JBEM.DE vs. X03B.DE
JBEM.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF) and X03B.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) are both European Government Bonds funds - JBEM.DE tracks the J.P. Morgan ESG EMU Government Bond IG Index while X03B.DE tracks the iBoxx® EUR Eurozone 1-3. Both are passively managed. Over the past 5 years, JBEM.DE returned -2.17%/yr vs 0.75%/yr for X03B.DE. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
JBEM.DE vs. X03B.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 X03B.DE's 0.33% 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*
- —
X03B.DE
- 1D
- 0.04%
- 1M
- 0.37%
- YTD
- 0.33%
- 6M
- 0.44%
- 1Y
- 1.10%
- 3Y*
- 2.79%
- 5Y*
- 0.75%
- 10Y*
- 0.26%
JBEM.DE vs. X03B.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% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.33% | 2.25% | 3.05% | 3.36% | -4.65% | -0.78% | -0.13% | 0.38% |
Correlation
The correlation between JBEM.DE and X03B.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2019 | 0.80 |
The correlation between JBEM.DE and X03B.DE has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
JBEM.DE vs. X03B.DE — Risk / Return Rank
JBEM.DE
X03B.DE
JBEM.DE vs. X03B.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 Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.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 | X03B.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.17 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 0.86 | -0.63 |
| Martin ratioReturn relative to average drawdown | 0.55 | 2.67 | -2.12 |
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Drawdowns
JBEM.DE vs. X03B.DE - Drawdown Comparison
The maximum JBEM.DE drawdown since its inception was -22.48%, which is greater than X03B.DE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for JBEM.DE and X03B.DE.
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Drawdown Indicators
| JBEM.DE | X03B.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -6.78% | -15.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -1.28% | -1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -3.95% | -1.28% | -2.67% |
Max Drawdown (5Y)Largest decline over 5 years | -21.49% | -5.67% | -15.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.78% | — |
Current DrawdownCurrent decline from peak | -14.03% | -0.24% | -13.79% |
Average DrawdownAverage peak-to-trough decline | -10.59% | -1.17% | -9.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 0.41% | +0.92% |
Volatility
JBEM.DE vs. X03B.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 Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.DE) at 0.37%. This indicates that JBEM.DE's price experiences larger fluctuations and is considered to be riskier than X03B.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 | X03B.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% | 1.21% | +2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 1.30% | +2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 1.63% | +4.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.72% | 1.32% | +4.40% |
JBEM.DE vs. X03B.DE - Expense Ratio Comparison
Both JBEM.DE and X03B.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. X03B.DE - Dividend Comparison
JBEM.DE has not paid dividends to shareholders, while X03B.DE's dividend yield for the trailing twelve months is around 1.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 1.53% | 1.39% | 0.98% | 0.28% | 0.12% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.66% |
Frequently Asked Questions
JBEM.DE and X03B.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 X03B.DE have the same expense ratio: 0.15% per year.
JBEM.DE tracks J.P. Morgan ESG EMU Government Bond IG Index, while X03B.DE tracks iBoxx® EUR Eurozone 1-3. They also come from different issuers: BNP Paribas Easy and Xtrackers.
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