CBSE.L vs. J15R.L
CBSE.L (UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis) and J15R.L (JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF) are both European Corporate Bonds funds - CBSE.L tracks the Bloomberg Euro Corp TR EUR while J15R.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR. Both are passively managed. Over the past 5 years, CBSE.L returned -0.11%/yr vs 1.30%/yr for J15R.L. Their correlation of 0.90 suggests significant overlap in exposure. CBSE.L charges 0.20%/yr vs 0.04%/yr for J15R.L.
Performance
CBSE.L vs. J15R.L - Performance Comparison
Loading charts...
Different Trading Currencies
CBSE.L is traded in GBp, while J15R.L is traded in GBP. To make them comparable, the J15R.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CBSE.L achieves a -0.42% return, which is significantly higher than J15R.L's -0.52% return.
CBSE.L
- 1D
- 0.27%
- 1M
- 1.08%
- YTD
- -0.42%
- 6M
- -0.53%
- 1Y
- 4.75%
- 3Y*
- 5.05%
- 5Y*
- -0.11%
- 10Y*
- —
J15R.L
- 1D
- 0.23%
- 1M
- 0.89%
- YTD
- -0.52%
- 6M
- -0.43%
- 1Y
- 4.87%
- 3Y*
- 4.41%
- 5Y*
- 1.30%
- 10Y*
- —
CBSE.L vs. J15R.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CBSE.L UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis | -0.42% | 8.60% | -0.00% | 5.96% | -10.95% | -7.70% | 8.93% | 2.37% | -0.08% |
J15R.L JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF | -0.52% | 8.88% | -0.40% | 4.16% | -2.63% | -6.93% | 6.49% | -3.37% | 0.59% |
Correlation
The correlation between CBSE.L and J15R.L is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.90 |
The correlation between CBSE.L and J15R.L has been stable across timeframes, ranging from 0.90 to 0.95 - 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
CBSE.L vs. J15R.L — Risk / Return Rank
CBSE.L
J15R.L
CBSE.L vs. J15R.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis (CBSE.L) and JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (J15R.L). 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.
| CBSE.L | J15R.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.19 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.45 | -0.30 |
| Martin ratioReturn relative to average drawdown | 2.96 | 3.71 | -0.75 |
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
| CBSE.L | J15R.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.13 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.24 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.11 | +0.06 |
Drawdowns
CBSE.L vs. J15R.L - Drawdown Comparison
The maximum CBSE.L drawdown since its inception was -24.02%, which is greater than J15R.L's maximum drawdown of -16.15%. Use the drawdown chart below to compare losses from any high point for CBSE.L and J15R.L.
Loading charts...
Drawdown Indicators
| CBSE.L | J15R.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.02% | -16.15% | -7.87% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | -3.35% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -4.12% | -3.35% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -19.55% | -10.32% | -9.23% |
Current DrawdownCurrent decline from peak | -7.66% | -1.85% | -5.81% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -7.53% | -2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.31% | +0.29% |
Volatility
CBSE.L vs. J15R.L - Volatility Comparison
UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis (CBSE.L) has a higher volatility of 1.58% compared to JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (J15R.L) at 1.27%. This indicates that CBSE.L's price experiences larger fluctuations and is considered to be riskier than J15R.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CBSE.L | J15R.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 1.27% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 3.79% | 3.12% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.87% | 4.31% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.43% | 5.47% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.44% | 6.42% | +1.02% |
CBSE.L vs. J15R.L - Expense Ratio Comparison
CBSE.L has a 0.20% expense ratio, which is higher than J15R.L's 0.04% 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
CBSE.L vs. J15R.L - Dividend Comparison
CBSE.L's dividend yield for the trailing twelve months is around 3.50%, while J15R.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CBSE.L UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis | 3.50% | 3.72% | 3.18% | 1.80% | 0.58% | 0.59% | 0.61% | 1.03% | 1.42% | 0.48% |
J15R.L JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, CBSE.L and J15R.L 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, J15R.L is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
J15R.L is cheaper with a 0.04% expense ratio, compared with 0.20% for CBSE.L.
CBSE.L tracks Bloomberg Euro Corp TR EUR, while J15R.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR. They also come from different issuers: UBS and JPMorgan. Their fees differ too: 0.20% for CBSE.L and 0.04% for J15R.L.
Find the right allocation for CBSE.L and J15R.L
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