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JRUD.L vs. NXTG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JRUD.L vs. NXTG.L

Last updated Jul 16, 2026
Documentation

JRUD.L (JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF - USD (dist)) and NXTG.L (First Trust Indxx NextG UCITS ETF) are both Global Equities funds. JRUD.L is actively managed, while NXTG.L is passively managed. Over the past 5 years, JRUD.L returned 13.07%/yr vs 9.05%/yr for NXTG.L. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

JRUD.L vs. NXTG.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 First Trust Indxx NextG UCITS ETF (NXTG.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

JRUD.L is traded in USD, while NXTG.L is traded in GBp. To make them comparable, the NXTG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, JRUD.L achieves a 9.80% return, which is significantly lower than NXTG.L's 38.59% 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*
—

NXTG.L

1D
-0.25%
1M
-5.49%
6M
35.96%
YTD
38.59%
1Y
56.79%
3Y*
17.63%
5Y*
9.05%
10Y*
7.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

JRUD.L vs. NXTG.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
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%
NXTG.L
First Trust Indxx NextG UCITS ETF		38.59%28.23%13.05%5.58%-32.47%14.83%7.36%-1.97%

Correlation

The correlation between JRUD.L and NXTG.L is 0.72, 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

0.72

Correlation (3Y)
Calculated over the trailing 3-year period

0.68

Correlation (5Y)
Calculated over the trailing 5-year period

0.65

Correlation (All Time)
Calculated using the full available price history since Dec 16, 2019

0.61

The correlation between JRUD.L and NXTG.L shifts across timeframes, from 0.61 (all time) to 0.72 (1 year), reflecting how their relationship changes across market environments.

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JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF - USD (dist)

First Trust Indxx NextG UCITS ETF

Return for Risk

JRUD.L vs. NXTG.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: 7070
Overall Rank
JRUD.L Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
JRUD.L Sortino Ratio Rank: 7575
Sortino Ratio Rank
JRUD.L Omega Ratio Rank: 6868
Omega Ratio Rank
JRUD.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
JRUD.L Martin Ratio Rank: 7373
Martin Ratio Rank
NXTG.L
NXTG.L Risk / Return Rank: 5555
Overall Rank
NXTG.L Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
NXTG.L Sortino Ratio Rank: 4848
Sortino Ratio Rank
NXTG.L Omega Ratio Rank: 9292
Omega Ratio Rank
NXTG.L Calmar Ratio Rank: 5555
Calmar Ratio Rank
NXTG.L Martin Ratio Rank: 3838
Martin Ratio Rank
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. NXTG.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 First Trust Indxx NextG UCITS ETF (NXTG.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.LNXTG.LDifference
Sharpe ratioReturn per unit of total volatility
1.81
1.21

+0.60

Sortino ratioReturn per unit of downside risk
2.70
2.01

+0.69

Omega ratioGain probability vs. loss probability

1.33

1.46

-0.13

Calmar ratioReturn relative to maximum drawdown

2.57

2.29

+0.28

Martin ratioReturn relative to average drawdown

10.68

4.79

+5.89

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

The current JRUD.L Sharpe Ratio is 1.81, which is higher than the NXTG.L Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of JRUD.L and NXTG.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.

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Drawdowns

JRUD.L vs. NXTG.L - Drawdown Comparison

The maximum JRUD.L drawdown since its inception was -34.49%, smaller than the maximum NXTG.L drawdown of -54.89%. Use the drawdown chart below to compare losses from any high point for JRUD.L and NXTG.L.

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Drawdown Indicators

JRUD.LNXTG.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.49%

-54.89%

+20.40%

Max Drawdown (1Y)

Largest decline over 1 year

-8.38%

-24.85%

+16.47%

Max Drawdown (3Y)

Largest decline over 3 years

-18.85%

-32.80%

+13.95%

Max Drawdown (5Y)

Largest decline over 5 years

-24.11%

-45.46%

+21.35%

Max Drawdown (10Y)

Largest decline over 10 years

—

-54.89%

—

Current Drawdown

Current decline from peak

-0.40%

-10.07%

+9.67%

Average Drawdown

Average peak-to-trough decline

-5.35%

-26.87%

+21.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.02%

11.89%

-9.87%

Volatility

JRUD.L vs. NXTG.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 First Trust Indxx NextG UCITS ETF (NXTG.L) has a volatility of 6.74%. This indicates that JRUD.L experiences smaller price fluctuations and is considered to be less risky than NXTG.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.LNXTG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.96%

6.74%

-3.78%

Volatility (6M)

Calculated over the trailing 6-month period

9.18%

16.85%

-7.67%

Volatility (1Y)

Calculated over the trailing 1-year period

11.90%

47.00%

-35.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.00%

44.57%

-28.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.84%

34.76%

-14.92%

Dividends

JRUD.L vs. NXTG.L - Dividend Comparison

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

PositionTTM20252024202320222021
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%
NXTG.L
First Trust Indxx NextG UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

JRUD.L and NXTG.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: JPMorgan and First Trust.

Portfolio Optimizer

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