JURE.L vs. GLTL.L
JURE.L (JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc)) and GLTL.L (SPDR Bloomberg 15+ Year Gilt UCITS ETF) are both exchange-traded funds - JURE.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while GLTL.L is a European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 5 years, JURE.L returned 14.89%/yr vs -10.85%/yr for GLTL.L. At a correlation of -0.05, they often move in opposite directions. JURE.L charges 0.20%/yr vs 0.15%/yr for GLTL.L.
Performance
JURE.L vs. GLTL.L - Performance Comparison
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Different Trading Currencies
JURE.L is traded in GBp, while GLTL.L is traded in GBP. To make them comparable, the GLTL.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, JURE.L achieves a 9.76% return, which is significantly higher than GLTL.L's -3.57% return.
JURE.L
- 1D
- 0.00%
- 1M
- 4.89%
- YTD
- 9.76%
- 6M
- 9.91%
- 1Y
- 28.08%
- 3Y*
- 18.48%
- 5Y*
- 14.89%
- 10Y*
- —
GLTL.L
- 1D
- 0.41%
- 1M
- 2.69%
- YTD
- -3.57%
- 6M
- -4.08%
- 1Y
- 0.19%
- 3Y*
- -0.97%
- 5Y*
- -10.85%
- 10Y*
- -3.59%
JURE.L vs. GLTL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JURE.L JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) | 9.76% | 8.38% | 27.17% | 21.34% | -9.44% | 32.51% | 15.58% | 26.43% | -6.82% |
GLTL.L SPDR Bloomberg 15+ Year Gilt UCITS ETF | -3.57% | 3.16% | -10.46% | 1.26% | -40.67% | -6.57% | 13.60% | 11.56% | 4.39% |
Correlation
The correlation between JURE.L and GLTL.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | -0.05 |
The correlation between JURE.L and GLTL.L shifts across timeframes, from -0.05 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JURE.L vs. GLTL.L — Risk / Return Rank
JURE.L
GLTL.L
JURE.L vs. GLTL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JURE.L) and SPDR Bloomberg 15+ Year Gilt UCITS ETF (GLTL.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.
| JURE.L | GLTL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.68 | ||
| Sortino ratioReturn per unit of downside risk | +3.49 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.01 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | 0.02 | +3.98 |
| Martin ratioReturn relative to average drawdown | 15.08 | 0.04 | +15.04 |
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
| JURE.L | GLTL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | 0.02 | +2.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | -0.55 | +1.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | -0.03 | +0.98 |
Drawdowns
JURE.L vs. GLTL.L - Drawdown Comparison
The maximum JURE.L drawdown since its inception was -26.13%, smaller than the maximum GLTL.L drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for JURE.L and GLTL.L.
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Drawdown Indicators
| JURE.L | GLTL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.13% | -55.18% | +29.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -10.86% | +3.86% |
Max Drawdown (3Y)Largest decline over 3 years | -21.50% | -16.53% | -4.97% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -52.99% | +31.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.18% | — |
Current DrawdownCurrent decline from peak | -0.26% | -52.05% | +51.79% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -19.76% | +16.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 4.27% | -2.41% |
Volatility
JURE.L vs. GLTL.L - Volatility Comparison
The current volatility for JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JURE.L) is 2.59%, while SPDR Bloomberg 15+ Year Gilt UCITS ETF (GLTL.L) has a volatility of 5.33%. This indicates that JURE.L experiences smaller price fluctuations and is considered to be less risky than GLTL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JURE.L | GLTL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 5.33% | -2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 7.03% | 9.67% | -2.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.38% | 12.50% | -2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.45% | 19.75% | -5.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.39% | 17.01% | -0.62% |
JURE.L vs. GLTL.L - Expense Ratio Comparison
JURE.L has a 0.20% expense ratio, which is higher than GLTL.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
JURE.L vs. GLTL.L - Dividend Comparison
JURE.L has not paid dividends to shareholders, while GLTL.L's dividend yield for the trailing twelve months is around 5.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLTL.L SPDR Bloomberg 15+ Year Gilt UCITS ETF | 5.12% | 4.77% | 4.39% | 2.97% | 1.63% | 0.87% | 1.01% | 1.43% | 1.55% | 1.86% | 1.99% | 2.51% |
JURE.L JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JURE.L and GLTL.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLTL.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLTL.L is cheaper with a 0.15% expense ratio, compared with 0.20% for JURE.L.
JURE.L is categorized as Large Cap Blend Equities, while GLTL.L is European Government Bonds. JURE.L tracks Russell 1000 TR USD, while GLTL.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.20% for JURE.L and 0.15% for GLTL.L.
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