JRUP.L vs. JREU.L
JRUP.L (JPMorgan ETFs Ireland ICAV - JPM USD IG Corporate Bond Active UCITS ETF - GBP Hedged (acc)) and JREU.L (JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc)) are both exchange-traded funds - JRUP.L is a Corporate Bonds fund actively managed by JPMorgan, while JREU.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. JRUP.L is actively managed, while JREU.L is passively managed. Over the past 3 years, JRUP.L returned 4.67%/yr vs 18.22%/yr for JREU.L. At a 0.15 correlation, their price movements are largely independent.
Performance
JRUP.L vs. JREU.L - Performance Comparison
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Different Trading Currencies
JRUP.L is traded in GBP, while JREU.L is traded in USD. To make them comparable, the JREU.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
JRUP.L
- 1D
- 0.07%
- 1M
- -0.66%
- 6M
- -0.16%
- YTD
- 0.00%
- 1Y
- 4.85%
- 3Y*
- 4.67%
- 5Y*
- —
- 10Y*
- —
JREU.L
- 1D
- -0.81%
- 1M
- -0.75%
- 6M
- 8.90%
- YTD
- 9.12%
- 1Y
- 19.44%
- 3Y*
- 18.22%
- 5Y*
- 13.33%
- 10Y*
- —
JRUP.L vs. JREU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JRUP.L JPMorgan ETFs Ireland ICAV - JPM USD IG Corporate Bond Active UCITS ETF - GBP Hedged (acc) | 0.00% | 7.47% | 2.11% | 7.12% | -14.19% |
JREU.L JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) | 9.12% | 8.02% | 27.31% | 21.94% | -4.96% |
Correlation
The correlation between JRUP.L and JREU.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2022 | 0.15 |
The correlation between JRUP.L and JREU.L shifts across timeframes, from 0.15 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JRUP.L vs. JREU.L — Risk / Return Rank
JRUP.L
JREU.L
JRUP.L vs. JREU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan ETFs Ireland ICAV - JPM USD IG Corporate Bond Active UCITS ETF - GBP Hedged (acc) (JRUP.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.
| JRUP.L | JREU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.29 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 2.80 | -1.19 |
| Martin ratioReturn relative to average drawdown | 4.75 | 9.64 | -4.89 |
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Drawdowns
JRUP.L vs. JREU.L - Drawdown Comparison
The maximum JRUP.L drawdown since its inception was -19.44%, smaller than the maximum JREU.L drawdown of -26.72%. Use the drawdown chart below to compare losses from any high point for JRUP.L and JREU.L.
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Drawdown Indicators
| JRUP.L | JREU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.44% | -26.72% | +7.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -6.90% | +3.91% |
Max Drawdown (3Y)Largest decline over 3 years | -6.21% | -21.60% | +15.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.60% | — |
Current DrawdownCurrent decline from peak | -1.39% | -1.49% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -3.67% | -3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 2.01% | -0.99% |
Volatility
JRUP.L vs. JREU.L - Volatility Comparison
The current volatility for JPMorgan ETFs Ireland ICAV - JPM USD IG Corporate Bond Active UCITS ETF - GBP Hedged (acc) (JRUP.L) is 1.01%, while JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JREU.L) has a volatility of 3.11%. This indicates that JRUP.L experiences smaller price fluctuations and is considered to be less risky than JREU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JRUP.L | JREU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 3.11% | -2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.38% | 9.30% | -5.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 12.23% | -7.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.81% | 15.64% | -7.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.81% | 17.32% | -9.51% |
Dividends
JRUP.L vs. JREU.L - Dividend Comparison
Neither JRUP.L nor JREU.L has paid dividends to shareholders.
Frequently Asked Questions
JRUP.L and JREU.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JRUP.L is categorized as Corporate Bonds, while JREU.L is Large Cap Blend Equities.
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