JBEM.DE vs. LYQ2.DE
JBEM.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF) and LYQ2.DE (Amundi Euro Government Bond 1-3Y UCITS ETF Acc) are both European Government Bonds funds - JBEM.DE tracks the J.P. Morgan ESG EMU Government Bond IG Index while LYQ2.DE tracks the Bloomberg Euro Treasury 50bn 1-3 Year Bond. Both are passively managed. Over the past 5 years, JBEM.DE returned -2.17%/yr vs 0.62%/yr for LYQ2.DE. Their correlation of 0.80 suggests significant overlap in exposure. JBEM.DE charges 0.15%/yr vs 0.17%/yr for LYQ2.DE.
Performance
JBEM.DE vs. LYQ2.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 LYQ2.DE's 0.31% 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*
- —
LYQ2.DE
- 1D
- 0.05%
- 1M
- 0.31%
- YTD
- 0.31%
- 6M
- 0.42%
- 1Y
- 1.01%
- 3Y*
- 2.71%
- 5Y*
- 0.62%
- 10Y*
- 0.13%
JBEM.DE vs. LYQ2.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% |
LYQ2.DE Amundi Euro Government Bond 1-3Y UCITS ETF Acc | 0.31% | 2.14% | 2.97% | 3.27% | -4.97% | -0.84% | -0.20% | 0.06% |
Correlation
The correlation between JBEM.DE and LYQ2.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2019 | 0.80 |
The correlation between JBEM.DE and LYQ2.DE has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.
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Return for Risk
JBEM.DE vs. LYQ2.DE — Risk / Return Rank
JBEM.DE
LYQ2.DE
JBEM.DE vs. LYQ2.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 Euro Government Bond 1-3Y UCITS ETF Acc (LYQ2.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 | LYQ2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.15 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 0.82 | -0.59 |
| Martin ratioReturn relative to average drawdown | 0.55 | 2.49 | -1.94 |
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Drawdowns
JBEM.DE vs. LYQ2.DE - Drawdown Comparison
The maximum JBEM.DE drawdown since its inception was -22.48%, which is greater than LYQ2.DE's maximum drawdown of -7.75%. Use the drawdown chart below to compare losses from any high point for JBEM.DE and LYQ2.DE.
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Drawdown Indicators
| JBEM.DE | LYQ2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -7.75% | -14.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -1.22% | -1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -3.95% | -1.22% | -2.73% |
Max Drawdown (5Y)Largest decline over 5 years | -21.49% | -6.02% | -15.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -7.75% | — |
Current DrawdownCurrent decline from peak | -14.03% | -0.27% | -13.76% |
Average DrawdownAverage peak-to-trough decline | -10.59% | -1.28% | -9.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 0.40% | +0.93% |
Volatility
JBEM.DE vs. LYQ2.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 Amundi Euro Government Bond 1-3Y UCITS ETF Acc (LYQ2.DE) at 0.37%. This indicates that JBEM.DE's price experiences larger fluctuations and is considered to be riskier than LYQ2.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 | LYQ2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.37% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 3.51% | 1.17% | +2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 1.28% | +2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 1.66% | +4.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.72% | 1.32% | +4.40% |
JBEM.DE vs. LYQ2.DE - Expense Ratio Comparison
JBEM.DE has a 0.15% expense ratio, which is lower than LYQ2.DE's 0.17% 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. LYQ2.DE - Dividend Comparison
Neither JBEM.DE nor LYQ2.DE has paid dividends to shareholders.
Frequently Asked Questions
JBEM.DE and LYQ2.DE have a correlation of 0.74, 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 0.17% for LYQ2.DE.
JBEM.DE tracks J.P. Morgan ESG EMU Government Bond IG Index, while LYQ2.DE tracks Bloomberg Euro Treasury 50bn 1-3 Year Bond. They also come from different issuers: BNP Paribas Easy and Amundi. Their fees differ too: 0.15% for JBEM.DE and 0.17% for LYQ2.DE.
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