JBEM.DE vs. IBCM.DE
JBEM.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF) and IBCM.DE (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) are both European Government Bonds funds - JBEM.DE tracks the J.P. Morgan ESG EMU Government Bond IG Index while IBCM.DE tracks the Bloomberg Euro Government Bond 10. Both are passively managed. Over the past 5 years, JBEM.DE returned -2.17%/yr vs -2.15%/yr for IBCM.DE. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.15% expense ratio.
Performance
JBEM.DE vs. IBCM.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 IBCM.DE's 1.25% 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*
- —
IBCM.DE
- 1D
- 0.22%
- 1M
- 1.12%
- YTD
- 1.25%
- 6M
- 1.18%
- 1Y
- 1.17%
- 3Y*
- 2.82%
- 5Y*
- -2.15%
- 10Y*
- -0.09%
JBEM.DE vs. IBCM.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% |
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 1.25% | 1.53% | 0.84% | 8.74% | -19.91% | -3.09% | 4.08% | 5.70% |
Correlation
The correlation between JBEM.DE and IBCM.DE is 0.93, 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 | 0.93 |
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 Feb 11, 2019 | 0.96 |
The correlation between JBEM.DE and IBCM.DE has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
JBEM.DE vs. IBCM.DE — Risk / Return Rank
JBEM.DE
IBCM.DE
JBEM.DE vs. IBCM.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 Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.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 | IBCM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.04 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 0.28 | -0.06 |
| Martin ratioReturn relative to average drawdown | 0.55 | 0.73 | -0.18 |
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Drawdowns
JBEM.DE vs. IBCM.DE - Drawdown Comparison
The maximum JBEM.DE drawdown since its inception was -22.48%, roughly equal to the maximum IBCM.DE drawdown of -23.25%. Use the drawdown chart below to compare losses from any high point for JBEM.DE and IBCM.DE.
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Drawdown Indicators
| JBEM.DE | IBCM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -23.25% | +0.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -4.09% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -3.95% | -4.53% | +0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -21.49% | -22.90% | +1.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.25% | — |
Current DrawdownCurrent decline from peak | -14.03% | -12.86% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -10.59% | -5.16% | -5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.60% | -0.27% |
Volatility
JBEM.DE vs. IBCM.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 Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.DE) has a volatility of 1.21%. This indicates that JBEM.DE experiences smaller price fluctuations and is considered to be less risky than IBCM.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 | IBCM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.21% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.51% | 4.22% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 5.01% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 7.39% | -1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.72% | 6.03% | -0.31% |
JBEM.DE vs. IBCM.DE - Expense Ratio Comparison
Both JBEM.DE and IBCM.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. IBCM.DE - Dividend Comparison
JBEM.DE has not paid dividends to shareholders, while IBCM.DE's dividend yield for the trailing twelve months is around 2.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 2.89% | 2.82% | 2.73% | 1.97% | 0.13% | 0.00% | 0.09% | 0.63% | 0.75% | 0.76% | 0.80% | 1.09% |
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 0.93, JBEM.DE and IBCM.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 IBCM.DE have the same expense ratio: 0.15% per year.
JBEM.DE tracks J.P. Morgan ESG EMU Government Bond IG Index, while IBCM.DE tracks Bloomberg Euro Government Bond 10. They also come from different issuers: BNP Paribas Easy and iShares.
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