JRUB.L vs. FLOA.L
JRUB.L (JPMorgan ETFs Ireland ICAV - JPM USD IG Corporate Bond Active UCITS ETF - USD (acc)) and FLOA.L (iShares USD Floating Rate Bond UCITS ETF USD (Acc)) are both Corporate Bonds funds. JRUB.L is actively managed, while FLOA.L is passively managed. Over the past 5 years, JRUB.L returned 0.04%/yr vs 4.34%/yr for FLOA.L. At a 0.04 correlation, their price movements are largely independent. JRUB.L charges 0.19%/yr vs 0.10%/yr for FLOA.L.
Performance
JRUB.L vs. FLOA.L - Performance Comparison
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Returns By Period
In the year-to-date period, JRUB.L achieves a -0.11% return, which is significantly lower than FLOA.L's 2.49% return.
JRUB.L
- 1D
- 0.11%
- 1M
- -0.83%
- 6M
- -0.31%
- YTD
- -0.11%
- 1Y
- 4.87%
- 3Y*
- 4.85%
- 5Y*
- 0.04%
- 10Y*
- —
FLOA.L
- 1D
- 0.00%
- 1M
- 0.30%
- 6M
- 2.17%
- YTD
- 2.49%
- 1Y
- 4.77%
- 3Y*
- 5.58%
- 5Y*
- 4.34%
- 10Y*
- —
JRUB.L vs. FLOA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JRUB.L JPMorgan ETFs Ireland ICAV - JPM USD IG Corporate Bond Active UCITS ETF - USD (acc) | -0.11% | 7.75% | 2.40% | 8.23% | -15.55% | -1.77% | 9.19% | 15.37% | 0.75% |
FLOA.L iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 2.49% | 4.89% | 6.42% | 6.65% | 1.35% | 0.42% | 0.86% | 4.17% | -0.16% |
Correlation
The correlation between JRUB.L and FLOA.L is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2018 | 0.04 |
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Return for Risk
JRUB.L vs. FLOA.L — Risk / Return Rank
JRUB.L
FLOA.L
JRUB.L vs. FLOA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan ETFs Ireland ICAV - JPM USD IG Corporate Bond Active UCITS ETF - USD (acc) (JRUB.L) and iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.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 | FLOA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.92 | -0.72 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 10.31 | -8.68 |
| Martin ratioReturn relative to average drawdown | 4.75 | 42.95 | -38.20 |
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Drawdowns
JRUB.L vs. FLOA.L - Drawdown Comparison
The maximum JRUB.L drawdown since its inception was -22.30%, which is greater than FLOA.L's maximum drawdown of -14.96%. Use the drawdown chart below to compare losses from any high point for JRUB.L and FLOA.L.
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Drawdown Indicators
| JRUB.L | FLOA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.30% | -14.96% | -7.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -0.46% | -2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -6.10% | -1.77% | -4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -22.16% | -2.53% | -19.63% |
Current DrawdownCurrent decline from peak | -1.58% | -0.15% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -0.22% | -6.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.11% | +0.91% |
Volatility
JRUB.L vs. FLOA.L - Volatility Comparison
JPMorgan ETFs Ireland ICAV - JPM USD IG Corporate Bond Active UCITS ETF - USD (acc) (JRUB.L) has a higher volatility of 0.97% compared to iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) at 0.44%. This indicates that JRUB.L's price experiences larger fluctuations and is considered to be riskier than FLOA.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 | FLOA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 0.44% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | 1.33% | +1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.47% | 1.64% | +2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 2.11% | +5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 4.27% | +3.55% |
JRUB.L vs. FLOA.L - Expense Ratio Comparison
JRUB.L has a 0.19% expense ratio, which is higher than FLOA.L'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.L vs. FLOA.L - Dividend Comparison
Neither JRUB.L nor FLOA.L has paid dividends to shareholders.
Frequently Asked Questions
JRUB.L and FLOA.L have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLOA.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLOA.L is cheaper with a 0.10% expense ratio, compared with 0.19% for JRUB.L.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.19% for JRUB.L and 0.10% for FLOA.L.
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