56%	7.23%	5.77%	0.43%	0.00%	0.00%	0.61%	1.36%	1.95%	1.28%	0.65%	1.94%

Frequently Asked Questions

Can I hold both INXG.L and BBLL.L in my portfolio?

INXG.L and BBLL.L have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, INXG.L or BBLL.L?

On fees, BBLL.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, INXG.L or BBLL.L?

BBLL.L is cheaper with a 0.07% expense ratio, compared with 0.10% for INXG.L.

What is the main difference between INXG.L and BBLL.L?

INXG.L tracks Bloomberg UK Government Inflation-Linked Bond Index, while BBLL.L tracks ICE US Treasury 0-1 Year Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.10% for INXG.L and 0.07% for BBLL.L.