AVEM.L vs. JRDM.L
AVEM.L (Avantis Emerging Markets Equity UCITS ETF USD Acc) and JRDM.L (JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)) are both Emerging Markets Equities funds. AVEM.L is actively managed, while JRDM.L is passively managed. Over the past year, AVEM.L returned 37.78% vs 3742.69% for JRDM.L. Their correlation of 0.90 suggests significant overlap in exposure. AVEM.L charges 0.35%/yr vs 0.30%/yr for JRDM.L.
Performance
AVEM.L vs. JRDM.L - Performance Comparison
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Different Trading Currencies
AVEM.L is traded in USD, while JRDM.L is traded in GBp. To make them comparable, the JRDM.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AVEM.L achieves a 16.34% return, which is significantly lower than JRDM.L's 23.07% return.
AVEM.L
- 1D
- -1.11%
- 1M
- -2.81%
- YTD
- 16.34%
- 6M
- 18.51%
- 1Y
- 37.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JRDM.L
- 1D
- -4.47%
- 1M
- -1.23%
- YTD
- 23.07%
- 6M
- 24.96%
- 1Y
- 3,742.69%
- 3Y*
- 367.13%
- 5Y*
- —
- 10Y*
- —
AVEM.L vs. JRDM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVEM.L Avantis Emerging Markets Equity UCITS ETF USD Acc | 16.34% | 26.19% |
JRDM.L JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) | 23.07% | 6,896.18% |
Correlation
The correlation between AVEM.L and JRDM.L is 0.90, 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 | 0.90 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2025 | 0.90 |
The correlation between AVEM.L and JRDM.L has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.
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Return for Risk
AVEM.L vs. JRDM.L — Risk / Return Rank
AVEM.L
JRDM.L
AVEM.L vs. JRDM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEM.L) and JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRDM.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.
| AVEM.L | JRDM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -96.96 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 14.63 | -13.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 288.32 | -285.42 |
| Martin ratioReturn relative to average drawdown | 11.01 | 1,069.67 | -1,058.66 |
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
| AVEM.L | JRDM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 3.36 | -1.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.91 | 0.27 | +1.64 |
Drawdowns
AVEM.L vs. JRDM.L - Drawdown Comparison
The maximum AVEM.L drawdown since its inception was -13.87%, smaller than the maximum JRDM.L drawdown of -52.52%. Use the drawdown chart below to compare losses from any high point for AVEM.L and JRDM.L.
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Drawdown Indicators
| AVEM.L | JRDM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.87% | -52.52% | +38.65% |
Max Drawdown (1Y)Largest decline over 1 year | -13.05% | -12.79% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.06% | — |
Current DrawdownCurrent decline from peak | -7.02% | -7.01% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -2.11% | -30.02% | +27.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 3.45% | -0.02% |
Volatility
AVEM.L vs. JRDM.L - Volatility Comparison
The current volatility for Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEM.L) is 7.97%, while JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRDM.L) has a volatility of 9.32%. This indicates that AVEM.L experiences smaller price fluctuations and is considered to be less risky than JRDM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVEM.L | JRDM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.97% | 9.32% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 15.98% | 16.88% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.86% | 1,098.51% | -1,079.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 511.60% | -491.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.86% | 511.60% | -491.74% |
AVEM.L vs. JRDM.L - Expense Ratio Comparison
AVEM.L has a 0.35% expense ratio, which is higher than JRDM.L's 0.30% expense ratio.
Dividends
AVEM.L vs. JRDM.L - Dividend Comparison
AVEM.L has not paid dividends to shareholders, while JRDM.L's dividend yield for the trailing twelve months is around 107.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AVEM.L Avantis Emerging Markets Equity UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JRDM.L JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) | 107.52% | 171.80% | 2.24% | 2.42% | 3.34% |
Frequently Asked Questions
AVEM.L and JRDM.L have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JRDM.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JRDM.L is cheaper with a 0.30% expense ratio, compared with 0.35% for AVEM.L.
They also come from different issuers: Avantis and JPMorgan. Their fees differ too: 0.35% for AVEM.L and 0.30% for JRDM.L.
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