EHBA.DE vs. JER5.DE
EHBA.DE (Invesco Euro Corporate Hybrid Bond UCITS ETF Acc) and JER5.DE (JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF) are both European Corporate Bonds funds - EHBA.DE tracks the Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index 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, EHBA.DE returned 1.96%/yr vs 1.24%/yr for JER5.DE. At a 0.43 correlation, their price movements are largely independent. EHBA.DE charges 0.39%/yr vs 0.04%/yr for JER5.DE.
Performance
EHBA.DE vs. JER5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EHBA.DE achieves a 1.67% return, which is significantly higher than JER5.DE's 1.01% return.
EHBA.DE
- 1D
- 0.09%
- 1M
- 0.76%
- 6M
- 1.90%
- YTD
- 1.67%
- 1Y
- 3.82%
- 3Y*
- 8.32%
- 5Y*
- 1.96%
- 10Y*
- —
JER5.DE
- 1D
- -0.09%
- 1M
- 0.58%
- 6M
- 0.91%
- YTD
- 1.01%
- 1Y
- 2.03%
- 3Y*
- 4.59%
- 5Y*
- 1.24%
- 10Y*
- —
EHBA.DE vs. JER5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EHBA.DE Invesco Euro Corporate Hybrid Bond UCITS ETF Acc | 1.67% | 5.24% | 10.78% | 9.40% | -14.85% | 1.16% | 3.63% |
JER5.DE JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF | 1.01% | 3.43% | 4.31% | 6.23% | -7.82% | -0.26% | 0.77% |
Correlation
The correlation between EHBA.DE and JER5.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.43 |
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Return for Risk
EHBA.DE vs. JER5.DE — Risk / Return Rank
EHBA.DE
JER5.DE
EHBA.DE vs. JER5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.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.
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.
| EHBA.DE | JER5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 1.02 | 0.00 |
| Martin ratioReturn relative to average drawdown | 3.64 | 3.62 | +0.02 |
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Drawdowns
EHBA.DE vs. JER5.DE - Drawdown Comparison
The maximum EHBA.DE drawdown since its inception was -20.61%, 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 EHBA.DE and JER5.DE.
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Drawdown Indicators
| EHBA.DE | JER5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.61% | -10.17% | -10.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.72% | -1.98% | -1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -3.72% | -1.98% | -1.74% |
Max Drawdown (5Y)Largest decline over 5 years | -20.61% | -10.17% | -10.44% |
Current DrawdownCurrent decline from peak | -0.28% | -0.09% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -2.22% | -3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.56% | +0.49% |
Volatility
EHBA.DE vs. JER5.DE - Volatility Comparison
Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE) has a higher volatility of 1.12% compared to JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (JER5.DE) at 0.48%. This indicates that EHBA.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
| EHBA.DE | JER5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 0.48% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 3.66% | 1.75% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 1.98% | +2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.03% | 2.56% | +2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 3.08% | +1.75% |
EHBA.DE vs. JER5.DE - Expense Ratio Comparison
EHBA.DE has a 0.39% expense ratio, which is higher than JER5.DE's 0.04% expense ratio.
Dividends
EHBA.DE vs. JER5.DE - Dividend Comparison
Neither EHBA.DE nor JER5.DE has paid dividends to shareholders.
Frequently Asked Questions
EHBA.DE and JER5.DE have a correlation of 0.46, 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 0.39% for EHBA.DE.
EHBA.DE tracks Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index, while JER5.DE tracks JP Morgan EUR Corporate Bond 1-5 Research Enhanced Index (ESG). They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.39% for EHBA.DE and 0.04% for JER5.DE.
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