JBEM.DE vs. XGEZ.DE
JBEM.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF) and XGEZ.DE (Xtrackers II Eurozone Government Green Bond UCITS ETF) are both European Government Bonds funds - JBEM.DE tracks the J.P. Morgan ESG EMU Government Bond IG Index while XGEZ.DE tracks the iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. Both are passively managed. Over the past 3 years, JBEM.DE returned 2.25%/yr vs 1.15%/yr for XGEZ.DE. With a 0.96 correlation, they move nearly in lockstep. JBEM.DE charges 0.15%/yr vs 0.18%/yr for XGEZ.DE.
Performance
JBEM.DE vs. XGEZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JBEM.DE achieves a 1.27% return, which is significantly lower than XGEZ.DE's 1.60% return.
JBEM.DE
- 1D
- 0.10%
- 1M
- 0.84%
- YTD
- 1.27%
- 6M
- 1.37%
- 1Y
- 1.05%
- 3Y*
- 2.25%
- 5Y*
- -2.11%
- 10Y*
- —
XGEZ.DE
- 1D
- 0.00%
- 1M
- 1.09%
- YTD
- 1.60%
- 6M
- 1.74%
- 1Y
- 0.26%
- 3Y*
- 1.15%
- 5Y*
- —
- 10Y*
- —
JBEM.DE vs. XGEZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JBEM.DE BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF | 1.27% | 0.42% | 1.18% | 6.64% | -0.46% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 1.60% | -2.16% | -0.51% | 8.88% | -0.36% |
Correlation
The correlation between JBEM.DE and XGEZ.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 (All Time) Calculated using the full available price history since Oct 19, 2022 | 0.96 |
The correlation between JBEM.DE and XGEZ.DE has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
JBEM.DE vs. XGEZ.DE — Risk / Return Rank
JBEM.DE
XGEZ.DE
JBEM.DE vs. XGEZ.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 Green Bond UCITS ETF (XGEZ.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 | XGEZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.01 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 0.06 | +0.27 |
| Martin ratioReturn relative to average drawdown | 0.79 | 0.12 | +0.67 |
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Drawdowns
JBEM.DE vs. XGEZ.DE - Drawdown Comparison
The maximum JBEM.DE drawdown since its inception was -22.48%, which is greater than XGEZ.DE's maximum drawdown of -13.63%. Use the drawdown chart below to compare losses from any high point for JBEM.DE and XGEZ.DE.
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Drawdown Indicators
| JBEM.DE | XGEZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -13.63% | -8.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -4.70% | +1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -3.95% | -7.88% | +3.93% |
Max Drawdown (5Y)Largest decline over 5 years | -21.49% | — | — |
Current DrawdownCurrent decline from peak | -13.76% | -3.99% | -9.77% |
Average DrawdownAverage peak-to-trough decline | -10.59% | -5.39% | -5.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 2.11% | -0.78% |
Volatility
JBEM.DE vs. XGEZ.DE - Volatility Comparison
The current volatility for BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF (JBEM.DE) is 1.10%, while Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) has a volatility of 1.75%. This indicates that JBEM.DE experiences smaller price fluctuations and is considered to be less risky than XGEZ.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 | XGEZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.75% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 3.51% | 5.23% | -1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 6.42% | -2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 9.92% | -3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.72% | 9.92% | -4.20% |
JBEM.DE vs. XGEZ.DE - Expense Ratio Comparison
JBEM.DE has a 0.15% expense ratio, which is lower than XGEZ.DE's 0.18% 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. XGEZ.DE - Dividend Comparison
JBEM.DE has not paid dividends to shareholders, while XGEZ.DE's dividend yield for the trailing twelve months is around 2.06%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
JBEM.DE BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 2.06% | 1.99% | 2.07% | 1.27% |
Frequently Asked Questions
With a correlation of 0.93, JBEM.DE and XGEZ.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, 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 0.18% for XGEZ.DE.
JBEM.DE tracks J.P. Morgan ESG EMU Government Bond IG Index, while XGEZ.DE tracks iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. They also come from different issuers: BNP Paribas Easy and Xtrackers. Their fees differ too: 0.15% for JBEM.DE and 0.18% for XGEZ.DE.
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