BJLM.DE vs. EL4P.DE
BJLM.DE (BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation) and EL4P.DE (Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF) are both European Government Bonds funds. BJLM.DE is actively managed, while EL4P.DE is passively managed. Over the past year, BJLM.DE returned 1.09% vs 1.76% for EL4P.DE. Their correlation of 0.93 suggests significant overlap in exposure. BJLM.DE charges 0.12%/yr vs 0.15%/yr for EL4P.DE.
Performance
BJLM.DE vs. EL4P.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BJLM.DE achieves a 1.22% return, which is significantly lower than EL4P.DE's 1.55% return.
BJLM.DE
- 1D
- 0.00%
- 1M
- 0.83%
- YTD
- 1.22%
- 6M
- 1.35%
- 1Y
- 1.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EL4P.DE
- 1D
- 0.07%
- 1M
- 1.11%
- YTD
- 1.55%
- 6M
- 1.76%
- 1Y
- 1.76%
- 3Y*
- 3.08%
- 5Y*
- -2.01%
- 10Y*
- -0.11%
BJLM.DE vs. EL4P.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BJLM.DE BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation | 1.22% | 0.55% | 2.71% |
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 1.55% | 1.64% | 2.39% |
Correlation
The correlation between BJLM.DE and EL4P.DE is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2024 | 0.93 |
The correlation between BJLM.DE and EL4P.DE has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
BJLM.DE vs. EL4P.DE — Risk / Return Rank
BJLM.DE
EL4P.DE
BJLM.DE vs. EL4P.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation (BJLM.DE) and Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.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.
| BJLM.DE | EL4P.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.07 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 0.43 | -0.10 |
| Martin ratioReturn relative to average drawdown | 0.81 | 1.11 | -0.30 |
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Drawdowns
BJLM.DE vs. EL4P.DE - Drawdown Comparison
The maximum BJLM.DE drawdown since its inception was -3.87%, smaller than the maximum EL4P.DE drawdown of -23.49%. Use the drawdown chart below to compare losses from any high point for BJLM.DE and EL4P.DE.
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Drawdown Indicators
| BJLM.DE | EL4P.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.87% | -23.49% | +19.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -4.09% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.43% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.13% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.49% | — |
Current DrawdownCurrent decline from peak | -0.85% | -12.55% | +11.70% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -5.58% | +4.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.58% | -0.24% |
Volatility
BJLM.DE vs. EL4P.DE - Volatility Comparison
The current volatility for BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation (BJLM.DE) is 1.08%, while Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.DE) has a volatility of 1.25%. This indicates that BJLM.DE experiences smaller price fluctuations and is considered to be less risky than EL4P.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BJLM.DE | EL4P.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.25% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 4.13% | 4.13% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.70% | 4.93% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.62% | 7.48% | -2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.62% | 6.06% | -1.44% |
BJLM.DE vs. EL4P.DE - Expense Ratio Comparison
BJLM.DE has a 0.12% expense ratio, which is lower than EL4P.DE's 0.15% 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
BJLM.DE vs. EL4P.DE - Dividend Comparison
BJLM.DE has not paid dividends to shareholders, while EL4P.DE's dividend yield for the trailing twelve months is around 3.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BJLM.DE BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 3.59% | 2.66% | 1.83% | 1.37% | 0.39% | 0.62% | 0.83% | 1.08% | 0.64% | 1.41% | 1.80% | 2.32% |
Frequently Asked Questions
BJLM.DE and EL4P.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BJLM.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BJLM.DE is cheaper with a 0.12% expense ratio, compared with 0.15% for EL4P.DE.
They also come from different issuers: BNP Paribas and Deka. Their fees differ too: 0.12% for BJLM.DE and 0.15% for EL4P.DE.
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