JUKC.L vs. LDEG.L
JUKC.L (JPMorgan UK Equity Core UCITS ETF GBP (acc)) and LDEG.L (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) are both Europe Equities funds - JUKC.L tracks the FTSE AllSh TR GBP while LDEG.L tracks the MSCI Europe Ex UK NR EUR. Both are passively managed. Over the past 3 years, JUKC.L returned 14.98%/yr vs 23.92%/yr for LDEG.L. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
JUKC.L vs. LDEG.L - Performance Comparison
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Returns By Period
In the year-to-date period, JUKC.L achieves a 6.47% return, which is significantly lower than LDEG.L's 10.41% return.
JUKC.L
- 1D
- 0.34%
- 1M
- 2.18%
- YTD
- 6.47%
- 6M
- 8.36%
- 1Y
- 20.86%
- 3Y*
- 14.98%
- 5Y*
- —
- 10Y*
- —
LDEG.L
- 1D
- 0.89%
- 1M
- 1.38%
- YTD
- 10.41%
- 6M
- 13.94%
- 1Y
- 30.52%
- 3Y*
- 23.92%
- 5Y*
- 16.11%
- 10Y*
- —
JUKC.L vs. LDEG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JUKC.L JPMorgan UK Equity Core UCITS ETF GBP (acc) | 6.47% | 24.96% | 9.72% | 7.55% | 5.74% |
LDEG.L L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 10.41% | 44.92% | 8.83% | 14.32% | 11.19% |
Correlation
The correlation between JUKC.L and LDEG.L is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022 | 0.74 |
The correlation between JUKC.L and LDEG.L has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.
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Return for Risk
JUKC.L vs. LDEG.L — Risk / Return Rank
JUKC.L
LDEG.L
JUKC.L vs. LDEG.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 L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.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.
| JUKC.L | LDEG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.48 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 3.78 | -1.41 |
| Martin ratioReturn relative to average drawdown | 8.25 | 13.82 | -5.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JUKC.L | LDEG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 2.63 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 1.24 | -0.11 |
Drawdowns
JUKC.L vs. LDEG.L - Drawdown Comparison
The maximum JUKC.L drawdown since its inception was -12.95%, smaller than the maximum LDEG.L drawdown of -15.97%. Use the drawdown chart below to compare losses from any high point for JUKC.L and LDEG.L.
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Drawdown Indicators
| JUKC.L | LDEG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.95% | -15.97% | +3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -8.04% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -12.95% | -12.05% | -0.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.97% | — |
Current DrawdownCurrent decline from peak | -3.36% | -1.33% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -2.95% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 2.20% | +0.32% |
Volatility
JUKC.L vs. LDEG.L - Volatility Comparison
JPMorgan UK Equity Core UCITS ETF GBP (acc) (JUKC.L) has a higher volatility of 3.94% compared to L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.L) at 3.57%. This indicates that JUKC.L's price experiences larger fluctuations and is considered to be riskier than LDEG.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 | LDEG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 3.57% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.39% | 9.21% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.84% | 11.55% | -0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.06% | 15.99% | -3.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.06% | 16.01% | -3.95% |
JUKC.L vs. LDEG.L - Expense Ratio Comparison
Both JUKC.L and LDEG.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
JUKC.L vs. LDEG.L - Dividend Comparison
JUKC.L has not paid dividends to shareholders, while LDEG.L's dividend yield for the trailing twelve months is around 3.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JUKC.L JPMorgan UK Equity Core UCITS ETF GBP (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LDEG.L L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 3.13% | 3.43% | 4.21% | 4.11% | 3.70% | 3.11% |
Frequently Asked Questions
JUKC.L and LDEG.L have a correlation of 0.70, 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 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JUKC.L and LDEG.L have the same expense ratio: 0.25% per year.
JUKC.L tracks FTSE AllSh TR GBP, while LDEG.L tracks MSCI Europe Ex UK NR EUR. They also come from different issuers: JPMorgan and Legal & General.
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