BBEG.DE vs. SECD.DE
BBEG.DE (JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc)) and SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) are both European Government Bonds funds - BBEG.DE tracks the JP Morgan EMU Government Bond while SECD.DE tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. Both are passively managed. Over the past 5 years, BBEG.DE returned -2.32%/yr vs -2.19%/yr for SECD.DE. With a 0.99 correlation, they move nearly in lockstep. BBEG.DE charges 0.10%/yr vs 0.09%/yr for SECD.DE.
Performance
BBEG.DE vs. SECD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BBEG.DE achieves a 0.14% return, which is significantly higher than SECD.DE's 0.13% return.
BBEG.DE
- 1D
- 0.09%
- 1M
- -0.04%
- YTD
- 0.14%
- 6M
- 0.14%
- 1Y
- 0.29%
- 3Y*
- 2.32%
- 5Y*
- -2.32%
- 10Y*
- —
SECD.DE
- 1D
- 0.11%
- 1M
- -0.05%
- YTD
- 0.13%
- 6M
- 0.20%
- 1Y
- 0.36%
- 3Y*
- 2.34%
- 5Y*
- -2.19%
- 10Y*
- —
BBEG.DE vs. SECD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BBEG.DE JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) | 0.14% | 0.60% | 1.39% | 6.92% | -18.49% | -3.37% | 1.07% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 0.13% | 0.63% | 1.57% | 6.94% | -18.16% | -3.30% | 1.19% |
Correlation
The correlation between BBEG.DE and SECD.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.99 |
The correlation between BBEG.DE and SECD.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
BBEG.DE vs. SECD.DE — Risk / Return Rank
BBEG.DE
SECD.DE
BBEG.DE vs. SECD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) (BBEG.DE) and iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE). 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.
| BBEG.DE | SECD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.00 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | -0.01 | -0.02 |
| Martin ratioReturn relative to average drawdown | -0.06 | -0.02 | -0.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BBEG.DE | SECD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | -0.01 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | -0.34 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.14 | -0.38 | +0.24 |
Drawdowns
BBEG.DE vs. SECD.DE - Drawdown Comparison
The maximum BBEG.DE drawdown since its inception was -22.76%, roughly equal to the maximum SECD.DE drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for BBEG.DE and SECD.DE.
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Drawdown Indicators
| BBEG.DE | SECD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.76% | -22.04% | -0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -3.41% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -4.11% | -3.96% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -21.83% | -21.21% | -0.62% |
Current DrawdownCurrent decline from peak | -14.39% | -13.67% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -10.84% | -12.64% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.33% | +0.05% |
Volatility
BBEG.DE vs. SECD.DE - Volatility Comparison
The current volatility for JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) (BBEG.DE) is 1.69%, while iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) has a volatility of 1.78%. This indicates that BBEG.DE experiences smaller price fluctuations and is considered to be less risky than SECD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBEG.DE | SECD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 1.78% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 3.63% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 4.34% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.43% | 6.28% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.98% | 6.02% | -0.04% |
BBEG.DE vs. SECD.DE - Expense Ratio Comparison
BBEG.DE has a 0.10% expense ratio, which is higher than SECD.DE's 0.09% 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
BBEG.DE vs. SECD.DE - Dividend Comparison
BBEG.DE has not paid dividends to shareholders, while SECD.DE's dividend yield for the trailing twelve months is around 2.71%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BBEG.DE JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 2.71% | 2.59% | 2.30% | 1.17% |
Frequently Asked Questions
With a correlation of 0.98, BBEG.DE and SECD.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SECD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SECD.DE is cheaper with a 0.09% expense ratio, compared with 0.10% for BBEG.DE.
BBEG.DE tracks JP Morgan EMU Government Bond, while SECD.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.10% for BBEG.DE and 0.09% for SECD.DE.
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