BBGE.L vs. JEIP.L

Last updated Jun 5, 2026

BBGE.L (JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc)) and JEIP.L (JPM US Equity Premium Income Active UCITS ETF USD Dist) are both exchange-traded funds - BBGE.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while JEIP.L is a Derivative Income fund actively managed by JPMorgan. BBGE.L is passively managed, while JEIP.L is actively managed. Over the past year, BBGE.L returned 2.63% vs 9.32% for JEIP.L. At a 0.13 correlation, their price movements are largely independent. BBGE.L charges 0.10%/yr vs 0.35%/yr for JEIP.L.

Performance

BBGE.L vs. JEIP.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 JPM US Equity Premium Income Active UCITS ETF USD Dist (JEIP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BBGE.L is traded in GBP, while JEIP.L is traded in GBp. To make them comparable, the JEIP.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, BBGE.L achieves a -0.88% return, which is significantly lower than JEIP.L's 0.23% 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*: —

JEIP.L

• 1D: 0.14%
• 1M: -0.02%
• YTD: 0.23%
• 6M: 0.29%
• 1Y: 9.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024
BBGE.L JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc)	-0.88%	5.79%	0.62%
JEIP.L JPM US Equity Premium Income Active UCITS ETF USD Dist	0.23%	0.86%	0.59%

Correlation

The correlation between BBGE.L and JEIP.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024	0.13

Return for Risk

BBGE.L vs. JEIP.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

JEIP.L

JEIP.L Risk / Return Rank: 30
JEIP.L Sharpe Ratio Rank: 31
JEIP.L Sortino Ratio Rank: 30
JEIP.L Omega Ratio Rank: 29
JEIP.L Calmar Ratio Rank: 31
JEIP.L Martin Ratio Rank: 31

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. JEIP.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 JPM US Equity Premium Income Active UCITS ETF USD Dist (JEIP.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	JEIP.L	Difference
Sharpe ratio: Return per unit of total volatility	0.48	1.11	-0.63
Sortino ratio: Return per unit of downside risk	0.72	1.59	-0.87
Omega ratio: Gain probability vs. loss probability	1.08	1.19	-0.11
Calmar ratio: Return relative to maximum drawdown	0.56	1.50	-0.94
Martin ratio: Return relative to average drawdown	1.25	4.37	-3.12
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. JEIP.L - Sharpe Ratio Comparison

The current BBGE.L Sharpe Ratio is 0.48, which is lower than the JEIP.L Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of BBGE.L and JEIP.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	JEIP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.48	1.11	-0.63
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	0.10	-0.19

Drawdowns

BBGE.L vs. JEIP.L - Drawdown Comparison

The maximum BBGE.L drawdown since its inception was -26.98%, which is greater than JEIP.L's maximum drawdown of -15.73%. Use the drawdown chart below to compare losses from any high point for BBGE.L and JEIP.L.

Drawdown Indicators

	BBGE.L	JEIP.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.98%	-15.73%	-11.25%
Max Drawdown (1Y) Largest decline over 1 year	-4.67%	-6.18%	+1.51%
Max Drawdown (3Y) Largest decline over 3 years	-6.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.06%	—	—
Current Drawdown Current decline from peak	-19.17%	-4.46%	-14.71%
Average Drawdown Average peak-to-trough decline	-15.68%	-5.25%	-10.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.13%	-0.04%

Volatility

BBGE.L vs. JEIP.L - Volatility Comparison

The current volatility for JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) (BBGE.L) is 1.84%, while JPM US Equity Premium Income Active UCITS ETF USD Dist (JEIP.L) has a volatility of 2.64%. This indicates that BBGE.L experiences smaller price fluctuations and is considered to be less risky than JEIP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBGE.L	JEIP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.84%	2.64%	-0.80%
Volatility (6M) Calculated over the trailing 6-month period	4.25%	6.23%	-1.98%
Volatility (1Y) Calculated over the trailing 1-year period	5.48%	8.39%	-2.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.55%	11.22%	-3.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.02%	11.22%	-3.20%

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

BBGE.L has a 0.10% expense ratio, which is lower than JEIP.L's 0.35% expense ratio.

Dividends

BBGE.L vs. JEIP.L - Dividend Comparison

BBGE.L has not paid dividends to shareholders, while JEIP.L's dividend yield for the trailing twelve months is around 8.32%.

Position	TTM	2025	2024
BBGE.L JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc)	0.00%	0.00%	0.00%
JEIP.L JPM US Equity Premium Income Active UCITS ETF USD Dist	8.32%	7.18%	0.61%

Frequently Asked Questions

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

BBGE.L and JEIP.L have a correlation of 0.23, 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 JEIP.L?

On fees, BBGE.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

BBGE.L is cheaper with a 0.10% expense ratio, compared with 0.35% for JEIP.L.

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

BBGE.L is categorized as European Government Bonds, while JEIP.L is Derivative Income. Their fees differ too: 0.10% for BBGE.L and 0.35% for JEIP.L.