JPMB.L vs. IE15.L
JPMB.L (JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist)) and IE15.L (iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)) are both Global Bonds funds - JPMB.L tracks the JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist) while IE15.L tracks the iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist). Both are passively managed. Over the past 5 years, JPMB.L returned 1.32%/yr vs 0.16%/yr for IE15.L. At a 0.38 correlation, their price movements are largely independent. JPMB.L charges 0.39%/yr vs 0.20%/yr for IE15.L.
Performance
JPMB.L vs. IE15.L - Performance Comparison
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Different Trading Currencies
JPMB.L is traded in USD, while IE15.L is traded in EUR. To make them comparable, the IE15.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, JPMB.L achieves a 1.73% return, which is significantly higher than IE15.L's -3.27% return.
JPMB.L
- 1D
- 0.11%
- 1M
- -0.58%
- 6M
- 2.01%
- YTD
- 1.73%
- 1Y
- 9.61%
- 3Y*
- 7.36%
- 5Y*
- 1.32%
- 10Y*
- —
IE15.L
- 1D
- 0.00%
- 1M
- -1.12%
- 6M
- -2.63%
- YTD
- -3.27%
- 1Y
- -1.10%
- 3Y*
- 4.45%
- 5Y*
- 0.16%
- 10Y*
- 1.14%
JPMB.L vs. IE15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JPMB.L JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist) | 1.73% | 13.29% | 1.97% | 9.51% | -16.15% | -2.40% | 5.30% | 18.66% | -3.06% |
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | -3.27% | 17.31% | -2.11% | 9.11% | -13.33% | -7.12% | 10.01% | 0.63% | -8.47% |
Correlation
The correlation between JPMB.L and IE15.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | 0.38 |
The correlation between JPMB.L and IE15.L shifts across timeframes, from 0.38 (all time) to 0.48 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JPMB.L vs. IE15.L — Risk / Return Rank
JPMB.L
IE15.L
JPMB.L vs. IE15.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist) (JPMB.L) and iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.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.
| JPMB.L | IE15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +3.12 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.97 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | -0.25 | +2.42 |
| Martin ratioReturn relative to average drawdown | 9.45 | -0.55 | +10.00 |
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Drawdowns
JPMB.L vs. IE15.L - Drawdown Comparison
The maximum JPMB.L drawdown since its inception was -26.70%, smaller than the maximum IE15.L drawdown of -31.96%. Use the drawdown chart below to compare losses from any high point for JPMB.L and IE15.L.
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Drawdown Indicators
| JPMB.L | IE15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.70% | -31.96% | +5.26% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -6.14% | +1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -7.27% | -8.00% | +0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -25.95% | -27.14% | +1.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.41% | — |
Current DrawdownCurrent decline from peak | -0.71% | -6.75% | +6.04% |
Average DrawdownAverage peak-to-trough decline | -6.95% | -12.28% | +5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 2.80% | -1.76% |
Volatility
JPMB.L vs. IE15.L - Volatility Comparison
The current volatility for JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist) (JPMB.L) is 1.01%, while iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) has a volatility of 1.41%. This indicates that JPMB.L experiences smaller price fluctuations and is considered to be less risky than IE15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPMB.L | IE15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.41% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 4.55% | 5.35% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.41% | 7.24% | -1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.48% | 8.45% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.61% | 8.04% | +1.57% |
JPMB.L vs. IE15.L - Expense Ratio Comparison
JPMB.L has a 0.39% expense ratio, which is higher than IE15.L's 0.20% expense ratio.
Dividends
JPMB.L vs. IE15.L - Dividend Comparison
JPMB.L's dividend yield for the trailing twelve months is around 5.89%, more than IE15.L's 3.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | 3.00% | 2.92% | 2.50% | 1.41% | 0.51% | 0.57% | 0.59% | 0.62% | 0.62% | 0.68% | 0.90% | 0.56% |
JPMB.L JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist) | 5.89% | 5.98% | 5.84% | 5.31% | 5.49% | 4.13% | 4.08% | 4.41% | 4.13% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPMB.L and IE15.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IE15.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IE15.L is cheaper with a 0.20% expense ratio, compared with 0.39% for JPMB.L.
JPMB.L tracks JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist), while IE15.L tracks iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist). They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.39% for JPMB.L and 0.20% for IE15.L.
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