JIBG.L vs. VUCP.L

Last updated Jun 25, 2026

JIBG.L (JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF) and VUCP.L (Vanguard USD Corporate Bond UCITS ETF Distributing) are both Corporate Bonds funds tracking the Bloomberg US Corp Bond TR USD, from JPMorgan and Vanguard respectively. Both are passively managed. Over the past 5 years, JIBG.L returned 1.59%/yr vs 1.75%/yr for VUCP.L. With a 0.97 correlation, they move nearly in lockstep. JIBG.L charges 0.19%/yr vs 0.09%/yr for VUCP.L.

Performance

JIBG.L vs. VUCP.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 Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JIBG.L achieves a 3.34% return, which is significantly higher than VUCP.L's 3.11% return.

JIBG.L

• 1D: 0.78%
• 1M: 3.64%
• YTD: 3.34%
• 6M: 4.08%
• 1Y: 9.29%
• 3Y*: 4.15%
• 5Y*: 1.59%
• 10Y*: —

VUCP.L

• 1D: 0.67%
• 1M: 3.45%
• YTD: 3.11%
• 6M: 4.04%
• 1Y: 8.77%
• 3Y*: 4.30%
• 5Y*: 1.75%
• 10Y*: 3.04%

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

JIBG.L vs. VUCP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JIBG.L JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF	3.34%	0.49%	3.97%	2.30%	-5.70%	-0.65%	-24.58%
VUCP.L Vanguard USD Corporate Bond UCITS ETF Distributing	3.11%	0.35%	4.48%	2.22%	-4.79%	0.07%	-1.93%

Correlation

The correlation between JIBG.L and VUCP.L is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Sep 9, 2020	0.97

The correlation between JIBG.L and VUCP.L has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

Return for Risk

JIBG.L vs. VUCP.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: 47
JIBG.L Sharpe Ratio Rank: 50
JIBG.L Sortino Ratio Rank: 55
JIBG.L Omega Ratio Rank: 49
JIBG.L Calmar Ratio Rank: 45
JIBG.L Martin Ratio Rank: 36

VUCP.L

VUCP.L Risk / Return Rank: 43
VUCP.L Sharpe Ratio Rank: 46
VUCP.L Sortino Ratio Rank: 50
VUCP.L Omega Ratio Rank: 43
VUCP.L Calmar Ratio Rank: 41
VUCP.L Martin Ratio Rank: 33

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. VUCP.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 Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.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	VUCP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.43	+0.09
Sortino ratio: Return per unit of downside risk	2.33	2.19	+0.14
Omega ratio: Gain probability vs. loss probability	1.27	1.25	+0.02
Calmar ratio: Return relative to maximum drawdown	1.99	1.86	+0.14
Martin ratio: Return relative to average drawdown	4.99	4.46	+0.53

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

The current JIBG.L Sharpe Ratio is 1.52, which is comparable to the VUCP.L Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of JIBG.L and VUCP.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. VUCP.L - Drawdown Comparison

The maximum JIBG.L drawdown since its inception was -33.28%, which is greater than VUCP.L's maximum drawdown of -15.05%. Use the drawdown chart below to compare losses from any high point for JIBG.L and VUCP.L.

Drawdown Indicators

	JIBG.L	VUCP.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.28%	-15.05%	-18.23%
Max Drawdown (1Y) Largest decline over 1 year	-4.64%	-4.71%	+0.07%
Max Drawdown (3Y) Largest decline over 3 years	-8.67%	-8.61%	-0.06%
Max Drawdown (5Y) Largest decline over 5 years	-12.77%	-12.60%	-0.17%
Max Drawdown (10Y) Largest decline over 10 years	—	-15.05%	—
Current Drawdown Current decline from peak	-22.33%	-0.98%	-21.35%
Average Drawdown Average peak-to-trough decline	-27.41%	-6.37%	-21.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	1.96%	-0.10%

Volatility

JIBG.L vs. VUCP.L - Volatility Comparison

JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JIBG.L) and Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.L) have volatilities of 1.77% and 1.78%, 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.

Volatility by Period

	JIBG.L	VUCP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.77%	1.78%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	4.56%	4.63%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	6.11%	6.13%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.96%	8.49%	+0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.01%	9.43%	+3.58%

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

JIBG.L has a 0.19% expense ratio, which is higher than VUCP.L's 0.09% 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. VUCP.L - Dividend Comparison

JIBG.L's dividend yield for the trailing twelve months is around 5.13%, more than VUCP.L's 5.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JIBG.L JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF	5.13%	4.93%	5.37%	4.10%	3.94%	6.87%	0.10%	0.00%	0.00%	0.00%	0.00%
VUCP.L Vanguard USD Corporate Bond UCITS ETF Distributing	5.05%	5.29%	4.89%	4.45%	3.42%	2.54%	3.02%	3.37%	3.43%	3.32%	2.30%

Frequently Asked Questions

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

With a correlation of 0.97, JIBG.L and VUCP.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.

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

On fees, VUCP.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

VUCP.L is cheaper with a 0.09% expense ratio, compared with 0.19% for JIBG.L.

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

Both ETFs track Bloomberg US Corp Bond TR USD. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.19% for JIBG.L and 0.09% for VUCP.L.