BJLM.DE vs. SYBG.DE
BJLM.DE (BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation) and SYBG.DE (SPDR Bloomberg UK Gilt UCITS ETF) are both European Government Bonds funds. BJLM.DE is actively managed, while SYBG.DE is passively managed. Over the past year, BJLM.DE returned 1.07% vs 1.77% for SYBG.DE. A 0.66 correlation means they provide meaningful diversification when combined. BJLM.DE charges 0.12%/yr vs 0.15%/yr for SYBG.DE.
Performance
BJLM.DE vs. SYBG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BJLM.DE achieves a 1.15% return, which is significantly lower than SYBG.DE's 1.73% return.
BJLM.DE
- 1D
- 0.00%
- 1M
- 0.79%
- YTD
- 1.15%
- 6M
- 1.28%
- 1Y
- 1.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SYBG.DE
- 1D
- 0.06%
- 1M
- 2.08%
- YTD
- 1.73%
- 6M
- 2.20%
- 1Y
- 1.77%
- 3Y*
- 2.55%
- 5Y*
- -4.68%
- 10Y*
- -1.64%
BJLM.DE vs. SYBG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BJLM.DE BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation | 1.15% | 0.55% | 2.71% |
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 1.73% | 0.15% | 2.00% |
Correlation
The correlation between BJLM.DE and SYBG.DE is 0.64, 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 | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2024 | 0.66 |
The correlation between BJLM.DE and SYBG.DE has been stable across timeframes, ranging from 0.64 to 0.66 - a consistent structural relationship.
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Return for Risk
BJLM.DE vs. SYBG.DE — Risk / Return Rank
BJLM.DE
SYBG.DE
BJLM.DE vs. SYBG.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 SPDR Bloomberg UK Gilt UCITS ETF (SYBG.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 | SYBG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.04 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 0.33 | 0.00 |
| Martin ratioReturn relative to average drawdown | 0.80 | 0.77 | +0.03 |
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Drawdowns
BJLM.DE vs. SYBG.DE - Drawdown Comparison
The maximum BJLM.DE drawdown since its inception was -3.87%, smaller than the maximum SYBG.DE drawdown of -36.66%. Use the drawdown chart below to compare losses from any high point for BJLM.DE and SYBG.DE.
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Drawdown Indicators
| BJLM.DE | SYBG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.87% | -36.66% | +32.79% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -5.42% | +2.09% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.78% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.66% | — |
Current DrawdownCurrent decline from peak | -0.92% | -26.43% | +25.51% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -13.42% | +12.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 2.08% | -0.74% |
Volatility
BJLM.DE vs. SYBG.DE - Volatility Comparison
The current volatility for BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation (BJLM.DE) is 1.09%, while SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) has a volatility of 1.73%. This indicates that BJLM.DE experiences smaller price fluctuations and is considered to be less risky than SYBG.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 | SYBG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.73% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 4.14% | 6.10% | -1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.70% | 8.13% | -3.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.63% | 11.76% | -7.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 13.84% | -9.21% |
BJLM.DE vs. SYBG.DE - Expense Ratio Comparison
BJLM.DE has a 0.12% expense ratio, which is lower than SYBG.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. SYBG.DE - Dividend Comparison
BJLM.DE has not paid dividends to shareholders, while SYBG.DE's dividend yield for the trailing twelve months is around 3.73%.
| 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% |
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 3.73% | 3.64% | 2.65% | 1.69% | 1.22% | 0.82% | 1.11% | 1.14% | 1.27% | 1.60% | 1.77% | 1.89% |
Frequently Asked Questions
BJLM.DE and SYBG.DE have a correlation of 0.64, 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 SYBG.DE.
They also come from different issuers: BNP Paribas and State Street. Their fees differ too: 0.12% for BJLM.DE and 0.15% for SYBG.DE.
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