JPSA.L vs. JREU.L
JPSA.L (JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc) and JREU.L (JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc)) are both exchange-traded funds - JPSA.L is a Ultrashort Bond fund actively managed by JPMorgan, while JREU.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. JPSA.L is actively managed, while JREU.L is passively managed. Over the past 5 years, JPSA.L returned 3.59%/yr vs 13.65%/yr for JREU.L. At a 0.08 correlation, their price movements are largely independent. JPSA.L charges 0.18%/yr vs 0.20%/yr for JREU.L.
Performance
JPSA.L vs. JREU.L - Performance Comparison
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Returns By Period
In the year-to-date period, JPSA.L achieves a 1.40% return, which is significantly lower than JREU.L's 9.52% return.
JPSA.L
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.40%
- 6M
- 1.70%
- 1Y
- 4.42%
- 3Y*
- 5.13%
- 5Y*
- 3.59%
- 10Y*
- —
JREU.L
- 1D
- -0.04%
- 1M
- 3.83%
- YTD
- 9.52%
- 6M
- 10.51%
- 1Y
- 26.70%
- 3Y*
- 21.59%
- 5Y*
- 13.65%
- 10Y*
- —
JPSA.L vs. JREU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JPSA.L JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc | 1.40% | 5.07% | 5.55% | 5.05% | 1.05% | 0.08% | 2.32% | 2.33% |
JREU.L JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) | 9.52% | 16.30% | 25.12% | 28.35% | -18.91% | 30.58% | 19.61% | 13.49% |
Correlation
The correlation between JPSA.L and JREU.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2019 | 0.08 |
The correlation between JPSA.L and JREU.L shifts across timeframes, from 0.08 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JPSA.L vs. JREU.L — Risk / Return Rank
JPSA.L
JREU.L
JPSA.L vs. JREU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc (JPSA.L) and JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JREU.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.
| JPSA.L | JREU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.16 | ||
| Sortino ratioReturn per unit of downside risk | +9.23 | ||
| Omega ratioGain probability vs. loss probability | 2.77 | 1.42 | +1.35 |
| Calmar ratioReturn relative to maximum drawdown | 21.05 | 3.17 | +17.89 |
| Martin ratioReturn relative to average drawdown | 105.71 | 14.09 | +91.62 |
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
| JPSA.L | JREU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.47 | 2.31 | +4.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 5.69 | 0.85 | +4.84 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.98 | 0.89 | +3.09 |
Drawdowns
JPSA.L vs. JREU.L - Drawdown Comparison
The maximum JPSA.L drawdown since its inception was -2.92%, smaller than the maximum JREU.L drawdown of -34.56%. Use the drawdown chart below to compare losses from any high point for JPSA.L and JREU.L.
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Drawdown Indicators
| JPSA.L | JREU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.92% | -34.56% | +31.64% |
Max Drawdown (1Y)Largest decline over 1 year | -0.21% | -8.40% | +8.19% |
Max Drawdown (3Y)Largest decline over 3 years | -0.39% | -18.61% | +18.22% |
Max Drawdown (5Y)Largest decline over 5 years | -0.86% | -24.31% | +23.45% |
Current DrawdownCurrent decline from peak | 0.00% | -0.59% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -0.11% | -4.99% | +4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 1.89% | -1.85% |
Volatility
JPSA.L vs. JREU.L - Volatility Comparison
The current volatility for JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc (JPSA.L) is 0.22%, while JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JREU.L) has a volatility of 3.08%. This indicates that JPSA.L experiences smaller price fluctuations and is considered to be less risky than JREU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPSA.L | JREU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 3.08% | -2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 0.50% | 8.48% | -7.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.68% | 11.52% | -10.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.63% | 16.03% | -15.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.80% | 17.85% | -17.05% |
JPSA.L vs. JREU.L - Expense Ratio Comparison
JPSA.L has a 0.18% expense ratio, which is lower than JREU.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
JPSA.L vs. JREU.L - Dividend Comparison
Neither JPSA.L nor JREU.L has paid dividends to shareholders.
Frequently Asked Questions
JPSA.L and JREU.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPSA.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPSA.L is cheaper with a 0.18% expense ratio, compared with 0.20% for JREU.L.
JPSA.L is categorized as Ultrashort Bond, while JREU.L is Large Cap Blend Equities. Their fees differ too: 0.18% for JPSA.L and 0.20% for JREU.L.
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