BJLM.DE vs. VGEB.DE
BJLM.DE (BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation) and VGEB.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) are both European Government Bonds funds. BJLM.DE is actively managed, while VGEB.DE is passively managed. Over the past year, BJLM.DE returned -0.14% vs -0.09% for VGEB.DE. With a 0.96 correlation, they move nearly in lockstep. BJLM.DE charges 0.12%/yr vs 0.07%/yr for VGEB.DE.
Performance
BJLM.DE vs. VGEB.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 VGEB.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*
- —
VGEB.DE
- 1D
- 0.03%
- 1M
- 0.64%
- YTD
- 0.13%
- 6M
- 0.07%
- 1Y
- -0.09%
- 3Y*
- 2.38%
- 5Y*
- -2.17%
- 10Y*
- —
BJLM.DE vs. VGEB.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% |
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 0.13% | 0.69% | 3.28% |
Correlation
The correlation between BJLM.DE and VGEB.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 VGEB.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. VGEB.DE — Risk / Return Rank
BJLM.DE
VGEB.DE
BJLM.DE vs. VGEB.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 Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.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 | VGEB.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 | 1.00 | 1.00 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | -0.03 | -0.02 |
| Martin ratioReturn relative to average drawdown | -0.10 | -0.06 | -0.04 |
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 | VGEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | -0.02 | -0.01 |
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 | -0.03 | +0.27 |
Drawdowns
BJLM.DE vs. VGEB.DE - Drawdown Comparison
The maximum BJLM.DE drawdown since its inception was -3.87%, smaller than the maximum VGEB.DE drawdown of -22.15%. Use the drawdown chart below to compare losses from any high point for BJLM.DE and VGEB.DE.
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Drawdown Indicators
| BJLM.DE | VGEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.87% | -22.15% | +18.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -3.43% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.05% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.25% | — |
Current DrawdownCurrent decline from peak | -1.97% | -13.65% | +11.68% |
Average DrawdownAverage peak-to-trough decline | -1.31% | -8.83% | +7.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.35% | -0.02% |
Volatility
BJLM.DE vs. VGEB.DE - Volatility Comparison
BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation (BJLM.DE) and Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE) have volatilities of 1.69% and 1.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BJLM.DE | VGEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 1.63% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 4.12% | 3.47% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.70% | 4.16% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.84% | 6.32% | -1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.84% | 5.52% | -0.68% |
BJLM.DE vs. VGEB.DE - Expense Ratio Comparison
BJLM.DE has a 0.12% expense ratio, which is higher than VGEB.DE's 0.07% 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. VGEB.DE - Dividend Comparison
BJLM.DE has not paid dividends to shareholders, while VGEB.DE's dividend yield for the trailing twelve months is around 2.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 2.89% | 2.88% | 2.56% | 1.96% | 0.66% | 0.08% | 0.19% | 0.74% | 0.80% | 0.09% |
Frequently Asked Questions
With a correlation of 0.92, BJLM.DE and VGEB.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, VGEB.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEB.DE is cheaper with a 0.07% expense ratio, compared with 0.12% for BJLM.DE.
They also come from different issuers: BNP Paribas and Vanguard. Their fees differ too: 0.12% for BJLM.DE and 0.07% for VGEB.DE.
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