JGEP.L vs. NXTG.L
JGEP.L (JPMorgan ETFs (Ireland) ICAV - Global Research Enhanced Index Equity Active UCITS ETF - GBP Hedged () and NXTG.L (First Trust Indxx NextG UCITS ETF) are both Global Equities funds. JGEP.L is actively managed, while NXTG.L is passively managed. Over the past 3 years, JGEP.L returned 18.83%/yr vs 16.78%/yr for NXTG.L. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
JGEP.L vs. NXTG.L - Performance Comparison
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Returns By Period
In the year-to-date period, JGEP.L achieves a 10.38% return, which is significantly lower than NXTG.L's 39.36% return.
JGEP.L
- 1D
- -0.17%
- 1M
- 0.49%
- 6M
- 9.30%
- YTD
- 10.38%
- 1Y
- 22.06%
- 3Y*
- 18.83%
- 5Y*
- —
- 10Y*
- —
NXTG.L
- 1D
- -0.50%
- 1M
- -5.27%
- 6M
- 36.55%
- YTD
- 39.36%
- 1Y
- 56.77%
- 3Y*
- 16.78%
- 5Y*
- 9.76%
- 10Y*
- 6.94%
JGEP.L vs. NXTG.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% |
NXTG.L First Trust Indxx NextG UCITS ETF | 39.36% | 19.23% | 14.96% | 0.29% | -24.39% | 2.54% |
Correlation
The correlation between JGEP.L and NXTG.L is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021 | 0.69 |
The correlation between JGEP.L and NXTG.L has been stable across timeframes, ranging from 0.69 to 0.71 - a consistent structural relationship.
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Return for Risk
JGEP.L vs. NXTG.L — Risk / Return Rank
JGEP.L
NXTG.L
JGEP.L vs. NXTG.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 First Trust Indxx NextG UCITS ETF (NXTG.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 | NXTG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.50 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.26 | +0.66 |
| Martin ratioReturn relative to average drawdown | 12.41 | 4.72 | +7.69 |
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Drawdowns
JGEP.L vs. NXTG.L - Drawdown Comparison
The maximum JGEP.L drawdown since its inception was -22.38%, smaller than the maximum NXTG.L drawdown of -45.94%. Use the drawdown chart below to compare losses from any high point for JGEP.L and NXTG.L.
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Drawdown Indicators
| JGEP.L | NXTG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.38% | -45.94% | +23.56% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -25.38% | +17.64% |
Max Drawdown (3Y)Largest decline over 3 years | -17.66% | -31.89% | +14.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.94% | — |
Current DrawdownCurrent decline from peak | -0.17% | -9.51% | +9.34% |
Average DrawdownAverage peak-to-trough decline | -5.26% | -19.86% | +14.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 12.16% | -10.33% |
Volatility
JGEP.L vs. NXTG.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 First Trust Indxx NextG UCITS ETF (NXTG.L) has a volatility of 6.66%. This indicates that JGEP.L experiences smaller price fluctuations and is considered to be less risky than NXTG.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 | NXTG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 6.66% | -4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.04% | 15.57% | -6.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 46.75% | -35.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.49% | 43.04% | -27.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 32.80% | -17.31% |
Dividends
JGEP.L vs. NXTG.L - Dividend Comparison
Neither JGEP.L nor NXTG.L has paid dividends to shareholders.
Frequently Asked Questions
JGEP.L and NXTG.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: JPMorgan and First Trust.
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