ETF comparison

JREU vs VUAA

JPM US Research Enhanced Index Equity Active UCITS ETF - USD (acc)
IE00BF4G7076J.P. Morgan Asset Management
Vanguard S&P 500 UCITS ETF (USD) Accumulating
IE00BFMXXD54Vanguard
Figures as of October 2, 2026 (JREU) · September 30, 2026 (VUAA)

The comparison in short

JREU (JPM US Research Enhanced Index Equity Active UCITS ETF - USD (acc), IE00BF4G7076) and VUAA (Vanguard S&P 500 UCITS ETF (USD) Accumulating, IE00BFMXXD54) both track the S&P 500 index. VUAA 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. VUAA is the larger fund, with USD 89,226m in assets against USD 15.8bn for JREU, about 5.6 times the size. JREU reports 259 holdings and VUAA 512. 9 of the holdings published by JREU (top 50) and VUAA (top 10) 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-CL A and AMAZON.COM INC. In 2025, JREU returned +16.5% and VUAA +17.6%, a gap of 1.1 percentage points. Over 5 years, JREU returned +12.4% a year and VUAA +13.5% a year. JREU and VUAA both reinvest their income (accumulating share classes). Both are domiciled in Ireland. JREU and VUAA 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

FigureJREUVUAA
ISINIE00BF4G7076IE00BFMXXD54
Exchange tickersJREU, JUREVUAA, VUAG
Fund houseJ.P. Morgan Asset ManagementVanguard
Total expense ratio (TER)0.2%0.07%
Ongoing charges (KID)0.2%0.07%
Fund sizeUSD 15.8bnUSD 89,226m
Launch dateOctober 10, 2018May 14, 2019
Replication—Physical
DomicileIrelandIreland
Distribution policyAccumulatingAccumulating
Share class currencyUSDUSD
Number of holdings259512
Risk indicator (SRRI)4 / 74 / 7
SFDR classificationArticle 8—
BenchmarkStandard & Poor's (S&P) 500 Index (Total Return Net)S&P 500 Net Total Return

Performance

Calendar-year returns

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

Annualised returns

PeriodJREUVUAADifference
1 year+19.3%+15.5%+3.8
3 years+20.1%+22.6%−2.5
5 years+12.4%+13.5%−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 JREU (top 50) and VUAA (top 10) 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-CL A and AMAZON.COM INC.

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%

Top 10 holdings of VUAA

#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%
Compare every published holding of JREU and VUAA in the overlap checker

Sectors and countries

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 sectors of VUAA

  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 countries of JREU

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

Largest countries of VUAA

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

Frequently asked questions

What is the difference between JREU and VUAA?

JREU (JPM US Research Enhanced Index Equity Active UCITS ETF - USD (acc), IE00BF4G7076) and VUAA (Vanguard S&P 500 UCITS ETF (USD) Accumulating, IE00BFMXXD54) both track the S&P 500 index. VUAA 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 and VUAA both reinvest their income (accumulating share classes). Both are domiciled in Ireland. This is a factual comparison from the fund houses' documents, not investment advice.

Which is cheaper, JREU or VUAA?

VUAA 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 0.20% for JREU and 0.07% for VUAA.

Which is bigger, JREU or VUAA?

VUAA is the larger fund, with USD 89,226m in assets against USD 15.8bn for JREU, about 5.6 times the size.

Do JREU and VUAA hold the same companies?

9 of the holdings published by JREU (top 50) and VUAA (top 10) 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-CL A and AMAZON.COM INC.

How did JREU and VUAA perform in 2025?

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

Are JREU and VUAA accumulating or distributing?

JREU is accumulating: it reinvests its income in the fund. VUAA 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.