IBCM.DE vs. BBEG.DE
IBCM.DE (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) and BBEG.DE (JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc)) are both European Government Bonds funds - IBCM.DE tracks the Bloomberg Euro Government Bond 10 while BBEG.DE tracks the JP Morgan EMU Government Bond. Both are passively managed. Over the past 5 years, IBCM.DE returned -2.34%/yr vs -2.32%/yr for BBEG.DE. With a 0.97 correlation, they move nearly in lockstep. IBCM.DE charges 0.15%/yr vs 0.10%/yr for BBEG.DE.
Performance
IBCM.DE vs. BBEG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCM.DE achieves a 0.27% return, which is significantly higher than BBEG.DE's 0.14% return.
IBCM.DE
- 1D
- 0.06%
- 1M
- 0.50%
- YTD
- 0.27%
- 6M
- -0.09%
- 1Y
- 0.13%
- 3Y*
- 2.61%
- 5Y*
- -2.34%
- 10Y*
- -0.17%
BBEG.DE
- 1D
- 0.09%
- 1M
- 0.58%
- YTD
- 0.14%
- 6M
- 0.03%
- 1Y
- -0.09%
- 3Y*
- 2.32%
- 5Y*
- -2.32%
- 10Y*
- —
IBCM.DE vs. BBEG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 0.27% | 1.53% | 0.84% | 8.74% | -19.91% | -3.09% | 4.08% | 3.44% |
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 IBCM.DE and BBEG.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since May 7, 2019 | 0.97 |
The correlation between IBCM.DE and BBEG.DE has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.
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Return for Risk
IBCM.DE vs. BBEG.DE — Risk / Return Rank
IBCM.DE
BBEG.DE
IBCM.DE vs. BBEG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.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.
| IBCM.DE | BBEG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.00 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | -0.03 | +0.06 |
| Martin ratioReturn relative to average drawdown | 0.08 | -0.06 | +0.15 |
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
| IBCM.DE | BBEG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.03 | -0.02 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.36 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | -0.14 | +0.73 |
Drawdowns
IBCM.DE vs. BBEG.DE - Drawdown Comparison
The maximum IBCM.DE drawdown since its inception was -23.25%, roughly equal to the maximum BBEG.DE drawdown of -22.76%. Use the drawdown chart below to compare losses from any high point for IBCM.DE and BBEG.DE.
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Drawdown Indicators
| IBCM.DE | BBEG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.25% | -22.76% | -0.49% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -3.44% | -0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | -4.11% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -22.90% | -21.83% | -1.07% |
Max Drawdown (10Y)Largest decline over 10 years | -23.25% | — | — |
Current DrawdownCurrent decline from peak | -13.71% | -14.39% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -10.84% | +5.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 1.38% | +0.15% |
Volatility
IBCM.DE vs. BBEG.DE - Volatility Comparison
iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.DE) has a higher volatility of 1.94% compared to JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) (BBEG.DE) at 1.69%. This indicates that IBCM.DE's price experiences larger fluctuations and is considered to be riskier 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
| IBCM.DE | BBEG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 1.69% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 3.56% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.00% | 4.30% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 6.43% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.03% | 5.98% | +0.05% |
IBCM.DE vs. BBEG.DE - Expense Ratio Comparison
IBCM.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
IBCM.DE vs. BBEG.DE - Dividend Comparison
IBCM.DE's dividend yield for the trailing twelve months is around 2.92%, 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% |
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 2.92% | 2.82% | 2.73% | 1.97% | 0.13% | 0.00% | 0.09% | 0.63% | 0.75% | 0.76% | 0.80% | 1.09% |
Frequently Asked Questions
With a correlation of 0.94, IBCM.DE and BBEG.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.
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 IBCM.DE.
IBCM.DE tracks Bloomberg Euro Government Bond 10, 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 IBCM.DE and 0.10% for BBEG.DE.
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