J15R.L vs. JGRE.L
J15R.L (JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF) and JGRE.L (JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)) are both exchange-traded funds - J15R.L is a European Corporate Bonds fund tracking the Bloomberg Euro Agg Corp 1-3 Yr TR EUR, while JGRE.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, J15R.L returned 1.30%/yr vs 13.30%/yr for JGRE.L. At a 0.21 correlation, their price movements are largely independent. J15R.L charges 0.04%/yr vs 0.25%/yr for JGRE.L.
Performance
J15R.L vs. JGRE.L - Performance Comparison
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Different Trading Currencies
J15R.L is traded in GBP, while JGRE.L is traded in GBp. To make them comparable, the JGRE.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, J15R.L achieves a -0.52% return, which is significantly lower than JGRE.L's 9.61% return.
J15R.L
- 1D
- 0.23%
- 1M
- 0.89%
- YTD
- -0.52%
- 6M
- -0.43%
- 1Y
- 4.87%
- 3Y*
- 4.41%
- 5Y*
- 1.30%
- 10Y*
- —
JGRE.L
- 1D
- 0.12%
- 1M
- 4.66%
- YTD
- 9.61%
- 6M
- 10.05%
- 1Y
- 26.28%
- 3Y*
- 17.09%
- 5Y*
- 13.30%
- 10Y*
- —
J15R.L vs. JGRE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
J15R.L JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF | -0.52% | 8.88% | -0.40% | 4.16% | -2.63% | -6.93% | 6.49% | -3.37% | 0.59% |
JGRE.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) | 9.61% | 11.65% | 20.63% | 18.59% | -7.77% | 25.92% | 13.21% | 23.96% | -5.22% |
Correlation
The correlation between J15R.L and JGRE.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.21 |
The correlation between J15R.L and JGRE.L shifts across timeframes, from 0.14 (3 years) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
J15R.L vs. JGRE.L — Risk / Return Rank
J15R.L
JGRE.L
J15R.L vs. JGRE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (J15R.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.
| J15R.L | JGRE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.49 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 3.93 | -2.49 |
| Martin ratioReturn relative to average drawdown | 3.71 | 16.25 | -12.54 |
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
| J15R.L | JGRE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 2.59 | -1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 1.01 | -0.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.92 | -0.81 |
Drawdowns
J15R.L vs. JGRE.L - Drawdown Comparison
The maximum J15R.L drawdown since its inception was -16.15%, smaller than the maximum JGRE.L drawdown of -25.31%. Use the drawdown chart below to compare losses from any high point for J15R.L and JGRE.L.
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Drawdown Indicators
| J15R.L | JGRE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.15% | -25.31% | +9.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | -6.65% | +3.30% |
Max Drawdown (3Y)Largest decline over 3 years | -3.35% | -18.49% | +15.14% |
Max Drawdown (5Y)Largest decline over 5 years | -10.32% | -18.49% | +8.17% |
Current DrawdownCurrent decline from peak | -1.85% | -0.17% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -7.53% | -3.10% | -4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 1.61% | -0.30% |
Volatility
J15R.L vs. JGRE.L - Volatility Comparison
The current volatility for JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (J15R.L) is 1.27%, while JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JGRE.L) has a volatility of 2.48%. This indicates that J15R.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
| J15R.L | JGRE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 2.48% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | 7.20% | -4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 10.12% | -5.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.47% | 13.16% | -7.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.42% | 15.06% | -8.64% |
J15R.L vs. JGRE.L - Expense Ratio Comparison
J15R.L has a 0.04% 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%.
Dividends
J15R.L vs. JGRE.L - Dividend Comparison
Neither J15R.L nor JGRE.L has paid dividends to shareholders.
Frequently Asked Questions
J15R.L and JGRE.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, J15R.L is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
J15R.L is cheaper with a 0.04% expense ratio, compared with 0.25% for JGRE.L.
J15R.L is categorized as European Corporate Bonds, while JGRE.L is Global Equities. J15R.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR, while JGRE.L tracks MSCI ACWI NR USD. Their fees differ too: 0.04% for J15R.L and 0.25% for JGRE.L.
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