BBGE.L vs. WLDS.L
BBGE.L (JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc)) and WLDS.L (iShares MSCI World Small Cap UCITS ETF) are both exchange-traded funds - BBGE.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while WLDS.L is a Small Cap Blend Equities fund tracking the MSCI World Small Cap Inde. Both are passively managed. Over the past 5 years, BBGE.L returned -2.18%/yr vs 8.23%/yr for WLDS.L. At a 0.08 correlation, their price movements are largely independent. BBGE.L charges 0.10%/yr vs 0.35%/yr for WLDS.L.
Performance
BBGE.L vs. WLDS.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 WLDS.L's 14.58% 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*
- —
WLDS.L
- 1D
- 0.69%
- 1M
- 4.25%
- YTD
- 14.58%
- 6M
- 14.95%
- 1Y
- 33.75%
- 3Y*
- 15.03%
- 5Y*
- 8.23%
- 10Y*
- —
BBGE.L vs. WLDS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BBGE.L JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) | -0.88% | 5.79% | -3.07% | 4.85% | -13.84% | -9.87% | 10.91% | 3.18% |
WLDS.L iShares MSCI World Small Cap UCITS ETF | 14.58% | 11.86% | 8.58% | 11.22% | -8.89% | 16.71% | 12.54% | 6.76% |
Correlation
The correlation between BBGE.L and WLDS.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | 0.08 |
The correlation between BBGE.L and WLDS.L shifts across timeframes, from 0.08 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BBGE.L vs. WLDS.L — Risk / Return Rank
BBGE.L
WLDS.L
BBGE.L vs. WLDS.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 MSCI World Small Cap UCITS ETF (WLDS.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 | WLDS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.19 | ||
| Sortino ratioReturn per unit of downside risk | -3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.48 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 4.32 | -3.76 |
| Martin ratioReturn relative to average drawdown | 1.25 | 16.35 | -15.09 |
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 | WLDS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 2.67 | -2.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.29 | 0.53 | -0.82 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.56 | -0.66 |
Drawdowns
BBGE.L vs. WLDS.L - Drawdown Comparison
The maximum BBGE.L drawdown since its inception was -26.98%, smaller than the maximum WLDS.L drawdown of -33.26%. Use the drawdown chart below to compare losses from any high point for BBGE.L and WLDS.L.
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Drawdown Indicators
| BBGE.L | WLDS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.98% | -33.26% | +6.28% |
Max Drawdown (1Y)Largest decline over 1 year | -4.67% | -7.78% | +3.11% |
Max Drawdown (3Y)Largest decline over 3 years | -6.35% | -21.55% | +15.20% |
Max Drawdown (5Y)Largest decline over 5 years | -21.06% | -21.55% | +0.49% |
Current DrawdownCurrent decline from peak | -19.17% | 0.00% | -19.17% |
Average DrawdownAverage peak-to-trough decline | -15.68% | -6.36% | -9.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 2.06% | +0.03% |
Volatility
BBGE.L vs. WLDS.L - Volatility Comparison
The current volatility for JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) (BBGE.L) is 1.84%, while iShares MSCI World Small Cap UCITS ETF (WLDS.L) has a volatility of 3.41%. This indicates that BBGE.L experiences smaller price fluctuations and is considered to be less risky than WLDS.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 | WLDS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 3.41% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 9.29% | -5.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.48% | 12.58% | -7.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.55% | 15.53% | -7.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.02% | 17.29% | -9.27% |
BBGE.L vs. WLDS.L - Expense Ratio Comparison
BBGE.L has a 0.10% expense ratio, which is lower than WLDS.L's 0.35% expense ratio.
Dividends
BBGE.L vs. WLDS.L - Dividend Comparison
Neither BBGE.L nor WLDS.L has paid dividends to shareholders.
Frequently Asked Questions
BBGE.L and WLDS.L have a correlation of 0.27, 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 0.35% for WLDS.L.
BBGE.L is categorized as European Government Bonds, while WLDS.L is Small Cap Blend Equities. BBGE.L tracks Bloomberg Euro Agg Govt TR EUR, while WLDS.L tracks MSCI World Small Cap Inde. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.10% for BBGE.L and 0.35% for WLDS.L.
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