USUE.DE vs. JRUD.DE

Last updated Jun 5, 2026

USUE.DE (UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc) and JRUD.DE (JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)) are both Large Cap Blend Equities funds - USUE.DE tracks the MSCI USA Select Factor Mix while JRUD.DE tracks the JP Morgan US Research Enhanced Index Equity (ESG). Both are passively managed. Over the past 5 years, USUE.DE returned 11.49%/yr vs 14.63%/yr for JRUD.DE. Their correlation of 0.89 suggests significant overlap in exposure. USUE.DE charges 0.25%/yr vs 0.20%/yr for JRUD.DE.

Performance

USUE.DE vs. JRUD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc (USUE.DE) and JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRUD.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USUE.DE achieves a 13.01% return, which is significantly higher than JRUD.DE's 10.50% return.

USUE.DE

• 1D: 0.29%
• 1M: 4.91%
• YTD: 13.01%
• 6M: 13.36%
• 1Y: 21.52%
• 3Y*: 15.86%
• 5Y*: 11.49%
• 10Y*: —

JRUD.DE

• 1D: -0.13%
• 1M: 4.62%
• YTD: 10.50%
• 6M: 10.77%
• 1Y: 24.44%
• 3Y*: 18.26%
• 5Y*: 14.63%
• 10Y*: —

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

USUE.DE vs. JRUD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
USUE.DE UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc	13.01%	1.00%	25.07%	12.96%	-8.63%	35.62%	-1.09%
JRUD.DE JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	10.50%	3.71%	32.10%	23.94%	-14.78%	42.20%	2.72%

Correlation

The correlation between USUE.DE and JRUD.DE is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Feb 10, 2020	0.89

The correlation between USUE.DE and JRUD.DE shifts across timeframes, from 0.70 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

USUE.DE vs. JRUD.DE — Risk / Return Rank

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

USUE.DE

USUE.DE Risk / Return Rank: 66
USUE.DE Sharpe Ratio Rank: 57
USUE.DE Sortino Ratio Rank: 58
USUE.DE Omega Ratio Rank: 55
USUE.DE Calmar Ratio Rank: 83
USUE.DE Martin Ratio Rank: 76

JRUD.DE

JRUD.DE Risk / Return Rank: 68
JRUD.DE Sharpe Ratio Rank: 65
JRUD.DE Sortino Ratio Rank: 64
JRUD.DE Omega Ratio Rank: 68
JRUD.DE Calmar Ratio Rank: 72
JRUD.DE Martin Ratio Rank: 72

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.

USUE.DE vs. JRUD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc (USUE.DE) and JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRUD.DE). 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.

	USUE.DE	JRUD.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.89	2.14	-0.25
Sortino ratio: Return per unit of downside risk	2.73	2.92	-0.19
Omega ratio: Gain probability vs. loss probability	1.33	1.40	-0.07
Calmar ratio: Return relative to maximum drawdown	4.41	3.55	+0.86
Martin ratio: Return relative to average drawdown	14.20	13.27	+0.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USUE.DE vs. JRUD.DE - Sharpe Ratio Comparison

The current USUE.DE Sharpe Ratio is 1.89, which is comparable to the JRUD.DE Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of USUE.DE and JRUD.DE, 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

	USUE.DE	JRUD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	2.14	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.94	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.83	-0.18

Drawdowns

USUE.DE vs. JRUD.DE - Drawdown Comparison

The maximum USUE.DE drawdown since its inception was -35.36%, roughly equal to the maximum JRUD.DE drawdown of -34.16%. Use the drawdown chart below to compare losses from any high point for USUE.DE and JRUD.DE.

Drawdown Indicators

	USUE.DE	JRUD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-35.36%	-34.16%	-1.20%
Max Drawdown (1Y) Largest decline over 1 year	-4.86%	-6.86%	+2.00%
Max Drawdown (3Y) Largest decline over 3 years	-20.79%	-23.42%	+2.63%
Max Drawdown (5Y) Largest decline over 5 years	-20.79%	-23.42%	+2.63%
Current Drawdown Current decline from peak	0.00%	-0.48%	+0.48%
Average Drawdown Average peak-to-trough decline	-5.53%	-4.95%	-0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	1.84%	-0.33%

Volatility

USUE.DE vs. JRUD.DE - Volatility Comparison

UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc (USUE.DE) has a higher volatility of 2.84% compared to JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRUD.DE) at 2.56%. This indicates that USUE.DE's price experiences larger fluctuations and is considered to be riskier than JRUD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USUE.DE	JRUD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	2.56%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	7.98%	7.41%	+0.57%
Volatility (1Y) Calculated over the trailing 1-year period	11.34%	11.40%	-0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.42%	15.31%	-0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.33%	17.76%	-0.43%

USUE.DE vs. JRUD.DE - Expense Ratio Comparison

USUE.DE has a 0.25% expense ratio, which is higher than JRUD.DE'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

USUE.DE vs. JRUD.DE - Dividend Comparison

USUE.DE has not paid dividends to shareholders, while JRUD.DE's dividend yield for the trailing twelve months is around 0.58%.

Position	TTM	2025	2024	2023	2022	2021
JRUD.DE JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	0.58%	0.57%	0.44%	0.78%	0.88%	0.65%
USUE.DE UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USUE.DE and JRUD.DE in my portfolio?

USUE.DE and JRUD.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USUE.DE or JRUD.DE?

On fees, JRUD.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USUE.DE or JRUD.DE?

JRUD.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for USUE.DE.

What is the main difference between USUE.DE and JRUD.DE?

USUE.DE tracks MSCI USA Select Factor Mix, while JRUD.DE tracks JP Morgan US Research Enhanced Index Equity (ESG). They also come from different issuers: UBS and JPMorgan. Their fees differ too: 0.25% for USUE.DE and 0.20% for JRUD.DE.