JPPS.DE vs. BBLL.DE
JPPS.DE (JPM USD Ultra-Short Income Active UCITS ETF USD Dist) and BBLL.DE (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) are both exchange-traded funds - JPPS.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. JPPS.DE is actively managed, while BBLL.DE is passively managed. Over the past 5 years, JPPS.DE returned 4.29%/yr vs 4.11%/yr for BBLL.DE. Their correlation of 0.89 suggests significant overlap in exposure. JPPS.DE charges 0.18%/yr vs 0.07%/yr for BBLL.DE.
Performance
JPPS.DE vs. BBLL.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JPPS.DE achieves a 4.50% return, which is significantly lower than BBLL.DE's 4.73% return.
JPPS.DE
- 1D
- -0.14%
- 1M
- 1.51%
- 6M
- 3.43%
- YTD
- 4.50%
- 1Y
- 5.52%
- 3Y*
- 4.42%
- 5Y*
- 4.29%
- 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*
- —
JPPS.DE vs. BBLL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JPPS.DE JPM USD Ultra-Short Income Active UCITS ETF USD Dist | 4.50% | -6.60% | 11.60% | 1.47% | 7.22% | 8.57% | -6.84% | 1.56% |
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 JPPS.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 | 0.89 |
The correlation between JPPS.DE and BBLL.DE shifts across timeframes, from 0.89 (all time) to 0.99 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JPPS.DE vs. BBLL.DE — Risk / Return Rank
JPPS.DE
BBLL.DE
JPPS.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 Dist (JPPS.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.
| JPPS.DE | BBLL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.16 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 1.59 | +0.37 |
| Martin ratioReturn relative to average drawdown | 4.74 | 3.76 | +0.98 |
Loading charts...
Drawdowns
JPPS.DE vs. BBLL.DE - Drawdown Comparison
The maximum JPPS.DE drawdown since its inception was -19.53%, 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 JPPS.DE and BBLL.DE.
Loading charts...
Drawdown Indicators
| JPPS.DE | BBLL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.53% | -17.24% | -2.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -3.38% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -11.23% | -11.65% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -11.65% | -11.65% | 0.00% |
Current DrawdownCurrent decline from peak | -4.75% | -5.34% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -7.08% | -8.29% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.43% | -0.10% |
Volatility
JPPS.DE vs. BBLL.DE - Volatility Comparison
The current volatility for JPM USD Ultra-Short Income Active UCITS ETF USD Dist (JPPS.DE) is 1.47%, while JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) has a volatility of 1.57%. This indicates that JPPS.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.
Loading charts...
Volatility by Period
| JPPS.DE | BBLL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 1.57% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 4.28% | -0.17% |
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 | 7.41% | 7.45% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.38% | 8.26% | +1.12% |
JPPS.DE vs. BBLL.DE - Expense Ratio Comparison
JPPS.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
JPPS.DE vs. BBLL.DE - Dividend Comparison
JPPS.DE's dividend yield for the trailing twelve months is around 4.04%, while BBLL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
JPPS.DE JPM USD Ultra-Short Income Active UCITS ETF USD Dist | 4.04% | 4.47% | 5.12% | 4.54% | 1.19% | 0.64% | 2.07% | 2.65% | 1.77% |
Frequently Asked Questions
With a correlation of 0.99, JPPS.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 JPPS.DE.
JPPS.DE is categorized as Ultrashort Bond, while BBLL.DE is Government Bonds. Their fees differ too: 0.18% for JPPS.DE and 0.07% for BBLL.DE.
Find the right allocation for JPPS.DE and BBLL.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer