J15R.L vs. XZE5.L
J15R.L (JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF) and XZE5.L (Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C) are both European Corporate Bonds funds - J15R.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR while XZE5.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. With a 0.97 correlation, they move nearly in lockstep. J15R.L charges 0.04%/yr vs 0.16%/yr for XZE5.L.
Performance
J15R.L vs. XZE5.L - Performance Comparison
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Returns By Period
J15R.L
- 1D
- 0.23%
- 1M
- 0.89%
- YTD
- -0.52%
- 6M
- -0.43%
- 1Y
- 4.87%
- 3Y*
- 4.41%
- 5Y*
- 1.30%
- 10Y*
- —
XZE5.L
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
J15R.L vs. XZE5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% | 0.17% |
XZE5.L Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C | -0.42% | 8.64% | -0.59% | 3.12% | -1.52% | -6.82% | -0.17% |
Correlation
The correlation between J15R.L and XZE5.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2020 | 0.97 |
The correlation between J15R.L and XZE5.L has been stable across timeframes, ranging from 0.91 to 0.97 - a consistent structural relationship.
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Return for Risk
J15R.L vs. XZE5.L — Risk / Return Rank
J15R.L
XZE5.L
J15R.L vs. XZE5.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 Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C (XZE5.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 | XZE5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.19 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | — | — |
| Martin ratioReturn relative to average drawdown | 3.71 | — | — |
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 | XZE5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | — | — |
Drawdowns
J15R.L vs. XZE5.L - Drawdown Comparison
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Drawdown Indicators
| J15R.L | XZE5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.15% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.32% | — | — |
Current DrawdownCurrent decline from peak | -1.85% | — | — |
Average DrawdownAverage peak-to-trough decline | -7.53% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | — | — |
Volatility
J15R.L vs. XZE5.L - Volatility Comparison
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Volatility by Period
| J15R.L | XZE5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.47% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.42% | — | — |
J15R.L vs. XZE5.L - Expense Ratio Comparison
J15R.L has a 0.04% expense ratio, which is lower than XZE5.L's 0.16% 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. XZE5.L - Dividend Comparison
Neither J15R.L nor XZE5.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, J15R.L and XZE5.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 0.16% for XZE5.L.
J15R.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR, while XZE5.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: JPMorgan and Xtrackers. Their fees differ too: 0.04% for J15R.L and 0.16% for XZE5.L.
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