XAT1.DE vs. JRUE.DE
XAT1.DE (Invesco AT1 Capital Bond ETF EUR Hedged Dist) and JRUE.DE (JPM USD IG Corporate Bond Active UCITS ETF EUR Hedged Acc) are both Corporate Bonds funds. XAT1.DE is passively managed, while JRUE.DE is actively managed. Over the past 3 years, XAT1.DE returned 8.49%/yr vs 2.76%/yr for JRUE.DE. At a 0.28 correlation, their price movements are largely independent. XAT1.DE charges 0.39%/yr vs 0.04%/yr for JRUE.DE.
Performance
XAT1.DE vs. JRUE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XAT1.DE achieves a 0.81% return, which is significantly higher than JRUE.DE's -0.90% return.
XAT1.DE
- 1D
- 0.00%
- 1M
- 0.06%
- 6M
- 0.39%
- YTD
- 0.81%
- 1Y
- 4.86%
- 3Y*
- 8.49%
- 5Y*
- 0.68%
- 10Y*
- —
JRUE.DE
- 1D
- 0.25%
- 1M
- -0.76%
- 6M
- -0.75%
- YTD
- -0.90%
- 1Y
- 2.59%
- 3Y*
- 2.76%
- 5Y*
- —
- 10Y*
- —
XAT1.DE vs. JRUE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XAT1.DE Invesco AT1 Capital Bond ETF EUR Hedged Dist | 0.81% | 8.65% | 8.27% | 0.01% | -12.09% | -0.87% |
JRUE.DE JPM USD IG Corporate Bond Active UCITS ETF EUR Hedged Acc | -0.90% | 5.79% | 0.31% | 5.74% | -17.61% | -1.64% |
Correlation
The correlation between XAT1.DE and JRUE.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.28 |
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Return for Risk
XAT1.DE vs. JRUE.DE — Risk / Return Rank
XAT1.DE
JRUE.DE
XAT1.DE vs. JRUE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco AT1 Capital Bond ETF EUR Hedged Dist (XAT1.DE) and JPM USD IG Corporate Bond Active UCITS ETF EUR Hedged Acc (JRUE.DE). 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.
| XAT1.DE | JRUE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.10 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 0.82 | +0.51 |
| Martin ratioReturn relative to average drawdown | 5.15 | 2.07 | +3.08 |
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Drawdowns
XAT1.DE vs. JRUE.DE - Drawdown Comparison
The maximum XAT1.DE drawdown since its inception was -28.81%, which is greater than JRUE.DE's maximum drawdown of -23.48%. Use the drawdown chart below to compare losses from any high point for XAT1.DE and JRUE.DE.
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Drawdown Indicators
| XAT1.DE | JRUE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.81% | -23.48% | -5.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.64% | -3.14% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -4.62% | -6.63% | +2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -27.73% | — | — |
Current DrawdownCurrent decline from peak | -0.86% | -9.88% | +9.02% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -13.51% | +7.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.25% | -0.31% |
Volatility
XAT1.DE vs. JRUE.DE - Volatility Comparison
Invesco AT1 Capital Bond ETF EUR Hedged Dist (XAT1.DE) has a higher volatility of 1.34% compared to JPM USD IG Corporate Bond Active UCITS ETF EUR Hedged Acc (JRUE.DE) at 1.13%. This indicates that XAT1.DE's price experiences larger fluctuations and is considered to be riskier than JRUE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XAT1.DE | JRUE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 1.13% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 4.65% | 3.27% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.13% | 4.47% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.19% | 7.80% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.30% | 7.80% | +2.50% |
XAT1.DE vs. JRUE.DE - Expense Ratio Comparison
XAT1.DE has a 0.39% expense ratio, which is higher than JRUE.DE's 0.04% expense ratio.
Dividends
XAT1.DE vs. JRUE.DE - Dividend Comparison
XAT1.DE's dividend yield for the trailing twelve months is around 6.06%, while JRUE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JRUE.DE JPM USD IG Corporate Bond Active UCITS ETF EUR Hedged Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XAT1.DE Invesco AT1 Capital Bond ETF EUR Hedged Dist | 6.06% | 5.95% | 6.41% | 6.17% | 6.02% | 4.42% | 5.23% | 5.59% | 2.62% |
Frequently Asked Questions
XAT1.DE and JRUE.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JRUE.DE is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JRUE.DE is cheaper with a 0.04% expense ratio, compared with 0.39% for XAT1.DE.
They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.39% for XAT1.DE and 0.04% for JRUE.DE.
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