BBIB vs UFIV

BBIBAJPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF

UFIVBUS Treasury 5 Year Note ETF

In short

BBIB A plain ladder of 3-to-10-year Treasuries at four basis points. JPMorgan showed up late to this corner of the market and priced its way in, undercutting most of the intermediate Treasury shelf while hugging its index.

UFIV One bond, one ticker. UFIV holds the most recently auctioned 5-year Treasury note and rolls into the new one at each auction, pinning you to a single point on the curve instead of a blended bucket of maturities.

Stated mandate

BBIB The fund is designed to provide current income and to closely track the investment results of the ICE U.S. Treasury 3-10 Year benchmark.

UFIV The fund seeks results that generally correspond to the performance of its benchmark, the Bloomberg US Treasury Bellwether 5Y Total Return USD Unhedged Index.

Why people hold it

• BBIB Charges 0.04% a year, well below the typical intermediate Treasury fund and only a hair off the cheapest names in the group (SPTI, SCHR).
• Built to track the ICE U.S. Treasury 3-10 Year index and stays close to it, one of the tightest implementations in its peer group.jpmorgan.com
• Straight government paper, roughly 80 issues, no credit sleeve, and income paid monthly.

• UFIV Single-security design: it owns the current on-the-run 5-year Treasury note and rolls automatically at each new auction, so the exposure stays at the 5-year tenor.fminvest.com
• Aims to pay dividends at least monthly, a more frequent cadence than the semiannual coupons on the underlying note.fminvest.com
• Tracks its Bloomberg 5Y Treasury bellwether index tightly, which is the whole job when the benchmark is effectively one bond.

Worth knowing

• BBIB Thinly traded next to the category's giants, so spreads can run wider and bigger orders take more care.
• A 2023 launch with a modest asset base, so the record here is short compared with decade-old rivals.
• Intermediate duration cuts both ways: prices move opposite yields, more than cash-like funds and less than long bonds.

• UFIV 0.15% a year sits at the category median, but broad intermediate Treasury baskets like SPTI and SCHR charge 0.03%.
• One holding means no spread across maturities: the price tracks the 5-year yield in both directions, with duration parked near five years.fminvest.com
• A small, thinly traded fund, so bid-ask spreads carry more weight at the moment of the trade than they do in the giant Treasury ETFs.

Full BBIB profile⁠

Full UFIV profile⁠