IGCB.L vs. J15R.L

Last updated Apr 4, 2026

Compare and contrast key facts about Invesco GBP Corporate Bond UCITS ETF Dist (IGCB.L) and JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (J15R.L).

IGCB.L and J15R.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGCB.L is a passively managed fund by Invesco that tracks the performance of the Markit iBoxx GBP NonGilts TR. It was launched on Mar 5, 2020. J15R.L is a passively managed fund by JPMorgan that tracks the performance of the Bloomberg Euro Agg Corp 1-3 Yr TR EUR. It was launched on Dec 5, 2018. Both IGCB.L and J15R.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IGCB.L vs. J15R.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco GBP Corporate Bond UCITS ETF Dist (IGCB.L) and JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (J15R.L). The values are adjusted to include any dividend payments, if applicable.

IGCB.L vs. J15R.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IGCB.L Invesco GBP Corporate Bond UCITS ETF Dist	-1.45%	6.83%	1.93%	9.20%	-18.57%	-4.00%	8.69%
J15R.L JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF	-0.70%	8.88%	-0.40%	4.16%	-2.63%	-6.93%	4.90%

Different Trading Currencies

IGCB.L is traded in GBp, while J15R.L is traded in GBP. To make them comparable, the J15R.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, IGCB.L achieves a -1.45% return, which is significantly lower than J15R.L's -0.70% return.

IGCB.L

• 1D: -0.09%
• 1M: -1.98%
• YTD: -1.45%
• 6M: 0.84%
• 1Y: 4.65%
• 3Y*: 4.46%
• 5Y*: -0.77%
• 10Y*: —

J15R.L

• 1D: 0.10%
• 1M: -0.92%
• YTD: -0.70%
• 6M: -0.09%
• 1Y: 5.68%
• 3Y*: 3.76%
• 5Y*: 1.44%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IGCB.L vs. J15R.L - Expense Ratio Comparison

IGCB.L has a 0.10% 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%.

IGCB.L

Invesco GBP Corporate Bond UCITS ETF Dist

J15R.L

JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF

Return for Risk

IGCB.L vs. J15R.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGCB.L

IGCB.L Risk / Return Rank: 36
IGCB.L Sharpe Ratio Rank: 39
IGCB.L Sortino Ratio Rank: 36
IGCB.L Omega Ratio Rank: 33
IGCB.L Calmar Ratio Rank: 34
IGCB.L Martin Ratio Rank: 38

J15R.L

J15R.L Risk / Return Rank: 61
J15R.L Sharpe Ratio Rank: 73
J15R.L Sortino Ratio Rank: 78
J15R.L Omega Ratio Rank: 63
J15R.L Calmar Ratio Rank: 52
J15R.L Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGCB.L vs. J15R.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco GBP Corporate Bond UCITS ETF Dist (IGCB.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.

	IGCB.L	J15R.L	Difference
Sharpe ratio Return per unit of total volatility	0.81	1.36	-0.56
Sortino ratio Return per unit of downside risk	1.13	2.10	-0.97
Omega ratio Gain probability vs. loss probability	1.15	1.25	-0.10
Calmar ratio Return relative to maximum drawdown	1.16	1.69	-0.53
Martin ratio Return relative to average drawdown	4.70	4.66	+0.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGCB.L vs. J15R.L - Sharpe Ratio Comparison

The current IGCB.L Sharpe Ratio is 0.81, which is lower than the J15R.L Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of IGCB.L and J15R.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IGCB.L	J15R.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	1.36	-0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	0.26	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.11	-0.12

Correlation

The correlation between IGCB.L and J15R.L is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IGCB.L vs. J15R.L - Dividend Comparison

IGCB.L's dividend yield for the trailing twelve months is around 5.34%, while J15R.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
IGCB.L Invesco GBP Corporate Bond UCITS ETF Dist	5.34%	5.18%	5.18%	4.26%	2.54%	1.74%	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%

Drawdowns

IGCB.L vs. J15R.L - Drawdown Comparison

The maximum IGCB.L drawdown since its inception was -30.44%, 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 IGCB.L and J15R.L.

Drawdown Indicators

	IGCB.L	J15R.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.44%	-16.15%	-14.29%
Max Drawdown (1Y) Largest decline over 1 year	-4.00%	-3.35%	-0.65%
Max Drawdown (5Y) Largest decline over 5 years	-29.39%	-10.69%	-18.70%
Current Drawdown Current decline from peak	-8.66%	-2.04%	-6.62%
Average Drawdown Average peak-to-trough decline	-11.39%	-7.65%	-3.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	1.22%	-0.23%

Volatility

IGCB.L vs. J15R.L - Volatility Comparison

Invesco GBP Corporate Bond UCITS ETF Dist (IGCB.L) has a higher volatility of 2.76% compared to JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (J15R.L) at 1.54%. This indicates that IGCB.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.

Volatility by Period

	IGCB.L	J15R.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.76%	1.54%	+1.22%
Volatility (6M) Calculated over the trailing 6-month period	4.36%	3.12%	+1.24%
Volatility (1Y) Calculated over the trailing 1-year period	6.18%	4.72%	+1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.55%	5.54%	+2.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.73%	6.46%	+1.27%