IBGS.L vs. J13E.L
IBGS.L (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) 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 iShares and JPMorgan respectively. Both are passively managed. Over the past 5 years, IBGS.L returned 0.97%/yr vs 0.79%/yr for J13E.L. Their correlation of 0.94 suggests significant overlap in exposure. IBGS.L charges 0.15%/yr vs 0.10%/yr for J13E.L.
Performance
IBGS.L vs. J13E.L - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with IBGS.L at -0.90% and J13E.L at -0.90%.
IBGS.L
- 1D
- -0.07%
- 1M
- -0.03%
- YTD
- -0.90%
- 6M
- -0.70%
- 1Y
- 2.21%
- 3Y*
- 3.02%
- 5Y*
- 0.97%
- 10Y*
- 0.74%
J13E.L
- 1D
- -0.03%
- 1M
- 0.01%
- YTD
- -0.90%
- 6M
- -0.70%
- 1Y
- 2.13%
- 3Y*
- 3.07%
- 5Y*
- 0.79%
- 10Y*
- —
IBGS.L vs. J13E.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBGS.L iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | -0.90% | 7.76% | -1.67% | 1.49% | 1.00% | -7.24% | 5.38% | -4.81% | 0.47% |
J13E.L JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) | -0.90% | 7.64% | -1.68% | 1.45% | 0.25% | -7.21% | 5.47% | -4.71% | -10.50% |
Correlation
The correlation between IBGS.L and J13E.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | 0.94 |
The correlation between IBGS.L and J13E.L has been stable across timeframes, ranging from 0.94 to 0.99 - a consistent structural relationship.
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Return for Risk
IBGS.L vs. J13E.L — Risk / Return Rank
IBGS.L
J13E.L
IBGS.L vs. J13E.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBGS.L | J13E.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.09 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 0.77 | +0.08 |
| Martin ratioReturn relative to average drawdown | 1.76 | 1.61 | +0.15 |
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Drawdowns
IBGS.L vs. J13E.L - Drawdown Comparison
The maximum IBGS.L drawdown since its inception was -99.26%, which is greater than J13E.L's maximum drawdown of -19.21%. Use the drawdown chart below to compare losses from any high point for IBGS.L and J13E.L.
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Drawdown Indicators
| IBGS.L | J13E.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.26% | -19.21% | -80.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.59% | -2.76% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -3.05% | -3.13% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -5.95% | -14.41% | +8.46% |
Max Drawdown (10Y)Largest decline over 10 years | -13.11% | — | — |
Current DrawdownCurrent decline from peak | -98.93% | -11.12% | -87.81% |
Average DrawdownAverage peak-to-trough decline | -94.44% | -13.56% | -80.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.32% | -0.07% |
Volatility
IBGS.L vs. J13E.L - Volatility Comparison
iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) and JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) (J13E.L) have volatilities of 0.84% and 0.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBGS.L | J13E.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 0.84% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 2.82% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 4.12% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.33% | 11.43% | -6.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.78% | 10.69% | -3.91% |
IBGS.L vs. J13E.L - Expense Ratio Comparison
IBGS.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
IBGS.L vs. J13E.L - Dividend Comparison
IBGS.L's dividend yield for the trailing twelve months is around 2.18%, while J13E.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBGS.L iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 2.18% | 2.39% | 2.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.28% |
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, IBGS.L and J13E.L 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, 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 IBGS.L.
Both ETFs track Bloomberg Euro Agg Govt 1-3 Yr TR EUR. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.15% for IBGS.L and 0.10% for J13E.L.
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