BBGE.L vs. GIL5.L

Last updated Jun 5, 2026

BBGE.L (JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc)) and GIL5.L (Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist) are both European Government Bonds funds - BBGE.L tracks the Bloomberg Euro Agg Govt TR EUR while GIL5.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 5 years, BBGE.L returned -2.18%/yr vs 1.25%/yr for GIL5.L. A 0.52 correlation means they provide meaningful diversification when combined. BBGE.L charges 0.10%/yr vs 0.05%/yr for GIL5.L.

Performance

BBGE.L vs. GIL5.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) (BBGE.L) and Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist (GIL5.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBGE.L achieves a -0.88% return, which is significantly lower than GIL5.L's 0.44% return.

BBGE.L

• 1D: 0.24%
• 1M: 0.92%
• YTD: -0.88%
• 6M: -0.91%
• 1Y: 2.63%
• 3Y*: 2.42%
• 5Y*: -2.18%
• 10Y*: —

GIL5.L

• 1D: 0.13%
• 1M: 0.67%
• YTD: 0.44%
• 6M: 0.54%
• 1Y: 3.07%
• 3Y*: 4.17%
• 5Y*: 1.25%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBGE.L vs. GIL5.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BBGE.L JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc)	-0.88%	5.79%	-3.07%	4.85%	-13.84%	-9.87%	10.91%	3.18%
GIL5.L Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist	0.44%	5.12%	2.49%	4.05%	-4.53%	-1.87%	1.64%	0.72%

Correlation

The correlation between BBGE.L and GIL5.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since May 8, 2019	0.52

The correlation between BBGE.L and GIL5.L shifts across timeframes, from 0.44 (1 year) to 0.57 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BBGE.L vs. GIL5.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBGE.L

BBGE.L Risk / Return Rank: 16
BBGE.L Sharpe Ratio Rank: 17
BBGE.L Sortino Ratio Rank: 16
BBGE.L Omega Ratio Rank: 15
BBGE.L Calmar Ratio Rank: 16
BBGE.L Martin Ratio Rank: 15

GIL5.L

GIL5.L Risk / Return Rank: 40
GIL5.L Sharpe Ratio Rank: 43
GIL5.L Sortino Ratio Rank: 44
GIL5.L Omega Ratio Rank: 46
GIL5.L Calmar Ratio Rank: 33
GIL5.L Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBGE.L vs. GIL5.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) (BBGE.L) and Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist (GIL5.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.

	BBGE.L	GIL5.L	Difference
Sharpe ratio: Return per unit of total volatility	0.48	1.51	-1.03
Sortino ratio: Return per unit of downside risk	0.72	2.19	-1.46
Omega ratio: Gain probability vs. loss probability	1.08	1.29	-0.20
Calmar ratio: Return relative to maximum drawdown	0.56	1.60	-1.04
Martin ratio: Return relative to average drawdown	1.25	5.31	-4.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBGE.L vs. GIL5.L - Sharpe Ratio Comparison

The current BBGE.L Sharpe Ratio is 0.48, which is lower than the GIL5.L Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of BBGE.L and GIL5.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBGE.L	GIL5.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.48	1.51	-1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.29	0.48	-0.77
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	0.37	-0.46

Drawdowns

BBGE.L vs. GIL5.L - Drawdown Comparison

The maximum BBGE.L drawdown since its inception was -26.98%, which is greater than GIL5.L's maximum drawdown of -9.42%. Use the drawdown chart below to compare losses from any high point for BBGE.L and GIL5.L.

Drawdown Indicators

	BBGE.L	GIL5.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.98%	-9.42%	-17.56%
Max Drawdown (1Y) Largest decline over 1 year	-4.67%	-1.91%	-2.76%
Max Drawdown (3Y) Largest decline over 3 years	-6.35%	-1.91%	-4.44%
Max Drawdown (5Y) Largest decline over 5 years	-21.06%	-8.75%	-12.31%
Current Drawdown Current decline from peak	-19.17%	-0.65%	-18.52%
Average Drawdown Average peak-to-trough decline	-15.68%	-1.61%	-14.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	0.58%	+1.51%

Volatility

BBGE.L vs. GIL5.L - Volatility Comparison

JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) (BBGE.L) has a higher volatility of 1.84% compared to Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist (GIL5.L) at 0.56%. This indicates that BBGE.L's price experiences larger fluctuations and is considered to be riskier than GIL5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBGE.L	GIL5.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.84%	0.56%	+1.28%
Volatility (6M) Calculated over the trailing 6-month period	4.25%	1.72%	+2.53%
Volatility (1Y) Calculated over the trailing 1-year period	5.48%	2.03%	+3.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.55%	2.61%	+4.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.02%	2.13%	+5.89%

BBGE.L vs. GIL5.L - Expense Ratio Comparison

BBGE.L has a 0.10% expense ratio, which is higher than GIL5.L's 0.05% 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

BBGE.L vs. GIL5.L - Dividend Comparison

BBGE.L has not paid dividends to shareholders, while GIL5.L's dividend yield for the trailing twelve months is around 2.33%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BBGE.L JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GIL5.L Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist	2.33%	2.34%	1.94%	1.36%	1.39%	1.60%	2.26%	2.70%	2.92%	3.17%	1.56%

Frequently Asked Questions

Can I hold both BBGE.L and GIL5.L in my portfolio?

BBGE.L and GIL5.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BBGE.L or GIL5.L?

On fees, GIL5.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BBGE.L or GIL5.L?

GIL5.L is cheaper with a 0.05% expense ratio, compared with 0.10% for BBGE.L.

What is the main difference between BBGE.L and GIL5.L?

BBGE.L tracks Bloomberg Euro Agg Govt TR EUR, while GIL5.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: JPMorgan and Amundi. Their fees differ too: 0.10% for BBGE.L and 0.05% for GIL5.L.