JREB.DE vs. EL49.DE
JREB.DE (JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF) and EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) are both European Corporate Bonds funds - JREB.DE tracks the JP Morgan EUR Corporate Bond Research Enhanced Index (ESG) while EL49.DE tracks the iBoxx® EUR Liquid Corporates Diversified. Both are passively managed. Over the past 5 years, JREB.DE returned 0.14%/yr vs -0.16%/yr for EL49.DE. Their correlation of 0.86 suggests significant overlap in exposure. JREB.DE charges 0.04%/yr vs 0.20%/yr for EL49.DE.
Performance
JREB.DE vs. EL49.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JREB.DE achieves a 0.57% return, which is significantly higher than EL49.DE's 0.49% return.
JREB.DE
- 1D
- 0.06%
- 1M
- 0.26%
- YTD
- 0.57%
- 6M
- 0.53%
- 1Y
- 2.34%
- 3Y*
- 4.65%
- 5Y*
- 0.14%
- 10Y*
- —
EL49.DE
- 1D
- 0.02%
- 1M
- 0.35%
- YTD
- 0.49%
- 6M
- 0.22%
- 1Y
- 1.76%
- 3Y*
- 4.31%
- 5Y*
- -0.16%
- 10Y*
- 0.63%
JREB.DE vs. EL49.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JREB.DE JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF | 0.57% | 3.18% | 4.24% | 7.63% | -13.23% | -1.04% | 2.29% | 6.17% | 0.12% |
EL49.DE Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF | 0.49% | 2.66% | 4.06% | 7.13% | -13.01% | -1.51% | 1.80% | 5.80% | 0.21% |
Correlation
The correlation between JREB.DE and EL49.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.86 |
The correlation between JREB.DE and EL49.DE has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
JREB.DE vs. EL49.DE — Risk / Return Rank
JREB.DE
EL49.DE
JREB.DE vs. EL49.DE - 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 (JREB.DE) and Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE). 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.
| JREB.DE | EL49.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.07 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.46 | +0.25 |
| Martin ratioReturn relative to average drawdown | 2.52 | 1.52 | +1.00 |
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
| JREB.DE | EL49.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.36 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | -0.03 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.47 | -0.25 |
Drawdowns
JREB.DE vs. EL49.DE - Drawdown Comparison
The maximum JREB.DE drawdown since its inception was -17.22%, roughly equal to the maximum EL49.DE drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for JREB.DE and EL49.DE.
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Drawdown Indicators
| JREB.DE | EL49.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.22% | -16.77% | -0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -3.05% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -2.83% | -3.05% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -17.22% | -16.77% | -0.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.77% | — |
Current DrawdownCurrent decline from peak | -0.76% | -1.87% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -3.21% | -1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.92% | -0.12% |
Volatility
JREB.DE vs. EL49.DE - Volatility Comparison
The current volatility for JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JREB.DE) is 1.16%, while Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) has a volatility of 1.28%. This indicates that JREB.DE experiences smaller price fluctuations and is considered to be less risky than EL49.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JREB.DE | EL49.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.28% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 3.42% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.17% | 3.85% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.39% | 4.88% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.96% | 5.25% | -0.29% |
JREB.DE vs. EL49.DE - Expense Ratio Comparison
JREB.DE has a 0.04% expense ratio, which is lower than EL49.DE's 0.20% 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
JREB.DE vs. EL49.DE - Dividend Comparison
JREB.DE has not paid dividends to shareholders, while EL49.DE's dividend yield for the trailing twelve months is around 3.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL49.DE Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF | 3.49% | 3.50% | 3.24% | 3.04% | 0.75% | 0.69% | 0.69% | 0.88% | 0.75% | 1.15% | 1.52% | 1.82% |
JREB.DE 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
JREB.DE and EL49.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JREB.DE is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREB.DE is cheaper with a 0.04% expense ratio, compared with 0.20% for EL49.DE.
JREB.DE tracks JP Morgan EUR Corporate Bond Research Enhanced Index (ESG), while EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified. They also come from different issuers: JPMorgan and Deka. Their fees differ too: 0.04% for JREB.DE and 0.20% for EL49.DE.
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