IPAB.DE vs. JREB.DE
IPAB.DE (iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Acc) and JREB.DE (JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF) are both European Corporate Bonds funds - IPAB.DE tracks the Bloomberg MSCI Euro Corporate Climate Paris Aligned ESG Select while JREB.DE tracks the JP Morgan EUR Corporate Bond Research Enhanced Index (ESG). Both are passively managed. Over the past 3 years, IPAB.DE returned 4.79%/yr vs 4.80%/yr for JREB.DE. Their correlation of 0.86 suggests significant overlap in exposure. IPAB.DE charges 0.15%/yr vs 0.04%/yr for JREB.DE.
Performance
IPAB.DE vs. JREB.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IPAB.DE having a 1.25% return and JREB.DE slightly higher at 1.28%.
IPAB.DE
- 1D
- 0.18%
- 1M
- 0.71%
- YTD
- 1.25%
- 6M
- 1.44%
- 1Y
- 2.36%
- 3Y*
- 4.79%
- 5Y*
- —
- 10Y*
- —
JREB.DE
- 1D
- 0.15%
- 1M
- 0.67%
- YTD
- 1.28%
- 6M
- 1.39%
- 1Y
- 2.56%
- 3Y*
- 4.80%
- 5Y*
- 0.31%
- 10Y*
- —
IPAB.DE vs. JREB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IPAB.DE iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Acc | 1.25% | 2.95% | 4.43% | 7.23% | -3.20% |
JREB.DE JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF | 1.28% | 3.15% | 4.24% | 7.62% | -3.71% |
Correlation
The correlation between IPAB.DE and JREB.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2022 | 0.87 |
Over the past year, the correlation between IPAB.DE and JREB.DE has dropped to 0.59 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
IPAB.DE vs. JREB.DE — Risk / Return Rank
IPAB.DE
JREB.DE
IPAB.DE vs. JREB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Acc (IPAB.DE) and JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JREB.DE). 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.
| IPAB.DE | JREB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.14 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.83 | +0.05 |
| Martin ratioReturn relative to average drawdown | 3.26 | 2.64 | +0.62 |
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Drawdowns
IPAB.DE vs. JREB.DE - Drawdown Comparison
The maximum IPAB.DE drawdown since its inception was -9.09%, smaller than the maximum JREB.DE drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for IPAB.DE and JREB.DE.
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Drawdown Indicators
| IPAB.DE | JREB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.09% | -17.22% | +8.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -3.08% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -3.08% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.22% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.34% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -4.98% | +2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.97% | -0.25% |
Volatility
IPAB.DE vs. JREB.DE - Volatility Comparison
The current volatility for iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Acc (IPAB.DE) is 0.76%, while JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JREB.DE) has a volatility of 1.13%. This indicates that IPAB.DE experiences smaller price fluctuations and is considered to be less risky than JREB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPAB.DE | JREB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 1.13% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 3.21% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 3.62% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 4.46% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.50% | 4.98% | -0.48% |
IPAB.DE vs. JREB.DE - Expense Ratio Comparison
IPAB.DE has a 0.15% expense ratio, which is higher than JREB.DE'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
IPAB.DE vs. JREB.DE - Dividend Comparison
Neither IPAB.DE nor JREB.DE has paid dividends to shareholders.
Frequently Asked Questions
IPAB.DE and JREB.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JREB.DE is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREB.DE is cheaper with a 0.04% expense ratio, compared with 0.15% for IPAB.DE.
IPAB.DE tracks Bloomberg MSCI Euro Corporate Climate Paris Aligned ESG Select, while JREB.DE tracks JP Morgan EUR Corporate Bond Research Enhanced Index (ESG). They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.15% for IPAB.DE and 0.04% for JREB.DE.
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