BBLL.DE vs. JREZ.DE

Last updated Jun 5, 2026

BBLL.DE (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) and JREZ.DE (JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)) are both exchange-traded funds - BBLL.DE is a Government Bonds fund tracking the ICE US Treasury 0-1 Year Index, while JREZ.DE is a Europe Equities fund tracking the JP Morgan Eurozone Research Enhanced Index Equity (ESG). Both are passively managed. Over the past 3 years, BBLL.DE returned 1.85%/yr vs 15.63%/yr for JREZ.DE. At a correlation of -0.30, they often move in opposite directions. BBLL.DE charges 0.07%/yr vs 0.25%/yr for JREZ.DE.

Performance

BBLL.DE vs. JREZ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) and JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREZ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBLL.DE achieves a 2.66% return, which is significantly lower than JREZ.DE's 8.95% 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*: —

JREZ.DE

• 1D: 0.54%
• 1M: 4.51%
• YTD: 8.95%
• 6M: 10.66%
• 1Y: 18.39%
• 3Y*: 15.63%
• 5Y*: —
• 10Y*: —

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

BBLL.DE vs. JREZ.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%	0.00%
JREZ.DE JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)	8.95%	23.99%	8.26%	20.23%	0.68%

Correlation

The correlation between BBLL.DE and JREZ.DE is -0.20, 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	-0.20
Correlation (3Y) Calculated over the trailing 3-year period	-0.24
Correlation (All Time) Calculated using the full available price history since May 5, 2022	-0.30

Return for Risk

BBLL.DE vs. JREZ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBLL.DE

BBLL.DE Risk / Return Rank: 15
BBLL.DE Sharpe Ratio Rank: 14
BBLL.DE Sortino Ratio Rank: 13
BBLL.DE Omega Ratio Rank: 13
BBLL.DE Calmar Ratio Rank: 17
BBLL.DE Martin Ratio Rank: 15

JREZ.DE

JREZ.DE Risk / Return Rank: 37
JREZ.DE Sharpe Ratio Rank: 35
JREZ.DE Sortino Ratio Rank: 36
JREZ.DE Omega Ratio Rank: 35
JREZ.DE Calmar Ratio Rank: 37
JREZ.DE Martin Ratio Rank: 41

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.

BBLL.DE vs. JREZ.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 Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREZ.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	JREZ.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.34	1.23	-0.88
Sortino ratio: Return per unit of downside risk	0.52	1.85	-1.33
Omega ratio: Gain probability vs. loss probability	1.06	1.23	-0.17
Calmar ratio: Return relative to maximum drawdown	0.62	1.80	-1.18
Martin ratio: Return relative to average drawdown	1.30	6.49	-5.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBLL.DE vs. JREZ.DE - Sharpe Ratio Comparison

The current BBLL.DE Sharpe Ratio is 0.34, which is lower than the JREZ.DE Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of BBLL.DE and JREZ.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBLL.DE	JREZ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.34	1.23	-0.88
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	0.96	-0.67

Drawdowns

BBLL.DE vs. JREZ.DE - Drawdown Comparison

The maximum BBLL.DE drawdown since its inception was -13.03%, smaller than the maximum JREZ.DE drawdown of -14.86%. Use the drawdown chart below to compare losses from any high point for BBLL.DE and JREZ.DE.

Drawdown Indicators

	BBLL.DE	JREZ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-13.03%	-14.86%	+1.83%
Max Drawdown (1Y) Largest decline over 1 year	-3.38%	-10.20%	+6.82%
Max Drawdown (3Y) Largest decline over 3 years	-11.65%	-14.81%	+3.16%
Max Drawdown (5Y) Largest decline over 5 years	-11.65%	—	—
Current Drawdown Current decline from peak	-7.22%	-0.54%	-6.68%
Average Drawdown Average peak-to-trough decline	-6.14%	-2.89%	-3.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	2.83%	-1.22%

Volatility

BBLL.DE vs. JREZ.DE - Volatility Comparison

The current volatility for JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) is 1.28%, while JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREZ.DE) has a volatility of 4.64%. This indicates that BBLL.DE experiences smaller price fluctuations and is considered to be less risky than JREZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBLL.DE	JREZ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	4.64%	-3.36%
Volatility (6M) Calculated over the trailing 6-month period	4.12%	12.16%	-8.04%
Volatility (1Y) Calculated over the trailing 1-year period	6.07%	14.92%	-8.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.46%	15.44%	-7.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.22%	15.44%	-8.22%

BBLL.DE vs. JREZ.DE - Expense Ratio Comparison

BBLL.DE has a 0.07% expense ratio, which is lower than JREZ.DE's 0.25% 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. JREZ.DE - Dividend Comparison

Neither BBLL.DE nor JREZ.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BBLL.DE and JREZ.DE in my portfolio?

BBLL.DE and JREZ.DE have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BBLL.DE or JREZ.DE?

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.

Which ETF is cheaper, BBLL.DE or JREZ.DE?

BBLL.DE is cheaper with a 0.07% expense ratio, compared with 0.25% for JREZ.DE.

What is the main difference between BBLL.DE and JREZ.DE?

BBLL.DE is categorized as Government Bonds, while JREZ.DE is Europe Equities. BBLL.DE tracks ICE US Treasury 0-1 Year Index, while JREZ.DE tracks JP Morgan Eurozone Research Enhanced Index Equity (ESG). Their fees differ too: 0.07% for BBLL.DE and 0.25% for JREZ.DE.