BBLB vs SPY
JPMorgan BetaBuilders US Treasury Bond 20+ Year ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
BBLB has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | BBLB | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 0.09% | |
| AUM | $32M | $789.1B | |
| Dividend Yield | 4.79% | 1.01% | |
| Holdings | 42 | 505 | |
| YTD Return | -4.02% | +13.79% | |
| 1Y Return | -2.85% | +23.66% | |
| 3Y Return (annualized) | -1.40% | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 13.3% | 15.3% | |
| Max Drawdown | -21.1% | -56.5% | |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Apr 19, 2023 | Jan 22, 1993 |
BBLB vs SPY Performance
JPMorgan BetaBuilders US Treasury Bond 20+ Year ETF (BBLB) is a ETF from J.P. Morgan Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BBLB returned -2.85% while SPY returned +23.66%. Year to date, BBLB is down 4.02% versus a gain of 13.79% for SPY.
Over three years, BBLB compounded at -1.40% per year against +21.40% for SPY. Across the full 3-year window we track, SPY has the edge at +8.85% annualized vs -3.50%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.3% for BBLB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -21.1% for BBLB and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BBLB charges 0.04% per year while SPY charges 0.09%. On a $10,000 position that is $4 vs $9 annually, a gap of $5 per year that compounds over a long holding period. On income, BBLB currently yields 4.79% against 1.01% for SPY.
Holdings Overlap
BBLB and SPY share 0 holdings out of 542 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BBLB or SPY?
BBLB has an expense ratio of 0.04% while SPY charges 0.09%. BBLB is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
Which performed better, BBLB or SPY?
Over the past year BBLB returned -2.85% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), BBLB annualized -3.50% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, BBLB or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.3% for BBLB. Worst drawdown: BBLB -21.1% vs SPY -56.5%.
Should I hold both BBLB and SPY?
BBLB and SPY have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BBLB and SPY?
BBLB and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 542 unique securities.
Which pays a higher dividend, BBLB or SPY?
BBLB yields 4.79% while SPY yields 1.01%, so BBLB currently pays the higher dividend yield.
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