GBPC.L vs. JR15.L
GBPC.L (L&G ESG GBP 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. GBPC.L is passively managed, while JR15.L is actively managed. Over the past 5 years, GBPC.L returned -1.07%/yr vs 0.94%/yr for JR15.L. At a 0.26 correlation, their price movements are largely independent. GBPC.L charges 0.09%/yr vs 0.04%/yr for JR15.L.
Performance
GBPC.L vs. JR15.L - Performance Comparison
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Different Trading Currencies
GBPC.L is traded in GBp, while JR15.L is traded in EUR. To make them comparable, the JR15.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GBPC.L achieves a -2.60% return, which is significantly lower than JR15.L's -2.04% return.
GBPC.L
- 1D
- -0.06%
- 1M
- -1.13%
- 6M
- -1.06%
- YTD
- -2.60%
- 1Y
- 1.20%
- 3Y*
- 5.24%
- 5Y*
- -1.07%
- 10Y*
- —
JR15.L
- 1D
- 0.06%
- 1M
- -2.01%
- 6M
- -1.72%
- YTD
- -2.04%
- 1Y
- -0.15%
- 3Y*
- 3.71%
- 5Y*
- 0.94%
- 10Y*
- —
GBPC.L vs. JR15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GBPC.L L&G ESG GBP Corporate Bond UCITS ETF | -2.60% | 6.83% | 2.78% | 8.35% | -17.11% | -3.03% | 1.71% |
JR15.L JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc) | -2.04% | 8.99% | -0.40% | 4.09% | -2.99% | -6.28% | -0.91% |
Correlation
The correlation between GBPC.L and JR15.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | 0.26 |
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Return for Risk
GBPC.L vs. JR15.L — Risk / Return Rank
GBPC.L
JR15.L
GBPC.L vs. JR15.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ESG GBP Corporate Bond UCITS ETF (GBPC.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.
| GBPC.L | JR15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.00 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | -0.04 | +0.24 |
| Martin ratioReturn relative to average drawdown | 0.48 | -0.10 | +0.58 |
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Drawdowns
GBPC.L vs. JR15.L - Drawdown Comparison
The maximum GBPC.L drawdown since its inception was -28.45%, which is greater than JR15.L's maximum drawdown of -15.79%. Use the drawdown chart below to compare losses from any high point for GBPC.L and JR15.L.
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Drawdown Indicators
| GBPC.L | JR15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.45% | -15.79% | -12.66% |
Max Drawdown (1Y)Largest decline over 1 year | -6.01% | -3.62% | -2.39% |
Max Drawdown (3Y)Largest decline over 3 years | -6.01% | -3.62% | -2.39% |
Max Drawdown (5Y)Largest decline over 5 years | -27.69% | -9.87% | -17.82% |
Current DrawdownCurrent decline from peak | -7.26% | -3.36% | -3.90% |
Average DrawdownAverage peak-to-trough decline | -10.96% | -7.42% | -3.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 1.46% | +1.06% |
Volatility
GBPC.L vs. JR15.L - Volatility Comparison
L&G ESG GBP Corporate Bond UCITS ETF (GBPC.L) has a higher volatility of 1.50% compared to JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc) (JR15.L) at 1.14%. This indicates that GBPC.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
| GBPC.L | JR15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.14% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 5.21% | 3.14% | +2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.66% | 4.26% | +2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.92% | 5.50% | +2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.63% | 6.25% | +1.38% |
GBPC.L vs. JR15.L - Expense Ratio Comparison
GBPC.L has a 0.09% 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
GBPC.L vs. JR15.L - Dividend Comparison
GBPC.L's dividend yield for the trailing twelve months is around 2.65%, while JR15.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GBPC.L L&G ESG GBP Corporate Bond UCITS ETF | 2.65% | 5.00% | 4.86% | 3.58% | 2.16% | 0.87% |
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% |
Frequently Asked Questions
GBPC.L and JR15.L have a correlation of 0.24, 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 0.09% for GBPC.L.
They also come from different issuers: Legal & General and JPMorgan. Their fees differ too: 0.09% for GBPC.L and 0.04% for JR15.L.
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