JR15.L vs. JRBE.L
JR15.L (JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc)) and JRBE.L (JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF) are both European Corporate Bonds funds from JPMorgan. JR15.L is actively managed, while JRBE.L is passively managed. Over the past 5 years, JR15.L returned 1.11%/yr vs 0.11%/yr for JRBE.L. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.04% expense ratio.
Performance
JR15.L vs. JRBE.L - Performance Comparison
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Different Trading Currencies
JR15.L is traded in EUR, while JRBE.L is traded in GBP. To make them comparable, the JRBE.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 0.45% return, which is significantly lower than JRBE.L's 0.62% return.
JR15.L
- 1D
- -0.06%
- 1M
- -0.24%
- 6M
- 0.24%
- YTD
- 0.45%
- 1Y
- 1.52%
- 3Y*
- 4.16%
- 5Y*
- 1.11%
- 10Y*
- —
JRBE.L
- 1D
- 0.10%
- 1M
- -0.24%
- 6M
- 0.35%
- YTD
- 0.62%
- 1Y
- 1.62%
- 3Y*
- 4.60%
- 5Y*
- 0.11%
- 10Y*
- —
JR15.L vs. JRBE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JR15.L JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc) | 0.45% | 3.45% | 4.35% | 6.21% | -7.76% | -0.38% | 0.84% | 2.40% | 0.22% |
JRBE.L JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF | 0.62% | 2.85% | 4.47% | 7.76% | -13.02% | -1.58% | 2.19% | 6.48% | -10.46% |
Correlation
The correlation between JR15.L and JRBE.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2018 | 0.61 |
The correlation between JR15.L and JRBE.L shifts across timeframes, from 0.61 (all time) to 0.75 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JR15.L vs. JRBE.L — Risk / Return Rank
JR15.L
JRBE.L
JR15.L vs. JRBE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc) (JR15.L) and JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JRBE.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 | JRBE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.09 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 0.61 | +0.16 |
| Martin ratioReturn relative to average drawdown | 2.77 | 2.04 | +0.74 |
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Drawdowns
JR15.L vs. JRBE.L - Drawdown Comparison
The maximum JR15.L drawdown since its inception was -10.19%, smaller than the maximum JRBE.L drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for JR15.L and JRBE.L.
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Drawdown Indicators
| JR15.L | JRBE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.19% | -19.64% | +9.45% |
Max Drawdown (1Y)Largest decline over 1 year | -1.97% | -3.02% | +1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -1.97% | -3.02% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -10.19% | -17.75% | +7.56% |
Current DrawdownCurrent decline from peak | -0.57% | -2.91% | +2.34% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -7.90% | +5.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.90% | -0.35% |
Volatility
JR15.L vs. JRBE.L - Volatility Comparison
The current volatility for JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc) (JR15.L) is 0.51%, while JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JRBE.L) has a volatility of 0.83%. This indicates that JR15.L experiences smaller price fluctuations and is considered to be less risky than JRBE.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 | JRBE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 0.83% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 1.80% | 3.06% | -1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.95% | 3.55% | -1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.56% | 5.26% | -2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.11% | 7.20% | -4.09% |
JR15.L vs. JRBE.L - Expense Ratio Comparison
Both JR15.L and JRBE.L have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
JR15.L vs. JRBE.L - Dividend Comparison
Neither JR15.L nor JRBE.L has paid dividends to shareholders.
Frequently Asked Questions
JR15.L and JRBE.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.04% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JR15.L and JRBE.L have the same expense ratio: 0.04% per year.
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