SECD.DE vs. BJLM.DE
SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) and BJLM.DE (BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation) are both European Government Bonds funds. SECD.DE is passively managed, while BJLM.DE is actively managed. Over the past year, SECD.DE returned 0.36% vs 0.22% for BJLM.DE. With a 0.96 correlation, they move nearly in lockstep. SECD.DE charges 0.09%/yr vs 0.12%/yr for BJLM.DE.
Performance
SECD.DE vs. BJLM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SECD.DE achieves a 0.13% return, which is significantly higher than BJLM.DE's 0.09% return.
SECD.DE
- 1D
- 0.11%
- 1M
- -0.05%
- YTD
- 0.13%
- 6M
- 0.20%
- 1Y
- 0.36%
- 3Y*
- 2.34%
- 5Y*
- -2.19%
- 10Y*
- —
BJLM.DE
- 1D
- 0.07%
- 1M
- -0.00%
- YTD
- 0.09%
- 6M
- 0.09%
- 1Y
- 0.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SECD.DE vs. BJLM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 0.13% | 0.63% | 3.30% |
BJLM.DE BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation | 0.09% | 0.55% | 2.01% |
Correlation
The correlation between SECD.DE and BJLM.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2024 | 0.96 |
The correlation between SECD.DE and BJLM.DE has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
SECD.DE vs. BJLM.DE — Risk / Return Rank
SECD.DE
BJLM.DE
SECD.DE vs. BJLM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) and BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation (BJLM.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.
| SECD.DE | BJLM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.00 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | -0.04 | +0.03 |
| Martin ratioReturn relative to average drawdown | -0.02 | -0.10 | +0.08 |
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
| SECD.DE | BJLM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | -0.03 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.38 | 0.24 | -0.62 |
Drawdowns
SECD.DE vs. BJLM.DE - Drawdown Comparison
The maximum SECD.DE drawdown since its inception was -22.04%, which is greater than BJLM.DE's maximum drawdown of -3.87%. Use the drawdown chart below to compare losses from any high point for SECD.DE and BJLM.DE.
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Drawdown Indicators
| SECD.DE | BJLM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.04% | -3.87% | -18.17% |
Max Drawdown (1Y)Largest decline over 1 year | -3.41% | -3.33% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -3.96% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.21% | — | — |
Current DrawdownCurrent decline from peak | -13.67% | -1.97% | -11.70% |
Average DrawdownAverage peak-to-trough decline | -12.64% | -1.31% | -11.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.33% | 0.00% |
Volatility
SECD.DE vs. BJLM.DE - Volatility Comparison
iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) has a higher volatility of 1.78% compared to BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation (BJLM.DE) at 1.69%. This indicates that SECD.DE's price experiences larger fluctuations and is considered to be riskier than BJLM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SECD.DE | BJLM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 1.69% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 4.12% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 4.70% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 4.84% | +1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.02% | 4.84% | +1.18% |
SECD.DE vs. BJLM.DE - Expense Ratio Comparison
SECD.DE has a 0.09% expense ratio, which is lower than BJLM.DE's 0.12% 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
SECD.DE vs. BJLM.DE - Dividend Comparison
SECD.DE's dividend yield for the trailing twelve months is around 2.71%, while BJLM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BJLM.DE BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation | 0.00% | 0.00% | 0.00% | 0.00% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 2.71% | 2.59% | 2.30% | 1.17% |
Frequently Asked Questions
With a correlation of 0.92, SECD.DE and BJLM.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SECD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SECD.DE is cheaper with a 0.09% expense ratio, compared with 0.12% for BJLM.DE.
They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.09% for SECD.DE and 0.12% for BJLM.DE.
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