JGEP.L vs. LGGL.L
JGEP.L (JPM Global Research Enhanced Index Equity Active UCITS ETF GBP Hedged (Acc)) and LGGL.L (L&G Global Equity UCITS ETF) are both Global Equities funds. JGEP.L is actively managed, while LGGL.L is passively managed. Over the past 3 years, JGEP.L returned 18.19%/yr vs 17.31%/yr for LGGL.L. A 0.78 correlation means they provide meaningful diversification when combined. JGEP.L charges 0.25%/yr vs 0.10%/yr for LGGL.L.
Performance
JGEP.L vs. LGGL.L - Performance Comparison
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Different Trading Currencies
JGEP.L is traded in GBp, while LGGL.L is traded in USD. To make them comparable, the LGGL.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with JGEP.L having a 9.27% return and LGGL.L slightly lower at 9.26%.
JGEP.L
- 1D
- -1.13%
- 1M
- -0.51%
- 6M
- 7.68%
- YTD
- 9.27%
- 1Y
- 20.40%
- 3Y*
- 18.19%
- 5Y*
- —
- 10Y*
- —
LGGL.L
- 1D
- -0.90%
- 1M
- -1.88%
- 6M
- 6.84%
- YTD
- 9.26%
- 1Y
- 20.12%
- 3Y*
- 17.31%
- 5Y*
- 12.08%
- 10Y*
- —
JGEP.L vs. LGGL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JGEP.L JPM Global Research Enhanced Index Equity Active UCITS ETF GBP Hedged (Acc) | 9.27% | 17.65% | 20.96% | 24.74% | -17.30% | 1.73% |
LGGL.L L&G Global Equity UCITS ETF | 9.26% | 12.55% | 21.28% | 18.77% | -8.29% | -0.83% |
Correlation
The correlation between JGEP.L and LGGL.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021 | 0.78 |
The correlation between JGEP.L and LGGL.L has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
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Return for Risk
JGEP.L vs. LGGL.L — Risk / Return Rank
JGEP.L
LGGL.L
JGEP.L vs. LGGL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM Global Research Enhanced Index Equity Active UCITS ETF GBP Hedged (Acc) (JGEP.L) and L&G Global Equity UCITS ETF (LGGL.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 | LGGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.31 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 3.04 | -0.42 |
| Martin ratioReturn relative to average drawdown | 11.14 | 10.99 | +0.15 |
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Drawdowns
JGEP.L vs. LGGL.L - Drawdown Comparison
The maximum JGEP.L drawdown since its inception was -22.38%, smaller than the maximum LGGL.L drawdown of -25.97%. Use the drawdown chart below to compare losses from any high point for JGEP.L and LGGL.L.
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Drawdown Indicators
| JGEP.L | LGGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.38% | -25.97% | +3.59% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -6.59% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -17.66% | -19.24% | +1.58% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.24% | — |
Current DrawdownCurrent decline from peak | -1.18% | -1.93% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -5.26% | -3.25% | -2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 1.83% | 0.00% |
Volatility
JGEP.L vs. LGGL.L - Volatility Comparison
The current volatility for JPM Global Research Enhanced Index Equity Active UCITS ETF GBP Hedged (Acc) (JGEP.L) is 2.84%, while L&G Global Equity UCITS ETF (LGGL.L) has a volatility of 3.15%. This indicates that JGEP.L experiences smaller price fluctuations and is considered to be less risky than LGGL.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 | LGGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 3.15% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 9.62% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 12.12% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.49% | 14.54% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 16.22% | -0.73% |
JGEP.L vs. LGGL.L - Expense Ratio Comparison
JGEP.L has a 0.25% expense ratio, which is higher than LGGL.L's 0.10% 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. LGGL.L - Dividend Comparison
Neither JGEP.L nor LGGL.L has paid dividends to shareholders.
Frequently Asked Questions
JGEP.L and LGGL.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGGL.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGGL.L is cheaper with a 0.10% expense ratio, compared with 0.25% for JGEP.L.
They also come from different issuers: JPMorgan and L&G. Their fees differ too: 0.25% for JGEP.L and 0.10% for LGGL.L.
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