JE13.DE vs. H4ZK.DE
JE13.DE (JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc)) and H4ZK.DE (HSBC Euro Lower Carbon Government 1-3 Year Bond UCITS ETF C EUR) are both European Government Bonds funds - JE13.DE tracks the JP Morgan EMU Government Bond 1-3 while H4ZK.DE tracks the Bloomberg Euro Treasury 1-3 Year Carbon Tilted Index. Both are passively managed. Over the past year, JE13.DE returned 0.67% vs 0.79% for H4ZK.DE. A 0.57 correlation means they provide meaningful diversification when combined. JE13.DE charges 0.10%/yr vs 0.14%/yr for H4ZK.DE.
Performance
JE13.DE vs. H4ZK.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JE13.DE achieves a 0.14% return, which is significantly lower than H4ZK.DE's 0.20% return.
JE13.DE
- 1D
- -0.02%
- 1M
- -0.16%
- 6M
- 0.01%
- YTD
- 0.14%
- 1Y
- 0.67%
- 3Y*
- 2.67%
- 5Y*
- 0.64%
- 10Y*
- —
H4ZK.DE
- 1D
- 0.00%
- 1M
- -0.10%
- 6M
- 0.10%
- YTD
- 0.20%
- 1Y
- 0.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JE13.DE vs. H4ZK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JE13.DE JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) | 0.14% | 2.40% |
H4ZK.DE HSBC Euro Lower Carbon Government 1-3 Year Bond UCITS ETF C EUR | 0.20% | 2.30% |
Correlation
The correlation between JE13.DE and H4ZK.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2025 | 0.57 |
The correlation between JE13.DE and H4ZK.DE has been stable across timeframes, ranging from 0.49 to 0.57 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JE13.DE vs. H4ZK.DE — Risk / Return Rank
JE13.DE
H4ZK.DE
JE13.DE vs. H4ZK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) (JE13.DE) and HSBC Euro Lower Carbon Government 1-3 Year Bond UCITS ETF C EUR (H4ZK.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.
| JE13.DE | H4ZK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.13 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 0.62 | -0.10 |
| Martin ratioReturn relative to average drawdown | 1.60 | 2.06 | -0.46 |
Loading charts...
Drawdowns
JE13.DE vs. H4ZK.DE - Drawdown Comparison
The maximum JE13.DE drawdown since its inception was -6.90%, which is greater than H4ZK.DE's maximum drawdown of -1.26%. Use the drawdown chart below to compare losses from any high point for JE13.DE and H4ZK.DE.
Loading charts...
Drawdown Indicators
| JE13.DE | H4ZK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.90% | -1.26% | -5.64% |
Max Drawdown (1Y)Largest decline over 1 year | -1.29% | -1.26% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -1.29% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -6.01% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | -0.29% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -1.74% | -0.19% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.38% | +0.04% |
Volatility
JE13.DE vs. H4ZK.DE - Volatility Comparison
The current volatility for JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) (JE13.DE) is 0.37%, while HSBC Euro Lower Carbon Government 1-3 Year Bond UCITS ETF C EUR (H4ZK.DE) has a volatility of 0.40%. This indicates that JE13.DE experiences smaller price fluctuations and is considered to be less risky than H4ZK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JE13.DE | H4ZK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | 0.40% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.26% | 1.23% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.38% | 1.38% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.73% | 1.39% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.52% | 1.39% | +0.13% |
JE13.DE vs. H4ZK.DE - Expense Ratio Comparison
JE13.DE has a 0.10% expense ratio, which is lower than H4ZK.DE's 0.14% 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
JE13.DE vs. H4ZK.DE - Dividend Comparison
Neither JE13.DE nor H4ZK.DE has paid dividends to shareholders.
Frequently Asked Questions
JE13.DE and H4ZK.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JE13.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JE13.DE is cheaper with a 0.10% expense ratio, compared with 0.14% for H4ZK.DE.
JE13.DE tracks JP Morgan EMU Government Bond 1-3, while H4ZK.DE tracks Bloomberg Euro Treasury 1-3 Year Carbon Tilted Index. They also come from different issuers: JPMorgan and HSBC. Their fees differ too: 0.10% for JE13.DE and 0.14% for H4ZK.DE.
Find the right allocation for JE13.DE and H4ZK.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer