J13E.L vs. EU13.L
J13E.L (JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc)) and EU13.L (SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF) are both European Government Bonds funds tracking the Bloomberg Euro Agg Govt 1-3 Yr TR EUR, from JPMorgan and State Street respectively. Both are passively managed. Over the past 5 years, J13E.L returned 0.77%/yr vs 0.73%/yr for EU13.L. Their correlation of 0.83 suggests significant overlap in exposure. J13E.L charges 0.10%/yr vs 0.15%/yr for EU13.L.
Performance
J13E.L vs. EU13.L - Performance Comparison
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Different Trading Currencies
J13E.L is traded in GBP, while EU13.L is traded in EUR. To make them comparable, the EU13.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, J13E.L achieves a -0.90% return, which is significantly lower than EU13.L's -0.70% return.
J13E.L
- 1D
- 0.20%
- 1M
- 0.55%
- YTD
- -0.90%
- 6M
- -0.76%
- 1Y
- 3.55%
- 3Y*
- 2.73%
- 5Y*
- 0.77%
- 10Y*
- —
EU13.L
- 1D
- 0.15%
- 1M
- 0.49%
- YTD
- -0.70%
- 6M
- -0.84%
- 1Y
- 3.50%
- 3Y*
- 2.74%
- 5Y*
- 0.73%
- 10Y*
- 1.15%
J13E.L vs. EU13.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
J13E.L JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) | -0.90% | 7.65% | -1.69% | 1.45% | 0.25% | -7.21% | 5.47% | -4.60% | 1.22% |
EU13.L SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | -0.70% | 7.69% | -1.68% | 1.21% | -0.04% | -6.69% | 5.47% | -5.54% | 1.45% |
Correlation
The correlation between J13E.L and EU13.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2018 | 0.83 |
The correlation between J13E.L and EU13.L has been stable across timeframes, ranging from 0.83 to 0.84 - a consistent structural relationship.
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Return for Risk
J13E.L vs. EU13.L — Risk / Return Rank
J13E.L
EU13.L
J13E.L vs. EU13.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) (J13E.L) and SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (EU13.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.
| J13E.L | EU13.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.15 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.33 | -0.05 |
| Martin ratioReturn relative to average drawdown | 2.88 | 2.86 | +0.02 |
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
| J13E.L | EU13.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.84 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.14 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.14 | -0.12 |
Drawdowns
J13E.L vs. EU13.L - Drawdown Comparison
The maximum J13E.L drawdown since its inception was -13.59%, roughly equal to the maximum EU13.L drawdown of -13.87%. Use the drawdown chart below to compare losses from any high point for J13E.L and EU13.L.
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Drawdown Indicators
| J13E.L | EU13.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.59% | -13.87% | +0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -2.62% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -3.14% | -3.13% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -6.48% | -6.61% | +0.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.87% | — |
Current DrawdownCurrent decline from peak | -4.67% | -4.97% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -7.27% | -7.19% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.22% | +0.01% |
Volatility
J13E.L vs. EU13.L - Volatility Comparison
JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) (J13E.L) has a higher volatility of 1.24% compared to SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (EU13.L) at 1.14%. This indicates that J13E.L's price experiences larger fluctuations and is considered to be riskier than EU13.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| J13E.L | EU13.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.14% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 2.87% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 4.14% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.31% | 5.31% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.28% | 7.11% | -0.83% |
J13E.L vs. EU13.L - Expense Ratio Comparison
J13E.L has a 0.10% expense ratio, which is lower than EU13.L's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
J13E.L vs. EU13.L - Dividend Comparison
J13E.L has not paid dividends to shareholders, while EU13.L's dividend yield for the trailing twelve months is around 2.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EU13.L SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 2.29% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.34% |
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% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
J13E.L and EU13.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 EU13.L.
Both ETFs track Bloomberg Euro Agg Govt 1-3 Yr TR EUR. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.10% for J13E.L and 0.15% for EU13.L.
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