IEAA.L vs. JR15.L
IEAA.L (iShares Core Euro Corporate Bond UCITS ETF (Acc)) and JR15.L (JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc)) are both European Corporate Bonds funds. IEAA.L is passively managed, while JR15.L is actively managed. Over the past 5 years, IEAA.L returned -0.11%/yr vs 1.11%/yr for JR15.L. Their correlation of 0.80 suggests significant overlap in exposure. IEAA.L charges 0.20%/yr vs 0.04%/yr for JR15.L.
Performance
IEAA.L vs. JR15.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEAA.L achieves a 0.37% return, which is significantly lower than JR15.L's 0.45% return.
IEAA.L
- 1D
- 0.00%
- 1M
- -0.55%
- 6M
- -0.00%
- YTD
- 0.37%
- 1Y
- 1.32%
- 3Y*
- 4.24%
- 5Y*
- -0.11%
- 10Y*
- —
JR15.L
- 1D
- -0.06%
- 1M
- -0.24%
- 6M
- 0.24%
- YTD
- 0.45%
- 1Y
- 1.52%
- 3Y*
- 4.16%
- 5Y*
- 1.11%
- 10Y*
- —
IEAA.L vs. JR15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc) | 0.37% | 3.08% | 4.42% | 7.48% | -13.40% | -1.11% | 2.70% | 6.24% | 0.24% |
JR15.L JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc) | 0.45% | 3.45% | 4.35% | 6.21% | -7.76% | -0.38% | 0.84% | 2.40% | 0.22% |
Correlation
The correlation between IEAA.L and JR15.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2018 | 0.80 |
The correlation between IEAA.L and JR15.L has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.
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Return for Risk
IEAA.L vs. JR15.L — Risk / Return Rank
IEAA.L
JR15.L
IEAA.L vs. JR15.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.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.
| IEAA.L | JR15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.16 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | 0.77 | -0.26 |
| Martin ratioReturn relative to average drawdown | 1.76 | 2.77 | -1.01 |
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Drawdowns
IEAA.L vs. JR15.L - Drawdown Comparison
The maximum IEAA.L drawdown since its inception was -17.29%, which is greater than JR15.L's maximum drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for IEAA.L and JR15.L.
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Drawdown Indicators
| IEAA.L | JR15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.29% | -10.19% | -7.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -1.97% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -2.58% | -1.97% | -0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -17.29% | -10.19% | -7.10% |
Current DrawdownCurrent decline from peak | -1.19% | -0.57% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -2.18% | -2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 0.55% | +0.20% |
Volatility
IEAA.L vs. JR15.L - Volatility Comparison
iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L) has a higher volatility of 0.89% compared to JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc) (JR15.L) at 0.51%. This indicates that IEAA.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
| IEAA.L | JR15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 0.51% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 1.80% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 1.95% | +1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.58% | 2.56% | +2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 3.11% | +1.60% |
IEAA.L vs. JR15.L - Expense Ratio Comparison
IEAA.L has a 0.20% 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
IEAA.L vs. JR15.L - Dividend Comparison
Neither IEAA.L nor JR15.L has paid dividends to shareholders.
Frequently Asked Questions
IEAA.L and JR15.L have a correlation of 0.76, 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 0.20% for IEAA.L.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.20% for IEAA.L and 0.04% for JR15.L.
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