BBIB vs UTRE: Grades, Fees and Holdings Compared

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

BBIBACboe

US Treasury 3 Year Note ETF

UTREBNasdaq

Overlap

No data

Expense ratio

BBIB −0.11pt a year

BBIB0.04%UTRE0.15%

Avg volume · 30D

UTRE 1.6×the volume

BBIB5.46KUTRE8.96K

3Y return · a year

BBIB +0.4pt

BBIB+4.3%UTRE+3.9%

BBIB vs UTRE Performance

Nov 7, 2025 – Nov 9, 2026

−0.2%BBIB+1.0%UTRE

Expense ratio: BBIB 0.04%, better; UTRE 0.15%
Fund size: BBIB $77M; UTRE $14M
1Y total return: BBIB −0.2%; UTRE +1.0%, better
Yield (12M): BBIB 4.03%, better; UTRE 3.76%
Holdings: BBIB 81; UTRE 2
Avg volume (30D): BBIB 5.46K sh; UTRE 8.96K sh, better
NAV per share: BBIB $95.69; UTRE $48.55
52W range

ETF.net Grade

Pillar letters and Scores for BBIB, UTRE, with each pillar’s weight
Pillar	BBIB	UTRE
Cost30% weight	A92Higher	D28
Mission25% weight	A100Higher	A96
Risk15% weight	B61	B65Higher
Tradability15% weight	D31	C51Higher
Holdings10% weight	B65Higher	D34
Durability5% weight	C43	C44Higher

Rank among Treasuries (3-10 Year) funds

How we build Categories ›

Same Category. BBIB and UTRE are both graded against the same 19 Treasuries (3-10 Year) funds, so their Grades compare head to head.

Treasuries (3-10 Year)⁠

Category · 19 funds

See all 19 ›

BBIB ranks 4th and UTRE 12th of 19 funds in the Treasuries (3-10 Year) Category.

Rank 1AVGITVanguard Intermediate-Term Treasury ETFScore 84
Rank 2ASPTIState Street SPDR Portfolio Intermediate Term Treasury ETFScore 83
Rank 3ASCHRSchwab Intermediate-Term U.S. Treasury ETFScore 82
Rank 4ABBIBJPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETFScore 74
Rank 5AXTREBondBloxx Bloomberg Three Year Target Duration US Treasury ETFScore 72
Rank 12BUTENUS Treasury 10 Year Note ETFScore 55
Rank 12BUTREUS Treasury 3 Year Note ETFScore 55
Rank 14CUSVNUS Treasury 7 Year Note ETFScore 52

Our read on each fund

ETF.net Research

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

UTREBUS Treasury 3 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.

UTRE F/m built its Treasury lineup one maturity at a time, and UTRE is the 3-year slot. Instead of a 3-to-10-year blend, it tracks the current 3-year note index and pays monthly.

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.

UTRE The fund seeks, before fees and expenses, to track generally the price and yield performance of the ICE BofA Current 3-Year US Treasury 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.

UTRE Precision, not a blend: cohort peers SPTI and SCHR span 3 to 10 years, while UTRE aims at one point on the curve, the current 3-year Treasury note index.
Tracking is the strong suit. The fund has stayed tight to its ICE BofA Current 3-Year US Treasury Index, which is the entire job of a Treasury tracker.
Coupon cash comes monthly, a steadier drumbeat than a quarterly schedule.

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.

UTRE The 0.15% fee sits at the cohort median, but the broad index shops undercut it: SPTI and SCHR at 0.03%, XTRE at 0.05%.
Small and thinly traded, so spreads can run wider than at the cohort's giants. That shows up most on large or hurried orders.
Short by design: a 3-year note moves less with rate swings than a 10-year, in both directions. It is a curve tool, not a duration bet.

Full BBIB profile⁠

Full UTRE profile⁠

BBIB vs UTRE Holdings

How BBIB and UTRE differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Asset classBonds100%
Countryby domicile100%
Sector1 Sector100%

Sector

Sector weights in BBIB and UTRE, widest gap first
Sector	More in BBIBMore in UTRE	Gap	BBIB	UTRE
Government		Same weight	100.0%	100.0%

Country, concentration and asset class

Country by domicile

Country weights in BBIB and UTRE, widest gap first
Country	More in BBIBMore in UTRE	Gap	BBIB	UTRE
United States		Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

BBIB24.7%
UTRE100.0%

Securities held

BBIB81
UTRE1

Asset class

BBIB: Bonds
UTRE: Bonds

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. BBIB holds 81 securities, UTRE 1.

All 81 BBIB holdings⁠All 2 UTRE holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BBIB vs UTRE Cost

Overpaying UTRE vs BBIB

$2,288

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BBIB 0.04%
$849
UTRE 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

BBIB 0.04%
UTRE 0.15%
Overpaying

Year by year

Year	BBIB	UTRE	Overpaying
10	$73	$274	$201
20	$288	$1,071	$783
30	$849	$3,137	$2,288

Expense ratio

0.04%BBIB, cheaper
0.15%UTRE

BBIB0.04%UTRE0.15%

0.03%0.39%

Middle half of Treasuries (3-10 Year) funds
Median 0.12%

BBIB 4th cheapest of 19 funds

UTRE 11th cheapest of 19 funds

BBIB vs UTRE Dividends

Last 12 months to Nov 9, 2026

Yield (12M): BBIB 4.03%, better; UTRE 3.76%
Payout (12M): BBIB $3.85; UTRE $1.83
Last payment: BBIB $0.33; UTRE $0.19
Ex-dividend: BBIB Nov 2, 2026; UTRE Oct 27, 2026
Paid on: BBIB Nov 4, 2026; UTRE Oct 28, 2026
Frequency: BBIB Monthly; UTRE Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

BBIBMonthly · 43 paymentsAll BBIB payments⁠

UTREMonthly · 43 paymentsAll UTRE payments⁠

BBIB vs UTRE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BBIB 4.7%UTRE 2.6%, better
Return per unit of riskSharpe ratio, 3 years: BBIB 0.02, betterUTRE −0.20
Worst fallMax drawdown, 5 years: BBIB −6.4%since Apr 2023UTRE −2.8%since Mar 2023
Market sensitivityBeta, 5 years: BBIB 0.78UTRE 0.38; Market = 1

Popular comparisons

BBIBAvsVGITA
JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF · Vanguard Intermediate-Term Treasury ETF
Expense ratio
0.04% · 0.03%
Category
UTREBvsVGITA
US Treasury 3 Year Note ETF · Vanguard Intermediate-Term Treasury ETF
Expense ratio
0.15% · 0.03%
Category
BBIBAvsSPTIA
JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF · State Street SPDR Portfolio Intermediate Term Treasury ETF
Expense ratio
0.04% · 0.03%
Category
UTREBvsSPTIA
US Treasury 3 Year Note ETF · State Street SPDR Portfolio Intermediate Term Treasury ETF
Expense ratio
0.15% · 0.03%
Category
BBIBAvsSCHRA
JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF · Schwab Intermediate-Term U.S. Treasury ETF
Expense ratio
0.04% · 0.03%
Category
UTREBvsSCHRA
US Treasury 3 Year Note ETF · Schwab Intermediate-Term U.S. Treasury ETF
Expense ratio
0.15% · 0.03%
Category