- Issuer
- ETF Issuer
- Inception Date
- Sep 6, 2023
- Category
- Europe Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
JRZD.L Performance Chart
JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis) (JRZD.L) is up 12.1% since the beginning of the year. JRZD.L is currently trading at €40 per share.
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Returns By Period
JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis) (JRZD.L) has returned 12.09% so far this year and 22.35% over the past 12 months.
JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis)
- 1D
- -0.33%
- 1M
- 0.09%
- 6M
- 8.35%
- YTD
- 12.09%
- 1Y
- 22.35%
- 3Y*
- 15.94%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.09%
- 1M
- 1.27%
- 6M
- 10.98%
- YTD
- 13.27%
- 1Y
- 22.64%
- 3Y*
- 18.04%
- 5Y*
- 12.49%
- 10Y*
- 12.92%
JRZD.L Monthly Returns History
Based on dividend-adjusted daily data since May 4, 2022, JRZD.L's average daily return is +0.06%, while the average monthly return is +1.26%. At this rate, an investment would double in approximately 4.6 years.
Historically, 67% of months were positive and 33% were negative. The best month was Jan 2023 with a return of +9.3%, while the worst month was Jun 2022 at -9.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, JRZD.L closed higher 53% of trading days. The best single day was Apr 8, 2026 with a return of +4.5%, while the worst single day was Apr 7, 2025 at -4.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.50% | 3.93% | -8.73% | 6.32% | 3.99% | 4.83% | -1.49% | 12.09% | |||||
| 2025 | 7.01% | 3.50% | -2.55% | -0.47% | 5.37% | -0.82% | 0.87% | 0.30% | 2.63% | 2.44% | 0.97% | 2.17% | 23.20% |
| 2024 | 1.78% | 3.83% | 3.79% | -1.80% | 2.70% | -2.27% | 0.57% | 1.62% | 1.04% | -4.00% | -0.07% | 1.38% | 8.54% |
| 2023 | 9.29% | 1.64% | 0.92% | 1.59% | -2.06% | 4.16% | 1.75% | -3.26% | -3.41% | -3.02% | 8.31% | 3.51% | 20.11% |
| 2022 | 1.81% | -9.19% | 8.06% | -5.11% | -6.03% | 7.25% | 8.74% | -2.88% | 0.90% |
Benchmark Metrics
JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis) has an annualized alpha of 11.61%, beta of 0.35, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since May 04, 2022.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (83.84%) than losses (65.39%) - typical of diversified or defensive assets.
- Beta of 0.35 may look defensive, but with R2 of 0.14 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.14 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 11.61%
- Beta
- 0.35
- R²
- 0.14
- Upside Capture
- 83.84%
- Downside Capture
- 65.39%
Return for Risk
Risk / Return Rank
JRZD.L ranks 58 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis) (JRZD.L) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JRZD.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 3.01 | -0.76 |
| Martin ratioReturn relative to average drawdown | 8.24 | 11.10 | -2.86 |
Dividends
Dividend History
JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis) provided a 2.30% dividend yield over the last twelve months, with an annual payout of €0.91 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | €0.91 | €0.94 | €0.82 | €0.92 | €0.43 |
Dividend yield | 2.30% | 2.59% | 2.73% | 3.21% | 1.76% |
Monthly Dividends
The table displays the monthly dividend distributions for JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis). The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | €0.10 | €0.00 | €0.00 | €0.09 | €0.00 | €0.00 | €0.65 | €0.84 | |||||
| 2025 | €0.09 | €0.00 | €0.00 | €0.13 | €0.00 | €0.00 | €0.64 | €0.00 | €0.00 | €0.08 | €0.00 | €0.00 | €0.94 |
| 2024 | €0.14 | €0.00 | €0.00 | €0.27 | €0.00 | €0.00 | €0.36 | €0.00 | €0.00 | €0.06 | €0.00 | €0.00 | €0.82 |
| 2023 | €0.09 | €0.00 | €0.00 | €0.72 | €0.00 | €0.00 | €0.05 | €0.00 | €0.00 | €0.07 | €0.00 | €0.00 | €0.92 |
| 2022 | €0.38 | €0.00 | €0.00 | €0.06 | €0.00 | €0.00 | €0.43 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis) was 14.99%, occurring on Sep 29, 2022. Recovery took 38 trading sessions.
The current JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis) drawdown is 2.49%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-14.99%Sep 2022 | 4mo 1d | 1mo 24d | 5mo 25dMay 2022 - Nov 2022 | Bear market2022 |
-14.78%Apr 2025 | 1mo 3d | 1mo 4d | 2mo 7dMar 2025 - May 2025 | 2025 selloff2025 |
-10.59%Oct 2023 | 2mo 28d | 1mo 10d | 4mo 8dJul 2023 - Dec 2023 | — |
-10.30%Mar 2026 | 22d | 2mo 3d | 2mo 25dFeb 2026 - May 2026 | — |
-9.53%Aug 2024 | 2mo 21d | 1mo 23d | 4mo 14dMay 2024 - Sep 2024 | — |
Drawdown Indicators
| JRZD.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.99% | -51.17% | +36.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.30% | -7.57% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -14.78% | -23.99% | +9.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.99% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -2.49% | -0.52% | -1.97% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -8.90% | +6.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 2.04% | +0.77% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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