JREG.L vs. JUKC.L
JREG.L (JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)) and JUKC.L (JPMorgan UK Equity Core UCITS ETF GBP (acc)) are both exchange-traded funds - JREG.L is a Global Equities fund tracking the MSCI ACWI NR USD, while JUKC.L is a Europe Equities fund tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past 3 years, JREG.L returned 20.19%/yr vs 17.94%/yr for JUKC.L. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
JREG.L vs. JUKC.L - Performance Comparison
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Different Trading Currencies
JREG.L is traded in USD, while JUKC.L is traded in GBp. To make them comparable, the JUKC.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 JUKC.L's 6.21% 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*
- —
JUKC.L
- 1D
- 0.39%
- 1M
- 1.31%
- YTD
- 6.21%
- 6M
- 9.16%
- 1Y
- 19.71%
- 3Y*
- 17.94%
- 5Y*
- —
- 10Y*
- —
JREG.L vs. JUKC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JREG.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) | 9.43% | 19.75% | 18.68% | 25.69% | 3.72% |
JUKC.L JPMorgan UK Equity Core UCITS ETF GBP (acc) | 6.21% | 34.38% | 7.89% | 13.22% | 4.11% |
Correlation
The correlation between JREG.L and JUKC.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022 | 0.68 |
The correlation between JREG.L and JUKC.L has been stable across timeframes, ranging from 0.65 to 0.68 - a consistent structural relationship.
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Return for Risk
JREG.L vs. JUKC.L — Risk / Return Rank
JREG.L
JUKC.L
JREG.L vs. JUKC.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 UK Equity Core UCITS ETF GBP (acc) (JUKC.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 | JUKC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.26 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 2.01 | +0.97 |
| Martin ratioReturn relative to average drawdown | 12.75 | 7.01 | +5.74 |
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 | JUKC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 1.45 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 1.02 | -0.19 |
Drawdowns
JREG.L vs. JUKC.L - Drawdown Comparison
The maximum JREG.L drawdown since its inception was -33.82%, which is greater than JUKC.L's maximum drawdown of -18.54%. Use the drawdown chart below to compare losses from any high point for JREG.L and JUKC.L.
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Drawdown Indicators
| JREG.L | JUKC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.82% | -18.54% | -15.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.43% | -9.77% | +1.34% |
Max Drawdown (3Y)Largest decline over 3 years | -16.74% | -13.37% | -3.37% |
Max Drawdown (5Y)Largest decline over 5 years | -25.33% | — | — |
Current DrawdownCurrent decline from peak | -0.54% | -3.78% | +3.24% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -2.92% | -1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.80% | -0.82% |
Volatility
JREG.L vs. JUKC.L - Volatility Comparison
The current volatility for JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.L) is 3.20%, while JPMorgan UK Equity Core UCITS ETF GBP (acc) (JUKC.L) has a volatility of 4.94%. This indicates that JREG.L experiences smaller price fluctuations and is considered to be less risky than JUKC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JREG.L | JUKC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 4.94% | -1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.10% | 11.30% | -2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.88% | 13.51% | -1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.51% | 15.91% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 15.91% | +1.14% |
JREG.L vs. JUKC.L - Expense Ratio Comparison
Both JREG.L and JUKC.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
JREG.L vs. JUKC.L - Dividend Comparison
Neither JREG.L nor JUKC.L has paid dividends to shareholders.
Frequently Asked Questions
JREG.L and JUKC.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JREG.L and JUKC.L have the same expense ratio: 0.25% per year.
JREG.L is categorized as Global Equities, while JUKC.L is Europe Equities. JREG.L tracks MSCI ACWI NR USD, while JUKC.L tracks FTSE AllSh TR GBP.
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