JGSA.L vs. BBLL.L
JGSA.L (JPM GBP Ultra-Short Income Active ETF GBP Acc) and BBLL.L (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) are both exchange-traded funds - JGSA.L is a Ultrashort Bond fund actively managed by JPMorgan, while BBLL.L is a Government Bonds fund tracking the ICE US Treasury 0-1 Year Index. JGSA.L is actively managed, while BBLL.L is passively managed. Over the past year, JGSA.L returned 4.29% vs 4.96% for BBLL.L. At a correlation of -0.06, they often move in opposite directions. JGSA.L charges 0.18%/yr vs 0.07%/yr for BBLL.L.
Performance
JGSA.L vs. BBLL.L - Performance Comparison
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Returns By Period
In the year-to-date period, JGSA.L achieves a 1.38% return, which is significantly lower than BBLL.L's 1.64% return.
JGSA.L
- 1D
- 0.06%
- 1M
- 0.60%
- YTD
- 1.38%
- 6M
- 1.75%
- 1Y
- 4.29%
- 3Y*
- 5.02%
- 5Y*
- 3.39%
- 10Y*
- —
BBLL.L
- 1D
- 0.05%
- 1M
- 1.28%
- YTD
- 1.64%
- 6M
- 1.15%
- 1Y
- 4.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JGSA.L vs. BBLL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JGSA.L JPM GBP Ultra-Short Income Active ETF GBP Acc | 1.38% | 3.46% |
BBLL.L JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 1.64% | 2.34% |
Correlation
The correlation between JGSA.L and BBLL.L is -0.08, 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 | -0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | -0.06 |
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Return for Risk
JGSA.L vs. BBLL.L — Risk / Return Rank
JGSA.L
BBLL.L
JGSA.L vs. BBLL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM GBP Ultra-Short Income Active ETF GBP Acc (JGSA.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.
| JGSA.L | BBLL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.37 | ||
| Sortino ratioReturn per unit of downside risk | +12.25 | ||
| Omega ratioGain probability vs. loss probability | 3.34 | 1.13 | +2.20 |
| Calmar ratioReturn relative to maximum drawdown | 10.27 | 1.09 | +9.18 |
| Martin ratioReturn relative to average drawdown | 53.58 | 2.77 | +50.81 |
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
| JGSA.L | BBLL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.14 | 0.77 | +6.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 6.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.29 | 0.57 | +3.72 |
Drawdowns
JGSA.L vs. BBLL.L - Drawdown Comparison
The maximum JGSA.L drawdown since its inception was -1.42%, smaller than the maximum BBLL.L drawdown of -4.55%. Use the drawdown chart below to compare losses from any high point for JGSA.L and BBLL.L.
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Drawdown Indicators
| JGSA.L | BBLL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.42% | -4.55% | +3.13% |
Max Drawdown (1Y)Largest decline over 1 year | -0.42% | -4.55% | +4.13% |
Max Drawdown (3Y)Largest decline over 3 years | -0.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -0.73% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | -1.11% | +1.10% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -1.59% | +1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 1.79% | -1.71% |
Volatility
JGSA.L vs. BBLL.L - Volatility Comparison
The current volatility for JPM GBP Ultra-Short Income Active ETF GBP Acc (JGSA.L) is 0.24%, while JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.L) has a volatility of 1.86%. This indicates that JGSA.L experiences smaller price fluctuations and is considered to be less risky 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
| JGSA.L | BBLL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.24% | 1.86% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 0.53% | 4.69% | -4.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.60% | 6.43% | -5.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.55% | 6.41% | -5.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.62% | 6.41% | -5.79% |
JGSA.L vs. BBLL.L - Expense Ratio Comparison
JGSA.L has a 0.18% 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
JGSA.L vs. BBLL.L - Dividend Comparison
Neither JGSA.L nor BBLL.L has paid dividends to shareholders.
Frequently Asked Questions
JGSA.L and BBLL.L have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
BBLL.L is cheaper with a 0.07% expense ratio, compared with 0.18% for JGSA.L.
JGSA.L is categorized as Ultrashort Bond, while BBLL.L is Government Bonds. Their fees differ too: 0.18% for JGSA.L and 0.07% for BBLL.L.
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