SHAG vs. BBSB
SHAG (WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF) and BBSB (JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF) are both exchange-traded funds - SHAG is a Short-Term Bond fund tracking the Bloomberg U.S. Short Aggregate Enhanced Yield Index, 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, SHAG returned 4.72%/yr vs 4.15%/yr for BBSB. Their correlation of 0.87 suggests significant overlap in exposure. SHAG charges 0.12%/yr vs 0.04%/yr for BBSB.
Performance
SHAG vs. BBSB - Performance Comparison
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Returns By Period
In the year-to-date period, SHAG achieves a 0.48% return, which is significantly lower than BBSB's 0.55% return.
SHAG
- 1D
- 0.07%
- 1M
- 0.03%
- YTD
- 0.48%
- 6M
- 0.81%
- 1Y
- 3.73%
- 3Y*
- 4.72%
- 5Y*
- 1.61%
- 10Y*
- —
BBSB
- 1D
- 0.07%
- 1M
- 0.13%
- YTD
- 0.55%
- 6M
- 0.88%
- 1Y
- 3.32%
- 3Y*
- 4.15%
- 5Y*
- —
- 10Y*
- —
SHAG vs. BBSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 0.48% | 6.27% | 4.30% | 2.98% |
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF | 0.55% | 5.12% | 4.00% | 2.56% |
Correlation
The correlation between SHAG and BBSB is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2023 | 0.87 |
The correlation between SHAG and BBSB has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.
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Return for Risk
SHAG vs. BBSB — Risk / Return Rank
SHAG
BBSB
SHAG vs. BBSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) 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.
| SHAG | BBSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.54 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 3.89 | -1.17 |
| Martin ratioReturn relative to average drawdown | 9.70 | 16.07 | -6.38 |
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
| SHAG | BBSB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 2.64 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 2.36 | -1.53 |
Drawdowns
SHAG vs. BBSB - Drawdown Comparison
The maximum SHAG drawdown since its inception was -9.62%, which is greater than BBSB's maximum drawdown of -1.57%. Use the drawdown chart below to compare losses from any high point for SHAG and BBSB.
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Drawdown Indicators
| SHAG | BBSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.62% | -1.57% | -8.05% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -0.86% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -1.38% | -0.96% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -9.62% | — | — |
Current DrawdownCurrent decline from peak | -0.54% | -0.18% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -1.87% | -0.31% | -1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.21% | +0.18% |
Volatility
SHAG vs. BBSB - Volatility Comparison
WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) has a higher volatility of 0.60% compared to JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) at 0.36%. This indicates that SHAG'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
| SHAG | BBSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 0.36% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 1.31% | 0.85% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.84% | 1.27% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.75% | 1.66% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.58% | 1.66% | +0.92% |
SHAG vs. BBSB - Expense Ratio Comparison
SHAG has a 0.12% expense ratio, which is higher than BBSB's 0.04% 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
SHAG vs. BBSB - Dividend Comparison
SHAG's dividend yield for the trailing twelve months is around 4.28%, more than BBSB's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 4.28% | 4.33% | 4.49% | 3.04% | 1.38% | 0.92% | 2.33% | 2.71% | 2.56% | 0.77% |
Frequently Asked Questions
SHAG and BBSB have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHAG has higher volatility (0.60%) compared to BBSB (0.36%). In terms of maximum drawdown, SHAG dropped -9.62% vs BBSB's -1.57%.
On 3-year performance, SHAG leads with 4.72% 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, SHAG has performed better with a 4.72% 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 0.12% for SHAG.
SHAG has the higher dividend yield at 4.28%, compared with 3.81% for BBSB.
SHAG is categorized as Short-Term Bond, while BBSB is Government Bonds. SHAG tracks Bloomberg U.S. Short Aggregate Enhanced Yield Index, while BBSB tracks ICE U.S. Treasury 1-3 Year Bond Index. They also come from different issuers: WisdomTree and JPMorgan. Their fees differ too: 0.12% for SHAG and 0.04% for BBSB.
BBSB currently has the higher Sharpe Ratio (2.64 vs 2.05), 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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