BHMG.L vs. JPGL.L
BHMG.L (BH Macro Limited) is a stock, while JPGL.L (JPM Global Equity Multi-Factor UCITS ETF USD Acc) is Global Equities fund tracking the MSCI ACWI NR USD. Over the past 5 years, BHMG.L returned 5.30%/yr vs 10.40%/yr for JPGL.L. At a 0.07 correlation, their price movements are largely independent.
Performance
BHMG.L vs. JPGL.L - Performance Comparison
Loading charts...
Different Trading Currencies
BHMG.L is traded in GBp, while JPGL.L is traded in USD. To make them comparable, the JPGL.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, BHMG.L achieves a 9.02% return, which is significantly lower than JPGL.L's 10.85% return.
BHMG.L
- 1D
- 0.58%
- 1M
- 2.11%
- YTD
- 9.02%
- 6M
- 8.48%
- 1Y
- 9.30%
- 3Y*
- 2.75%
- 5Y*
- 5.30%
- 10Y*
- 8.44%
JPGL.L
- 1D
- 0.63%
- 1M
- 2.55%
- YTD
- 10.85%
- 6M
- 11.01%
- 1Y
- 23.40%
- 3Y*
- 13.86%
- 5Y*
- 10.40%
- 10Y*
- —
BHMG.L vs. JPGL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BHMG.L BH Macro Limited | 9.02% | -1.72% | 10.63% | -18.26% | 20.05% | 6.25% | 34.87% | -1.88% |
JPGL.L JPM Global Equity Multi-Factor UCITS ETF USD Acc | 10.85% | 9.80% | 12.27% | 7.60% | 0.48% | 24.47% | 3.06% | -0.96% |
Correlation
The correlation between BHMG.L and JPGL.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.07 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BHMG.L vs. JPGL.L — Risk / Return Rank
BHMG.L
JPGL.L
BHMG.L vs. JPGL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BH Macro Limited (BHMG.L) and JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.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.
| BHMG.L | JPGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.43 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 3.99 | -2.82 |
| Martin ratioReturn relative to average drawdown | 3.38 | 15.49 | -12.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BHMG.L | JPGL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 2.39 | -1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.84 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.64 | -0.10 |
Drawdowns
BHMG.L vs. JPGL.L - Drawdown Comparison
The maximum BHMG.L drawdown since its inception was -35.94%, which is greater than JPGL.L's maximum drawdown of -28.18%. Use the drawdown chart below to compare losses from any high point for BHMG.L and JPGL.L.
Loading charts...
Drawdown Indicators
| BHMG.L | JPGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.94% | -28.18% | -7.76% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -5.75% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | -13.93% | -5.08% |
Max Drawdown (5Y)Largest decline over 5 years | -35.94% | -13.93% | -22.01% |
Max Drawdown (10Y)Largest decline over 10 years | -35.94% | — | — |
Current DrawdownCurrent decline from peak | -15.04% | 0.00% | -15.04% |
Average DrawdownAverage peak-to-trough decline | -10.90% | -3.37% | -7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 1.48% | +1.14% |
Volatility
BHMG.L vs. JPGL.L - Volatility Comparison
BH Macro Limited (BHMG.L) has a higher volatility of 3.57% compared to JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.L) at 2.80%. This indicates that BHMG.L's price experiences larger fluctuations and is considered to be riskier than JPGL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BHMG.L | JPGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 2.80% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | 7.48% | +1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.26% | 9.58% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.42% | 12.31% | +6.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.61% | 15.03% | +1.58% |
Dividends
BHMG.L vs. JPGL.L - Dividend Comparison
Neither BHMG.L nor JPGL.L has paid dividends to shareholders.
Frequently Asked Questions
BHMG.L and JPGL.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for BHMG.L and JPGL.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer