JBEM.DE vs. AHYE.DE
JBEM.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF) and AHYE.DE (Amundi Euro High Yield Bond ESG UCITS ETF EUR) are both exchange-traded funds - JBEM.DE is a European Government Bonds fund tracking the J.P. Morgan ESG EMU Government Bond IG Index, while AHYE.DE is a European High Yield Bonds fund tracking the iBoxx MSCI ESG EUR High Yield Corporates. Both are passively managed. Over the past 5 years, JBEM.DE returned -2.70%/yr vs 1.92%/yr for AHYE.DE. At a 0.22 correlation, their price movements are largely independent. JBEM.DE charges 0.15%/yr vs 0.40%/yr for AHYE.DE.
Performance
JBEM.DE vs. AHYE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JBEM.DE achieves a -0.11% return, which is significantly lower than AHYE.DE's 0.96% return.
JBEM.DE
- 1D
- 0.00%
- 1M
- -0.73%
- 6M
- -0.73%
- YTD
- -0.11%
- 1Y
- 0.42%
- 3Y*
- 2.17%
- 5Y*
- -2.70%
- 10Y*
- —
AHYE.DE
- 1D
- 0.13%
- 1M
- 0.05%
- 6M
- 0.76%
- YTD
- 0.96%
- 1Y
- 3.19%
- 3Y*
- 6.12%
- 5Y*
- 1.92%
- 10Y*
- 2.80%
JBEM.DE vs. AHYE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JBEM.DE BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF | -0.11% | 0.42% | 1.18% | 6.64% | -18.24% | -3.43% | 4.73% | 6.12% |
AHYE.DE Amundi Euro High Yield Bond ESG UCITS ETF EUR | 0.96% | 5.51% | 5.40% | 10.19% | -10.53% | 0.94% | 1.40% | 7.28% |
Correlation
The correlation between JBEM.DE and AHYE.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2019 | 0.22 |
Over the past year, JBEM.DE and AHYE.DE have become more correlated (0.51) than their long-term average of 0.22, meaning their price movements have been converging.
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Return for Risk
JBEM.DE vs. AHYE.DE — Risk / Return Rank
JBEM.DE
AHYE.DE
JBEM.DE vs. AHYE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF (JBEM.DE) and Amundi Euro High Yield Bond ESG UCITS ETF EUR (AHYE.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.
| JBEM.DE | AHYE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.20 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 0.99 | -0.86 |
| Martin ratioReturn relative to average drawdown | 0.31 | 4.00 | -3.69 |
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Drawdowns
JBEM.DE vs. AHYE.DE - Drawdown Comparison
The maximum JBEM.DE drawdown since its inception was -22.48%, roughly equal to the maximum AHYE.DE drawdown of -23.41%. Use the drawdown chart below to compare losses from any high point for JBEM.DE and AHYE.DE.
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Drawdown Indicators
| JBEM.DE | AHYE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -23.41% | +0.93% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -3.22% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -3.95% | -3.22% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -21.49% | -16.72% | -4.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.41% | — |
Current DrawdownCurrent decline from peak | -14.93% | -0.44% | -14.49% |
Average DrawdownAverage peak-to-trough decline | -10.62% | -2.69% | -7.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 0.80% | +0.58% |
Volatility
JBEM.DE vs. AHYE.DE - Volatility Comparison
BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF (JBEM.DE) has a higher volatility of 1.07% compared to Amundi Euro High Yield Bond ESG UCITS ETF EUR (AHYE.DE) at 0.55%. This indicates that JBEM.DE's price experiences larger fluctuations and is considered to be riskier than AHYE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JBEM.DE | AHYE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.55% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 3.53% | 2.80% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 3.16% | +1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 5.57% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.71% | 6.64% | -0.93% |
JBEM.DE vs. AHYE.DE - Expense Ratio Comparison
JBEM.DE has a 0.15% expense ratio, which is lower than AHYE.DE's 0.40% expense ratio.
Dividends
JBEM.DE vs. AHYE.DE - Dividend Comparison
Neither JBEM.DE nor AHYE.DE has paid dividends to shareholders.
Frequently Asked Questions
JBEM.DE and AHYE.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JBEM.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JBEM.DE is cheaper with a 0.15% expense ratio, compared with 0.40% for AHYE.DE.
JBEM.DE is categorized as European Government Bonds, while AHYE.DE is European High Yield Bonds. JBEM.DE tracks J.P. Morgan ESG EMU Government Bond IG Index, while AHYE.DE tracks iBoxx MSCI ESG EUR High Yield Corporates. They also come from different issuers: BNP Paribas Easy and Amundi. Their fees differ too: 0.15% for JBEM.DE and 0.40% for AHYE.DE.
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