JBEM.DE vs. EL4P.DE
JBEM.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF) and EL4P.DE (Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF) are both European Government Bonds funds - JBEM.DE tracks the J.P. Morgan ESG EMU Government Bond IG Index while EL4P.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 7-10. Both are passively managed. Over the past 5 years, JBEM.DE returned -2.17%/yr vs -2.16%/yr for EL4P.DE. With a 0.95 correlation, they move nearly in lockstep. Both charge a 0.15% expense ratio.
Performance
JBEM.DE vs. EL4P.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JBEM.DE achieves a 0.95% return, which is significantly lower than EL4P.DE's 1.09% return.
JBEM.DE
- 1D
- -0.00%
- 1M
- 0.84%
- YTD
- 0.95%
- 6M
- 1.05%
- 1Y
- 0.52%
- 3Y*
- 2.22%
- 5Y*
- -2.17%
- 10Y*
- —
EL4P.DE
- 1D
- 0.21%
- 1M
- 1.04%
- YTD
- 1.09%
- 6M
- 1.30%
- 1Y
- 1.36%
- 3Y*
- 2.86%
- 5Y*
- -2.16%
- 10Y*
- -0.04%
JBEM.DE vs. EL4P.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 | 0.95% | 0.42% | 1.18% | 6.64% | -18.24% | -3.43% | 4.73% | 6.12% |
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 1.09% | 1.64% | 1.06% | 8.67% | -20.09% | -3.04% | 4.33% | 5.91% |
Correlation
The correlation between JBEM.DE and EL4P.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2019 | 0.95 |
The correlation between JBEM.DE and EL4P.DE has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
JBEM.DE vs. EL4P.DE — Risk / Return Rank
JBEM.DE
EL4P.DE
JBEM.DE vs. EL4P.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 Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.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 | EL4P.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.05 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 0.33 | -0.10 |
| Martin ratioReturn relative to average drawdown | 0.55 | 0.86 | -0.31 |
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Drawdowns
JBEM.DE vs. EL4P.DE - Drawdown Comparison
The maximum JBEM.DE drawdown since its inception was -22.48%, roughly equal to the maximum EL4P.DE drawdown of -23.49%. Use the drawdown chart below to compare losses from any high point for JBEM.DE and EL4P.DE.
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Drawdown Indicators
| JBEM.DE | EL4P.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -23.49% | +1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -4.09% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -3.95% | -4.65% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -21.49% | -23.13% | +1.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.49% | — |
Current DrawdownCurrent decline from peak | -14.03% | -12.94% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -10.59% | -5.57% | -5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.58% | -0.25% |
Volatility
JBEM.DE vs. EL4P.DE - Volatility Comparison
The current volatility for BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF (JBEM.DE) is 1.09%, while Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.DE) has a volatility of 1.27%. This indicates that JBEM.DE experiences smaller price fluctuations and is considered to be less risky than EL4P.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 | EL4P.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.27% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.51% | 4.13% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 4.92% | -0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 7.49% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.72% | 6.06% | -0.34% |
JBEM.DE vs. EL4P.DE - Expense Ratio Comparison
Both JBEM.DE and EL4P.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
JBEM.DE vs. EL4P.DE - Dividend Comparison
JBEM.DE has not paid dividends to shareholders, while EL4P.DE's dividend yield for the trailing twelve months is around 3.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 3.61% | 2.66% | 1.83% | 1.37% | 0.39% | 0.62% | 0.83% | 1.08% | 0.64% | 1.41% | 1.80% | 2.32% |
JBEM.DE BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, JBEM.DE and EL4P.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.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JBEM.DE and EL4P.DE have the same expense ratio: 0.15% per year.
JBEM.DE tracks J.P. Morgan ESG EMU Government Bond IG Index, while EL4P.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 7-10. They also come from different issuers: BNP Paribas Easy and Deka.
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