CSWG.L vs. JRDE.L

Last updated Jun 5, 2026

CSWG.L (Amundi MSCI Switzerland UCITS ETF CHF) and JRDE.L (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)) are both Europe Equities funds - CSWG.L tracks the MSCI Switzerland NR CHF while JRDE.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 3 years, CSWG.L returned 9.05%/yr vs 13.08%/yr for JRDE.L. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

CSWG.L vs. JRDE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi MSCI Switzerland UCITS ETF CHF (CSWG.L) and JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSWG.L achieves a 3.71% return, which is significantly lower than JRDE.L's 6.47% return.

CSWG.L

• 1D: 1.34%
• 1M: 2.57%
• YTD: 3.71%
• 6M: 6.61%
• 1Y: 15.88%
• 3Y*: 9.05%
• 5Y*: 7.85%
• 10Y*: 10.09%

JRDE.L

• 1D: 0.48%
• 1M: 3.35%
• YTD: 6.47%
• 6M: 8.47%
• 1Y: 18.99%
• 3Y*: 13.08%
• 5Y*: —
• 10Y*: —

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

CSWG.L vs. JRDE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CSWG.L Amundi MSCI Switzerland UCITS ETF CHF	3.71%	23.70%	-0.86%	8.57%	-7.50%	10.70%
JRDE.L JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)	6.47%	25.66%	2.21%	14.40%	-3.79%	4.66%

Correlation

The correlation between CSWG.L and JRDE.L is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021	0.65

The correlation between CSWG.L and JRDE.L has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.

CSWG.L vs. JRDE.L - Sectors Allocation Comparison

Sectors	CSWG.L	JRDE.L
Healthcare	38.2%	13.3%
Financial Services	19.7%	23.7%
Consumer Defensive	14.7%	7.3%
Industrials	13.1%	20.4%
Basic Materials	5.8%	5.2%
Consumer Cyclical	5.7%	6.6%
Energy	2.7%	5.2%
Communication Services	1.1%	3.6%
Technology	0.8%	8.7%
Real Estate	0.7%	0.1%
Utilities	0.2%	6.0%

Return for Risk

CSWG.L vs. JRDE.L — Risk / Return Rank

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

CSWG.L

CSWG.L Risk / Return Rank: 33
CSWG.L Sharpe Ratio Rank: 36
CSWG.L Sortino Ratio Rank: 35
CSWG.L Omega Ratio Rank: 36
CSWG.L Calmar Ratio Rank: 27
CSWG.L Martin Ratio Rank: 29

JRDE.L

JRDE.L Risk / Return Rank: 41
JRDE.L Sharpe Ratio Rank: 44
JRDE.L Sortino Ratio Rank: 43
JRDE.L Omega Ratio Rank: 45
JRDE.L Calmar Ratio Rank: 35
JRDE.L Martin Ratio Rank: 39

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.

CSWG.L vs. JRDE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Switzerland UCITS ETF CHF (CSWG.L) and JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.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.

	CSWG.L	JRDE.L	Difference
Sharpe ratio: Return per unit of total volatility	1.27	1.53	-0.25
Sortino ratio: Return per unit of downside risk	1.82	2.16	-0.34
Omega ratio: Gain probability vs. loss probability	1.24	1.28	-0.05
Calmar ratio: Return relative to maximum drawdown	1.30	1.73	-0.43
Martin ratio: Return relative to average drawdown	4.16	6.00	-1.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSWG.L vs. JRDE.L - Sharpe Ratio Comparison

The current CSWG.L Sharpe Ratio is 1.27, which is comparable to the JRDE.L Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of CSWG.L and JRDE.L, 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

	CSWG.L	JRDE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	1.53	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	0.72	+0.33

Drawdowns

CSWG.L vs. JRDE.L - Drawdown Comparison

The maximum CSWG.L drawdown since its inception was -18.31%, which is greater than JRDE.L's maximum drawdown of -15.75%. Use the drawdown chart below to compare losses from any high point for CSWG.L and JRDE.L.

Drawdown Indicators

	CSWG.L	JRDE.L	Difference
Max Drawdown Largest peak-to-trough decline	-18.31%	-15.75%	-2.56%
Max Drawdown (1Y) Largest decline over 1 year	-12.52%	-10.94%	-1.58%
Max Drawdown (3Y) Largest decline over 3 years	-12.52%	-12.84%	+0.32%
Max Drawdown (5Y) Largest decline over 5 years	-16.26%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-18.31%	—	—
Current Drawdown Current decline from peak	-4.76%	-2.07%	-2.69%
Average Drawdown Average peak-to-trough decline	-4.18%	-3.73%	-0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.86%	3.16%	+0.70%

Volatility

CSWG.L vs. JRDE.L - Volatility Comparison

Amundi MSCI Switzerland UCITS ETF CHF (CSWG.L) and JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) have volatilities of 4.02% and 3.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSWG.L	JRDE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	3.98%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	10.38%	10.29%	+0.09%
Volatility (1Y) Calculated over the trailing 1-year period	12.75%	12.39%	+0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.27%	14.16%	+0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.57%	14.16%	+4.41%

CSWG.L vs. JRDE.L - Expense Ratio Comparison

Both CSWG.L and JRDE.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

CSWG.L vs. JRDE.L - Dividend Comparison

CSWG.L has not paid dividends to shareholders, while JRDE.L's dividend yield for the trailing twelve months is around 2.19%.

Position	TTM	2025	2024	2023	2022
CSWG.L Amundi MSCI Switzerland UCITS ETF CHF	0.00%	0.00%	0.00%	0.00%	0.00%
JRDE.L JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)	2.19%	2.18%	2.68%	1.11%	2.99%

Frequently Asked Questions

Can I hold both CSWG.L and JRDE.L in my portfolio?

CSWG.L and JRDE.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CSWG.L or JRDE.L?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CSWG.L or JRDE.L?

CSWG.L and JRDE.L have the same expense ratio: 0.25% per year.

What is the main difference between CSWG.L and JRDE.L?

CSWG.L tracks MSCI Switzerland NR CHF, while JRDE.L tracks MSCI Europe NR EUR. They also come from different issuers: Amundi and JPMorgan.