VDST.L vs. BB3M.L

Last updated Jun 5, 2026

VDST.L (Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating) and BB3M.L (JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD) are both exchange-traded funds - VDST.L is a Government Bonds fund tracking the Bloomberg Short Treasury Index, while BB3M.L is a Ultrashort Bond fund actively managed by JPMorgan. VDST.L is passively managed, while BB3M.L is actively managed. Over the past 5 years, VDST.L returned 3.36%/yr vs 3.46%/yr for BB3M.L. At a 0.23 correlation, their price movements are largely independent. VDST.L charges 0.05%/yr vs 0.07%/yr for BB3M.L.

Performance

VDST.L vs. BB3M.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating (VDST.L) and JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD (BB3M.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with VDST.L having a 1.46% return and BB3M.L slightly higher at 1.48%.

VDST.L

• 1D: 0.04%
• 1M: 0.31%
• YTD: 1.46%
• 6M: 1.75%
• 1Y: 3.95%
• 3Y*: 4.71%
• 5Y*: 3.36%
• 10Y*: —

BB3M.L

• 1D: 0.05%
• 1M: 0.34%
• YTD: 1.48%
• 6M: 1.88%
• 1Y: 3.95%
• 3Y*: 4.69%
• 5Y*: 3.46%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VDST.L vs. BB3M.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VDST.L Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating	1.46%	4.26%	5.24%	4.98%	0.95%	0.01%
BB3M.L JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD	1.48%	4.28%	5.24%	4.94%	1.46%	-0.02%

Correlation

The correlation between VDST.L and BB3M.L is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021	0.23

The correlation between VDST.L and BB3M.L shifts across timeframes, from -0.01 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VDST.L vs. BB3M.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VDST.L

VDST.L Risk / Return Rank: 99
VDST.L Sharpe Ratio Rank: 99
VDST.L Sortino Ratio Rank: 99
VDST.L Omega Ratio Rank: 99
VDST.L Calmar Ratio Rank: 99
VDST.L Martin Ratio Rank: 99

BB3M.L

BB3M.L Risk / Return Rank: 98
BB3M.L Sharpe Ratio Rank: 97
BB3M.L Sortino Ratio Rank: 98
BB3M.L Omega Ratio Rank: 98
BB3M.L Calmar Ratio Rank: 99
BB3M.L Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VDST.L vs. BB3M.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating (VDST.L) and JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD (BB3M.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.

	VDST.L	BB3M.L	Difference
Sharpe ratio: Return per unit of total volatility	9.31	4.80	+4.52
Sortino ratio: Return per unit of downside risk	22.17	8.13	+14.04
Omega ratio: Gain probability vs. loss probability	4.88	2.14	+2.74
Calmar ratio: Return relative to maximum drawdown	36.06	28.84	+7.22
Martin ratio: Return relative to average drawdown	244.57	103.10	+141.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VDST.L vs. BB3M.L - Sharpe Ratio Comparison

The current VDST.L Sharpe Ratio is 9.31, which is higher than the BB3M.L Sharpe Ratio of 4.80. The chart below compares the historical Sharpe Ratios of VDST.L and BB3M.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VDST.L	BB3M.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	9.31	4.80	+4.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	8.05	3.51	+4.54
Sharpe Ratio (All Time) Calculated using the full available price history	7.83	3.40	+4.43

Drawdowns

VDST.L vs. BB3M.L - Drawdown Comparison

The maximum VDST.L drawdown since its inception was -0.36%, smaller than the maximum BB3M.L drawdown of -1.19%. Use the drawdown chart below to compare losses from any high point for VDST.L and BB3M.L.

Drawdown Indicators

	VDST.L	BB3M.L	Difference
Max Drawdown Largest peak-to-trough decline	-0.36%	-1.19%	+0.83%
Max Drawdown (1Y) Largest decline over 1 year	-0.11%	-0.14%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	-0.15%	-0.23%	+0.08%
Max Drawdown (5Y) Largest decline over 5 years	-0.36%	-1.19%	+0.83%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.03%	-0.03%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	0.04%	-0.02%

Volatility

VDST.L vs. BB3M.L - Volatility Comparison

The current volatility for Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating (VDST.L) is 0.12%, while JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD (BB3M.L) has a volatility of 0.30%. This indicates that VDST.L experiences smaller price fluctuations and is considered to be less risky than BB3M.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VDST.L	BB3M.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.12%	0.30%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	0.33%	0.63%	-0.30%
Volatility (1Y) Calculated over the trailing 1-year period	0.42%	0.82%	-0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.47%	0.99%	-0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.46%	0.96%	-0.50%

VDST.L vs. BB3M.L - Expense Ratio Comparison

VDST.L has a 0.05% expense ratio, which is lower than BB3M.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

VDST.L vs. BB3M.L - Dividend Comparison

Neither VDST.L nor BB3M.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VDST.L and BB3M.L in my portfolio?

VDST.L and BB3M.L have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VDST.L or BB3M.L?

On fees, VDST.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VDST.L or BB3M.L?

VDST.L is cheaper with a 0.05% expense ratio, compared with 0.07% for BB3M.L.

What is the main difference between VDST.L and BB3M.L?

VDST.L is categorized as Government Bonds, while BB3M.L is Ultrashort Bond. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.05% for VDST.L and 0.07% for BB3M.L.