BBLL.DE vs. JMBE.DE
BBLL.DE (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) and JMBE.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc)) are both exchange-traded funds - BBLL.DE is a Government Bonds fund tracking the ICE US Treasury 0-1 Year Index, while JMBE.DE is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified Hedge TR EUR. Both are passively managed. Over the past 5 years, BBLL.DE returned 4.40%/yr vs -0.64%/yr for JMBE.DE. At a correlation of -0.34, they often move in opposite directions. BBLL.DE charges 0.07%/yr vs 0.39%/yr for JMBE.DE.
Performance
BBLL.DE vs. JMBE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BBLL.DE achieves a 5.03% return, which is significantly higher than JMBE.DE's 1.19% return.
BBLL.DE
- 1D
- -0.22%
- 1M
- 2.36%
- YTD
- 5.03%
- 6M
- 5.24%
- 1Y
- 6.10%
- 3Y*
- 3.19%
- 5Y*
- 4.40%
- 10Y*
- —
JMBE.DE
- 1D
- 0.03%
- 1M
- 1.42%
- YTD
- 1.19%
- 6M
- 1.28%
- 1Y
- 8.17%
- 3Y*
- 5.58%
- 5Y*
- -0.64%
- 10Y*
- —
BBLL.DE vs. JMBE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 5.03% | -7.36% | 11.29% | 1.33% | 7.29% | 8.35% | -8.23% | -9.76% |
JMBE.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) | 1.19% | 11.00% | 0.03% | 7.02% | -18.34% | -3.60% | 3.18% | 3.72% |
Correlation
The correlation between BBLL.DE and JMBE.DE is -0.38, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.39 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2019 | -0.34 |
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Return for Risk
BBLL.DE vs. JMBE.DE — Risk / Return Rank
BBLL.DE
JMBE.DE
BBLL.DE vs. JMBE.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 JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.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.
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.
| BBLL.DE | JMBE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.28 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.72 | +0.08 |
| Martin ratioReturn relative to average drawdown | 4.26 | 6.80 | -2.54 |
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Drawdowns
BBLL.DE vs. JMBE.DE - Drawdown Comparison
The maximum BBLL.DE drawdown since its inception was -17.24%, smaller than the maximum JMBE.DE drawdown of -28.18%. Use the drawdown chart below to compare losses from any high point for BBLL.DE and JMBE.DE.
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Drawdown Indicators
| BBLL.DE | JMBE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.24% | -28.18% | +10.94% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -4.73% | +1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -11.65% | -7.78% | -3.87% |
Max Drawdown (5Y)Largest decline over 5 years | -11.65% | -27.72% | +16.07% |
Current DrawdownCurrent decline from peak | -5.07% | -5.40% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -8.31% | -10.35% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.20% | +0.23% |
Volatility
BBLL.DE vs. JMBE.DE - Volatility Comparison
JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) has a higher volatility of 1.61% compared to JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.DE) at 1.41%. This indicates that BBLL.DE's price experiences larger fluctuations and is considered to be riskier than JMBE.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 | JMBE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 1.41% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 4.60% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.07% | 5.53% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.45% | 8.55% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.28% | 9.62% | -1.34% |
BBLL.DE vs. JMBE.DE - Expense Ratio Comparison
BBLL.DE has a 0.07% expense ratio, which is lower than JMBE.DE's 0.39% expense ratio.
Dividends
BBLL.DE vs. JMBE.DE - Dividend Comparison
Neither BBLL.DE nor JMBE.DE has paid dividends to shareholders.
Frequently Asked Questions
BBLL.DE and JMBE.DE have a correlation of -0.38, 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 0.39% for JMBE.DE.
BBLL.DE is categorized as Government Bonds, while JMBE.DE is Emerging Markets Bonds. BBLL.DE tracks ICE US Treasury 0-1 Year Index, while JMBE.DE tracks JPM EMBI Global Diversified Hedge TR EUR. Their fees differ too: 0.07% for BBLL.DE and 0.39% for JMBE.DE.
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