BB3M.L vs. JGRE.L
Compare and contrast key facts about JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD (BB3M.L) and JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JGRE.L).
BB3M.L and JGRE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BB3M.L is an actively managed fund by JPMorgan. It was launched on Feb 17, 2021. JGRE.L is a passively managed fund by JPMorgan that tracks the performance of the MSCI ACWI NR USD. It was launched on Oct 10, 2018.
Performance
BB3M.L vs. JGRE.L - Performance Comparison
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BB3M.L vs. JGRE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BB3M.L JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD | 0.70% | 4.28% | 5.24% | 4.94% | 1.46% | -0.02% |
JGRE.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) | -2.21% | 20.08% | 18.62% | 24.85% | -17.63% | 20.57% |
Different Trading Currencies
BB3M.L is traded in USD, while JGRE.L is traded in GBp. To make them comparable, the JGRE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BB3M.L achieves a 0.70% return, which is significantly higher than JGRE.L's -2.21% return.
BB3M.L
- 1D
- -0.12%
- 1M
- 0.22%
- YTD
- 0.70%
- 6M
- 1.79%
- 1Y
- 3.91%
- 3Y*
- 4.70%
- 5Y*
- 3.30%
- 10Y*
- —
JGRE.L
- 1D
- 2.55%
- 1M
- -4.08%
- YTD
- -2.21%
- 6M
- 1.63%
- 1Y
- 19.67%
- 3Y*
- 17.59%
- 5Y*
- 10.85%
- 10Y*
- —
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BB3M.L vs. JGRE.L - Expense Ratio Comparison
BB3M.L has a 0.07% expense ratio, which is lower than JGRE.L's 0.25% 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%.
Return for Risk
BB3M.L vs. JGRE.L — Risk / Return Rank
BB3M.L
JGRE.L
BB3M.L vs. JGRE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD (BB3M.L) and JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JGRE.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.
| BB3M.L | JGRE.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.61 | 1.27 | +3.34 |
Sortino ratioReturn per unit of downside risk | 7.95 | 1.81 | +6.15 |
Omega ratioGain probability vs. loss probability | 2.07 | 1.26 | +0.82 |
Calmar ratioReturn relative to maximum drawdown | 24.52 | 2.21 | +22.31 |
Martin ratioReturn relative to average drawdown | 100.09 | 9.20 | +90.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BB3M.L | JGRE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.61 | 1.27 | +3.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.41 | 0.71 | +2.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.37 | 0.76 | +2.61 |
Correlation
The correlation between BB3M.L and JGRE.L is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BB3M.L vs. JGRE.L - Dividend Comparison
Neither BB3M.L nor JGRE.L has paid dividends to shareholders.
Drawdowns
BB3M.L vs. JGRE.L - Drawdown Comparison
The maximum BB3M.L drawdown since its inception was -1.19%, smaller than the maximum JGRE.L drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for BB3M.L and JGRE.L.
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Drawdown Indicators
| BB3M.L | JGRE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.19% | -25.31% | +24.12% |
Max Drawdown (1Y)Largest decline over 1 year | -0.16% | -10.12% | +9.96% |
Max Drawdown (5Y)Largest decline over 5 years | -1.19% | -18.49% | +17.30% |
Current DrawdownCurrent decline from peak | -0.12% | -3.68% | +3.56% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -3.16% | +3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 1.75% | -1.71% |
Volatility
BB3M.L vs. JGRE.L - Volatility Comparison
The current volatility for JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD (BB3M.L) is 0.24%, while JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JGRE.L) has a volatility of 5.06%. This indicates that BB3M.L experiences smaller price fluctuations and is considered to be less risky than JGRE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BB3M.L | JGRE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.24% | 5.06% | -4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 0.54% | 8.73% | -8.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.84% | 15.48% | -14.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.97% | 15.17% | -14.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.96% | 16.86% | -15.90% |