EEXF.L vs. J15R.L

Last updated Jul 16, 2026

EEXF.L (iShares € Corp Bond ex-Financials UCITS ETF EUR (Dist)) and J15R.L (JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF) are both European Corporate Bonds funds - EEXF.L tracks the Bloomberg Euro Corporate ex-Financials Bond Index (EUR) while J15R.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR. Both are passively managed. Over the past 5 years, EEXF.L returned -0.93%/yr vs 0.93%/yr for J15R.L. Their correlation of 0.90 suggests significant overlap in exposure. EEXF.L charges 0.20%/yr vs 0.04%/yr for J15R.L.

Performance

EEXF.L vs. J15R.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares € Corp Bond ex-Financials UCITS ETF EUR (Dist) (EEXF.L) and JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (J15R.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EEXF.L achieves a -3.85% return, which is significantly lower than J15R.L's -2.34% return.

EEXF.L

• 1D: -0.68%
• 1M: -2.20%
• 6M: -3.46%
• YTD: -3.85%
• 1Y: -2.30%
• 3Y*: 3.04%
• 5Y*: -0.93%
• 10Y*: 0.60%

J15R.L

• 1D: -0.72%
• 1M: -1.96%
• 6M: -1.83%
• YTD: -2.34%
• 1Y: -0.52%
• 3Y*: 4.06%
• 5Y*: 0.93%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EEXF.L vs. J15R.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EEXF.L iShares € Corp Bond ex-Financials UCITS ETF EUR (Dist)	-3.85%	7.88%	-1.05%	5.23%	-8.74%	-7.78%	8.67%	1.04%	0.68%
J15R.L JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF	-2.34%	8.88%	-0.40%	4.16%	-2.63%	-6.93%	6.49%	-3.37%	-9.60%

Correlation

The correlation between EEXF.L and J15R.L is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Dec 5, 2018	0.90

The correlation between EEXF.L and J15R.L has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

Return for Risk

EEXF.L vs. J15R.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EEXF.L

EEXF.L Risk / Return Rank: 5
EEXF.L Sharpe Ratio Rank: 5
EEXF.L Sortino Ratio Rank: 5
EEXF.L Omega Ratio Rank: 5
EEXF.L Calmar Ratio Rank: 5
EEXF.L Martin Ratio Rank: 5

J15R.L

J15R.L Risk / Return Rank: 7
J15R.L Sharpe Ratio Rank: 8
J15R.L Sortino Ratio Rank: 7
J15R.L Omega Ratio Rank: 7
J15R.L Calmar Ratio Rank: 8
J15R.L Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EEXF.L vs. J15R.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares € Corp Bond ex-Financials UCITS ETF EUR (Dist) (EEXF.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EEXF.L	J15R.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	-0.13	-0.39
Sortino ratio: Return per unit of downside risk	-0.66	-0.15	-0.51
Omega ratio: Gain probability vs. loss probability	0.92	0.98	-0.06
Calmar ratio: Return relative to maximum drawdown	-0.48	-0.14	-0.34
Martin ratio: Return relative to average drawdown	-0.98	-0.34	-0.63

EEXF.L vs. J15R.L - Sharpe Ratio Comparison

The current EEXF.L Sharpe Ratio is -0.51, which is lower than the J15R.L Sharpe Ratio of -0.13. The chart below compares the historical Sharpe Ratios of EEXF.L and J15R.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EEXF.L vs. J15R.L - Drawdown Comparison

The maximum EEXF.L drawdown since its inception was -21.79%, which is greater than J15R.L's maximum drawdown of -19.54%. Use the drawdown chart below to compare losses from any high point for EEXF.L and J15R.L.

Drawdown Indicators

	EEXF.L	J15R.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.79%	-19.54%	-2.25%
Max Drawdown (1Y) Largest decline over 1 year	-5.22%	-3.66%	-1.56%
Max Drawdown (3Y) Largest decline over 3 years	-5.22%	-3.66%	-1.56%
Max Drawdown (5Y) Largest decline over 5 years	-17.09%	-10.32%	-6.77%
Max Drawdown (10Y) Largest decline over 10 years	-21.79%	—	—
Current Drawdown Current decline from peak	-10.99%	-7.00%	-3.99%
Average Drawdown Average peak-to-trough decline	-8.24%	-11.43%	+3.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	1.52%	+1.04%

Volatility

EEXF.L vs. J15R.L - Volatility Comparison

iShares € Corp Bond ex-Financials UCITS ETF EUR (Dist) (EEXF.L) has a higher volatility of 1.22% compared to JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (J15R.L) at 1.07%. This indicates that EEXF.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.

Volatility by Period

	EEXF.L	J15R.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.22%	1.07%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	4.02%	3.18%	+0.84%
Volatility (1Y) Calculated over the trailing 1-year period	4.88%	4.18%	+0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.29%	5.52%	+0.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.36%	7.37%	-0.01%

EEXF.L vs. J15R.L - Expense Ratio Comparison

EEXF.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

EEXF.L vs. J15R.L - Dividend Comparison

EEXF.L's dividend yield for the trailing twelve months is around 2.85%, while J15R.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EEXF.L iShares € Corp Bond ex-Financials UCITS ETF EUR (Dist)	2.85%	2.59%	2.30%	1.49%	0.86%	0.84%	0.86%	1.31%	1.34%	1.40%	1.70%	1.00%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EEXF.L and J15R.L in my portfolio?

With a correlation of 0.93, EEXF.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.

Which ETF is better, EEXF.L or J15R.L?

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.

Which ETF is cheaper, EEXF.L or J15R.L?

J15R.L is cheaper with a 0.04% expense ratio, compared with 0.20% for EEXF.L.

What is the main difference between EEXF.L and J15R.L?

EEXF.L tracks Bloomberg Euro Corporate ex-Financials Bond Index (EUR), while J15R.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.20% for EEXF.L and 0.04% for J15R.L.