FLO5.L vs. JEBP.L
FLO5.L (iShares USD Floating Rate Bond UCITS ETF) and JEBP.L (JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc)) are both Corporate Bonds funds. FLO5.L is passively managed, while JEBP.L is actively managed. Over the past 3 years, FLO5.L returned 4.56%/yr vs 6.06%/yr for JEBP.L. At a correlation of -0.25, they often move in opposite directions. FLO5.L charges 0.10%/yr vs 0.04%/yr for JEBP.L.
Performance
FLO5.L vs. JEBP.L - Performance Comparison
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Different Trading Currencies
FLO5.L is traded in GBp, while JEBP.L is traded in GBP. To make them comparable, the JEBP.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FLO5.L achieves a 2.32% return, which is significantly higher than JEBP.L's 1.36% return.
FLO5.L
- 1D
- 0.13%
- 1M
- -0.21%
- 6M
- 1.62%
- YTD
- 2.32%
- 1Y
- 4.23%
- 3Y*
- 4.56%
- 5Y*
- 4.85%
- 10Y*
- —
JEBP.L
- 1D
- -0.03%
- 1M
- -0.37%
- 6M
- 0.94%
- YTD
- 1.36%
- 1Y
- 3.33%
- 3Y*
- 6.06%
- 5Y*
- —
- 10Y*
- —
FLO5.L vs. JEBP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FLO5.L iShares USD Floating Rate Bond UCITS ETF | 2.32% | -2.05% | 8.11% | 0.76% | 13.56% | 0.40% |
JEBP.L JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) | 1.36% | 5.22% | 5.89% | 9.18% | -12.18% | -0.52% |
Correlation
The correlation between FLO5.L and JEBP.L is -0.33, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | -0.25 |
The correlation between FLO5.L and JEBP.L shifts across timeframes, from -0.33 (1 year) to -0.21 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FLO5.L vs. JEBP.L — Risk / Return Rank
FLO5.L
JEBP.L
FLO5.L vs. JEBP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Floating Rate Bond UCITS ETF (FLO5.L) and JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) (JEBP.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.
| FLO5.L | JEBP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.22 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 1.24 | -0.26 |
| Martin ratioReturn relative to average drawdown | 2.52 | 4.79 | -2.27 |
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Drawdowns
FLO5.L vs. JEBP.L - Drawdown Comparison
The maximum FLO5.L drawdown since its inception was -14.02%, smaller than the maximum JEBP.L drawdown of -15.49%. Use the drawdown chart below to compare losses from any high point for FLO5.L and JEBP.L.
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Drawdown Indicators
| FLO5.L | JEBP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.02% | -15.49% | +1.47% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -2.68% | -1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -9.46% | -2.68% | -6.78% |
Max Drawdown (5Y)Largest decline over 5 years | -14.02% | — | — |
Current DrawdownCurrent decline from peak | -3.05% | -0.81% | -2.24% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -4.90% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 0.69% | +0.98% |
Volatility
FLO5.L vs. JEBP.L - Volatility Comparison
iShares USD Floating Rate Bond UCITS ETF (FLO5.L) has a higher volatility of 1.28% compared to JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) (JEBP.L) at 0.76%. This indicates that FLO5.L's price experiences larger fluctuations and is considered to be riskier than JEBP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLO5.L | JEBP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 0.76% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 4.77% | 2.81% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.40% | 3.12% | +3.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.64% | 4.54% | +4.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.89% | 4.54% | +4.35% |
FLO5.L vs. JEBP.L - Expense Ratio Comparison
FLO5.L has a 0.10% expense ratio, which is higher than JEBP.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
FLO5.L vs. JEBP.L - Dividend Comparison
FLO5.L's dividend yield for the trailing twelve months is around 4.74%, while JEBP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLO5.L iShares USD Floating Rate Bond UCITS ETF | 4.74% | 5.11% | 5.98% | 5.63% | 1.47% | 0.59% | 1.73% | 3.00% | 2.16% | 0.48% |
JEBP.L JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLO5.L and JEBP.L have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEBP.L is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEBP.L is cheaper with a 0.04% expense ratio, compared with 0.10% for FLO5.L.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.10% for FLO5.L and 0.04% for JEBP.L.
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