UB74.L vs. BBLL.L
UB74.L (UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis) and BBLL.L (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) are both Government Bonds funds - UB74.L tracks the Bloomberg US 1-3 Year Treasury Bond Index while BBLL.L tracks the ICE US Treasury 0-1 Year Index. Both are passively managed. Over the past year, UB74.L returned 4.37% vs 4.96% for BBLL.L. With a 0.98 correlation, they move nearly in lockstep. UB74.L charges 0.05%/yr vs 0.07%/yr for BBLL.L.
Performance
UB74.L vs. BBLL.L - Performance Comparison
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Different Trading Currencies
UB74.L is traded in GBp, while BBLL.L is traded in GBP. To make them comparable, the BBLL.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, UB74.L achieves a 0.66% return, which is significantly lower than BBLL.L's 1.64% return.
UB74.L
- 1D
- 0.12%
- 1M
- 1.13%
- YTD
- 0.66%
- 6M
- 0.25%
- 1Y
- 4.37%
- 3Y*
- 1.43%
- 5Y*
- 2.86%
- 10Y*
- 2.42%
BBLL.L
- 1D
- 0.05%
- 1M
- 1.28%
- YTD
- 1.64%
- 6M
- 1.15%
- 1Y
- 4.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UB74.L vs. BBLL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 0.66% | 2.39% |
BBLL.L JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 1.64% | 2.34% |
Correlation
The correlation between UB74.L and BBLL.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.98 |
The correlation between UB74.L and BBLL.L has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
UB74.L vs. BBLL.L — Risk / Return Rank
UB74.L
BBLL.L
UB74.L vs. BBLL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.L) and JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.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.
| UB74.L | BBLL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.13 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 1.09 | -0.14 |
| Martin ratioReturn relative to average drawdown | 2.39 | 2.77 | -0.37 |
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
| UB74.L | BBLL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.77 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.57 | -0.30 |
Drawdowns
UB74.L vs. BBLL.L - Drawdown Comparison
The maximum UB74.L drawdown since its inception was -18.81%, which is greater than BBLL.L's maximum drawdown of -4.55%. Use the drawdown chart below to compare losses from any high point for UB74.L and BBLL.L.
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Drawdown Indicators
| UB74.L | BBLL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.81% | -4.55% | -14.26% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -4.55% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -8.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.33% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.81% | — | — |
Current DrawdownCurrent decline from peak | -7.81% | -1.11% | -6.70% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -1.59% | -6.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 1.79% | +0.03% |
Volatility
UB74.L vs. BBLL.L - Volatility Comparison
The current volatility for UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.L) is 1.70%, while JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.L) has a volatility of 1.86%. This indicates that UB74.L experiences smaller price fluctuations and is considered to be less risky than BBLL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UB74.L | BBLL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 1.86% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 4.69% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.14% | 6.43% | -0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.08% | 6.41% | +1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.27% | 6.41% | +2.86% |
UB74.L vs. BBLL.L - Expense Ratio Comparison
UB74.L has a 0.05% expense ratio, which is lower than BBLL.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
UB74.L vs. BBLL.L - Dividend Comparison
UB74.L's dividend yield for the trailing twelve months is around 3.69%, while BBLL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBLL.L 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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 3.69% | 4.94% | 3.67% | 2.23% | 0.41% | 0.36% | 1.68% | 2.28% | 1.10% | 0.65% | 0.62% | 0.41% |
Frequently Asked Questions
With a correlation of 0.98, UB74.L and BBLL.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, UB74.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UB74.L is cheaper with a 0.05% expense ratio, compared with 0.07% for BBLL.L.
UB74.L tracks Bloomberg US 1-3 Year Treasury Bond Index, while BBLL.L tracks ICE US Treasury 0-1 Year Index. They also come from different issuers: UBS and JPMorgan. Their fees differ too: 0.05% for UB74.L and 0.07% for BBLL.L.
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