JRUD.L vs. HKOD.L
JRUD.L (JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF - USD (dist)) and HKOD.L (HSBC MSCI KOREA CAPPED UCITS ETF) are both Global Equities funds. JRUD.L is actively managed, while HKOD.L is passively managed. Over the past 5 years, JRUD.L returned 13.07%/yr vs 14.71%/yr for HKOD.L. A 0.54 correlation means they provide meaningful diversification when combined. JRUD.L charges 0.20%/yr vs 0.50%/yr for HKOD.L.
Performance
JRUD.L vs. HKOD.L - Performance Comparison
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Returns By Period
In the year-to-date period, JRUD.L achieves a 9.80% return, which is significantly lower than HKOD.L's 70.37% return.
JRUD.L
- 1D
- 0.14%
- 1M
- 0.26%
- 6M
- 9.85%
- YTD
- 9.80%
- 1Y
- 20.83%
- 3Y*
- 19.58%
- 5Y*
- 13.07%
- 10Y*
- —
HKOD.L
- 1D
- -1.67%
- 1M
- -20.60%
- 6M
- 52.67%
- YTD
- 70.37%
- 1Y
- 138.83%
- 3Y*
- 37.85%
- 5Y*
- 14.71%
- 10Y*
- 14.34%
JRUD.L vs. HKOD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JRUD.L JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF - USD (dist) | 9.80% | 16.18% | 25.22% | 28.37% | -19.11% | 30.16% | 19.94% | 1.36% |
HKOD.L HSBC MSCI KOREA CAPPED UCITS ETF | 70.37% | 99.54% | -22.90% | 19.95% | -28.44% | -8.49% | 45.08% | 4.56% |
Correlation
The correlation between JRUD.L and HKOD.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2019 | 0.54 |
The correlation between JRUD.L and HKOD.L has been stable across timeframes, ranging from 0.54 to 0.57 - a consistent structural relationship.
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Return for Risk
JRUD.L vs. HKOD.L — Risk / Return Rank
JRUD.L
HKOD.L
JRUD.L vs. HKOD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF - USD (dist) (JRUD.L) and HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.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.
| JRUD.L | HKOD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.45 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 5.77 | -3.21 |
| Martin ratioReturn relative to average drawdown | 10.68 | 17.93 | -7.24 |
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Drawdowns
JRUD.L vs. HKOD.L - Drawdown Comparison
The maximum JRUD.L drawdown since its inception was -34.49%, smaller than the maximum HKOD.L drawdown of -50.54%. Use the drawdown chart below to compare losses from any high point for JRUD.L and HKOD.L.
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Drawdown Indicators
| JRUD.L | HKOD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.49% | -50.54% | +16.05% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -24.00% | +15.62% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | -29.48% | +10.63% |
Max Drawdown (5Y)Largest decline over 5 years | -24.11% | -47.65% | +23.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.54% | — |
Current DrawdownCurrent decline from peak | -0.40% | -24.00% | +23.60% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -18.79% | +13.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 7.75% | -5.73% |
Volatility
JRUD.L vs. HKOD.L - Volatility Comparison
The current volatility for JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF - USD (dist) (JRUD.L) is 2.96%, while HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.L) has a volatility of 20.20%. This indicates that JRUD.L experiences smaller price fluctuations and is considered to be less risky than HKOD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JRUD.L | HKOD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 20.20% | -17.24% |
Volatility (6M)Calculated over the trailing 6-month period | 9.18% | 41.23% | -32.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.90% | 45.10% | -33.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 29.74% | -13.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.84% | 26.96% | -7.12% |
JRUD.L vs. HKOD.L - Expense Ratio Comparison
JRUD.L has a 0.20% expense ratio, which is lower than HKOD.L's 0.50% expense ratio.
Dividends
JRUD.L vs. HKOD.L - Dividend Comparison
JRUD.L's dividend yield for the trailing twelve months is around 0.67%, more than HKOD.L's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HKOD.L HSBC MSCI KOREA CAPPED UCITS ETF | 0.43% | 0.68% | 1.54% | 1.08% | 0.72% | 0.61% | 0.02% | 0.29% | 0.56% | 0.10% |
JRUD.L JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF - USD (dist) | 0.67% | 0.52% | 0.50% | 0.83% | 1.08% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JRUD.L and HKOD.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JRUD.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JRUD.L is cheaper with a 0.20% expense ratio, compared with 0.50% for HKOD.L.
They also come from different issuers: JPMorgan and HSBC. Their fees differ too: 0.20% for JRUD.L and 0.50% for HKOD.L.
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