BBGE.L vs. WFSPX

Last updated Jun 26, 2026

BBGE.L (JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc)) and WFSPX (iShares S&P 500 Index Fund Class K) are both funds - BBGE.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while WFSPX is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, BBGE.L returned -2.03%/yr vs 14.21%/yr for WFSPX. At a 0.10 correlation, their price movements are largely independent. BBGE.L charges 0.10%/yr vs 0.03%/yr for WFSPX.

Performance

BBGE.L vs. WFSPX - 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 iShares S&P 500 Index Fund Class K (WFSPX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BBGE.L is traded in GBP, while WFSPX is traded in USD. To make them comparable, the WFSPX 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 -0.51% return, which is significantly lower than WFSPX's 10.59% 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*: —

WFSPX

• 1D: 0.16%
• 1M: 0.03%
• YTD: 10.59%
• 6M: 9.50%
• 1Y: 26.73%
• 3Y*: 19.33%
• 5Y*: 14.21%
• 10Y*: 15.94%

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

BBGE.L vs. WFSPX - 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%
WFSPX iShares S&P 500 Index Fund Class K	10.59%	9.44%	27.12%	19.94%	-8.41%	29.85%	14.95%	8.87%

Correlation

The correlation between BBGE.L and WFSPX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (All Time) Calculated using the full available price history since Apr 25, 2019	0.10

Return for Risk

BBGE.L vs. WFSPX — 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

WFSPX

WFSPX Risk / Return Rank: 55
WFSPX Sharpe Ratio Rank: 52
WFSPX Sortino Ratio Rank: 48
WFSPX Omega Ratio Rank: 50
WFSPX Calmar Ratio Rank: 56
WFSPX Martin Ratio Rank: 68

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. WFSPX - 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 S&P 500 Index Fund Class K (WFSPX). 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	WFSPX	Difference
Sharpe ratio: Return per unit of total volatility	0.27	2.19	-1.92
Sortino ratio: Return per unit of downside risk	0.43	2.86	-2.43
Omega ratio: Gain probability vs. loss probability	1.05	1.41	-0.36
Calmar ratio: Return relative to maximum drawdown	0.31	3.48	-3.17
Martin ratio: Return relative to average drawdown	0.67	13.16	-12.49

BBGE.L vs. WFSPX - Sharpe Ratio Comparison

The current BBGE.L Sharpe Ratio is 0.27, which is lower than the WFSPX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of BBGE.L and WFSPX, 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. WFSPX - Drawdown Comparison

The maximum BBGE.L drawdown since its inception was -26.97%, smaller than the maximum WFSPX drawdown of -34.88%. Use the drawdown chart below to compare losses from any high point for BBGE.L and WFSPX.

Drawdown Indicators

	BBGE.L	WFSPX	Difference
Max Drawdown Largest peak-to-trough decline	-26.97%	-34.88%	+7.91%
Max Drawdown (1Y) Largest decline over 1 year	-4.67%	-7.56%	+2.89%
Max Drawdown (3Y) Largest decline over 3 years	-6.34%	-21.88%	+15.54%
Max Drawdown (5Y) Largest decline over 5 years	-21.06%	-21.88%	+0.82%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.81%	—
Current Drawdown Current decline from peak	-18.87%	-1.58%	-17.29%
Average Drawdown Average peak-to-trough decline	-16.08%	-4.76%	-11.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	2.00%	+0.21%

Volatility

BBGE.L vs. WFSPX - Volatility Comparison

The current volatility for JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) (BBGE.L) is 1.56%, while iShares S&P 500 Index Fund Class K (WFSPX) has a volatility of 4.35%. This indicates that BBGE.L experiences smaller price fluctuations and is considered to be less risky than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBGE.L	WFSPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.56%	4.35%	-2.79%
Volatility (6M) Calculated over the trailing 6-month period	4.26%	8.96%	-4.70%
Volatility (1Y) Calculated over the trailing 1-year period	5.38%	12.02%	-6.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.55%	15.94%	-8.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.69%	18.05%	-8.36%

BBGE.L vs. WFSPX - Expense Ratio Comparison

BBGE.L has a 0.10% expense ratio, which is higher than WFSPX's 0.03% 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. WFSPX - Dividend Comparison

BBGE.L has not paid dividends to shareholders, while WFSPX's dividend yield for the trailing twelve months is around 1.62%.

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%
WFSPX iShares S&P 500 Index Fund Class K	1.62%	1.72%	1.41%	1.50%	2.02%	1.82%	1.66%	1.99%	2.00%	1.62%	2.37%	2.49%

Frequently Asked Questions

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

BBGE.L and WFSPX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.