JU13.L vs. TSY3.L

Last updated Jul 18, 2026

JU13.L (JPM BetaBuilders US Treasury Bond 1-3 Year UCITS ETF USD (Acc)) and TSY3.L (SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF) are both Government Bonds funds - JU13.L tracks the J.P. Morgan Government Bond Index United States 1-3 Year Select Maturity while TSY3.L tracks the Bloomberg US 1-3 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, JU13.L returned 1.89%/yr vs 1.91%/yr for TSY3.L. At a 0.26 correlation, their price movements are largely independent. JU13.L charges 0.07%/yr vs 0.05%/yr for TSY3.L.

Performance

JU13.L vs. TSY3.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPM BetaBuilders US Treasury Bond 1-3 Year UCITS ETF USD (Acc) (JU13.L) and SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF (TSY3.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JU13.L is traded in USD, while TSY3.L is traded in GBP. To make them comparable, the TSY3.L values have been converted to USD using the latest available exchange rates.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with JU13.L at 0.85% and TSY3.L at 0.85%.

JU13.L

• 1D: 0.15%
• 1M: 0.31%
• 6M: 0.91%
• YTD: 0.85%
• 1Y: 3.28%
• 3Y*: 4.23%
• 5Y*: 1.89%
• 10Y*: —

TSY3.L

• 1D: 0.08%
• 1M: 0.96%
• 6M: 1.03%
• YTD: 0.85%
• 1Y: 3.23%
• 3Y*: 4.35%
• 5Y*: 1.91%
• 10Y*: 1.80%

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

JU13.L vs. TSY3.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JU13.L JPM BetaBuilders US Treasury Bond 1-3 Year UCITS ETF USD (Acc)	0.85%	5.16%	4.03%	4.05%	-3.80%	-0.65%	3.21%	3.65%	1.57%
TSY3.L SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF	0.85%	5.38%	4.00%	3.55%	-3.91%	-0.42%	2.62%	4.23%	1.22%

Correlation

The correlation between JU13.L and TSY3.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jun 6, 2018	0.26

The correlation between JU13.L and TSY3.L shifts across timeframes, from 0.12 (1 year) to 0.30 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

JU13.L vs. TSY3.L — Risk / Return Rank

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

JU13.L

JU13.L Risk / Return Rank: 93
JU13.L Sharpe Ratio Rank: 94
JU13.L Sortino Ratio Rank: 96
JU13.L Omega Ratio Rank: 95
JU13.L Calmar Ratio Rank: 92
JU13.L Martin Ratio Rank: 90

TSY3.L

TSY3.L Risk / Return Rank: 19
TSY3.L Sharpe Ratio Rank: 19
TSY3.L Sortino Ratio Rank: 18
TSY3.L Omega Ratio Rank: 17
TSY3.L Calmar Ratio Rank: 20
TSY3.L Martin Ratio Rank: 20

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.

JU13.L vs. TSY3.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPM BetaBuilders US Treasury Bond 1-3 Year UCITS ETF USD (Acc) (JU13.L) and SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF (TSY3.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.

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.

	JU13.L	TSY3.L	Difference
Sharpe ratio: Return per unit of total volatility	2.67	0.75	+1.92
Sortino ratio: Return per unit of downside risk	4.38	1.10	+3.28
Omega ratio: Gain probability vs. loss probability	1.57	1.13	+0.44
Calmar ratio: Return relative to maximum drawdown	4.38	2.76	+1.62
Martin ratio: Return relative to average drawdown	15.05	8.51	+6.54

JU13.L vs. TSY3.L - Sharpe Ratio Comparison

The current JU13.L Sharpe Ratio is 2.67, which is higher than the TSY3.L Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of JU13.L and TSY3.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.

Drawdowns

JU13.L vs. TSY3.L - Drawdown Comparison

The maximum JU13.L drawdown since its inception was -5.72%, smaller than the maximum TSY3.L drawdown of -35.81%. Use the drawdown chart below to compare losses from any high point for JU13.L and TSY3.L.

Drawdown Indicators

	JU13.L	TSY3.L	Difference
Max Drawdown Largest peak-to-trough decline	-5.72%	-35.81%	+30.09%
Max Drawdown (1Y) Largest decline over 1 year	-0.75%	-1.17%	+0.42%
Max Drawdown (3Y) Largest decline over 3 years	-0.93%	-1.51%	+0.58%
Max Drawdown (5Y) Largest decline over 5 years	-5.72%	-6.77%	+1.05%
Max Drawdown (10Y) Largest decline over 10 years	—	-7.42%	—
Current Drawdown Current decline from peak	0.00%	-20.98%	+20.98%
Average Drawdown Average peak-to-trough decline	-0.95%	-30.48%	+29.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	0.38%	-0.16%

Volatility

JU13.L vs. TSY3.L - Volatility Comparison

The current volatility for JPM BetaBuilders US Treasury Bond 1-3 Year UCITS ETF USD (Acc) (JU13.L) is 0.36%, while SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF (TSY3.L) has a volatility of 1.09%. This indicates that JU13.L experiences smaller price fluctuations and is considered to be less risky than TSY3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JU13.L	TSY3.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.36%	1.09%	-0.73%
Volatility (6M) Calculated over the trailing 6-month period	0.91%	3.68%	-2.77%
Volatility (1Y) Calculated over the trailing 1-year period	1.23%	4.32%	-3.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.00%	5.08%	-3.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.68%	5.09%	-3.41%

JU13.L vs. TSY3.L - Expense Ratio Comparison

JU13.L has a 0.07% expense ratio, which is higher than TSY3.L's 0.05% 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

JU13.L vs. TSY3.L - Dividend Comparison

JU13.L has not paid dividends to shareholders, while TSY3.L's dividend yield for the trailing twelve months is around 3.91%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JU13.L JPM BetaBuilders US Treasury Bond 1-3 Year UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.97%	0.00%	0.00%	0.00%
TSY3.L SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF	3.91%	4.25%	4.06%	3.02%	0.61%	0.56%	1.84%	2.14%	1.78%	1.34%	0.87%	0.80%

Frequently Asked Questions

Can I hold both JU13.L and TSY3.L in my portfolio?

JU13.L and TSY3.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JU13.L or TSY3.L?

On fees, TSY3.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JU13.L or TSY3.L?

TSY3.L is cheaper with a 0.05% expense ratio, compared with 0.07% for JU13.L.

What is the main difference between JU13.L and TSY3.L?

JU13.L tracks J.P. Morgan Government Bond Index United States 1-3 Year Select Maturity, while TSY3.L tracks Bloomberg US 1-3 Year Treasury Bond Index. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.07% for JU13.L and 0.05% for TSY3.L.