JRBE.L vs. XBLC.L

Last updated Jun 5, 2026

JRBE.L (JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF) and XBLC.L (Xtrackers II EUR Corporate Bond UCITS ETF 1C) are both European Corporate Bonds funds tracking the Bloomberg Euro Corp TR EUR, from JPMorgan and Xtrackers respectively. Both are passively managed. Over the past 5 years, JRBE.L returned 0.30%/yr vs 0.22%/yr for XBLC.L. Their correlation of 0.86 suggests significant overlap in exposure. JRBE.L charges 0.04%/yr vs 0.12%/yr for XBLC.L.

Performance

JRBE.L vs. XBLC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JRBE.L) and Xtrackers II EUR Corporate Bond UCITS ETF 1C (XBLC.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JRBE.L is traded in GBP, while XBLC.L is traded in EUR. To make them comparable, the XBLC.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 XBLC.L's -0.18% 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*: —

XBLC.L

• 1D: 0.23%
• 1M: 0.94%
• YTD: -0.18%
• 6M: -0.53%
• 1Y: 4.62%
• 3Y*: 4.71%
• 5Y*: 0.22%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JRBE.L vs. XBLC.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%
XBLC.L Xtrackers II EUR Corporate Bond UCITS ETF 1C	-0.20%	8.46%	-0.39%	5.36%	-8.81%	-6.92%	8.32%	0.25%	0.11%

Correlation

The correlation between JRBE.L and XBLC.L is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018	0.86

The correlation between JRBE.L and XBLC.L has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.

Return for Risk

JRBE.L vs. XBLC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JRBE.L

JRBE.L Risk / Return Rank: 27
JRBE.L Sharpe Ratio Rank: 29
JRBE.L Sortino Ratio Rank: 28
JRBE.L Omega Ratio Rank: 26
JRBE.L Calmar Ratio Rank: 26
JRBE.L Martin Ratio Rank: 24

XBLC.L

XBLC.L Risk / Return Rank: 19
XBLC.L Sharpe Ratio Rank: 20
XBLC.L Sortino Ratio Rank: 18
XBLC.L Omega Ratio Rank: 20
XBLC.L Calmar Ratio Rank: 18
XBLC.L Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JRBE.L vs. XBLC.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 Xtrackers II EUR Corporate Bond UCITS ETF 1C (XBLC.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	XBLC.L	Difference
Sharpe ratio: Return per unit of total volatility	1.01	0.96	+0.06
Sortino ratio: Return per unit of downside risk	1.50	1.42	+0.08
Omega ratio: Gain probability vs. loss probability	1.18	1.17	+0.01
Calmar ratio: Return relative to maximum drawdown	1.22	1.23	-0.01
Martin ratio: Return relative to average drawdown	3.13	3.14	-0.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JRBE.L vs. XBLC.L - Sharpe Ratio Comparison

The current JRBE.L Sharpe Ratio is 1.01, which is comparable to the XBLC.L Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of JRBE.L and XBLC.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JRBE.L	XBLC.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	0.04	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.10	-0.01

Drawdowns

JRBE.L vs. XBLC.L - Drawdown Comparison

The maximum JRBE.L drawdown since its inception was -21.46%, roughly equal to the maximum XBLC.L drawdown of -21.28%. Use the drawdown chart below to compare losses from any high point for JRBE.L and XBLC.L.

Drawdown Indicators

	JRBE.L	XBLC.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.46%	-21.28%	-0.18%
Max Drawdown (1Y) Largest decline over 1 year	-3.97%	-3.75%	-0.22%
Max Drawdown (3Y) Largest decline over 3 years	-3.97%	-3.75%	-0.22%
Max Drawdown (5Y) Largest decline over 5 years	-16.77%	-16.74%	-0.03%
Current Drawdown Current decline from peak	-5.72%	-5.88%	+0.16%
Average Drawdown Average peak-to-trough decline	-9.85%	-8.83%	-1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	1.47%	+0.08%

Volatility

JRBE.L vs. XBLC.L - Volatility Comparison

The current volatility for JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JRBE.L) is 1.46%, while Xtrackers II EUR Corporate Bond UCITS ETF 1C (XBLC.L) has a volatility of 1.57%. This indicates that JRBE.L experiences smaller price fluctuations and is considered to be less risky than XBLC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRBE.L	XBLC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.46%	1.57%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	3.67%	3.68%	-0.01%
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%	6.24%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.10%	6.90%	+0.20%

JRBE.L vs. XBLC.L - Expense Ratio Comparison

JRBE.L has a 0.04% expense ratio, which is lower than XBLC.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. XBLC.L - Dividend Comparison

Neither JRBE.L nor XBLC.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JRBE.L and XBLC.L in my portfolio?

JRBE.L and XBLC.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JRBE.L or XBLC.L?

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.

Which ETF is cheaper, JRBE.L or XBLC.L?

JRBE.L is cheaper with a 0.04% expense ratio, compared with 0.12% for XBLC.L.

What is the main difference between JRBE.L and XBLC.L?

Both ETFs track Bloomberg Euro Corp TR EUR. They also come from different issuers: JPMorgan and Xtrackers. Their fees differ too: 0.04% for JRBE.L and 0.12% for XBLC.L.