MDST vs. BBSB

Last updated Jun 24, 2026

MDST (Westwood Salient Enhanced Midstream Income ETF) and BBSB (JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF) are both exchange-traded funds - MDST is a Energy Equities fund actively managed by Westwood, while BBSB is a Government Bonds fund tracking the ICE U.S. Treasury 1-3 Year Bond Index. MDST is actively managed, while BBSB is passively managed. Over the past year, MDST returned 20.94% vs 2.97% for BBSB. At a correlation of -0.13, they often move in opposite directions. MDST charges 0.80%/yr vs 0.04%/yr for BBSB.

Performance

MDST vs. BBSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Westwood Salient Enhanced Midstream Income ETF (MDST) and JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDST achieves a 16.53% return, which is significantly higher than BBSB's 0.46% return.

MDST

• 1D: 1.73%
• 1M: -1.91%
• YTD: 16.53%
• 6M: 16.66%
• 1Y: 20.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBSB

• 1D: 0.07%
• 1M: 0.16%
• YTD: 0.46%
• 6M: 0.63%
• 1Y: 2.97%
• 3Y*: 4.20%
• 5Y*: —
• 10Y*: —

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

MDST vs. BBSB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MDST Westwood Salient Enhanced Midstream Income ETF	16.53%	7.09%	17.03%
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF	0.46%	5.12%	3.92%

Correlation

The correlation between MDST and BBSB is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.18
Correlation (All Time) Calculated using the full available price history since Apr 9, 2024	-0.13

Return for Risk

MDST vs. BBSB — Risk / Return Rank

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

MDST

MDST Risk / Return Rank: 55
MDST Sharpe Ratio Rank: 53
MDST Sortino Ratio Rank: 54
MDST Omega Ratio Rank: 52
MDST Calmar Ratio Rank: 67
MDST Martin Ratio Rank: 52

BBSB

BBSB Risk / Return Rank: 81
BBSB Sharpe Ratio Rank: 80
BBSB Sortino Ratio Rank: 90
BBSB Omega Ratio Rank: 85
BBSB Calmar Ratio Rank: 74
BBSB Martin Ratio Rank: 78

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.

MDST vs. BBSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Westwood Salient Enhanced Midstream Income ETF (MDST) and JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB). 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.

	MDST	BBSB	Difference
Sharpe ratio: Return per unit of total volatility	1.69	2.34	-0.65
Sortino ratio: Return per unit of downside risk	2.42	3.89	-1.47
Omega ratio: Gain probability vs. loss probability	1.30	1.48	-0.17
Calmar ratio: Return relative to maximum drawdown	3.12	3.48	-0.36
Martin ratio: Return relative to average drawdown	8.43	13.90	-5.47

MDST vs. BBSB - Sharpe Ratio Comparison

The current MDST Sharpe Ratio is 1.69, which is comparable to the BBSB Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of MDST and BBSB, 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

MDST vs. BBSB - Drawdown Comparison

The maximum MDST drawdown since its inception was -14.19%, which is greater than BBSB's maximum drawdown of -1.57%. Use the drawdown chart below to compare losses from any high point for MDST and BBSB.

Drawdown Indicators

	MDST	BBSB	Difference
Max Drawdown Largest peak-to-trough decline	-14.19%	-1.57%	-12.62%
Max Drawdown (1Y) Largest decline over 1 year	-6.74%	-0.86%	-5.88%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.96%	—
Current Drawdown Current decline from peak	-2.20%	-0.26%	-1.94%
Average Drawdown Average peak-to-trough decline	-2.20%	-0.31%	-1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	0.21%	+2.28%

Volatility

MDST vs. BBSB - Volatility Comparison

Westwood Salient Enhanced Midstream Income ETF (MDST) has a higher volatility of 4.87% compared to JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) at 0.41%. This indicates that MDST's price experiences larger fluctuations and is considered to be riskier than BBSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDST	BBSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.87%	0.41%	+4.46%
Volatility (6M) Calculated over the trailing 6-month period	8.71%	0.90%	+7.81%
Volatility (1Y) Calculated over the trailing 1-year period	12.45%	1.28%	+11.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.11%	1.66%	+14.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.11%	1.66%	+14.45%

MDST vs. BBSB - Expense Ratio Comparison

MDST has a 0.80% expense ratio, which is higher than BBSB's 0.04% expense ratio.

Dividends

MDST vs. BBSB - Dividend Comparison

MDST's dividend yield for the trailing twelve months is around 9.20%, more than BBSB's 3.81% yield.

Position	TTM	2025	2024	2023
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF	3.81%	3.69%	4.84%	3.50%
MDST Westwood Salient Enhanced Midstream Income ETF	9.20%	10.22%	6.60%	0.00%

Frequently Asked Questions

Can I hold both MDST and BBSB in my portfolio?

MDST and BBSB have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MDST or BBSB?

MDST has higher volatility (4.87%) compared to BBSB (0.41%). In terms of maximum drawdown, MDST dropped -14.19% vs BBSB's -1.57%.

Which ETF is better, MDST or BBSB?

On 1-year performance, MDST leads with 20.94% vs 2.97% for BBSB. On fees, BBSB is cheaper at 0.04% per year. On volatility, BBSB has been the lower-risk option at 0.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MDST or BBSB?

Over the 1-year period, MDST has performed better with a 20.94% return vs 2.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MDST or BBSB?

BBSB is cheaper with a 0.04% expense ratio, compared with 0.80% for MDST.

Which ETF pays a higher dividend yield, MDST or BBSB?

MDST has the higher dividend yield at 9.20%, compared with 3.81% for BBSB.

What is the main difference between MDST and BBSB?

MDST is categorized as Energy Equities, while BBSB is Government Bonds. They also come from different issuers: Westwood and JPMorgan. Their fees differ too: 0.80% for MDST and 0.04% for BBSB.

Which has better risk-adjusted returns?

BBSB currently has the higher Sharpe Ratio (2.34 vs 1.69), 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.