JUHE.DE vs. USUE.DE
JUHE.DE (JPM US Research Enhanced Index Equity Active UCITS ETF EUR Hedged Acc) and USUE.DE (UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc) are both Large Cap Blend Equities funds. JUHE.DE is actively managed, while USUE.DE is passively managed. Over the past 3 years, JUHE.DE returned 17.13%/yr vs 16.85%/yr for USUE.DE. A 0.68 correlation means they provide meaningful diversification when combined. JUHE.DE charges 0.20%/yr vs 0.25%/yr for USUE.DE.
Performance
JUHE.DE vs. USUE.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 USUE.DE's 16.18% return.
JUHE.DE
- 1D
- 0.12%
- 1M
- 0.05%
- 6M
- 8.27%
- YTD
- 7.89%
- 1Y
- 17.77%
- 3Y*
- 17.13%
- 5Y*
- —
- 10Y*
- —
USUE.DE
- 1D
- -1.04%
- 1M
- 0.80%
- 6M
- 13.01%
- YTD
- 16.18%
- 1Y
- 24.25%
- 3Y*
- 16.85%
- 5Y*
- 11.33%
- 10Y*
- —
JUHE.DE vs. USUE.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% |
USUE.DE UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc | 16.18% | 0.99% | 25.07% | 12.96% | -6.80% |
Correlation
The correlation between JUHE.DE and USUE.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2022 | 0.68 |
The correlation between JUHE.DE and USUE.DE shifts across timeframes, from 0.55 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JUHE.DE vs. USUE.DE — Risk / Return Rank
JUHE.DE
USUE.DE
JUHE.DE vs. USUE.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 UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc (USUE.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 | USUE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 4.94 | -2.74 |
| Martin ratioReturn relative to average drawdown | 8.94 | 16.68 | -7.74 |
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Drawdowns
JUHE.DE vs. USUE.DE - Drawdown Comparison
The maximum JUHE.DE drawdown since its inception was -23.01%, smaller than the maximum USUE.DE drawdown of -39.26%. Use the drawdown chart below to compare losses from any high point for JUHE.DE and USUE.DE.
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Drawdown Indicators
| JUHE.DE | USUE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.01% | -39.26% | +16.25% |
Max Drawdown (1Y)Largest decline over 1 year | -8.56% | -4.89% | -3.67% |
Max Drawdown (3Y)Largest decline over 3 years | -19.02% | -20.79% | +1.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.79% | — |
Current DrawdownCurrent decline from peak | -0.72% | -1.75% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -5.59% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 1.45% | +0.66% |
Volatility
JUHE.DE vs. USUE.DE - Volatility Comparison
The current volatility for JPM US Research Enhanced Index Equity Active UCITS ETF EUR Hedged Acc (JUHE.DE) is 2.70%, while UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc (USUE.DE) has a volatility of 3.21%. This indicates that JUHE.DE experiences smaller price fluctuations and is considered to be less risky than USUE.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 | USUE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 3.21% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 7.97% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.95% | 11.36% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 14.46% | +1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 16.88% | -0.79% |
JUHE.DE vs. USUE.DE - Expense Ratio Comparison
JUHE.DE has a 0.20% expense ratio, which is lower than USUE.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
JUHE.DE vs. USUE.DE - Dividend Comparison
Neither JUHE.DE nor USUE.DE has paid dividends to shareholders.
Frequently Asked Questions
JUHE.DE and USUE.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JUHE.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JUHE.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for USUE.DE.
They also come from different issuers: JPMorgan and UBS. Their fees differ too: 0.20% for JUHE.DE and 0.25% for USUE.DE.
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