JRUB.L vs. ERND.L
JRUB.L (JPM USD IG Corporate Bond Active UCITS ETF USD (Acc)) and ERND.L (iShares $ Ultrashort Bond UCITS ETF USD (Dist)) are both exchange-traded funds - JRUB.L is a Corporate Bonds fund actively managed by JPMorgan, while ERND.L is a Ultrashort Bond fund tracking the Markit iBoxx USD Liquid Investment Grade Ultrashort Index (USD). JRUB.L is actively managed, while ERND.L is passively managed. Over the past 5 years, JRUB.L returned 0.07%/yr vs 3.84%/yr for ERND.L. At a 0.12 correlation, their price movements are largely independent. JRUB.L charges 0.19%/yr vs 0.09%/yr for ERND.L.
Performance
JRUB.L vs. ERND.L - Performance Comparison
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Returns By Period
In the year-to-date period, JRUB.L achieves a 0.02% return, which is significantly lower than ERND.L's 2.05% return.
JRUB.L
- 1D
- 0.04%
- 1M
- -0.73%
- 6M
- 0.07%
- YTD
- 0.02%
- 1Y
- 4.63%
- 3Y*
- 4.78%
- 5Y*
- 0.07%
- 10Y*
- —
ERND.L
- 1D
- 0.05%
- 1M
- 0.27%
- 6M
- 1.87%
- YTD
- 2.05%
- 1Y
- 4.24%
- 3Y*
- 5.09%
- 5Y*
- 3.84%
- 10Y*
- 2.77%
JRUB.L vs. ERND.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JRUB.L JPM USD IG Corporate Bond Active UCITS ETF USD (Acc) | 0.02% | 7.75% | 2.40% | 8.23% | -15.55% | -1.77% | 9.19% | 15.37% | 0.75% |
ERND.L iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 2.05% | 4.84% | 5.55% | 5.09% | 2.03% | 0.00% | 1.21% | 3.03% | 0.25% |
Correlation
The correlation between JRUB.L and ERND.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2018 | 0.12 |
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Return for Risk
JRUB.L vs. ERND.L — Risk / Return Rank
JRUB.L
ERND.L
JRUB.L vs. ERND.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM USD IG Corporate Bond Active UCITS ETF USD (Acc) (JRUB.L) and iShares $ Ultrashort Bond UCITS ETF USD (Dist) (ERND.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.
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.
| JRUB.L | ERND.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.30 | ||
| Sortino ratioReturn per unit of downside risk | -7.71 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 2.37 | -1.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 21.13 | -19.59 |
| Martin ratioReturn relative to average drawdown | 4.48 | 103.65 | -99.18 |
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Drawdowns
JRUB.L vs. ERND.L - Drawdown Comparison
The maximum JRUB.L drawdown since its inception was -22.30%, which is greater than ERND.L's maximum drawdown of -7.48%. Use the drawdown chart below to compare losses from any high point for JRUB.L and ERND.L.
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Drawdown Indicators
| JRUB.L | ERND.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.30% | -7.48% | -14.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -0.20% | -2.79% |
Max Drawdown (3Y)Largest decline over 3 years | -6.10% | -0.64% | -5.46% |
Max Drawdown (5Y)Largest decline over 5 years | -22.16% | -1.06% | -21.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -7.48% | — |
Current DrawdownCurrent decline from peak | -1.45% | 0.00% | -1.45% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -0.08% | -6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.04% | +0.99% |
Volatility
JRUB.L vs. ERND.L - Volatility Comparison
JPM USD IG Corporate Bond Active UCITS ETF USD (Acc) (JRUB.L) has a higher volatility of 0.95% compared to iShares $ Ultrashort Bond UCITS ETF USD (Dist) (ERND.L) at 0.21%. This indicates that JRUB.L's price experiences larger fluctuations and is considered to be riskier than ERND.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JRUB.L | ERND.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 0.21% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 0.66% | +2.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.46% | 0.79% | +3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 1.26% | +6.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 2.08% | +5.74% |
JRUB.L vs. ERND.L - Expense Ratio Comparison
JRUB.L has a 0.19% expense ratio, which is higher than ERND.L's 0.09% 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.L vs. ERND.L - Dividend Comparison
JRUB.L has not paid dividends to shareholders, while ERND.L's dividend yield for the trailing twelve months is around 4.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERND.L iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 4.31% | 4.70% | 5.54% | 5.00% | 1.57% | 0.49% | 1.55% | 2.71% | 2.19% | 1.39% | 0.99% | 0.72% |
JRUB.L JPM USD IG Corporate Bond Active UCITS ETF USD (Acc) | 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
JRUB.L and ERND.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERND.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERND.L is cheaper with a 0.09% expense ratio, compared with 0.19% for JRUB.L.
JRUB.L is categorized as Corporate Bonds, while ERND.L is Ultrashort Bond. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.19% for JRUB.L and 0.09% for ERND.L.
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