JPBM.DE vs. BBLL.DE
JPBM.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) and BBLL.DE (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) are both exchange-traded funds - JPBM.DE is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD, 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, JPBM.DE returned 1.97%/yr vs 4.31%/yr for BBLL.DE. At a 0.45 correlation, their price movements are largely independent. JPBM.DE charges 0.39%/yr vs 0.07%/yr for BBLL.DE.
Performance
JPBM.DE vs. BBLL.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JPBM.DE having a 2.71% return and BBLL.DE slightly lower at 2.66%.
JPBM.DE
- 1D
- 0.15%
- 1M
- 1.60%
- YTD
- 2.71%
- 6M
- 1.92%
- 1Y
- 8.68%
- 3Y*
- 4.41%
- 5Y*
- 1.97%
- 10Y*
- —
BBLL.DE
- 1D
- -0.11%
- 1M
- 1.43%
- YTD
- 2.66%
- 6M
- 1.86%
- 1Y
- 2.34%
- 3Y*
- 1.85%
- 5Y*
- 4.31%
- 10Y*
- —
JPBM.DE vs. BBLL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 2.71% | 0.17% | 7.28% | 5.27% | -10.98% | 4.83% | -4.56% | 5.05% |
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 2.66% | -7.37% | 11.29% | 1.32% | 7.29% | 8.35% | -8.23% | 1.14% |
Correlation
The correlation between JPBM.DE and BBLL.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.45 |
The correlation between JPBM.DE and BBLL.DE shifts across timeframes, from 0.43 (5 years) to 0.56 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JPBM.DE vs. BBLL.DE — Risk / Return Rank
JPBM.DE
BBLL.DE
JPBM.DE vs. BBLL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.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.
| JPBM.DE | BBLL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.06 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 0.62 | +2.05 |
| Martin ratioReturn relative to average drawdown | 7.31 | 1.30 | +6.01 |
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
| JPBM.DE | BBLL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 0.34 | +1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.57 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.29 | +0.01 |
Drawdowns
JPBM.DE vs. BBLL.DE - Drawdown Comparison
The maximum JPBM.DE drawdown since its inception was -25.97%, which is greater than BBLL.DE's maximum drawdown of -13.03%. Use the drawdown chart below to compare losses from any high point for JPBM.DE and BBLL.DE.
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Drawdown Indicators
| JPBM.DE | BBLL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.97% | -13.03% | -12.94% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -3.38% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -11.65% | -0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | -11.65% | -2.66% |
Current DrawdownCurrent decline from peak | -2.60% | -7.22% | +4.62% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -6.14% | -2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.61% | -0.47% |
Volatility
JPBM.DE vs. BBLL.DE - Volatility Comparison
The current volatility for JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE) is 1.12%, while JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) has a volatility of 1.28%. This indicates that JPBM.DE experiences smaller price fluctuations and is considered to be less risky than BBLL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPBM.DE | BBLL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.28% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | 4.12% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 6.07% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.51% | 7.46% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.71% | 7.22% | +2.49% |
JPBM.DE vs. BBLL.DE - Expense Ratio Comparison
JPBM.DE has a 0.39% expense ratio, which is higher than BBLL.DE's 0.07% expense ratio.
Dividends
JPBM.DE vs. BBLL.DE - Dividend Comparison
JPBM.DE's dividend yield for the trailing twelve months is around 5.09%, while BBLL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 5.09% | 5.54% | 5.26% | 5.00% | 5.33% | 3.35% | 3.87% | 3.92% | 2.69% |
Frequently Asked Questions
JPBM.DE and BBLL.DE have a correlation of 0.56, 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 JPBM.DE.
JPBM.DE is categorized as Emerging Markets Bonds, while BBLL.DE is Government Bonds. JPBM.DE tracks JPM EMBI Global Diversified TR USD, while BBLL.DE tracks ICE US Treasury 0-1 Year Index. Their fees differ too: 0.39% for JPBM.DE and 0.07% for BBLL.DE.
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