VGEB.DE vs. BBEG.DE
VGEB.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) and BBEG.DE (JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc)) are both European Government Bonds funds - VGEB.DE tracks the Bloomberg Euro Aggregate Treasury while BBEG.DE tracks the JP Morgan EMU Government Bond. Both are passively managed. Over the past 5 years, VGEB.DE returned -2.17%/yr vs -2.32%/yr for BBEG.DE. With a 0.99 correlation, they move nearly in lockstep. VGEB.DE charges 0.07%/yr vs 0.10%/yr for BBEG.DE.
Performance
VGEB.DE vs. BBEG.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VGEB.DE achieves a 0.13% return, which is significantly lower than BBEG.DE's 0.14% return.
VGEB.DE
- 1D
- 0.03%
- 1M
- 0.00%
- YTD
- 0.13%
- 6M
- 0.18%
- 1Y
- 0.31%
- 3Y*
- 2.38%
- 5Y*
- -2.17%
- 10Y*
- —
BBEG.DE
- 1D
- 0.09%
- 1M
- -0.04%
- YTD
- 0.14%
- 6M
- 0.14%
- 1Y
- 0.29%
- 3Y*
- 2.32%
- 5Y*
- -2.32%
- 10Y*
- —
VGEB.DE vs. BBEG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 0.13% | 0.69% | 1.55% | 6.99% | -18.10% | -3.26% | 4.75% | 4.23% |
BBEG.DE JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) | 0.14% | 0.60% | 1.39% | 6.92% | -18.49% | -3.37% | 4.88% | 4.27% |
Correlation
The correlation between VGEB.DE and BBEG.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since May 7, 2019 | 0.99 |
The correlation between VGEB.DE and BBEG.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VGEB.DE vs. BBEG.DE — Risk / Return Rank
VGEB.DE
BBEG.DE
VGEB.DE vs. BBEG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE) and JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) (BBEG.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.
| VGEB.DE | BBEG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.00 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | -0.03 | 0.00 |
| Martin ratioReturn relative to average drawdown | -0.06 | -0.06 | 0.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VGEB.DE | BBEG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | -0.02 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | -0.36 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | -0.14 | +0.11 |
Drawdowns
VGEB.DE vs. BBEG.DE - Drawdown Comparison
The maximum VGEB.DE drawdown since its inception was -22.15%, roughly equal to the maximum BBEG.DE drawdown of -22.76%. Use the drawdown chart below to compare losses from any high point for VGEB.DE and BBEG.DE.
Loading charts...
Drawdown Indicators
| VGEB.DE | BBEG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.15% | -22.76% | +0.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -3.44% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -4.11% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -21.25% | -21.83% | +0.58% |
Current DrawdownCurrent decline from peak | -13.65% | -14.39% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -10.84% | +2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.38% | -0.03% |
Volatility
VGEB.DE vs. BBEG.DE - Volatility Comparison
Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE) and JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) (BBEG.DE) have volatilities of 1.63% and 1.69%, 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.
Loading charts...
Volatility by Period
| VGEB.DE | BBEG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 1.69% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.47% | 3.56% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 4.30% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 6.43% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 5.98% | -0.46% |
VGEB.DE vs. BBEG.DE - Expense Ratio Comparison
VGEB.DE has a 0.07% expense ratio, which is lower than BBEG.DE's 0.10% 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
VGEB.DE vs. BBEG.DE - Dividend Comparison
VGEB.DE's dividend yield for the trailing twelve months is around 2.89%, while BBEG.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BBEG.DE JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 2.89% | 2.88% | 2.56% | 1.96% | 0.66% | 0.08% | 0.19% | 0.74% | 0.80% | 0.09% |
Frequently Asked Questions
With a correlation of 0.98, VGEB.DE and BBEG.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, VGEB.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEB.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for BBEG.DE.
VGEB.DE tracks Bloomberg Euro Aggregate Treasury, while BBEG.DE tracks JP Morgan EMU Government Bond. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.07% for VGEB.DE and 0.10% for BBEG.DE.
Find the right allocation for VGEB.DE and BBEG.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer