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JREI.L vs. JPGL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JREI.L vs. JPGL.L

Last updated Jul 16, 2026
Documentation

JREI.L (JPMorgan ETFs (Ireland) ICAV- Japan Research Enhanced Index Equity Active UCITS ETF - USD (dist)) and JPGL.L (JPM Global Equity Multi-Factor UCITS ETF USD Acc) are both exchange-traded funds - JREI.L is a Japan Equities fund actively managed by JPMorgan, while JPGL.L is a Global Equities fund tracking the MSCI ACWI NR USD. JREI.L is actively managed, while JPGL.L is passively managed. Over the past 3 years, JREI.L returned 18.23%/yr vs 15.39%/yr for JPGL.L. A 0.65 correlation means they provide meaningful diversification when combined.

Performance

JREI.L vs. JPGL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan ETFs (Ireland) ICAV- Japan Research Enhanced Index Equity Active UCITS ETF - USD (dist) (JREI.L) and JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, JREI.L achieves a 17.97% return, which is significantly higher than JPGL.L's 11.94% return.

JREI.L

1D
1.14%
1M
0.54%
6M
11.38%
YTD
17.97%
1Y
36.72%
3Y*
18.23%
5Y*
—
10Y*
—

JPGL.L

1D
-0.15%
1M
0.02%
6M
9.52%
YTD
11.94%
1Y
21.47%
3Y*
15.39%
5Y*
9.69%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

JREI.L vs. JPGL.L - Yearly Performance Comparison

2026 (YTD)2025202420232022
JREI.L
JPMorgan ETFs (Ireland) ICAV- Japan Research Enhanced Index Equity Active UCITS ETF - USD (dist)		17.97%24.16%7.95%20.04%-10.89%
JPGL.L
JPM Global Equity Multi-Factor UCITS ETF USD Acc		11.94%18.24%10.32%13.28%-8.15%

Correlation

The correlation between JREI.L and JPGL.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

0.62

Correlation (All Time)
Calculated using the full available price history since Mar 29, 2022

0.65

The correlation between JREI.L and JPGL.L has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

JPMorgan ETFs (Ireland) ICAV- Japan Research Enhanced Index Equity Active UCITS ETF - USD (dist)

JPM Global Equity Multi-Factor UCITS ETF USD Acc

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Return for Risk

JREI.L vs. JPGL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JREI.L
JREI.L Risk / Return Rank: 6565
Overall Rank
JREI.L Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
JREI.L Sortino Ratio Rank: 6464
Sortino Ratio Rank
JREI.L Omega Ratio Rank: 6262
Omega Ratio Rank
JREI.L Calmar Ratio Rank: 7171
Calmar Ratio Rank
JREI.L Martin Ratio Rank: 6565
Martin Ratio Rank
JPGL.L
JPGL.L Risk / Return Rank: 8383
Overall Rank
JPGL.L Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
JPGL.L Sortino Ratio Rank: 8888
Sortino Ratio Rank
JPGL.L Omega Ratio Rank: 8383
Omega Ratio Rank
JPGL.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
JPGL.L Martin Ratio Rank: 8181
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JREI.L vs. JPGL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan ETFs (Ireland) ICAV- Japan Research Enhanced Index Equity Active UCITS ETF - USD (dist) (JREI.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.

JREI.LJPGL.LDifference
Sharpe ratioReturn per unit of total volatility
1.65
2.15

-0.50

Sortino ratioReturn per unit of downside risk
2.37
3.20

-0.83

Omega ratioGain probability vs. loss probability

1.30

1.39

-0.08

Calmar ratioReturn relative to maximum drawdown

2.89

3.38

-0.49

Martin ratioReturn relative to average drawdown

9.37

12.44

-3.07

JREI.L vs. JPGL.L - Sharpe Ratio Comparison

The current JREI.L Sharpe Ratio is 1.65, which is comparable to the JPGL.L Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of JREI.L and JPGL.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

JREI.L vs. JPGL.L - Drawdown Comparison

The maximum JREI.L drawdown since its inception was -21.64%, smaller than the maximum JPGL.L drawdown of -35.87%. Use the drawdown chart below to compare losses from any high point for JREI.L and JPGL.L.

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Drawdown Indicators

JREI.LJPGL.LDifference

Max Drawdown

Largest peak-to-trough decline

-21.64%

-35.87%

+14.23%

Max Drawdown (1Y)

Largest decline over 1 year

-12.26%

-6.32%

-5.94%

Max Drawdown (3Y)

Largest decline over 3 years

-14.85%

-12.45%

-2.40%

Max Drawdown (5Y)

Largest decline over 5 years

—

-21.04%

—

Current Drawdown

Current decline from peak

-2.92%

-0.84%

-2.08%

Average Drawdown

Average peak-to-trough decline

-5.13%

-4.43%

-0.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.79%

1.72%

+2.07%

Volatility

JREI.L vs. JPGL.L - Volatility Comparison

JPMorgan ETFs (Ireland) ICAV- Japan Research Enhanced Index Equity Active UCITS ETF - USD (dist) (JREI.L) has a higher volatility of 7.02% compared to JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.L) at 2.99%. This indicates that JREI.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

JREI.LJPGL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.02%

2.99%

+4.03%

Volatility (6M)

Calculated over the trailing 6-month period

17.95%

7.85%

+10.10%

Volatility (1Y)

Calculated over the trailing 1-year period

21.52%

9.98%

+11.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.56%

13.44%

+5.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.56%

16.03%

+2.53%

Dividends

JREI.L vs. JPGL.L - Dividend Comparison

JREI.L's dividend yield for the trailing twelve months is around 1.46%, while JPGL.L has not paid dividends to shareholders.

PositionTTM2025202420232022
JPGL.L
JPM Global Equity Multi-Factor UCITS ETF USD Acc		0.00%0.00%0.00%0.00%0.00%
JREI.L
JPMorgan ETFs (Ireland) ICAV- Japan Research Enhanced Index Equity Active UCITS ETF - USD (dist)		1.46%1.76%1.58%1.66%2.01%

Frequently Asked Questions

JREI.L and JPGL.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.

JREI.L is categorized as Japan Equities, while JPGL.L is Global Equities.

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