UBUT.DE vs. JREU.L
UBUT.DE (UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis) and JREU.L (JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc)) are both Large Cap Blend Equities funds - UBUT.DE tracks the MSCI USA Quality while JREU.L tracks the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, UBUT.DE returned 14.55%/yr vs 14.71%/yr for JREU.L. Their correlation of 0.88 suggests significant overlap in exposure. UBUT.DE charges 0.25%/yr vs 0.20%/yr for JREU.L.
Performance
UBUT.DE vs. JREU.L - Performance Comparison
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Different Trading Currencies
UBUT.DE is traded in EUR, while JREU.L is traded in USD. To make them comparable, the JREU.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with UBUT.DE having a 11.13% return and JREU.L slightly lower at 10.77%.
UBUT.DE
- 1D
- 0.48%
- 1M
- 6.45%
- YTD
- 11.13%
- 6M
- 11.84%
- 1Y
- 26.41%
- 3Y*
- 18.17%
- 5Y*
- 14.55%
- 10Y*
- 15.97%
JREU.L
- 1D
- -0.18%
- 1M
- 4.53%
- YTD
- 10.77%
- 6M
- 10.80%
- 1Y
- 24.58%
- 3Y*
- 18.36%
- 5Y*
- 14.71%
- 10Y*
- —
UBUT.DE vs. JREU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UBUT.DE UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis | 11.13% | 4.89% | 28.17% | 31.45% | -19.44% | 39.51% | 10.45% | 41.33% | -7.96% |
JREU.L JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) | 10.77% | 2.50% | 33.38% | 24.50% | -13.88% | 40.34% | 9.75% | 33.49% | -8.99% |
Correlation
The correlation between UBUT.DE and JREU.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.88 |
The correlation between UBUT.DE and JREU.L has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
UBUT.DE vs. JREU.L — Risk / Return Rank
UBUT.DE
JREU.L
UBUT.DE vs. JREU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UBUT.DE) and JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JREU.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.
| UBUT.DE | JREU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 3.65 | -0.81 |
| Martin ratioReturn relative to average drawdown | 10.00 | 12.92 | -2.92 |
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
| UBUT.DE | JREU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 2.00 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.92 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.88 | +0.02 |
Drawdowns
UBUT.DE vs. JREU.L - Drawdown Comparison
The maximum UBUT.DE drawdown since its inception was -30.47%, smaller than the maximum JREU.L drawdown of -34.07%. Use the drawdown chart below to compare losses from any high point for UBUT.DE and JREU.L.
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Drawdown Indicators
| UBUT.DE | JREU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.47% | -34.07% | +3.60% |
Max Drawdown (1Y)Largest decline over 1 year | -9.23% | -6.70% | -2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -24.78% | -22.79% | -1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -24.78% | -22.79% | -1.99% |
Max Drawdown (10Y)Largest decline over 10 years | -30.47% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.46% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -4.58% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 1.90% | +0.73% |
Volatility
UBUT.DE vs. JREU.L - Volatility Comparison
UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UBUT.DE) has a higher volatility of 3.48% compared to JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JREU.L) at 2.97%. This indicates that UBUT.DE's price experiences larger fluctuations and is considered to be riskier than JREU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UBUT.DE | JREU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 2.97% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 9.10% | 8.50% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.25% | 12.22% | +1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.79% | 16.04% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.94% | 17.97% | -1.03% |
UBUT.DE vs. JREU.L - Expense Ratio Comparison
UBUT.DE has a 0.25% expense ratio, which is higher than JREU.L's 0.20% 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
UBUT.DE vs. JREU.L - Dividend Comparison
UBUT.DE's dividend yield for the trailing twelve months is around 0.35%, while JREU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
JREU.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% |
UBUT.DE UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis | 0.35% | 0.42% | 0.60% | 0.78% | 0.78% | 0.62% | 0.88% | 0.66% | 1.07% | 0.85% | 0.96% |
Frequently Asked Questions
UBUT.DE and JREU.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JREU.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREU.L is cheaper with a 0.20% expense ratio, compared with 0.25% for UBUT.DE.
UBUT.DE tracks MSCI USA Quality, while JREU.L tracks Russell 1000 TR USD. They also come from different issuers: UBS and JPMorgan. Their fees differ too: 0.25% for UBUT.DE and 0.20% for JREU.L.
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