LLDR vs. BNDD

Last updated Jul 1, 2026

LLDR (Global X Long-Term Treasury Ladder ETF) and BNDD (Quadratic Deflation ETF) are both Government Bonds funds. Over the past year, LLDR returned 2.86% vs 4.76% for BNDD. A 0.67 correlation means they provide meaningful diversification when combined. LLDR charges 0.12%/yr vs 1.02%/yr for BNDD.

Performance

LLDR vs. BNDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Long-Term Treasury Ladder ETF (LLDR) and Quadratic Deflation ETF (BNDD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LLDR achieves a 0.69% return, which is significantly lower than BNDD's 7.53% return.

LLDR

• 1D: -1.04%
• 1M: 1.16%
• YTD: 0.69%
• 6M: 0.13%
• 1Y: 2.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNDD

• 1D: -0.15%
• 1M: 3.96%
• YTD: 7.53%
• 6M: 6.88%
• 1Y: 4.76%
• 3Y*: -4.49%
• 5Y*: —
• 10Y*: —

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

LLDR vs. BNDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LLDR Global X Long-Term Treasury Ladder ETF	0.69%	5.69%	-9.39%
BNDD Quadratic Deflation ETF	7.53%	-8.17%	-7.58%

Correlation

The correlation between LLDR and BNDD is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.67

The correlation between LLDR and BNDD shifts across timeframes, from 0.57 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LLDR vs. BNDD — Risk / Return Rank

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

LLDR

LLDR Risk / Return Rank: 13
LLDR Sharpe Ratio Rank: 14
LLDR Sortino Ratio Rank: 13
LLDR Omega Ratio Rank: 12
LLDR Calmar Ratio Rank: 14
LLDR Martin Ratio Rank: 14

BNDD

BNDD Risk / Return Rank: 16
BNDD Sharpe Ratio Rank: 16
BNDD Sortino Ratio Rank: 15
BNDD Omega Ratio Rank: 15
BNDD Calmar Ratio Rank: 19
BNDD Martin Ratio Rank: 17

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.

LLDR vs. BNDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Long-Term Treasury Ladder ETF (LLDR) and Quadratic Deflation ETF (BNDD). 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.

	LLDR	BNDD	Difference
Sharpe ratio: Return per unit of total volatility	0.34	0.46	-0.11
Sortino ratio: Return per unit of downside risk	0.55	0.71	-0.16
Omega ratio: Gain probability vs. loss probability	1.06	1.09	-0.03
Calmar ratio: Return relative to maximum drawdown	0.41	0.78	-0.37
Martin ratio: Return relative to average drawdown	1.04	1.69	-0.65

LLDR vs. BNDD - Sharpe Ratio Comparison

The current LLDR Sharpe Ratio is 0.34, which is comparable to the BNDD Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of LLDR and BNDD, 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

LLDR vs. BNDD - Drawdown Comparison

The maximum LLDR drawdown since its inception was -12.46%, smaller than the maximum BNDD drawdown of -30.87%. Use the drawdown chart below to compare losses from any high point for LLDR and BNDD.

Drawdown Indicators

	LLDR	BNDD	Difference
Max Drawdown Largest peak-to-trough decline	-12.46%	-30.87%	+18.41%
Max Drawdown (1Y) Largest decline over 1 year	-7.00%	-6.09%	-0.91%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.75%	—
Current Drawdown Current decline from peak	-4.62%	-24.24%	+19.62%
Average Drawdown Average peak-to-trough decline	-6.42%	-19.41%	+12.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	2.82%	-0.07%

Volatility

LLDR vs. BNDD - Volatility Comparison

Global X Long-Term Treasury Ladder ETF (LLDR) and Quadratic Deflation ETF (BNDD) have volatilities of 2.53% and 2.54%, 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.

Volatility by Period

	LLDR	BNDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	2.54%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	6.14%	8.17%	-2.03%
Volatility (1Y) Calculated over the trailing 1-year period	8.41%	10.48%	-2.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.08%	13.32%	-3.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.08%	13.32%	-3.24%

LLDR vs. BNDD - Expense Ratio Comparison

LLDR has a 0.12% expense ratio, which is lower than BNDD's 1.02% expense ratio.

Dividends

LLDR vs. BNDD - Dividend Comparison

LLDR's dividend yield for the trailing twelve months is around 4.55%, more than BNDD's 3.51% yield.

Position	TTM	2025	2024	2023	2022	2021
BNDD Quadratic Deflation ETF	3.51%	3.82%	3.85%	4.30%	43.17%	1.04%
LLDR Global X Long-Term Treasury Ladder ETF	4.55%	4.42%	1.20%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LLDR and BNDD in my portfolio?

LLDR and BNDD have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LLDR or BNDD?

BNDD has higher volatility (2.54%) compared to LLDR (2.53%). In terms of maximum drawdown, LLDR dropped -12.46% vs BNDD's -30.87%.

Which ETF is better, LLDR or BNDD?

On 1-year performance, BNDD leads with 4.76% vs 2.86% for LLDR. On fees, LLDR is cheaper at 0.12% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LLDR or BNDD?

Over the 1-year period, BNDD has performed better with a 4.76% return vs 2.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LLDR or BNDD?

LLDR is cheaper with a 0.12% expense ratio, compared with 1.02% for BNDD.

Which ETF pays a higher dividend yield, LLDR or BNDD?

LLDR has the higher dividend yield at 4.55%, compared with 3.51% for BNDD.

What is the main difference between LLDR and BNDD?

They also come from different issuers: Global X and KraneShares. Their fees differ too: 0.12% for LLDR and 1.02% for BNDD.

Which has better risk-adjusted returns?

BNDD currently has the higher Sharpe Ratio (0.46 vs 0.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.