JUKC.L vs. CMB1.L
JUKC.L (JPMorgan UK Equity Core UCITS ETF GBP (acc)) and CMB1.L (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds - JUKC.L tracks the FTSE AllSh TR GBP while CMB1.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 3 years, JUKC.L returned 16.46%/yr vs 27.54%/yr for CMB1.L. A 0.67 correlation means they provide meaningful diversification when combined. JUKC.L charges 0.25%/yr vs 0.33%/yr for CMB1.L.
Performance
JUKC.L vs. CMB1.L - Performance Comparison
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Returns By Period
In the year-to-date period, JUKC.L achieves a 8.41% return, which is significantly lower than CMB1.L's 16.84% return.
JUKC.L
- 1D
- 0.00%
- 1M
- 1.00%
- 6M
- 5.56%
- YTD
- 8.41%
- 1Y
- 21.73%
- 3Y*
- 16.46%
- 5Y*
- —
- 10Y*
- —
CMB1.L
- 1D
- -1.50%
- 1M
- -0.46%
- 6M
- 15.33%
- YTD
- 16.84%
- 1Y
- 34.04%
- 3Y*
- 27.54%
- 5Y*
- 21.33%
- 10Y*
- 16.22%
JUKC.L vs. CMB1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JUKC.L JPMorgan UK Equity Core UCITS ETF GBP (acc) | 8.41% | 24.96% | 9.72% | 7.55% | 5.35% |
CMB1.L iShares FTSE MIB UCITS ETF (Acc) | 16.84% | 43.83% | 13.25% | 30.68% | 14.28% |
Correlation
The correlation between JUKC.L and CMB1.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2022 | 0.67 |
The correlation between JUKC.L and CMB1.L has been stable across timeframes, ranging from 0.62 to 0.67 - a consistent structural relationship.
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Return for Risk
JUKC.L vs. CMB1.L — Risk / Return Rank
JUKC.L
CMB1.L
JUKC.L vs. CMB1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan UK Equity Core UCITS ETF GBP (acc) (JUKC.L) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.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.
| JUKC.L | CMB1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.39 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 3.28 | -0.80 |
| Martin ratioReturn relative to average drawdown | 8.21 | 11.74 | -3.53 |
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Drawdowns
JUKC.L vs. CMB1.L - Drawdown Comparison
The maximum JUKC.L drawdown since its inception was -12.95%, smaller than the maximum CMB1.L drawdown of -56.05%. Use the drawdown chart below to compare losses from any high point for JUKC.L and CMB1.L.
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Drawdown Indicators
| JUKC.L | CMB1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.95% | -56.05% | +43.10% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -10.32% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -12.95% | -15.62% | +2.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.19% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.61% | — |
Current DrawdownCurrent decline from peak | -1.60% | -2.96% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -15.16% | +12.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 2.89% | -0.24% |
Volatility
JUKC.L vs. CMB1.L - Volatility Comparison
The current volatility for JPMorgan UK Equity Core UCITS ETF GBP (acc) (JUKC.L) is 2.87%, while iShares FTSE MIB UCITS ETF (Acc) (CMB1.L) has a volatility of 3.99%. This indicates that JUKC.L experiences smaller price fluctuations and is considered to be less risky than CMB1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JUKC.L | CMB1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 3.99% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.57% | 12.72% | -3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.19% | 15.22% | -4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.10% | 17.98% | -5.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.10% | 20.03% | -7.93% |
JUKC.L vs. CMB1.L - Expense Ratio Comparison
JUKC.L has a 0.25% expense ratio, which is lower than CMB1.L's 0.33% expense ratio.
Dividends
JUKC.L vs. CMB1.L - Dividend Comparison
Neither JUKC.L nor CMB1.L has paid dividends to shareholders.
Frequently Asked Questions
JUKC.L and CMB1.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JUKC.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JUKC.L is cheaper with a 0.25% expense ratio, compared with 0.33% for CMB1.L.
JUKC.L tracks FTSE AllSh TR GBP, while CMB1.L tracks FTSE Italia AllShare TR EUR. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.25% for JUKC.L and 0.33% for CMB1.L.
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