SLXX.L vs. JIBG.L
SLXX.L (iShares Core £ Corp Bond UCITS ETF) and JIBG.L (JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF) are both Corporate Bonds funds - SLXX.L tracks the Markit iBoxx GBP Liquid Corporates Large Cap Index while JIBG.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, SLXX.L returned -0.71%/yr vs 1.59%/yr for JIBG.L. At a 0.37 correlation, their price movements are largely independent. SLXX.L charges 0.20%/yr vs 0.19%/yr for JIBG.L.
Performance
SLXX.L vs. JIBG.L - Performance Comparison
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Returns By Period
In the year-to-date period, SLXX.L achieves a 1.00% return, which is significantly lower than JIBG.L's 3.34% return.
SLXX.L
- 1D
- 0.01%
- 1M
- 1.41%
- YTD
- 1.00%
- 6M
- 1.19%
- 1Y
- 4.49%
- 3Y*
- 6.37%
- 5Y*
- -0.71%
- 10Y*
- 1.90%
JIBG.L
- 1D
- 0.78%
- 1M
- 3.17%
- YTD
- 3.34%
- 6M
- 4.08%
- 1Y
- 9.48%
- 3Y*
- 4.15%
- 5Y*
- 1.59%
- 10Y*
- —
SLXX.L vs. JIBG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SLXX.L iShares Core £ Corp Bond UCITS ETF | 1.00% | 6.50% | 1.60% | 8.54% | -18.36% | -4.01% | 3.25% |
JIBG.L JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF | 3.34% | 0.49% | 3.97% | 2.30% | -5.70% | -0.65% | -24.58% |
Correlation
The correlation between SLXX.L and JIBG.L is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2020 | 0.37 |
Over the past year, the correlation between SLXX.L and JIBG.L has dropped to 0.09 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
SLXX.L vs. JIBG.L — Risk / Return Rank
SLXX.L
JIBG.L
SLXX.L vs. JIBG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core £ Corp Bond UCITS ETF (SLXX.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.
| SLXX.L | JIBG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.27 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.99 | -0.94 |
| Martin ratioReturn relative to average drawdown | 3.22 | 4.99 | -1.77 |
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Drawdowns
SLXX.L vs. JIBG.L - Drawdown Comparison
The maximum SLXX.L drawdown since its inception was -30.27%, smaller than the maximum JIBG.L drawdown of -33.28%. Use the drawdown chart below to compare losses from any high point for SLXX.L and JIBG.L.
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Drawdown Indicators
| SLXX.L | JIBG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.27% | -33.28% | +3.01% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -4.64% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -4.25% | -8.67% | +4.42% |
Max Drawdown (5Y)Largest decline over 5 years | -29.34% | -12.77% | -16.57% |
Max Drawdown (10Y)Largest decline over 10 years | -30.27% | — | — |
Current DrawdownCurrent decline from peak | -7.12% | -22.33% | +15.21% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -27.41% | +21.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.86% | -0.47% |
Volatility
SLXX.L vs. JIBG.L - Volatility Comparison
The current volatility for iShares Core £ Corp Bond UCITS ETF (SLXX.L) is 1.34%, while JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JIBG.L) has a volatility of 1.77%. This indicates that SLXX.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
| SLXX.L | JIBG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 1.77% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 4.89% | 4.56% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.60% | 6.11% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.06% | 8.96% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.08% | 13.01% | -4.93% |
SLXX.L vs. JIBG.L - Expense Ratio Comparison
SLXX.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
SLXX.L vs. JIBG.L - Dividend Comparison
SLXX.L's dividend yield for the trailing twelve months is around 4.99%, 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% |
SLXX.L iShares Core £ Corp Bond UCITS ETF | 4.99% | 4.82% | 4.68% | 4.06% | 2.75% | 2.06% | 2.12% | 2.44% | 2.71% | 2.73% | 2.99% | 3.39% |
Frequently Asked Questions
SLXX.L and JIBG.L have a correlation of 0.09, 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 SLXX.L.
SLXX.L tracks Markit iBoxx GBP Liquid Corporates Large Cap Index, 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 SLXX.L and 0.19% for JIBG.L.
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