JRGD.DE vs. JPGL.DE

Last updated Apr 3, 2026

Compare and contrast key facts about JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRGD.DE) and JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE).

JRGD.DE and JPGL.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JRGD.DE is a passively managed fund by JPMorgan that tracks the performance of the JP Morgan Global Research Enhanced Index Equity (ESG). It was launched on Oct 10, 2018. JPGL.DE is a passively managed fund by JPMorgan that tracks the performance of the JP Morgan Diversified Factor Global Developed (Region Aware) Equity. It was launched on Jul 9, 2019. Both JRGD.DE and JPGL.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

JRGD.DE vs. JPGL.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRGD.DE) and JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE). The values are adjusted to include any dividend payments, if applicable.

JRGD.DE vs. JPGL.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JRGD.DE JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	-1.20%	6.67%	25.38%	21.25%	-13.07%	10.88%
JPGL.DE JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating	6.71%	5.18%	16.53%	9.74%	-4.98%	10.02%

Returns By Period

In the year-to-date period, JRGD.DE achieves a -1.20% return, which is significantly lower than JPGL.DE's 6.71% return.

JRGD.DE

• 1D: -0.05%
• 1M: -2.12%
• YTD: -1.20%
• 6M: 2.16%
• 1Y: 11.45%
• 3Y*: 14.61%
• 5Y*: —
• 10Y*: —

JPGL.DE

• 1D: 0.49%
• 1M: -1.07%
• YTD: 6.71%
• 6M: 10.07%
• 1Y: 12.08%
• 3Y*: 12.13%
• 5Y*: 10.03%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JRGD.DE vs. JPGL.DE - Expense Ratio Comparison

JRGD.DE has a 0.25% expense ratio, which is higher than JPGL.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

JRGD.DE

JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)

JPGL.DE

JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating

Return for Risk

JRGD.DE vs. JPGL.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JRGD.DE

JRGD.DE Risk / Return Rank: 53
JRGD.DE Sharpe Ratio Rank: 35
JRGD.DE Sortino Ratio Rank: 33
JRGD.DE Omega Ratio Rank: 37
JRGD.DE Calmar Ratio Rank: 81
JRGD.DE Martin Ratio Rank: 82

JPGL.DE

JPGL.DE Risk / Return Rank: 61
JPGL.DE Sharpe Ratio Rank: 47
JPGL.DE Sortino Ratio Rank: 41
JPGL.DE Omega Ratio Rank: 47
JPGL.DE Calmar Ratio Rank: 86
JPGL.DE Martin Ratio Rank: 84

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.

JRGD.DE vs. JPGL.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRGD.DE) and JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.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.

	JRGD.DE	JPGL.DE	Difference
Sharpe ratio Return per unit of total volatility	0.71	0.93	-0.21
Sortino ratio Return per unit of downside risk	1.04	1.25	-0.21
Omega ratio Gain probability vs. loss probability	1.16	1.19	-0.03
Calmar ratio Return relative to maximum drawdown	2.82	3.00	-0.19
Martin ratio Return relative to average drawdown	10.89	10.98	-0.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JRGD.DE vs. JPGL.DE - Sharpe Ratio Comparison

The current JRGD.DE Sharpe Ratio is 0.71, which is comparable to the JPGL.DE Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of JRGD.DE and JPGL.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JRGD.DE	JPGL.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	0.93	-0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.64	+0.05

Correlation

The correlation between JRGD.DE and JPGL.DE is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

JRGD.DE vs. JPGL.DE - Dividend Comparison

JRGD.DE's dividend yield for the trailing twelve months is around 0.90%, while JPGL.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022
JRGD.DE JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	0.90%	0.89%	0.91%	0.85%	1.44%
JPGL.DE JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

JRGD.DE vs. JPGL.DE - Drawdown Comparison

The maximum JRGD.DE drawdown since its inception was -21.56%, smaller than the maximum JPGL.DE drawdown of -35.55%. Use the drawdown chart below to compare losses from any high point for JRGD.DE and JPGL.DE.

Drawdown Indicators

	JRGD.DE	JPGL.DE	Difference
Max Drawdown Largest peak-to-trough decline	-21.56%	-35.55%	+13.99%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-9.47%	+0.57%
Max Drawdown (5Y) Largest decline over 5 years	—	-17.34%	—
Current Drawdown Current decline from peak	-3.61%	-2.18%	-1.43%
Average Drawdown Average peak-to-trough decline	-4.40%	-4.90%	+0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	1.45%	+0.12%

Volatility

JRGD.DE vs. JPGL.DE - Volatility Comparison

JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRGD.DE) has a higher volatility of 4.12% compared to JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE) at 3.59%. This indicates that JRGD.DE's price experiences larger fluctuations and is considered to be riskier than JPGL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRGD.DE	JPGL.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.12%	3.59%	+0.53%
Volatility (6M) Calculated over the trailing 6-month period	8.14%	6.21%	+1.93%
Volatility (1Y) Calculated over the trailing 1-year period	15.97%	12.99%	+2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.46%	11.92%	+2.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.46%	15.14%	-0.68%