- ISIN
- LU1481202692
- WKN
- A2DH5P
- Issuer
- BNP Paribas Easy
- Inception Date
- Feb 12, 2016
- Region
- Europe (Eurozone)
- Category
- European Government Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- J.P. Morgan ESG EMU Government Bond IG Index
- Domicile
- Luxembourg
- Distribution Policy
- Accumulating
- Asset Class
- Bond
Share Price Chart
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Performance
JBEM.DE Performance Chart
BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF (JBEM.DE) is up 1.0% since the beginning of the year. JBEM.DE is currently trading at €10 per share. Investors who bought €1,000 worth of JBEM.DE shares 5 years ago would now be looking at an investment worth €896.
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Returns By Period
BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF (JBEM.DE) has returned 0.95% so far this year and 0.52% over the past 12 months.
BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF
- 1D
- -0.00%
- 1M
- 0.84%
- YTD
- 0.95%
- 6M
- 1.05%
- 1Y
- 0.52%
- 3Y*
- 2.22%
- 5Y*
- -2.17%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.99%
- 1M
- 0.52%
- YTD
- 11.12%
- 6M
- 10.53%
- 1Y
- 24.44%
- 3Y*
- 17.50%
- 5Y*
- 12.61%
- 10Y*
- 13.45%
JBEM.DE Monthly Returns History
Based on dividend-adjusted daily data since Feb 11, 2019, JBEM.DE's average daily return is 0.00%, while the average monthly return is -0.03%.
Historically, 52% of months were positive and 48% were negative. The best month was Jul 2022 with a return of +4.1%, while the worst month was Aug 2022 at -5.1%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 7 months.
On a daily basis, JBEM.DE closed higher 42% of trading days. The best single day was Mar 15, 2023 with a return of +2.0%, while the worst single day was Mar 12, 2020 at -1.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.74% | 1.36% | -2.59% | 0.21% | 1.17% | 0.10% | 0.95% | ||||||
| 2025 | -0.11% | 0.64% | -1.69% | 1.93% | 0.11% | -0.32% | -0.21% | -0.53% | 0.53% | 0.85% | -0.10% | -0.63% | 0.42% |
| 2024 | -0.75% | -1.08% | 0.98% | -1.41% | -0.22% | 0.33% | 2.08% | 0.32% | 1.28% | -0.95% | 2.35% | -1.67% | 1.18% |
| 2023 | 2.06% | -2.35% | 2.41% | -0.11% | 0.34% | -0.11% | -0.45% | 0.34% | -2.58% | 0.35% | 2.98% | 3.79% | 6.64% |
| 2022 | -1.31% | -1.80% | -2.41% | -3.86% | -1.85% | -1.89% | 4.06% | -5.13% | -3.57% | 0.11% | 2.24% | -4.17% | -18.24% |
| 2021 | -0.54% | -2.09% | 0.19% | -1.02% | 0.00% | 0.37% | 1.86% | -0.64% | -1.20% | -0.47% | 1.59% | -1.47% | -3.43% |
Benchmark Metrics
BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF has an annualized alpha of -0.14%, beta of 0.02, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 11, 2019.
- This ETF participated in 28.44% of S&P 500 Index downside but only 10.50% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.02 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.14%
- Beta
- 0.02
- R²
- 0.00
- Upside Capture
- 10.50%
- Downside Capture
- 28.44%
Expense Ratio
JBEM.DE has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
JBEM.DE ranks 11 for risk / return — in the bottom 11% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF (JBEM.DE) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JBEM.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.36 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 3.24 | -3.02 |
| Martin ratioReturn relative to average drawdown | 0.55 | 12.01 | -11.46 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF was 22.48%, occurring on Oct 3, 2023. The portfolio has not yet recovered.
The current BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF drawdown is 14.03%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -22.48%Oct 2023 | 2y 9mo | — | 5y 6moDec 2020 - now |
COVID crash2020 | -5.83%Mar 2020 | 6mo 15d | 6mo 26d | 1y 1moSep 2019 - Oct 2020 |
2019 pullback2019 | -1.22%Jul 2019 | 8d | 12d | 20dJul 2019 - Jul 2019 |
2020 pullback2020 | -1.08%Nov 2020 | 4d | 28d | 1mo 2dNov 2020 - Dec 2020 |
2019 pullback2019 | -0.93%Aug 2019 | 1d | 5d | 6dAug 2019 - Aug 2019 |
Drawdown Indicators
| JBEM.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -51.62% | +29.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -7.57% | +4.36% |
Max Drawdown (3Y)Largest decline over 3 years | -3.95% | -23.99% | +20.04% |
Max Drawdown (5Y)Largest decline over 5 years | -21.49% | -23.99% | +2.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -14.03% | -1.04% | -12.99% |
Average DrawdownAverage peak-to-trough decline | -10.59% | -9.08% | -1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 2.04% | -0.71% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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