JER5.DE vs. TCBT.DE

Last updated Apr 16, 2026

JER5.DE (JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF) and TCBT.DE (VanEck iBoxx EUR Corporates UCITS ETF) are both European Corporate Bonds funds — JER5.DE tracks the JP Morgan EUR Corporate Bond 1-5 Research Enhanced Index (ESG) while TCBT.DE tracks the iBoxx® SD-KPI EUR Liquid Corporates. Both are passively managed. Over the past 5 years, JER5.DE returned 1.05%/yr vs -0.27%/yr for TCBT.DE. Their correlation of 0.81 suggests significant overlap in exposure. JER5.DE charges 0.04%/yr vs 0.15%/yr for TCBT.DE.

Performance

JER5.DE vs. TCBT.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (JER5.DE) and VanEck iBoxx EUR Corporates UCITS ETF (TCBT.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JER5.DE achieves a 0.02% return, which is significantly lower than TCBT.DE's 0.05% return.

JER5.DE

• 1D: 0.06%
• 1M: 0.34%
• YTD: 0.02%
• 6M: -0.01%
• 1Y: 2.38%
• 3Y*: 4.30%
• 5Y*: 1.05%
• 10Y*: —

TCBT.DE

• 1D: -0.00%
• 1M: 0.44%
• YTD: 0.05%
• 6M: -0.86%
• 1Y: 2.18%
• 3Y*: 3.95%
• 5Y*: -0.27%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JER5.DE vs. TCBT.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JER5.DE JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF	0.02%	3.43%	4.31%	6.22%	-7.82%	-0.27%	0.75%	2.43%	0.19%
TCBT.DE VanEck iBoxx EUR Corporates UCITS ETF	0.05%	2.42%	3.35%	8.23%	-13.49%	-1.27%	2.29%	6.99%	-0.06%

Correlation

The correlation between JER5.DE and TCBT.DE is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018	0.81

The correlation between JER5.DE and TCBT.DE shifts across timeframes, from 0.67 (1 year) to 0.85 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

JER5.DE vs. TCBT.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JER5.DE

JER5.DE Risk / Return Rank: 26
JER5.DE Sharpe Ratio Rank: 26
JER5.DE Sortino Ratio Rank: 27
JER5.DE Omega Ratio Rank: 29
JER5.DE Calmar Ratio Rank: 20
JER5.DE Martin Ratio Rank: 25

TCBT.DE

TCBT.DE Risk / Return Rank: 14
TCBT.DE Sharpe Ratio Rank: 14
TCBT.DE Sortino Ratio Rank: 13
TCBT.DE Omega Ratio Rank: 13
TCBT.DE Calmar Ratio Rank: 13
TCBT.DE Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JER5.DE vs. TCBT.DE - 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 (JER5.DE) and VanEck iBoxx EUR Corporates UCITS ETF (TCBT.DE). 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.

	JER5.DE	TCBT.DE	Difference
Sharpe ratio Return per unit of total volatility	1.28	0.53	+0.75
Sortino ratio Return per unit of downside risk	1.95	0.80	+1.15
Omega ratio Gain probability vs. loss probability	1.26	1.11	+0.15
Calmar ratio Return relative to maximum drawdown	1.31	0.72	+0.58
Martin ratio Return relative to average drawdown	5.55	2.64	+2.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JER5.DE vs. TCBT.DE - Sharpe Ratio Comparison

The current JER5.DE Sharpe Ratio is 1.28, which is higher than the TCBT.DE Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of JER5.DE and TCBT.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JER5.DE	TCBT.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.28	0.53	+0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	-0.05	+0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.18	+0.20

Drawdowns

JER5.DE vs. TCBT.DE - Drawdown Comparison

The maximum JER5.DE drawdown since its inception was -10.17%, smaller than the maximum TCBT.DE drawdown of -16.90%. Use the drawdown chart below to compare losses from any high point for JER5.DE and TCBT.DE.

Drawdown Indicators

	JER5.DE	TCBT.DE	Difference
Max Drawdown Largest peak-to-trough decline	-10.17%	-16.90%	+6.73%
Max Drawdown (1Y) Largest decline over 1 year	-1.98%	-3.39%	+1.41%
Max Drawdown (5Y) Largest decline over 5 years	-10.17%	-16.88%	+6.71%
Current Drawdown Current decline from peak	-0.91%	-2.39%	+1.48%
Average Drawdown Average peak-to-trough decline	-2.28%	-5.16%	+2.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	0.92%	-0.45%

Volatility

JER5.DE vs. TCBT.DE - Volatility Comparison

The current volatility for JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (JER5.DE) is 1.17%, while VanEck iBoxx EUR Corporates UCITS ETF (TCBT.DE) has a volatility of 2.28%. This indicates that JER5.DE experiences smaller price fluctuations and is considered to be less risky than TCBT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JER5.DE	TCBT.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	2.28%	-1.11%
Volatility (6M) Calculated over the trailing 6-month period	1.61%	3.58%	-1.97%
Volatility (1Y) Calculated over the trailing 1-year period	1.87%	4.12%	-2.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.52%	5.10%	-2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.11%	5.36%	-2.25%

JER5.DE vs. TCBT.DE - Expense Ratio Comparison

JER5.DE has a 0.04% expense ratio, which is lower than TCBT.DE's 0.15% 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

JER5.DE vs. TCBT.DE - Dividend Comparison

JER5.DE has not paid dividends to shareholders, while TCBT.DE's dividend yield for the trailing twelve months is around 3.11%.

	TTM	2025	2024	2023	2022	2021	2020	2019
JER5.DE 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%
TCBT.DE VanEck iBoxx EUR Corporates UCITS ETF	3.11%	2.45%	2.39%	1.12%	1.39%	0.75%	1.00%	1.07%