JPGL.DE vs. CBUG.DE
JPGL.DE (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) and CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) are both Global Equities funds - JPGL.DE tracks the JP Morgan Diversified Factor Global Developed (Region Aware) Equity while CBUG.DE tracks the MSCI ACWI SMID NR USD. Both are passively managed. Over the past 3 years, JPGL.DE returned 14.88%/yr vs 14.10%/yr for CBUG.DE. Their correlation of 0.81 suggests significant overlap in exposure. JPGL.DE charges 0.20%/yr vs 0.10%/yr for CBUG.DE.
Performance
JPGL.DE vs. CBUG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JPGL.DE achieves a 15.24% return, which is significantly lower than CBUG.DE's 16.79% return.
JPGL.DE
- 1D
- 0.40%
- 1M
- 1.89%
- 6M
- 10.71%
- YTD
- 15.24%
- 1Y
- 25.25%
- 3Y*
- 14.88%
- 5Y*
- 10.43%
- 10Y*
- —
CBUG.DE
- 1D
- 0.33%
- 1M
- 0.66%
- 6M
- 10.07%
- YTD
- 16.79%
- 1Y
- 30.77%
- 3Y*
- 14.10%
- 5Y*
- —
- 10Y*
- —
JPGL.DE vs. CBUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JPGL.DE JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating | 15.24% | 5.19% | 16.53% | 9.72% | -4.98% | 3.12% |
CBUG.DE iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) | 16.79% | 6.50% | 13.10% | 11.25% | -14.07% | 2.02% |
Correlation
The correlation between JPGL.DE and CBUG.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.81 |
The correlation between JPGL.DE and CBUG.DE has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.
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Return for Risk
JPGL.DE vs. CBUG.DE — Risk / Return Rank
JPGL.DE
CBUG.DE
JPGL.DE vs. CBUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE) and iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE). 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.
| JPGL.DE | CBUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.39 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 5.28 | 4.23 | +1.05 |
| Martin ratioReturn relative to average drawdown | 20.91 | 15.83 | +5.08 |
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Drawdowns
JPGL.DE vs. CBUG.DE - Drawdown Comparison
The maximum JPGL.DE drawdown since its inception was -35.54%, which is greater than CBUG.DE's maximum drawdown of -24.57%. Use the drawdown chart below to compare losses from any high point for JPGL.DE and CBUG.DE.
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Drawdown Indicators
| JPGL.DE | CBUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -24.57% | -10.97% |
Max Drawdown (1Y)Largest decline over 1 year | -4.76% | -7.24% | +2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -17.34% | -24.57% | +7.23% |
Max Drawdown (5Y)Largest decline over 5 years | -17.34% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -2.08% | +1.97% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -7.33% | +2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 1.94% | -0.74% |
Volatility
JPGL.DE vs. CBUG.DE - Volatility Comparison
The current volatility for JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE) is 1.71%, while iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) has a volatility of 3.78%. This indicates that JPGL.DE experiences smaller price fluctuations and is considered to be less risky than CBUG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPGL.DE | CBUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 3.78% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 5.95% | 10.23% | -4.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.47% | 14.19% | -5.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.83% | 16.63% | -4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.89% | 16.63% | -1.74% |
JPGL.DE vs. CBUG.DE - Expense Ratio Comparison
JPGL.DE has a 0.20% expense ratio, which is higher than CBUG.DE's 0.10% 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
JPGL.DE vs. CBUG.DE - Dividend Comparison
Neither JPGL.DE nor CBUG.DE has paid dividends to shareholders.
Frequently Asked Questions
JPGL.DE and CBUG.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUG.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for JPGL.DE.
JPGL.DE tracks JP Morgan Diversified Factor Global Developed (Region Aware) Equity, while CBUG.DE tracks MSCI ACWI SMID NR USD. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.20% for JPGL.DE and 0.10% for CBUG.DE.
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