LQDE.L vs. JIBG.L
LQDE.L (iShares $ Corp Bond UCITS ETF USD Distributing) and JIBG.L (JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF) are both Corporate Bonds funds - LQDE.L tracks the Morningstar US Corporate Bond TR USD while JIBG.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, LQDE.L returned -0.12%/yr vs 0.54%/yr for JIBG.L. A 0.75 correlation means they provide meaningful diversification when combined. LQDE.L charges 0.20%/yr vs 0.19%/yr for JIBG.L.
Performance
LQDE.L vs. JIBG.L - Performance Comparison
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Different Trading Currencies
LQDE.L is traded in USD, while JIBG.L is traded in GBP. To make them comparable, the JIBG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, LQDE.L achieves a 0.60% return, which is significantly lower than JIBG.L's 1.12% return.
LQDE.L
- 1D
- -0.15%
- 1M
- 1.05%
- YTD
- 0.60%
- 6M
- 1.11%
- 1Y
- 5.34%
- 3Y*
- 4.98%
- 5Y*
- -0.12%
- 10Y*
- 2.44%
JIBG.L
- 1D
- 0.50%
- 1M
- 1.02%
- YTD
- 1.12%
- 6M
- 1.50%
- 1Y
- 5.51%
- 3Y*
- 5.37%
- 5Y*
- 0.54%
- 10Y*
- —
LQDE.L vs. JIBG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LQDE.L iShares $ Corp Bond UCITS ETF USD Distributing | 0.60% | 8.09% | 1.06% | 9.14% | -17.81% | -2.04% | 3.50% |
JIBG.L JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF | 1.12% | 8.07% | 2.23% | 7.70% | -15.78% | -1.55% | -20.78% |
Correlation
The correlation between LQDE.L and JIBG.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2020 | 0.75 |
The correlation between LQDE.L and JIBG.L shifts across timeframes, from 0.62 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LQDE.L vs. JIBG.L — Risk / Return Rank
LQDE.L
JIBG.L
LQDE.L vs. JIBG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Corp Bond UCITS ETF USD Distributing (LQDE.L) and JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JIBG.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.
| LQDE.L | JIBG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.17 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.73 | -0.07 |
| Martin ratioReturn relative to average drawdown | 4.45 | 5.27 | -0.82 |
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Drawdowns
LQDE.L vs. JIBG.L - Drawdown Comparison
The maximum LQDE.L drawdown since its inception was -29.86%, smaller than the maximum JIBG.L drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for LQDE.L and JIBG.L.
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Drawdown Indicators
| LQDE.L | JIBG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.86% | -38.50% | +8.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -3.28% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -7.93% | -6.49% | -1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -22.12% | -2.99% |
Max Drawdown (10Y)Largest decline over 10 years | -25.38% | — | — |
Current DrawdownCurrent decline from peak | -3.42% | -20.98% | +17.56% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -27.26% | +22.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 1.08% | +0.12% |
Volatility
LQDE.L vs. JIBG.L - Volatility Comparison
The current volatility for iShares $ Corp Bond UCITS ETF USD Distributing (LQDE.L) is 1.60%, while JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JIBG.L) has a volatility of 1.80%. This indicates that LQDE.L experiences smaller price fluctuations and is considered to be less risky than JIBG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDE.L | JIBG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 1.80% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 4.34% | 4.25% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.72% | 5.47% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.45% | 8.41% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.67% | 12.32% | -3.65% |
LQDE.L vs. JIBG.L - Expense Ratio Comparison
LQDE.L has a 0.20% expense ratio, which is higher than JIBG.L's 0.19% 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
LQDE.L vs. JIBG.L - Dividend Comparison
LQDE.L's dividend yield for the trailing twelve months is around 4.98%, less than JIBG.L's 5.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JIBG.L JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF | 5.13% | 4.93% | 5.37% | 4.10% | 3.94% | 6.87% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQDE.L iShares $ Corp Bond UCITS ETF USD Distributing | 4.98% | 4.89% | 5.02% | 4.58% | 3.74% | 2.68% | 2.77% | 3.42% | 3.69% | 3.25% | 3.40% | 3.36% |
Frequently Asked Questions
LQDE.L and JIBG.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JIBG.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JIBG.L is cheaper with a 0.19% expense ratio, compared with 0.20% for LQDE.L.
LQDE.L tracks Morningstar US Corporate Bond TR USD, while JIBG.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.20% for LQDE.L and 0.19% for JIBG.L.
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