JREU.L vs. UBUT.DE
JREU.L (JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc)) and UBUT.DE (UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis) are both Large Cap Blend Equities funds - JREU.L tracks the Russell 1000 TR USD while UBUT.DE tracks the MSCI USA Quality. Both are passively managed. Over the past 5 years, JREU.L returned 13.65%/yr vs 13.48%/yr for UBUT.DE. Their correlation of 0.88 suggests significant overlap in exposure. JREU.L charges 0.20%/yr vs 0.25%/yr for UBUT.DE.
Performance
JREU.L vs. UBUT.DE - Performance Comparison
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Different Trading Currencies
JREU.L is traded in USD, while UBUT.DE is traded in EUR. To make them comparable, the UBUT.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with JREU.L having a 9.52% return and UBUT.DE slightly higher at 9.85%.
JREU.L
- 1D
- -0.04%
- 1M
- 3.83%
- YTD
- 9.52%
- 6M
- 10.51%
- 1Y
- 26.70%
- 3Y*
- 21.59%
- 5Y*
- 13.65%
- 10Y*
- —
UBUT.DE
- 1D
- 0.60%
- 1M
- 5.72%
- YTD
- 9.85%
- 6M
- 11.53%
- 1Y
- 28.58%
- 3Y*
- 21.40%
- 5Y*
- 13.48%
- 10Y*
- 16.23%
JREU.L vs. UBUT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JREU.L JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) | 9.52% | 16.30% | 25.12% | 28.35% | -18.91% | 30.58% | 19.61% | 30.54% | -9.83% |
UBUT.DE UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis | 9.85% | 18.41% | 20.84% | 35.60% | -23.88% | 28.51% | 21.24% | 38.34% | -9.02% |
Correlation
The correlation between JREU.L and UBUT.DE is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.88 |
The correlation between JREU.L and UBUT.DE has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.
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Return for Risk
JREU.L vs. UBUT.DE — Risk / Return Rank
JREU.L
UBUT.DE
JREU.L vs. UBUT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JREU.L) and UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UBUT.DE). 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.
| JREU.L | UBUT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 2.48 | +0.69 |
| Martin ratioReturn relative to average drawdown | 14.09 | 10.07 | +4.02 |
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
| JREU.L | UBUT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 2.11 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.76 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.93 | -0.04 |
Drawdowns
JREU.L vs. UBUT.DE - Drawdown Comparison
The maximum JREU.L drawdown since its inception was -34.56%, which is greater than UBUT.DE's maximum drawdown of -30.97%. Use the drawdown chart below to compare losses from any high point for JREU.L and UBUT.DE.
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Drawdown Indicators
| JREU.L | UBUT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.56% | -30.97% | -3.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -11.47% | +3.07% |
Max Drawdown (3Y)Largest decline over 3 years | -18.61% | -21.78% | +3.17% |
Max Drawdown (5Y)Largest decline over 5 years | -24.31% | -30.29% | +5.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.97% | — |
Current DrawdownCurrent decline from peak | -0.59% | -0.15% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -5.05% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.83% | -0.94% |
Volatility
JREU.L vs. UBUT.DE - Volatility Comparison
The current volatility for JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JREU.L) is 3.08%, while UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UBUT.DE) has a volatility of 3.54%. This indicates that JREU.L experiences smaller price fluctuations and is considered to be less risky than UBUT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JREU.L | UBUT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 3.54% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 8.48% | 9.93% | -1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 13.48% | -1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 17.49% | -1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.85% | 17.18% | +0.67% |
JREU.L vs. UBUT.DE - Expense Ratio Comparison
JREU.L has a 0.20% expense ratio, which is lower than UBUT.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
JREU.L vs. UBUT.DE - Dividend Comparison
JREU.L has not paid dividends to shareholders, while UBUT.DE's dividend yield for the trailing twelve months is around 0.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
JREU.L JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UBUT.DE UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis | 0.35% | 0.42% | 0.60% | 0.78% | 0.78% | 0.62% | 0.88% | 0.66% | 1.07% | 0.85% | 0.96% |
Frequently Asked Questions
JREU.L and UBUT.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JREU.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREU.L is cheaper with a 0.20% expense ratio, compared with 0.25% for UBUT.DE.
JREU.L tracks Russell 1000 TR USD, while UBUT.DE tracks MSCI USA Quality. They also come from different issuers: JPMorgan and UBS. Their fees differ too: 0.20% for JREU.L and 0.25% for UBUT.DE.
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