Skip to content

BBLB

GradeAChicago Board Options Exchange

JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF

Treasury & Government Bond · J.P. Morgan · Inception 2023-04-19 · SEC filings

$75.84−1.36 (−1.77%)

As of Sep 23, 2026, 2:55 PM EDT

History starts Apr 20, 2023.
Intraday session: down, 7 prints from 77.20 to 75.84. Range 75.82 to 77.20. Use the arrow keys to read each point.$76.50$77.0010 AM12 PM2 PM4 PM
Expense ratio
0.04%
Fund size
$33M
1Y return
−3.5%
Yield · Last 12 months
5.04%
Holdings
41
Volume · 30D
0M sh
NAV per share
$77.18
52W range
low $76.24high $87.01

The ETF.net BBLB Grade

A

75/ 100

Rank 2 of 11 in Treasuries (20+ Year)

Confidence High

Six-pillar profile for BBLB. Scores out of 100: Cost 92, Risk 64, Mission 100, Tradability 31, Holdings 68, Durability 33. Strongest: Mission (100). Weakest: Tradability (31). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 75 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 92
    Category rank1/11 · top 9%
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank1/9 · top 11%
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 64
    Category rank3/11 · top 27%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 31
    Category rank9/11 · bottom quartile
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 68
    Category rank4/10 · top 40%
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 33
    Category rank9/11 · bottom quartile

Graded as of Sep 22, 2026

Our read on BBLB

ETF.net Research

AThe same 20+ year Treasury index the category's household name tracks, at a fraction of the fee. A plain, cheap wrapper on the long end of the curve, still small and young by category standards.

Stated mandate

The fund seeks investment results that closely correspond, before fees and expenses, to the ICE U.S. Treasury 20+ Year Bond Index.

Why people hold it

  1. 01Costs 0.04% a year against a 0.15% median for long-Treasury funds, and follows the very same index as TLT, which charges 0.15%.
  2. 02No clever overlay. It holds the actual long-dated Treasuries of the ICE U.S. Treasury 20+ Year Bond Index, a few dozen bonds, and has hugged that benchmark closely.
  3. 03Coupon income is paid out monthly, not quarterly, so cash arrives on a steadier rhythm.
  4. 04On cost and index fidelity, one of the tidiest implementations in the long-Treasury group, alongside cheap rivals like VGLT and EDV.

Worth knowing

  1. 01Trades thinly next to the category's giants, so spreads can widen. Limit orders do real work here.
  2. 02A small fund launched in 2023, without the asset base or history of the older names tracking the same ground.
  3. 03Bonds maturing 20+ years out swing hard when long yields move. Credit risk is about as low as it gets; interest-rate risk is not.

BBLB Holdings

As of Sep 21, 2026, 6:54 PM
Asset class
Bonds
Holdings
41
Top-10 weight
40%
Largest holding
UNITED STATES OF 5% 05/564.1%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001UNITED STATES OF 5% 05/564.10%1,416,000$1M31
002UNITED STATES 4.75% 08/554.08%1,468,000$1M15
003UNITED STATES 4.75% 05/554.04%1,454,000$1M13
004UNITED 4.625% 02/554.03%1,480,000$1M17
005UNITED 4.625% 11/554.03%1,479,000$1M20
006UNITED STATES 4.5% 11/543.95%1,480,000$1M14
007UNITED STATES 4.75% 11/533.93%1,416,000$1M11
008UNITED STATES 4.75% 02/563.92%1,409,000$1M16
009UNITED 4.625% 05/543.88%1,423,000$1M14
010UNITED STATES 4.25% 08/543.72%1,452,000$1M17
011UNITED STATES 4.25% 02/543.63%1,420,000$1M14
012UNITED 4.125% 08/533.38%1,349,000$1M14
013UNITED 3.625% 05/532.83%1,233,000$927K12
014UNITED STATES OF 4% 11/522.81%1,144,000$922K10
015UNITED 2.375% 05/512.62%1,463,000$860K13

Showing 1–15 of 42 holdings

BBLB Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

BBLB$9,646
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. BBLB $9,646. SPY $11,723. Use the arrow keys to read each point.$9,347$10,644$11,941Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BBLB. Periods over one year show the average yearly return.
PeriodBBLB
Year to date−3.4%
1 month+0.1%
3 months−3.9%
1 year−3.5%
3 years+0.6%per year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BBLB
YearReturn barBBLB
2026 YTD−3.4%
2025+4.3%
2024−7.8%
2023−2.9%

History from Apr 20, 2023

BBLB in the news

ETF.net Research hasn’t filed on BBLB yet — coverage lands here as it’s written.

BBLB Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
5.04%Last 12 months
Payout per share
$3.89Last 12 months
Last payment
$0.34 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 41 payments from 2023 to 2026 YTD. May 1, 2023 $0.12; Jun 1, 2023 $0.34; Jul 3, 2023 $0.25; Aug 1, 2023 $0.34; Sep 1, 2023 $0.34; Oct 2, 2023 $0.33; Nov 1, 2023 $0.33; Dec 1, 2023 $0.32; Dec 28, 2023 $0.31; Feb 1, 2024 $0.35; Mar 1, 2024 $0.45; Apr 1, 2024 $0.36; May 1, 2024 $0.34; Jun 3, 2024 $0.34; Jul 1, 2024 $0.32; Aug 1, 2024 $0.33; Sep 3, 2024 $0.33; Oct 1, 2024 $0.56; Nov 1, 2024 $0.39; Dec 2, 2024 $0.31; Dec 31, 2024 $0.35; Feb 3, 2025 $0.25; Mar 3, 2025 $0.29; Apr 1, 2025 $0.30; May 1, 2025 $0.39; Jun 2, 2025 $0.29; Jul 1, 2025 $0.36; Aug 1, 2025 $0.47; Sep 2, 2025 $0.35; Oct 1, 2025 $0.35; Nov 3, 2025 $0.35; Dec 1, 2025 $0.35; Dec 31, 2025 $0.41; Feb 2, 2026 $0.30; Mar 2, 2026 $0.32; Apr 1, 2026 $0.07; May 1, 2026 $0.34; Jun 1, 2026 $0.37; Jul 1, 2026 $0.34; Aug 3, 2026 $0.35; Sep 1, 2026 $0.34. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 3, 2026$0.34
Aug 3, 2026Aug 5, 2026$0.35
Jul 1, 2026Jul 6, 2026$0.34
Jun 1, 2026Jun 3, 2026$0.37
May 1, 2026May 5, 2026$0.34
Apr 1, 2026Apr 6, 2026$0.07
Mar 2, 2026Mar 4, 2026$0.32
Feb 2, 2026Feb 4, 2026$0.30
Dec 31, 2025Jan 5, 2026$0.41
Dec 1, 2025Dec 3, 2025$0.35
Nov 3, 2025Nov 5, 2025$0.35
Oct 1, 2025Oct 3, 2025$0.35

BBLB Risk

How much the fund’s monthly returns vary, scaled to a year.
13.7%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.34
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−21.0%
41 months · trough Oct 2023
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.40
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

BBLB Cost

Expense ratio0.04%
  • The middle half of Treasuries (20+ Year) funds
  • Median 0.15%

1 of the 11 Treasuries (20+ Year) funds charge less.

BBLB costs $4.00 a year on $10,000. The median Treasuries (20+ Year) fund costs $15.00.