JRUD.L vs. JREG.L
JRUD.L (JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF - USD (dist)) and JREG.L (JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)) are both Global Equities funds from JPMorgan. JRUD.L is actively managed, while JREG.L is passively managed. Over the past 5 years, JRUD.L returned 13.07%/yr vs 11.92%/yr for JREG.L. Their correlation of 0.84 suggests significant overlap in exposure. JRUD.L charges 0.20%/yr vs 0.25%/yr for JREG.L.
Performance
JRUD.L vs. JREG.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with JRUD.L having a 9.80% return and JREG.L slightly higher at 10.25%.
JRUD.L
- 1D
- 0.14%
- 1M
- 0.26%
- 6M
- 9.85%
- YTD
- 9.80%
- 1Y
- 20.83%
- 3Y*
- 19.58%
- 5Y*
- 13.07%
- 10Y*
- —
JREG.L
- 1D
- 0.21%
- 1M
- 0.65%
- 6M
- 9.38%
- YTD
- 10.25%
- 1Y
- 21.72%
- 3Y*
- 18.51%
- 5Y*
- 11.92%
- 10Y*
- —
JRUD.L vs. JREG.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% |
JREG.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) | 10.25% | 19.75% | 18.69% | 25.69% | -17.71% | 24.33% | 17.21% | 1.66% |
Correlation
The correlation between JRUD.L and JREG.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2019 | 0.84 |
The correlation between JRUD.L and JREG.L shifts across timeframes, from 0.84 (all time) to 0.96 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JRUD.L vs. JREG.L — Risk / Return Rank
JRUD.L
JREG.L
JRUD.L vs. JREG.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 JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.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 | JREG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.32 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.56 | 0.00 |
| Martin ratioReturn relative to average drawdown | 10.68 | 10.61 | +0.07 |
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Drawdowns
JRUD.L vs. JREG.L - Drawdown Comparison
The maximum JRUD.L drawdown since its inception was -34.49%, roughly equal to the maximum JREG.L drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for JRUD.L and JREG.L.
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Drawdown Indicators
| JRUD.L | JREG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.49% | -33.82% | -0.67% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -8.43% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | -16.74% | -2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -24.11% | -25.33% | +1.22% |
Current DrawdownCurrent decline from peak | -0.40% | 0.00% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -4.76% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.04% | -0.02% |
Volatility
JRUD.L vs. JREG.L - Volatility Comparison
JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF - USD (dist) (JRUD.L) has a higher volatility of 2.96% compared to JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.L) at 2.59%. This indicates that JRUD.L's price experiences larger fluctuations and is considered to be riskier than JREG.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 | JREG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 2.59% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.18% | 9.67% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.90% | 12.13% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 15.54% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.84% | 16.95% | +2.89% |
JRUD.L vs. JREG.L - Expense Ratio Comparison
JRUD.L has a 0.20% expense ratio, which is lower than JREG.L'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
JRUD.L vs. JREG.L - Dividend Comparison
JRUD.L's dividend yield for the trailing twelve months is around 0.67%, while JREG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JREG.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
With a correlation of 0.96, JRUD.L and JREG.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.25% for JREG.L.
Their fees differ too: 0.20% for JRUD.L and 0.25% for JREG.L.
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