JRUB.L vs. USDC.L
JRUB.L (JPMorgan ETFs Ireland ICAV - JPM USD IG Corporate Bond Active UCITS ETF - USD (acc)) and USDC.L (L&G USD Corporate Bond Screened UCITS ETF USD Distributing) are both Corporate Bonds funds. JRUB.L is actively managed, while USDC.L is passively managed. Over the past 5 years, JRUB.L returned 0.04%/yr vs 0.12%/yr for USDC.L. Their correlation of 0.91 suggests significant overlap in exposure. JRUB.L charges 0.19%/yr vs 0.09%/yr for USDC.L.
Performance
JRUB.L vs. USDC.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 higher than USDC.L's -2.14% 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*
- —
USDC.L
- 1D
- 0.12%
- 1M
- -0.69%
- 6M
- -2.91%
- YTD
- -2.14%
- 1Y
- 2.26%
- 3Y*
- 4.32%
- 5Y*
- 0.12%
- 10Y*
- —
JRUB.L vs. USDC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
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% | -0.88% |
USDC.L L&G USD Corporate Bond Screened UCITS ETF USD Distributing | -2.14% | 7.42% | 3.13% | 8.35% | -13.91% | -0.43% |
Correlation
The correlation between JRUB.L and USDC.L is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2021 | 0.91 |
The correlation between JRUB.L and USDC.L has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.
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Return for Risk
JRUB.L vs. USDC.L — Risk / Return Rank
JRUB.L
USDC.L
JRUB.L vs. USDC.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 L&G USD Corporate Bond Screened UCITS ETF USD Distributing (USDC.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 | USDC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.08 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 0.46 | +1.17 |
| Martin ratioReturn relative to average drawdown | 4.75 | 1.07 | +3.68 |
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Drawdowns
JRUB.L vs. USDC.L - Drawdown Comparison
The maximum JRUB.L drawdown since its inception was -22.30%, which is greater than USDC.L's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for JRUB.L and USDC.L.
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Drawdown Indicators
| JRUB.L | USDC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.30% | -20.07% | -2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -4.92% | +1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -6.10% | -4.92% | -1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -22.16% | -20.07% | -2.09% |
Current DrawdownCurrent decline from peak | -1.58% | -2.91% | +1.33% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -6.76% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 2.11% | -1.09% |
Volatility
JRUB.L vs. USDC.L - Volatility Comparison
The current volatility for JPMorgan ETFs Ireland ICAV - JPM USD IG Corporate Bond Active UCITS ETF - USD (acc) (JRUB.L) is 0.97%, while L&G USD Corporate Bond Screened UCITS ETF USD Distributing (USDC.L) has a volatility of 1.13%. This indicates that JRUB.L experiences smaller price fluctuations and is considered to be less risky than USDC.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 | USDC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 1.13% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | 4.95% | -1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.47% | 5.88% | -1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 6.28% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 6.13% | +1.69% |
JRUB.L vs. USDC.L - Expense Ratio Comparison
JRUB.L has a 0.19% expense ratio, which is higher than USDC.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. USDC.L - Dividend Comparison
JRUB.L has not paid dividends to shareholders, while USDC.L's dividend yield for the trailing twelve months is around 2.32%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JRUB.L JPMorgan ETFs Ireland ICAV - JPM USD IG Corporate Bond Active UCITS ETF - USD (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USDC.L L&G USD Corporate Bond Screened UCITS ETF USD Distributing | 2.32% | 4.47% | 4.08% | 3.24% | 2.36% | 0.78% |
Frequently Asked Questions
JRUB.L and USDC.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USDC.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USDC.L is cheaper with a 0.09% expense ratio, compared with 0.19% for JRUB.L.
They also come from different issuers: JPMorgan and L&G. Their fees differ too: 0.19% for JRUB.L and 0.09% for USDC.L.
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