JBEM.DE vs. XGLE.DE
JBEM.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF) and XGLE.DE (Xtrackers II Eurozone Government Bond UCITS ETF) are both European Government Bonds funds - JBEM.DE tracks the J.P. Morgan ESG EMU Government Bond IG Index while XGLE.DE tracks the iBoxx® EUR Sovereigns Eurozone. Both are passively managed. Over the past 5 years, JBEM.DE returned -2.70%/yr vs -2.61%/yr for XGLE.DE. Their correlation of 0.94 suggests significant overlap in exposure. JBEM.DE charges 0.15%/yr vs 0.09%/yr for XGLE.DE.
Performance
JBEM.DE vs. XGLE.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 higher than XGLE.DE's -0.13% 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*
- —
XGLE.DE
- 1D
- 0.00%
- 1M
- -0.79%
- 6M
- -0.64%
- YTD
- -0.13%
- 1Y
- 0.59%
- 3Y*
- 2.40%
- 5Y*
- -2.61%
- 10Y*
- -0.56%
JBEM.DE vs. XGLE.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% |
XGLE.DE Xtrackers II Eurozone Government Bond UCITS ETF | -0.13% | 0.67% | 1.55% | 6.76% | -18.42% | -3.34% | 4.64% | 6.16% |
Correlation
The correlation between JBEM.DE and XGLE.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 | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2019 | 0.94 |
The correlation between JBEM.DE and XGLE.DE has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
JBEM.DE vs. XGLE.DE — Risk / Return Rank
JBEM.DE
XGLE.DE
JBEM.DE vs. XGLE.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 UCITS ETF (XGLE.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 | XGLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.03 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 0.17 | -0.04 |
| Martin ratioReturn relative to average drawdown | 0.31 | 0.41 | -0.10 |
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Drawdowns
JBEM.DE vs. XGLE.DE - Drawdown Comparison
The maximum JBEM.DE drawdown since its inception was -22.48%, roughly equal to the maximum XGLE.DE drawdown of -22.59%. Use the drawdown chart below to compare losses from any high point for JBEM.DE and XGLE.DE.
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Drawdown Indicators
| JBEM.DE | XGLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -22.59% | +0.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -3.47% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -3.95% | -3.99% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -21.49% | -21.71% | +0.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.59% | — |
Current DrawdownCurrent decline from peak | -14.93% | -14.36% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -10.62% | -5.32% | -5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.45% | -0.07% |
Volatility
JBEM.DE vs. XGLE.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 UCITS ETF (XGLE.DE) has a volatility of 1.17%. This indicates that JBEM.DE experiences smaller price fluctuations and is considered to be less risky than XGLE.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 | XGLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.17% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.53% | 3.73% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 4.39% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 6.33% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.71% | 5.62% | +0.09% |
JBEM.DE vs. XGLE.DE - Expense Ratio Comparison
JBEM.DE has a 0.15% expense ratio, which is higher than XGLE.DE's 0.09% 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. XGLE.DE - Dividend Comparison
Neither JBEM.DE nor XGLE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, JBEM.DE and XGLE.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, XGLE.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGLE.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for JBEM.DE.
JBEM.DE tracks J.P. Morgan ESG EMU Government Bond IG Index, while XGLE.DE tracks iBoxx® EUR Sovereigns Eurozone. They also come from different issuers: BNP Paribas Easy and Xtrackers. Their fees differ too: 0.15% for JBEM.DE and 0.09% for XGLE.DE.
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