JREB.DE vs. IBCS.DE
JREB.DE (JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF) and IBCS.DE (iShares Euro Corporate Bond Large Cap UCITS ETF) are both European Corporate Bonds funds - JREB.DE tracks the JP Morgan EUR Corporate Bond Research Enhanced Index (ESG) while IBCS.DE tracks the iBoxx® EUR Liquid Corporates Large Cap. Both are passively managed. Over the past 5 years, JREB.DE returned 0.31%/yr vs -0.10%/yr for IBCS.DE. Their correlation of 0.86 suggests significant overlap in exposure. JREB.DE charges 0.04%/yr vs 0.20%/yr for IBCS.DE.
Performance
JREB.DE vs. IBCS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JREB.DE achieves a 1.28% return, which is significantly lower than IBCS.DE's 1.40% return.
JREB.DE
- 1D
- 0.15%
- 1M
- 0.67%
- YTD
- 1.28%
- 6M
- 1.39%
- 1Y
- 2.56%
- 3Y*
- 4.80%
- 5Y*
- 0.31%
- 10Y*
- —
IBCS.DE
- 1D
- 0.10%
- 1M
- 0.70%
- YTD
- 1.40%
- 6M
- 1.59%
- 1Y
- 2.39%
- 3Y*
- 4.46%
- 5Y*
- -0.10%
- 10Y*
- 0.79%
JREB.DE vs. IBCS.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 | 1.28% | 3.15% | 4.24% | 7.62% | -13.22% | -1.05% | 2.29% | 6.17% | 0.29% |
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 1.40% | 2.83% | 3.66% | 7.36% | -14.02% | -1.42% | 2.71% | 6.17% | 0.30% |
Correlation
The correlation between JREB.DE and IBCS.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2018 | 0.86 |
Over the past year, the correlation between JREB.DE and IBCS.DE has dropped to 0.65 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
JREB.DE vs. IBCS.DE — Risk / Return Rank
JREB.DE
IBCS.DE
JREB.DE vs. IBCS.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 iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.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.
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.
| JREB.DE | IBCS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.13 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 0.86 | -0.03 |
| Martin ratioReturn relative to average drawdown | 2.64 | 2.92 | -0.28 |
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Drawdowns
JREB.DE vs. IBCS.DE - Drawdown Comparison
The maximum JREB.DE drawdown since its inception was -17.22%, roughly equal to the maximum IBCS.DE drawdown of -17.87%. Use the drawdown chart below to compare losses from any high point for JREB.DE and IBCS.DE.
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Drawdown Indicators
| JREB.DE | IBCS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.22% | -17.87% | +0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -2.78% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -3.08% | -2.78% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -17.22% | -17.87% | +0.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.87% | — |
Current DrawdownCurrent decline from peak | -0.34% | -2.06% | +1.72% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -2.98% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.82% | +0.15% |
Volatility
JREB.DE vs. IBCS.DE - Volatility Comparison
JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JREB.DE) has a higher volatility of 1.13% compared to iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.DE) at 0.83%. This indicates that JREB.DE's price experiences larger fluctuations and is considered to be riskier than IBCS.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 | IBCS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 0.83% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 2.94% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.62% | 3.38% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.46% | 4.74% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 4.47% | +0.51% |
JREB.DE vs. IBCS.DE - Expense Ratio Comparison
JREB.DE has a 0.04% expense ratio, which is lower than IBCS.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. IBCS.DE - Dividend Comparison
JREB.DE has not paid dividends to shareholders, while IBCS.DE's dividend yield for the trailing twelve months is around 3.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 3.11% | 3.03% | 2.74% | 2.31% | 1.05% | 0.73% | 0.85% | 0.99% | 1.10% | 1.09% | 1.27% | 1.57% |
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 IBCS.DE have a correlation of 0.65, 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 IBCS.DE.
JREB.DE tracks JP Morgan EUR Corporate Bond Research Enhanced Index (ESG), while IBCS.DE tracks iBoxx® EUR Liquid Corporates Large Cap. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.04% for JREB.DE and 0.20% for IBCS.DE.
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