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JRUP.L vs. 0FLE.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JRUP.L vs. 0FLE.L

Last updated Jul 16, 2026
Documentation

JRUP.L (JPMorgan ETFs Ireland ICAV - JPM USD IG Corporate Bond Active UCITS ETF - GBP Hedged (acc)) and 0FLE.L (iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist)) are both exchange-traded funds - JRUP.L is a Corporate Bonds fund actively managed by JPMorgan, while 0FLE.L is a Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note<5 Years Index. JRUP.L is actively managed, while 0FLE.L is passively managed. Over the past 3 years, JRUP.L returned 4.67%/yr vs 3.31%/yr for 0FLE.L. At a correlation of -0.05, they often move in opposite directions.

Performance

JRUP.L vs. 0FLE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan ETFs Ireland ICAV - JPM USD IG Corporate Bond Active UCITS ETF - GBP Hedged (acc) (JRUP.L) and iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) (0FLE.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

JRUP.L is traded in GBP, while 0FLE.L is traded in EUR. To make them comparable, the 0FLE.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

JRUP.L

1D
0.07%
1M
-0.66%
6M
-0.16%
YTD
0.00%
1Y
4.85%
3Y*
4.67%
5Y*
—
10Y*
—

0FLE.L

1D
0.00%
1M
-1.41%
6M
-0.68%
YTD
-1.10%
1Y
0.62%
3Y*
3.31%
5Y*
2.27%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

JRUP.L vs. 0FLE.L - Yearly Performance Comparison

2026 (YTD)2025202420232022
JRUP.L
JPMorgan ETFs Ireland ICAV - JPM USD IG Corporate Bond Active UCITS ETF - GBP Hedged (acc)		0.00%7.47%2.11%7.12%-14.19%
0FLE.L
iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist)		-1.10%8.18%0.12%2.12%5.63%

Correlation

The correlation between JRUP.L and 0FLE.L is 0.04, 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

0.04

Correlation (3Y)
Calculated over the trailing 3-year period

0.00

Correlation (All Time)
Calculated using the full available price history since Jan 20, 2022

-0.05

Compare stocks, funds, or ETFs

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JPMorgan ETFs Ireland ICAV - JPM USD IG Corporate Bond Active UCITS ETF - GBP Hedged (acc)

iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist)

Return for Risk

JRUP.L vs. 0FLE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JRUP.L
JRUP.L Risk / Return Rank: 3636
Overall Rank
JRUP.L Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
JRUP.L Sortino Ratio Rank: 3535
Sortino Ratio Rank
JRUP.L Omega Ratio Rank: 3434
Omega Ratio Rank
JRUP.L Calmar Ratio Rank: 3838
Calmar Ratio Rank
JRUP.L Martin Ratio Rank: 3838
Martin Ratio Rank
0FLE.L
0FLE.L Risk / Return Rank: 6969
Overall Rank
0FLE.L Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
0FLE.L Sortino Ratio Rank: 4343
Sortino Ratio Rank
0FLE.L Omega Ratio Rank: 8585
Omega Ratio Rank
0FLE.L Calmar Ratio Rank: 9292
Calmar Ratio Rank
0FLE.L Martin Ratio Rank: 8484
Martin Ratio Rank
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.

JRUP.L vs. 0FLE.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 - GBP Hedged (acc) (JRUP.L) and iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) (0FLE.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.

JRUP.L0FLE.LDifference
Sharpe ratioReturn per unit of total volatility
1.07
0.12

+0.96

Sortino ratioReturn per unit of downside risk
1.56
0.19

+1.37

Omega ratioGain probability vs. loss probability

1.20

1.02

+0.17

Calmar ratioReturn relative to maximum drawdown

1.61

0.24

+1.37

Martin ratioReturn relative to average drawdown

4.75

0.56

+4.19

JRUP.L vs. 0FLE.L - Sharpe Ratio Comparison

The current JRUP.L Sharpe Ratio is 1.07, which is higher than the 0FLE.L Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of JRUP.L and 0FLE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

JRUP.L vs. 0FLE.L - Drawdown Comparison

The maximum JRUP.L drawdown since its inception was -19.44%, which is greater than 0FLE.L's maximum drawdown of -13.35%. Use the drawdown chart below to compare losses from any high point for JRUP.L and 0FLE.L.

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Drawdown Indicators

JRUP.L0FLE.LDifference

Max Drawdown

Largest peak-to-trough decline

-19.44%

-13.35%

-6.09%

Max Drawdown (1Y)

Largest decline over 1 year

-2.99%

-2.19%

-0.80%

Max Drawdown (3Y)

Largest decline over 3 years

-6.21%

-5.02%

-1.19%

Max Drawdown (5Y)

Largest decline over 5 years

—

-5.66%

—

Current Drawdown

Current decline from peak

-1.39%

-2.19%

+0.80%

Average Drawdown

Average peak-to-trough decline

-7.59%

-5.98%

-1.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.02%

0.93%

+0.09%

Volatility

JRUP.L vs. 0FLE.L - Volatility Comparison

The current volatility for JPMorgan ETFs Ireland ICAV - JPM USD IG Corporate Bond Active UCITS ETF - GBP Hedged (acc) (JRUP.L) is 1.01%, while iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) (0FLE.L) has a volatility of 1.97%. This indicates that JRUP.L experiences smaller price fluctuations and is considered to be less risky than 0FLE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JRUP.L0FLE.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.01%

1.97%

-0.96%

Volatility (6M)

Calculated over the trailing 6-month period

3.38%

3.31%

+0.07%

Volatility (1Y)

Calculated over the trailing 1-year period

4.48%

4.57%

-0.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.81%

6.55%

+1.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.81%

7.07%

+0.74%

Dividends

JRUP.L vs. 0FLE.L - Dividend Comparison

JRUP.L has not paid dividends to shareholders, while 0FLE.L's dividend yield for the trailing twelve months is around 4.69%.

PositionTTM202520242023202220212020201920182017
0FLE.L
iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist)		4.69%5.04%6.01%5.52%1.49%0.58%1.60%2.96%2.07%0.36%
JRUP.L
JPMorgan ETFs Ireland ICAV - JPM USD IG Corporate Bond Active UCITS ETF - GBP Hedged (acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

JRUP.L and 0FLE.L have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

JRUP.L is categorized as Corporate Bonds, while 0FLE.L is Ultrashort Bond. They also come from different issuers: JPMorgan and iShares.

Portfolio Optimizer

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