BBGE.L vs. TIPX
BBGE.L (JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc)) and TIPX (SPDR Bloomberg Barclays 1-10 Year TIPS ETF) are both exchange-traded funds - BBGE.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while TIPX is a Inflation-Protected Bonds fund tracking the Bloomberg US Govt Inflation-Linked (1-10 Y). Both are passively managed. Over the past 5 years, BBGE.L returned -2.18%/yr vs 3.40%/yr for TIPX. At a 0.36 correlation, their price movements are largely independent. BBGE.L charges 0.10%/yr vs 0.15%/yr for TIPX.
Performance
BBGE.L vs. TIPX - Performance Comparison
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Different Trading Currencies
BBGE.L is traded in GBP, while TIPX is traded in USD. To make them comparable, the TIPX 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 TIPX's 2.31% 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*
- —
TIPX
- 1D
- 0.31%
- 1M
- 1.42%
- YTD
- 2.31%
- 6M
- 1.15%
- 1Y
- 6.43%
- 3Y*
- 2.18%
- 5Y*
- 3.40%
- 10Y*
- 3.76%
BBGE.L vs. TIPX - 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% |
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 2.31% | -0.49% | 4.88% | -0.79% | 3.41% | 6.42% | 5.33% | 2.32% |
Correlation
The correlation between BBGE.L and TIPX is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | 0.36 |
Over the past year, the correlation between BBGE.L and TIPX has dropped to 0.07 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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Return for Risk
BBGE.L vs. TIPX — Risk / Return Rank
BBGE.L
TIPX
BBGE.L vs. TIPX - 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 SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX). 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 | TIPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.19 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 1.15 | -0.59 |
| Martin ratioReturn relative to average drawdown | 1.25 | 3.30 | -2.05 |
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 | TIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 1.01 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.29 | 0.41 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.35 | -0.44 |
Drawdowns
BBGE.L vs. TIPX - Drawdown Comparison
The maximum BBGE.L drawdown since its inception was -26.98%, which is greater than TIPX's maximum drawdown of -15.84%. Use the drawdown chart below to compare losses from any high point for BBGE.L and TIPX.
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Drawdown Indicators
| BBGE.L | TIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.98% | -15.84% | -11.14% |
Max Drawdown (1Y)Largest decline over 1 year | -4.67% | -5.62% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -6.35% | -7.83% | +1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -21.06% | -15.81% | -5.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.84% | — |
Current DrawdownCurrent decline from peak | -19.17% | -5.29% | -13.88% |
Average DrawdownAverage peak-to-trough decline | -15.68% | -6.51% | -9.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 1.95% | +0.14% |
Volatility
BBGE.L vs. TIPX - Volatility Comparison
JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) (BBGE.L) has a higher volatility of 1.84% compared to SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) at 1.46%. This indicates that BBGE.L's price experiences larger fluctuations and is considered to be riskier than TIPX 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 | TIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 1.46% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 4.84% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.48% | 6.39% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.55% | 8.33% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.02% | 9.69% | -1.67% |
BBGE.L vs. TIPX - Expense Ratio Comparison
BBGE.L has a 0.10% expense ratio, which is lower than TIPX's 0.15% 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
BBGE.L vs. TIPX - Dividend Comparison
BBGE.L has not paid dividends to shareholders, while TIPX's dividend yield for the trailing twelve months is around 4.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 4.56% | 3.78% | 3.57% | 3.57% | 6.08% | 4.26% | 1.73% | 2.53% | 1.90% | 2.84% | 1.04% | 0.06% |
Frequently Asked Questions
BBGE.L and TIPX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
BBGE.L is cheaper with a 0.10% expense ratio, compared with 0.15% for TIPX.
BBGE.L is categorized as European Government Bonds, while TIPX is Inflation-Protected Bonds. BBGE.L tracks Bloomberg Euro Agg Govt TR EUR, while TIPX tracks Bloomberg US Govt Inflation-Linked (1-10 Y). They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.10% for BBGE.L and 0.15% for TIPX.
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