020Y.L vs. JG15.L
020Y.L (iShares € Govt Bond 20yr Target Duration UCITS ETF) and JG15.L (JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist)) are both European Government Bonds funds - 020Y.L tracks the Markit iBoxx EUR Eurozone 20yr Target Duration Index while JG15.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 5 years, 020Y.L returned -10.94%/yr vs 1.14%/yr for JG15.L. At a 0.23 correlation, their price movements are largely independent. 020Y.L charges 0.15%/yr vs 0.07%/yr for JG15.L.
Performance
020Y.L vs. JG15.L - Performance Comparison
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Different Trading Currencies
020Y.L is traded in EUR, while JG15.L is traded in GBP. To make them comparable, the JG15.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 020Y.L achieves a -1.53% return, which is significantly lower than JG15.L's 3.52% return.
020Y.L
- 1D
- -0.14%
- 1M
- -3.05%
- 6M
- -2.14%
- YTD
- -1.53%
- 1Y
- -4.31%
- 3Y*
- -3.47%
- 5Y*
- -10.94%
- 10Y*
- —
JG15.L
- 1D
- 0.70%
- 1M
- 1.80%
- 6M
- 2.32%
- YTD
- 3.52%
- 1Y
- 4.86%
- 3Y*
- 4.92%
- 5Y*
- 1.14%
- 10Y*
- —
020Y.L vs. JG15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
020Y.L iShares € Govt Bond 20yr Target Duration UCITS ETF | -1.53% | -10.89% | -5.04% | 7.85% | -36.19% | -8.42% | 1.97% |
JG15.L JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist) | 3.52% | 0.07% | 6.70% | 6.05% | -10.61% | 4.47% | 1.83% |
Correlation
The correlation between 020Y.L and JG15.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.23 |
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Return for Risk
020Y.L vs. JG15.L — Risk / Return Rank
020Y.L
JG15.L
020Y.L vs. JG15.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Govt Bond 20yr Target Duration UCITS ETF (020Y.L) and JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist) (JG15.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| 020Y.L | JG15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.20 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 2.15 | -2.75 |
| Martin ratioReturn relative to average drawdown | -1.10 | 6.06 | -7.16 |
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Drawdowns
020Y.L vs. JG15.L - Drawdown Comparison
The maximum 020Y.L drawdown since its inception was -48.58%, which is greater than JG15.L's maximum drawdown of -16.33%. Use the drawdown chart below to compare losses from any high point for 020Y.L and JG15.L.
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Drawdown Indicators
| 020Y.L | JG15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.58% | -16.33% | -32.25% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -2.25% | -4.91% |
Max Drawdown (3Y)Largest decline over 3 years | -19.23% | -4.37% | -14.86% |
Max Drawdown (5Y)Largest decline over 5 years | -47.47% | -15.75% | -31.72% |
Current DrawdownCurrent decline from peak | -48.12% | 0.00% | -48.12% |
Average DrawdownAverage peak-to-trough decline | -32.92% | -4.22% | -28.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 0.80% | +3.11% |
Volatility
020Y.L vs. JG15.L - Volatility Comparison
iShares € Govt Bond 20yr Target Duration UCITS ETF (020Y.L) has a higher volatility of 3.10% compared to JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist) (JG15.L) at 1.30%. This indicates that 020Y.L's price experiences larger fluctuations and is considered to be riskier than JG15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 020Y.L | JG15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 1.30% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 8.06% | 3.35% | +4.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.90% | 4.48% | +6.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.03% | 6.36% | +37.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.94% | 6.82% | +34.12% |
020Y.L vs. JG15.L - Expense Ratio Comparison
020Y.L has a 0.15% expense ratio, which is higher than JG15.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
020Y.L vs. JG15.L - Dividend Comparison
020Y.L's dividend yield for the trailing twelve months is around 3.65%, less than JG15.L's 3.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
020Y.L iShares € Govt Bond 20yr Target Duration UCITS ETF | 3.65% | 3.42% | 2.94% | 2.11% | 0.91% | 0.10% | 0.11% | 0.00% | 0.00% |
JG15.L JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist) | 3.82% | 3.71% | 3.44% | 2.28% | 0.68% | 0.12% | 0.34% | 0.91% | 0.35% |
Frequently Asked Questions
020Y.L and JG15.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JG15.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JG15.L is cheaper with a 0.07% expense ratio, compared with 0.15% for 020Y.L.
020Y.L tracks Markit iBoxx EUR Eurozone 20yr Target Duration Index, while JG15.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.15% for 020Y.L and 0.07% for JG15.L.
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