IBCA.DE vs. BBEG.DE
IBCA.DE (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) and BBEG.DE (JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc)) are both European Government Bonds funds - IBCA.DE tracks the Bloomberg Euro Government Bond 1-3 while BBEG.DE tracks the JP Morgan EMU Government Bond. Both are passively managed. Over the past 5 years, IBCA.DE returned 0.81%/yr vs -2.32%/yr for BBEG.DE. A 0.76 correlation means they provide meaningful diversification when combined. IBCA.DE charges 0.15%/yr vs 0.10%/yr for BBEG.DE.
Performance
IBCA.DE vs. BBEG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCA.DE achieves a 0.16% return, which is significantly higher than BBEG.DE's 0.14% return.
IBCA.DE
- 1D
- 0.06%
- 1M
- 0.09%
- YTD
- 0.16%
- 6M
- 0.30%
- 1Y
- 1.12%
- 3Y*
- 2.71%
- 5Y*
- 0.81%
- 10Y*
- 0.36%
BBEG.DE
- 1D
- 0.09%
- 1M
- -0.04%
- YTD
- 0.14%
- 6M
- 0.14%
- 1Y
- 0.29%
- 3Y*
- 2.32%
- 5Y*
- -2.32%
- 10Y*
- —
IBCA.DE vs. BBEG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBCA.DE iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 0.16% | 2.31% | 3.05% | 3.50% | -4.26% | -0.84% | -0.15% | 0.03% |
BBEG.DE JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) | 0.14% | 0.60% | 1.39% | 6.92% | -18.49% | -3.37% | 4.88% | 4.27% |
Correlation
The correlation between IBCA.DE and BBEG.DE is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since May 7, 2019 | 0.76 |
The correlation between IBCA.DE and BBEG.DE has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.
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Return for Risk
IBCA.DE vs. BBEG.DE — Risk / Return Rank
IBCA.DE
BBEG.DE
IBCA.DE vs. BBEG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.DE) and JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) (BBEG.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.
| IBCA.DE | BBEG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.00 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | -0.03 | +0.87 |
| Martin ratioReturn relative to average drawdown | 2.70 | -0.06 | +2.76 |
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
| IBCA.DE | BBEG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | -0.02 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | -0.36 | +0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | -0.14 | +0.39 |
Drawdowns
IBCA.DE vs. BBEG.DE - Drawdown Comparison
The maximum IBCA.DE drawdown since its inception was -8.31%, smaller than the maximum BBEG.DE drawdown of -22.76%. Use the drawdown chart below to compare losses from any high point for IBCA.DE and BBEG.DE.
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Drawdown Indicators
| IBCA.DE | BBEG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.31% | -22.76% | +14.45% |
Max Drawdown (1Y)Largest decline over 1 year | -1.14% | -3.44% | +2.30% |
Max Drawdown (3Y)Largest decline over 3 years | -1.14% | -4.11% | +2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -5.21% | -21.83% | +16.62% |
Max Drawdown (10Y)Largest decline over 10 years | -8.31% | — | — |
Current DrawdownCurrent decline from peak | -0.45% | -14.39% | +13.94% |
Average DrawdownAverage peak-to-trough decline | -1.03% | -10.84% | +9.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 1.38% | -1.02% |
Volatility
IBCA.DE vs. BBEG.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.DE) is 0.64%, while JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) (BBEG.DE) has a volatility of 1.69%. This indicates that IBCA.DE experiences smaller price fluctuations and is considered to be less risky than BBEG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCA.DE | BBEG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 1.69% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.27% | 3.56% | -2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 4.30% | -2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.55% | 6.43% | -4.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.81% | 5.98% | -2.17% |
IBCA.DE vs. BBEG.DE - Expense Ratio Comparison
IBCA.DE has a 0.15% expense ratio, which is higher than BBEG.DE'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
IBCA.DE vs. BBEG.DE - Dividend Comparison
IBCA.DE's dividend yield for the trailing twelve months is around 2.18%, while BBEG.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBEG.DE JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBCA.DE iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 2.18% | 2.45% | 2.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.29% |
Frequently Asked Questions
IBCA.DE and BBEG.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BBEG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBEG.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for IBCA.DE.
IBCA.DE tracks Bloomberg Euro Government Bond 1-3, while BBEG.DE tracks JP Morgan EMU Government Bond. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.15% for IBCA.DE and 0.10% for BBEG.DE.
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