JGRE.L vs. BBDD.L

Last updated Jun 5, 2026

JGRE.L (JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)) and BBDD.L (JPMorgan BetaBuilders US Equity UCITS ETF (Dist)) are both exchange-traded funds - JGRE.L is a Global Equities fund tracking the MSCI ACWI NR USD, while BBDD.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, JGRE.L returned 13.30%/yr vs 14.50%/yr for BBDD.L. With a 0.97 correlation, they move nearly in lockstep. JGRE.L charges 0.25%/yr vs 0.05%/yr for BBDD.L.

Performance

JGRE.L vs. BBDD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JGRE.L) and JPMorgan BetaBuilders US Equity UCITS ETF (Dist) (BBDD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JGRE.L achieves a 9.61% return, which is significantly lower than BBDD.L's 10.30% return.

JGRE.L

• 1D: 0.12%
• 1M: 4.66%
• YTD: 9.61%
• 6M: 10.05%
• 1Y: 26.28%
• 3Y*: 17.09%
• 5Y*: 13.30%
• 10Y*: —

BBDD.L

• 1D: 0.06%
• 1M: 5.57%
• YTD: 10.30%
• 6M: 10.10%
• 1Y: 28.61%
• 3Y*: 19.09%
• 5Y*: 14.50%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JGRE.L vs. BBDD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
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%	10.81%
BBDD.L JPMorgan BetaBuilders US Equity UCITS ETF (Dist)	10.30%	9.41%	27.20%	20.72%	-10.45%	29.23%	16.11%	11.88%

Correlation

The correlation between JGRE.L and BBDD.L is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Apr 11, 2019	0.97

The correlation between JGRE.L and BBDD.L has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

JGRE.L vs. BBDD.L - Sectors Allocation Comparison

Sectors	JGRE.L	BBDD.L
Technology	28.6%	35.4%
Financial Services	15.4%	11.8%
Industrials	11.3%	8.4%
Consumer Cyclical	10.1%	10.1%
Communication Services	9.1%	11.5%
Healthcare	8.9%	8.6%
Consumer Defensive	4.6%	4.8%
Energy	4.2%	3.6%
Basic Materials	3.2%	1.7%
Utilities	2.9%	2.3%
Real Estate	1.7%	1.8%

Return for Risk

JGRE.L vs. BBDD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JGRE.L

JGRE.L Risk / Return Rank: 81
JGRE.L Sharpe Ratio Rank: 81
JGRE.L Sortino Ratio Rank: 81
JGRE.L Omega Ratio Rank: 83
JGRE.L Calmar Ratio Rank: 78
JGRE.L Martin Ratio Rank: 82

BBDD.L

BBDD.L Risk / Return Rank: 79
BBDD.L Sharpe Ratio Rank: 84
BBDD.L Sortino Ratio Rank: 81
BBDD.L Omega Ratio Rank: 84
BBDD.L Calmar Ratio Rank: 74
BBDD.L Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JGRE.L vs. BBDD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JGRE.L) and JPMorgan BetaBuilders US Equity UCITS ETF (Dist) (BBDD.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.

	JGRE.L	BBDD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.59	2.69	-0.11
Sortino ratio: Return per unit of downside risk	3.55	3.60	-0.05
Omega ratio: Gain probability vs. loss probability	1.49	1.50	-0.01
Calmar ratio: Return relative to maximum drawdown	3.93	3.66	+0.27
Martin ratio: Return relative to average drawdown	16.25	12.78	+3.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JGRE.L vs. BBDD.L - Sharpe Ratio Comparison

The current JGRE.L Sharpe Ratio is 2.59, which is comparable to the BBDD.L Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of JGRE.L and BBDD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JGRE.L	BBDD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	2.69	-0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	1.00	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.96	-0.04

Drawdowns

JGRE.L vs. BBDD.L - Drawdown Comparison

The maximum JGRE.L drawdown since its inception was -25.31%, roughly equal to the maximum BBDD.L drawdown of -25.72%. Use the drawdown chart below to compare losses from any high point for JGRE.L and BBDD.L.

Drawdown Indicators

	JGRE.L	BBDD.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.31%	-25.72%	+0.41%
Max Drawdown (1Y) Largest decline over 1 year	-6.65%	-7.78%	+1.13%
Max Drawdown (3Y) Largest decline over 3 years	-18.49%	-21.41%	+2.92%
Max Drawdown (5Y) Largest decline over 5 years	-18.49%	-21.41%	+2.92%
Current Drawdown Current decline from peak	-0.17%	-0.16%	-0.01%
Average Drawdown Average peak-to-trough decline	-3.10%	-3.72%	+0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	2.23%	-0.62%

Volatility

JGRE.L vs. BBDD.L - Volatility Comparison

The current volatility for JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JGRE.L) is 2.48%, while JPMorgan BetaBuilders US Equity UCITS ETF (Dist) (BBDD.L) has a volatility of 2.63%. This indicates that JGRE.L experiences smaller price fluctuations and is considered to be less risky than BBDD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JGRE.L	BBDD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.48%	2.63%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	7.20%	7.24%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	10.12%	10.57%	-0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.16%	14.47%	-1.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.06%	16.17%	-1.11%

JGRE.L vs. BBDD.L - Expense Ratio Comparison

JGRE.L has a 0.25% expense ratio, which is higher than BBDD.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

JGRE.L vs. BBDD.L - Dividend Comparison

JGRE.L has not paid dividends to shareholders, while BBDD.L's dividend yield for the trailing twelve months is around 0.99%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BBDD.L JPMorgan BetaBuilders US Equity UCITS ETF (Dist)	0.99%	1.12%	0.99%	1.31%	1.44%	0.94%	1.46%	0.79%
JGRE.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JGRE.L and BBDD.L in my portfolio?

With a correlation of 0.94, JGRE.L and BBDD.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.

Which ETF is better, JGRE.L or BBDD.L?

On fees, BBDD.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JGRE.L or BBDD.L?

BBDD.L is cheaper with a 0.05% expense ratio, compared with 0.25% for JGRE.L.

What is the main difference between JGRE.L and BBDD.L?

JGRE.L is categorized as Global Equities, while BBDD.L is Large Cap Blend Equities. JGRE.L tracks MSCI ACWI NR USD, while BBDD.L tracks Russell 1000 TR USD. Their fees differ too: 0.25% for JGRE.L and 0.05% for BBDD.L.