VGOV.DE vs. BJLM.DE
VGOV.DE (Vanguard UK Gilt UCITS ETF Distributing) and BJLM.DE (BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation) are both European Government Bonds funds. VGOV.DE is passively managed, while BJLM.DE is actively managed. Over the past year, VGOV.DE returned -0.62% vs 0.22% for BJLM.DE. A 0.68 correlation means they provide meaningful diversification when combined. VGOV.DE charges 0.07%/yr vs 0.12%/yr for BJLM.DE.
Performance
VGOV.DE vs. BJLM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGOV.DE achieves a -0.51% return, which is significantly lower than BJLM.DE's 0.09% return.
VGOV.DE
- 1D
- 0.07%
- 1M
- 0.49%
- YTD
- -0.51%
- 6M
- -0.16%
- 1Y
- -0.62%
- 3Y*
- 2.00%
- 5Y*
- -5.47%
- 10Y*
- —
BJLM.DE
- 1D
- 0.07%
- 1M
- -0.00%
- YTD
- 0.09%
- 6M
- 0.09%
- 1Y
- 0.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGOV.DE vs. BJLM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VGOV.DE Vanguard UK Gilt UCITS ETF Distributing | -0.51% | 0.18% | 2.34% |
BJLM.DE BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation | 0.09% | 0.55% | 2.01% |
Correlation
The correlation between VGOV.DE and BJLM.DE is 0.64, 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 | 0.64 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2024 | 0.68 |
The correlation between VGOV.DE and BJLM.DE has been stable across timeframes, ranging from 0.64 to 0.68 - a consistent structural relationship.
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Return for Risk
VGOV.DE vs. BJLM.DE — Risk / Return Rank
VGOV.DE
BJLM.DE
VGOV.DE vs. BJLM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard UK Gilt UCITS ETF Distributing (VGOV.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.
| VGOV.DE | BJLM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.00 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | -0.04 | -0.09 |
| Martin ratioReturn relative to average drawdown | -0.29 | -0.10 | -0.19 |
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
| VGOV.DE | BJLM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | -0.03 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | 0.24 | -0.37 |
Drawdowns
VGOV.DE vs. BJLM.DE - Drawdown Comparison
The maximum VGOV.DE drawdown since its inception was -40.95%, 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 VGOV.DE and BJLM.DE.
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Drawdown Indicators
| VGOV.DE | BJLM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.95% | -3.87% | -37.08% |
Max Drawdown (1Y)Largest decline over 1 year | -5.37% | -3.33% | -2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -9.01% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.45% | — | — |
Current DrawdownCurrent decline from peak | -30.35% | -1.97% | -28.38% |
Average DrawdownAverage peak-to-trough decline | -16.60% | -1.31% | -15.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 1.33% | +1.02% |
Volatility
VGOV.DE vs. BJLM.DE - Volatility Comparison
Vanguard UK Gilt UCITS ETF Distributing (VGOV.DE) has a higher volatility of 3.34% compared to BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation (BJLM.DE) at 1.69%. This indicates that VGOV.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
| VGOV.DE | BJLM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 1.69% | +1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 6.15% | 4.12% | +2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.99% | 4.70% | +3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.87% | 4.84% | +8.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.86% | 4.84% | +7.02% |
VGOV.DE vs. BJLM.DE - Expense Ratio Comparison
VGOV.DE has a 0.07% 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
VGOV.DE vs. BJLM.DE - Dividend Comparison
VGOV.DE's dividend yield for the trailing twelve months is around 4.59%, while BJLM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BJLM.DE BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGOV.DE Vanguard UK Gilt UCITS ETF Distributing | 4.59% | 4.59% | 4.08% | 3.17% | 1.94% | 1.07% | 1.18% | 1.34% | 1.60% | 0.27% |
Frequently Asked Questions
VGOV.DE and BJLM.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGOV.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGOV.DE is cheaper with a 0.07% expense ratio, compared with 0.12% for BJLM.DE.
They also come from different issuers: Vanguard and BNP Paribas. Their fees differ too: 0.07% for VGOV.DE and 0.12% for BJLM.DE.
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