JIBG.L vs. UC98.L
JIBG.L (JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF) and UC98.L (UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis) are both Corporate Bonds funds tracking the Bloomberg US Corp Bond TR USD, from JPMorgan and UBS respectively. Both are passively managed. Over the past 5 years, JIBG.L returned 0.69%/yr vs -0.17%/yr for UC98.L. With a 0.97 correlation, they move nearly in lockstep. JIBG.L charges 0.19%/yr vs 0.20%/yr for UC98.L.
Performance
JIBG.L vs. UC98.L - Performance Comparison
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Different Trading Currencies
JIBG.L is traded in GBP, while UC98.L is traded in GBp. To make them comparable, the UC98.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, JIBG.L achieves a 0.28% return, which is significantly higher than UC98.L's -0.99% 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*
- —
UC98.L
- 1D
- -0.57%
- 1M
- -1.37%
- 6M
- -1.13%
- YTD
- -0.99%
- 1Y
- 3.09%
- 3Y*
- 3.47%
- 5Y*
- -0.17%
- 10Y*
- 1.44%
JIBG.L vs. UC98.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% |
UC98.L UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis | -0.99% | 0.33% | 3.62% | 2.43% | -7.46% | -1.33% | -2.52% |
Correlation
The correlation between JIBG.L and UC98.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2020 | 0.97 |
The correlation between JIBG.L and UC98.L has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
JIBG.L vs. UC98.L — Risk / Return Rank
JIBG.L
UC98.L
JIBG.L vs. UC98.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 UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis (UC98.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 | UC98.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.09 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 0.63 | +0.44 |
| Martin ratioReturn relative to average drawdown | 2.60 | 1.47 | +1.12 |
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Drawdowns
JIBG.L vs. UC98.L - Drawdown Comparison
The maximum JIBG.L drawdown since its inception was -33.28%, smaller than the maximum UC98.L drawdown of -36.07%. Use the drawdown chart below to compare losses from any high point for JIBG.L and UC98.L.
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Drawdown Indicators
| JIBG.L | UC98.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.28% | -36.07% | +2.79% |
Max Drawdown (1Y)Largest decline over 1 year | -4.64% | -4.86% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -8.67% | -8.30% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -12.77% | -14.17% | +1.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.62% | — |
Current DrawdownCurrent decline from peak | -24.63% | -10.89% | -13.74% |
Average DrawdownAverage peak-to-trough decline | -27.37% | -14.40% | -12.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 2.09% | -0.18% |
Volatility
JIBG.L vs. UC98.L - Volatility Comparison
JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JIBG.L) and UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis (UC98.L) have volatilities of 2.08% and 2.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JIBG.L | UC98.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 2.03% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 4.44% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.06% | 6.00% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.95% | 8.93% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 9.73% | +3.22% |
JIBG.L vs. UC98.L - Expense Ratio Comparison
JIBG.L has a 0.19% expense ratio, which is lower than UC98.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. UC98.L - Dividend Comparison
JIBG.L's dividend yield for the trailing twelve months is around 5.59%, more than UC98.L's 4.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
UC98.L UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis | 4.52% | 5.96% | 4.81% | 3.91% | 2.35% | 2.01% | 2.72% | 3.27% | 2.04% | 1.74% |
Frequently Asked Questions
With a correlation of 0.98, JIBG.L and UC98.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, 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 UC98.L.
Both ETFs track Bloomberg US Corp Bond TR USD. They also come from different issuers: JPMorgan and UBS. Their fees differ too: 0.19% for JIBG.L and 0.20% for UC98.L.
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