JRBE.L vs. EUCO.L
JRBE.L (JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF) and EUCO.L (SPDR Bloomberg Euro Corporate Bond UCITS ETF) are both European Corporate Bonds funds tracking the Bloomberg Euro Corp TR EUR, from JPMorgan and State Street respectively. Both are passively managed. Over the past 5 years, JRBE.L returned 0.30%/yr vs 0.15%/yr for EUCO.L. Their correlation of 0.84 suggests significant overlap in exposure. JRBE.L charges 0.04%/yr vs 0.12%/yr for EUCO.L.
Performance
JRBE.L vs. EUCO.L - Performance Comparison
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Different Trading Currencies
JRBE.L is traded in GBP, while EUCO.L is traded in EUR. To make them comparable, the EUCO.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, JRBE.L achieves a -0.44% return, which is significantly lower than EUCO.L's -0.20% return.
JRBE.L
- 1D
- 0.22%
- 1M
- 1.03%
- YTD
- -0.44%
- 6M
- -0.44%
- 1Y
- 4.85%
- 3Y*
- 4.75%
- 5Y*
- 0.30%
- 10Y*
- —
EUCO.L
- 1D
- 0.22%
- 1M
- 0.93%
- YTD
- -0.20%
- 6M
- -0.56%
- 1Y
- 4.66%
- 3Y*
- 4.72%
- 5Y*
- 0.15%
- 10Y*
- 2.01%
JRBE.L vs. EUCO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JRBE.L JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF | -0.44% | 8.52% | -0.35% | 5.53% | -8.30% | -7.59% | 8.06% | 0.11% | 0.48% |
EUCO.L SPDR Bloomberg Euro Corporate Bond UCITS ETF | -0.20% | 8.42% | -0.29% | 5.49% | -9.21% | -7.07% | 8.44% | 0.68% | 0.15% |
Correlation
The correlation between JRBE.L and EUCO.L is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.84 |
The correlation between JRBE.L and EUCO.L has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.
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Return for Risk
JRBE.L vs. EUCO.L — Risk / Return Rank
JRBE.L
EUCO.L
JRBE.L vs. EUCO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JRBE.L) and SPDR Bloomberg Euro Corporate Bond UCITS ETF (EUCO.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.
| JRBE.L | EUCO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.17 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.26 | -0.04 |
| Martin ratioReturn relative to average drawdown | 3.13 | 3.19 | -0.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JRBE.L | EUCO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 0.96 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.02 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.25 | -0.16 |
Drawdowns
JRBE.L vs. EUCO.L - Drawdown Comparison
The maximum JRBE.L drawdown since its inception was -21.46%, roughly equal to the maximum EUCO.L drawdown of -21.73%. Use the drawdown chart below to compare losses from any high point for JRBE.L and EUCO.L.
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Drawdown Indicators
| JRBE.L | EUCO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.46% | -21.73% | +0.27% |
Max Drawdown (1Y)Largest decline over 1 year | -3.97% | -3.69% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -3.97% | -3.69% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -16.77% | -17.15% | +0.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.73% | — |
Current DrawdownCurrent decline from peak | -5.72% | -6.32% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -9.85% | -8.51% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.46% | +0.09% |
Volatility
JRBE.L vs. EUCO.L - Volatility Comparison
JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JRBE.L) and SPDR Bloomberg Euro Corporate Bond UCITS ETF (EUCO.L) have volatilities of 1.46% and 1.53%, 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.
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Volatility by Period
| JRBE.L | EUCO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.53% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 3.73% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.76% | 4.85% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.15% | 6.33% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 7.69% | -0.59% |
JRBE.L vs. EUCO.L - Expense Ratio Comparison
JRBE.L has a 0.04% expense ratio, which is lower than EUCO.L's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
JRBE.L vs. EUCO.L - Dividend Comparison
JRBE.L has not paid dividends to shareholders, while EUCO.L's dividend yield for the trailing twelve months is around 3.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUCO.L SPDR Bloomberg Euro Corporate Bond UCITS ETF | 3.26% | 3.25% | 3.07% | 2.13% | 0.96% | 0.89% | 0.86% | 1.38% | 0.89% | 1.21% | 1.36% | 1.71% |
JRBE.L JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JRBE.L and EUCO.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JRBE.L is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JRBE.L is cheaper with a 0.04% expense ratio, compared with 0.12% for EUCO.L.
Both ETFs track Bloomberg Euro Corp TR EUR. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.04% for JRBE.L and 0.12% for EUCO.L.
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