JGEP.L vs. G500.L
JGEP.L (JPMorgan ETFs (Ireland) ICAV - Global Research Enhanced Index Equity Active UCITS ETF - GBP Hedged () and G500.L (Invesco S&P 500 UCITS ETF (GBP Hdg)) are both Global Equities funds. JGEP.L is actively managed, while G500.L is passively managed. Over the past 3 years, JGEP.L returned 18.83%/yr vs 19.63%/yr for G500.L. Their correlation of 0.93 suggests significant overlap in exposure. JGEP.L charges 0.25%/yr vs 0.05%/yr for G500.L.
Performance
JGEP.L vs. G500.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JGEP.L having a 10.38% return and G500.L slightly lower at 9.90%.
JGEP.L
- 1D
- -0.17%
- 1M
- 0.49%
- 6M
- 9.30%
- YTD
- 10.38%
- 1Y
- 22.06%
- 3Y*
- 18.83%
- 5Y*
- —
- 10Y*
- —
G500.L
- 1D
- -0.05%
- 1M
- -0.03%
- 6M
- 9.49%
- YTD
- 9.90%
- 1Y
- 21.08%
- 3Y*
- 19.63%
- 5Y*
- 12.15%
- 10Y*
- —
JGEP.L vs. G500.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JGEP.L JPMorgan ETFs (Ireland) ICAV - Global Research Enhanced Index Equity Active UCITS ETF - GBP Hedged ( | 10.38% | 17.65% | 20.96% | 24.74% | -17.30% | 1.73% |
G500.L Invesco S&P 500 UCITS ETF (GBP Hdg) | 9.90% | 17.45% | 24.98% | 24.88% | -19.98% | 1.80% |
Correlation
The correlation between JGEP.L and G500.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 | 0.94 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021 | 0.93 |
The correlation between JGEP.L and G500.L has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
JGEP.L vs. G500.L — Risk / Return Rank
JGEP.L
G500.L
JGEP.L vs. G500.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan ETFs (Ireland) ICAV - Global Research Enhanced Index Equity Active UCITS ETF - GBP Hedged ( (JGEP.L) and Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.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.
| JGEP.L | G500.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.33 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.65 | +0.27 |
| Martin ratioReturn relative to average drawdown | 12.41 | 10.68 | +1.73 |
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Drawdowns
JGEP.L vs. G500.L - Drawdown Comparison
The maximum JGEP.L drawdown since its inception was -22.38%, smaller than the maximum G500.L drawdown of -25.20%. Use the drawdown chart below to compare losses from any high point for JGEP.L and G500.L.
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Drawdown Indicators
| JGEP.L | G500.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.38% | -25.20% | +2.82% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -8.21% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -17.66% | -18.22% | +0.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.20% | — |
Current DrawdownCurrent decline from peak | -0.17% | -0.66% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -5.26% | -5.31% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.04% | -0.21% |
Volatility
JGEP.L vs. G500.L - Volatility Comparison
The current volatility for JPMorgan ETFs (Ireland) ICAV - Global Research Enhanced Index Equity Active UCITS ETF - GBP Hedged ( (JGEP.L) is 2.61%, while Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) has a volatility of 2.79%. This indicates that JGEP.L experiences smaller price fluctuations and is considered to be less risky than G500.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JGEP.L | G500.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 2.79% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 9.04% | 9.28% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 12.06% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.49% | 15.99% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 15.87% | -0.38% |
JGEP.L vs. G500.L - Expense Ratio Comparison
JGEP.L has a 0.25% expense ratio, which is higher than G500.L's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
JGEP.L vs. G500.L - Dividend Comparison
Neither JGEP.L nor G500.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, JGEP.L and G500.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.
On fees, G500.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
G500.L is cheaper with a 0.05% expense ratio, compared with 0.25% for JGEP.L.
They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.25% for JGEP.L and 0.05% for G500.L.
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