BBGE.L vs. JG15.L

Last updated Jun 26, 2026

BBGE.L (JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc)) and JG15.L (JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist)) are both European Government Bonds funds from JPMorgan - BBGE.L tracks the Bloomberg Euro Agg Govt TR EUR while JG15.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 5 years, BBGE.L returned -2.03%/yr vs 0.97%/yr for JG15.L. A 0.56 correlation means they provide meaningful diversification when combined. BBGE.L charges 0.10%/yr vs 0.07%/yr for JG15.L.

Performance

BBGE.L vs. JG15.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 JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist) (JG15.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 -0.51% return, which is significantly lower than JG15.L's 0.90% return.

BBGE.L

• 1D: -0.17%
• 1M: 0.16%
• YTD: -0.51%
• 6M: -0.23%
• 1Y: 1.81%
• 3Y*: 2.63%
• 5Y*: -2.03%
• 10Y*: —

JG15.L

• 1D: 0.03%
• 1M: 0.77%
• YTD: 0.90%
• 6M: 1.14%
• 1Y: 3.08%
• 3Y*: 4.73%
• 5Y*: 0.97%
• 10Y*: —

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

BBGE.L vs. JG15.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BBGE.L JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc)	-0.51%	5.79%	-3.07%	4.85%	-13.85%	-9.86%	10.90%	-11.09%
JG15.L JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist)	0.90%	5.58%	1.79%	3.85%	-5.75%	-1.91%	1.86%	0.82%

Correlation

The correlation between BBGE.L and JG15.L is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Apr 25, 2019	0.56

The correlation between BBGE.L and JG15.L has been stable across timeframes, ranging from 0.54 to 0.61 - a consistent structural relationship.

Return for Risk

BBGE.L vs. JG15.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: 12
BBGE.L Sharpe Ratio Rank: 13
BBGE.L Sortino Ratio Rank: 11
BBGE.L Omega Ratio Rank: 11
BBGE.L Calmar Ratio Rank: 12
BBGE.L Martin Ratio Rank: 12

JG15.L

JG15.L Risk / Return Rank: 37
JG15.L Sharpe Ratio Rank: 40
JG15.L Sortino Ratio Rank: 40
JG15.L Omega Ratio Rank: 44
JG15.L Calmar Ratio Rank: 28
JG15.L Martin Ratio Rank: 30

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. JG15.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 JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist) (JG15.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BBGE.L	JG15.L	Difference
Sharpe ratio: Return per unit of total volatility	0.27	1.32	-1.04
Sortino ratio: Return per unit of downside risk	0.43	1.91	-1.48
Omega ratio: Gain probability vs. loss probability	1.05	1.26	-0.21
Calmar ratio: Return relative to maximum drawdown	0.31	1.31	-0.99
Martin ratio: Return relative to average drawdown	0.67	4.01	-3.34

BBGE.L vs. JG15.L - Sharpe Ratio Comparison

The current BBGE.L Sharpe Ratio is 0.27, which is lower than the JG15.L Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of BBGE.L and JG15.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.

Drawdowns

BBGE.L vs. JG15.L - Drawdown Comparison

The maximum BBGE.L drawdown since its inception was -26.97%, which is greater than JG15.L's maximum drawdown of -11.34%. Use the drawdown chart below to compare losses from any high point for BBGE.L and JG15.L.

Drawdown Indicators

	BBGE.L	JG15.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.97%	-11.34%	-15.63%
Max Drawdown (1Y) Largest decline over 1 year	-4.67%	-2.35%	-2.32%
Max Drawdown (3Y) Largest decline over 3 years	-6.34%	-2.35%	-3.99%
Max Drawdown (5Y) Largest decline over 5 years	-21.06%	-10.68%	-10.38%
Current Drawdown Current decline from peak	-18.87%	-0.28%	-18.59%
Average Drawdown Average peak-to-trough decline	-16.08%	-2.39%	-13.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	0.77%	+1.44%

Volatility

BBGE.L vs. JG15.L - Volatility Comparison

JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) (BBGE.L) has a higher volatility of 1.56% compared to JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist) (JG15.L) at 0.64%. This indicates that BBGE.L's price experiences larger fluctuations and is considered to be riskier than JG15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBGE.L	JG15.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.56%	0.64%	+0.92%
Volatility (6M) Calculated over the trailing 6-month period	4.26%	2.11%	+2.15%
Volatility (1Y) Calculated over the trailing 1-year period	5.38%	2.33%	+3.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.55%	3.06%	+4.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.69%	2.54%	+7.15%

BBGE.L vs. JG15.L - Expense Ratio Comparison

BBGE.L has a 0.10% expense ratio, which is higher than JG15.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. JG15.L - Dividend Comparison

BBGE.L has not paid dividends to shareholders, while JG15.L's dividend yield for the trailing twelve months is around 3.77%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
JG15.L JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist)	3.77%	3.71%	3.44%	2.28%	0.68%	0.12%	0.34%	0.91%	0.35%

Frequently Asked Questions

Can I hold both BBGE.L and JG15.L in my portfolio?

BBGE.L and JG15.L have a correlation of 0.54, 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 JG15.L?

On fees, JG15.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BBGE.L or JG15.L?

JG15.L is cheaper with a 0.07% expense ratio, compared with 0.10% for BBGE.L.

What is the main difference between BBGE.L and JG15.L?

BBGE.L tracks Bloomberg Euro Agg Govt TR EUR, while JG15.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. Their fees differ too: 0.10% for BBGE.L and 0.07% for JG15.L.