JBEM.DE vs. EXHB.DE
JBEM.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF) and EXHB.DE (iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE)) are both European Government Bonds funds - JBEM.DE tracks the J.P. Morgan ESG EMU Government Bond IG Index while EXHB.DE tracks the eb.rexx® Government Germany 1.5-2.5. Both are passively managed. Over the past 5 years, JBEM.DE returned -2.17%/yr vs 0.28%/yr for EXHB.DE. A 0.67 correlation means they provide meaningful diversification when combined. JBEM.DE charges 0.15%/yr vs 0.16%/yr for EXHB.DE.
Performance
JBEM.DE vs. EXHB.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 EXHB.DE's 0.30% 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*
- —
EXHB.DE
- 1D
- 0.07%
- 1M
- 0.28%
- YTD
- 0.30%
- 6M
- 0.38%
- 1Y
- 0.71%
- 3Y*
- 2.31%
- 5Y*
- 0.28%
- 10Y*
- -0.25%
JBEM.DE vs. EXHB.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% |
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 0.30% | 1.66% | 2.55% | 2.59% | -5.04% | -0.96% | -0.80% | -0.66% |
Correlation
The correlation between JBEM.DE and EXHB.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2019 | 0.67 |
The correlation between JBEM.DE and EXHB.DE has been stable across timeframes, ranging from 0.66 to 0.75 - a consistent structural relationship.
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Return for Risk
JBEM.DE vs. EXHB.DE — Risk / Return Rank
JBEM.DE
EXHB.DE
JBEM.DE vs. EXHB.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 eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.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 | EXHB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.11 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 0.60 | -0.38 |
| Martin ratioReturn relative to average drawdown | 0.55 | 1.70 | -1.15 |
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Drawdowns
JBEM.DE vs. EXHB.DE - Drawdown Comparison
The maximum JBEM.DE drawdown since its inception was -22.48%, which is greater than EXHB.DE's maximum drawdown of -9.97%. Use the drawdown chart below to compare losses from any high point for JBEM.DE and EXHB.DE.
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Drawdown Indicators
| JBEM.DE | EXHB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -9.97% | -12.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -1.18% | -2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -3.95% | -1.18% | -2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -21.49% | -6.45% | -15.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.97% | — |
Current DrawdownCurrent decline from peak | -14.03% | -2.53% | -11.50% |
Average DrawdownAverage peak-to-trough decline | -10.59% | -2.11% | -8.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 0.42% | +0.91% |
Volatility
JBEM.DE vs. EXHB.DE - Volatility Comparison
BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF (JBEM.DE) has a higher volatility of 1.09% compared to iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.DE) at 0.40%. This indicates that JBEM.DE's price experiences larger fluctuations and is considered to be riskier than EXHB.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 | EXHB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.40% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 3.51% | 1.13% | +2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 1.24% | +2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 1.72% | +4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.72% | 1.44% | +4.28% |
JBEM.DE vs. EXHB.DE - Expense Ratio Comparison
JBEM.DE has a 0.15% expense ratio, which is lower than EXHB.DE's 0.16% 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. EXHB.DE - Dividend Comparison
JBEM.DE has not paid dividends to shareholders, while EXHB.DE's dividend yield for the trailing twelve months is around 1.39%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 1.39% | 0.96% | 0.72% | 0.60% | 1.05% | 0.97% | 0.80% | 1.06% | 0.97% | 1.50% | 1.42% | 1.49% |
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
JBEM.DE and EXHB.DE have a correlation of 0.66, 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 0.16% for EXHB.DE.
JBEM.DE tracks J.P. Morgan ESG EMU Government Bond IG Index, while EXHB.DE tracks eb.rexx® Government Germany 1.5-2.5. They also come from different issuers: BNP Paribas Easy and iShares. Their fees differ too: 0.15% for JBEM.DE and 0.16% for EXHB.DE.
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