SNA2.DE vs. BBLL.DE
SNA2.DE (iShares USD Treasury Bond UCITS ETF USD Dist) and BBLL.DE (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) are both Government Bonds funds - SNA2.DE tracks the ICE US Treasury Core Bond while BBLL.DE tracks the ICE US Treasury 0-1 Year Index. Both are passively managed. Over the past 5 years, SNA2.DE returned 0.24%/yr vs 4.31%/yr for BBLL.DE. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.07% expense ratio.
Performance
SNA2.DE vs. BBLL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SNA2.DE achieves a 0.82% return, which is significantly lower than BBLL.DE's 2.66% return.
SNA2.DE
- 1D
- 0.08%
- 1M
- 0.93%
- YTD
- 0.82%
- 6M
- 0.09%
- 1Y
- 1.39%
- 3Y*
- -0.30%
- 5Y*
- 0.24%
- 10Y*
- —
BBLL.DE
- 1D
- -0.11%
- 1M
- 1.43%
- YTD
- 2.66%
- 6M
- 1.86%
- 1Y
- 2.34%
- 3Y*
- 1.85%
- 5Y*
- 4.31%
- 10Y*
- —
SNA2.DE vs. BBLL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SNA2.DE iShares USD Treasury Bond UCITS ETF USD Dist | 0.82% | -5.92% | 6.08% | 0.13% | -6.90% | 5.64% | -2.06% | -3.72% |
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 2.66% | -7.37% | 11.29% | 1.32% | 7.29% | 8.35% | -8.23% | -1.44% |
Correlation
The correlation between SNA2.DE and BBLL.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2019 | 0.72 |
The correlation between SNA2.DE and BBLL.DE has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.
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Return for Risk
SNA2.DE vs. BBLL.DE — Risk / Return Rank
SNA2.DE
BBLL.DE
SNA2.DE vs. BBLL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond UCITS ETF USD Dist (SNA2.DE) and JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE). 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.
| SNA2.DE | BBLL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.06 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 0.62 | -0.34 |
| Martin ratioReturn relative to average drawdown | 0.65 | 1.30 | -0.66 |
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
| SNA2.DE | BBLL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | 0.34 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.57 | -0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.29 | -0.42 |
Drawdowns
SNA2.DE vs. BBLL.DE - Drawdown Comparison
The maximum SNA2.DE drawdown since its inception was -17.70%, which is greater than BBLL.DE's maximum drawdown of -13.03%. Use the drawdown chart below to compare losses from any high point for SNA2.DE and BBLL.DE.
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Drawdown Indicators
| SNA2.DE | BBLL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.70% | -13.03% | -4.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.97% | -3.38% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -11.19% | -11.65% | +0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -13.01% | -11.65% | -1.36% |
Current DrawdownCurrent decline from peak | -14.15% | -7.22% | -6.93% |
Average DrawdownAverage peak-to-trough decline | -11.16% | -6.14% | -5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.61% | +0.08% |
Volatility
SNA2.DE vs. BBLL.DE - Volatility Comparison
The current volatility for iShares USD Treasury Bond UCITS ETF USD Dist (SNA2.DE) is 0.96%, while JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) has a volatility of 1.28%. This indicates that SNA2.DE experiences smaller price fluctuations and is considered to be less risky than BBLL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNA2.DE | BBLL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.28% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 3.78% | 4.12% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.49% | 6.07% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.06% | 7.46% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.95% | 7.22% | +0.73% |
SNA2.DE vs. BBLL.DE - Expense Ratio Comparison
Both SNA2.DE and BBLL.DE have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SNA2.DE vs. BBLL.DE - Dividend Comparison
SNA2.DE's dividend yield for the trailing twelve months is around 3.50%, while BBLL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SNA2.DE iShares USD Treasury Bond UCITS ETF USD Dist | 3.50% | 3.74% | 3.48% | 3.07% | 1.40% | 0.72% | 1.32% |
Frequently Asked Questions
SNA2.DE and BBLL.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SNA2.DE and BBLL.DE have the same expense ratio: 0.07% per year.
SNA2.DE tracks ICE US Treasury Core Bond, while BBLL.DE tracks ICE US Treasury 0-1 Year Index. They also come from different issuers: iShares and JPMorgan.
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