BBGE.L vs. IGL5.L
BBGE.L (JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc)) and IGL5.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Acc)) are both European Government Bonds funds - BBGE.L tracks the Bloomberg Euro Agg Govt TR EUR while IGL5.L tracks the FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP). Both are passively managed. Over the past 3 years, BBGE.L returned 2.42%/yr vs 4.23%/yr for IGL5.L. A 0.57 correlation means they provide meaningful diversification when combined. BBGE.L charges 0.10%/yr vs 0.07%/yr for IGL5.L.
Performance
BBGE.L vs. IGL5.L - Performance Comparison
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Returns By Period
In the year-to-date period, BBGE.L achieves a -0.88% return, which is significantly lower than IGL5.L's 0.92% 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*
- —
IGL5.L
- 1D
- 0.09%
- 1M
- 0.39%
- YTD
- 0.92%
- 6M
- 0.73%
- 1Y
- 3.04%
- 3Y*
- 4.23%
- 5Y*
- —
- 10Y*
- —
BBGE.L vs. IGL5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBGE.L JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) | -0.88% | 5.79% | -3.07% | 6.20% |
IGL5.L iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) | 0.92% | 4.56% | 2.68% | 4.14% |
Correlation
The correlation between BBGE.L and IGL5.L is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since May 24, 2023 | 0.57 |
The correlation between BBGE.L and IGL5.L has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.
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Return for Risk
BBGE.L vs. IGL5.L — Risk / Return Rank
BBGE.L
IGL5.L
BBGE.L vs. IGL5.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 iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.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 | IGL5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.30 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 1.63 | -1.07 |
| Martin ratioReturn relative to average drawdown | 1.25 | 5.55 | -4.30 |
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
| BBGE.L | IGL5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 1.48 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 1.88 | -1.97 |
Drawdowns
BBGE.L vs. IGL5.L - Drawdown Comparison
The maximum BBGE.L drawdown since its inception was -26.98%, which is greater than IGL5.L's maximum drawdown of -1.89%. Use the drawdown chart below to compare losses from any high point for BBGE.L and IGL5.L.
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Drawdown Indicators
| BBGE.L | IGL5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.98% | -1.89% | -25.09% |
Max Drawdown (1Y)Largest decline over 1 year | -4.67% | -1.89% | -2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -6.35% | -1.89% | -4.46% |
Max Drawdown (5Y)Largest decline over 5 years | -21.06% | — | — |
Current DrawdownCurrent decline from peak | -19.17% | -0.64% | -18.53% |
Average DrawdownAverage peak-to-trough decline | -15.68% | -0.31% | -15.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 0.56% | +1.53% |
Volatility
BBGE.L vs. IGL5.L - Volatility Comparison
JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) (BBGE.L) has a higher volatility of 1.84% compared to iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.L) at 0.70%. This indicates that BBGE.L's price experiences larger fluctuations and is considered to be riskier than IGL5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBGE.L | IGL5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 0.70% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 1.89% | +2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.48% | 2.09% | +3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.55% | 2.16% | +5.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.02% | 2.16% | +5.86% |
BBGE.L vs. IGL5.L - Expense Ratio Comparison
BBGE.L has a 0.10% expense ratio, which is higher than IGL5.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
BBGE.L vs. IGL5.L - Dividend Comparison
Neither BBGE.L nor IGL5.L has paid dividends to shareholders.
Frequently Asked Questions
BBGE.L and IGL5.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGL5.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGL5.L is cheaper with a 0.07% expense ratio, compared with 0.10% for BBGE.L.
BBGE.L tracks Bloomberg Euro Agg Govt TR EUR, while IGL5.L tracks FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP). They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.10% for BBGE.L and 0.07% for IGL5.L.
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