IBCA.DE vs. BJLM.DE
IBCA.DE (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) and BJLM.DE (BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation) are both European Government Bonds funds. IBCA.DE is passively managed, while BJLM.DE is actively managed. Over the past year, IBCA.DE returned 0.96% vs -0.14% for BJLM.DE. A 0.73 correlation means they provide meaningful diversification when combined. IBCA.DE charges 0.15%/yr vs 0.12%/yr for BJLM.DE.
Performance
IBCA.DE vs. BJLM.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBCA.DE achieves a 0.16% return, which is significantly higher than BJLM.DE's 0.09% return.
IBCA.DE
- 1D
- 0.06%
- 1M
- 0.22%
- YTD
- 0.16%
- 6M
- 0.27%
- 1Y
- 0.96%
- 3Y*
- 2.71%
- 5Y*
- 0.81%
- 10Y*
- 0.36%
BJLM.DE
- 1D
- 0.07%
- 1M
- 0.52%
- YTD
- 0.09%
- 6M
- -0.00%
- 1Y
- -0.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBCA.DE vs. BJLM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBCA.DE iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 0.16% | 2.31% | 3.41% |
BJLM.DE BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation | 0.09% | 0.55% | 2.01% |
Correlation
The correlation between IBCA.DE and BJLM.DE is 0.68, 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 | 0.68 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2024 | 0.73 |
The correlation between IBCA.DE and BJLM.DE has been stable across timeframes, ranging from 0.68 to 0.73 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBCA.DE vs. BJLM.DE — Risk / Return Rank
IBCA.DE
BJLM.DE
IBCA.DE vs. BJLM.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 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.
| IBCA.DE | BJLM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.00 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | -0.04 | +0.88 |
| Martin ratioReturn relative to average drawdown | 2.70 | -0.10 | +2.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IBCA.DE | BJLM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | -0.03 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | — | — |
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 | 0.24 | +0.01 |
Drawdowns
IBCA.DE vs. BJLM.DE - Drawdown Comparison
The maximum IBCA.DE drawdown since its inception was -8.31%, 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 IBCA.DE and BJLM.DE.
Loading charts...
Drawdown Indicators
| IBCA.DE | BJLM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.31% | -3.87% | -4.44% |
Max Drawdown (1Y)Largest decline over 1 year | -1.14% | -3.33% | +2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -1.14% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -5.21% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -8.31% | — | — |
Current DrawdownCurrent decline from peak | -0.45% | -1.97% | +1.52% |
Average DrawdownAverage peak-to-trough decline | -1.03% | -1.31% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 1.33% | -0.97% |
Volatility
IBCA.DE vs. BJLM.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.DE) is 0.64%, while BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation (BJLM.DE) has a volatility of 1.69%. This indicates that IBCA.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.
Loading charts...
Volatility by Period
| IBCA.DE | BJLM.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% | 4.12% | -2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 4.70% | -3.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.55% | 4.84% | -3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.81% | 4.84% | -1.03% |
IBCA.DE vs. BJLM.DE - Expense Ratio Comparison
IBCA.DE has a 0.15% expense ratio, which is higher than BJLM.DE's 0.12% 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. BJLM.DE - Dividend Comparison
IBCA.DE's dividend yield for the trailing twelve months is around 2.18%, while BJLM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BJLM.DE BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation | 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 BJLM.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BJLM.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BJLM.DE is cheaper with a 0.12% expense ratio, compared with 0.15% for IBCA.DE.
They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.15% for IBCA.DE and 0.12% for BJLM.DE.
Find the right allocation for IBCA.DE and BJLM.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer