BJLM.DE vs. EL4S.DE
BJLM.DE (BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation) and EL4S.DE (Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF) are both European Government Bonds funds. BJLM.DE is actively managed, while EL4S.DE is passively managed. Over the past year, BJLM.DE returned -0.14% vs 0.60% for EL4S.DE. A 0.65 correlation means they provide meaningful diversification when combined. BJLM.DE charges 0.12%/yr vs 0.15%/yr for EL4S.DE.
Performance
BJLM.DE vs. EL4S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BJLM.DE achieves a 0.09% return, which is significantly lower than EL4S.DE's 0.11% return.
BJLM.DE
- 1D
- 0.07%
- 1M
- 0.52%
- YTD
- 0.09%
- 6M
- -0.00%
- 1Y
- -0.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EL4S.DE
- 1D
- 0.02%
- 1M
- 0.23%
- YTD
- 0.11%
- 6M
- 0.14%
- 1Y
- 0.60%
- 3Y*
- 2.24%
- 5Y*
- 0.36%
- 10Y*
- -0.20%
BJLM.DE vs. EL4S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BJLM.DE BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation | 0.09% | 0.55% | 2.01% |
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 0.11% | 1.65% | 3.23% |
Correlation
The correlation between BJLM.DE and EL4S.DE is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2024 | 0.65 |
The correlation between BJLM.DE and EL4S.DE has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.
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Return for Risk
BJLM.DE vs. EL4S.DE — Risk / Return Rank
BJLM.DE
EL4S.DE
BJLM.DE vs. EL4S.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 Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.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.
| BJLM.DE | EL4S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.10 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 0.58 | -0.62 |
| Martin ratioReturn relative to average drawdown | -0.10 | 1.87 | -1.97 |
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
| BJLM.DE | EL4S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 0.54 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.24 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | -0.30 | +0.54 |
Drawdowns
BJLM.DE vs. EL4S.DE - Drawdown Comparison
The maximum BJLM.DE drawdown since its inception was -3.87%, smaller than the maximum EL4S.DE drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for BJLM.DE and EL4S.DE.
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Drawdown Indicators
| BJLM.DE | EL4S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.87% | -13.04% | +9.17% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -1.03% | -2.30% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.86% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.46% | — |
Current DrawdownCurrent decline from peak | -1.97% | -6.04% | +4.07% |
Average DrawdownAverage peak-to-trough decline | -1.31% | -5.87% | +4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 0.32% | +1.01% |
Volatility
BJLM.DE vs. EL4S.DE - Volatility Comparison
BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation (BJLM.DE) has a higher volatility of 1.69% compared to Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.DE) at 0.44%. This indicates that BJLM.DE's price experiences larger fluctuations and is considered to be riskier than EL4S.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 | EL4S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 0.44% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 4.12% | 0.97% | +3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.70% | 1.10% | +3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.84% | 1.46% | +3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.84% | 1.12% | +3.72% |
BJLM.DE vs. EL4S.DE - Expense Ratio Comparison
BJLM.DE has a 0.12% expense ratio, which is lower than EL4S.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. EL4S.DE - Dividend Comparison
BJLM.DE has not paid dividends to shareholders, while EL4S.DE's dividend yield for the trailing twelve months is around 1.48%.
| 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% |
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 1.48% | 1.20% | 0.83% | 0.60% | 0.88% | 0.94% | 0.78% | 1.06% | 0.99% | 1.63% | 1.46% | 1.60% |
Frequently Asked Questions
BJLM.DE and EL4S.DE have a correlation of 0.57, 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 EL4S.DE.
They also come from different issuers: BNP Paribas and Deka. Their fees differ too: 0.12% for BJLM.DE and 0.15% for EL4S.DE.
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