JPLG.L vs. SMT.L
JPLG.L (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) and SMT.L (Scottish Mortgage Investment Trust plc) are both Global Equities funds. JPLG.L is passively managed, while SMT.L is actively managed. Over the past 5 years, JPLG.L returned 10.63%/yr vs 2.05%/yr for SMT.L. A 0.53 correlation means they provide meaningful diversification when combined. JPLG.L charges 0.20%/yr vs 0.31%/yr for SMT.L.
Performance
JPLG.L vs. SMT.L - Performance Comparison
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Returns By Period
In the year-to-date period, JPLG.L achieves a 12.92% return, which is significantly lower than SMT.L's 18.80% return.
JPLG.L
- 1D
- 0.86%
- 1M
- 3.12%
- YTD
- 12.92%
- 6M
- 13.49%
- 1Y
- 24.78%
- 3Y*
- 15.11%
- 5Y*
- 10.63%
- 10Y*
- —
SMT.L
- 1D
- 0.79%
- 1M
- -5.94%
- YTD
- 18.80%
- 6M
- 18.85%
- 1Y
- 40.41%
- 3Y*
- 30.43%
- 5Y*
- 2.05%
- 10Y*
- 18.95%
JPLG.L vs. SMT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JPLG.L JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating | 12.92% | 10.11% | 12.09% | 7.05% | 0.72% | 24.67% | 2.57% | -0.44% |
SMT.L Scottish Mortgage Investment Trust plc | 18.80% | 24.72% | 18.75% | 12.46% | -45.71% | 10.46% | 110.49% | 4.89% |
Correlation
The correlation between JPLG.L and SMT.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2019 | 0.53 |
The correlation between JPLG.L and SMT.L shifts across timeframes, from 0.34 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JPLG.L vs. SMT.L — Risk / Return Rank
JPLG.L
SMT.L
JPLG.L vs. SMT.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 Scottish Mortgage Investment Trust plc (SMT.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.
| JPLG.L | SMT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.35 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 3.28 | +1.14 |
| Martin ratioReturn relative to average drawdown | 16.52 | 10.24 | +6.28 |
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Drawdowns
JPLG.L vs. SMT.L - Drawdown Comparison
The maximum JPLG.L drawdown since its inception was -27.53%, smaller than the maximum SMT.L drawdown of -60.25%. Use the drawdown chart below to compare losses from any high point for JPLG.L and SMT.L.
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Drawdown Indicators
| JPLG.L | SMT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.53% | -60.25% | +32.72% |
Max Drawdown (1Y)Largest decline over 1 year | -5.59% | -12.26% | +6.67% |
Max Drawdown (3Y)Largest decline over 3 years | -13.65% | -28.05% | +14.40% |
Max Drawdown (5Y)Largest decline over 5 years | -13.65% | -60.11% | +46.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.11% | — |
Current DrawdownCurrent decline from peak | 0.00% | -8.80% | +8.80% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -14.80% | +11.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 3.94% | -2.44% |
Volatility
JPLG.L vs. SMT.L - Volatility Comparison
The current volatility for JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.L) is 2.14%, while Scottish Mortgage Investment Trust plc (SMT.L) has a volatility of 6.83%. This indicates that JPLG.L experiences smaller price fluctuations and is considered to be less risky than SMT.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 | SMT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 6.83% | -4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 5.94% | 16.78% | -10.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.94% | 20.95% | -13.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.91% | 29.76% | -18.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.71% | 28.79% | -15.08% |
JPLG.L vs. SMT.L - Expense Ratio Comparison
JPLG.L has a 0.20% expense ratio, which is lower than SMT.L's 0.31% expense ratio.
Dividends
JPLG.L vs. SMT.L - Dividend Comparison
JPLG.L has not paid dividends to shareholders, while SMT.L's dividend yield for the trailing twelve months is around 0.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPLG.L JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMT.L Scottish Mortgage Investment Trust plc | 0.33% | 0.37% | 0.44% | 0.51% | 0.51% | 0.26% | 0.27% | 0.54% | 0.66% | 0.67% | 0.93% | 1.17% |
Frequently Asked Questions
JPLG.L and SMT.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPLG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPLG.L is cheaper with a 0.20% expense ratio, compared with 0.31% for SMT.L.
They also come from different issuers: JPMorgan and Baillie Gifford Funds. Their fees differ too: 0.20% for JPLG.L and 0.31% for SMT.L.
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