FLO5.L vs. JRBU.L
FLO5.L (iShares USD Floating Rate Bond UCITS ETF) and JRBU.L (JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF) are both Corporate Bonds funds tracking the Bloomberg US Corp Bond TR USD, from iShares and JPMorgan respectively. Both are passively managed. Over the past 5 years, FLO5.L returned 5.46%/yr vs 1.61%/yr for JRBU.L. A 0.66 correlation means they provide meaningful diversification when combined. FLO5.L charges 0.10%/yr vs 0.19%/yr for JRBU.L.
Performance
FLO5.L vs. JRBU.L - Performance Comparison
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Different Trading Currencies
FLO5.L is traded in GBp, while JRBU.L is traded in GBP. To make them comparable, the JRBU.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 4.39% return, which is significantly higher than JRBU.L's 3.28% return.
FLO5.L
- 1D
- 0.22%
- 1M
- 2.50%
- YTD
- 4.39%
- 6M
- 4.81%
- 1Y
- 8.55%
- 3Y*
- 4.42%
- 5Y*
- 5.46%
- 10Y*
- —
JRBU.L
- 1D
- 0.76%
- 1M
- 3.60%
- YTD
- 3.28%
- 6M
- 4.03%
- 1Y
- 9.24%
- 3Y*
- 4.14%
- 5Y*
- 1.61%
- 10Y*
- —
FLO5.L vs. JRBU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLO5.L iShares USD Floating Rate Bond UCITS ETF | 4.39% | -2.05% | 8.11% | 0.76% | 13.56% | 1.75% | -2.65% | 0.79% | -0.35% |
JRBU.L JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF | 3.28% | 0.49% | 3.98% | 2.31% | -5.58% | -0.42% | 5.50% | 10.97% | -20.61% |
Correlation
The correlation between FLO5.L and JRBU.L is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2018 | 0.66 |
The correlation between FLO5.L and JRBU.L shifts across timeframes, from 0.58 (3 years) to 0.71 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FLO5.L vs. JRBU.L — Risk / Return Rank
FLO5.L
JRBU.L
FLO5.L vs. JRBU.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 JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JRBU.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 | JRBU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.27 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 1.99 | -0.02 |
| Martin ratioReturn relative to average drawdown | 5.20 | 4.91 | +0.29 |
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Drawdowns
FLO5.L vs. JRBU.L - Drawdown Comparison
The maximum FLO5.L drawdown since its inception was -14.02%, smaller than the maximum JRBU.L drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for FLO5.L and JRBU.L.
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Drawdown Indicators
| FLO5.L | JRBU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.02% | -22.42% | +8.40% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -4.63% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -9.46% | -8.72% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -14.02% | -12.81% | -1.21% |
Current DrawdownCurrent decline from peak | -1.09% | -3.74% | +2.65% |
Average DrawdownAverage peak-to-trough decline | -5.67% | -10.24% | +4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.88% | -0.24% |
Volatility
FLO5.L vs. JRBU.L - Volatility Comparison
iShares USD Floating Rate Bond UCITS ETF (FLO5.L) and JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JRBU.L) have volatilities of 1.81% and 1.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLO5.L | JRBU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 1.76% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.75% | 4.64% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.54% | 6.18% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.64% | 9.06% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.92% | 12.40% | -3.48% |
FLO5.L vs. JRBU.L - Expense Ratio Comparison
FLO5.L has a 0.10% expense ratio, which is lower than JRBU.L's 0.19% expense ratio. Despite the difference, 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. JRBU.L - Dividend Comparison
FLO5.L's dividend yield for the trailing twelve months is around 4.64%, while JRBU.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 | 4.64% | 5.11% | 5.98% | 5.63% | 1.47% | 0.59% | 1.73% | 3.00% | 2.16% | 0.48% |
JRBU.L JPMorgan USD Corporate Bond 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% |
Frequently Asked Questions
FLO5.L and JRBU.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLO5.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLO5.L is cheaper with a 0.10% expense ratio, compared with 0.19% for JRBU.L.
Both ETFs track Bloomberg US Corp Bond TR USD. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.10% for FLO5.L and 0.19% for JRBU.L.
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