EU13.L vs. J13E.L
EU13.L (SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF) and J13E.L (JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc)) are both European Government Bonds funds tracking the Bloomberg Euro Agg Govt 1-3 Yr TR EUR, from State Street and JPMorgan respectively. Both are passively managed. Over the past 5 years, EU13.L returned 0.58%/yr vs 0.64%/yr for J13E.L. At a 0.37 correlation, their price movements are largely independent. EU13.L charges 0.15%/yr vs 0.10%/yr for J13E.L.
Performance
EU13.L vs. J13E.L - Performance Comparison
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Different Trading Currencies
EU13.L is traded in EUR, while J13E.L is traded in GBP. To make them comparable, the J13E.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EU13.L achieves a 0.03% return, which is significantly higher than J13E.L's -0.01% return.
EU13.L
- 1D
- 0.03%
- 1M
- 0.27%
- YTD
- 0.03%
- 6M
- 0.13%
- 1Y
- 0.77%
- 3Y*
- 2.59%
- 5Y*
- 0.58%
- 10Y*
- 0.18%
J13E.L
- 1D
- 0.11%
- 1M
- 0.36%
- YTD
- -0.01%
- 6M
- 0.24%
- 1Y
- 0.84%
- 3Y*
- 2.58%
- 5Y*
- 0.64%
- 10Y*
- —
EU13.L vs. J13E.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EU13.L SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 0.03% | 2.22% | 3.00% | 3.27% | -4.95% | -0.81% | -0.17% | 0.14% | -0.10% |
J13E.L JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) | -0.01% | 2.03% | 3.06% | 3.60% | -4.92% | -1.17% | -0.26% | 1.47% | -0.58% |
Correlation
The correlation between EU13.L and J13E.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2018 | 0.37 |
The correlation between EU13.L and J13E.L shifts across timeframes, from 0.37 (all time) to 0.48 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EU13.L vs. J13E.L — Risk / Return Rank
EU13.L
J13E.L
EU13.L vs. J13E.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (EU13.L) and JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) (J13E.L). 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.
| EU13.L | J13E.L | 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 | 1.13 | 1.06 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 0.57 | +0.06 |
| Martin ratioReturn relative to average drawdown | 1.93 | 1.66 | +0.27 |
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
| EU13.L | J13E.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.34 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.18 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.09 | +0.10 |
Drawdowns
EU13.L vs. J13E.L - Drawdown Comparison
The maximum EU13.L drawdown since its inception was -7.12%, smaller than the maximum J13E.L drawdown of -7.59%. Use the drawdown chart below to compare losses from any high point for EU13.L and J13E.L.
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Drawdown Indicators
| EU13.L | J13E.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.12% | -7.59% | +0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -1.23% | -1.47% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -1.23% | -1.47% | +0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -5.99% | -6.37% | +0.38% |
Max Drawdown (10Y)Largest decline over 10 years | -7.12% | — | — |
Current DrawdownCurrent decline from peak | -0.56% | -0.66% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -2.20% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.50% | -0.10% |
Volatility
EU13.L vs. J13E.L - Volatility Comparison
The current volatility for SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (EU13.L) is 0.47%, while JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) (J13E.L) has a volatility of 0.97%. This indicates that EU13.L experiences smaller price fluctuations and is considered to be less risky than J13E.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EU13.L | J13E.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 0.97% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 1.10% | 1.93% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.23% | 2.46% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.65% | 3.45% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.30% | 3.93% | -2.63% |
EU13.L vs. J13E.L - Expense Ratio Comparison
EU13.L has a 0.15% expense ratio, which is higher than J13E.L's 0.10% 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
EU13.L vs. J13E.L - Dividend Comparison
EU13.L's dividend yield for the trailing twelve months is around 2.29%, while J13E.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EU13.L SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 2.29% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.34% |
J13E.L JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EU13.L and J13E.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, J13E.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
J13E.L is cheaper with a 0.10% expense ratio, compared with 0.15% for EU13.L.
Both ETFs track Bloomberg Euro Agg Govt 1-3 Yr TR EUR. They also come from different issuers: State Street and JPMorgan. Their fees differ too: 0.15% for EU13.L and 0.10% for J13E.L.
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