JBEM.DE vs. KX1G.DE
JBEM.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF) and KX1G.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR) are both European Government Bonds funds - JBEM.DE tracks the J.P. Morgan ESG EMU Government Bond IG Index while KX1G.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade. Both are passively managed. Over the past 5 years, JBEM.DE returned -2.17%/yr vs -1.70%/yr for KX1G.DE. With a 0.95 correlation, they move nearly in lockstep. JBEM.DE charges 0.15%/yr vs 0.14%/yr for KX1G.DE.
Performance
JBEM.DE vs. KX1G.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 KX1G.DE's 1.05% 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*
- —
KX1G.DE
- 1D
- 0.20%
- 1M
- 0.99%
- YTD
- 1.05%
- 6M
- 1.17%
- 1Y
- 1.23%
- 3Y*
- 3.10%
- 5Y*
- -1.70%
- 10Y*
- 0.28%
JBEM.DE vs. KX1G.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% |
KX1G.DE Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR | 1.05% | 1.21% | 2.65% | 7.57% | -18.38% | -3.42% | 5.42% | 8.33% |
Correlation
The correlation between JBEM.DE and KX1G.DE is 0.95, 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 | 0.95 |
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 KX1G.DE has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
JBEM.DE vs. KX1G.DE — Risk / Return Rank
JBEM.DE
KX1G.DE
JBEM.DE vs. KX1G.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 Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR (KX1G.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 | KX1G.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.05 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 0.35 | -0.12 |
| Martin ratioReturn relative to average drawdown | 0.55 | 0.90 | -0.35 |
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Drawdowns
JBEM.DE vs. KX1G.DE - Drawdown Comparison
The maximum JBEM.DE drawdown since its inception was -22.48%, roughly equal to the maximum KX1G.DE drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for JBEM.DE and KX1G.DE.
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Drawdown Indicators
| JBEM.DE | KX1G.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -22.43% | -0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -3.54% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -3.95% | -4.22% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -21.49% | -21.59% | +0.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.43% | — |
Current DrawdownCurrent decline from peak | -14.03% | -11.36% | -2.67% |
Average DrawdownAverage peak-to-trough decline | -10.59% | -6.17% | -4.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.36% | -0.03% |
Volatility
JBEM.DE vs. KX1G.DE - Volatility Comparison
BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF (JBEM.DE) and Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR (KX1G.DE) have volatilities of 1.09% and 1.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JBEM.DE | KX1G.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.14% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.51% | 3.84% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 4.57% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 6.60% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.72% | 5.70% | +0.02% |
JBEM.DE vs. KX1G.DE - Expense Ratio Comparison
JBEM.DE has a 0.15% expense ratio, which is higher than KX1G.DE's 0.14% 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. KX1G.DE - Dividend Comparison
Neither JBEM.DE nor KX1G.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, JBEM.DE and KX1G.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, KX1G.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KX1G.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for JBEM.DE.
JBEM.DE tracks J.P. Morgan ESG EMU Government Bond IG Index, while KX1G.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade. They also come from different issuers: BNP Paribas Easy and Amundi. Their fees differ too: 0.15% for JBEM.DE and 0.14% for KX1G.DE.
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