JEBP.L vs. ERNE.L
JEBP.L (JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc)) and ERNE.L (iShares € Ultrashort Bond UCITS ETF EUR (Dist)) are both exchange-traded funds - JEBP.L is a Corporate Bonds fund actively managed by JPMorgan, while ERNE.L is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). JEBP.L is actively managed, while ERNE.L is passively managed. Over the past 3 years, JEBP.L returned 6.06%/yr vs 2.82%/yr for ERNE.L. At a correlation of -0.13, they often move in opposite directions. JEBP.L charges 0.04%/yr vs 0.09%/yr for ERNE.L.
Performance
JEBP.L vs. ERNE.L - Performance Comparison
Loading charts...
Different Trading Currencies
JEBP.L is traded in GBP, while ERNE.L is traded in EUR. To make them comparable, the ERNE.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, JEBP.L achieves a 1.36% return, which is significantly higher than ERNE.L's -1.36% return.
JEBP.L
- 1D
- -0.03%
- 1M
- -0.37%
- 6M
- 0.94%
- YTD
- 1.36%
- 1Y
- 3.33%
- 3Y*
- 6.06%
- 5Y*
- —
- 10Y*
- —
ERNE.L
- 1D
- 0.09%
- 1M
- -1.57%
- 6M
- -0.93%
- YTD
- -1.36%
- 1Y
- 0.46%
- 3Y*
- 2.82%
- 5Y*
- 1.98%
- 10Y*
- 1.14%
JEBP.L vs. ERNE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JEBP.L JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) | 1.36% | 5.22% | 5.89% | 9.18% | -12.18% | -0.52% |
ERNE.L iShares € Ultrashort Bond UCITS ETF EUR (Dist) | -1.36% | 8.08% | -0.59% | 1.32% | 4.91% | -1.58% |
Correlation
The correlation between JEBP.L and ERNE.L is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | -0.13 |
The correlation between JEBP.L and ERNE.L shifts across timeframes, from -0.13 (all time) to -0.01 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JEBP.L vs. ERNE.L — Risk / Return Rank
JEBP.L
ERNE.L
JEBP.L vs. ERNE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) (JEBP.L) and iShares € Ultrashort Bond UCITS ETF EUR (Dist) (ERNE.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.
| JEBP.L | ERNE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.02 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 0.16 | +1.07 |
| Martin ratioReturn relative to average drawdown | 4.79 | 0.43 | +4.36 |
Loading charts...
Drawdowns
JEBP.L vs. ERNE.L - Drawdown Comparison
The maximum JEBP.L drawdown since its inception was -15.49%, smaller than the maximum ERNE.L drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for JEBP.L and ERNE.L.
Loading charts...
Drawdown Indicators
| JEBP.L | ERNE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.49% | -18.38% | +2.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -2.76% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -2.68% | -3.01% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -4.82% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.73% | — |
Current DrawdownCurrent decline from peak | -0.81% | -2.41% | +1.60% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -5.90% | +1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 1.05% | -0.36% |
Volatility
JEBP.L vs. ERNE.L - Volatility Comparison
The current volatility for JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) (JEBP.L) is 0.76%, while iShares € Ultrashort Bond UCITS ETF EUR (Dist) (ERNE.L) has a volatility of 1.08%. This indicates that JEBP.L experiences smaller price fluctuations and is considered to be less risky than ERNE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JEBP.L | ERNE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 1.08% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 2.58% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.12% | 3.90% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.54% | 5.37% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.54% | 6.65% | -2.11% |
JEBP.L vs. ERNE.L - Expense Ratio Comparison
JEBP.L has a 0.04% expense ratio, which is lower than ERNE.L's 0.09% 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
JEBP.L vs. ERNE.L - Dividend Comparison
JEBP.L has not paid dividends to shareholders, while ERNE.L's dividend yield for the trailing twelve months is around 2.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNE.L iShares € Ultrashort Bond UCITS ETF EUR (Dist) | 2.33% | 2.74% | 3.80% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.13% |
JEBP.L JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) | 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
JEBP.L and ERNE.L have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEBP.L is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEBP.L is cheaper with a 0.04% expense ratio, compared with 0.09% for ERNE.L.
JEBP.L is categorized as Corporate Bonds, while ERNE.L is Ultrashort Bond. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.04% for JEBP.L and 0.09% for ERNE.L.
Find the right allocation for JEBP.L and ERNE.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer