JRUB.DE vs. PUIG.DE

Last updated Jun 5, 2026

JRUB.DE (JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF) and PUIG.DE (Invesco USD Corporate Bond UCITS ETF Dist) are both Corporate Bonds funds - JRUB.DE tracks the JP Morgan USD Corporate Bond Research Enhanced Index (ESG) while PUIG.DE tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, JRUB.DE returned 1.48%/yr vs 1.11%/yr for PUIG.DE. With a 0.96 correlation, they move nearly in lockstep. JRUB.DE charges 0.19%/yr vs 0.10%/yr for PUIG.DE.

Performance

JRUB.DE vs. PUIG.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JRUB.DE) and Invesco USD Corporate Bond UCITS ETF Dist (PUIG.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JRUB.DE achieves a 1.74% return, which is significantly higher than PUIG.DE's 1.26% return.

JRUB.DE

• 1D: 0.06%
• 1M: 1.22%
• YTD: 1.74%
• 6M: 1.00%
• 1Y: 4.31%
• 3Y*: 2.43%
• 5Y*: 1.48%
• 10Y*: —

PUIG.DE

• 1D: 0.15%
• 1M: 1.15%
• YTD: 1.26%
• 6M: 0.39%
• 1Y: 3.02%
• 3Y*: 1.82%
• 5Y*: 1.11%
• 10Y*: —

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

JRUB.DE vs. PUIG.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JRUB.DE JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF	1.74%	-4.07%	7.97%	4.63%	-10.39%	6.44%	-0.30%	-0.22%
PUIG.DE Invesco USD Corporate Bond UCITS ETF Dist	1.26%	-4.57%	7.59%	4.08%	-10.14%	6.62%	-0.40%	-0.90%

Correlation

The correlation between JRUB.DE and PUIG.DE is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019	0.96

The correlation between JRUB.DE and PUIG.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

JRUB.DE vs. PUIG.DE — Risk / Return Rank

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

JRUB.DE

JRUB.DE Risk / Return Rank: 23
JRUB.DE Sharpe Ratio Rank: 21
JRUB.DE Sortino Ratio Rank: 21
JRUB.DE Omega Ratio Rank: 20
JRUB.DE Calmar Ratio Rank: 27
JRUB.DE Martin Ratio Rank: 24

PUIG.DE

PUIG.DE Risk / Return Rank: 16
PUIG.DE Sharpe Ratio Rank: 16
PUIG.DE Sortino Ratio Rank: 15
PUIG.DE Omega Ratio Rank: 15
PUIG.DE Calmar Ratio Rank: 18
PUIG.DE Martin Ratio Rank: 18

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.

JRUB.DE vs. PUIG.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JRUB.DE) and Invesco USD Corporate Bond UCITS ETF Dist (PUIG.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.

	JRUB.DE	PUIG.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.69	0.44	+0.25
Sortino ratio: Return per unit of downside risk	1.04	0.67	+0.37
Omega ratio: Gain probability vs. loss probability	1.12	1.08	+0.04
Calmar ratio: Return relative to maximum drawdown	1.25	0.70	+0.55
Martin ratio: Return relative to average drawdown	3.11	1.81	+1.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JRUB.DE vs. PUIG.DE - Sharpe Ratio Comparison

The current JRUB.DE Sharpe Ratio is 0.69, which is higher than the PUIG.DE Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of JRUB.DE and PUIG.DE, 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

	JRUB.DE	PUIG.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	0.44	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.13	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.04	+0.27

Drawdowns

JRUB.DE vs. PUIG.DE - Drawdown Comparison

The maximum JRUB.DE drawdown since its inception was -13.79%, roughly equal to the maximum PUIG.DE drawdown of -14.30%. Use the drawdown chart below to compare losses from any high point for JRUB.DE and PUIG.DE.

Drawdown Indicators

	JRUB.DE	PUIG.DE	Difference
Max Drawdown Largest peak-to-trough decline	-13.79%	-14.30%	+0.51%
Max Drawdown (1Y) Largest decline over 1 year	-3.13%	-3.62%	+0.49%
Max Drawdown (3Y) Largest decline over 3 years	-11.65%	-11.19%	-0.46%
Max Drawdown (5Y) Largest decline over 5 years	-13.30%	-13.35%	+0.05%
Current Drawdown Current decline from peak	-5.11%	-5.91%	+0.80%
Average Drawdown Average peak-to-trough decline	-5.36%	-6.03%	+0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.27%	1.40%	-0.13%

Volatility

JRUB.DE vs. PUIG.DE - Volatility Comparison

JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JRUB.DE) has a higher volatility of 1.18% compared to Invesco USD Corporate Bond UCITS ETF Dist (PUIG.DE) at 1.02%. This indicates that JRUB.DE's price experiences larger fluctuations and is considered to be riskier than PUIG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRUB.DE	PUIG.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.18%	1.02%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	3.89%	3.99%	-0.10%
Volatility (1Y) Calculated over the trailing 1-year period	5.68%	5.77%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.67%	8.38%	+0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.88%	9.07%	-0.19%

JRUB.DE vs. PUIG.DE - Expense Ratio Comparison

JRUB.DE has a 0.19% expense ratio, which is higher than PUIG.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

JRUB.DE vs. PUIG.DE - Dividend Comparison

JRUB.DE has not paid dividends to shareholders, while PUIG.DE's dividend yield for the trailing twelve months is around 4.21%.

Position	TTM	2025	2024	2023	2022	2021	2020
JRUB.DE JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PUIG.DE Invesco USD Corporate Bond UCITS ETF Dist	4.21%	4.32%	4.29%	3.82%	2.83%	1.91%	2.59%

Frequently Asked Questions

Can I hold both JRUB.DE and PUIG.DE in my portfolio?

With a correlation of 0.96, JRUB.DE and PUIG.DE 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.

Which ETF is better, JRUB.DE or PUIG.DE?

On fees, PUIG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JRUB.DE or PUIG.DE?

PUIG.DE is cheaper with a 0.10% expense ratio, compared with 0.19% for JRUB.DE.

What is the main difference between JRUB.DE and PUIG.DE?

JRUB.DE tracks JP Morgan USD Corporate Bond Research Enhanced Index (ESG), while PUIG.DE tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.19% for JRUB.DE and 0.10% for PUIG.DE.