FLOA.L vs. JIBG.L
FLOA.L (iShares USD Floating Rate Bond UCITS ETF USD (Acc)) and JIBG.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, FLOA.L returned 4.28%/yr vs 0.53%/yr for JIBG.L. At a 0.01 correlation, their price movements are largely independent. FLOA.L charges 0.10%/yr vs 0.19%/yr for JIBG.L.
Performance
FLOA.L vs. JIBG.L - Performance Comparison
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Different Trading Currencies
FLOA.L is traded in USD, while JIBG.L is traded in GBP. To make them comparable, the JIBG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FLOA.L achieves a 2.18% return, which is significantly higher than JIBG.L's 1.09% return.
FLOA.L
- 1D
- 0.00%
- 1M
- 0.31%
- YTD
- 2.18%
- 6M
- 2.18%
- 1Y
- 4.78%
- 3Y*
- 5.66%
- 5Y*
- 4.28%
- 10Y*
- —
JIBG.L
- 1D
- 0.48%
- 1M
- 1.66%
- YTD
- 1.09%
- 6M
- 1.48%
- 1Y
- 5.67%
- 3Y*
- 5.36%
- 5Y*
- 0.53%
- 10Y*
- —
FLOA.L vs. JIBG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLOA.L iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 2.18% | 4.89% | 6.42% | 6.65% | 1.35% | 0.42% | 0.28% |
JIBG.L JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF | 1.09% | 8.07% | 2.23% | 7.70% | -15.78% | -1.55% | -20.78% |
Correlation
The correlation between FLOA.L and JIBG.L is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2020 | 0.01 |
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Return for Risk
FLOA.L vs. JIBG.L — Risk / Return Rank
FLOA.L
JIBG.L
FLOA.L vs. JIBG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) and JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JIBG.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.
| FLOA.L | JIBG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +3.33 | ||
| Omega ratioGain probability vs. loss probability | 1.98 | 1.17 | +0.81 |
| Calmar ratioReturn relative to maximum drawdown | 10.34 | 1.72 | +8.62 |
| Martin ratioReturn relative to average drawdown | 43.74 | 5.25 | +38.49 |
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Drawdowns
FLOA.L vs. JIBG.L - Drawdown Comparison
The maximum FLOA.L drawdown since its inception was -14.96%, smaller than the maximum JIBG.L drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for FLOA.L and JIBG.L.
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Drawdown Indicators
| FLOA.L | JIBG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.96% | -38.50% | +23.54% |
Max Drawdown (1Y)Largest decline over 1 year | -0.46% | -3.28% | +2.82% |
Max Drawdown (3Y)Largest decline over 3 years | -1.77% | -6.49% | +4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -2.53% | -22.12% | +19.59% |
Current DrawdownCurrent decline from peak | -0.15% | -20.99% | +20.84% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -27.26% | +27.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 1.08% | -0.97% |
Volatility
FLOA.L vs. JIBG.L - Volatility Comparison
The current volatility for iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) is 0.51%, while JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JIBG.L) has a volatility of 1.80%. This indicates that FLOA.L experiences smaller price fluctuations and is considered to be less risky than JIBG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLOA.L | JIBG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 1.80% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 1.35% | 4.24% | -2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.61% | 5.47% | -3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.10% | 8.41% | -6.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.28% | 12.32% | -8.04% |
FLOA.L vs. JIBG.L - Expense Ratio Comparison
FLOA.L has a 0.10% expense ratio, which is lower than JIBG.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
FLOA.L vs. JIBG.L - Dividend Comparison
FLOA.L has not paid dividends to shareholders, while JIBG.L's dividend yield for the trailing twelve months is around 5.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FLOA.L iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JIBG.L JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF | 5.13% | 4.93% | 5.37% | 4.10% | 3.94% | 6.87% | 0.10% |
Frequently Asked Questions
FLOA.L and JIBG.L have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLOA.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLOA.L is cheaper with a 0.10% expense ratio, compared with 0.19% for JIBG.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 FLOA.L and 0.19% for JIBG.L.
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