JRBE.L vs. VECP.L
JRBE.L (JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF) and VECP.L (Vanguard EUR Corporate Bond UCITS ETF Distributing) are both European Corporate Bonds funds tracking the Bloomberg Euro Corp TR EUR, from JPMorgan and Vanguard respectively. Both are passively managed. Over the past 5 years, JRBE.L returned 0.30%/yr vs 0.73%/yr for VECP.L. With a 0.98 correlation, they move nearly in lockstep. JRBE.L charges 0.04%/yr vs 0.09%/yr for VECP.L.
Performance
JRBE.L vs. VECP.L - Performance Comparison
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Returns By Period
In the year-to-date period, JRBE.L achieves a -0.44% return, which is significantly higher than VECP.L's -0.48% 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*
- —
VECP.L
- 1D
- 0.27%
- 1M
- 1.02%
- YTD
- -0.48%
- 6M
- -0.49%
- 1Y
- 4.68%
- 3Y*
- 4.97%
- 5Y*
- 0.73%
- 10Y*
- 2.41%
JRBE.L vs. VECP.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% |
VECP.L Vanguard EUR Corporate Bond UCITS ETF Distributing | -0.48% | 8.47% | 0.17% | 6.15% | -7.51% | -7.24% | 8.80% | 0.94% | 0.09% |
Correlation
The correlation between JRBE.L and VECP.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.98 |
The correlation between JRBE.L and VECP.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
JRBE.L vs. VECP.L — Risk / Return Rank
JRBE.L
VECP.L
JRBE.L vs. VECP.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 Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.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 | VECP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.16 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.21 | +0.01 |
| Martin ratioReturn relative to average drawdown | 3.13 | 3.08 | +0.05 |
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 | VECP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 0.97 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.12 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.33 | -0.24 |
Drawdowns
JRBE.L vs. VECP.L - Drawdown Comparison
The maximum JRBE.L drawdown since its inception was -21.46%, roughly equal to the maximum VECP.L drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for JRBE.L and VECP.L.
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Drawdown Indicators
| JRBE.L | VECP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.46% | -20.56% | -0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.97% | -3.86% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -3.97% | -3.86% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -16.77% | -16.13% | -0.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.56% | — |
Current DrawdownCurrent decline from peak | -5.72% | -3.44% | -2.28% |
Average DrawdownAverage peak-to-trough decline | -9.85% | -7.60% | -2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.52% | +0.03% |
Volatility
JRBE.L vs. VECP.L - Volatility Comparison
JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JRBE.L) and Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.L) have volatilities of 1.46% and 1.45%, 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 | VECP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.45% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 3.64% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.76% | 4.82% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.15% | 6.17% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 7.58% | -0.48% |
JRBE.L vs. VECP.L - Expense Ratio Comparison
JRBE.L has a 0.04% expense ratio, which is lower than VECP.L's 0.09% 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. VECP.L - Dividend Comparison
JRBE.L has not paid dividends to shareholders, while VECP.L's dividend yield for the trailing twelve months is around 3.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VECP.L Vanguard EUR Corporate Bond UCITS ETF Distributing | 3.42% | 3.37% | 4.05% | 3.45% | 2.12% | 0.94% | 0.99% | 0.93% | 1.10% | 1.23% | 1.04% |
Frequently Asked Questions
With a correlation of 0.99, JRBE.L and VECP.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.09% for VECP.L.
Both ETFs track Bloomberg Euro Corp TR EUR. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.04% for JRBE.L and 0.09% for VECP.L.
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