ETF comparison

VUSA vs JREU

Vanguard S&P 500 UCITS ETF (USD) Distributing
IE00B3XXRP09Vanguard
JPM US Research Enhanced Index Equity Active UCITS ETF - USD (acc)
IE00BF4G7076J.P. Morgan Asset Management
Figures as of September 30, 2026 (VUSA) · October 2, 2026 (JREU)

The comparison in short

VUSA (Vanguard S&P 500 UCITS ETF (USD) Distributing, IE00B3XXRP09) and JREU (JPM US Research Enhanced Index Equity Active UCITS ETF - USD (acc), IE00BF4G7076) both track the S&P 500 index. VUSA has the lower total expense ratio (TER): 0.07% a year against 0.20% for JREU, 0.13 percentage points less, or about 13 a year on 10,000 invested. VUSA is the larger fund, with USD 88.97bn in assets against USD 15.8bn for JREU, about 5.6 times the size. VUSA reports 512 holdings and JREU 259. 9 of the holdings published by VUSA (top 10) and JREU (top 50) appear in both lists; measured on those published positions only, the overlap is at least 37.5%. Shared holdings include NVIDIA Corp., Apple Inc., Microsoft Corp., Alphabet Inc. and Amazon.com Inc.. In 2025, VUSA returned +17.6% and JREU +16.5%, a gap of 1.1 percentage points. Over 5 years, VUSA returned +13.5% a year and JREU +12.4% a year. JREU reinvests its income (accumulating), while VUSA pays it out (distributing). Both are domiciled in Ireland. VUSA and JREU both carry a risk indicator (SRRI) of 4 on the 1–7 scale. This is a factual comparison from the fund houses' documents, not investment advice.

Side by side

FigureVUSAJREU
ISINIE00B3XXRP09IE00BF4G7076
Exchange tickersVUSA, VUSDJREU, JURE
Fund houseVanguardJ.P. Morgan Asset Management
Total expense ratio (TER)0.07%0.2%
Ongoing charges (KID)0.07%0.2%
Fund sizeUSD 88.97bnUSD 15.8bn
Launch dateMay 22, 2012October 10, 2018
ReplicationPhysical—
DomicileIrelandIreland
Distribution policyDistributingAccumulating
Share class currencyUSDUSD
Number of holdings512259
Risk indicator (SRRI)4 / 74 / 7
SFDR classification—Article 8
BenchmarkS&P 500 Net Total ReturnStandard & Poor's (S&P) 500 Index (Total Return Net)

Performance

Calendar-year returns

YearVUSAJREUDifference
2025+17.6%+16.5%+1.1
2024+24.7%+24.5%+0.2
2023+25.9%+27.6%−1.7
2022−18.3%−18.8%+0.5
2021+28.4%+29.9%−1.5
2020+18.0%+19.9%−1.9

Annualised returns

PeriodVUSAJREUDifference
1 year+15.5%+19.3%−3.8
3 years+22.6%+20.1%+2.5
5 years+13.5%+12.4%+1.1
Returns as published by each fund house, in each share class's currency and net of the fund's charges. The difference is in percentage points. Past performance does not predict future returns.

Holdings

9 of the holdings published by VUSA (top 10) and JREU (top 50) appear in both lists; measured on those published positions only, the overlap is at least 37.5%. Shared holdings include NVIDIA Corp., Apple Inc., Microsoft Corp., Alphabet Inc. and Amazon.com Inc..

Top 10 holdings of VUSA

#HoldingWeight
1
NVIDIA Corp.In both
8.10%
2
Apple Inc.In both
7.00%
3
Microsoft Corp.In both
5.70%
4
Alphabet Inc.In both
5.40%
5
Amazon.com Inc.In both
3.80%
6
Broadcom Inc.In both
2.70%
7
Meta Platforms Inc.In both
1.90%
8
Micron Technology Inc.In both
1.60%
9
Tesla Inc.In both
1.60%
10
JPMorgan Chase & Co.
1.40%

Top 10 holdings of JREU

#HoldingWeight
1
NVIDIA CORPIn both
8.94%
2
APPLE INCIn both
7.10%
3
MICROSOFT CORPIn both
6.29%
4
AMAZON.COM INCIn both
4.07%
5
ALPHABET INC-CL AIn both
3.08%
6
BROADCOM INCIn both
2.64%
7
META PLATFORMS INC-CLASS AIn both
2.53%
8
ALPHABET INC-CL CIn both
2.41%
9
MICRON TECHNOLOGY INCIn both
1.96%
10
ADVANCED MICRO DEVICES
1.55%
Compare every published holding of VUSA and JREU in the overlap checker

Sectors and countries

Largest sectors of VUSA

  1. Information Technology37.9%
  2. Financials12.3%
  3. Communication Services9.5%
  4. Health Care9.3%
  5. Consumer Discretionary9.1%
  6. Industrials8.3%
+ 4 more

Largest sectors of JREU

  1. Hardware & Semiconductors28.0%
  2. Media14.4%
  3. Software & Services9.4%
  4. Industrial Cyclicals9.1%
  5. Pharm/MedTech7.5%
  6. Banks & Brokers5.5%
+ 12 more

Largest countries of VUSA

  1. United States99.9%
  2. United Kingdom0.1%

Largest countries of JREU

  1. United States95.9%
  2. Ireland3.2%
  3. Netherlands0.4%
  4. Switzerland0.3%
  5. Jersey0.1%

Frequently asked questions

What is the difference between VUSA and JREU?

VUSA (Vanguard S&P 500 UCITS ETF (USD) Distributing, IE00B3XXRP09) and JREU (JPM US Research Enhanced Index Equity Active UCITS ETF - USD (acc), IE00BF4G7076) both track the S&P 500 index. VUSA has the lower total expense ratio (TER): 0.07% a year against 0.20% for JREU, 0.13 percentage points less, or about 13 a year on 10,000 invested. JREU reinvests its income (accumulating), while VUSA pays it out (distributing). Both are domiciled in Ireland. This is a factual comparison from the fund houses' documents, not investment advice.

Which is cheaper, VUSA or JREU?

VUSA has the lower total expense ratio (TER): 0.07% a year against 0.20% for JREU, 0.13 percentage points less, or about 13 a year on 10,000 invested. Their key information documents state ongoing charges of 0.07% for VUSA and 0.20% for JREU.

Which is bigger, VUSA or JREU?

VUSA is the larger fund, with USD 88.97bn in assets against USD 15.8bn for JREU, about 5.6 times the size.

Do VUSA and JREU hold the same companies?

9 of the holdings published by VUSA (top 10) and JREU (top 50) appear in both lists; measured on those published positions only, the overlap is at least 37.5%. Shared holdings include NVIDIA Corp., Apple Inc., Microsoft Corp., Alphabet Inc. and Amazon.com Inc..

How did VUSA and JREU perform in 2025?

In 2025, VUSA returned +17.6% and JREU +16.5%, a gap of 1.1 percentage points. Over 5 years, VUSA returned +13.5% a year and JREU +12.4% a year. Over the past year, VUSA returned +15.5% and JREU +19.3%. Past performance does not predict future returns.

Are VUSA and JREU accumulating or distributing?

VUSA is distributing: it pays its income out to investors. JREU is accumulating: it reinvests its income in the fund.

Go further

Other comparisons

Figures are read from the documents each fund house publishes (product page, factsheet, key information document, holdings file) and refreshed weekly. Names and tickers identify the products; FundFacts API is independent of every fund house and index provider. This comparison is factual information, not investment advice or a recommendation to buy or sell either fund.