JURE.L vs. LGUG.L

Last updated Jun 5, 2026

JURE.L (JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc)) and LGUG.L (L&G US Equity UCITS ETF) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from JPMorgan and Legal & General respectively. Both are passively managed. Over the past 5 years, JURE.L returned 14.89%/yr vs 14.90%/yr for LGUG.L. Their correlation of 0.83 suggests significant overlap in exposure. JURE.L charges 0.20%/yr vs 0.05%/yr for LGUG.L.

Performance

JURE.L vs. LGUG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JURE.L) and L&G US Equity UCITS ETF (LGUG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JURE.L achieves a 9.76% return, which is significantly lower than LGUG.L's 10.49% 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*: —

LGUG.L

• 1D: -0.07%
• 1M: 5.71%
• YTD: 10.49%
• 6M: 10.18%
• 1Y: 28.95%
• 3Y*: 19.37%
• 5Y*: 14.90%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JURE.L vs. LGUG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
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%	24.22%
LGUG.L L&G US Equity UCITS ETF	10.49%	9.75%	27.44%	21.53%	-10.98%	29.52%	15.44%	26.42%

Correlation

The correlation between JURE.L and LGUG.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jan 8, 2019	0.83

The correlation between JURE.L and LGUG.L shifts across timeframes, from 0.83 (all time) to 0.98 (3 years), reflecting how their relationship changes across market environments.

JURE.L vs. LGUG.L - Sectors Allocation Comparison

Sectors	JURE.L	LGUG.L
Technology	35.7%	38.3%
Financial Services	11.6%	11.1%
Communication Services	11.1%	11.2%
Consumer Cyclical	11.1%	10.1%
Healthcare	8.6%	8.6%
Industrials	8.2%	7.6%
Consumer Defensive	4.2%	4.7%
Energy	3.5%	3.3%
Utilities	2.4%	2.0%
Real Estate	1.9%	1.6%
Basic Materials	1.9%	1.6%

Return for Risk

JURE.L vs. LGUG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JURE.L

JURE.L Risk / Return Rank: 81
JURE.L Sharpe Ratio Rank: 84
JURE.L Sortino Ratio Rank: 82
JURE.L Omega Ratio Rank: 84
JURE.L Calmar Ratio Rank: 79
JURE.L Martin Ratio Rank: 79

LGUG.L

LGUG.L Risk / Return Rank: 78
LGUG.L Sharpe Ratio Rank: 83
LGUG.L Sortino Ratio Rank: 81
LGUG.L Omega Ratio Rank: 83
LGUG.L Calmar Ratio Rank: 73
LGUG.L Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JURE.L vs. LGUG.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 L&G US Equity UCITS ETF (LGUG.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	LGUG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.69	2.66	+0.03
Sortino ratio: Return per unit of downside risk	3.60	3.59	+0.01
Omega ratio: Gain probability vs. loss probability	1.50	1.50	+0.01
Calmar ratio: Return relative to maximum drawdown	3.99	3.60	+0.40
Martin ratio: Return relative to average drawdown	15.08	12.19	+2.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JURE.L vs. LGUG.L - Sharpe Ratio Comparison

The current JURE.L Sharpe Ratio is 2.69, which is comparable to the LGUG.L Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of JURE.L and LGUG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JURE.L	LGUG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.69	2.66	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.03	1.03	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	1.20	-0.25

Drawdowns

JURE.L vs. LGUG.L - Drawdown Comparison

The maximum JURE.L drawdown since its inception was -26.13%, which is greater than LGUG.L's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for JURE.L and LGUG.L.

Drawdown Indicators

	JURE.L	LGUG.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.13%	-24.75%	-1.38%
Max Drawdown (1Y) Largest decline over 1 year	-7.00%	-8.01%	+1.01%
Max Drawdown (3Y) Largest decline over 3 years	-21.50%	-21.49%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	-21.50%	-21.49%	-0.01%
Current Drawdown Current decline from peak	-0.26%	-0.30%	+0.04%
Average Drawdown Average peak-to-trough decline	-3.66%	-3.78%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	2.37%	-0.51%

Volatility

JURE.L vs. LGUG.L - Volatility Comparison

The current volatility for JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JURE.L) is 2.59%, while L&G US Equity UCITS ETF (LGUG.L) has a volatility of 2.89%. This indicates that JURE.L experiences smaller price fluctuations and is considered to be less risky than LGUG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JURE.L	LGUG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.59%	2.89%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	7.03%	7.56%	-0.53%
Volatility (1Y) Calculated over the trailing 1-year period	10.38%	10.83%	-0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.45%	14.84%	-0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.39%	17.37%	-0.98%

JURE.L vs. LGUG.L - Expense Ratio Comparison

JURE.L has a 0.20% expense ratio, which is higher than LGUG.L's 0.05% 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. LGUG.L - Dividend Comparison

Neither JURE.L nor LGUG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JURE.L and LGUG.L in my portfolio?

With a correlation of 0.98, JURE.L and LGUG.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, JURE.L or LGUG.L?

On fees, LGUG.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JURE.L or LGUG.L?

LGUG.L is cheaper with a 0.05% expense ratio, compared with 0.20% for JURE.L.

What is the main difference between JURE.L and LGUG.L?

Both ETFs track Russell 1000 TR USD. They also come from different issuers: JPMorgan and Legal & General. Their fees differ too: 0.20% for JURE.L and 0.05% for LGUG.L.