JRUB.L vs. JPGL.L
JRUB.L (JPMorgan ETFs Ireland ICAV - JPM USD IG Corporate Bond Active UCITS ETF - USD (acc)) and JPGL.L (JPM Global Equity Multi-Factor UCITS ETF USD Acc) are both exchange-traded funds - JRUB.L is a Corporate Bonds fund actively managed by JPMorgan, while JPGL.L is a Global Equities fund tracking the MSCI ACWI NR USD. JRUB.L is actively managed, while JPGL.L is passively managed. Over the past 5 years, JRUB.L returned 0.04%/yr vs 9.69%/yr for JPGL.L. At a 0.27 correlation, their price movements are largely independent. Both charge a 0.19% expense ratio.
Performance
JRUB.L vs. JPGL.L - Performance Comparison
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Returns By Period
In the year-to-date period, JRUB.L achieves a -0.11% return, which is significantly lower than JPGL.L's 11.94% return.
JRUB.L
- 1D
- 0.11%
- 1M
- -0.83%
- 6M
- -0.31%
- YTD
- -0.11%
- 1Y
- 4.87%
- 3Y*
- 4.85%
- 5Y*
- 0.04%
- 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*
- —
JRUB.L vs. JPGL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JRUB.L JPMorgan ETFs Ireland ICAV - JPM USD IG Corporate Bond Active UCITS ETF - USD (acc) | -0.11% | 7.75% | 2.40% | 8.23% | -15.55% | -1.77% | 9.19% | 4.42% |
JPGL.L JPM Global Equity Multi-Factor UCITS ETF USD Acc | 11.94% | 18.24% | 10.32% | 13.28% | -10.20% | 23.30% | 6.18% | 6.61% |
Correlation
The correlation between JRUB.L and JPGL.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2019 | 0.27 |
Over the past year, JRUB.L and JPGL.L have become more correlated (0.47) than their long-term average of 0.27, meaning their price movements have been converging.
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Return for Risk
JRUB.L vs. JPGL.L — Risk / Return Rank
JRUB.L
JPGL.L
JRUB.L vs. JPGL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan ETFs Ireland ICAV - JPM USD IG Corporate Bond Active UCITS ETF - USD (acc) (JRUB.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.
| JRUB.L | JPGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.39 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 3.38 | -1.76 |
| Martin ratioReturn relative to average drawdown | 4.75 | 12.44 | -7.70 |
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Drawdowns
JRUB.L vs. JPGL.L - Drawdown Comparison
The maximum JRUB.L drawdown since its inception was -22.30%, smaller than the maximum JPGL.L drawdown of -35.87%. Use the drawdown chart below to compare losses from any high point for JRUB.L and JPGL.L.
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Drawdown Indicators
| JRUB.L | JPGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.30% | -35.87% | +13.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -6.32% | +3.33% |
Max Drawdown (3Y)Largest decline over 3 years | -6.10% | -12.45% | +6.35% |
Max Drawdown (5Y)Largest decline over 5 years | -22.16% | -21.04% | -1.12% |
Current DrawdownCurrent decline from peak | -1.58% | -0.84% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -4.43% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.72% | -0.70% |
Volatility
JRUB.L vs. JPGL.L - Volatility Comparison
The current volatility for JPMorgan ETFs Ireland ICAV - JPM USD IG Corporate Bond Active UCITS ETF - USD (acc) (JRUB.L) is 0.97%, while JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.L) has a volatility of 2.99%. This indicates that JRUB.L experiences smaller price fluctuations and is considered to be less risky 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
| JRUB.L | JPGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 2.99% | -2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | 7.85% | -4.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.47% | 9.98% | -5.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 13.44% | -5.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 16.03% | -8.21% |
JRUB.L vs. JPGL.L - Expense Ratio Comparison
Both JRUB.L and JPGL.L have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
JRUB.L vs. JPGL.L - Dividend Comparison
Neither JRUB.L nor JPGL.L has paid dividends to shareholders.
Frequently Asked Questions
JRUB.L and JPGL.L have a correlation of 0.47, 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 0.19% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JRUB.L and JPGL.L have the same expense ratio: 0.19% per year.
JRUB.L is categorized as Corporate Bonds, while JPGL.L is Global Equities.
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