JRUD.L vs. WRDA.L
JRUD.L (JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF - USD (dist)) and WRDA.L (UBS Core MSCI World UCITS ETF USD Acc) are both Global Equities funds. JRUD.L is actively managed, while WRDA.L is passively managed. Over the past year, JRUD.L returned 20.83% vs 22.07% for WRDA.L. Their correlation of 0.88 suggests significant overlap in exposure. JRUD.L charges 0.20%/yr vs 0.06%/yr for WRDA.L.
Performance
JRUD.L vs. WRDA.L - Performance Comparison
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Different Trading Currencies
JRUD.L is traded in USD, while WRDA.L is traded in GBp. To make them comparable, the WRDA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with JRUD.L having a 9.80% return and WRDA.L slightly higher at 10.11%.
JRUD.L
- 1D
- 0.14%
- 1M
- 0.26%
- 6M
- 9.85%
- YTD
- 9.80%
- 1Y
- 20.83%
- 3Y*
- 19.58%
- 5Y*
- 13.07%
- 10Y*
- —
WRDA.L
- 1D
- 0.00%
- 1M
- 0.23%
- 6M
- 8.92%
- YTD
- 10.11%
- 1Y
- 22.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JRUD.L vs. WRDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JRUD.L JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF - USD (dist) | 9.80% | 16.18% | 22.24% |
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | 10.11% | 21.28% | 17.83% |
Correlation
The correlation between JRUD.L and WRDA.L is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.88 |
The correlation between JRUD.L and WRDA.L has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.
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Return for Risk
JRUD.L vs. WRDA.L — Risk / Return Rank
JRUD.L
WRDA.L
JRUD.L vs. WRDA.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 UBS Core MSCI World UCITS ETF USD Acc (WRDA.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 | WRDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.34 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 0.80 | +1.77 |
| Martin ratioReturn relative to average drawdown | 10.68 | 1.20 | +9.48 |
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Drawdowns
JRUD.L vs. WRDA.L - Drawdown Comparison
The maximum JRUD.L drawdown since its inception was -34.49%, which is greater than WRDA.L's maximum drawdown of -27.71%. Use the drawdown chart below to compare losses from any high point for JRUD.L and WRDA.L.
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Drawdown Indicators
| JRUD.L | WRDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.49% | -27.71% | -6.78% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -27.71% | +19.33% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.11% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | -15.53% | +15.13% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -7.46% | +2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 18.35% | -16.33% |
Volatility
JRUD.L vs. WRDA.L - Volatility Comparison
JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF - USD (dist) (JRUD.L) and UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) have volatilities of 2.96% and 2.96%, 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.
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Volatility by Period
| JRUD.L | WRDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 2.96% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.18% | 9.04% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.90% | 43.30% | -31.40% |
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% | 29.74% | -9.90% |
JRUD.L vs. WRDA.L - Expense Ratio Comparison
JRUD.L has a 0.20% expense ratio, which is higher than WRDA.L's 0.06% expense ratio. However, 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. WRDA.L - Dividend Comparison
JRUD.L's dividend yield for the trailing twelve months is around 0.67%, while WRDA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
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% |
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JRUD.L and WRDA.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WRDA.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WRDA.L is cheaper with a 0.06% expense ratio, compared with 0.20% for JRUD.L.
They also come from different issuers: JPMorgan and UBS. Their fees differ too: 0.20% for JRUD.L and 0.06% for WRDA.L.
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