BJLM.DE vs. SECD.DE
BJLM.DE (BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation) and SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) are both European Government Bonds funds. BJLM.DE is actively managed, while SECD.DE is passively managed. Over the past year, BJLM.DE returned -0.14% vs -0.03% for SECD.DE. With a 0.96 correlation, they move nearly in lockstep. BJLM.DE charges 0.12%/yr vs 0.09%/yr for SECD.DE.
Performance
BJLM.DE vs. SECD.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 SECD.DE's 0.13% return.
BJLM.DE
- 1D
- 0.07%
- 1M
- 0.52%
- YTD
- 0.09%
- 6M
- -0.00%
- 1Y
- -0.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SECD.DE
- 1D
- 0.11%
- 1M
- 0.64%
- YTD
- 0.13%
- 6M
- 0.10%
- 1Y
- -0.03%
- 3Y*
- 2.34%
- 5Y*
- -2.19%
- 10Y*
- —
BJLM.DE vs. SECD.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% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 0.13% | 0.63% | 3.30% |
Correlation
The correlation between BJLM.DE and SECD.DE is 0.92, 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 | 0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2024 | 0.96 |
The correlation between BJLM.DE and SECD.DE has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
BJLM.DE vs. SECD.DE — Risk / Return Rank
BJLM.DE
SECD.DE
BJLM.DE vs. SECD.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 iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.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 | SECD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.00 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | -0.01 | -0.03 |
| Martin ratioReturn relative to average drawdown | -0.10 | -0.02 | -0.08 |
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 | SECD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | -0.01 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | -0.38 | +0.62 |
Drawdowns
BJLM.DE vs. SECD.DE - Drawdown Comparison
The maximum BJLM.DE drawdown since its inception was -3.87%, smaller than the maximum SECD.DE drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for BJLM.DE and SECD.DE.
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Drawdown Indicators
| BJLM.DE | SECD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.87% | -22.04% | +18.17% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -3.41% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.96% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.21% | — |
Current DrawdownCurrent decline from peak | -1.97% | -13.67% | +11.70% |
Average DrawdownAverage peak-to-trough decline | -1.31% | -12.64% | +11.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.33% | 0.00% |
Volatility
BJLM.DE vs. SECD.DE - Volatility Comparison
The current volatility for BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation (BJLM.DE) is 1.69%, while iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) has a volatility of 1.78%. This indicates that BJLM.DE experiences smaller price fluctuations and is considered to be less risky than SECD.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 | SECD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 1.78% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.12% | 3.63% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.70% | 4.34% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.84% | 6.28% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.84% | 6.02% | -1.18% |
BJLM.DE vs. SECD.DE - Expense Ratio Comparison
BJLM.DE has a 0.12% expense ratio, which is higher than SECD.DE's 0.09% expense ratio. However, 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. SECD.DE - Dividend Comparison
BJLM.DE has not paid dividends to shareholders, while SECD.DE's dividend yield for the trailing twelve months is around 2.71%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BJLM.DE BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation | 0.00% | 0.00% | 0.00% | 0.00% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 2.71% | 2.59% | 2.30% | 1.17% |
Frequently Asked Questions
With a correlation of 0.92, BJLM.DE and SECD.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SECD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SECD.DE is cheaper with a 0.09% expense ratio, compared with 0.12% for BJLM.DE.
They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.12% for BJLM.DE and 0.09% for SECD.DE.
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