J15R.L vs. IE15.L
J15R.L (JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF) and IE15.L (iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)) are both exchange-traded funds - J15R.L is a European Corporate Bonds fund tracking the Bloomberg Euro Agg Corp 1-3 Yr TR EUR, while IE15.L is a Short-Term Bond fund tracking the BBG Euro Corp 1-5 Yrs (EUR). Both are passively managed. Over the past 5 years, J15R.L returned 0.96%/yr vs 0.52%/yr for IE15.L. A 0.80 correlation means they provide meaningful diversification when combined. J15R.L charges 0.04%/yr vs 0.20%/yr for IE15.L.
Performance
J15R.L vs. IE15.L - Performance Comparison
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Different Trading Currencies
J15R.L is traded in GBP, while IE15.L is traded in EUR. To make them comparable, the IE15.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, J15R.L achieves a -2.18% return, which is significantly higher than IE15.L's -3.61% return.
J15R.L
- 1D
- 0.16%
- 1M
- -1.97%
- 6M
- -1.64%
- YTD
- -2.18%
- 1Y
- -0.14%
- 3Y*
- 4.11%
- 5Y*
- 0.96%
- 10Y*
- —
IE15.L
- 1D
- 0.08%
- 1M
- -1.95%
- 6M
- -1.79%
- YTD
- -3.61%
- 1Y
- -1.93%
- 3Y*
- 3.08%
- 5Y*
- 0.52%
- 10Y*
- 0.87%
J15R.L vs. IE15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
J15R.L JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF | -2.18% | 8.88% | -0.40% | 4.16% | -2.63% | -6.93% | 6.49% | -3.37% | -9.60% |
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | -3.61% | 8.96% | -0.40% | 3.66% | -3.03% | -6.25% | 6.78% | -3.20% | 0.73% |
Correlation
The correlation between J15R.L and IE15.L is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2018 | 0.80 |
The correlation between J15R.L and IE15.L has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.
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Return for Risk
J15R.L vs. IE15.L — Risk / Return Rank
J15R.L
IE15.L
J15R.L vs. IE15.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (J15R.L) and iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.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.
| J15R.L | IE15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.93 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | -0.39 | +0.35 |
| Martin ratioReturn relative to average drawdown | -0.09 | -0.82 | +0.73 |
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Drawdowns
J15R.L vs. IE15.L - Drawdown Comparison
The maximum J15R.L drawdown since its inception was -19.54%, which is greater than IE15.L's maximum drawdown of -16.54%. Use the drawdown chart below to compare losses from any high point for J15R.L and IE15.L.
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Drawdown Indicators
| J15R.L | IE15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.54% | -16.54% | -3.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.66% | -4.93% | +1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -3.66% | -4.93% | +1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -10.32% | -9.97% | -0.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.62% | — |
Current DrawdownCurrent decline from peak | -6.85% | -4.74% | -2.11% |
Average DrawdownAverage peak-to-trough decline | -11.43% | -6.69% | -4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 2.36% | -0.81% |
Volatility
J15R.L vs. IE15.L - Volatility Comparison
The current volatility for JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (J15R.L) is 1.06%, while iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) has a volatility of 1.19%. This indicates that J15R.L experiences smaller price fluctuations and is considered to be less risky than IE15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| J15R.L | IE15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.19% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 3.19% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 4.47% | -0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.51% | 5.52% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.37% | 6.85% | +0.52% |
J15R.L vs. IE15.L - Expense Ratio Comparison
J15R.L has a 0.04% expense ratio, which is lower than IE15.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
J15R.L vs. IE15.L - Dividend Comparison
J15R.L has not paid dividends to shareholders, while IE15.L's dividend yield for the trailing twelve months is around 1.51%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | 1.51% | 2.92% | 2.50% | 1.41% | 0.51% | 0.57% | 0.59% | 0.62% | 0.62% | 0.68% | 0.90% | 0.56% |
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
J15R.L and IE15.L have a correlation of 0.82, 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 IE15.L.
J15R.L is categorized as European Corporate Bonds, while IE15.L is Short-Term Bond. J15R.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR, while IE15.L tracks BBG Euro Corp 1-5 Yrs (EUR). They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.04% for J15R.L and 0.20% for IE15.L.
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