JEBP.L vs. FLUC.L
JEBP.L (JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc)) and FLUC.L (Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist)) are both Corporate Bonds funds. JEBP.L is actively managed, while FLUC.L is passively managed. Over the past 3 years, JEBP.L returned 6.06%/yr vs 3.35%/yr for FLUC.L. At a 0.31 correlation, their price movements are largely independent. JEBP.L charges 0.04%/yr vs 0.35%/yr for FLUC.L.
Performance
JEBP.L vs. FLUC.L - Performance Comparison
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Different Trading Currencies
JEBP.L is traded in GBP, while FLUC.L is traded in USD. To make them comparable, the FLUC.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 FLUC.L's -0.24% return.
JEBP.L
- 1D
- -0.03%
- 1M
- -0.37%
- 6M
- 0.94%
- YTD
- 1.36%
- 1Y
- 3.33%
- 3Y*
- 6.06%
- 5Y*
- —
- 10Y*
- —
FLUC.L
- 1D
- 0.25%
- 1M
- -1.60%
- 6M
- -0.67%
- YTD
- -0.24%
- 1Y
- 3.89%
- 3Y*
- 3.35%
- 5Y*
- 0.17%
- 10Y*
- —
JEBP.L vs. FLUC.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% |
FLUC.L Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) | -0.24% | -0.20% | 3.86% | 2.39% | -5.48% | -0.68% |
Correlation
The correlation between JEBP.L and FLUC.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.31 |
The correlation between JEBP.L and FLUC.L shifts across timeframes, from 0.23 (1 year) to 0.36 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
JEBP.L vs. FLUC.L — Risk / Return Rank
JEBP.L
FLUC.L
JEBP.L vs. FLUC.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 Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) (FLUC.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 | FLUC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.10 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 0.74 | +0.50 |
| Martin ratioReturn relative to average drawdown | 4.79 | 1.76 | +3.02 |
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Drawdowns
JEBP.L vs. FLUC.L - Drawdown Comparison
The maximum JEBP.L drawdown since its inception was -15.49%, smaller than the maximum FLUC.L drawdown of -17.30%. Use the drawdown chart below to compare losses from any high point for JEBP.L and FLUC.L.
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Drawdown Indicators
| JEBP.L | FLUC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.49% | -17.30% | +1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -5.27% | +2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -2.68% | -9.19% | +6.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.55% | — |
Current DrawdownCurrent decline from peak | -0.81% | -7.60% | +6.79% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -7.94% | +3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 2.20% | -1.51% |
Volatility
JEBP.L vs. FLUC.L - Volatility Comparison
The current volatility for JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) (JEBP.L) is 0.76%, while Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) (FLUC.L) has a volatility of 1.72%. This indicates that JEBP.L experiences smaller price fluctuations and is considered to be less risky than FLUC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEBP.L | FLUC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 1.72% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 5.73% | -2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.12% | 7.25% | -4.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.54% | 9.29% | -4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.54% | 9.88% | -5.34% |
JEBP.L vs. FLUC.L - Expense Ratio Comparison
JEBP.L has a 0.04% expense ratio, which is lower than FLUC.L's 0.35% expense ratio.
Dividends
JEBP.L vs. FLUC.L - Dividend Comparison
JEBP.L has not paid dividends to shareholders, while FLUC.L's dividend yield for the trailing twelve months is around 4.22%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLUC.L Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) | 4.22% | 4.01% | 4.26% | 3.38% | 2.76% | 2.17% | 2.29% | 3.37% | 1.61% |
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% |
Frequently Asked Questions
JEBP.L and FLUC.L have a correlation of 0.23, 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 0.35% for FLUC.L.
They also come from different issuers: JPMorgan and Franklin. Their fees differ too: 0.04% for JEBP.L and 0.35% for FLUC.L.
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