JUHE.DE vs. JPGL.DE
JUHE.DE (JPM US Research Enhanced Index Equity Active UCITS ETF EUR Hedged Acc) and JPGL.DE (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) are both exchange-traded funds - JUHE.DE is a Large Cap Blend Equities fund actively managed by JPMorgan, while JPGL.DE is a Global Equities fund tracking the JP Morgan Diversified Factor Global Developed (Region Aware) Equity. JUHE.DE is actively managed, while JPGL.DE is passively managed. Over the past 3 years, JUHE.DE returned 17.13%/yr vs 14.72%/yr for JPGL.DE. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
JUHE.DE vs. JPGL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JUHE.DE achieves a 7.89% return, which is significantly lower than JPGL.DE's 14.78% return.
JUHE.DE
- 1D
- 0.12%
- 1M
- 0.05%
- 6M
- 8.27%
- YTD
- 7.89%
- 1Y
- 17.77%
- 3Y*
- 17.13%
- 5Y*
- —
- 10Y*
- —
JPGL.DE
- 1D
- -0.33%
- 1M
- 1.39%
- 6M
- 11.55%
- YTD
- 14.78%
- 1Y
- 23.15%
- 3Y*
- 14.72%
- 5Y*
- 10.34%
- 10Y*
- —
JUHE.DE vs. JPGL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JUHE.DE JPM US Research Enhanced Index Equity Active UCITS ETF EUR Hedged Acc | 7.89% | 14.34% | 23.03% | 25.17% | -19.09% |
JPGL.DE JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating | 14.78% | 5.19% | 16.53% | 9.72% | -5.68% |
Correlation
The correlation between JUHE.DE and JPGL.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2022 | 0.63 |
The correlation between JUHE.DE and JPGL.DE shifts across timeframes, from 0.51 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JUHE.DE vs. JPGL.DE — Risk / Return Rank
JUHE.DE
JPGL.DE
JUHE.DE vs. JPGL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM US Research Enhanced Index Equity Active UCITS ETF EUR Hedged Acc (JUHE.DE) and JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE). 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.
| JUHE.DE | JPGL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.49 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 4.84 | -2.64 |
| Martin ratioReturn relative to average drawdown | 8.94 | 19.17 | -10.23 |
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Drawdowns
JUHE.DE vs. JPGL.DE - Drawdown Comparison
The maximum JUHE.DE drawdown since its inception was -23.01%, smaller than the maximum JPGL.DE drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for JUHE.DE and JPGL.DE.
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Drawdown Indicators
| JUHE.DE | JPGL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.01% | -35.54% | +12.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.56% | -4.76% | -3.80% |
Max Drawdown (3Y)Largest decline over 3 years | -19.02% | -17.34% | -1.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.34% | — |
Current DrawdownCurrent decline from peak | -0.72% | -0.51% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -4.73% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 1.20% | +0.91% |
Volatility
JUHE.DE vs. JPGL.DE - Volatility Comparison
JPM US Research Enhanced Index Equity Active UCITS ETF EUR Hedged Acc (JUHE.DE) has a higher volatility of 2.70% compared to JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE) at 1.68%. This indicates that JUHE.DE's price experiences larger fluctuations and is considered to be riskier than JPGL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JUHE.DE | JPGL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 1.68% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 5.98% | +3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.95% | 8.47% | +3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 11.83% | +4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 14.89% | +1.20% |
JUHE.DE vs. JPGL.DE - Expense Ratio Comparison
Both JUHE.DE and JPGL.DE 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
JUHE.DE vs. JPGL.DE - Dividend Comparison
Neither JUHE.DE nor JPGL.DE has paid dividends to shareholders.
Frequently Asked Questions
JUHE.DE and JPGL.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JUHE.DE and JPGL.DE have the same expense ratio: 0.20% per year.
JUHE.DE is categorized as Large Cap Blend Equities, while JPGL.DE is Global Equities.
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