J13E.L vs. XGLE.L
J13E.L (JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc)) and XGLE.L (Xtrackers Eurozone Government Bond UCITS ETF 1C) are both European Government Bonds funds - J13E.L tracks the Bloomberg Euro Agg Govt 1-3 Yr TR EUR while XGLE.L tracks the Bloomberg Euro Agg Govt TR EUR. Both are passively managed. Over the past 5 years, J13E.L returned 0.77%/yr vs -2.15%/yr for XGLE.L. A 0.68 correlation means they provide meaningful diversification when combined. J13E.L charges 0.10%/yr vs 0.15%/yr for XGLE.L.
Performance
J13E.L vs. XGLE.L - Performance Comparison
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Different Trading Currencies
J13E.L is traded in GBP, while XGLE.L is traded in EUR. To make them comparable, the XGLE.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 XGLE.L's -0.67% 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*
- —
XGLE.L
- 1D
- 0.19%
- 1M
- 0.83%
- YTD
- -0.67%
- 6M
- -0.96%
- 1Y
- 2.65%
- 3Y*
- 2.50%
- 5Y*
- -2.15%
- 10Y*
- 0.62%
J13E.L vs. XGLE.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% |
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | -0.68% | 5.95% | -2.94% | 4.66% | -14.01% | -9.34% | 10.68% | 0.57% | 3.08% |
Correlation
The correlation between J13E.L and XGLE.L is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2018 | 0.68 |
The correlation between J13E.L and XGLE.L has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.
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Return for Risk
J13E.L vs. XGLE.L — Risk / Return Rank
J13E.L
XGLE.L
J13E.L vs. XGLE.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 Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.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 | XGLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.08 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 0.58 | +0.70 |
| Martin ratioReturn relative to average drawdown | 2.88 | 1.30 | +1.58 |
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 | XGLE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.47 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | -0.29 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.24 | -0.22 |
Drawdowns
J13E.L vs. XGLE.L - Drawdown Comparison
The maximum J13E.L drawdown since its inception was -13.59%, smaller than the maximum XGLE.L drawdown of -26.78%. Use the drawdown chart below to compare losses from any high point for J13E.L and XGLE.L.
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Drawdown Indicators
| J13E.L | XGLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.59% | -26.78% | +13.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -4.53% | +1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -3.14% | -6.20% | +3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -6.48% | -20.99% | +14.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.78% | — |
Current DrawdownCurrent decline from peak | -4.67% | -18.89% | +14.22% |
Average DrawdownAverage peak-to-trough decline | -7.27% | -10.13% | +2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 2.04% | -0.81% |
Volatility
J13E.L vs. XGLE.L - Volatility Comparison
The current volatility for JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) (J13E.L) is 1.24%, while Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) has a volatility of 2.02%. This indicates that J13E.L experiences smaller price fluctuations and is considered to be less risky than XGLE.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 | XGLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 2.02% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 4.33% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 5.58% | -1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.31% | 7.50% | -2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.28% | 8.54% | -2.26% |
J13E.L vs. XGLE.L - Expense Ratio Comparison
J13E.L has a 0.10% expense ratio, which is lower than XGLE.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. XGLE.L - Dividend Comparison
Neither J13E.L nor XGLE.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
J13E.L and XGLE.L have a correlation of 0.67, 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 XGLE.L.
J13E.L tracks Bloomberg Euro Agg Govt 1-3 Yr TR EUR, while XGLE.L tracks Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: JPMorgan and DWS. Their fees differ too: 0.10% for J13E.L and 0.15% for XGLE.L.
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