JPPA.DE vs. BBLL.DE
JPPA.DE (JPM USD Ultra-Short Income Active UCITS ETF USD Acc) and BBLL.DE (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) are both exchange-traded funds - JPPA.DE is a Ultrashort Bond fund actively managed by JPMorgan, while BBLL.DE is a Government Bonds fund tracking the ICE US Treasury 0-1 Year Index. JPPA.DE is actively managed, while BBLL.DE is passively managed. Over the past 5 years, JPPA.DE returned 4.27%/yr vs 4.11%/yr for BBLL.DE. With a 0.99 correlation, they move nearly in lockstep. JPPA.DE charges 0.18%/yr vs 0.07%/yr for BBLL.DE.
Performance
JPPA.DE vs. BBLL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JPPA.DE achieves a 4.36% return, which is significantly lower than BBLL.DE's 4.73% return.
JPPA.DE
- 1D
- -0.27%
- 1M
- 1.38%
- 6M
- 3.29%
- YTD
- 4.36%
- 1Y
- 5.45%
- 3Y*
- 4.38%
- 5Y*
- 4.27%
- 10Y*
- —
BBLL.DE
- 1D
- 0.06%
- 1M
- 1.70%
- 6M
- 3.71%
- YTD
- 4.73%
- 1Y
- 5.38%
- 3Y*
- 4.01%
- 5Y*
- 4.11%
- 10Y*
- —
JPPA.DE vs. BBLL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JPPA.DE JPM USD Ultra-Short Income Active UCITS ETF USD Acc | 4.36% | -6.63% | 11.65% | 1.48% | 7.22% | 8.54% | -6.81% | 1.58% |
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 4.73% | -7.36% | 11.29% | 1.33% | 7.29% | 8.35% | -8.23% | -9.76% |
Correlation
The correlation between JPPA.DE and BBLL.DE is 0.99 - 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 | 0.99 |
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 | 0.99 |
The correlation between JPPA.DE and BBLL.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
JPPA.DE vs. BBLL.DE — Risk / Return Rank
JPPA.DE
BBLL.DE
JPPA.DE vs. BBLL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM USD Ultra-Short Income Active UCITS ETF USD Acc (JPPA.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.
| JPPA.DE | BBLL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.16 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.59 | +0.32 |
| Martin ratioReturn relative to average drawdown | 4.64 | 3.76 | +0.88 |
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Drawdowns
JPPA.DE vs. BBLL.DE - Drawdown Comparison
The maximum JPPA.DE drawdown since its inception was -14.84%, smaller than the maximum BBLL.DE drawdown of -17.24%. Use the drawdown chart below to compare losses from any high point for JPPA.DE and BBLL.DE.
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Drawdown Indicators
| JPPA.DE | BBLL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.84% | -17.24% | +2.40% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -3.38% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -11.19% | -11.65% | +0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -11.62% | -11.65% | +0.03% |
Current DrawdownCurrent decline from peak | -4.86% | -5.34% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -7.34% | -8.29% | +0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.43% | -0.10% |
Volatility
JPPA.DE vs. BBLL.DE - Volatility Comparison
JPM USD Ultra-Short Income Active UCITS ETF USD Acc (JPPA.DE) and JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) have volatilities of 1.56% and 1.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPPA.DE | BBLL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 1.57% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 4.28% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.91% | 6.06% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.40% | 7.45% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.14% | 8.26% | -0.12% |
JPPA.DE vs. BBLL.DE - Expense Ratio Comparison
JPPA.DE has a 0.18% 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
JPPA.DE vs. BBLL.DE - Dividend Comparison
Neither JPPA.DE nor BBLL.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, JPPA.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 0.18% for JPPA.DE.
JPPA.DE is categorized as Ultrashort Bond, while BBLL.DE is Government Bonds. Their fees differ too: 0.18% for JPPA.DE and 0.07% for BBLL.DE.
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