JR15.L vs. 0FLE.L
JR15.L (JPMorgan ETFs Ireland ICAV - JPM EUR 1-5 yr IG Corporate Bond Active UCITS ETF - EUR (acc)) and 0FLE.L (iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist)) are both exchange-traded funds - JR15.L is a Corporate Bonds fund actively managed by JPMorgan, while 0FLE.L is a Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note<5 Years Index. JR15.L is actively managed, while 0FLE.L is passively managed. Over the past 5 years, JR15.L returned 1.12%/yr vs 2.60%/yr for 0FLE.L. At a 0.06 correlation, their price movements are largely independent. JR15.L charges 0.19%/yr vs 0.12%/yr for 0FLE.L.
Performance
JR15.L vs. 0FLE.L - Performance Comparison
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Returns By Period
In the year-to-date period, JR15.L achieves a 0.51% return, which is significantly lower than 0FLE.L's 2.21% return.
JR15.L
- 1D
- -0.05%
- 1M
- -0.25%
- 6M
- 0.26%
- YTD
- 0.51%
- 1Y
- 1.64%
- 3Y*
- 4.28%
- 5Y*
- 1.12%
- 10Y*
- —
0FLE.L
- 1D
- 0.54%
- 1M
- 1.01%
- 6M
- 1.97%
- YTD
- 2.21%
- 1Y
- 3.40%
- 3Y*
- 3.94%
- 5Y*
- 2.60%
- 10Y*
- —
JR15.L vs. 0FLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JR15.L JPMorgan ETFs Ireland ICAV - JPM EUR 1-5 yr IG Corporate Bond Active UCITS ETF - EUR (acc) | 0.51% | 3.45% | 4.35% | 6.21% | -7.76% | -0.38% | 0.84% | 2.40% | 0.22% |
0FLE.L iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) | 2.21% | 2.69% | 4.89% | 4.20% | -0.49% | -0.51% | -1.77% | 2.79% | -0.62% |
Correlation
The correlation between JR15.L and 0FLE.L is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2018 | 0.06 |
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Return for Risk
JR15.L vs. 0FLE.L — Risk / Return Rank
JR15.L
0FLE.L
JR15.L vs. 0FLE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan ETFs Ireland ICAV - JPM EUR 1-5 yr IG Corporate Bond Active UCITS ETF - EUR (acc) (JR15.L) and iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) (0FLE.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.
| JR15.L | 0FLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.41 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 4.81 | -4.01 |
| Martin ratioReturn relative to average drawdown | 2.92 | 13.29 | -10.38 |
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Drawdowns
JR15.L vs. 0FLE.L - Drawdown Comparison
The maximum JR15.L drawdown since its inception was -10.19%, which is greater than 0FLE.L's maximum drawdown of -3.91%. Use the drawdown chart below to compare losses from any high point for JR15.L and 0FLE.L.
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Drawdown Indicators
| JR15.L | 0FLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.19% | -3.91% | -6.28% |
Max Drawdown (1Y)Largest decline over 1 year | -1.97% | -0.71% | -1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -1.97% | -2.86% | +0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -10.19% | -2.86% | -7.33% |
Current DrawdownCurrent decline from peak | -0.51% | 0.00% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -1.25% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.26% | +0.29% |
Volatility
JR15.L vs. 0FLE.L - Volatility Comparison
The current volatility for JPMorgan ETFs Ireland ICAV - JPM EUR 1-5 yr IG Corporate Bond Active UCITS ETF - EUR (acc) (JR15.L) is 0.51%, while iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) (0FLE.L) has a volatility of 1.57%. This indicates that JR15.L experiences smaller price fluctuations and is considered to be less risky than 0FLE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JR15.L | 0FLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 1.57% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.80% | 2.14% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.94% | 2.76% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.56% | 3.74% | -1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.11% | 3.07% | +0.04% |
JR15.L vs. 0FLE.L - Expense Ratio Comparison
JR15.L has a 0.19% expense ratio, which is higher than 0FLE.L's 0.12% 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
JR15.L vs. 0FLE.L - Dividend Comparison
JR15.L has not paid dividends to shareholders, while 0FLE.L's dividend yield for the trailing twelve months is around 4.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
0FLE.L iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) | 4.69% | 5.04% | 6.01% | 5.52% | 1.49% | 0.58% | 1.60% | 2.96% | 2.07% | 0.36% |
JR15.L JPMorgan ETFs Ireland ICAV - JPM EUR 1-5 yr IG Corporate Bond Active UCITS ETF - EUR (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JR15.L and 0FLE.L have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 0FLE.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
0FLE.L is cheaper with a 0.12% expense ratio, compared with 0.19% for JR15.L.
JR15.L is categorized as Corporate Bonds, while 0FLE.L is Ultrashort Bond. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.19% for JR15.L and 0.12% for 0FLE.L.
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