IS3L.DE vs. BBLL.DE
IS3L.DE (iShares $ Ultrashort Bond UCITS ETF USD (Dist)) and BBLL.DE (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) are both exchange-traded funds - IS3L.DE is a Ultrashort Bond fund tracking the iBoxx USD Liquid Investment Grade Ultrashort Index, while BBLL.DE is a Government Bonds fund tracking the ICE US Treasury 0-1 Year Index. Both are passively managed. Over the past 5 years, IS3L.DE returned 4.53%/yr vs 4.14%/yr for BBLL.DE. With a 0.98 correlation, they move nearly in lockstep. IS3L.DE charges 0.09%/yr vs 0.07%/yr for BBLL.DE.
Performance
IS3L.DE vs. BBLL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3L.DE achieves a 4.85% return, which is significantly higher than BBLL.DE's 4.60% return.
IS3L.DE
- 1D
- 0.07%
- 1M
- 1.79%
- 6M
- 4.65%
- YTD
- 4.85%
- 1Y
- 7.12%
- 3Y*
- 3.43%
- 5Y*
- 4.53%
- 10Y*
- 2.44%
BBLL.DE
- 1D
- 0.10%
- 1M
- 1.78%
- 6M
- 4.43%
- YTD
- 4.60%
- 1Y
- 6.79%
- 3Y*
- 2.95%
- 5Y*
- 4.14%
- 10Y*
- —
IS3L.DE vs. BBLL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IS3L.DE iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 4.85% | -7.06% | 11.88% | 1.83% | 7.62% | 8.58% | -7.79% | 1.49% |
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 IS3L.DE and BBLL.DE is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2019 | 0.98 |
The correlation between IS3L.DE and BBLL.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
IS3L.DE vs. BBLL.DE — Risk / Return Rank
IS3L.DE
BBLL.DE
IS3L.DE vs. BBLL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Ultrashort Bond UCITS ETF USD (Dist) (IS3L.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.
| IS3L.DE | BBLL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.00 | +0.13 |
| Martin ratioReturn relative to average drawdown | 5.14 | 4.74 | +0.39 |
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Drawdowns
IS3L.DE vs. BBLL.DE - Drawdown Comparison
The maximum IS3L.DE drawdown since its inception was -28.17%, which is greater than BBLL.DE's maximum drawdown of -17.24%. Use the drawdown chart below to compare losses from any high point for IS3L.DE and BBLL.DE.
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Drawdown Indicators
| IS3L.DE | BBLL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.17% | -17.24% | -10.93% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -3.38% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -11.38% | -11.65% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -11.38% | -11.65% | +0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | — | — |
Current DrawdownCurrent decline from peak | -4.88% | -5.47% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -9.19% | -8.30% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.43% | -0.05% |
Volatility
IS3L.DE vs. BBLL.DE - Volatility Comparison
The current volatility for iShares $ Ultrashort Bond UCITS ETF USD (Dist) (IS3L.DE) is 1.60%, while JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) has a volatility of 1.69%. This indicates that IS3L.DE experiences smaller price fluctuations and is considered to be less risky 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
| IS3L.DE | BBLL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 1.69% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 4.30% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.04% | 6.06% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.42% | 7.45% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.54% | 8.27% | +2.27% |
IS3L.DE vs. BBLL.DE - Expense Ratio Comparison
IS3L.DE has a 0.09% expense ratio, which is higher than BBLL.DE'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
IS3L.DE vs. BBLL.DE - Dividend Comparison
IS3L.DE's dividend yield for the trailing twelve months is around 4.25%, while BBLL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
IS3L.DE iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 4.25% | 4.74% | 5.44% | 5.05% | 1.59% | 0.47% | 1.64% | 2.71% | 2.19% | 1.45% | 0.97% | 0.72% |
Frequently Asked Questions
With a correlation of 0.98, IS3L.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.
On fees, BBLL.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBLL.DE is cheaper with a 0.07% expense ratio, compared with 0.09% for IS3L.DE.
IS3L.DE is categorized as Ultrashort Bond, while BBLL.DE is Government Bonds. IS3L.DE tracks iBoxx USD Liquid Investment Grade Ultrashort Index, while BBLL.DE tracks ICE US Treasury 0-1 Year Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.09% for IS3L.DE and 0.07% for BBLL.DE.
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