UTWY vs. BBBL
UTWY (F/m US Treasury 20 Year Bond ETF) and BBBL (Bondbloxx BBB Rated 10+ Year Corporate Bond ETF) are both exchange-traded funds - UTWY is a Government Bonds fund tracking the Bloomberg US Treasury Bellwether 20 Year Index, while BBBL is a Long-Term Bond fund tracking the Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross. Both are passively managed. Over the past year, UTWY returned -1.66% vs -0.02% for BBBL. Their correlation of 0.91 means they have usually moved in the same direction. UTWY charges 0.15%/yr vs 0.19%/yr for BBBL.
Performance
UTWY vs. BBBL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UTWY achieves a -3.22% return, which is significantly lower than BBBL's -2.30% return.
UTWY
- 1D
- -0.65%
- 1M
- -3.22%
- 6M
- -3.26%
- YTD
- -3.22%
- 1Y
- -1.66%
- 3Y*
- -0.41%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.63%
BBBL
- 1D
- -0.29%
- 1M
- -3.80%
- 6M
- -3.14%
- YTD
- -2.30%
- 1Y
- -0.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.61K | $94.14K | $59.58K | |
| $108.36K | $60.31K | $63.45K |
UTWY vs. BBBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UTWY F/m US Treasury 20 Year Bond ETF | -3.22% | 4.82% | -1.36% |
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF | -2.30% | 7.02% | 0.93% |
Correlation
The correlation between UTWY and BBBL is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024 | 0.91 |
The correlation between UTWY and BBBL has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UTWY vs. BBBL — Risk / Return Rank
UTWY
BBBL
UTWY vs. BBBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/m US Treasury 20 Year Bond ETF (UTWY) and Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UTWY | BBBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.03 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 0.17 | -0.23 |
| Martin ratioReturn relative to average drawdown | -0.12 | 0.39 | -0.51 |
Loading charts...
Drawdowns
UTWY vs. BBBL - Drawdown Comparison
The maximum UTWY drawdown since its inception was -18.19%, which is greater than BBBL's maximum drawdown of -9.43%. Use the drawdown chart below to compare losses from any high point for UTWY and BBBL.
Loading charts...
Drawdown Indicators
| UTWY | BBBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.19% | -9.43% | -8.76% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -5.45% | -1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -11.88% | — | — |
Current DrawdownCurrent decline from peak | -8.47% | -5.31% | -3.16% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -3.26% | -3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.45% | +0.55% |
Volatility
UTWY vs. BBBL - Volatility Comparison
F/m US Treasury 20 Year Bond ETF (UTWY) has a higher volatility of 2.09% compared to Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) at 1.97%. This indicates that UTWY's price experiences larger fluctuations and is considered to be riskier than BBBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UTWY | BBBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 1.97% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 6.01% | 5.94% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.83% | 7.67% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.97% | 9.66% | +1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.97% | 9.66% | +1.31% |
UTWY vs. BBBL - Expense Ratio Comparison
UTWY has a 0.15% expense ratio, which is lower than BBBL's 0.19% 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
UTWY vs. BBBL - Dividend Comparison
UTWY's dividend yield for the trailing twelve months is around 5.27%, less than BBBL's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF | 5.33% | 5.77% | 5.19% | 0.00% |
UTWY F/m US Treasury 20 Year Bond ETF | 4.85% | 4.62% | 4.56% | 2.94% |
Frequently Asked Questions
With a correlation of 0.91, UTWY and BBBL 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.
UTWY has higher volatility (2.09%) compared to BBBL (1.97%). In terms of maximum drawdown, UTWY dropped -18.19% vs BBBL's -9.43%.
On 1-year performance, BBBL leads with -0.02% vs -1.66% for UTWY. On fees, UTWY is cheaper at 0.15% per year. On volatility, BBBL has been the lower-risk option at 1.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BBBL has performed better with a -0.02% return vs -1.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UTWY is cheaper with a 0.15% expense ratio, compared with 0.19% for BBBL.
BBBL has the higher dividend yield at 5.33%, compared with 4.85% for UTWY.
UTWY is categorized as Government Bonds, while BBBL is Long-Term Bond. UTWY tracks Bloomberg US Treasury Bellwether 20 Year Index, while BBBL tracks Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross. They also come from different issuers: F/m and BondBloxx. Their fees differ too: 0.15% for UTWY and 0.19% for BBBL.
BBBL currently has the higher Sharpe Ratio (0.12 vs -0.05), 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.
Find the right allocation for UTWY and BBBL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer