VLEU.DE vs. BJLM.DE
VLEU.DE (BNP Paribas Easy ESG Low Volatility Europe UCITS ETF) and BJLM.DE (BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation) are both exchange-traded funds - VLEU.DE is a Europe Equities fund tracking the BNP Paribas Low Vol Europe ESG, while BJLM.DE is a European Government Bonds fund actively managed by BNP Paribas. VLEU.DE is passively managed, while BJLM.DE is actively managed. Over the past year, VLEU.DE returned 6.35% vs -0.14% for BJLM.DE. At a 0.31 correlation, their price movements are largely independent. VLEU.DE charges 0.30%/yr vs 0.12%/yr for BJLM.DE.
Performance
VLEU.DE vs. BJLM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VLEU.DE achieves a 4.90% return, which is significantly higher than BJLM.DE's 0.09% return.
VLEU.DE
- 1D
- 0.81%
- 1M
- 0.97%
- YTD
- 4.90%
- 6M
- 6.83%
- 1Y
- 6.35%
- 3Y*
- 10.05%
- 5Y*
- 7.63%
- 10Y*
- —
BJLM.DE
- 1D
- 0.07%
- 1M
- 0.52%
- YTD
- 0.09%
- 6M
- -0.00%
- 1Y
- -0.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VLEU.DE vs. BJLM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VLEU.DE BNP Paribas Easy ESG Low Volatility Europe UCITS ETF | 4.90% | 12.78% | 8.06% |
BJLM.DE BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation | 0.09% | 0.55% | 2.01% |
Correlation
The correlation between VLEU.DE and BJLM.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2024 | 0.31 |
The correlation between VLEU.DE and BJLM.DE shifts across timeframes, from 0.31 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VLEU.DE vs. BJLM.DE — Risk / Return Rank
VLEU.DE
BJLM.DE
VLEU.DE vs. BJLM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ESG Low Volatility Europe UCITS ETF (VLEU.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.
| VLEU.DE | BJLM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.00 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | -0.04 | +0.66 |
| Martin ratioReturn relative to average drawdown | 1.83 | -0.10 | +1.93 |
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
| VLEU.DE | BJLM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | -0.03 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.24 | +0.52 |
Drawdowns
VLEU.DE vs. BJLM.DE - Drawdown Comparison
The maximum VLEU.DE drawdown since its inception was -32.22%, 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 VLEU.DE and BJLM.DE.
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Drawdown Indicators
| VLEU.DE | BJLM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.22% | -3.87% | -28.35% |
Max Drawdown (1Y)Largest decline over 1 year | -10.14% | -3.33% | -6.81% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.89% | — | — |
Current DrawdownCurrent decline from peak | -4.49% | -1.97% | -2.52% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -1.31% | -4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 1.33% | +2.13% |
Volatility
VLEU.DE vs. BJLM.DE - Volatility Comparison
BNP Paribas Easy ESG Low Volatility Europe UCITS ETF (VLEU.DE) has a higher volatility of 3.76% compared to BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation (BJLM.DE) at 1.69%. This indicates that VLEU.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
| VLEU.DE | BJLM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 1.69% | +2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 4.12% | +5.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.54% | 4.70% | +6.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 4.84% | +9.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 4.84% | +11.73% |
VLEU.DE vs. BJLM.DE - Expense Ratio Comparison
VLEU.DE has a 0.30% expense ratio, which is higher than BJLM.DE's 0.12% expense ratio.
Dividends
VLEU.DE vs. BJLM.DE - Dividend Comparison
Neither VLEU.DE nor BJLM.DE has paid dividends to shareholders.
Frequently Asked Questions
VLEU.DE and BJLM.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BJLM.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BJLM.DE is cheaper with a 0.12% expense ratio, compared with 0.30% for VLEU.DE.
VLEU.DE is categorized as Europe Equities, while BJLM.DE is European Government Bonds. Their fees differ too: 0.30% for VLEU.DE and 0.12% for BJLM.DE.
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