XBAT.DE vs. JE13.DE
XBAT.DE (Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF) and JE13.DE (JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc)) are both European Government Bonds funds - XBAT.DE tracks the iBoxx® EUR Sovereigns Eurozone AAA while JE13.DE tracks the JP Morgan EMU Government Bond 1-3. Both are passively managed. Over the past 5 years, XBAT.DE returned -2.38%/yr vs 0.62%/yr for JE13.DE. A 0.65 correlation means they provide meaningful diversification when combined. XBAT.DE charges 0.15%/yr vs 0.10%/yr for JE13.DE.
Performance
XBAT.DE vs. JE13.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XBAT.DE achieves a -0.07% return, which is significantly lower than JE13.DE's 0.06% return.
XBAT.DE
- 1D
- 0.03%
- 1M
- -0.05%
- YTD
- -0.07%
- 6M
- 0.03%
- 1Y
- 1.01%
- 3Y*
- 2.22%
- 5Y*
- -2.38%
- 10Y*
- -0.93%
JE13.DE
- 1D
- 0.05%
- 1M
- 0.04%
- YTD
- 0.06%
- 6M
- 0.18%
- 1Y
- 0.97%
- 3Y*
- 2.63%
- 5Y*
- 0.62%
- 10Y*
- —
XBAT.DE vs. JE13.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XBAT.DE Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF | -0.07% | 2.47% | 0.18% | 3.80% | -17.06% | -2.84% | 2.81% | 2.99% | 3.35% |
JE13.DE JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) | 0.06% | 2.30% | 2.97% | 3.44% | -4.96% | -0.81% | -0.05% | 0.23% | -0.07% |
Correlation
The correlation between XBAT.DE and JE13.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2018 | 0.65 |
Over the past year, XBAT.DE and JE13.DE have become more correlated (0.88) than their long-term average of 0.65, meaning their price movements have been converging.
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Return for Risk
XBAT.DE vs. JE13.DE — Risk / Return Rank
XBAT.DE
JE13.DE
XBAT.DE vs. JE13.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF (XBAT.DE) and JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) (JE13.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.
| XBAT.DE | JE13.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.12 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 0.62 | -0.28 |
| Martin ratioReturn relative to average drawdown | 1.05 | 2.01 | -0.96 |
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
| XBAT.DE | JE13.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 0.61 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | 0.36 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.23 | -0.05 |
Drawdowns
XBAT.DE vs. JE13.DE - Drawdown Comparison
The maximum XBAT.DE drawdown since its inception was -24.48%, which is greater than JE13.DE's maximum drawdown of -6.90%. Use the drawdown chart below to compare losses from any high point for XBAT.DE and JE13.DE.
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Drawdown Indicators
| XBAT.DE | JE13.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.48% | -6.90% | -17.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.01% | -1.28% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -4.50% | -1.28% | -3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -21.97% | -6.01% | -15.96% |
Max Drawdown (10Y)Largest decline over 10 years | -24.48% | — | — |
Current DrawdownCurrent decline from peak | -16.49% | -0.54% | -15.95% |
Average DrawdownAverage peak-to-trough decline | -6.97% | -1.76% | -5.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.40% | +0.27% |
Volatility
XBAT.DE vs. JE13.DE - Volatility Comparison
Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF (XBAT.DE) has a higher volatility of 0.75% compared to JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) (JE13.DE) at 0.46%. This indicates that XBAT.DE's price experiences larger fluctuations and is considered to be riskier than JE13.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBAT.DE | JE13.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 0.46% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 1.93% | 1.21% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.23% | 1.32% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 1.71% | +4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.39% | 1.52% | +3.87% |
XBAT.DE vs. JE13.DE - Expense Ratio Comparison
XBAT.DE has a 0.15% expense ratio, which is higher than JE13.DE's 0.10% 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
XBAT.DE vs. JE13.DE - Dividend Comparison
Neither XBAT.DE nor JE13.DE has paid dividends to shareholders.
Frequently Asked Questions
XBAT.DE and JE13.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JE13.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JE13.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for XBAT.DE.
XBAT.DE tracks iBoxx® EUR Sovereigns Eurozone AAA, while JE13.DE tracks JP Morgan EMU Government Bond 1-3. They also come from different issuers: Xtrackers and JPMorgan. Their fees differ too: 0.15% for XBAT.DE and 0.10% for JE13.DE.
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