VUCP.L vs. JIBG.L

Last updated Jun 25, 2026

VUCP.L (Vanguard USD Corporate Bond UCITS ETF Distributing) and JIBG.L (JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF) are both Corporate Bonds funds tracking the Bloomberg US Corp Bond TR USD, from Vanguard and JPMorgan respectively. Both are passively managed. Over the past 5 years, VUCP.L returned 1.75%/yr vs 1.59%/yr for JIBG.L. With a 0.97 correlation, they move nearly in lockstep. VUCP.L charges 0.09%/yr vs 0.19%/yr for JIBG.L.

Performance

VUCP.L vs. JIBG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.L) and JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JIBG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VUCP.L achieves a 3.11% return, which is significantly lower than JIBG.L's 3.34% return.

VUCP.L

• 1D: 0.67%
• 1M: 3.45%
• YTD: 3.11%
• 6M: 4.04%
• 1Y: 8.77%
• 3Y*: 4.30%
• 5Y*: 1.75%
• 10Y*: 3.04%

JIBG.L

• 1D: 0.78%
• 1M: 3.64%
• YTD: 3.34%
• 6M: 4.08%
• 1Y: 9.29%
• 3Y*: 4.15%
• 5Y*: 1.59%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VUCP.L vs. JIBG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VUCP.L Vanguard USD Corporate Bond UCITS ETF Distributing	3.11%	0.35%	4.48%	2.22%	-4.79%	0.07%	-1.93%
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 VUCP.L and JIBG.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Sep 9, 2020	0.97

The correlation between VUCP.L and JIBG.L has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

Return for Risk

VUCP.L vs. JIBG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VUCP.L

VUCP.L Risk / Return Rank: 43
VUCP.L Sharpe Ratio Rank: 46
VUCP.L Sortino Ratio Rank: 50
VUCP.L Omega Ratio Rank: 43
VUCP.L Calmar Ratio Rank: 41
VUCP.L Martin Ratio Rank: 33

JIBG.L

JIBG.L Risk / Return Rank: 47
JIBG.L Sharpe Ratio Rank: 50
JIBG.L Sortino Ratio Rank: 55
JIBG.L Omega Ratio Rank: 49
JIBG.L Calmar Ratio Rank: 45
JIBG.L Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VUCP.L vs. JIBG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.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.

	VUCP.L	JIBG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.52	-0.09
Sortino ratio: Return per unit of downside risk	2.19	2.33	-0.14
Omega ratio: Gain probability vs. loss probability	1.25	1.27	-0.02
Calmar ratio: Return relative to maximum drawdown	1.86	1.99	-0.14
Martin ratio: Return relative to average drawdown	4.46	4.99	-0.53

VUCP.L vs. JIBG.L - Sharpe Ratio Comparison

The current VUCP.L Sharpe Ratio is 1.43, which is comparable to the JIBG.L Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of VUCP.L and JIBG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VUCP.L vs. JIBG.L - Drawdown Comparison

The maximum VUCP.L drawdown since its inception was -15.05%, smaller than the maximum JIBG.L drawdown of -33.28%. Use the drawdown chart below to compare losses from any high point for VUCP.L and JIBG.L.

Drawdown Indicators

	VUCP.L	JIBG.L	Difference
Max Drawdown Largest peak-to-trough decline	-15.05%	-33.28%	+18.23%
Max Drawdown (1Y) Largest decline over 1 year	-4.71%	-4.64%	-0.07%
Max Drawdown (3Y) Largest decline over 3 years	-8.61%	-8.67%	+0.06%
Max Drawdown (5Y) Largest decline over 5 years	-12.60%	-12.77%	+0.17%
Max Drawdown (10Y) Largest decline over 10 years	-15.05%	—	—
Current Drawdown Current decline from peak	-0.98%	-22.33%	+21.35%
Average Drawdown Average peak-to-trough decline	-6.37%	-27.41%	+21.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.86%	+0.10%

Volatility

VUCP.L vs. JIBG.L - Volatility Comparison

Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.L) and JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JIBG.L) have volatilities of 1.78% and 1.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VUCP.L	JIBG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.78%	1.77%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	4.63%	4.56%	+0.07%
Volatility (1Y) Calculated over the trailing 1-year period	6.13%	6.11%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.49%	8.96%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.43%	13.01%	-3.58%

VUCP.L vs. JIBG.L - Expense Ratio Comparison

VUCP.L has a 0.09% expense ratio, which is lower than JIBG.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

VUCP.L vs. JIBG.L - Dividend Comparison

VUCP.L's dividend yield for the trailing twelve months is around 5.05%, less than JIBG.L's 5.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
VUCP.L Vanguard USD Corporate Bond UCITS ETF Distributing	5.05%	5.29%	4.89%	4.45%	3.42%	2.54%	3.02%	3.37%	3.43%	3.32%	2.30%

Frequently Asked Questions

Can I hold both VUCP.L and JIBG.L in my portfolio?

With a correlation of 0.97, VUCP.L and JIBG.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, VUCP.L or JIBG.L?

On fees, VUCP.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VUCP.L or JIBG.L?

VUCP.L is cheaper with a 0.09% expense ratio, compared with 0.19% for JIBG.L.

What is the main difference between VUCP.L and JIBG.L?

Both ETFs track Bloomberg US Corp Bond TR USD. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.09% for VUCP.L and 0.19% for JIBG.L.