JPCT.L vs. JPGL.L
JPCT.L (JPM Carbon Transition Global Equity (CTB) UCITS ETF USD (Acc)) and JPGL.L (JPM Global Equity Multi-Factor UCITS ETF USD Acc) are both Global Equities funds from JPMorgan - JPCT.L tracks the Solactive J.P. Morgan Asset Management Carbon Transition Global Equity CTB Index while JPGL.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, JPCT.L returned 10.20%/yr vs 9.80%/yr for JPGL.L. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.19% expense ratio.
Performance
JPCT.L vs. JPGL.L - Performance Comparison
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Returns By Period
In the year-to-date period, JPCT.L achieves a 6.18% return, which is significantly lower than JPGL.L's 12.52% return.
JPCT.L
- 1D
- -1.27%
- 1M
- -0.36%
- 6M
- 4.66%
- YTD
- 6.18%
- 1Y
- 16.45%
- 3Y*
- 16.26%
- 5Y*
- 10.20%
- 10Y*
- —
JPGL.L
- 1D
- 0.23%
- 1M
- 0.56%
- 6M
- 10.11%
- YTD
- 12.52%
- 1Y
- 22.07%
- 3Y*
- 15.44%
- 5Y*
- 9.80%
- 10Y*
- —
JPCT.L vs. JPGL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JPCT.L JPM Carbon Transition Global Equity (CTB) UCITS ETF USD (Acc) | 6.18% | 19.79% | 17.53% | 23.63% | -18.49% | 23.68% | 10.79% |
JPGL.L JPM Global Equity Multi-Factor UCITS ETF USD Acc | 12.52% | 18.24% | 10.32% | 13.28% | -10.20% | 23.30% | 10.85% |
Correlation
The correlation between JPCT.L and JPGL.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2020 | 0.85 |
The correlation between JPCT.L and JPGL.L shifts across timeframes, from 0.68 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JPCT.L vs. JPGL.L — Risk / Return Rank
JPCT.L
JPGL.L
JPCT.L vs. JPGL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM Carbon Transition Global Equity (CTB) UCITS ETF USD (Acc) (JPCT.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.
| JPCT.L | JPGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.40 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 3.48 | -1.88 |
| Martin ratioReturn relative to average drawdown | 6.76 | 12.79 | -6.03 |
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Drawdowns
JPCT.L vs. JPGL.L - Drawdown Comparison
The maximum JPCT.L drawdown since its inception was -26.59%, smaller than the maximum JPGL.L drawdown of -35.87%. Use the drawdown chart below to compare losses from any high point for JPCT.L and JPGL.L.
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Drawdown Indicators
| JPCT.L | JPGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.59% | -35.87% | +9.28% |
Max Drawdown (1Y)Largest decline over 1 year | -10.25% | -6.32% | -3.93% |
Max Drawdown (3Y)Largest decline over 3 years | -17.82% | -12.45% | -5.37% |
Max Drawdown (5Y)Largest decline over 5 years | -26.59% | -21.04% | -5.55% |
Current DrawdownCurrent decline from peak | -1.27% | -0.33% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -4.43% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 1.72% | +0.71% |
Volatility
JPCT.L vs. JPGL.L - Volatility Comparison
JPM Carbon Transition Global Equity (CTB) UCITS ETF USD (Acc) (JPCT.L) has a higher volatility of 3.38% compared to JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.L) at 2.75%. This indicates that JPCT.L's price experiences larger fluctuations and is considered to be riskier than JPGL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPCT.L | JPGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 2.75% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 7.79% | +2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.17% | 9.93% | +3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.71% | 13.44% | +2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.33% | 16.02% | -0.69% |
JPCT.L vs. JPGL.L - Expense Ratio Comparison
Both JPCT.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
JPCT.L vs. JPGL.L - Dividend Comparison
Neither JPCT.L nor JPGL.L has paid dividends to shareholders.
Frequently Asked Questions
JPCT.L and JPGL.L have a correlation of 0.68, 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 0.19% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JPCT.L and JPGL.L have the same expense ratio: 0.19% per year.
JPCT.L tracks Solactive J.P. Morgan Asset Management Carbon Transition Global Equity CTB Index, while JPGL.L tracks MSCI ACWI NR USD.
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