BBEG.DE vs. XGEZ.DE
BBEG.DE (JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc)) and XGEZ.DE (Xtrackers II Eurozone Government Green Bond UCITS ETF) are both European Government Bonds funds - BBEG.DE tracks the JP Morgan EMU Government Bond while XGEZ.DE tracks the iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. Both are passively managed. Over the past 3 years, BBEG.DE returned 2.32%/yr vs 1.19%/yr for XGEZ.DE. With a 0.99 correlation, they move nearly in lockstep. BBEG.DE charges 0.10%/yr vs 0.18%/yr for XGEZ.DE.
Performance
BBEG.DE vs. XGEZ.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 XGEZ.DE's 0.02% 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*
- —
XGEZ.DE
- 1D
- 0.09%
- 1M
- -0.02%
- YTD
- 0.02%
- 6M
- -0.16%
- 1Y
- -1.07%
- 3Y*
- 1.19%
- 5Y*
- —
- 10Y*
- —
BBEG.DE vs. XGEZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BBEG.DE JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) | 0.14% | 0.60% | 1.39% | 6.92% | -0.01% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 0.02% | -2.16% | -0.51% | 8.88% | 0.10% |
Correlation
The correlation between BBEG.DE and XGEZ.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 (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.99 |
The correlation between BBEG.DE and XGEZ.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. XGEZ.DE — Risk / Return Rank
BBEG.DE
XGEZ.DE
BBEG.DE vs. XGEZ.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 Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.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 | XGEZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.96 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | -0.34 | +0.31 |
| Martin ratioReturn relative to average drawdown | -0.06 | -0.72 | +0.65 |
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 | XGEZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | -0.25 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.14 | 0.17 | -0.31 |
Drawdowns
BBEG.DE vs. XGEZ.DE - Drawdown Comparison
The maximum BBEG.DE drawdown since its inception was -22.76%, which is greater than XGEZ.DE's maximum drawdown of -13.63%. Use the drawdown chart below to compare losses from any high point for BBEG.DE and XGEZ.DE.
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Drawdown Indicators
| BBEG.DE | XGEZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.76% | -13.63% | -9.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -4.70% | +1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -4.11% | -7.89% | +3.78% |
Max Drawdown (5Y)Largest decline over 5 years | -21.83% | — | — |
Current DrawdownCurrent decline from peak | -14.39% | -5.48% | -8.91% |
Average DrawdownAverage peak-to-trough decline | -10.84% | -5.39% | -5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 2.20% | -0.82% |
Volatility
BBEG.DE vs. XGEZ.DE - Volatility Comparison
The current volatility for JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) (BBEG.DE) is 1.69%, while Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) has a volatility of 2.47%. This indicates that BBEG.DE experiences smaller price fluctuations and is considered to be less risky than XGEZ.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 | XGEZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 2.47% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 5.12% | -1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 6.41% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.43% | 9.92% | -3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.98% | 9.92% | -3.94% |
BBEG.DE vs. XGEZ.DE - Expense Ratio Comparison
BBEG.DE has a 0.10% expense ratio, which is lower than XGEZ.DE's 0.18% expense ratio. Despite the difference, 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. XGEZ.DE - Dividend Comparison
BBEG.DE has not paid dividends to shareholders, while XGEZ.DE's dividend yield for the trailing twelve months is around 2.10%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BBEG.DE JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 2.10% | 1.99% | 2.07% | 1.27% |
Frequently Asked Questions
With a correlation of 0.98, BBEG.DE and XGEZ.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, BBEG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBEG.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for XGEZ.DE.
BBEG.DE tracks JP Morgan EMU Government Bond, while XGEZ.DE tracks iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. They also come from different issuers: JPMorgan and Xtrackers. Their fees differ too: 0.10% for BBEG.DE and 0.18% for XGEZ.DE.
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