JMRE.L vs. VPN

Last updated Jun 4, 2026

JMRE.L (JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) and VPN (Global X Data Center REITs & Digital Infrastructure ETF) are both exchange-traded funds - JMRE.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while VPN is a Technology Equities fund tracking the Solactive Data Center REITs & Digital Infrastructure Index. Both are passively managed. Over the past 5 years, JMRE.L returned 8.79%/yr vs 16.77%/yr for VPN. At a 0.41 correlation, their price movements are largely independent. JMRE.L charges 0.30%/yr vs 0.50%/yr for VPN.

Performance

JMRE.L vs. VPN - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JMRE.L) and Global X Data Center REITs & Digital Infrastructure ETF (VPN). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JMRE.L is traded in GBp, while VPN is traded in USD. To make them comparable, the VPN values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, JMRE.L achieves a 31.45% return, which is significantly lower than VPN's 53.12% return.

JMRE.L

• 1D: -0.80%
• 1M: 10.96%
• YTD: 31.45%
• 6M: 33.94%
• 1Y: 62.35%
• 3Y*: 22.02%
• 5Y*: 8.79%
• 10Y*: —

VPN

• 1D: -0.48%
• 1M: 12.21%
• YTD: 53.12%
• 6M: 53.68%
• 1Y: 86.02%
• 3Y*: 32.95%
• 5Y*: 16.77%
• 10Y*: —

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

JMRE.L vs. VPN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JMRE.L JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)	31.45%	25.64%	8.21%	2.02%	-12.02%	-1.26%	11.08%
VPN Global X Data Center REITs & Digital Infrastructure ETF	53.12%	19.80%	16.93%	12.98%	-22.67%	21.49%	0.11%

Correlation

The correlation between JMRE.L and VPN is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Oct 30, 2020	0.41

The correlation between JMRE.L and VPN shifts across timeframes, from 0.41 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.

JMRE.L vs. VPN - Sectors Allocation Comparison

Sectors	JMRE.L	VPN
Technology	37.5%	30.6%
Financial Services	20.3%	0.9%
Consumer Cyclical	10.7%	-
Communication Services	7.3%	10.5%
Industrials	6.8%	-
Basic Materials	5.9%	-
Energy	4.5%	-
Healthcare	2.7%	-
Consumer Defensive	2.5%	-
Utilities	1.6%	-
Real Estate	0.4%	58.0%

Return for Risk

JMRE.L vs. VPN — Risk / Return Rank

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

JMRE.L

JMRE.L Risk / Return Rank: 92
JMRE.L Sharpe Ratio Rank: 94
JMRE.L Sortino Ratio Rank: 93
JMRE.L Omega Ratio Rank: 94
JMRE.L Calmar Ratio Rank: 91
JMRE.L Martin Ratio Rank: 90

VPN

VPN Risk / Return Rank: 92
VPN Sharpe Ratio Rank: 95
VPN Sortino Ratio Rank: 93
VPN Omega Ratio Rank: 91
VPN Calmar Ratio Rank: 93
VPN Martin Ratio Rank: 90

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.

JMRE.L vs. VPN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JMRE.L) and Global X Data Center REITs & Digital Infrastructure ETF (VPN). 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.

	JMRE.L	VPN	Difference
Sharpe ratio: Return per unit of total volatility	3.70	4.21	-0.51
Sortino ratio: Return per unit of downside risk	4.69	5.06	-0.38
Omega ratio: Gain probability vs. loss probability	1.69	1.65	+0.03
Calmar ratio: Return relative to maximum drawdown	5.90	7.32	-1.42
Martin ratio: Return relative to average drawdown	20.57	22.81	-2.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JMRE.L vs. VPN - Sharpe Ratio Comparison

The current JMRE.L Sharpe Ratio is 3.70, which is comparable to the VPN Sharpe Ratio of 4.21. The chart below compares the historical Sharpe Ratios of JMRE.L and VPN, 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

	JMRE.L	VPN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.70	4.21	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.84	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.78	-0.53

Drawdowns

JMRE.L vs. VPN - Drawdown Comparison

The maximum JMRE.L drawdown since its inception was -31.64%, which is greater than VPN's maximum drawdown of -26.90%. Use the drawdown chart below to compare losses from any high point for JMRE.L and VPN.

Drawdown Indicators

	JMRE.L	VPN	Difference
Max Drawdown Largest peak-to-trough decline	-31.64%	-26.90%	-4.74%
Max Drawdown (1Y) Largest decline over 1 year	-10.51%	-11.81%	+1.30%
Max Drawdown (3Y) Largest decline over 3 years	-23.91%	-25.55%	+1.64%
Max Drawdown (5Y) Largest decline over 5 years	-25.50%	-26.90%	+1.40%
Current Drawdown Current decline from peak	-0.80%	-0.48%	-0.32%
Average Drawdown Average peak-to-trough decline	-14.76%	-9.73%	-5.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	3.78%	-0.76%

Volatility

JMRE.L vs. VPN - Volatility Comparison

JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JMRE.L) has a higher volatility of 7.44% compared to Global X Data Center REITs & Digital Infrastructure ETF (VPN) at 6.37%. This indicates that JMRE.L's price experiences larger fluctuations and is considered to be riskier than VPN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMRE.L	VPN	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.44%	6.37%	+1.07%
Volatility (6M) Calculated over the trailing 6-month period	14.31%	15.41%	-1.10%
Volatility (1Y) Calculated over the trailing 1-year period	16.78%	20.56%	-3.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.62%	20.14%	+6.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.15%	20.46%	+5.69%

JMRE.L vs. VPN - Expense Ratio Comparison

JMRE.L has a 0.30% expense ratio, which is lower than VPN's 0.50% expense ratio.

Dividends

JMRE.L vs. VPN - Dividend Comparison

JMRE.L has not paid dividends to shareholders, while VPN's dividend yield for the trailing twelve months is around 0.72%.

Position	TTM	2025	2024	2023	2022	2021	2020
JMRE.L JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VPN Global X Data Center REITs & Digital Infrastructure ETF	0.72%	1.10%	1.72%	1.18%	2.57%	1.27%	0.30%

Frequently Asked Questions

Can I hold both JMRE.L and VPN in my portfolio?

JMRE.L and VPN have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JMRE.L or VPN?

On fees, JMRE.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JMRE.L or VPN?

JMRE.L is cheaper with a 0.30% expense ratio, compared with 0.50% for VPN.

What is the main difference between JMRE.L and VPN?

JMRE.L is categorized as Emerging Markets Equities, while VPN is Technology Equities. JMRE.L tracks MSCI EM NR USD, while VPN tracks Solactive Data Center REITs & Digital Infrastructure Index. They also come from different issuers: JPMorgan and Global X. Their fees differ too: 0.30% for JMRE.L and 0.50% for VPN.