IEAC.L vs. JRBE.L
IEAC.L (iShares Core € Corp Bond UCITS ETF EUR (Dist)) and JRBE.L (JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF) are both European Corporate Bonds funds - IEAC.L tracks the BBG Euro Corporate Index (EUR) while JRBE.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, IEAC.L returned -0.44%/yr vs 0.11%/yr for JRBE.L. A 0.65 correlation means they provide meaningful diversification when combined. IEAC.L charges 0.09%/yr vs 0.04%/yr for JRBE.L.
Performance
IEAC.L vs. JRBE.L - Performance Comparison
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Different Trading Currencies
IEAC.L is traded in EUR, while JRBE.L is traded in GBP. To make them comparable, the JRBE.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEAC.L achieves a -1.30% return, which is significantly lower than JRBE.L's 0.62% return.
IEAC.L
- 1D
- 0.03%
- 1M
- -0.43%
- 6M
- 0.07%
- YTD
- -1.30%
- 1Y
- -0.34%
- 3Y*
- 3.69%
- 5Y*
- -0.44%
- 10Y*
- 0.64%
JRBE.L
- 1D
- 0.10%
- 1M
- -0.24%
- 6M
- 0.35%
- YTD
- 0.62%
- 1Y
- 1.62%
- 3Y*
- 4.60%
- 5Y*
- 0.11%
- 10Y*
- —
IEAC.L vs. JRBE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IEAC.L iShares Core € Corp Bond UCITS ETF EUR (Dist) | -1.30% | 3.22% | 4.32% | 7.42% | -13.36% | -1.07% | 2.60% | 6.20% | 0.25% |
JRBE.L JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF | 0.62% | 2.85% | 4.47% | 7.76% | -13.02% | -1.58% | 2.19% | 6.48% | -10.46% |
Correlation
The correlation between IEAC.L and JRBE.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2018 | 0.65 |
The correlation between IEAC.L and JRBE.L shifts across timeframes, from 0.63 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IEAC.L vs. JRBE.L — Risk / Return Rank
IEAC.L
JRBE.L
IEAC.L vs. JRBE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core € Corp Bond UCITS ETF EUR (Dist) (IEAC.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.
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.
| IEAC.L | JRBE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.09 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.61 | -0.62 |
| Martin ratioReturn relative to average drawdown | -0.17 | 2.04 | -2.21 |
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Drawdowns
IEAC.L vs. JRBE.L - Drawdown Comparison
The maximum IEAC.L drawdown since its inception was -24.28%, which is greater than JRBE.L's maximum drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for IEAC.L and JRBE.L.
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Drawdown Indicators
| IEAC.L | JRBE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.28% | -19.64% | -4.64% |
Max Drawdown (1Y)Largest decline over 1 year | -23.42% | -3.02% | -20.40% |
Max Drawdown (3Y)Largest decline over 3 years | -23.42% | -3.02% | -20.40% |
Max Drawdown (5Y)Largest decline over 5 years | -24.28% | -17.75% | -6.53% |
Max Drawdown (10Y)Largest decline over 10 years | -24.28% | — | — |
Current DrawdownCurrent decline from peak | -2.79% | -2.91% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -7.90% | +4.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 0.90% | +1.12% |
Volatility
IEAC.L vs. JRBE.L - Volatility Comparison
iShares Core € Corp Bond UCITS ETF EUR (Dist) (IEAC.L) and JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JRBE.L) have volatilities of 0.86% and 0.83%, 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
| IEAC.L | JRBE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.83% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 36.11% | 3.06% | +33.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.42% | 3.55% | +32.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 5.26% | +11.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.32% | 7.20% | +5.12% |
IEAC.L vs. JRBE.L - Expense Ratio Comparison
IEAC.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
IEAC.L vs. JRBE.L - Dividend Comparison
IEAC.L's dividend yield for the trailing twelve months is around 1.65%, while JRBE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEAC.L iShares Core € Corp Bond UCITS ETF EUR (Dist) | 1.65% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
JRBE.L JPMorgan EUR 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% | 0.00% | 0.00% |
Frequently Asked Questions
IEAC.L and JRBE.L have a correlation of 0.63, 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 IEAC.L.
IEAC.L tracks BBG Euro Corporate Index (EUR), while JRBE.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.09% for IEAC.L and 0.04% for JRBE.L.
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