BBLL.DE vs. ERNX.DE
BBLL.DE (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) and ERNX.DE (iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating) are both exchange-traded funds - BBLL.DE is a Government Bonds fund tracking the ICE US Treasury 0-1 Year Index, while ERNX.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. Both are passively managed. Over the past 3 years, BBLL.DE returned 1.85%/yr vs 3.33%/yr for ERNX.DE. At a correlation of -0.06, they often move in opposite directions. BBLL.DE charges 0.07%/yr vs 0.09%/yr for ERNX.DE.
Performance
BBLL.DE vs. ERNX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BBLL.DE achieves a 2.66% return, which is significantly higher than ERNX.DE's 0.87% return.
BBLL.DE
- 1D
- -0.11%
- 1M
- 1.01%
- YTD
- 2.66%
- 6M
- 2.06%
- 1Y
- 2.10%
- 3Y*
- 1.85%
- 5Y*
- 4.31%
- 10Y*
- —
ERNX.DE
- 1D
- 0.04%
- 1M
- 0.26%
- YTD
- 0.87%
- 6M
- 0.99%
- 1Y
- 2.18%
- 3Y*
- 3.33%
- 5Y*
- —
- 10Y*
- —
BBLL.DE vs. ERNX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 2.66% | -7.37% | 11.29% | 1.32% | -0.17% |
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 0.87% | 2.69% | 4.04% | 3.34% | 0.10% |
Correlation
The correlation between BBLL.DE and ERNX.DE is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since May 2, 2022 | -0.06 |
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Return for Risk
BBLL.DE vs. ERNX.DE — Risk / Return Rank
BBLL.DE
ERNX.DE
BBLL.DE vs. ERNX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) and iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE). 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.
| BBLL.DE | ERNX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.59 | ||
| Sortino ratioReturn per unit of downside risk | -4.46 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.67 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 10.99 | -10.37 |
| Martin ratioReturn relative to average drawdown | 1.30 | 54.93 | -53.63 |
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
| BBLL.DE | ERNX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 2.94 | -2.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 3.90 | -3.60 |
Drawdowns
BBLL.DE vs. ERNX.DE - Drawdown Comparison
The maximum BBLL.DE drawdown since its inception was -13.03%, which is greater than ERNX.DE's maximum drawdown of -0.83%. Use the drawdown chart below to compare losses from any high point for BBLL.DE and ERNX.DE.
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Drawdown Indicators
| BBLL.DE | ERNX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.03% | -0.83% | -12.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -0.20% | -3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -11.65% | -0.20% | -11.45% |
Max Drawdown (5Y)Largest decline over 5 years | -11.65% | — | — |
Current DrawdownCurrent decline from peak | -7.22% | -0.00% | -7.22% |
Average DrawdownAverage peak-to-trough decline | -6.14% | -0.09% | -6.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 0.04% | +1.57% |
Volatility
BBLL.DE vs. ERNX.DE - Volatility Comparison
JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) has a higher volatility of 1.28% compared to iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) at 0.17%. This indicates that BBLL.DE's price experiences larger fluctuations and is considered to be riskier than ERNX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBLL.DE | ERNX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 0.17% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.12% | 0.56% | +3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.07% | 0.74% | +5.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.46% | 0.68% | +6.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.22% | 0.68% | +6.54% |
BBLL.DE vs. ERNX.DE - Expense Ratio Comparison
BBLL.DE has a 0.07% expense ratio, which is lower than ERNX.DE's 0.09% 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
BBLL.DE vs. ERNX.DE - Dividend Comparison
Neither BBLL.DE nor ERNX.DE has paid dividends to shareholders.
Frequently Asked Questions
BBLL.DE and ERNX.DE have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BBLL.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBLL.DE is cheaper with a 0.07% expense ratio, compared with 0.09% for ERNX.DE.
BBLL.DE is categorized as Government Bonds, while ERNX.DE is Ultrashort Bond. BBLL.DE tracks ICE US Treasury 0-1 Year Index, while ERNX.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.07% for BBLL.DE and 0.09% for ERNX.DE.
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