JRUD.L vs. JREU.L

Last updated Jul 16, 2026

JRUD.L (JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF - USD (dist)) and JREU.L (JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc)) are both exchange-traded funds - JRUD.L is a Global Equities fund actively managed by JPMorgan, while JREU.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. JRUD.L is actively managed, while JREU.L is passively managed. Over the past 5 years, JRUD.L returned 13.07%/yr vs 12.94%/yr for JREU.L. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.

Performance

JRUD.L vs. JREU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF - USD (dist) (JRUD.L) and JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JREU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with JRUD.L having a 9.80% return and JREU.L slightly lower at 9.57%.

JRUD.L

• 1D: 0.14%
• 1M: 0.26%
• 6M: 9.85%
• YTD: 9.80%
• 1Y: 20.83%
• 3Y*: 19.58%
• 5Y*: 13.07%
• 10Y*: —

JREU.L

• 1D: 0.23%
• 1M: 0.13%
• 6M: 9.57%
• YTD: 9.57%
• 1Y: 20.72%
• 3Y*: 19.53%
• 5Y*: 12.94%
• 10Y*: —

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

JRUD.L vs. JREU.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%
JREU.L JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc)	9.57%	16.31%	25.12%	28.35%	-18.91%	30.58%	19.61%	2.32%

Correlation

The correlation between JRUD.L and JREU.L is 0.99 - 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	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Dec 16, 2019	0.85

The correlation between JRUD.L and JREU.L shifts across timeframes, from 0.85 (all time) to 0.99 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JRUD.L vs. JREU.L — Risk / Return Rank

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

JRUD.L

JRUD.L Risk / Return Rank: 70
JRUD.L Sharpe Ratio Rank: 70
JRUD.L Sortino Ratio Rank: 75
JRUD.L Omega Ratio Rank: 68
JRUD.L Calmar Ratio Rank: 64
JRUD.L Martin Ratio Rank: 73

JREU.L

JREU.L Risk / Return Rank: 66
JREU.L Sharpe Ratio Rank: 66
JREU.L Sortino Ratio Rank: 72
JREU.L Omega Ratio Rank: 64
JREU.L Calmar Ratio Rank: 61
JREU.L Martin Ratio Rank: 70

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.

JRUD.L vs. JREU.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 US Research Enhanced Index Equity UCITS ETF - USD (acc) (JREU.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	JREU.L	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.73	+0.08
Sortino ratio: Return per unit of downside risk	2.70	2.61	+0.09
Omega ratio: Gain probability vs. loss probability	1.33	1.31	+0.02
Calmar ratio: Return relative to maximum drawdown	2.57	2.46	+0.11
Martin ratio: Return relative to average drawdown	10.68	10.29	+0.39

JRUD.L vs. JREU.L - Sharpe Ratio Comparison

The current JRUD.L Sharpe Ratio is 1.81, which is comparable to the JREU.L Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of JRUD.L and JREU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JRUD.L vs. JREU.L - Drawdown Comparison

The maximum JRUD.L drawdown since its inception was -34.49%, roughly equal to the maximum JREU.L drawdown of -34.56%. Use the drawdown chart below to compare losses from any high point for JRUD.L and JREU.L.

Drawdown Indicators

	JRUD.L	JREU.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.49%	-34.56%	+0.07%
Max Drawdown (1Y) Largest decline over 1 year	-8.38%	-8.40%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-18.85%	-18.60%	-0.25%
Max Drawdown (5Y) Largest decline over 5 years	-24.11%	-24.31%	+0.20%
Current Drawdown Current decline from peak	-0.40%	-0.54%	+0.14%
Average Drawdown Average peak-to-trough decline	-5.35%	-4.91%	-0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	2.01%	+0.01%

Volatility

JRUD.L vs. JREU.L - Volatility Comparison

JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF - USD (dist) (JRUD.L) and JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JREU.L) have volatilities of 2.96% and 2.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRUD.L	JREU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	2.83%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	9.18%	9.21%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	11.90%	11.91%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.00%	16.11%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.84%	17.74%	+2.10%

JRUD.L vs. JREU.L - Expense Ratio Comparison

Both JRUD.L and JREU.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

JRUD.L vs. JREU.L - Dividend Comparison

JRUD.L's dividend yield for the trailing twelve months is around 0.67%, while JREU.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
JREU.L JPMorgan US 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

Can I hold both JRUD.L and JREU.L in my portfolio?

With a correlation of 0.99, JRUD.L and JREU.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.

Which ETF is better, JRUD.L or JREU.L?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JRUD.L or JREU.L?

JRUD.L and JREU.L have the same expense ratio: 0.20% per year.

What is the main difference between JRUD.L and JREU.L?

JRUD.L is categorized as Global Equities, while JREU.L is Large Cap Blend Equities.