JREA.L vs. JPGL.L
JREA.L (JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF USD (Acc)) and JPGL.L (JPM Global Equity Multi-Factor UCITS ETF USD Acc) are both exchange-traded funds - JREA.L is a Asia Pacific Equities fund actively managed by JPMorgan, while JPGL.L is a Global Equities fund tracking the MSCI ACWI NR USD. JREA.L is actively managed, while JPGL.L is passively managed. Over the past 3 years, JREA.L returned 18.83%/yr vs 15.44%/yr for JPGL.L. A 0.61 correlation means they provide meaningful diversification when combined. JREA.L charges 0.30%/yr vs 0.19%/yr for JPGL.L.
Performance
JREA.L vs. JPGL.L - Performance Comparison
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Returns By Period
In the year-to-date period, JREA.L achieves a 19.52% return, which is significantly higher than JPGL.L's 12.52% return.
JREA.L
- 1D
- -1.96%
- 1M
- -8.72%
- 6M
- 14.54%
- YTD
- 19.52%
- 1Y
- 33.69%
- 3Y*
- 18.83%
- 5Y*
- —
- 10Y*
- —
JPGL.L
- 1D
- 0.23%
- 1M
- 0.56%
- 6M
- 10.11%
- YTD
- 12.52%
- 1Y
- 22.07%
- 3Y*
- 15.44%
- 5Y*
- 9.80%
- 10Y*
- —
JREA.L vs. JPGL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JREA.L JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF USD (Acc) | 19.52% | 29.63% | 8.81% | 4.45% | -11.27% |
JPGL.L JPM Global Equity Multi-Factor UCITS ETF USD Acc | 12.52% | 18.24% | 10.32% | 13.28% | -8.19% |
Correlation
The correlation between JREA.L and JPGL.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2022 | 0.62 |
The correlation between JREA.L and JPGL.L has been stable across timeframes, ranging from 0.59 to 0.61 - a consistent structural relationship.
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Return for Risk
JREA.L vs. JPGL.L — Risk / Return Rank
JREA.L
JPGL.L
JREA.L vs. JPGL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF USD (Acc) (JREA.L) and JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.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.
| JREA.L | JPGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.40 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 3.48 | -0.63 |
| Martin ratioReturn relative to average drawdown | 8.70 | 12.79 | -4.09 |
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Drawdowns
JREA.L vs. JPGL.L - Drawdown Comparison
The maximum JREA.L drawdown since its inception was -28.16%, smaller than the maximum JPGL.L drawdown of -35.87%. Use the drawdown chart below to compare losses from any high point for JREA.L and JPGL.L.
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Drawdown Indicators
| JREA.L | JPGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.16% | -35.87% | +7.71% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -6.32% | -5.45% |
Max Drawdown (3Y)Largest decline over 3 years | -18.58% | -12.45% | -6.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.04% | — |
Current DrawdownCurrent decline from peak | -10.61% | -0.33% | -10.28% |
Average DrawdownAverage peak-to-trough decline | -8.39% | -4.43% | -3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 1.72% | +2.14% |
Volatility
JREA.L vs. JPGL.L - Volatility Comparison
JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF USD (Acc) (JREA.L) has a higher volatility of 8.95% compared to JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.L) at 2.75%. This indicates that JREA.L's price experiences larger fluctuations and is considered to be riskier than JPGL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JREA.L | JPGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.95% | 2.75% | +6.20% |
Volatility (6M)Calculated over the trailing 6-month period | 19.13% | 7.79% | +11.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.30% | 9.93% | +11.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.60% | 13.44% | +6.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 16.02% | +3.58% |
JREA.L vs. JPGL.L - Expense Ratio Comparison
JREA.L has a 0.30% expense ratio, which is higher than JPGL.L's 0.19% expense ratio.
Dividends
JREA.L vs. JPGL.L - Dividend Comparison
Neither JREA.L nor JPGL.L has paid dividends to shareholders.
Frequently Asked Questions
JREA.L and JPGL.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPGL.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPGL.L is cheaper with a 0.19% expense ratio, compared with 0.30% for JREA.L.
JREA.L is categorized as Asia Pacific Equities, while JPGL.L is Global Equities. Their fees differ too: 0.30% for JREA.L and 0.19% for JPGL.L.
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