MLPR vs. BBSB
MLPR (ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN) and BBSB (JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF) are both exchange-traded funds - MLPR is a Leveraged Equities fund tracking the Alerian MLP Index (150%), while BBSB is a Government Bonds fund tracking the ICE U.S. Treasury 1-3 Year Bond Index. Both are passively managed. Over the past 3 years, MLPR returned 32.14%/yr vs 4.15%/yr for BBSB. At a correlation of -0.08, they often move in opposite directions. MLPR charges 0.95%/yr vs 0.04%/yr for BBSB.
Performance
MLPR vs. BBSB - Performance Comparison
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Returns By Period
In the year-to-date period, MLPR achieves a 29.81% return, which is significantly higher than BBSB's 0.47% return.
MLPR
- 1D
- -0.37%
- 1M
- -1.12%
- YTD
- 29.81%
- 6M
- 26.95%
- 1Y
- 32.42%
- 3Y*
- 32.14%
- 5Y*
- 26.89%
- 10Y*
- —
BBSB
- 1D
- -0.05%
- 1M
- 0.10%
- YTD
- 0.47%
- 6M
- 0.74%
- 1Y
- 3.43%
- 3Y*
- 4.15%
- 5Y*
- —
- 10Y*
- —
MLPR vs. BBSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 29.81% | 9.83% | 31.57% | 28.08% |
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF | 0.47% | 5.12% | 4.00% | 2.56% |
Correlation
The correlation between MLPR and BBSB is -0.21, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2023 | -0.08 |
The correlation between MLPR and BBSB shifts across timeframes, from -0.21 (1 year) to -0.07 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MLPR vs. BBSB — Risk / Return Rank
MLPR
BBSB
MLPR vs. BBSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) 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.
| MLPR | BBSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.56 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 4.02 | -1.69 |
| Martin ratioReturn relative to average drawdown | 7.53 | 16.55 | -9.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MLPR | BBSB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 2.71 | -1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 2.35 | -1.42 |
Drawdowns
MLPR vs. BBSB - Drawdown Comparison
The maximum MLPR drawdown since its inception was -48.98%, which is greater than BBSB's maximum drawdown of -1.57%. Use the drawdown chart below to compare losses from any high point for MLPR and BBSB.
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Drawdown Indicators
| MLPR | BBSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.98% | -1.57% | -47.41% |
Max Drawdown (1Y)Largest decline over 1 year | -13.97% | -0.86% | -13.11% |
Max Drawdown (3Y)Largest decline over 3 years | -24.45% | -0.96% | -23.49% |
Max Drawdown (5Y)Largest decline over 5 years | -28.66% | — | — |
Current DrawdownCurrent decline from peak | -7.07% | -0.25% | -6.82% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -0.31% | -8.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 0.21% | +4.11% |
Volatility
MLPR vs. BBSB - Volatility Comparison
ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) has a higher volatility of 8.12% compared to JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) at 0.36%. This indicates that MLPR'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.
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Volatility by Period
| MLPR | BBSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | 0.36% | +7.76% |
Volatility (6M)Calculated over the trailing 6-month period | 14.85% | 0.85% | +14.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.64% | 1.27% | +19.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.52% | 1.66% | +27.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.75% | 1.66% | +32.09% |
MLPR vs. BBSB - Expense Ratio Comparison
MLPR has a 0.95% expense ratio, which is higher than BBSB's 0.04% expense ratio.
Dividends
MLPR vs. BBSB - Dividend Comparison
MLPR's dividend yield for the trailing twelve months is around 9.00%, more than BBSB's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF | 3.81% | 3.69% | 4.84% | 3.50% | 0.00% | 0.00% | 0.00% |
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 9.00% | 10.85% | 9.57% | 10.08% | 7.49% | 10.69% | 4.21% |
Frequently Asked Questions
MLPR and BBSB have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLPR has higher volatility (8.12%) compared to BBSB (0.36%). In terms of maximum drawdown, MLPR dropped -48.98% vs BBSB's -1.57%.
On 3-year performance, MLPR leads with 32.14% vs 4.15% for BBSB. On fees, BBSB is cheaper at 0.04% per year. On volatility, BBSB has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MLPR has performed better with a 32.14% return vs 4.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBSB is cheaper with a 0.04% expense ratio, compared with 0.95% for MLPR.
MLPR has the higher dividend yield at 9.00%, compared with 3.81% for BBSB.
MLPR is categorized as Leveraged Equities, while BBSB is Government Bonds. MLPR tracks Alerian MLP Index (150%), while BBSB tracks ICE U.S. Treasury 1-3 Year Bond Index. They also come from different issuers: UBS and JPMorgan. Their fees differ too: 0.95% for MLPR and 0.04% for BBSB.
BBSB currently has the higher Sharpe Ratio (2.71 vs 1.59), 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.
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