EIB3.DE vs. BJLM.DE
EIB3.DE (Invesco Euro Government Bond 1-3 Year UCITS ETF Dist) and BJLM.DE (BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation) are both European Government Bonds funds. EIB3.DE is passively managed, while BJLM.DE is actively managed. Over the past year, EIB3.DE returned 0.81% vs -0.14% for BJLM.DE. A 0.68 correlation means they provide meaningful diversification when combined. EIB3.DE charges 0.10%/yr vs 0.12%/yr for BJLM.DE.
Performance
EIB3.DE vs. BJLM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EIB3.DE achieves a 0.19% return, which is significantly higher than BJLM.DE's 0.09% return.
EIB3.DE
- 1D
- 0.93%
- 1M
- 0.27%
- YTD
- 0.19%
- 6M
- 0.55%
- 1Y
- 0.81%
- 3Y*
- 2.63%
- 5Y*
- 0.63%
- 10Y*
- —
BJLM.DE
- 1D
- 0.07%
- 1M
- 0.52%
- YTD
- 0.09%
- 6M
- -0.00%
- 1Y
- -0.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EIB3.DE vs. BJLM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 0.19% | 2.14% | 3.46% |
BJLM.DE BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation | 0.09% | 0.55% | 2.01% |
Correlation
The correlation between EIB3.DE and BJLM.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2024 | 0.68 |
The correlation between EIB3.DE and BJLM.DE shifts across timeframes, from 0.50 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EIB3.DE vs. BJLM.DE — Risk / Return Rank
EIB3.DE
BJLM.DE
EIB3.DE vs. BJLM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) and BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation (BJLM.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.
| EIB3.DE | BJLM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.00 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | -0.04 | +0.55 |
| Martin ratioReturn relative to average drawdown | 1.50 | -0.10 | +1.60 |
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
| EIB3.DE | BJLM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | -0.03 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.24 | -0.07 |
Drawdowns
EIB3.DE vs. BJLM.DE - Drawdown Comparison
The maximum EIB3.DE drawdown since its inception was -6.78%, which is greater than BJLM.DE's maximum drawdown of -3.87%. Use the drawdown chart below to compare losses from any high point for EIB3.DE and BJLM.DE.
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Drawdown Indicators
| EIB3.DE | BJLM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.78% | -3.87% | -2.91% |
Max Drawdown (1Y)Largest decline over 1 year | -1.60% | -3.33% | +1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -1.60% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -5.91% | — | — |
Current DrawdownCurrent decline from peak | -0.68% | -1.97% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -1.31% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 1.33% | -0.79% |
Volatility
EIB3.DE vs. BJLM.DE - Volatility Comparison
The current volatility for Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) is 1.50%, while BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation (BJLM.DE) has a volatility of 1.69%. This indicates that EIB3.DE experiences smaller price fluctuations and is considered to be less risky than BJLM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIB3.DE | BJLM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.69% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 4.12% | -1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.11% | 4.70% | -1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.11% | 4.84% | -2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.89% | 4.84% | -2.95% |
EIB3.DE vs. BJLM.DE - Expense Ratio Comparison
EIB3.DE has a 0.10% expense ratio, which is lower than BJLM.DE's 0.12% 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
EIB3.DE vs. BJLM.DE - Dividend Comparison
EIB3.DE's dividend yield for the trailing twelve months is around 2.41%, while BJLM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BJLM.DE BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 2.41% | 2.51% | 2.80% | 2.24% | 0.23% |
Frequently Asked Questions
EIB3.DE and BJLM.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIB3.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIB3.DE is cheaper with a 0.10% expense ratio, compared with 0.12% for BJLM.DE.
They also come from different issuers: Invesco and BNP Paribas. Their fees differ too: 0.10% for EIB3.DE and 0.12% for BJLM.DE.
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