JREB.DE vs. TCBT.DE
JREB.DE (JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF) and TCBT.DE (VanEck iBoxx EUR Corporates UCITS ETF) are both European Corporate Bonds funds - JREB.DE tracks the JP Morgan EUR Corporate Bond Research Enhanced Index (ESG) while TCBT.DE tracks the iBoxx® SD-KPI EUR Liquid Corporates. Both are passively managed. Over the past 5 years, JREB.DE returned 0.14%/yr vs -0.18%/yr for TCBT.DE. Their correlation of 0.92 suggests significant overlap in exposure. JREB.DE charges 0.04%/yr vs 0.15%/yr for TCBT.DE.
Performance
JREB.DE vs. TCBT.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 TCBT.DE's 0.36% 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*
- —
TCBT.DE
- 1D
- -0.09%
- 1M
- -0.28%
- YTD
- 0.36%
- 6M
- 0.13%
- 1Y
- 1.72%
- 3Y*
- 3.98%
- 5Y*
- -0.18%
- 10Y*
- —
JREB.DE vs. TCBT.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% |
TCBT.DE VanEck iBoxx EUR Corporates UCITS ETF | 0.36% | 2.42% | 3.35% | 8.23% | -13.49% | -1.27% | 2.29% | 6.99% | -0.06% |
Correlation
The correlation between JREB.DE and TCBT.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 | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.92 |
The correlation between JREB.DE and TCBT.DE has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.
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Return for Risk
JREB.DE vs. TCBT.DE — Risk / Return Rank
JREB.DE
TCBT.DE
JREB.DE vs. TCBT.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 VanEck iBoxx EUR Corporates UCITS ETF (TCBT.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 | TCBT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.06 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.40 | +0.31 |
| Martin ratioReturn relative to average drawdown | 2.52 | 1.19 | +1.33 |
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 | TCBT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.30 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | -0.04 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.18 | +0.04 |
Drawdowns
JREB.DE vs. TCBT.DE - Drawdown Comparison
The maximum JREB.DE drawdown since its inception was -17.22%, roughly equal to the maximum TCBT.DE drawdown of -16.90%. Use the drawdown chart below to compare losses from any high point for JREB.DE and TCBT.DE.
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Drawdown Indicators
| JREB.DE | TCBT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.22% | -16.90% | -0.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -3.39% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -2.83% | -3.39% | +0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -17.22% | -16.88% | -0.34% |
Current DrawdownCurrent decline from peak | -0.76% | -2.09% | +1.33% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -5.10% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 1.13% | -0.33% |
Volatility
JREB.DE vs. TCBT.DE - Volatility Comparison
JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JREB.DE) and VanEck iBoxx EUR Corporates UCITS ETF (TCBT.DE) have volatilities of 1.16% and 1.20%, 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
| JREB.DE | TCBT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.20% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 4.05% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.17% | 4.46% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.39% | 5.18% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.96% | 5.36% | -0.40% |
JREB.DE vs. TCBT.DE - Expense Ratio Comparison
JREB.DE has a 0.04% expense ratio, which is lower than TCBT.DE's 0.15% 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. TCBT.DE - Dividend Comparison
JREB.DE has not paid dividends to shareholders, while TCBT.DE's dividend yield for the trailing twelve months is around 2.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
TCBT.DE VanEck iBoxx EUR Corporates UCITS ETF | 2.67% | 2.45% | 2.39% | 1.12% | 1.39% | 0.75% | 1.00% | 1.07% |
Frequently Asked Questions
JREB.DE and TCBT.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 0.15% for TCBT.DE.
JREB.DE tracks JP Morgan EUR Corporate Bond Research Enhanced Index (ESG), while TCBT.DE tracks iBoxx® SD-KPI EUR Liquid Corporates. They also come from different issuers: JPMorgan and VanEck. Their fees differ too: 0.04% for JREB.DE and 0.15% for TCBT.DE.
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