USDC.L vs. JRUB.L
USDC.L (L&G USD Corporate Bond Screened UCITS ETF USD (Dist)) and JRUB.L (JPM USD IG Corporate Bond Active UCITS ETF USD (Acc)) are both Corporate Bonds funds. USDC.L is passively managed, while JRUB.L is actively managed. Over the past 5 years, USDC.L returned 0.14%/yr vs 0.07%/yr for JRUB.L. Their correlation of 0.91 suggests significant overlap in exposure. USDC.L charges 0.09%/yr vs 0.19%/yr for JRUB.L.
Performance
USDC.L vs. JRUB.L - Performance Comparison
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Returns By Period
In the year-to-date period, USDC.L achieves a -2.06% return, which is significantly lower than JRUB.L's 0.02% return.
USDC.L
- 1D
- 0.12%
- 1M
- -0.49%
- 6M
- 0.54%
- YTD
- -2.06%
- 1Y
- 1.96%
- 3Y*
- 4.31%
- 5Y*
- 0.14%
- 10Y*
- —
JRUB.L
- 1D
- 0.04%
- 1M
- -0.73%
- 6M
- 0.07%
- YTD
- 0.02%
- 1Y
- 4.63%
- 3Y*
- 4.78%
- 5Y*
- 0.07%
- 10Y*
- —
USDC.L vs. JRUB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
USDC.L L&G USD Corporate Bond Screened UCITS ETF USD (Dist) | -2.06% | 7.42% | 3.13% | 8.35% | -13.91% | -0.43% |
JRUB.L JPM USD IG Corporate Bond Active UCITS ETF USD (Acc) | 0.02% | 7.75% | 2.40% | 8.23% | -15.55% | -0.88% |
Correlation
The correlation between USDC.L and JRUB.L is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2021 | 0.91 |
The correlation between USDC.L and JRUB.L has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.
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Return for Risk
USDC.L vs. JRUB.L — Risk / Return Rank
USDC.L
JRUB.L
USDC.L vs. JRUB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G USD Corporate Bond Screened UCITS ETF USD (Dist) (USDC.L) and JPM USD IG Corporate Bond Active UCITS ETF USD (Acc) (JRUB.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.
| USDC.L | JRUB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.19 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 1.54 | -1.15 |
| Martin ratioReturn relative to average drawdown | 0.92 | 4.48 | -3.56 |
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Drawdowns
USDC.L vs. JRUB.L - Drawdown Comparison
The maximum USDC.L drawdown since its inception was -20.07%, smaller than the maximum JRUB.L drawdown of -22.30%. Use the drawdown chart below to compare losses from any high point for USDC.L and JRUB.L.
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Drawdown Indicators
| USDC.L | JRUB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.07% | -22.30% | +2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -4.92% | -2.99% | -1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -4.92% | -6.10% | +1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -20.07% | -22.16% | +2.09% |
Current DrawdownCurrent decline from peak | -2.83% | -1.45% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -6.28% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 1.03% | +1.10% |
Volatility
USDC.L vs. JRUB.L - Volatility Comparison
L&G USD Corporate Bond Screened UCITS ETF USD (Dist) (USDC.L) has a higher volatility of 1.11% compared to JPM USD IG Corporate Bond Active UCITS ETF USD (Acc) (JRUB.L) at 0.95%. This indicates that USDC.L's price experiences larger fluctuations and is considered to be riskier than JRUB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USDC.L | JRUB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 0.95% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.79% | 3.27% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 4.46% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 7.58% | -1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.12% | 7.82% | -1.70% |
USDC.L vs. JRUB.L - Expense Ratio Comparison
USDC.L has a 0.09% expense ratio, which is lower than JRUB.L's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
USDC.L vs. JRUB.L - Dividend Comparison
USDC.L's dividend yield for the trailing twelve months is around 2.44%, while JRUB.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JRUB.L JPM USD IG Corporate Bond Active UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USDC.L L&G USD Corporate Bond Screened UCITS ETF USD (Dist) | 2.44% | 4.47% | 4.08% | 3.24% | 2.36% | 0.78% |
Frequently Asked Questions
USDC.L and JRUB.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USDC.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USDC.L is cheaper with a 0.09% expense ratio, compared with 0.19% for JRUB.L.
They also come from different issuers: L&G and JPMorgan. Their fees differ too: 0.09% for USDC.L and 0.19% for JRUB.L.
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