J15R.L vs. IEBC.L
J15R.L (JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF) and IEBC.L (iShares Core Euro Corporate Bond UCITS ETF (Dist)) are both European Corporate Bonds funds - J15R.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR while IEBC.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, J15R.L returned 1.30%/yr vs 0.63%/yr for IEBC.L. Their correlation of 0.92 suggests significant overlap in exposure. J15R.L charges 0.04%/yr vs 0.20%/yr for IEBC.L.
Performance
J15R.L vs. IEBC.L - Performance Comparison
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Returns By Period
In the year-to-date period, J15R.L achieves a -0.52% return, which is significantly lower than IEBC.L's -0.13% return.
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
- 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 vs. IEBC.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 | -0.52% | 8.88% | -0.40% | 4.16% | -2.63% | -6.93% | 6.49% | -3.37% | 0.59% |
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% |
Correlation
The correlation between J15R.L and IEBC.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 J15R.L and IEBC.L has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
J15R.L vs. IEBC.L — Risk / Return Rank
J15R.L
IEBC.L
J15R.L vs. IEBC.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 Core Euro Corporate Bond UCITS ETF (Dist) (IEBC.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.
| J15R.L | IEBC.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 | 1.19 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.36 | +0.09 |
| Martin ratioReturn relative to average drawdown | 3.71 | 3.53 | +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
| J15R.L | IEBC.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 | 0.24 | 0.10 | +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 | 0.11 | 0.44 | -0.33 |
Drawdowns
J15R.L vs. IEBC.L - Drawdown Comparison
The maximum J15R.L drawdown since its inception was -16.15%, smaller than the maximum IEBC.L drawdown of -21.31%. Use the drawdown chart below to compare losses from any high point for J15R.L and IEBC.L.
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Drawdown Indicators
| J15R.L | IEBC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.15% | -21.31% | +5.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | -3.92% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -3.35% | -3.92% | +0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -10.32% | -16.80% | +6.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.31% | — |
Current DrawdownCurrent decline from peak | -1.85% | -3.97% | +2.12% |
Average DrawdownAverage peak-to-trough decline | -7.53% | -6.66% | -0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 1.51% | -0.20% |
Volatility
J15R.L vs. IEBC.L - Volatility Comparison
The current volatility for JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (J15R.L) is 1.27%, while iShares Core Euro Corporate Bond UCITS ETF (Dist) (IEBC.L) has a volatility of 1.37%. This indicates that J15R.L experiences smaller price fluctuations and is considered to be less risky than IEBC.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 | IEBC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 1.37% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | 3.62% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 4.73% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.47% | 6.19% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.42% | 7.65% | -1.23% |
J15R.L vs. IEBC.L - Expense Ratio Comparison
J15R.L has a 0.04% expense ratio, which is lower than IEBC.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. IEBC.L - Dividend Comparison
J15R.L has not paid dividends to shareholders, while IEBC.L's dividend yield for the trailing twelve months is around 3.85%.
| 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, J15R.L and IEBC.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.
J15R.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR, while IEBC.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.04% for J15R.L and 0.20% for IEBC.L.
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