JPLG.L vs. JGSA.L
JPLG.L (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) and JGSA.L (JPM GBP Ultra-Short Income Active ETF GBP Acc) are both exchange-traded funds - JPLG.L is a Global Equities fund tracking the MSCI ACWI NR USD, while JGSA.L is a Ultrashort Bond fund actively managed by JPMorgan. JPLG.L is passively managed, while JGSA.L is actively managed. Over the past 5 years, JPLG.L returned 10.40%/yr vs 3.38%/yr for JGSA.L. At a 0.07 correlation, their price movements are largely independent. JPLG.L charges 0.20%/yr vs 0.18%/yr for JGSA.L.
Performance
JPLG.L vs. JGSA.L - Performance Comparison
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Different Trading Currencies
JPLG.L is traded in GBp, while JGSA.L is traded in GBP. To make them comparable, the JGSA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, JPLG.L achieves a 10.76% return, which is significantly higher than JGSA.L's 1.32% return.
JPLG.L
- 1D
- 0.68%
- 1M
- 3.55%
- YTD
- 10.76%
- 6M
- 11.53%
- 1Y
- 23.08%
- 3Y*
- 13.92%
- 5Y*
- 10.40%
- 10Y*
- —
JGSA.L
- 1D
- 0.03%
- 1M
- 0.48%
- YTD
- 1.32%
- 6M
- 1.73%
- 1Y
- 4.33%
- 3Y*
- 5.00%
- 5Y*
- 3.38%
- 10Y*
- —
JPLG.L vs. JGSA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JPLG.L JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating | 10.76% | 10.11% | 12.09% | 7.05% | 0.72% | 24.67% | 2.57% | -0.56% |
JGSA.L JPM GBP Ultra-Short Income Active ETF GBP Acc | 1.32% | 5.06% | 5.09% | 5.01% | 0.58% | -0.02% | 1.11% | 0.42% |
Correlation
The correlation between JPLG.L and JGSA.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.07 |
The correlation between JPLG.L and JGSA.L shifts across timeframes, from 0.07 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JPLG.L vs. JGSA.L — Risk / Return Rank
JPLG.L
JGSA.L
JPLG.L vs. JGSA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.L) and JPM GBP Ultra-Short Income Active ETF GBP Acc (JGSA.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.
| JPLG.L | JGSA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.24 | ||
| Sortino ratioReturn per unit of downside risk | -9.51 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 3.36 | -1.84 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 10.36 | -6.25 |
| Martin ratioReturn relative to average drawdown | 15.36 | 54.06 | -38.70 |
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
| JPLG.L | JGSA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.92 | 7.16 | -4.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 6.10 | -5.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 4.28 | -3.59 |
Drawdowns
JPLG.L vs. JGSA.L - Drawdown Comparison
The maximum JPLG.L drawdown since its inception was -27.53%, which is greater than JGSA.L's maximum drawdown of -1.42%. Use the drawdown chart below to compare losses from any high point for JPLG.L and JGSA.L.
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Drawdown Indicators
| JPLG.L | JGSA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.53% | -1.42% | -26.11% |
Max Drawdown (1Y)Largest decline over 1 year | -5.59% | -0.42% | -5.17% |
Max Drawdown (3Y)Largest decline over 3 years | -13.65% | -0.42% | -13.23% |
Max Drawdown (5Y)Largest decline over 5 years | -13.65% | -0.73% | -12.92% |
Current DrawdownCurrent decline from peak | 0.00% | -0.06% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -0.10% | -3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 0.08% | +1.42% |
Volatility
JPLG.L vs. JGSA.L - Volatility Comparison
JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.L) has a higher volatility of 1.96% compared to JPM GBP Ultra-Short Income Active ETF GBP Acc (JGSA.L) at 0.26%. This indicates that JPLG.L's price experiences larger fluctuations and is considered to be riskier than JGSA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPLG.L | JGSA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 0.26% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 5.88% | 0.53% | +5.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.88% | 0.60% | +7.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.90% | 0.55% | +10.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.75% | 0.62% | +13.13% |
JPLG.L vs. JGSA.L - Expense Ratio Comparison
JPLG.L has a 0.20% expense ratio, which is higher than JGSA.L's 0.18% 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
JPLG.L vs. JGSA.L - Dividend Comparison
Neither JPLG.L nor JGSA.L has paid dividends to shareholders.
Frequently Asked Questions
JPLG.L and JGSA.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JGSA.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JGSA.L is cheaper with a 0.18% expense ratio, compared with 0.20% for JPLG.L.
JPLG.L is categorized as Global Equities, while JGSA.L is Ultrashort Bond. Their fees differ too: 0.20% for JPLG.L and 0.18% for JGSA.L.
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