JBEM.DE vs. X710.DE
JBEM.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF) and X710.DE (Xtrackers II Eurozone Government Bond 7-10 UCITS ETF) are both European Government Bonds funds - JBEM.DE tracks the J.P. Morgan ESG EMU Government Bond IG Index while X710.DE tracks the Markit iBoxx® EUR Eurozone 7-10. Both are passively managed. Over the past 5 years, JBEM.DE returned -2.70%/yr vs -2.57%/yr for X710.DE. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.15% expense ratio.
Performance
JBEM.DE vs. X710.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JBEM.DE achieves a -0.11% return, which is significantly lower than X710.DE's -0.03% return.
JBEM.DE
- 1D
- 0.00%
- 1M
- -0.73%
- 6M
- -0.73%
- YTD
- -0.11%
- 1Y
- 0.42%
- 3Y*
- 2.17%
- 5Y*
- -2.70%
- 10Y*
- —
X710.DE
- 1D
- 0.00%
- 1M
- -0.75%
- 6M
- -0.65%
- YTD
- -0.03%
- 1Y
- 0.96%
- 3Y*
- 2.81%
- 5Y*
- -2.57%
- 10Y*
- -0.31%
JBEM.DE vs. X710.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 | -0.11% | 0.42% | 1.18% | 6.64% | -18.24% | -3.43% | 4.73% | 6.12% |
X710.DE Xtrackers II Eurozone Government Bond 7-10 UCITS ETF | -0.03% | 1.72% | 0.93% | 8.80% | -19.87% | -3.00% | 4.20% | 5.81% |
Correlation
The correlation between JBEM.DE and X710.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2019 | 0.96 |
The correlation between JBEM.DE and X710.DE has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
JBEM.DE vs. X710.DE — Risk / Return Rank
JBEM.DE
X710.DE
JBEM.DE vs. X710.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 II Eurozone Government Bond 7-10 UCITS ETF (X710.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 | X710.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.04 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 0.23 | -0.10 |
| Martin ratioReturn relative to average drawdown | 0.31 | 0.57 | -0.26 |
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Drawdowns
JBEM.DE vs. X710.DE - Drawdown Comparison
The maximum JBEM.DE drawdown since its inception was -22.48%, roughly equal to the maximum X710.DE drawdown of -23.16%. Use the drawdown chart below to compare losses from any high point for JBEM.DE and X710.DE.
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Drawdown Indicators
| JBEM.DE | X710.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -23.16% | +0.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -4.18% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -3.95% | -4.41% | +0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -21.49% | -22.84% | +1.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.16% | — |
Current DrawdownCurrent decline from peak | -14.93% | -13.57% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -10.62% | -5.23% | -5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.67% | -0.29% |
Volatility
JBEM.DE vs. X710.DE - Volatility Comparison
The current volatility for BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF (JBEM.DE) is 1.07%, while Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.DE) has a volatility of 1.38%. This indicates that JBEM.DE experiences smaller price fluctuations and is considered to be less risky than X710.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 | X710.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.38% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 3.53% | 4.25% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 4.98% | -0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 7.37% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.71% | 6.29% | -0.58% |
JBEM.DE vs. X710.DE - Expense Ratio Comparison
Both JBEM.DE and X710.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. X710.DE - Dividend Comparison
Neither JBEM.DE nor X710.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, JBEM.DE and X710.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 X710.DE have the same expense ratio: 0.15% per year.
JBEM.DE tracks J.P. Morgan ESG EMU Government Bond IG Index, while X710.DE tracks Markit iBoxx® EUR Eurozone 7-10. They also come from different issuers: BNP Paribas Easy and Xtrackers.
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