IBGM.L vs. JG15.L
IBGM.L (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) and JG15.L (JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist)) are both European Government Bonds funds - IBGM.L tracks the Bloomberg Euro Agg Govt TR EUR while JG15.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 5 years, IBGM.L returned 39.50%/yr vs 0.78%/yr for JG15.L. A 0.58 correlation means they provide meaningful diversification when combined. IBGM.L charges 0.15%/yr vs 0.07%/yr for JG15.L.
Performance
IBGM.L vs. JG15.L - Performance Comparison
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Returns By Period
In the year-to-date period, IBGM.L achieves a -2.35% return, which is significantly lower than JG15.L's 0.04% return.
IBGM.L
- 1D
- 0.20%
- 1M
- -1.36%
- YTD
- -2.35%
- 6M
- -2.29%
- 1Y
- 0.51%
- 3Y*
- 1.73%
- 5Y*
- 39.50%
- 10Y*
- 31.18%
JG15.L
- 1D
- -0.16%
- 1M
- 0.64%
- YTD
- 0.04%
- 6M
- 0.25%
- 1Y
- 2.74%
- 3Y*
- 3.95%
- 5Y*
- 0.78%
- 10Y*
- —
IBGM.L vs. JG15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBGM.L iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | -2.35% | 5.38% | -3.53% | 465.78% | -3.14% | -9.55% | 20.87% | 117.65% | 3.98% |
JG15.L JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist) | 0.04% | 5.58% | 1.79% | 3.85% | -5.75% | -1.91% | 1.86% | 1.33% | 0.58% |
Correlation
The correlation between IBGM.L and JG15.L is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2018 | 0.58 |
The correlation between IBGM.L and JG15.L has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.
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Return for Risk
IBGM.L vs. JG15.L — Risk / Return Rank
IBGM.L
JG15.L
IBGM.L vs. JG15.L - 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) (IBGM.L) and JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist) (JG15.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.
| IBGM.L | JG15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.24 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.00 | 1.17 | -1.17 |
| Martin ratioReturn relative to average drawdown | 0.01 | 3.72 | -3.72 |
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
| IBGM.L | JG15.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.00 | 1.19 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.26 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.34 | -0.13 |
Drawdowns
IBGM.L vs. JG15.L - Drawdown Comparison
The maximum IBGM.L drawdown since its inception was -26.66%, which is greater than JG15.L's maximum drawdown of -11.35%. Use the drawdown chart below to compare losses from any high point for IBGM.L and JG15.L.
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Drawdown Indicators
| IBGM.L | JG15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.66% | -11.35% | -15.31% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -2.35% | -3.85% |
Max Drawdown (3Y)Largest decline over 3 years | -6.85% | -2.35% | -4.50% |
Max Drawdown (5Y)Largest decline over 5 years | -21.27% | -10.68% | -10.59% |
Max Drawdown (10Y)Largest decline over 10 years | -26.66% | — | — |
Current DrawdownCurrent decline from peak | -5.51% | -1.13% | -4.38% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -2.42% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 0.74% | +2.10% |
Volatility
IBGM.L vs. JG15.L - Volatility Comparison
iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBGM.L) has a higher volatility of 2.59% compared to JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist) (JG15.L) at 0.97%. This indicates that IBGM.L's price experiences larger fluctuations and is considered to be riskier than JG15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBGM.L | JG15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 0.97% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 4.94% | 2.07% | +2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.31% | 2.32% | +3.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 193.47% | 3.05% | +190.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 138.63% | 2.55% | +136.08% |
IBGM.L vs. JG15.L - Expense Ratio Comparison
IBGM.L has a 0.15% expense ratio, which is higher than JG15.L's 0.07% 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
IBGM.L vs. JG15.L - Dividend Comparison
IBGM.L has not paid dividends to shareholders, while JG15.L's dividend yield for the trailing twelve months is around 3.87%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBGM.L iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 0.00% | 1.33% | 2.78% | 79.03% | 13.18% | 0.00% | 8.74% | 63.75% | 0.74% | 0.74% | 0.77% | 1.07% |
JG15.L JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist) | 3.87% | 3.71% | 3.44% | 2.28% | 0.68% | 0.12% | 0.34% | 0.91% | 0.35% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBGM.L and JG15.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JG15.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JG15.L is cheaper with a 0.07% expense ratio, compared with 0.15% for IBGM.L.
IBGM.L tracks Bloomberg Euro Agg Govt TR EUR, while JG15.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.15% for IBGM.L and 0.07% for JG15.L.
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