JREG.L vs. JMBP.L
JREG.L (JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)) and JMBP.L (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist)) are both exchange-traded funds - JREG.L is a Global Equities fund tracking the MSCI ACWI NR USD, while JMBP.L is a Emerging Markets Bonds fund tracking the JP Morgan Emerging Markets Risk-Aware Bond (GBP Hedged). Both are passively managed. Over the past 5 years, JREG.L returned 12.10%/yr vs -0.29%/yr for JMBP.L. A 0.54 correlation means they provide meaningful diversification when combined. JREG.L charges 0.25%/yr vs 0.39%/yr for JMBP.L.
Performance
JREG.L vs. JMBP.L - Performance Comparison
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Different Trading Currencies
JREG.L is traded in USD, while JMBP.L is traded in GBP. To make them comparable, the JMBP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, JREG.L achieves a 9.43% return, which is significantly higher than JMBP.L's 1.37% return.
JREG.L
- 1D
- 0.14%
- 1M
- 3.59%
- YTD
- 9.43%
- 6M
- 10.68%
- 1Y
- 25.25%
- 3Y*
- 20.19%
- 5Y*
- 12.10%
- 10Y*
- —
JMBP.L
- 1D
- 0.29%
- 1M
- 0.14%
- YTD
- 1.37%
- 6M
- 2.74%
- 1Y
- 9.76%
- 3Y*
- 10.31%
- 5Y*
- -0.29%
- 10Y*
- —
JREG.L vs. JMBP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JREG.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) | 9.43% | 19.75% | 18.68% | 25.69% | -17.71% | 24.33% | 17.21% | 2.61% |
JMBP.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) | 1.37% | 21.65% | -0.09% | 14.09% | -26.38% | -3.74% | 6.84% | 3.15% |
Correlation
The correlation between JREG.L and JMBP.L is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2019 | 0.54 |
The correlation between JREG.L and JMBP.L has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.
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Return for Risk
JREG.L vs. JMBP.L — Risk / Return Rank
JREG.L
JMBP.L
JREG.L vs. JMBP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.L) and JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.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.
| JREG.L | JMBP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.18 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 1.26 | +1.72 |
| Martin ratioReturn relative to average drawdown | 12.75 | 4.12 | +8.63 |
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
| JREG.L | JMBP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 0.99 | +1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | -0.02 | +0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.09 | +0.74 |
Drawdowns
JREG.L vs. JMBP.L - Drawdown Comparison
The maximum JREG.L drawdown since its inception was -33.82%, smaller than the maximum JMBP.L drawdown of -42.43%. Use the drawdown chart below to compare losses from any high point for JREG.L and JMBP.L.
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Drawdown Indicators
| JREG.L | JMBP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.82% | -42.43% | +8.61% |
Max Drawdown (1Y)Largest decline over 1 year | -8.43% | -7.69% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -16.74% | -13.74% | -3.00% |
Max Drawdown (5Y)Largest decline over 5 years | -25.33% | -42.43% | +17.10% |
Current DrawdownCurrent decline from peak | -0.54% | -2.10% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -14.97% | +10.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.37% | -0.39% |
Volatility
JREG.L vs. JMBP.L - Volatility Comparison
JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.L) and JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.L) have volatilities of 3.20% and 3.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JREG.L | JMBP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 3.16% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.10% | 7.50% | +1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.88% | 9.85% | +2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.51% | 14.21% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 16.24% | +0.81% |
JREG.L vs. JMBP.L - Expense Ratio Comparison
JREG.L has a 0.25% expense ratio, which is lower than JMBP.L's 0.39% expense ratio.
Dividends
JREG.L vs. JMBP.L - Dividend Comparison
JREG.L has not paid dividends to shareholders, while JMBP.L's dividend yield for the trailing twelve months is around 5.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JMBP.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) | 5.75% | 5.61% | 5.83% | 5.24% | 5.16% | 3.70% | 4.42% |
JREG.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JREG.L and JMBP.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JREG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREG.L is cheaper with a 0.25% expense ratio, compared with 0.39% for JMBP.L.
JREG.L is categorized as Global Equities, while JMBP.L is Emerging Markets Bonds. JREG.L tracks MSCI ACWI NR USD, while JMBP.L tracks JP Morgan Emerging Markets Risk-Aware Bond (GBP Hedged). Their fees differ too: 0.25% for JREG.L and 0.39% for JMBP.L.
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