ESEH.DE vs. JBEM.DE
ESEH.DE (BNP Paribas Easy S&P 500 UCITS ETF EUR H) and JBEM.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF) are both exchange-traded funds - ESEH.DE is a S&P 500 fund tracking the S&P 500 Composite (EUR Hedged) Net Return Index, while JBEM.DE is a European Government Bonds fund tracking the J.P. Morgan ESG EMU Government Bond IG Index. Both are passively managed. Over the past 5 years, ESEH.DE returned 10.34%/yr vs -2.70%/yr for JBEM.DE. At a 0.05 correlation, their price movements are largely independent. ESEH.DE charges 0.14%/yr vs 0.15%/yr for JBEM.DE.
Performance
ESEH.DE vs. JBEM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESEH.DE achieves a 8.70% return, which is significantly higher than JBEM.DE's -0.11% return.
ESEH.DE
- 1D
- 0.16%
- 1M
- 0.03%
- 6M
- 8.65%
- YTD
- 8.70%
- 1Y
- 18.72%
- 3Y*
- 17.27%
- 5Y*
- 10.34%
- 10Y*
- 12.49%
JBEM.DE
- 1D
- 0.00%
- 1M
- -0.73%
- 6M
- -0.73%
- YTD
- -0.11%
- 1Y
- 0.42%
- 3Y*
- 2.17%
- 5Y*
- -2.70%
- 10Y*
- —
ESEH.DE vs. JBEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ESEH.DE BNP Paribas Easy S&P 500 UCITS ETF EUR H | 8.70% | 14.79% | 22.63% | 23.30% | -21.43% | 28.68% | 16.53% | 19.28% |
JBEM.DE BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF | -0.11% | 0.42% | 1.18% | 6.64% | -18.24% | -3.43% | 4.73% | 6.12% |
Correlation
The correlation between ESEH.DE and JBEM.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2019 | 0.05 |
Over the past year, ESEH.DE and JBEM.DE have become more correlated (0.39) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
ESEH.DE vs. JBEM.DE — Risk / Return Rank
ESEH.DE
JBEM.DE
ESEH.DE vs. JBEM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy S&P 500 UCITS ETF EUR H (ESEH.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.
| ESEH.DE | JBEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.54 | ||
| Sortino ratioReturn per unit of downside risk | +2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.02 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 0.13 | +2.15 |
| Martin ratioReturn relative to average drawdown | 9.06 | 0.31 | +8.76 |
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Drawdowns
ESEH.DE vs. JBEM.DE - Drawdown Comparison
The maximum ESEH.DE drawdown since its inception was -94.54%, which is greater than JBEM.DE's maximum drawdown of -22.48%. Use the drawdown chart below to compare losses from any high point for ESEH.DE and JBEM.DE.
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Drawdown Indicators
| ESEH.DE | JBEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.54% | -22.48% | -72.06% |
Max Drawdown (1Y)Largest decline over 1 year | -8.66% | -3.21% | -5.45% |
Max Drawdown (3Y)Largest decline over 3 years | -18.51% | -3.95% | -14.56% |
Max Drawdown (5Y)Largest decline over 5 years | -25.90% | -21.49% | -4.41% |
Max Drawdown (10Y)Largest decline over 10 years | -94.54% | — | — |
Current DrawdownCurrent decline from peak | -82.43% | -14.93% | -67.50% |
Average DrawdownAverage peak-to-trough decline | -68.20% | -10.62% | -57.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 1.38% | +0.80% |
Volatility
ESEH.DE vs. JBEM.DE - Volatility Comparison
BNP Paribas Easy S&P 500 UCITS ETF EUR H (ESEH.DE) has a higher volatility of 2.73% compared to BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF (JBEM.DE) at 1.07%. This indicates that ESEH.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
| ESEH.DE | JBEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 1.07% | +1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.17% | 3.53% | +5.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.09% | 4.22% | +7.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.02% | 6.18% | +9.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 410.50% | 5.71% | +404.79% |
ESEH.DE vs. JBEM.DE - Expense Ratio Comparison
ESEH.DE has a 0.14% expense ratio, which is lower than JBEM.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
ESEH.DE vs. JBEM.DE - Dividend Comparison
Neither ESEH.DE nor JBEM.DE has paid dividends to shareholders.
Frequently Asked Questions
ESEH.DE and JBEM.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESEH.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESEH.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for JBEM.DE.
ESEH.DE is categorized as S&P 500, while JBEM.DE is European Government Bonds. ESEH.DE tracks S&P 500 Composite (EUR Hedged) Net Return Index, while JBEM.DE tracks J.P. Morgan ESG EMU Government Bond IG Index. Their fees differ too: 0.14% for ESEH.DE and 0.15% for JBEM.DE.
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