JBEM.DE vs. EUNH.DE
JBEM.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF) and EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) are both European Government Bonds funds - JBEM.DE tracks the J.P. Morgan ESG EMU Government Bond IG Index while EUNH.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, JBEM.DE returned -2.17%/yr vs -2.11%/yr for EUNH.DE. Their correlation of 0.94 suggests significant overlap in exposure. JBEM.DE charges 0.15%/yr vs 0.07%/yr for EUNH.DE.
Performance
JBEM.DE vs. EUNH.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 higher than EUNH.DE's 0.82% 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*
- —
EUNH.DE
- 1D
- 0.20%
- 1M
- 0.97%
- YTD
- 0.82%
- 6M
- 1.04%
- 1Y
- 0.74%
- 3Y*
- 2.48%
- 5Y*
- -2.11%
- 10Y*
- -0.30%
JBEM.DE vs. EUNH.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% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 0.82% | 0.80% | 1.52% | 6.83% | -18.31% | -3.38% | 4.72% | 6.17% |
Correlation
The correlation between JBEM.DE and EUNH.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 | 0.97 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2019 | 0.94 |
The correlation between JBEM.DE and EUNH.DE has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.
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Return for Risk
JBEM.DE vs. EUNH.DE — Risk / Return Rank
JBEM.DE
EUNH.DE
JBEM.DE vs. EUNH.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 iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.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 | EUNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.03 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 0.21 | +0.02 |
| Martin ratioReturn relative to average drawdown | 0.55 | 0.54 | +0.01 |
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Drawdowns
JBEM.DE vs. EUNH.DE - Drawdown Comparison
The maximum JBEM.DE drawdown since its inception was -22.48%, roughly equal to the maximum EUNH.DE drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for JBEM.DE and EUNH.DE.
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Drawdown Indicators
| JBEM.DE | EUNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -22.42% | -0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -3.48% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -3.95% | -4.10% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -21.49% | -21.53% | +0.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.42% | — |
Current DrawdownCurrent decline from peak | -14.03% | -13.34% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -10.59% | -5.81% | -4.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.36% | -0.03% |
Volatility
JBEM.DE vs. EUNH.DE - Volatility Comparison
The current volatility for BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF (JBEM.DE) is 1.09%, while iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) has a volatility of 1.17%. This indicates that JBEM.DE experiences smaller price fluctuations and is considered to be less risky than EUNH.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 | EUNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.17% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.51% | 3.72% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 4.37% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 6.35% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.72% | 5.51% | +0.21% |
JBEM.DE vs. EUNH.DE - Expense Ratio Comparison
JBEM.DE has a 0.15% expense ratio, which is higher than EUNH.DE's 0.07% 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
JBEM.DE vs. EUNH.DE - Dividend Comparison
JBEM.DE has not paid dividends to shareholders, while EUNH.DE's dividend yield for the trailing twelve months is around 2.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 2.47% | 2.30% | 1.77% | 0.97% | 0.27% | 0.24% | 0.47% | 0.65% | 0.66% | 0.70% | 0.94% | 0.62% |
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 EUNH.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, EUNH.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNH.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for JBEM.DE.
JBEM.DE tracks J.P. Morgan ESG EMU Government Bond IG Index, while EUNH.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: BNP Paribas Easy and iShares. Their fees differ too: 0.15% for JBEM.DE and 0.07% for EUNH.DE.
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