VRTL vs. BBSB

Last updated Jun 23, 2026

VRTL (GraniteShares 2x Long VRT Daily ETF) and BBSB (JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF) are both exchange-traded funds - VRTL is a Leveraged Equities fund actively managed by GraniteShares, while BBSB is a Government Bonds fund tracking the ICE U.S. Treasury 1-3 Year Bond Index. VRTL is actively managed, while BBSB is passively managed. Over the past year, VRTL returned 458.39% vs 3.03% for BBSB. At a correlation of -0.21, they often move in opposite directions. VRTL charges 1.50%/yr vs 0.04%/yr for BBSB.

Performance

VRTL vs. BBSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long VRT Daily ETF (VRTL) and JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VRTL achieves a 272.11% return, which is significantly higher than BBSB's 0.39% return.

VRTL

• 1D: 14.98%
• 1M: 14.61%
• YTD: 272.11%
• 6M: 250.93%
• 1Y: 458.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBSB

• 1D: -0.06%
• 1M: 0.09%
• YTD: 0.39%
• 6M: 0.51%
• 1Y: 3.03%
• 3Y*: 4.17%
• 5Y*: —
• 10Y*: —

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

VRTL vs. BBSB - Yearly Performance Comparison

	2026 (YTD)	2025
VRTL GraniteShares 2x Long VRT Daily ETF	272.11%	110.50%
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF	0.39%	3.75%

Correlation

The correlation between VRTL and BBSB is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (All Time) Calculated using the full available price history since Mar 25, 2025	-0.21

Return for Risk

VRTL vs. BBSB — Risk / Return Rank

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

VRTL

VRTL Risk / Return Rank: 89
VRTL Sharpe Ratio Rank: 96
VRTL Sortino Ratio Rank: 82
VRTL Omega Ratio Rank: 76
VRTL Calmar Ratio Rank: 97
VRTL Martin Ratio Rank: 93

BBSB

BBSB Risk / Return Rank: 80
BBSB Sharpe Ratio Rank: 78
BBSB Sortino Ratio Rank: 90
BBSB Omega Ratio Rank: 84
BBSB Calmar Ratio Rank: 73
BBSB Martin Ratio Rank: 77

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.

VRTL vs. BBSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long VRT Daily ETF (VRTL) and JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB). 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.

	VRTL	BBSB	Difference
Sharpe ratio: Return per unit of total volatility	3.93	2.39	+1.55
Sortino ratio: Return per unit of downside risk	3.47	3.97	-0.50
Omega ratio: Gain probability vs. loss probability	1.43	1.49	-0.06
Calmar ratio: Return relative to maximum drawdown	9.74	3.56	+6.19
Martin ratio: Return relative to average drawdown	22.96	14.24	+8.72

VRTL vs. BBSB - Sharpe Ratio Comparison

The current VRTL Sharpe Ratio is 3.93, which is higher than the BBSB Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of VRTL and BBSB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VRTL vs. BBSB - Drawdown Comparison

The maximum VRTL drawdown since its inception was -60.58%, which is greater than BBSB's maximum drawdown of -1.57%. Use the drawdown chart below to compare losses from any high point for VRTL and BBSB.

Drawdown Indicators

	VRTL	BBSB	Difference
Max Drawdown Largest peak-to-trough decline	-60.58%	-1.57%	-59.01%
Max Drawdown (1Y) Largest decline over 1 year	-47.45%	-0.86%	-46.59%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.96%	—
Current Drawdown Current decline from peak	-14.57%	-0.33%	-14.24%
Average Drawdown Average peak-to-trough decline	-15.87%	-0.31%	-15.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.09%	0.21%	+19.88%

Volatility

VRTL vs. BBSB - Volatility Comparison

GraniteShares 2x Long VRT Daily ETF (VRTL) has a higher volatility of 35.04% compared to JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) at 0.41%. This indicates that VRTL's price experiences larger fluctuations and is considered to be riskier than BBSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VRTL	BBSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	35.04%	0.41%	+34.63%
Volatility (6M) Calculated over the trailing 6-month period	88.31%	0.90%	+87.41%
Volatility (1Y) Calculated over the trailing 1-year period	117.72%	1.28%	+116.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	125.29%	1.66%	+123.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	125.29%	1.66%	+123.63%

VRTL vs. BBSB - Expense Ratio Comparison

VRTL has a 1.50% expense ratio, which is higher than BBSB's 0.04% expense ratio.

Dividends

VRTL vs. BBSB - Dividend Comparison

VRTL has not paid dividends to shareholders, while BBSB's dividend yield for the trailing twelve months is around 3.81%.

Position	TTM	2025	2024	2023
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF	3.81%	3.69%	4.84%	3.50%
VRTL GraniteShares 2x Long VRT Daily ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VRTL and BBSB in my portfolio?

VRTL and BBSB have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VRTL or BBSB?

VRTL has higher volatility (35.04%) compared to BBSB (0.41%). In terms of maximum drawdown, VRTL dropped -60.58% vs BBSB's -1.57%.

Which ETF is better, VRTL or BBSB?

On 1-year performance, VRTL leads with 458.39% vs 3.03% for BBSB. On fees, BBSB is cheaper at 0.04% per year. On volatility, BBSB has been the lower-risk option at 0.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VRTL or BBSB?

Over the 1-year period, VRTL has performed better with a 458.39% return vs 3.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VRTL or BBSB?

BBSB is cheaper with a 0.04% expense ratio, compared with 1.50% for VRTL.

Which ETF pays a higher dividend yield, VRTL or BBSB?

BBSB has the higher dividend yield at 3.81%, compared with 0.00% for VRTL.

What is the main difference between VRTL and BBSB?

VRTL is categorized as Leveraged Equities, while BBSB is Government Bonds. They also come from different issuers: GraniteShares and JPMorgan. Their fees differ too: 1.50% for VRTL and 0.04% for BBSB.

Which has better risk-adjusted returns?

VRTL currently has the higher Sharpe Ratio (3.93 vs 2.39), 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.