JIBG.L vs. SLXX.L
JIBG.L (JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF) and SLXX.L (iShares Core £ Corp Bond UCITS ETF) are both Corporate Bonds funds - JIBG.L tracks the Bloomberg US Corp Bond TR USD while SLXX.L tracks the Markit iBoxx GBP Liquid Corporates Large Cap Index. Both are passively managed. Over the past 5 years, JIBG.L returned 0.69%/yr vs -1.16%/yr for SLXX.L. At a 0.37 correlation, their price movements are largely independent. JIBG.L charges 0.19%/yr vs 0.20%/yr for SLXX.L.
Performance
JIBG.L vs. SLXX.L - Performance Comparison
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Returns By Period
In the year-to-date period, JIBG.L achieves a 0.28% return, which is significantly higher than SLXX.L's -0.11% return.
JIBG.L
- 1D
- -0.07%
- 1M
- -0.64%
- 6M
- 0.06%
- YTD
- 0.28%
- 1Y
- 4.79%
- 3Y*
- 4.09%
- 5Y*
- 0.69%
- 10Y*
- —
SLXX.L
- 1D
- 0.13%
- 1M
- -0.43%
- 6M
- -1.12%
- YTD
- -0.11%
- 1Y
- 4.04%
- 3Y*
- 5.92%
- 5Y*
- -1.16%
- 10Y*
- 1.22%
JIBG.L vs. SLXX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JIBG.L JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF | 0.28% | 0.49% | 3.97% | 2.30% | -5.70% | -0.65% | -24.58% |
SLXX.L iShares Core £ Corp Bond UCITS ETF | -0.11% | 6.50% | 1.60% | 8.54% | -18.36% | -4.01% | 3.25% |
Correlation
The correlation between JIBG.L and SLXX.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2020 | 0.37 |
Over the past year, the correlation between JIBG.L and SLXX.L has dropped to 0.14 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
JIBG.L vs. SLXX.L — Risk / Return Rank
JIBG.L
SLXX.L
JIBG.L vs. SLXX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JIBG.L) and iShares Core £ Corp Bond UCITS ETF (SLXX.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.
| JIBG.L | SLXX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.13 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 0.95 | +0.12 |
| Martin ratioReturn relative to average drawdown | 2.60 | 2.88 | -0.28 |
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Drawdowns
JIBG.L vs. SLXX.L - Drawdown Comparison
The maximum JIBG.L drawdown since its inception was -33.28%, which is greater than SLXX.L's maximum drawdown of -30.27%. Use the drawdown chart below to compare losses from any high point for JIBG.L and SLXX.L.
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Drawdown Indicators
| JIBG.L | SLXX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.28% | -30.27% | -3.01% |
Max Drawdown (1Y)Largest decline over 1 year | -4.64% | -4.25% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -8.67% | -4.25% | -4.42% |
Max Drawdown (5Y)Largest decline over 5 years | -12.77% | -29.34% | +16.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.27% | — |
Current DrawdownCurrent decline from peak | -24.63% | -8.14% | -16.49% |
Average DrawdownAverage peak-to-trough decline | -27.37% | -6.01% | -21.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 1.40% | +0.51% |
Volatility
JIBG.L vs. SLXX.L - Volatility Comparison
JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JIBG.L) has a higher volatility of 2.08% compared to iShares Core £ Corp Bond UCITS ETF (SLXX.L) at 1.55%. This indicates that JIBG.L's price experiences larger fluctuations and is considered to be riskier than SLXX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JIBG.L | SLXX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 1.55% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 4.95% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.06% | 5.63% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.95% | 8.06% | +0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 8.05% | +4.90% |
JIBG.L vs. SLXX.L - Expense Ratio Comparison
JIBG.L has a 0.19% expense ratio, which is lower than SLXX.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
JIBG.L vs. SLXX.L - Dividend Comparison
JIBG.L's dividend yield for the trailing twelve months is around 5.59%, more than SLXX.L's 5.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JIBG.L JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF | 5.59% | 4.93% | 5.37% | 4.10% | 3.94% | 6.87% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SLXX.L iShares Core £ Corp Bond UCITS ETF | 5.04% | 4.82% | 4.68% | 4.06% | 2.75% | 2.06% | 2.12% | 2.44% | 2.71% | 2.73% | 2.99% | 3.39% |
Frequently Asked Questions
JIBG.L and SLXX.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JIBG.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JIBG.L is cheaper with a 0.19% expense ratio, compared with 0.20% for SLXX.L.
JIBG.L tracks Bloomberg US Corp Bond TR USD, while SLXX.L tracks Markit iBoxx GBP Liquid Corporates Large Cap Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.19% for JIBG.L and 0.20% for SLXX.L.
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