JE13.DE vs. VGEA.DE
JE13.DE (JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc)) and VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) are both European Government Bonds funds - JE13.DE tracks the JP Morgan EMU Government Bond 1-3 while VGEA.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, JE13.DE returned 0.62%/yr vs -2.24%/yr for VGEA.DE. A 0.77 correlation means they provide meaningful diversification when combined. JE13.DE charges 0.10%/yr vs 0.07%/yr for VGEA.DE.
Performance
JE13.DE vs. VGEA.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 lower than VGEA.DE's 0.11% 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*
- —
VGEA.DE
- 1D
- 0.06%
- 1M
- -0.02%
- YTD
- 0.11%
- 6M
- 0.18%
- 1Y
- 0.33%
- 3Y*
- 2.38%
- 5Y*
- -2.24%
- 10Y*
- —
JE13.DE vs. VGEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 0.26% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.11% | 0.67% | 1.54% | 6.93% | -18.30% | -3.32% | 4.81% | 5.94% |
Correlation
The correlation between JE13.DE and VGEA.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.77 |
The correlation between JE13.DE and VGEA.DE has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.
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Return for Risk
JE13.DE vs. VGEA.DE — Risk / Return Rank
JE13.DE
VGEA.DE
JE13.DE vs. VGEA.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 Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.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 | VGEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.00 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | -0.01 | +0.64 |
| Martin ratioReturn relative to average drawdown | 2.01 | -0.04 | +2.05 |
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 | VGEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | -0.01 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | -0.35 | +0.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | -0.10 | +0.32 |
Drawdowns
JE13.DE vs. VGEA.DE - Drawdown Comparison
The maximum JE13.DE drawdown since its inception was -6.90%, smaller than the maximum VGEA.DE drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for JE13.DE and VGEA.DE.
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Drawdown Indicators
| JE13.DE | VGEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.90% | -22.34% | +15.44% |
Max Drawdown (1Y)Largest decline over 1 year | -1.28% | -3.44% | +2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -1.28% | -4.00% | +2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -6.01% | -21.47% | +15.46% |
Current DrawdownCurrent decline from peak | -0.54% | -13.91% | +13.37% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -10.30% | +8.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 1.33% | -0.93% |
Volatility
JE13.DE vs. VGEA.DE - Volatility Comparison
The current volatility for JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) (JE13.DE) is 0.46%, while Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) has a volatility of 1.67%. This indicates that JE13.DE experiences smaller price fluctuations and is considered to be less risky than VGEA.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 | VGEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 1.67% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 3.62% | -2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.32% | 4.33% | -3.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.71% | 6.39% | -4.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.52% | 5.86% | -4.34% |
JE13.DE vs. VGEA.DE - Expense Ratio Comparison
JE13.DE has a 0.10% expense ratio, which is higher than VGEA.DE's 0.07% 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
JE13.DE vs. VGEA.DE - Dividend Comparison
Neither JE13.DE nor VGEA.DE has paid dividends to shareholders.
Frequently Asked Questions
JE13.DE and VGEA.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGEA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEA.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for JE13.DE.
JE13.DE tracks JP Morgan EMU Government Bond 1-3, while VGEA.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.10% for JE13.DE and 0.07% for VGEA.DE.
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