ISXF.L vs. J15R.L
ISXF.L (iShares GBP Corporate Bond ex-Financials UCITS ETF) and J15R.L (JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF) are both European Corporate Bonds funds - ISXF.L tracks the Markit iBoxx GBP NonGilts TR while J15R.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR. Both are passively managed. Over the past 5 years, ISXF.L returned -1.41%/yr vs 1.30%/yr for J15R.L. At a 0.27 correlation, their price movements are largely independent. ISXF.L charges 0.20%/yr vs 0.04%/yr for J15R.L.
Performance
ISXF.L vs. J15R.L - Performance Comparison
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Returns By Period
In the year-to-date period, ISXF.L achieves a -0.58% return, which is significantly lower than J15R.L's -0.52% return.
ISXF.L
- 1D
- 0.33%
- 1M
- 2.17%
- YTD
- -0.58%
- 6M
- -0.21%
- 1Y
- 4.58%
- 3Y*
- 5.20%
- 5Y*
- -1.41%
- 10Y*
- 1.39%
J15R.L
- 1D
- 0.23%
- 1M
- 0.89%
- YTD
- -0.52%
- 6M
- -0.43%
- 1Y
- 4.87%
- 3Y*
- 4.41%
- 5Y*
- 1.30%
- 10Y*
- —
ISXF.L vs. J15R.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ISXF.L iShares GBP Corporate Bond ex-Financials UCITS ETF | -0.58% | 6.93% | -0.18% | 8.72% | -19.96% | -4.01% | 8.54% | 11.27% | -0.01% |
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 ISXF.L and J15R.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.27 |
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Return for Risk
ISXF.L vs. J15R.L — Risk / Return Rank
ISXF.L
J15R.L
ISXF.L vs. J15R.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares GBP Corporate Bond ex-Financials UCITS ETF (ISXF.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.
| ISXF.L | J15R.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.19 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 1.45 | -0.48 |
| Martin ratioReturn relative to average drawdown | 2.74 | 3.71 | -0.97 |
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
| ISXF.L | J15R.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.13 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.18 | 0.24 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.11 | +0.42 |
Drawdowns
ISXF.L vs. J15R.L - Drawdown Comparison
The maximum ISXF.L drawdown since its inception was -32.38%, 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 ISXF.L and J15R.L.
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Drawdown Indicators
| ISXF.L | J15R.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.38% | -16.15% | -16.23% |
Max Drawdown (1Y)Largest decline over 1 year | -4.73% | -3.35% | -1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -4.73% | -3.35% | -1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -31.23% | -10.32% | -20.91% |
Max Drawdown (10Y)Largest decline over 10 years | -32.38% | — | — |
Current DrawdownCurrent decline from peak | -11.65% | -1.85% | -9.80% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -7.53% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.31% | +0.36% |
Volatility
ISXF.L vs. J15R.L - Volatility Comparison
iShares GBP Corporate Bond ex-Financials UCITS ETF (ISXF.L) has a higher volatility of 2.43% compared to JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (J15R.L) at 1.27%. This indicates that ISXF.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
| ISXF.L | J15R.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.43% | 1.27% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 5.10% | 3.12% | +1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.77% | 4.31% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.92% | 5.47% | +2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.28% | 6.42% | +0.86% |
ISXF.L vs. J15R.L - Expense Ratio Comparison
ISXF.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
ISXF.L vs. J15R.L - Dividend Comparison
ISXF.L's dividend yield for the trailing twelve months is around 4.54%, while J15R.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISXF.L iShares GBP Corporate Bond ex-Financials UCITS ETF | 4.54% | 4.23% | 3.97% | 3.15% | 2.93% | 2.31% | 2.30% | 2.66% | 2.87% | 2.87% | 3.48% | 1.95% |
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
ISXF.L and J15R.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 ISXF.L.
ISXF.L tracks Markit iBoxx GBP NonGilts TR, 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 ISXF.L and 0.04% for J15R.L.
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