ETF Evaluator:
JPMorgan BetaBuilders U.S. TrsBd1-3YrETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Short Government Over the Last Year
| 16.0% | SoFi Enhanced Yield ETF (THTA) |
| 4.9% | First Trust Low Duration Oppos ETF (LMBS) |
| 3.9% | Xtrackers US 0-1 Year Treasury ETF (TRSY) |
| 3.8% | Franklin Short Duration US Govt ETF (FTSD) |
| 3.8% | Short Government () |
Risk
Index
Risk
Index
ETF Details
JPMorgan BetaBuilders U.S. TrsBd1-3YrETF Overview
JPMorgan BetaBuilders U.S. TrsBd1-3YrETF (BBSB) is a passively managed Taxable Bond Short Government exchange-traded fund (ETF). JPMorgan launched the ETF in 2023.
The investment seeks results that closely correspond, before fees and expenses, to the performance of the ICE U.S. Treasury 1-3 Year Bond Index.
The fund seeks investment results that closely correspond, before fees and expenses, to the performance of the underlying index, which measures the performance of U.S. dollar-denominated, fixed rate securities with minimum term to maturity greater than one year and less than or equal to three years. The fund will invest at least 80% of its assets in securities included in the underlying index.
About JPMorgan BetaBuilders U.S. TrsBd1-3YrETF (BBSB)
There are 3 members of the management team with an average tenure of 2.29 years: Jan Ho (2024), Evan Olonoff (2023) and Mark Willauer (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and ICE U.S. Treasury 1-3 Year Bond TR USD index with a weighting of 100%. JPMorgan BetaBuilders U.S. TrsBd1-3YrETF has 93 securities in its portfolio. The top 10 holdings constitute 15.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
JPMorgan BetaBuilders U.S. TrsBd1-3YrETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. JPMorgan BetaBuilders U.S. TrsBd1-3YrETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.7% (99.7% domestic bond, 0.0% foreign bond and 0.0% convertible bond). JPMorgan BetaBuilders U.S. TrsBd1-3YrETF has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $55 million in total assets, which is below the $3 billion average for the Short Government category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BBSB Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The JPMorgan BetaBuilders U.S. TrsBd1-3YrETF expense ratio is low compared to funds in the Short Government category. JPMorgan BetaBuilders U.S. TrsBd1-3YrETF has an expense ratio of 0.04%, which is 73% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. JPMorgan BetaBuilders U.S. TrsBd1-3YrETF has a portfolio turnover rate of 62%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 190% for the Short Government category.
Recently, in the month of July 2026, JPMorgan BetaBuilders U.S. TrsBd1-3YrETF returned 0.1%, which earned it a grade of B, as the Short Government category had an average return of 0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
JPMorgan BetaBuilders U.S. TrsBd1-3YrETF has a trailing yield of 3.79%, which is below the 4.28% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
JPMorgan BetaBuilders U.S. TrsBd1-3YrETF Grades
Year to date, the ETF has returned 0.8%, 0.4 percentage points worse than the category, which translates into a grade of B. The fund has returned 3.1% over the past year (grade of B) and 4.3% over the past three years (grade of C).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about JPMorgan BetaBuilders U.S. TrsBd1-3YrETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
BBSB Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BBSB Return (NAV) | 0.1% | 0.3% | 3.1% | 4.3% | na | na |
| BBSB Return (Price) | 0.1% | 0.3% | 3.1% | 4.3% | na | na |
| NAV +/- Price Return | 0.002% | 0.008% | 0.036% | 0.005% | na | na |
| Short Government Avg | 0.1% | 0.4% | 3.8% | 4.4% | 2.0% | 1.9% |
| BBSB Grade (NAV) | B | B | B | C | na | na |
| +/- Category (NAV) | 0.1% | -0.0% | -0.7% | -0.1% | na | na |
| BBSB Tax-Cost Ratio | na | na | 1.5% | 1.8% | na | na |
BBSB Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BBSB Return (NAV) | 0.8% | 5.1% | 4.0% | na | na | na | na | na | na | na | na |
| BBSB Return (Price) | 0.4% | 5.5% | 4.0% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.477% | 0.072% | -0.003% | na | na | na | na | na | na | na | na |
| Short Government Avg | 1.2% | 4.5% | 4.2% | 4.5% | -4.2% | -0.8% | 3.3% | 3.8% | 1.4% | 0.9% | 1.8% |
| BBSB Grade (NAV) | B | C | C | na | na | na | na | na | na | na | na |
| +/- Category | -0.4% | 0.6% | -0.2% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.22 |
| R-Squared: | 71% |
| Standard Deviation: | 1.5% |
| Category Risk Index: | 0.90 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 0.12 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 3.8% |
| Total Assets: | $ 55 Mil |
| Share Class Assets: | $ 55 Mil |
| Turnover: | 62.0% |
| Expense Ratio: | 0.04% |
| Index Fund: | Yes |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 2.8 years | |||
| Average Tenure: 2.3 years | |||
| Managers (Year): Olonoff Evan (2023), Willauer Mark (2024), Ho Jan (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 93 |
| % in Top 10 Holdings: | 15.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 99.7% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | JPMorgan |
| Phone Number: | 844-457-6383 |
| Website: | jpmorganfunds.com |
| Inception Date: | April 19, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.04% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.15% |
