JA13.DE vs. VGTY.DE

Last updated Jul 16, 2026

JA13.DE (JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF) and VGTY.DE (Vanguard USD Treasury Bond UCITS ETF Distributing) are both Government Bonds funds - JA13.DE tracks the J.P. Morgan Government Bond Index United States 1-3 Year Select Maturity while VGTY.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 5 years, JA13.DE returned 2.47%/yr vs -0.07%/yr for VGTY.DE. Their correlation of 0.82 suggests significant overlap in exposure. JA13.DE charges 0.07%/yr vs 0.05%/yr for VGTY.DE.

Performance

JA13.DE vs. VGTY.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF (JA13.DE) and Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JA13.DE achieves a 3.36% return, which is significantly higher than VGTY.DE's 2.65% return.

JA13.DE

• 1D: -0.25%
• 1M: 1.31%
• 6M: 2.39%
• YTD: 3.36%
• 1Y: 4.50%
• 3Y*: 3.52%
• 5Y*: 2.47%
• 10Y*: —

VGTY.DE

• 1D: 0.22%
• 1M: 1.19%
• 6M: 1.60%
• YTD: 2.65%
• 1Y: 5.09%
• 3Y*: 2.29%
• 5Y*: -0.07%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JA13.DE vs. VGTY.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JA13.DE JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF	3.36%	-6.52%	9.95%	0.52%	2.13%	7.66%	-5.96%	6.16%	-11.41%
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing	2.65%	-5.53%	6.49%	0.32%	-6.92%	5.85%	-1.94%	9.66%	4.04%

Correlation

The correlation between JA13.DE and VGTY.DE is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jun 6, 2018	0.82

The correlation between JA13.DE and VGTY.DE has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

Return for Risk

JA13.DE vs. VGTY.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JA13.DE

JA13.DE Risk / Return Rank: 31
JA13.DE Sharpe Ratio Rank: 31
JA13.DE Sortino Ratio Rank: 30
JA13.DE Omega Ratio Rank: 27
JA13.DE Calmar Ratio Rank: 35
JA13.DE Martin Ratio Rank: 30

VGTY.DE

VGTY.DE Risk / Return Rank: 30
VGTY.DE Sharpe Ratio Rank: 31
VGTY.DE Sortino Ratio Rank: 30
VGTY.DE Omega Ratio Rank: 29
VGTY.DE Calmar Ratio Rank: 30
VGTY.DE Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JA13.DE vs. VGTY.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF (JA13.DE) and Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE). 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.

	JA13.DE	VGTY.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.96	0.93	+0.02
Sortino ratio: Return per unit of downside risk	1.42	1.40	+0.02
Omega ratio: Gain probability vs. loss probability	1.17	1.17	-0.01
Calmar ratio: Return relative to maximum drawdown	1.48	1.27	+0.21
Martin ratio: Return relative to average drawdown	3.66	3.27	+0.39

JA13.DE vs. VGTY.DE - Sharpe Ratio Comparison

The current JA13.DE Sharpe Ratio is 0.96, which is comparable to the VGTY.DE Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of JA13.DE and VGTY.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JA13.DE vs. VGTY.DE - Drawdown Comparison

The maximum JA13.DE drawdown since its inception was -15.21%, smaller than the maximum VGTY.DE drawdown of -17.51%. Use the drawdown chart below to compare losses from any high point for JA13.DE and VGTY.DE.

Drawdown Indicators

	JA13.DE	VGTY.DE	Difference
Max Drawdown Largest peak-to-trough decline	-15.21%	-17.51%	+2.30%
Max Drawdown (1Y) Largest decline over 1 year	-3.53%	-3.98%	+0.45%
Max Drawdown (3Y) Largest decline over 3 years	-10.93%	-11.05%	+0.12%
Max Drawdown (5Y) Largest decline over 5 years	-12.52%	-12.99%	+0.47%
Current Drawdown Current decline from peak	-5.49%	-11.59%	+6.10%
Average Drawdown Average peak-to-trough decline	-7.18%	-9.07%	+1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	1.55%	-0.12%

Volatility

JA13.DE vs. VGTY.DE - Volatility Comparison

The current volatility for JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF (JA13.DE) is 1.43%, while Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) has a volatility of 1.56%. This indicates that JA13.DE experiences smaller price fluctuations and is considered to be less risky than VGTY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JA13.DE	VGTY.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.43%	1.56%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	3.90%	3.77%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	5.53%	5.45%	+0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.15%	7.98%	-0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.59%	7.65%	+0.94%

JA13.DE vs. VGTY.DE - Expense Ratio Comparison

JA13.DE has a 0.07% expense ratio, which is higher than VGTY.DE's 0.05% 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

JA13.DE vs. VGTY.DE - Dividend Comparison

JA13.DE has not paid dividends to shareholders, while VGTY.DE's dividend yield for the trailing twelve months is around 4.19%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JA13.DE JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.96%	0.00%
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing	4.19%	4.49%	3.94%	3.47%	2.14%	1.17%	1.67%	2.35%	2.28%	0.30%

Frequently Asked Questions

Can I hold both JA13.DE and VGTY.DE in my portfolio?

JA13.DE and VGTY.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JA13.DE or VGTY.DE?

On fees, VGTY.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JA13.DE or VGTY.DE?

VGTY.DE is cheaper with a 0.05% expense ratio, compared with 0.07% for JA13.DE.

What is the main difference between JA13.DE and VGTY.DE?

JA13.DE tracks J.P. Morgan Government Bond Index United States 1-3 Year Select Maturity, while VGTY.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.07% for JA13.DE and 0.05% for VGTY.DE.