JGRE.L vs. JUKC.L
JGRE.L (JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)) and JUKC.L (JPMorgan UK Equity Core UCITS ETF GBP (acc)) are both exchange-traded funds - JGRE.L is a Global Equities fund tracking the MSCI ACWI NR USD, while JUKC.L is a Europe Equities fund tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past 3 years, JGRE.L returned 17.09%/yr vs 14.98%/yr for JUKC.L. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
JGRE.L vs. JUKC.L - Performance Comparison
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Returns By Period
In the year-to-date period, JGRE.L achieves a 9.61% return, which is significantly higher than JUKC.L's 6.47% 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*
- —
JUKC.L
- 1D
- 0.34%
- 1M
- 2.18%
- YTD
- 6.47%
- 6M
- 8.36%
- 1Y
- 20.86%
- 3Y*
- 14.98%
- 5Y*
- —
- 10Y*
- —
JGRE.L vs. JUKC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JGRE.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) | 9.61% | 11.65% | 20.63% | 18.59% | 5.88% |
JUKC.L JPMorgan UK Equity Core UCITS ETF GBP (acc) | 6.47% | 24.96% | 9.72% | 7.55% | 5.74% |
Correlation
The correlation between JGRE.L and JUKC.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022 | 0.58 |
The correlation between JGRE.L and JUKC.L has been stable across timeframes, ranging from 0.55 to 0.58 - a consistent structural relationship.
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Return for Risk
JGRE.L vs. JUKC.L — Risk / Return Rank
JGRE.L
JUKC.L
JGRE.L vs. JUKC.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 UK Equity Core UCITS ETF GBP (acc) (JUKC.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 | JUKC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.35 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.93 | 2.37 | +1.56 |
| Martin ratioReturn relative to average drawdown | 16.25 | 8.25 | +7.99 |
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 | JUKC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.59 | 1.92 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 1.13 | -0.21 |
Drawdowns
JGRE.L vs. JUKC.L - Drawdown Comparison
The maximum JGRE.L drawdown since its inception was -25.31%, which is greater than JUKC.L's maximum drawdown of -12.95%. Use the drawdown chart below to compare losses from any high point for JGRE.L and JUKC.L.
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Drawdown Indicators
| JGRE.L | JUKC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.31% | -12.95% | -12.36% |
Max Drawdown (1Y)Largest decline over 1 year | -6.65% | -8.75% | +2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | -12.95% | -5.54% |
Max Drawdown (5Y)Largest decline over 5 years | -18.49% | — | — |
Current DrawdownCurrent decline from peak | -0.17% | -3.36% | +3.19% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -2.18% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.52% | -0.91% |
Volatility
JGRE.L vs. JUKC.L - Volatility Comparison
The current volatility for JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JGRE.L) is 2.48%, while JPMorgan UK Equity Core UCITS ETF GBP (acc) (JUKC.L) has a volatility of 3.94%. This indicates that JGRE.L experiences smaller price fluctuations and is considered to be less risky than JUKC.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 | JUKC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 3.94% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 7.20% | 9.39% | -2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.12% | 10.84% | -0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.16% | 12.06% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.06% | 12.06% | +3.00% |
JGRE.L vs. JUKC.L - Expense Ratio Comparison
Both JGRE.L and JUKC.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
JGRE.L vs. JUKC.L - Dividend Comparison
Neither JGRE.L nor JUKC.L has paid dividends to shareholders.
Frequently Asked Questions
JGRE.L and JUKC.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JGRE.L and JUKC.L have the same expense ratio: 0.25% per year.
JGRE.L is categorized as Global Equities, while JUKC.L is Europe Equities. JGRE.L tracks MSCI ACWI NR USD, while JUKC.L tracks FTSE AllSh TR GBP.
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