JURE.L vs. VUSA.L

Last updated Jun 5, 2026

JURE.L (JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc)) and VUSA.L (Vanguard S&P 500 UCITS ETF) are both exchange-traded funds - JURE.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while VUSA.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, JURE.L returned 14.89%/yr vs 14.94%/yr for VUSA.L. With a 0.98 correlation, they move nearly in lockstep. JURE.L charges 0.20%/yr vs 0.07%/yr for VUSA.L.

Performance

JURE.L vs. VUSA.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 Vanguard S&P 500 UCITS ETF (VUSA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JURE.L is traded in GBp, while VUSA.L is traded in GBP. To make them comparable, the VUSA.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 lower than VUSA.L's 10.52% return.

JURE.L

• 1D: 0.00%
• 1M: 3.93%
• YTD: 9.76%
• 6M: 9.23%
• 1Y: 27.95%
• 3Y*: 18.48%
• 5Y*: 14.89%
• 10Y*: —

VUSA.L

• 1D: 0.03%
• 1M: 5.52%
• YTD: 10.52%
• 6M: 10.48%
• 1Y: 29.10%
• 3Y*: 19.01%
• 5Y*: 14.94%
• 10Y*: 16.07%

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

JURE.L vs. VUSA.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%
VUSA.L Vanguard S&P 500 UCITS ETF	10.52%	9.39%	27.33%	19.81%	-9.02%	30.98%	13.66%	26.54%	-6.81%

Correlation

The correlation between JURE.L and VUSA.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	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.98

The correlation between JURE.L and VUSA.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

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

Sectors	JURE.L	VUSA.L
Technology	35.7%	35.7%
Financial Services	11.6%	11.6%
Communication Services	11.1%	11.3%
Consumer Cyclical	11.1%	10.2%
Healthcare	8.6%	8.5%
Industrials	8.2%	8.3%
Consumer Defensive	4.2%	4.9%
Energy	3.5%	3.5%
Utilities	2.4%	2.4%
Real Estate	1.9%	1.9%
Basic Materials	1.9%	1.8%

Return for Risk

JURE.L vs. VUSA.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

VUSA.L

VUSA.L Risk / Return Rank: 82
VUSA.L Sharpe Ratio Rank: 84
VUSA.L Sortino Ratio Rank: 83
VUSA.L Omega Ratio Rank: 85
VUSA.L Calmar Ratio Rank: 80
VUSA.L Martin Ratio Rank: 78

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. VUSA.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 Vanguard S&P 500 UCITS ETF (VUSA.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	VUSA.L	Difference
Sharpe ratio: Return per unit of total volatility	2.69	2.74	-0.04
Sortino ratio: Return per unit of downside risk	3.60	3.68	-0.08
Omega ratio: Gain probability vs. loss probability	1.50	1.51	-0.01
Calmar ratio: Return relative to maximum drawdown	3.99	4.08	-0.08
Martin ratio: Return relative to average drawdown	15.08	15.02	+0.06
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. VUSA.L - Sharpe Ratio Comparison

The current JURE.L Sharpe Ratio is 2.69, which is comparable to the VUSA.L Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of JURE.L and VUSA.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	VUSA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.69	2.74	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.03	1.04	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	1.06	-0.11

Drawdowns

JURE.L vs. VUSA.L - Drawdown Comparison

The maximum JURE.L drawdown since its inception was -26.13%, roughly equal to the maximum VUSA.L drawdown of -25.47%. Use the drawdown chart below to compare losses from any high point for JURE.L and VUSA.L.

Drawdown Indicators

	JURE.L	VUSA.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.13%	-25.47%	-0.66%
Max Drawdown (1Y) Largest decline over 1 year	-7.00%	-7.11%	+0.11%
Max Drawdown (3Y) Largest decline over 3 years	-21.50%	-20.94%	-0.56%
Max Drawdown (5Y) Largest decline over 5 years	-21.50%	-20.94%	-0.56%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.47%	—
Current Drawdown Current decline from peak	-0.26%	-0.23%	-0.03%
Average Drawdown Average peak-to-trough decline	-3.66%	-3.19%	-0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	1.93%	-0.07%

Volatility

JURE.L vs. VUSA.L - Volatility Comparison

JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JURE.L) and Vanguard S&P 500 UCITS ETF (VUSA.L) have volatilities of 2.59% and 2.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JURE.L	VUSA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.59%	2.63%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	7.03%	7.12%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	10.38%	10.58%	-0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.45%	14.29%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.39%	15.64%	+0.75%

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

JURE.L has a 0.20% expense ratio, which is higher than VUSA.L's 0.07% 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. VUSA.L - Dividend Comparison

JURE.L has not paid dividends to shareholders, while VUSA.L's dividend yield for the trailing twelve months is around 0.87%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VUSA.L Vanguard S&P 500 UCITS ETF	0.87%	0.95%	1.00%	1.24%	1.41%	1.04%	1.44%	1.50%	1.72%	1.61%	1.58%	1.73%

Frequently Asked Questions

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

With a correlation of 0.98, JURE.L and VUSA.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 VUSA.L?

On fees, VUSA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

VUSA.L is cheaper with a 0.07% expense ratio, compared with 0.20% for JURE.L.

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

JURE.L is categorized as Large Cap Blend Equities, while VUSA.L is S&P 500. JURE.L tracks Russell 1000 TR USD, while VUSA.L tracks S&P 500 Index. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.20% for JURE.L and 0.07% for VUSA.L.