EL4P.DE vs. JBEM.DE
EL4P.DE (Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF) and JBEM.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF) are both European Government Bonds funds - EL4P.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 7-10 while JBEM.DE tracks the J.P. Morgan ESG EMU Government Bond IG Index. Both are passively managed. Over the past 5 years, EL4P.DE returned -2.03%/yr vs -2.11%/yr for JBEM.DE. With a 0.95 correlation, they move nearly in lockstep. Both charge a 0.15% expense ratio.
Performance
EL4P.DE vs. JBEM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4P.DE achieves a 1.47% return, which is significantly higher than JBEM.DE's 1.27% return.
EL4P.DE
- 1D
- 0.05%
- 1M
- 0.99%
- YTD
- 1.47%
- 6M
- 1.68%
- 1Y
- 1.84%
- 3Y*
- 2.88%
- 5Y*
- -2.03%
- 10Y*
- -0.06%
JBEM.DE
- 1D
- 0.10%
- 1M
- 0.84%
- YTD
- 1.27%
- 6M
- 1.37%
- 1Y
- 1.05%
- 3Y*
- 2.25%
- 5Y*
- -2.11%
- 10Y*
- —
EL4P.DE vs. JBEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 1.47% | 1.64% | 1.06% | 8.67% | -20.09% | -3.04% | 4.33% | 5.91% |
JBEM.DE BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF | 1.27% | 0.42% | 1.18% | 6.64% | -18.24% | -3.43% | 4.73% | 6.12% |
Correlation
The correlation between EL4P.DE and JBEM.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 (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2019 | 0.95 |
The correlation between EL4P.DE and JBEM.DE has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
EL4P.DE vs. JBEM.DE — Risk / Return Rank
EL4P.DE
JBEM.DE
EL4P.DE vs. JBEM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.DE) and BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF (JBEM.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.
| EL4P.DE | JBEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.05 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 0.33 | +0.12 |
| Martin ratioReturn relative to average drawdown | 1.16 | 0.79 | +0.37 |
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Drawdowns
EL4P.DE vs. JBEM.DE - Drawdown Comparison
The maximum EL4P.DE drawdown since its inception was -23.49%, roughly equal to the maximum JBEM.DE drawdown of -22.48%. Use the drawdown chart below to compare losses from any high point for EL4P.DE and JBEM.DE.
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Drawdown Indicators
| EL4P.DE | JBEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.49% | -22.48% | -1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -4.09% | -3.21% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | -3.95% | -0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | -21.49% | -1.64% |
Max Drawdown (10Y)Largest decline over 10 years | -23.49% | — | — |
Current DrawdownCurrent decline from peak | -12.62% | -13.76% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -10.59% | +5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 1.33% | +0.25% |
Volatility
EL4P.DE vs. JBEM.DE - Volatility Comparison
Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.DE) has a higher volatility of 1.28% compared to BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF (JBEM.DE) at 1.10%. This indicates that EL4P.DE's price experiences larger fluctuations and is considered to be riskier than JBEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4P.DE | JBEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 1.10% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.13% | 3.51% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.93% | 4.18% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.49% | 6.18% | +1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 5.72% | +0.34% |
EL4P.DE vs. JBEM.DE - Expense Ratio Comparison
Both EL4P.DE and JBEM.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EL4P.DE vs. JBEM.DE - Dividend Comparison
EL4P.DE's dividend yield for the trailing twelve months is around 3.59%, while JBEM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 3.59% | 2.66% | 1.83% | 1.37% | 0.39% | 0.62% | 0.83% | 1.08% | 0.64% | 1.41% | 1.80% | 2.32% |
JBEM.DE BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, EL4P.DE and JBEM.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.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EL4P.DE and JBEM.DE have the same expense ratio: 0.15% per year.
EL4P.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 7-10, while JBEM.DE tracks J.P. Morgan ESG EMU Government Bond IG Index. They also come from different issuers: Deka and BNP Paribas Easy.
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