JGLO vs. JQUA
Compare and contrast key facts about Jpmorgan Global Select Equity ETF (JGLO) and JPMorgan U.S. Quality Factor ETF (JQUA).
JGLO and JQUA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JGLO is an actively managed fund by JPMorgan. It was launched on Sep 13, 2023. JQUA is a passively managed fund by JPMorgan Chase that tracks the performance of the JP Morgan US Quality Factor Index. It was launched on Nov 8, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JGLO or JQUA.
Key characteristics
| JGLO | JQUA | |
|---|---|---|
| YTD Return | 16.61% | 16.79% |
| 1Y Return | 27.79% | 26.23% |
| Sharpe Ratio | 2.26 | 2.21 |
| Daily Std Dev | 12.20% | 11.83% |
| Max Drawdown | -7.96% | -32.92% |
| Current Drawdown | -1.53% | -0.59% |
Correlation
The correlation between JGLO and JQUA is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JGLO vs. JQUA - Performance Comparison
The year-to-date returns for both investments are quite close, with JGLO having a 16.61% return and JQUA slightly higher at 16.79%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JGLO vs. JQUA - Expense Ratio Comparison
JGLO has a 0.47% expense ratio, which is higher than JQUA's 0.12% expense ratio.
Risk-Adjusted Performance
JGLO vs. JQUA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Global Select Equity ETF (JGLO) and JPMorgan U.S. Quality Factor ETF (JQUA). 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.
Dividends
JGLO vs. JQUA - Dividend Comparison
JGLO's dividend yield for the trailing twelve months is around 0.28%, less than JQUA's 0.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
JGLO Jpmorgan Global Select Equity ETF | 0.28% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JQUA JPMorgan U.S. Quality Factor ETF | 0.90% | 1.22% | 1.60% | 1.32% | 1.44% | 1.67% | 2.10% | 0.40% |
Drawdowns
JGLO vs. JQUA - Drawdown Comparison
The maximum JGLO drawdown since its inception was -7.96%, smaller than the maximum JQUA drawdown of -32.92%. Use the drawdown chart below to compare losses from any high point for JGLO and JQUA. For additional features, visit the drawdowns tool.
Volatility
JGLO vs. JQUA - Volatility Comparison
Jpmorgan Global Select Equity ETF (JGLO) has a higher volatility of 3.74% compared to JPMorgan U.S. Quality Factor ETF (JQUA) at 3.45%. This indicates that JGLO's price experiences larger fluctuations and is considered to be riskier than JQUA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.