JGRE.L vs. JGST.L
JGRE.L (JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)) and JGST.L (JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist)) are both exchange-traded funds - JGRE.L is a Global Equities fund tracking the MSCI ACWI NR USD, while JGST.L is a Ultrashort Bond fund actively managed by JPMorgan. JGRE.L is passively managed, while JGST.L is actively managed. Over the past 5 years, JGRE.L returned 13.30%/yr vs 3.35%/yr for JGST.L. At a 0.07 correlation, their price movements are largely independent. JGRE.L charges 0.25%/yr vs 0.18%/yr for JGST.L.
Performance
JGRE.L vs. JGST.L - Performance Comparison
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Different Trading Currencies
JGRE.L is traded in GBp, while JGST.L is traded in GBP. To make them comparable, the JGST.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, JGRE.L achieves a 9.61% return, which is significantly higher than JGST.L's 1.36% 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*
- —
JGST.L
- 1D
- -0.07%
- 1M
- 0.50%
- YTD
- 1.36%
- 6M
- 1.67%
- 1Y
- 4.22%
- 3Y*
- 4.99%
- 5Y*
- 3.35%
- 10Y*
- —
JGRE.L vs. JGST.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 23.96% | -6.01% |
JGST.L JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) | 1.36% | 4.98% | 5.09% | 5.01% | 0.58% | 0.10% | 1.10% | 1.19% | 0.13% |
Correlation
The correlation between JGRE.L and JGST.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.07 |
The correlation between JGRE.L and JGST.L shifts across timeframes, from 0.06 (5 years) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JGRE.L vs. JGST.L — Risk / Return Rank
JGRE.L
JGST.L
JGRE.L vs. JGST.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 JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) (JGST.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 | JGST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.96 | ||
| Sortino ratioReturn per unit of downside risk | -8.16 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 3.00 | -1.51 |
| Calmar ratioReturn relative to maximum drawdown | 3.93 | 10.07 | -6.14 |
| Martin ratioReturn relative to average drawdown | 16.25 | 60.92 | -44.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JGRE.L | JGST.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.59 | 6.55 | -3.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 5.77 | -4.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 4.32 | -3.40 |
Drawdowns
JGRE.L vs. JGST.L - Drawdown Comparison
The maximum JGRE.L drawdown since its inception was -25.31%, which is greater than JGST.L's maximum drawdown of -1.18%. Use the drawdown chart below to compare losses from any high point for JGRE.L and JGST.L.
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Drawdown Indicators
| JGRE.L | JGST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.31% | -1.18% | -24.13% |
Max Drawdown (1Y)Largest decline over 1 year | -6.65% | -0.43% | -6.22% |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | -0.43% | -18.06% |
Max Drawdown (5Y)Largest decline over 5 years | -18.49% | -0.76% | -17.73% |
Current DrawdownCurrent decline from peak | -0.17% | -0.07% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -0.10% | -3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 0.07% | +1.54% |
Volatility
JGRE.L vs. JGST.L - Volatility Comparison
JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JGRE.L) has a higher volatility of 2.48% compared to JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) (JGST.L) at 0.25%. This indicates that JGRE.L's price experiences larger fluctuations and is considered to be riskier than JGST.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JGRE.L | JGST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 0.25% | +2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 7.20% | 0.59% | +6.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.12% | 0.65% | +9.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.16% | 0.58% | +12.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.06% | 0.57% | +14.49% |
JGRE.L vs. JGST.L - Expense Ratio Comparison
JGRE.L has a 0.25% expense ratio, which is higher than JGST.L's 0.18% 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. JGST.L - Dividend Comparison
JGRE.L has not paid dividends to shareholders, while JGST.L's dividend yield for the trailing twelve months is around 4.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
JGST.L JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) | 4.29% | 4.37% | 5.01% | 3.88% | 1.01% | 0.51% | 0.73% | 0.72% | 0.21% |
Frequently Asked Questions
JGRE.L and JGST.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JGST.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JGST.L is cheaper with a 0.18% expense ratio, compared with 0.25% for JGRE.L.
JGRE.L is categorized as Global Equities, while JGST.L is Ultrashort Bond. Their fees differ too: 0.25% for JGRE.L and 0.18% for JGST.L.
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