GBP5.L vs. JRBE.L
GBP5.L (L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF) and JRBE.L (JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF) are both European Corporate Bonds funds - GBP5.L tracks the Markit iBoxx GBP NonGilts 1-5 TR while JRBE.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, GBP5.L returned 2.30%/yr vs 0.30%/yr for JRBE.L. At a 0.28 correlation, their price movements are largely independent. GBP5.L charges 0.09%/yr vs 0.04%/yr for JRBE.L.
Performance
GBP5.L vs. JRBE.L - Performance Comparison
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Different Trading Currencies
GBP5.L is traded in GBp, while JRBE.L is traded in GBP. To make them comparable, the JRBE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GBP5.L achieves a 0.88% return, which is significantly higher than JRBE.L's -0.44% return.
GBP5.L
- 1D
- 0.07%
- 1M
- 0.59%
- YTD
- 0.88%
- 6M
- 1.27%
- 1Y
- 4.67%
- 3Y*
- 6.06%
- 5Y*
- 2.30%
- 10Y*
- —
JRBE.L
- 1D
- 0.22%
- 1M
- 1.03%
- YTD
- -0.44%
- 6M
- -0.44%
- 1Y
- 4.85%
- 3Y*
- 4.75%
- 5Y*
- 0.30%
- 10Y*
- —
GBP5.L vs. JRBE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GBP5.L L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF | 0.88% | 6.37% | 4.55% | 6.90% | -6.01% | -0.54% |
JRBE.L JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF | -0.44% | 8.52% | -0.35% | 5.53% | -8.30% | -4.40% |
Correlation
The correlation between GBP5.L and JRBE.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2021 | 0.28 |
The correlation between GBP5.L and JRBE.L shifts across timeframes, from 0.28 (all time) to 0.39 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GBP5.L vs. JRBE.L — Risk / Return Rank
GBP5.L
JRBE.L
GBP5.L vs. JRBE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF (GBP5.L) and JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JRBE.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.
| GBP5.L | JRBE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.18 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 1.22 | +1.35 |
| Martin ratioReturn relative to average drawdown | 9.07 | 3.13 | +5.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GBP5.L | JRBE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.01 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.05 | +0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.09 | +0.56 |
Drawdowns
GBP5.L vs. JRBE.L - Drawdown Comparison
The maximum GBP5.L drawdown since its inception was -11.97%, smaller than the maximum JRBE.L drawdown of -21.46%. Use the drawdown chart below to compare losses from any high point for GBP5.L and JRBE.L.
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Drawdown Indicators
| GBP5.L | JRBE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.97% | -21.46% | +9.49% |
Max Drawdown (1Y)Largest decline over 1 year | -1.82% | -3.97% | +2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -1.82% | -3.97% | +2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -11.97% | -16.77% | +4.80% |
Current DrawdownCurrent decline from peak | -0.51% | -5.72% | +5.21% |
Average DrawdownAverage peak-to-trough decline | -2.22% | -9.85% | +7.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 1.55% | -1.03% |
Volatility
GBP5.L vs. JRBE.L - Volatility Comparison
L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF (GBP5.L) has a higher volatility of 1.86% compared to JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JRBE.L) at 1.46%. This indicates that GBP5.L's price experiences larger fluctuations and is considered to be riskier than JRBE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBP5.L | JRBE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 1.46% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | 3.67% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 4.76% | -1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.54% | 6.15% | -2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.48% | 7.10% | -3.62% |
GBP5.L vs. JRBE.L - Expense Ratio Comparison
GBP5.L has a 0.09% expense ratio, which is higher than JRBE.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
GBP5.L vs. JRBE.L - Dividend Comparison
GBP5.L's dividend yield for the trailing twelve months is around 4.58%, while JRBE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GBP5.L L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF | 4.58% | 4.40% | 3.78% | 2.56% | 1.05% | 0.32% |
JRBE.L JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GBP5.L and JRBE.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JRBE.L is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JRBE.L is cheaper with a 0.04% expense ratio, compared with 0.09% for GBP5.L.
GBP5.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while JRBE.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: Legal & General and JPMorgan. Their fees differ too: 0.09% for GBP5.L and 0.04% for JRBE.L.
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