TR7G.L vs. BBM3.L
TR7G.L (Invesco US Treasury Bond 3-7 Year UCITS ETF Dist) and BBM3.L (JPMorgan BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD (Acc)) are both Government Bonds funds - TR7G.L tracks the Bloomberg US 3-7 Year Treasury Bond Index while BBM3.L tracks the ICE 0-3 Month US Treasury Notes & Bills Index. Both are passively managed. Over the past 5 years, TR7G.L returned 1.44%/yr vs 4.56%/yr for BBM3.L. Their correlation of 0.83 suggests significant overlap in exposure. TR7G.L charges 0.06%/yr vs 0.07%/yr for BBM3.L.
Performance
TR7G.L vs. BBM3.L - Performance Comparison
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Different Trading Currencies
TR7G.L is traded in GBp, while BBM3.L is traded in GBP. To make them comparable, the BBM3.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, TR7G.L achieves a -0.28% return, which is significantly lower than BBM3.L's 1.63% return.
TR7G.L
- 1D
- 0.19%
- 1M
- 0.89%
- YTD
- -0.28%
- 6M
- -0.71%
- 1Y
- 4.21%
- 3Y*
- 1.00%
- 5Y*
- 1.44%
- 10Y*
- —
BBM3.L
- 1D
- 0.09%
- 1M
- 1.32%
- YTD
- 1.63%
- 6M
- 1.18%
- 1Y
- 4.93%
- 3Y*
- 1.97%
- 5Y*
- 4.56%
- 10Y*
- —
TR7G.L vs. BBM3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TR7G.L Invesco US Treasury Bond 3-7 Year UCITS ETF Dist | -0.28% | -0.02% | 3.75% | -1.47% | 1.43% | 3.04% |
BBM3.L JPMorgan BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD (Acc) | 1.63% | -2.96% | 7.04% | -0.79% | 13.68% | 4.38% |
Correlation
The correlation between TR7G.L and BBM3.L is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2021 | 0.83 |
The correlation between TR7G.L and BBM3.L has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.
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Return for Risk
TR7G.L vs. BBM3.L — Risk / Return Rank
TR7G.L
BBM3.L
TR7G.L vs. BBM3.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TR7G.L) and JPMorgan BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD (Acc) (BBM3.L). 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.
| TR7G.L | BBM3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 1.09 | -0.26 |
| Martin ratioReturn relative to average drawdown | 2.02 | 2.71 | -0.69 |
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
| TR7G.L | BBM3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.76 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.54 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.50 | -0.37 |
Drawdowns
TR7G.L vs. BBM3.L - Drawdown Comparison
The maximum TR7G.L drawdown since its inception was -20.51%, which is greater than BBM3.L's maximum drawdown of -15.27%. Use the drawdown chart below to compare losses from any high point for TR7G.L and BBM3.L.
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Drawdown Indicators
| TR7G.L | BBM3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.51% | -15.27% | -5.24% |
Max Drawdown (1Y)Largest decline over 1 year | -5.09% | -4.52% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -7.34% | -9.77% | +2.43% |
Max Drawdown (5Y)Largest decline over 5 years | -15.64% | -15.27% | -0.37% |
Current DrawdownCurrent decline from peak | -13.27% | -5.65% | -7.62% |
Average DrawdownAverage peak-to-trough decline | -12.82% | -6.31% | -6.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 1.81% | +0.27% |
Volatility
TR7G.L vs. BBM3.L - Volatility Comparison
The current volatility for Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TR7G.L) is 1.56%, while JPMorgan BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD (Acc) (BBM3.L) has a volatility of 1.89%. This indicates that TR7G.L experiences smaller price fluctuations and is considered to be less risky than BBM3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TR7G.L | BBM3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 1.89% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 4.33% | 4.68% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.90% | 6.47% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.27% | 8.43% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.90% | 8.38% | +0.52% |
TR7G.L vs. BBM3.L - Expense Ratio Comparison
TR7G.L has a 0.06% expense ratio, which is lower than BBM3.L's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TR7G.L vs. BBM3.L - Dividend Comparison
TR7G.L's dividend yield for the trailing twelve months is around 4.12%, while BBM3.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BBM3.L JPMorgan BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TR7G.L Invesco US Treasury Bond 3-7 Year UCITS ETF Dist | 4.12% | 4.11% | 4.14% | 3.67% | 1.71% | 0.85% | 1.38% | 1.94% |
Frequently Asked Questions
TR7G.L and BBM3.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TR7G.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TR7G.L is cheaper with a 0.06% expense ratio, compared with 0.07% for BBM3.L.
TR7G.L tracks Bloomberg US 3-7 Year Treasury Bond Index, while BBM3.L tracks ICE 0-3 Month US Treasury Notes & Bills Index. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.06% for TR7G.L and 0.07% for BBM3.L.
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