ZTEN vs. BBLB
ZTEN (F/M 10-Year Investment Grade Corporate Bond ETF) and BBLB (JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF) are both exchange-traded funds - ZTEN is a Long-Term Bond fund tracking the ICE 10-Year US Target Maturity Corporate Index - Benchmark TR Gross, while BBLB is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past year, ZTEN returned 3.15% vs -1.51% for BBLB. Their correlation of 0.88 means they have usually moved in the same direction. ZTEN charges 0.15%/yr vs 0.04%/yr for BBLB.
Performance
ZTEN vs. BBLB - Performance Comparison
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Returns By Period
In the year-to-date period, ZTEN achieves a 0.08% return, which is significantly higher than BBLB's -2.53% return.
ZTEN
- 1D
- 0.60%
- 1M
- -0.73%
- 6M
- 0.06%
- YTD
- 0.08%
- 1Y
- 3.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.79%
BBLB
- 1D
- 0.72%
- 1M
- -2.86%
- 6M
- -2.32%
- YTD
- -2.53%
- 1Y
- -1.51%
- 3Y*
- -0.80%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.45K | $41.67K | $60.66K | |
| $51.21K | $43.84K | $104.13K |
ZTEN vs. BBLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF | 0.08% | 9.15% | 0.29% |
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | -2.53% | 4.26% | -1.94% |
Correlation
The correlation between ZTEN and BBLB is 0.87, 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. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2024 | 0.88 |
The correlation between ZTEN and BBLB has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.
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Return for Risk
ZTEN vs. BBLB — Risk / Return Rank
ZTEN
BBLB
ZTEN vs. BBLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN) and JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB). 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.
| ZTEN | BBLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.98 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | -0.20 | +1.15 |
| Martin ratioReturn relative to average drawdown | 2.62 | -0.42 | +3.05 |
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Drawdowns
ZTEN vs. BBLB - Drawdown Comparison
The maximum ZTEN drawdown since its inception was -3.43%, smaller than the maximum BBLB drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for ZTEN and BBLB.
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Drawdown Indicators
| ZTEN | BBLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.43% | -21.06% | +17.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -7.76% | +4.44% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.67% | — |
Current DrawdownCurrent decline from peak | -1.54% | -10.92% | +9.38% |
Average DrawdownAverage peak-to-trough decline | -0.86% | -8.94% | +8.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 3.58% | -2.38% |
Volatility
ZTEN vs. BBLB - Volatility Comparison
The current volatility for F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN) is 1.53%, while JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) has a volatility of 2.67%. This indicates that ZTEN experiences smaller price fluctuations and is considered to be less risky than BBLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZTEN | BBLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 2.67% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.07% | 6.95% | -2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.92% | 9.26% | -4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.73% | 13.62% | -7.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.73% | 13.62% | -7.89% |
ZTEN vs. BBLB - Expense Ratio Comparison
ZTEN has a 0.15% expense ratio, which is higher than BBLB's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ZTEN vs. BBLB - Dividend Comparison
ZTEN's dividend yield for the trailing twelve months is around 5.08%, more than BBLB's 4.99% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | 4.99% | 5.03% | 5.34% | 2.82% |
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF | 5.08% | 5.16% | 0.44% | 0.00% |
Frequently Asked Questions
ZTEN and BBLB have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBLB has higher volatility (2.67%) compared to ZTEN (1.53%). In terms of maximum drawdown, ZTEN dropped -3.43% vs BBLB's -21.06%.
On 1-year performance, ZTEN leads with 3.15% vs -1.51% for BBLB. On fees, BBLB is cheaper at 0.04% per year. On volatility, ZTEN has been the lower-risk option at 1.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ZTEN has performed better with a 3.15% return vs -1.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBLB is cheaper with a 0.04% expense ratio, compared with 0.15% for ZTEN.
ZTEN has the higher dividend yield at 5.08%, compared with 4.99% for BBLB.
ZTEN is categorized as Long-Term Bond, while BBLB is Government Bonds. ZTEN tracks ICE 10-Year US Target Maturity Corporate Index - Benchmark TR Gross, while BBLB tracks ICE U.S. Treasury 20+ Year Bond Index. They also come from different issuers: F/m and JPMorgan. Their fees differ too: 0.15% for ZTEN and 0.04% for BBLB.
ZTEN currently has the higher Sharpe Ratio (0.64 vs -0.16), 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.
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