JRUP.L vs. JEBP.L
JRUP.L (JPM USD IG Corporate Bond Active UCITS ETF GBP Hedged (Acc)) and JEBP.L (JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc)) are both Corporate Bonds funds from JPMorgan. Both are actively managed. Over the past 3 years, JRUP.L returned 4.65%/yr vs 6.06%/yr for JEBP.L. A 0.70 correlation means they provide meaningful diversification when combined. JRUP.L charges 0.19%/yr vs 0.04%/yr for JEBP.L.
Performance
JRUP.L vs. JEBP.L - Performance Comparison
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Returns By Period
In the year-to-date period, JRUP.L achieves a -0.08% return, which is significantly lower than JEBP.L's 1.36% return.
JRUP.L
- 1D
- -0.01%
- 1M
- -0.77%
- 6M
- -0.01%
- YTD
- -0.08%
- 1Y
- 4.38%
- 3Y*
- 4.65%
- 5Y*
- —
- 10Y*
- —
JEBP.L
- 1D
- -0.03%
- 1M
- -0.37%
- 6M
- 0.94%
- YTD
- 1.36%
- 1Y
- 3.33%
- 3Y*
- 6.06%
- 5Y*
- —
- 10Y*
- —
JRUP.L vs. JEBP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JRUP.L JPM USD IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) | -0.08% | 7.47% | 2.11% | 7.12% | -14.19% |
JEBP.L JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) | 1.36% | 5.22% | 5.89% | 9.18% | -11.30% |
Correlation
The correlation between JRUP.L and JEBP.L is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2022 | 0.70 |
The correlation between JRUP.L and JEBP.L has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.
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Return for Risk
JRUP.L vs. JEBP.L — Risk / Return Rank
JRUP.L
JEBP.L
JRUP.L vs. JEBP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM USD IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) (JRUP.L) and JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) (JEBP.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.L | JEBP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.24 | +0.34 |
| Martin ratioReturn relative to average drawdown | 4.66 | 4.79 | -0.13 |
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Drawdowns
JRUP.L vs. JEBP.L - Drawdown Comparison
The maximum JRUP.L drawdown since its inception was -19.44%, which is greater than JEBP.L's maximum drawdown of -15.49%. Use the drawdown chart below to compare losses from any high point for JRUP.L and JEBP.L.
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Drawdown Indicators
| JRUP.L | JEBP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.44% | -15.49% | -3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -2.68% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -6.20% | -2.68% | -3.52% |
Current DrawdownCurrent decline from peak | -1.47% | -0.81% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -4.90% | -2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.69% | +0.33% |
Volatility
JRUP.L vs. JEBP.L - Volatility Comparison
JPM USD IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) (JRUP.L) has a higher volatility of 1.01% compared to JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) (JEBP.L) at 0.76%. This indicates that JRUP.L's price experiences larger fluctuations and is considered to be riskier than JEBP.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.L | JEBP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 0.76% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.37% | 2.81% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 3.12% | +1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.81% | 4.54% | +3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.81% | 4.54% | +3.27% |
JRUP.L vs. JEBP.L - Expense Ratio Comparison
JRUP.L has a 0.19% expense ratio, which is higher than JEBP.L's 0.04% 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
JRUP.L vs. JEBP.L - Dividend Comparison
Neither JRUP.L nor JEBP.L has paid dividends to shareholders.
Frequently Asked Questions
JRUP.L and JEBP.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEBP.L is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEBP.L is cheaper with a 0.04% expense ratio, compared with 0.19% for JRUP.L.
Their fees differ too: 0.19% for JRUP.L and 0.04% for JEBP.L.
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