IEBC.L vs. J15R.L
IEBC.L (iShares Core Euro Corporate Bond UCITS ETF (Dist)) and J15R.L (JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF) are both European Corporate Bonds funds - IEBC.L tracks the Bloomberg Euro Corp TR EUR while J15R.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR. Both are passively managed. Over the past 5 years, IEBC.L returned 0.63%/yr vs 1.30%/yr for J15R.L. Their correlation of 0.92 suggests significant overlap in exposure. IEBC.L charges 0.20%/yr vs 0.04%/yr for J15R.L.
Performance
IEBC.L vs. J15R.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEBC.L achieves a -0.13% return, which is significantly higher than J15R.L's -0.52% return.
IEBC.L
- 1D
- 0.26%
- 1M
- 1.06%
- YTD
- -0.13%
- 6M
- -0.18%
- 1Y
- 5.35%
- 3Y*
- 5.31%
- 5Y*
- 0.63%
- 10Y*
- 2.30%
J15R.L
- 1D
- 0.23%
- 1M
- 0.89%
- YTD
- -0.52%
- 6M
- -0.43%
- 1Y
- 4.87%
- 3Y*
- 4.41%
- 5Y*
- 1.30%
- 10Y*
- —
IEBC.L vs. J15R.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IEBC.L iShares Core Euro Corporate Bond UCITS ETF (Dist) | -0.13% | 9.43% | -0.07% | 5.85% | -8.39% | -7.87% | 8.96% | 1.12% | -0.27% |
J15R.L JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF | -0.52% | 8.88% | -0.40% | 4.16% | -2.63% | -6.93% | 6.49% | -3.37% | 0.59% |
Correlation
The correlation between IEBC.L and J15R.L is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.92 |
The correlation between IEBC.L and J15R.L has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
IEBC.L vs. J15R.L — Risk / Return Rank
IEBC.L
J15R.L
IEBC.L vs. J15R.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Euro Corporate Bond UCITS ETF (Dist) (IEBC.L) and JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (J15R.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.
| IEBC.L | J15R.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.45 | -0.09 |
| Martin ratioReturn relative to average drawdown | 3.53 | 3.71 | -0.17 |
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
| IEBC.L | J15R.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.13 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.24 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.11 | +0.33 |
Drawdowns
IEBC.L vs. J15R.L - Drawdown Comparison
The maximum IEBC.L drawdown since its inception was -21.31%, which is greater than J15R.L's maximum drawdown of -16.15%. Use the drawdown chart below to compare losses from any high point for IEBC.L and J15R.L.
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Drawdown Indicators
| IEBC.L | J15R.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.31% | -16.15% | -5.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.92% | -3.35% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -3.92% | -3.35% | -0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -16.80% | -10.32% | -6.48% |
Max Drawdown (10Y)Largest decline over 10 years | -21.31% | — | — |
Current DrawdownCurrent decline from peak | -3.97% | -1.85% | -2.12% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -7.53% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.31% | +0.20% |
Volatility
IEBC.L vs. J15R.L - Volatility Comparison
iShares Core Euro Corporate Bond UCITS ETF (Dist) (IEBC.L) has a higher volatility of 1.37% compared to JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (J15R.L) at 1.27%. This indicates that IEBC.L's price experiences larger fluctuations and is considered to be riskier than J15R.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEBC.L | J15R.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.27% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 3.12% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.73% | 4.31% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 5.47% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 6.42% | +1.23% |
IEBC.L vs. J15R.L - Expense Ratio Comparison
IEBC.L has a 0.20% expense ratio, which is higher than J15R.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
IEBC.L vs. J15R.L - Dividend Comparison
IEBC.L's dividend yield for the trailing twelve months is around 3.85%, while J15R.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEBC.L iShares Core Euro Corporate Bond UCITS ETF (Dist) | 3.85% | 3.76% | 4.10% | 2.89% | 0.94% | 0.97% | 0.93% | 1.30% | 1.09% | 1.72% | 1.94% | 1.22% |
J15R.L JPMorgan EUR Corporate Bond 1-5 yr 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
With a correlation of 0.95, IEBC.L and J15R.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, J15R.L is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
J15R.L is cheaper with a 0.04% expense ratio, compared with 0.20% for IEBC.L.
IEBC.L tracks Bloomberg Euro Corp TR EUR, while J15R.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.20% for IEBC.L and 0.04% for J15R.L.
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