J13E.L vs. IBGS.L
J13E.L (JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc)) and IBGS.L (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) are both European Government Bonds funds tracking the Bloomberg Euro Agg Govt 1-3 Yr TR EUR, from JPMorgan and iShares respectively. Both are passively managed. Over the past 5 years, J13E.L returned 0.77%/yr vs 0.96%/yr for IBGS.L. With a 0.99 correlation, they move nearly in lockstep. J13E.L charges 0.10%/yr vs 0.15%/yr for IBGS.L.
Performance
J13E.L vs. IBGS.L - Performance Comparison
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Returns By Period
In the year-to-date period, J13E.L achieves a -0.90% return, which is significantly lower than IBGS.L's -0.83% 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*
- —
IBGS.L
- 1D
- 0.19%
- 1M
- 0.52%
- YTD
- -0.83%
- 6M
- -0.66%
- 1Y
- 3.70%
- 3Y*
- 2.81%
- 5Y*
- 0.96%
- 10Y*
- 1.34%
J13E.L vs. IBGS.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% |
IBGS.L iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | -0.83% | 7.76% | -1.67% | 1.50% | 1.00% | -7.25% | 5.39% | -4.81% | 1.04% |
Correlation
The correlation between J13E.L and IBGS.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 | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2018 | 0.99 |
The correlation between J13E.L and IBGS.L has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
J13E.L vs. IBGS.L — Risk / Return Rank
J13E.L
IBGS.L
J13E.L vs. IBGS.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 iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.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 | IBGS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.15 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.42 | -0.14 |
| Martin ratioReturn relative to average drawdown | 2.88 | 3.16 | -0.28 |
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 | IBGS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.89 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.18 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.25 | -0.23 |
Drawdowns
J13E.L vs. IBGS.L - Drawdown Comparison
The maximum J13E.L drawdown since its inception was -13.59%, smaller than the maximum IBGS.L drawdown of -16.59%. Use the drawdown chart below to compare losses from any high point for J13E.L and IBGS.L.
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Drawdown Indicators
| J13E.L | IBGS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.59% | -16.59% | +3.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -2.60% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -3.14% | -3.06% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -6.48% | -5.95% | -0.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.11% | — |
Current DrawdownCurrent decline from peak | -4.67% | -3.77% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -7.27% | -5.92% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.17% | +0.06% |
Volatility
J13E.L vs. IBGS.L - Volatility Comparison
JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) (J13E.L) and iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) have volatilities of 1.24% and 1.20%, 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
| J13E.L | IBGS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.20% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 2.80% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 4.15% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.31% | 5.34% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.28% | 7.09% | -0.81% |
J13E.L vs. IBGS.L - Expense Ratio Comparison
J13E.L has a 0.10% expense ratio, which is lower than IBGS.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. IBGS.L - Dividend Comparison
J13E.L has not paid dividends to shareholders, while IBGS.L's dividend yield for the trailing twelve months is around 2.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBGS.L iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 2.17% | 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% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, J13E.L and IBGS.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: JPMorgan and iShares. Their fees differ too: 0.10% for J13E.L and 0.15% for IBGS.L.
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