JIBG.L vs. USCR.L

Last updated Jul 16, 2026

JIBG.L (JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF) and USCR.L (SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF) are both Corporate Bonds funds tracking the Bloomberg US Corp Bond TR USD, from JPMorgan and State Street respectively. Both are passively managed. Over the past 5 years, JIBG.L returned 0.69%/yr vs 0.21%/yr for USCR.L. Their correlation of 0.82 suggests significant overlap in exposure. JIBG.L charges 0.19%/yr vs 0.15%/yr for USCR.L.

Performance

JIBG.L vs. USCR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JIBG.L) and SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (USCR.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JIBG.L is traded in GBP, while USCR.L is traded in USD. To make them comparable, the USCR.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 USCR.L's -0.77% 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*: —

USCR.L

• 1D: -0.65%
• 1M: -1.65%
• 6M: -1.03%
• YTD: -0.77%
• 1Y: 3.54%
• 3Y*: 3.49%
• 5Y*: 0.21%
• 10Y*: —

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

JIBG.L vs. USCR.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%	-1.21%
USCR.L SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF	-0.77%	0.02%	3.99%	2.61%	-5.76%	-0.59%	-1.56%

Correlation

The correlation between JIBG.L and USCR.L is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Oct 23, 2020	0.82

The correlation between JIBG.L and USCR.L has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.

Return for Risk

JIBG.L vs. USCR.L — Risk / Return Rank

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

JIBG.L

JIBG.L Risk / Return Rank: 26
JIBG.L Sharpe Ratio Rank: 27
JIBG.L Sortino Ratio Rank: 27
JIBG.L Omega Ratio Rank: 24
JIBG.L Calmar Ratio Rank: 26
JIBG.L Martin Ratio Rank: 25

USCR.L

USCR.L Risk / Return Rank: 33
USCR.L Sharpe Ratio Rank: 32
USCR.L Sortino Ratio Rank: 30
USCR.L Omega Ratio Rank: 28
USCR.L Calmar Ratio Rank: 37
USCR.L Martin Ratio Rank: 36

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.

JIBG.L vs. USCR.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 SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (USCR.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	USCR.L	Difference
Sharpe ratio: Return per unit of total volatility	0.82	0.50	+0.32
Sortino ratio: Return per unit of downside risk	1.27	0.75	+0.52
Omega ratio: Gain probability vs. loss probability	1.15	1.09	+0.05
Calmar ratio: Return relative to maximum drawdown	1.07	0.67	+0.40
Martin ratio: Return relative to average drawdown	2.60	1.63	+0.96

JIBG.L vs. USCR.L - Sharpe Ratio Comparison

The current JIBG.L Sharpe Ratio is 0.82, which is higher than the USCR.L Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of JIBG.L and USCR.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JIBG.L vs. USCR.L - Drawdown Comparison

The maximum JIBG.L drawdown since its inception was -33.28%, which is greater than USCR.L's maximum drawdown of -13.98%. Use the drawdown chart below to compare losses from any high point for JIBG.L and USCR.L.

Drawdown Indicators

	JIBG.L	USCR.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.28%	-13.98%	-19.30%
Max Drawdown (1Y) Largest decline over 1 year	-4.64%	-5.26%	+0.62%
Max Drawdown (3Y) Largest decline over 3 years	-8.67%	-9.24%	+0.57%
Max Drawdown (5Y) Largest decline over 5 years	-12.77%	-13.75%	+0.98%
Current Drawdown Current decline from peak	-24.63%	-4.16%	-20.47%
Average Drawdown Average peak-to-trough decline	-27.37%	-6.61%	-20.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	2.16%	-0.25%

Volatility

JIBG.L vs. USCR.L - Volatility Comparison

The current volatility for JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JIBG.L) is 2.08%, while SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (USCR.L) has a volatility of 2.27%. This indicates that JIBG.L experiences smaller price fluctuations and is considered to be less risky than USCR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JIBG.L	USCR.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.08%	2.27%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	4.49%	5.67%	-1.18%
Volatility (1Y) Calculated over the trailing 1-year period	6.06%	7.07%	-1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.95%	9.45%	-0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.95%	9.35%	+3.60%

JIBG.L vs. USCR.L - Expense Ratio Comparison

JIBG.L has a 0.19% expense ratio, which is higher than USCR.L's 0.15% expense ratio. However, 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. USCR.L - Dividend Comparison

JIBG.L's dividend yield for the trailing twelve months is around 5.59%, while USCR.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
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%
USCR.L SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JIBG.L and USCR.L in my portfolio?

JIBG.L and USCR.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JIBG.L or USCR.L?

On fees, USCR.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JIBG.L or USCR.L?

USCR.L is cheaper with a 0.15% expense ratio, compared with 0.19% for JIBG.L.

What is the main difference between JIBG.L and USCR.L?

Both ETFs track Bloomberg US Corp Bond TR USD. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.19% for JIBG.L and 0.15% for USCR.L.