JREM.L vs. JPGL.L
JREM.L (JPMorgan Global Emerging Markets 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 - JREM.L is a Emerging Markets Equities fund actively managed by JPMorgan, while JPGL.L is a Global Equities fund tracking the MSCI ACWI NR USD. JREM.L is actively managed, while JPGL.L is passively managed. Over the past 5 years, JREM.L returned 6.29%/yr vs 9.10%/yr for JPGL.L. A 0.66 correlation means they provide meaningful diversification when combined. JREM.L charges 0.30%/yr vs 0.19%/yr for JPGL.L.
Performance
JREM.L vs. JPGL.L - Performance Comparison
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Returns By Period
In the year-to-date period, JREM.L achieves a 23.23% return, which is significantly higher than JPGL.L's 9.79% return.
JREM.L
- 1D
- -4.56%
- 1M
- -1.80%
- YTD
- 23.23%
- 6M
- 25.25%
- 1Y
- 48.04%
- 3Y*
- 22.42%
- 5Y*
- 6.29%
- 10Y*
- —
JPGL.L
- 1D
- -0.61%
- 1M
- 0.68%
- YTD
- 9.79%
- 6M
- 11.12%
- 1Y
- 21.34%
- 3Y*
- 16.46%
- 5Y*
- 9.10%
- 10Y*
- —
JREM.L vs. JPGL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JREM.L JPMorgan Global Emerging Markets Research Enhanced Index Equity Active UCITS ETF USD (acc) | 23.23% | 34.67% | 6.61% | 8.00% | -21.37% | -2.64% | 20.39% | 8.95% |
JPGL.L JPM Global Equity Multi-Factor UCITS ETF USD Acc | 9.79% | 18.24% | 10.32% | 13.28% | -10.20% | 23.30% | 6.18% | 6.61% |
Correlation
The correlation between JREM.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 | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2019 | 0.66 |
The correlation between JREM.L and JPGL.L has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.
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Return for Risk
JREM.L vs. JPGL.L — Risk / Return Rank
JREM.L
JPGL.L
JREM.L vs. JPGL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Emerging Markets Research Enhanced Index Equity Active UCITS ETF USD (acc) (JREM.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.
| JREM.L | JPGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.39 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 3.36 | +0.46 |
| Martin ratioReturn relative to average drawdown | 13.66 | 12.44 | +1.22 |
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
| JREM.L | JPGL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 2.19 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.68 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.67 | -0.19 |
Drawdowns
JREM.L vs. JPGL.L - Drawdown Comparison
The maximum JREM.L drawdown since its inception was -41.84%, which is greater than JPGL.L's maximum drawdown of -35.87%. Use the drawdown chart below to compare losses from any high point for JREM.L and JPGL.L.
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Drawdown Indicators
| JREM.L | JPGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.84% | -35.87% | -5.97% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -6.32% | -6.18% |
Max Drawdown (3Y)Largest decline over 3 years | -16.51% | -12.45% | -4.06% |
Max Drawdown (5Y)Largest decline over 5 years | -38.66% | -21.04% | -17.62% |
Current DrawdownCurrent decline from peak | -7.07% | -0.61% | -6.46% |
Average DrawdownAverage peak-to-trough decline | -15.34% | -4.49% | -10.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 1.71% | +1.80% |
Volatility
JREM.L vs. JPGL.L - Volatility Comparison
JPMorgan Global Emerging Markets Research Enhanced Index Equity Active UCITS ETF USD (acc) (JREM.L) has a higher volatility of 9.75% compared to JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.L) at 2.62%. This indicates that JREM.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
| JREM.L | JPGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.75% | 2.62% | +7.13% |
Volatility (6M)Calculated over the trailing 6-month period | 18.10% | 7.34% | +10.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.64% | 9.71% | +10.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.15% | 13.44% | +5.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.55% | 16.11% | +4.44% |
JREM.L vs. JPGL.L - Expense Ratio Comparison
JREM.L has a 0.30% expense ratio, which is higher than JPGL.L's 0.19% expense ratio.
Dividends
JREM.L vs. JPGL.L - Dividend Comparison
Neither JREM.L nor JPGL.L has paid dividends to shareholders.
Frequently Asked Questions
JREM.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 JREM.L.
JREM.L is categorized as Emerging Markets Equities, while JPGL.L is Global Equities. Their fees differ too: 0.30% for JREM.L and 0.19% for JPGL.L.
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