SPYF.DE vs. JUKC.L
SPYF.DE (SPDR FTSE UK All Share UCITS ETF) and JUKC.L (JPMorgan UK Equity Core UCITS ETF GBP (acc)) are both Europe Equities funds - SPYF.DE tracks the FTSE All-Share while JUKC.L tracks the FTSE AllSh TR GBP. Both are passively managed. Over the past 3 years, SPYF.DE returned 13.97%/yr vs 14.81%/yr for JUKC.L. Their correlation of 0.93 suggests significant overlap in exposure. SPYF.DE charges 0.20%/yr vs 0.25%/yr for JUKC.L.
Performance
SPYF.DE vs. JUKC.L - Performance Comparison
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Different Trading Currencies
SPYF.DE is traded in EUR, while JUKC.L is traded in GBp. To make them comparable, the JUKC.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPYF.DE achieves a 6.71% return, which is significantly lower than JUKC.L's 7.43% return.
SPYF.DE
- 1D
- 0.16%
- 1M
- -0.06%
- YTD
- 6.71%
- 6M
- 9.71%
- 1Y
- 17.02%
- 3Y*
- 13.97%
- 5Y*
- 10.06%
- 10Y*
- 7.48%
JUKC.L
- 1D
- 0.27%
- 1M
- -0.06%
- YTD
- 7.43%
- 6M
- 10.20%
- 1Y
- 17.73%
- 3Y*
- 14.81%
- 5Y*
- —
- 10Y*
- —
SPYF.DE vs. JUKC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPYF.DE SPDR FTSE UK All Share UCITS ETF | 6.71% | 17.92% | 13.59% | 10.43% | 1.71% |
JUKC.L JPMorgan UK Equity Core UCITS ETF GBP (acc) | 7.43% | 18.44% | 15.01% | 9.83% | 2.45% |
Correlation
The correlation between SPYF.DE and JUKC.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022 | 0.93 |
The correlation between SPYF.DE and JUKC.L has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.
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Return for Risk
SPYF.DE vs. JUKC.L — Risk / Return Rank
SPYF.DE
JUKC.L
SPYF.DE vs. JUKC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE UK All Share UCITS ETF (SPYF.DE) and JPMorgan UK Equity Core UCITS ETF GBP (acc) (JUKC.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.
| SPYF.DE | JUKC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.28 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 2.32 | -0.07 |
| Martin ratioReturn relative to average drawdown | 7.97 | 8.18 | -0.22 |
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
| SPYF.DE | JUKC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.49 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 1.02 | -0.56 |
Drawdowns
SPYF.DE vs. JUKC.L - Drawdown Comparison
The maximum SPYF.DE drawdown since its inception was -41.53%, which is greater than JUKC.L's maximum drawdown of -15.97%. Use the drawdown chart below to compare losses from any high point for SPYF.DE and JUKC.L.
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Drawdown Indicators
| SPYF.DE | JUKC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.53% | -15.97% | -25.56% |
Max Drawdown (1Y)Largest decline over 1 year | -7.60% | -7.62% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -17.17% | -15.97% | -1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -17.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.53% | — | — |
Current DrawdownCurrent decline from peak | -2.22% | -2.03% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -6.06% | -2.24% | -3.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 2.16% | -0.02% |
Volatility
SPYF.DE vs. JUKC.L - Volatility Comparison
SPDR FTSE UK All Share UCITS ETF (SPYF.DE) and JPMorgan UK Equity Core UCITS ETF GBP (acc) (JUKC.L) have volatilities of 4.30% and 4.26%, 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.
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Volatility by Period
| SPYF.DE | JUKC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 4.26% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 9.87% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.95% | 11.83% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 13.15% | +0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.59% | 13.15% | +3.44% |
SPYF.DE vs. JUKC.L - Expense Ratio Comparison
SPYF.DE has a 0.20% expense ratio, which is lower than JUKC.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPYF.DE vs. JUKC.L - Dividend Comparison
Neither SPYF.DE nor JUKC.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, SPYF.DE and JUKC.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.
On fees, SPYF.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYF.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for JUKC.L.
SPYF.DE tracks FTSE All-Share, while JUKC.L tracks FTSE AllSh TR GBP. They also come from different issuers: State Street and JPMorgan. Their fees differ too: 0.20% for SPYF.DE and 0.25% for JUKC.L.
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