JE13.DE vs. TGBT.DE
JE13.DE (JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc)) and TGBT.DE (VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF) are both European Government Bonds funds - JE13.DE tracks the JP Morgan EMU Government Bond 1-3 while TGBT.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 1-10. Both are passively managed. Over the past 5 years, JE13.DE returned 0.62%/yr vs -2.05%/yr for TGBT.DE. Their correlation of 0.83 suggests significant overlap in exposure. JE13.DE charges 0.10%/yr vs 0.15%/yr for TGBT.DE.
Performance
JE13.DE vs. TGBT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JE13.DE achieves a 0.06% return, which is significantly higher than TGBT.DE's -0.51% return.
JE13.DE
- 1D
- 0.05%
- 1M
- 0.04%
- YTD
- 0.06%
- 6M
- 0.18%
- 1Y
- 0.97%
- 3Y*
- 2.63%
- 5Y*
- 0.62%
- 10Y*
- —
TGBT.DE
- 1D
- 0.11%
- 1M
- 0.02%
- YTD
- -0.51%
- 6M
- 0.56%
- 1Y
- 0.78%
- 3Y*
- 2.64%
- 5Y*
- -2.05%
- 10Y*
- —
JE13.DE vs. TGBT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JE13.DE JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) | 0.06% | 2.30% | 2.97% | 3.44% | -4.96% | -0.81% | -0.05% | 0.23% | 0.14% |
TGBT.DE VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF | -0.51% | 2.54% | 1.35% | 7.34% | -18.19% | -2.64% | 3.34% | 5.03% | 0.26% |
Correlation
The correlation between JE13.DE and TGBT.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.83 |
The correlation between JE13.DE and TGBT.DE shifts across timeframes, from 0.75 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JE13.DE vs. TGBT.DE — Risk / Return Rank
JE13.DE
TGBT.DE
JE13.DE vs. TGBT.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 VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF (TGBT.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.
| JE13.DE | TGBT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.02 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 0.11 | +0.52 |
| Martin ratioReturn relative to average drawdown | 2.01 | 0.29 | +1.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JE13.DE | TGBT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.08 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | -0.32 | +0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | -0.09 | +0.32 |
Drawdowns
JE13.DE vs. TGBT.DE - Drawdown Comparison
The maximum JE13.DE drawdown since its inception was -6.90%, smaller than the maximum TGBT.DE drawdown of -21.36%. Use the drawdown chart below to compare losses from any high point for JE13.DE and TGBT.DE.
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Drawdown Indicators
| JE13.DE | TGBT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.90% | -21.36% | +14.46% |
Max Drawdown (1Y)Largest decline over 1 year | -1.28% | -3.32% | +2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -1.28% | -3.56% | +2.28% |
Max Drawdown (5Y)Largest decline over 5 years | -6.01% | -21.12% | +15.11% |
Current DrawdownCurrent decline from peak | -0.54% | -11.91% | +11.37% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -9.23% | +7.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 1.26% | -0.86% |
Volatility
JE13.DE vs. TGBT.DE - Volatility Comparison
The current volatility for JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) (JE13.DE) is 0.46%, while VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF (TGBT.DE) has a volatility of 1.55%. This indicates that JE13.DE experiences smaller price fluctuations and is considered to be less risky than TGBT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JE13.DE | TGBT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 1.55% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 3.94% | -2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.32% | 4.44% | -3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.71% | 6.38% | -4.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.52% | 5.67% | -4.15% |
JE13.DE vs. TGBT.DE - Expense Ratio Comparison
JE13.DE has a 0.10% expense ratio, which is lower than TGBT.DE's 0.15% 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. TGBT.DE - Dividend Comparison
JE13.DE has not paid dividends to shareholders, while TGBT.DE's dividend yield for the trailing twelve months is around 1.95%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
JE13.DE JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TGBT.DE VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF | 1.95% | 2.17% | 1.13% | 0.57% | 0.60% | 0.77% | 0.75% | 0.35% |
Frequently Asked Questions
JE13.DE and TGBT.DE have a correlation of 0.75, 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 0.15% for TGBT.DE.
JE13.DE tracks JP Morgan EMU Government Bond 1-3, while TGBT.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-10. They also come from different issuers: JPMorgan and VanEck. Their fees differ too: 0.10% for JE13.DE and 0.15% for TGBT.DE.
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