BJLM.DE vs. EMEC.DE
BJLM.DE (BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation) and EMEC.DE (BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR) are both exchange-traded funds - BJLM.DE is a European Government Bonds fund actively managed by BNP Paribas, while EMEC.DE is a Global Equities fund tracking the ECPI Circular Economy Leaders Equity. BJLM.DE is actively managed, while EMEC.DE is passively managed. Over the past year, BJLM.DE returned -0.14% vs 21.09% for EMEC.DE. At a 0.18 correlation, their price movements are largely independent. BJLM.DE charges 0.12%/yr vs 0.30%/yr for EMEC.DE.
Performance
BJLM.DE vs. EMEC.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 EMEC.DE's 10.95% return.
BJLM.DE
- 1D
- 0.07%
- 1M
- 0.52%
- YTD
- 0.09%
- 6M
- -0.00%
- 1Y
- -0.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMEC.DE
- 1D
- -0.24%
- 1M
- 5.19%
- YTD
- 10.95%
- 6M
- 10.54%
- 1Y
- 21.09%
- 3Y*
- 11.29%
- 5Y*
- 9.49%
- 10Y*
- —
BJLM.DE vs. EMEC.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% |
EMEC.DE BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR | 10.95% | 5.92% | 6.30% |
Correlation
The correlation between BJLM.DE and EMEC.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2024 | 0.18 |
The correlation between BJLM.DE and EMEC.DE shifts across timeframes, from 0.18 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BJLM.DE vs. EMEC.DE — Risk / Return Rank
BJLM.DE
EMEC.DE
BJLM.DE vs. EMEC.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 BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.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 | EMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.31 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 2.64 | -2.68 |
| Martin ratioReturn relative to average drawdown | -0.10 | 9.05 | -9.15 |
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 | EMEC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 1.73 | -1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.82 | -0.58 |
Drawdowns
BJLM.DE vs. EMEC.DE - Drawdown Comparison
The maximum BJLM.DE drawdown since its inception was -3.87%, smaller than the maximum EMEC.DE drawdown of -30.18%. Use the drawdown chart below to compare losses from any high point for BJLM.DE and EMEC.DE.
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Drawdown Indicators
| BJLM.DE | EMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.87% | -30.18% | +26.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -7.95% | +4.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.78% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.78% | — |
Current DrawdownCurrent decline from peak | -1.97% | -0.24% | -1.73% |
Average DrawdownAverage peak-to-trough decline | -1.31% | -5.05% | +3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 2.32% | -0.99% |
Volatility
BJLM.DE vs. EMEC.DE - Volatility Comparison
The current volatility for BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation (BJLM.DE) is 1.69%, while BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) has a volatility of 3.47%. This indicates that BJLM.DE experiences smaller price fluctuations and is considered to be less risky than EMEC.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 | EMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 3.47% | -1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 4.12% | 8.86% | -4.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.70% | 12.15% | -7.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.84% | 14.05% | -9.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.84% | 16.00% | -11.16% |
BJLM.DE vs. EMEC.DE - Expense Ratio Comparison
BJLM.DE has a 0.12% expense ratio, which is lower than EMEC.DE's 0.30% expense ratio.
Dividends
BJLM.DE vs. EMEC.DE - Dividend Comparison
Neither BJLM.DE nor EMEC.DE has paid dividends to shareholders.
Frequently Asked Questions
BJLM.DE and EMEC.DE have a correlation of 0.31, 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 0.30% for EMEC.DE.
BJLM.DE is categorized as European Government Bonds, while EMEC.DE is Global Equities. Their fees differ too: 0.12% for BJLM.DE and 0.30% for EMEC.DE.
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