COVR.DE vs. JER5.DE
COVR.DE (PIMCO Covered Bond UCITS ETF Dist) and JER5.DE (JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF) are both European Corporate Bonds funds - COVR.DE tracks the PIMCO Covered Bond while JER5.DE tracks the JP Morgan EUR Corporate Bond 1-5 Research Enhanced Index (ESG). Both are passively managed. Over the past 5 years, COVR.DE returned -0.49%/yr vs 1.14%/yr for JER5.DE. A 0.65 correlation means they provide meaningful diversification when combined. COVR.DE charges 0.43%/yr vs 0.04%/yr for JER5.DE.
Performance
COVR.DE vs. JER5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, COVR.DE achieves a -0.22% return, which is significantly lower than JER5.DE's 0.48% return.
COVR.DE
- 1D
- -0.00%
- 1M
- 0.10%
- YTD
- -0.22%
- 6M
- -0.38%
- 1Y
- 0.96%
- 3Y*
- 3.61%
- 5Y*
- -0.49%
- 10Y*
- 0.53%
JER5.DE
- 1D
- 0.06%
- 1M
- 0.25%
- YTD
- 0.48%
- 6M
- 0.48%
- 1Y
- 2.20%
- 3Y*
- 4.31%
- 5Y*
- 1.14%
- 10Y*
- —
COVR.DE vs. JER5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
COVR.DE PIMCO Covered Bond UCITS ETF Dist | -0.22% | 2.66% | 3.80% | 6.11% | -12.85% | -2.27% | 3.03% | 3.98% | 0.10% |
JER5.DE JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF | 0.48% | 3.43% | 4.31% | 6.22% | -7.82% | -0.27% | 0.75% | 2.43% | 0.19% |
Correlation
The correlation between COVR.DE and JER5.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.65 |
The correlation between COVR.DE and JER5.DE shifts across timeframes, from 0.60 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
COVR.DE vs. JER5.DE — Risk / Return Rank
COVR.DE
JER5.DE
COVR.DE vs. JER5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Covered Bond UCITS ETF Dist (COVR.DE) and JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (JER5.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.
| COVR.DE | JER5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.21 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 1.04 | -0.81 |
| Martin ratioReturn relative to average drawdown | 0.65 | 3.74 | -3.09 |
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
| COVR.DE | JER5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 1.05 | -0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | 0.44 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.39 | -0.18 |
Drawdowns
COVR.DE vs. JER5.DE - Drawdown Comparison
The maximum COVR.DE drawdown since its inception was -16.36%, which is greater than JER5.DE's maximum drawdown of -10.17%. Use the drawdown chart below to compare losses from any high point for COVR.DE and JER5.DE.
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Drawdown Indicators
| COVR.DE | JER5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.36% | -10.17% | -6.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -1.98% | -0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -2.85% | -1.98% | -0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -15.69% | -10.17% | -5.52% |
Max Drawdown (10Y)Largest decline over 10 years | -16.36% | — | — |
Current DrawdownCurrent decline from peak | -4.21% | -0.46% | -3.75% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -2.25% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.55% | +0.45% |
Volatility
COVR.DE vs. JER5.DE - Volatility Comparison
PIMCO Covered Bond UCITS ETF Dist (COVR.DE) has a higher volatility of 0.92% compared to JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (JER5.DE) at 0.58%. This indicates that COVR.DE's price experiences larger fluctuations and is considered to be riskier than JER5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COVR.DE | JER5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 0.58% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 1.73% | +0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.48% | 1.96% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.77% | 2.55% | +1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.98% | 3.10% | -0.12% |
COVR.DE vs. JER5.DE - Expense Ratio Comparison
COVR.DE has a 0.43% expense ratio, which is higher than JER5.DE's 0.04% expense ratio.
Dividends
COVR.DE vs. JER5.DE - Dividend Comparison
COVR.DE's dividend yield for the trailing twelve months is around 2.49%, while JER5.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COVR.DE PIMCO Covered Bond UCITS ETF Dist | 2.49% | 2.43% | 1.66% | 0.56% | 0.00% | 0.00% | 0.42% | 1.20% | 0.78% | 0.57% | 0.74% | 0.86% |
JER5.DE 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% | 0.00% | 0.00% |
Frequently Asked Questions
COVR.DE and JER5.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JER5.DE is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JER5.DE is cheaper with a 0.04% expense ratio, compared with 0.43% for COVR.DE.
COVR.DE tracks PIMCO Covered Bond, while JER5.DE tracks JP Morgan EUR Corporate Bond 1-5 Research Enhanced Index (ESG). They also come from different issuers: PIMCO and JPMorgan. Their fees differ too: 0.43% for COVR.DE and 0.04% for JER5.DE.
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