JMBA.DE vs. BBLL.DE
JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) and BBLL.DE (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) are both exchange-traded funds - JMBA.DE is a Emerging Markets Bonds fund tracking the J.P. Morgan Emerging Markets Risk-Aware Bond Index, while BBLL.DE is a Government Bonds fund tracking the ICE US Treasury 0-1 Year Index. Both are passively managed. Over the past 5 years, JMBA.DE returned 1.93%/yr vs 4.11%/yr for BBLL.DE. At a 0.42 correlation, their price movements are largely independent. JMBA.DE charges 0.39%/yr vs 0.07%/yr for BBLL.DE.
Performance
JMBA.DE vs. BBLL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JMBA.DE achieves a 4.33% return, which is significantly lower than BBLL.DE's 4.73% return.
JMBA.DE
- 1D
- -0.15%
- 1M
- 0.55%
- 6M
- 3.60%
- YTD
- 4.33%
- 1Y
- 10.91%
- 3Y*
- 6.62%
- 5Y*
- 1.93%
- 10Y*
- —
BBLL.DE
- 1D
- 0.06%
- 1M
- 1.70%
- 6M
- 3.71%
- YTD
- 4.73%
- 1Y
- 5.38%
- 3Y*
- 4.01%
- 5Y*
- 4.11%
- 10Y*
- —
JMBA.DE vs. BBLL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 4.33% | 0.84% | 7.77% | 5.79% | -10.80% | 5.58% | -4.14% | -7.72% |
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 4.73% | -7.36% | 11.29% | 1.33% | 7.29% | 8.35% | -8.23% | -0.74% |
Correlation
The correlation between JMBA.DE and BBLL.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.42 |
The correlation between JMBA.DE and BBLL.DE shifts across timeframes, from 0.42 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JMBA.DE vs. BBLL.DE — Risk / Return Rank
JMBA.DE
BBLL.DE
JMBA.DE vs. BBLL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) and JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.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.
| JMBA.DE | BBLL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.16 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | 1.59 | +2.25 |
| Martin ratioReturn relative to average drawdown | 11.71 | 3.76 | +7.95 |
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Drawdowns
JMBA.DE vs. BBLL.DE - Drawdown Comparison
The maximum JMBA.DE drawdown since its inception was -26.66%, which is greater than BBLL.DE's maximum drawdown of -17.24%. Use the drawdown chart below to compare losses from any high point for JMBA.DE and BBLL.DE.
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Drawdown Indicators
| JMBA.DE | BBLL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.66% | -17.24% | -9.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -3.38% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -11.65% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -14.09% | -11.65% | -2.44% |
Current DrawdownCurrent decline from peak | -1.40% | -5.34% | +3.94% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -8.29% | -2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 1.43% | -0.40% |
Volatility
JMBA.DE vs. BBLL.DE - Volatility Comparison
JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) and JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) have volatilities of 1.53% and 1.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMBA.DE | BBLL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.57% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 4.28% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.05% | 6.06% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.43% | 7.45% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 8.26% | +2.44% |
JMBA.DE vs. BBLL.DE - Expense Ratio Comparison
JMBA.DE has a 0.39% expense ratio, which is higher than BBLL.DE's 0.07% expense ratio.
Dividends
JMBA.DE vs. BBLL.DE - Dividend Comparison
Neither JMBA.DE nor BBLL.DE has paid dividends to shareholders.
Frequently Asked Questions
JMBA.DE and BBLL.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BBLL.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBLL.DE is cheaper with a 0.07% expense ratio, compared with 0.39% for JMBA.DE.
JMBA.DE is categorized as Emerging Markets Bonds, while BBLL.DE is Government Bonds. JMBA.DE tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index, while BBLL.DE tracks ICE US Treasury 0-1 Year Index. Their fees differ too: 0.39% for JMBA.DE and 0.07% for BBLL.DE.
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