EMIM.L vs. JGRE.L
EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and JGRE.L (JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)) are both exchange-traded funds - EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while JGRE.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, EMIM.L returned 8.76%/yr vs 13.30%/yr for JGRE.L. A 0.66 correlation means they provide meaningful diversification when combined. EMIM.L charges 0.18%/yr vs 0.25%/yr for JGRE.L.
Performance
EMIM.L vs. JGRE.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMIM.L achieves a 24.23% return, which is significantly higher than JGRE.L's 9.61% return.
EMIM.L
- 1D
- -1.35%
- 1M
- 5.54%
- YTD
- 24.23%
- 6M
- 26.48%
- 1Y
- 50.85%
- 3Y*
- 20.15%
- 5Y*
- 8.76%
- 10Y*
- 11.09%
JGRE.L
- 1D
- 0.12%
- 1M
- 4.66%
- YTD
- 9.61%
- 6M
- 10.05%
- 1Y
- 26.28%
- 3Y*
- 17.09%
- 5Y*
- 13.30%
- 10Y*
- —
EMIM.L vs. JGRE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 24.23% | 23.35% | 9.18% | 4.93% | -10.17% | 0.74% | 14.91% | 12.69% | 2.01% |
JGRE.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) | 9.61% | 11.65% | 20.63% | 18.59% | -7.77% | 25.92% | 13.21% | 23.96% | -6.01% |
Correlation
The correlation between EMIM.L and JGRE.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.66 |
The correlation between EMIM.L and JGRE.L has been stable across timeframes, ranging from 0.60 to 0.66 - a consistent structural relationship.
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Return for Risk
EMIM.L vs. JGRE.L — Risk / Return Rank
EMIM.L
JGRE.L
EMIM.L vs. JGRE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) and JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JGRE.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.
| EMIM.L | JGRE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.49 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 3.93 | +0.70 |
| Martin ratioReturn relative to average drawdown | 16.57 | 16.25 | +0.32 |
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
| EMIM.L | JGRE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.04 | 2.59 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 1.01 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.92 | -0.43 |
Drawdowns
EMIM.L vs. JGRE.L - Drawdown Comparison
The maximum EMIM.L drawdown since its inception was -31.70%, which is greater than JGRE.L's maximum drawdown of -25.31%. Use the drawdown chart below to compare losses from any high point for EMIM.L and JGRE.L.
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Drawdown Indicators
| EMIM.L | JGRE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -25.31% | -6.39% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -6.65% | -4.27% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -18.49% | +2.93% |
Max Drawdown (5Y)Largest decline over 5 years | -21.98% | -18.49% | -3.49% |
Max Drawdown (10Y)Largest decline over 10 years | -26.46% | — | — |
Current DrawdownCurrent decline from peak | -2.39% | -0.17% | -2.22% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -3.10% | -5.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 1.61% | +1.45% |
Volatility
EMIM.L vs. JGRE.L - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a higher volatility of 7.03% compared to JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JGRE.L) at 2.48%. This indicates that EMIM.L's price experiences larger fluctuations and is considered to be riskier than JGRE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMIM.L | JGRE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.03% | 2.48% | +4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 7.20% | +6.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.67% | 10.12% | +6.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.82% | 13.16% | +2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.81% | 15.06% | +2.75% |
EMIM.L vs. JGRE.L - Expense Ratio Comparison
EMIM.L has a 0.18% expense ratio, which is lower than JGRE.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EMIM.L vs. JGRE.L - Dividend Comparison
Neither EMIM.L nor JGRE.L has paid dividends to shareholders.
Frequently Asked Questions
EMIM.L and JGRE.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMIM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMIM.L is cheaper with a 0.18% expense ratio, compared with 0.25% for JGRE.L.
EMIM.L is categorized as Emerging Markets Equities, while JGRE.L is Global Equities. EMIM.L tracks MSCI EM NR USD, while JGRE.L tracks MSCI ACWI NR USD. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.18% for EMIM.L and 0.25% for JGRE.L.
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