JPTS.L vs. JREU.L
JPTS.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist)) and JREU.L (JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc)) are both exchange-traded funds - JPTS.L is a Dividend fund actively managed by JPMorgan, while JREU.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. JPTS.L is actively managed, while JREU.L is passively managed. Over the past 5 years, JPTS.L returned 4.36%/yr vs 13.33%/yr for JREU.L. At a 0.06 correlation, their price movements are largely independent. JPTS.L charges 0.18%/yr vs 0.20%/yr for JREU.L.
Performance
JPTS.L vs. JREU.L - Performance Comparison
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Different Trading Currencies
JPTS.L is traded in GBP, while JREU.L is traded in USD. To make them comparable, the JREU.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, JPTS.L achieves a 2.16% return, which is significantly lower than JREU.L's 9.12% return.
JPTS.L
- 1D
- -0.08%
- 1M
- 0.51%
- 6M
- 2.02%
- YTD
- 2.16%
- 1Y
- 4.13%
- 3Y*
- 4.33%
- 5Y*
- 4.36%
- 10Y*
- —
JREU.L
- 1D
- -0.81%
- 1M
- -0.75%
- 6M
- 8.90%
- YTD
- 9.12%
- 1Y
- 19.44%
- 3Y*
- 18.22%
- 5Y*
- 13.33%
- 10Y*
- —
JPTS.L vs. JREU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JPTS.L JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) | 2.16% | -2.07% | 7.29% | -0.72% | 13.11% | 1.38% | -1.15% | 0.16% | 3.00% |
JREU.L JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) | 9.12% | 8.02% | 27.31% | 21.94% | -9.26% | 31.81% | 16.10% | 25.58% | -6.34% |
Correlation
The correlation between JPTS.L and JREU.L is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2018 | 0.06 |
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Return for Risk
JPTS.L vs. JREU.L — Risk / Return Rank
JPTS.L
JREU.L
JPTS.L vs. JREU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPTS.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.
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.
| JPTS.L | JREU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.29 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 2.80 | -1.75 |
| Martin ratioReturn relative to average drawdown | 2.70 | 9.64 | -6.95 |
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Drawdowns
JPTS.L vs. JREU.L - Drawdown Comparison
The maximum JPTS.L drawdown since its inception was -30.07%, which is greater than JREU.L's maximum drawdown of -26.72%. Use the drawdown chart below to compare losses from any high point for JPTS.L and JREU.L.
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Drawdown Indicators
| JPTS.L | JREU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.07% | -26.72% | -3.35% |
Max Drawdown (1Y)Largest decline over 1 year | -4.35% | -6.90% | +2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -9.36% | -21.60% | +12.24% |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | -21.60% | +6.28% |
Current DrawdownCurrent decline from peak | -3.83% | -1.49% | -2.34% |
Average DrawdownAverage peak-to-trough decline | -13.94% | -3.67% | -10.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 2.01% | -0.31% |
Volatility
JPTS.L vs. JREU.L - Volatility Comparison
The current volatility for JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPTS.L) is 1.59%, while JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JREU.L) has a volatility of 3.11%. This indicates that JPTS.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
| JPTS.L | JREU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 3.11% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 4.65% | 9.30% | -4.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.36% | 12.23% | -5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.32% | 15.64% | -7.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 17.32% | -4.37% |
JPTS.L vs. JREU.L - Expense Ratio Comparison
JPTS.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
JPTS.L vs. JREU.L - Dividend Comparison
JPTS.L's dividend yield for the trailing twelve months is around 4.10%, while JREU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JPTS.L JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) | 4.10% | 4.38% | 5.19% | 4.55% | 1.16% | 0.66% | 2.03% | 2.76% | 1.74% |
JREU.L JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPTS.L and JREU.L have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPTS.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPTS.L is cheaper with a 0.18% expense ratio, compared with 0.20% for JREU.L.
JPTS.L is categorized as Dividend, while JREU.L is Large Cap Blend Equities. Their fees differ too: 0.18% for JPTS.L and 0.20% for JREU.L.
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