JIBG.L vs. JPGL.L

Last updated Jun 25, 2026

JIBG.L (JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF) and JPGL.L (JPM Global Equity Multi-Factor UCITS ETF USD Acc) are both exchange-traded funds - JIBG.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while JPGL.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, JIBG.L returned 1.59%/yr vs 10.59%/yr for JPGL.L. At a 0.13 correlation, their price movements are largely independent. Both charge a 0.19% expense ratio.

Performance

JIBG.L vs. JPGL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JIBG.L) and JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JIBG.L is traded in GBP, while JPGL.L is traded in USD. To make them comparable, the JPGL.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, JIBG.L achieves a 3.34% return, which is significantly lower than JPGL.L's 12.99% return.

JIBG.L

• 1D: 0.78%
• 1M: 3.64%
• YTD: 3.34%
• 6M: 4.08%
• 1Y: 9.29%
• 3Y*: 4.15%
• 5Y*: 1.59%
• 10Y*: —

JPGL.L

• 1D: 0.74%
• 1M: 3.06%
• YTD: 12.99%
• 6M: 13.39%
• 1Y: 24.60%
• 3Y*: 15.14%
• 5Y*: 10.59%
• 10Y*: —

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

JIBG.L vs. JPGL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JIBG.L JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF	3.34%	0.49%	3.97%	2.30%	-5.70%	-0.65%	-24.58%
JPGL.L JPM Global Equity Multi-Factor UCITS ETF USD Acc	12.99%	9.82%	12.24%	7.62%	0.48%	24.47%	7.38%

Correlation

The correlation between JIBG.L and JPGL.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since Sep 9, 2020	0.13

The correlation between JIBG.L and JPGL.L shifts across timeframes, from 0.13 (all time) to 0.28 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

JIBG.L vs. JPGL.L — Risk / Return Rank

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

JIBG.L

JIBG.L Risk / Return Rank: 47
JIBG.L Sharpe Ratio Rank: 50
JIBG.L Sortino Ratio Rank: 55
JIBG.L Omega Ratio Rank: 49
JIBG.L Calmar Ratio Rank: 45
JIBG.L Martin Ratio Rank: 36

JPGL.L

JPGL.L Risk / Return Rank: 73
JPGL.L Sharpe Ratio Rank: 73
JPGL.L Sortino Ratio Rank: 79
JPGL.L Omega Ratio Rank: 71
JPGL.L Calmar Ratio Rank: 72
JPGL.L Martin Ratio Rank: 72

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.

JIBG.L vs. JPGL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JIBG.L) and JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.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.

	JIBG.L	JPGL.L	Difference
Sharpe ratio: Return per unit of total volatility	1.52	2.53	-1.01
Sortino ratio: Return per unit of downside risk	2.33	3.53	-1.20
Omega ratio: Gain probability vs. loss probability	1.27	1.46	-0.19
Calmar ratio: Return relative to maximum drawdown	1.99	4.26	-2.27
Martin ratio: Return relative to average drawdown	4.99	16.68	-11.68

JIBG.L vs. JPGL.L - Sharpe Ratio Comparison

The current JIBG.L Sharpe Ratio is 1.52, which is lower than the JPGL.L Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of JIBG.L and JPGL.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.

Drawdowns

JIBG.L vs. JPGL.L - Drawdown Comparison

The maximum JIBG.L drawdown since its inception was -33.28%, which is greater than JPGL.L's maximum drawdown of -28.18%. Use the drawdown chart below to compare losses from any high point for JIBG.L and JPGL.L.

Drawdown Indicators

	JIBG.L	JPGL.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.28%	-28.18%	-5.10%
Max Drawdown (1Y) Largest decline over 1 year	-4.64%	-5.75%	+1.11%
Max Drawdown (3Y) Largest decline over 3 years	-8.67%	-13.92%	+5.25%
Max Drawdown (5Y) Largest decline over 5 years	-12.77%	-13.92%	+1.15%
Current Drawdown Current decline from peak	-22.33%	-0.41%	-21.92%
Average Drawdown Average peak-to-trough decline	-27.41%	-3.36%	-24.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	1.47%	+0.39%

Volatility

JIBG.L vs. JPGL.L - Volatility Comparison

The current volatility for JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JIBG.L) is 1.77%, while JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.L) has a volatility of 2.86%. This indicates that JIBG.L experiences smaller price fluctuations and is considered to be less risky than JPGL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JIBG.L	JPGL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.77%	2.86%	-1.09%
Volatility (6M) Calculated over the trailing 6-month period	4.56%	7.63%	-3.07%
Volatility (1Y) Calculated over the trailing 1-year period	6.11%	9.67%	-3.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.96%	12.33%	-3.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.01%	14.94%	-1.93%

JIBG.L vs. JPGL.L - Expense Ratio Comparison

Both JIBG.L and JPGL.L have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

JIBG.L vs. JPGL.L - Dividend Comparison

JIBG.L's dividend yield for the trailing twelve months is around 5.13%, while JPGL.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
JIBG.L JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF	5.13%	4.93%	5.37%	4.10%	3.94%	6.87%	0.10%
JPGL.L JPM Global Equity Multi-Factor UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JIBG.L and JPGL.L in my portfolio?

JIBG.L and JPGL.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JIBG.L or JPGL.L?

Both ETFs have the same 0.19% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JIBG.L or JPGL.L?

JIBG.L and JPGL.L have the same expense ratio: 0.19% per year.

What is the main difference between JIBG.L and JPGL.L?

JIBG.L is categorized as Corporate Bonds, while JPGL.L is Global Equities. JIBG.L tracks Bloomberg US Corp Bond TR USD, while JPGL.L tracks MSCI ACWI NR USD.