EUCO.L vs. JR15.L
EUCO.L (SPDR Bloomberg Euro Corporate Bond UCITS ETF) and JR15.L (JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc)) are both European Corporate Bonds funds. EUCO.L is passively managed, while JR15.L is actively managed. Over the past 5 years, EUCO.L returned -0.18%/yr vs 1.11%/yr for JR15.L. Their correlation of 0.82 suggests significant overlap in exposure. EUCO.L charges 0.12%/yr vs 0.04%/yr for JR15.L.
Performance
EUCO.L vs. JR15.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EUCO.L having a 0.44% return and JR15.L slightly higher at 0.45%.
EUCO.L
- 1D
- -0.04%
- 1M
- -0.47%
- 6M
- 0.16%
- YTD
- 0.44%
- 1Y
- 1.25%
- 3Y*
- 4.23%
- 5Y*
- -0.18%
- 10Y*
- 0.76%
JR15.L
- 1D
- -0.06%
- 1M
- -0.24%
- 6M
- 0.24%
- YTD
- 0.45%
- 1Y
- 1.52%
- 3Y*
- 4.16%
- 5Y*
- 1.11%
- 10Y*
- —
EUCO.L vs. JR15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EUCO.L SPDR Bloomberg Euro Corporate Bond UCITS ETF | 0.44% | 2.90% | 4.47% | 7.64% | -13.68% | -1.22% | 2.64% | 6.22% | 0.28% |
JR15.L JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc) | 0.45% | 3.45% | 4.35% | 6.21% | -7.76% | -0.38% | 0.84% | 2.40% | 0.22% |
Correlation
The correlation between EUCO.L and JR15.L is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2018 | 0.82 |
The correlation between EUCO.L and JR15.L has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
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Return for Risk
EUCO.L vs. JR15.L — Risk / Return Rank
EUCO.L
JR15.L
EUCO.L vs. JR15.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Euro Corporate Bond UCITS ETF (EUCO.L) and JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc) (JR15.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.
| EUCO.L | JR15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.16 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 0.77 | -0.30 |
| Martin ratioReturn relative to average drawdown | 1.56 | 2.77 | -1.21 |
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Drawdowns
EUCO.L vs. JR15.L - Drawdown Comparison
The maximum EUCO.L drawdown since its inception was -17.53%, which is greater than JR15.L's maximum drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for EUCO.L and JR15.L.
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Drawdown Indicators
| EUCO.L | JR15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.53% | -10.19% | -7.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -1.97% | -0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -2.67% | -1.97% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -17.53% | -10.19% | -7.34% |
Max Drawdown (10Y)Largest decline over 10 years | -17.53% | — | — |
Current DrawdownCurrent decline from peak | -1.55% | -0.57% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -2.18% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.55% | +0.25% |
Volatility
EUCO.L vs. JR15.L - Volatility Comparison
SPDR Bloomberg Euro Corporate Bond UCITS ETF (EUCO.L) has a higher volatility of 0.82% compared to JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc) (JR15.L) at 0.51%. This indicates that EUCO.L's price experiences larger fluctuations and is considered to be riskier than JR15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUCO.L | JR15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 0.51% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 1.80% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.21% | 1.95% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.54% | 2.56% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.45% | 3.11% | +1.34% |
EUCO.L vs. JR15.L - Expense Ratio Comparison
EUCO.L has a 0.12% expense ratio, which is higher than JR15.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
EUCO.L vs. JR15.L - Dividend Comparison
EUCO.L's dividend yield for the trailing twelve months is around 3.26%, while JR15.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUCO.L SPDR Bloomberg Euro Corporate Bond UCITS ETF | 3.26% | 3.25% | 3.07% | 2.13% | 0.96% | 0.89% | 0.86% | 0.92% | 0.89% | 1.21% | 1.36% | 1.71% |
JR15.L JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc) | 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
EUCO.L and JR15.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JR15.L is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JR15.L is cheaper with a 0.04% expense ratio, compared with 0.12% for EUCO.L.
They also come from different issuers: State Street and JPMorgan. Their fees differ too: 0.12% for EUCO.L and 0.04% for JR15.L.
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