XUTD.DE vs. BBTR.DE
XUTD.DE (Xtrackers II US Treasuries UCITS ETF 1D) and BBTR.DE (JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc)) are both Government Bonds funds - XUTD.DE tracks the iBoxx USD Treasuries Index while BBTR.DE tracks the J.P. Morgan Government Bond US Index. Both are passively managed. Over the past 5 years, XUTD.DE returned 0.60%/yr vs 0.48%/yr for BBTR.DE. With a 0.98 correlation, they move nearly in lockstep. XUTD.DE charges 0.06%/yr vs 0.07%/yr for BBTR.DE.
Performance
XUTD.DE vs. BBTR.DE - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with XUTD.DE at 3.91% and BBTR.DE at 3.91%.
XUTD.DE
- 1D
- -0.12%
- 1M
- 3.16%
- YTD
- 3.91%
- 6M
- 4.35%
- 1Y
- 5.89%
- 3Y*
- 1.65%
- 5Y*
- 0.60%
- 10Y*
- 0.46%
BBTR.DE
- 1D
- -0.13%
- 1M
- 3.19%
- YTD
- 3.91%
- 6M
- 4.30%
- 1Y
- 5.81%
- 3Y*
- 1.51%
- 5Y*
- 0.48%
- 10Y*
- —
XUTD.DE vs. BBTR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XUTD.DE Xtrackers II US Treasuries UCITS ETF 1D | 3.91% | -5.36% | 6.37% | 0.41% | -7.34% | 5.70% | -1.66% | 5.14% |
BBTR.DE JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) | 3.91% | -5.45% | 6.14% | 0.23% | -7.48% | 5.70% | -1.38% | -5.99% |
Correlation
The correlation between XUTD.DE and BBTR.DE is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2019 | 0.98 |
The correlation between XUTD.DE and BBTR.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
XUTD.DE vs. BBTR.DE — Risk / Return Rank
XUTD.DE
BBTR.DE
XUTD.DE vs. BBTR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries UCITS ETF 1D (XUTD.DE) and JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) (BBTR.DE). 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.
| XUTD.DE | BBTR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.43 | +0.07 |
| Martin ratioReturn relative to average drawdown | 3.88 | 3.71 | +0.17 |
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Drawdowns
XUTD.DE vs. BBTR.DE - Drawdown Comparison
The maximum XUTD.DE drawdown since its inception was -18.01%, roughly equal to the maximum BBTR.DE drawdown of -18.35%. Use the drawdown chart below to compare losses from any high point for XUTD.DE and BBTR.DE.
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Drawdown Indicators
| XUTD.DE | BBTR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.01% | -18.35% | +0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -3.92% | -4.05% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -11.06% | -11.13% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -13.06% | -13.21% | +0.15% |
Max Drawdown (10Y)Largest decline over 10 years | -18.01% | — | — |
Current DrawdownCurrent decline from peak | -10.96% | -11.66% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -9.37% | -11.46% | +2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.56% | -0.04% |
Volatility
XUTD.DE vs. BBTR.DE - Volatility Comparison
Xtrackers II US Treasuries UCITS ETF 1D (XUTD.DE) and JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) (BBTR.DE) have volatilities of 1.47% and 1.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUTD.DE | BBTR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 1.47% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.94% | 3.95% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.60% | 5.57% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.15% | 8.14% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.96% | 8.85% | -0.89% |
XUTD.DE vs. BBTR.DE - Expense Ratio Comparison
XUTD.DE has a 0.06% expense ratio, which is lower than BBTR.DE'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
XUTD.DE vs. BBTR.DE - Dividend Comparison
XUTD.DE's dividend yield for the trailing twelve months is around 3.37%, while BBTR.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BBTR.DE JPMorgan BetaBuilders US Treasury Bond 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% |
XUTD.DE Xtrackers II US Treasuries UCITS ETF 1D | 3.37% | 3.43% | 3.53% | 2.45% | 1.97% | 3.26% | 1.18% | 1.46% | 1.26% | 1.50% | 1.97% |
Frequently Asked Questions
With a correlation of 0.99, XUTD.DE and BBTR.DE 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, XUTD.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUTD.DE is cheaper with a 0.06% expense ratio, compared with 0.07% for BBTR.DE.
XUTD.DE tracks iBoxx USD Treasuries Index, while BBTR.DE tracks J.P. Morgan Government Bond US Index. They also come from different issuers: Xtrackers and JPMorgan. Their fees differ too: 0.06% for XUTD.DE and 0.07% for BBTR.DE.
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