X03B.DE vs. BJLM.DE
X03B.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) and BJLM.DE (BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation) are both European Government Bonds funds. X03B.DE is passively managed, while BJLM.DE is actively managed. Over the past year, X03B.DE returned 0.95% vs 0.22% for BJLM.DE. A 0.79 correlation means they provide meaningful diversification when combined. X03B.DE charges 0.15%/yr vs 0.12%/yr for BJLM.DE.
Performance
X03B.DE vs. BJLM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, X03B.DE achieves a 0.05% return, which is significantly lower than BJLM.DE's 0.09% return.
X03B.DE
- 1D
- 0.04%
- 1M
- 0.05%
- YTD
- 0.05%
- 6M
- 0.20%
- 1Y
- 0.95%
- 3Y*
- 2.63%
- 5Y*
- 0.68%
- 10Y*
- 0.23%
BJLM.DE
- 1D
- 0.07%
- 1M
- -0.00%
- YTD
- 0.09%
- 6M
- 0.09%
- 1Y
- 0.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
X03B.DE vs. BJLM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.05% | 2.25% | 3.43% |
BJLM.DE BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation | 0.09% | 0.55% | 2.01% |
Correlation
The correlation between X03B.DE and BJLM.DE is 0.74, 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 | 0.74 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2024 | 0.79 |
The correlation between X03B.DE and BJLM.DE has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.
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Return for Risk
X03B.DE vs. BJLM.DE — Risk / Return Rank
X03B.DE
BJLM.DE
X03B.DE vs. BJLM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.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.
| X03B.DE | BJLM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.00 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | -0.04 | +0.67 |
| Martin ratioReturn relative to average drawdown | 2.04 | -0.10 | +2.14 |
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
| X03B.DE | BJLM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | -0.03 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.24 | +0.33 |
Drawdowns
X03B.DE vs. BJLM.DE - Drawdown Comparison
The maximum X03B.DE drawdown since its inception was -6.78%, 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 X03B.DE and BJLM.DE.
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Drawdown Indicators
| X03B.DE | BJLM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.78% | -3.87% | -2.91% |
Max Drawdown (1Y)Largest decline over 1 year | -1.28% | -3.33% | +2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -1.28% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -5.67% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -6.78% | — | — |
Current DrawdownCurrent decline from peak | -0.51% | -1.97% | +1.46% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -1.31% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 1.33% | -0.93% |
Volatility
X03B.DE vs. BJLM.DE - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.DE) is 0.50%, while BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation (BJLM.DE) has a volatility of 1.69%. This indicates that X03B.DE experiences smaller price fluctuations and is considered to be less risky 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
| X03B.DE | BJLM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 1.69% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 1.20% | 4.12% | -2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 4.70% | -3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.63% | 4.84% | -3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.32% | 4.84% | -3.52% |
X03B.DE vs. BJLM.DE - Expense Ratio Comparison
X03B.DE has a 0.15% expense ratio, which is higher than BJLM.DE's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
X03B.DE vs. BJLM.DE - Dividend Comparison
X03B.DE's dividend yield for the trailing twelve months is around 1.53%, while BJLM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 1.53% | 1.39% | 0.98% | 0.28% | 0.12% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.66% |
Frequently Asked Questions
X03B.DE and BJLM.DE have a correlation of 0.74, 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 0.15% for X03B.DE.
They also come from different issuers: Xtrackers and BNP Paribas. Their fees differ too: 0.15% for X03B.DE and 0.12% for BJLM.DE.
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