JR15.L vs. AT1P.L
JR15.L (JPMorgan ETFs Ireland ICAV - JPM EUR 1-5 yr IG Corporate Bond Active UCITS ETF - EUR (acc)) and AT1P.L (Invesco USD AT1 CoCo Bond UCITS ETF Acc) are both exchange-traded funds - JR15.L is a Corporate Bonds fund actively managed by JPMorgan, while AT1P.L is a Preferred Stock/Convertible Bonds fund tracking the iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) Index. JR15.L is actively managed, while AT1P.L is passively managed. Over the past 5 years, JR15.L returned 1.12%/yr vs 3.58%/yr for AT1P.L. At a 0.16 correlation, their price movements are largely independent. JR15.L charges 0.19%/yr vs 0.39%/yr for AT1P.L.
Performance
JR15.L vs. AT1P.L - Performance Comparison
Loading charts...
Different Trading Currencies
JR15.L is traded in EUR, while AT1P.L is traded in GBp. To make them comparable, the AT1P.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, JR15.L achieves a 0.51% return, which is significantly lower than AT1P.L's 4.73% 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*
- —
AT1P.L
- 1D
- -0.20%
- 1M
- 1.66%
- 6M
- 3.25%
- YTD
- 4.73%
- 1Y
- 8.75%
- 3Y*
- 10.11%
- 5Y*
- 3.58%
- 10Y*
- —
JR15.L vs. AT1P.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% |
AT1P.L Invesco USD AT1 CoCo Bond UCITS ETF Acc | 4.73% | -2.19% | 17.58% | -1.25% | -4.06% | 11.59% | -0.85% | 22.11% | -0.21% |
Correlation
The correlation between JR15.L and AT1P.L is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2018 | 0.16 |
The correlation between JR15.L and AT1P.L shifts across timeframes, from 0.04 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JR15.L vs. AT1P.L — Risk / Return Rank
JR15.L
AT1P.L
JR15.L vs. AT1P.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 Invesco USD AT1 CoCo Bond UCITS ETF Acc (AT1P.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 | AT1P.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.27 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 3.16 | -2.35 |
| Martin ratioReturn relative to average drawdown | 2.92 | 9.01 | -6.10 |
Loading charts...
Drawdowns
JR15.L vs. AT1P.L - Drawdown Comparison
The maximum JR15.L drawdown since its inception was -10.19%, smaller than the maximum AT1P.L drawdown of -29.75%. Use the drawdown chart below to compare losses from any high point for JR15.L and AT1P.L.
Loading charts...
Drawdown Indicators
| JR15.L | AT1P.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.19% | -29.75% | +19.56% |
Max Drawdown (1Y)Largest decline over 1 year | -1.97% | -2.96% | +0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -1.97% | -12.11% | +10.14% |
Max Drawdown (5Y)Largest decline over 5 years | -10.19% | -22.57% | +12.38% |
Current DrawdownCurrent decline from peak | -0.51% | -0.81% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -4.57% | +2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 1.04% | -0.49% |
Volatility
JR15.L vs. AT1P.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 Invesco USD AT1 CoCo Bond UCITS ETF Acc (AT1P.L) has a volatility of 1.55%. This indicates that JR15.L experiences smaller price fluctuations and is considered to be less risky than AT1P.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JR15.L | AT1P.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 1.55% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.80% | 4.48% | -2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.94% | 6.30% | -4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.56% | 9.87% | -7.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.11% | 11.77% | -8.66% |
JR15.L vs. AT1P.L - Expense Ratio Comparison
JR15.L has a 0.19% expense ratio, which is lower than AT1P.L's 0.39% expense ratio.
Dividends
JR15.L vs. AT1P.L - Dividend Comparison
Neither JR15.L nor AT1P.L has paid dividends to shareholders.
Frequently Asked Questions
JR15.L and AT1P.L have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JR15.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JR15.L is cheaper with a 0.19% expense ratio, compared with 0.39% for AT1P.L.
JR15.L is categorized as Corporate Bonds, while AT1P.L is Preferred Stock/Convertible Bonds. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.19% for JR15.L and 0.39% for AT1P.L.
Find the right allocation for JR15.L and AT1P.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer