SEUC.L vs. JR15.L
SEUC.L (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) and JR15.L (JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc)) are both European Corporate Bonds funds. SEUC.L is passively managed, while JR15.L is actively managed. Over the past 5 years, SEUC.L returned 1.60%/yr vs 1.11%/yr for JR15.L. A 0.69 correlation means they provide meaningful diversification when combined. SEUC.L charges 0.20%/yr vs 0.04%/yr for JR15.L.
Performance
SEUC.L vs. JR15.L - Performance Comparison
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Returns By Period
In the year-to-date period, SEUC.L achieves a 0.63% return, which is significantly higher than JR15.L's 0.45% return.
SEUC.L
- 1D
- -0.03%
- 1M
- -0.07%
- 6M
- 0.50%
- YTD
- 0.63%
- 1Y
- 1.53%
- 3Y*
- 3.58%
- 5Y*
- 1.60%
- 10Y*
- 0.85%
JR15.L
- 1D
- -0.06%
- 1M
- -0.24%
- 6M
- 0.24%
- YTD
- 0.45%
- 1Y
- 1.52%
- 3Y*
- 4.16%
- 5Y*
- 1.11%
- 10Y*
- —
SEUC.L vs. JR15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SEUC.L SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF | 0.63% | 3.03% | 4.21% | 4.17% | -3.54% | -0.27% | 0.20% | 0.80% | -0.00% |
JR15.L JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc) | 0.45% | 3.45% | 4.35% | 6.21% | -7.76% | -0.38% | 0.84% | 2.40% | 0.22% |
Correlation
The correlation between SEUC.L and JR15.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 | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2018 | 0.69 |
The correlation between SEUC.L and JR15.L has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.
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Return for Risk
SEUC.L vs. JR15.L — Risk / Return Rank
SEUC.L
JR15.L
SEUC.L vs. JR15.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SEUC.L) and JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc) (JR15.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.
| SEUC.L | JR15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.16 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 0.77 | +1.06 |
| Martin ratioReturn relative to average drawdown | 7.11 | 2.77 | +4.33 |
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Drawdowns
SEUC.L vs. JR15.L - Drawdown Comparison
The maximum SEUC.L drawdown since its inception was -7.84%, smaller than the maximum JR15.L drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for SEUC.L and JR15.L.
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Drawdown Indicators
| SEUC.L | JR15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.84% | -10.19% | +2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -0.83% | -1.97% | +1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -0.83% | -1.97% | +1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -4.88% | -10.19% | +5.31% |
Max Drawdown (10Y)Largest decline over 10 years | -7.84% | — | — |
Current DrawdownCurrent decline from peak | -0.30% | -0.57% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -0.64% | -2.18% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.55% | -0.34% |
Volatility
SEUC.L vs. JR15.L - Volatility Comparison
The current volatility for SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SEUC.L) is 0.25%, while JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc) (JR15.L) has a volatility of 0.51%. This indicates that SEUC.L experiences smaller price fluctuations and is considered to be less risky than JR15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEUC.L | JR15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.25% | 0.51% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 0.96% | 1.80% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.07% | 1.95% | -0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.39% | 2.56% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.16% | 3.11% | -0.95% |
SEUC.L vs. JR15.L - Expense Ratio Comparison
SEUC.L has a 0.20% expense ratio, which is higher than JR15.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
SEUC.L vs. JR15.L - Dividend Comparison
SEUC.L's dividend yield for the trailing twelve months is around 2.96%, while JR15.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JR15.L JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SEUC.L SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF | 2.96% | 3.05% | 2.59% | 1.27% | 0.19% | 0.30% | 0.23% | 0.17% | 0.11% | 0.28% | 0.50% | 0.72% |
Frequently Asked Questions
SEUC.L and JR15.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, JR15.L is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JR15.L is cheaper with a 0.04% expense ratio, compared with 0.20% for SEUC.L.
They also come from different issuers: State Street and JPMorgan. Their fees differ too: 0.20% for SEUC.L and 0.04% for JR15.L.
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