JBEM.DE vs. EAH.DE
JBEM.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF) and EAH.DE (Amundi Euro Government Green Bond UCITS ETF Acc) are both European Government Bonds funds - JBEM.DE tracks the J.P. Morgan ESG EMU Government Bond IG Index while EAH.DE tracks the Solactive Euro Government Green Bond. Both are passively managed. Over the past 5 years, JBEM.DE returned -2.11%/yr vs -5.48%/yr for EAH.DE. With a 0.97 correlation, they move nearly in lockstep. JBEM.DE charges 0.15%/yr vs 0.20%/yr for EAH.DE.
Performance
JBEM.DE vs. EAH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JBEM.DE achieves a 1.27% return, which is significantly lower than EAH.DE's 1.55% return.
JBEM.DE
- 1D
- 0.10%
- 1M
- 0.84%
- YTD
- 1.27%
- 6M
- 1.37%
- 1Y
- 1.05%
- 3Y*
- 2.25%
- 5Y*
- -2.11%
- 10Y*
- —
EAH.DE
- 1D
- 0.00%
- 1M
- 1.09%
- YTD
- 1.55%
- 6M
- 1.73%
- 1Y
- 0.28%
- 3Y*
- 1.13%
- 5Y*
- -5.48%
- 10Y*
- —
JBEM.DE vs. EAH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JBEM.DE BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF | 1.27% | 0.42% | 1.18% | 6.64% | -18.24% | -0.19% |
EAH.DE Amundi Euro Government Green Bond UCITS ETF Acc | 1.55% | -2.11% | -0.57% | 8.84% | -30.65% | 1.11% |
Correlation
The correlation between JBEM.DE and EAH.DE is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.97 |
The correlation between JBEM.DE and EAH.DE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
JBEM.DE vs. EAH.DE — Risk / Return Rank
JBEM.DE
EAH.DE
JBEM.DE vs. EAH.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 Government Green Bond UCITS ETF Acc (EAH.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 | EAH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.01 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 0.06 | +0.27 |
| Martin ratioReturn relative to average drawdown | 0.79 | 0.13 | +0.66 |
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Drawdowns
JBEM.DE vs. EAH.DE - Drawdown Comparison
The maximum JBEM.DE drawdown since its inception was -22.48%, smaller than the maximum EAH.DE drawdown of -36.30%. Use the drawdown chart below to compare losses from any high point for JBEM.DE and EAH.DE.
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Drawdown Indicators
| JBEM.DE | EAH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -36.30% | +13.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -4.72% | +1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -3.95% | -7.80% | +3.85% |
Max Drawdown (5Y)Largest decline over 5 years | -21.49% | -36.30% | +14.81% |
Current DrawdownCurrent decline from peak | -13.76% | -28.52% | +14.76% |
Average DrawdownAverage peak-to-trough decline | -10.59% | -25.33% | +14.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 2.11% | -0.78% |
Volatility
JBEM.DE vs. EAH.DE - Volatility Comparison
The current volatility for BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF (JBEM.DE) is 1.10%, while Amundi Euro Government Green Bond UCITS ETF Acc (EAH.DE) has a volatility of 1.69%. This indicates that JBEM.DE experiences smaller price fluctuations and is considered to be less risky than EAH.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 | EAH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.69% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 3.51% | 5.31% | -1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 6.50% | -2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 10.79% | -4.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.72% | 10.79% | -5.07% |
JBEM.DE vs. EAH.DE - Expense Ratio Comparison
JBEM.DE has a 0.15% expense ratio, which is lower than EAH.DE's 0.20% 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
JBEM.DE vs. EAH.DE - Dividend Comparison
Neither JBEM.DE nor EAH.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, JBEM.DE and EAH.DE 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, 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 0.20% for EAH.DE.
JBEM.DE tracks J.P. Morgan ESG EMU Government Bond IG Index, while EAH.DE tracks Solactive Euro Government Green Bond. They also come from different issuers: BNP Paribas Easy and Amundi. Their fees differ too: 0.15% for JBEM.DE and 0.20% for EAH.DE.
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