EMUM.L vs. JRDZ.L
EMUM.L (iShares MSCI EMU Mid Cap UCITS ETF EUR (Acc)) and JRDZ.L (JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)) are both Europe Equities funds - EMUM.L tracks the MSCI EMU Mid Cap Net Index while JRDZ.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 3 years, EMUM.L returned 19.92%/yr vs 39.61%/yr for JRDZ.L. At a 0.33 correlation, their price movements are largely independent. EMUM.L charges 0.49%/yr vs 0.25%/yr for JRDZ.L.
Performance
EMUM.L vs. JRDZ.L - Performance Comparison
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Different Trading Currencies
EMUM.L is traded in EUR, while JRDZ.L is traded in GBp. To make them comparable, the JRDZ.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EMUM.L achieves a 13.16% return, which is significantly lower than JRDZ.L's 97.16% return.
EMUM.L
- 1D
- -0.66%
- 1M
- 0.95%
- 6M
- 10.50%
- YTD
- 13.16%
- 1Y
- 20.57%
- 3Y*
- 19.92%
- 5Y*
- —
- 10Y*
- —
JRDZ.L
- 1D
- 0.00%
- 1M
- 0.68%
- 6M
- 18,962.08%
- YTD
- 97.16%
- 1Y
- 21,436.91%
- 3Y*
- 39.61%
- 5Y*
- —
- 10Y*
- —
EMUM.L vs. JRDZ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EMUM.L iShares MSCI EMU Mid Cap UCITS ETF EUR (Acc) | 13.16% | 31.38% | 11.63% | 9.56% | -6.85% |
JRDZ.L JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) | 97.16% | 23.21% | 8.35% | 20.31% | -14.04% |
Correlation
The correlation between EMUM.L and JRDZ.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2022 | 0.33 |
Over the past year, EMUM.L and JRDZ.L have become more correlated (0.60) than their long-term average of 0.33, meaning their price movements have been converging.
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Return for Risk
EMUM.L vs. JRDZ.L — Risk / Return Rank
EMUM.L
JRDZ.L
EMUM.L vs. JRDZ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Mid Cap UCITS ETF EUR (Acc) (EMUM.L) and JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDZ.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.
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.
| EMUM.L | JRDZ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | -315.85 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 103.68 | -102.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 226.01 | -223.29 |
| Martin ratioReturn relative to average drawdown | 9.65 | 326.77 | -317.12 |
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Drawdowns
EMUM.L vs. JRDZ.L - Drawdown Comparison
The maximum EMUM.L drawdown since its inception was -23.13%, smaller than the maximum JRDZ.L drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for EMUM.L and JRDZ.L.
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Drawdown Indicators
| EMUM.L | JRDZ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.13% | -99.03% | +75.90% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -99.03% | +91.16% |
Max Drawdown (3Y)Largest decline over 3 years | -14.40% | -99.03% | +84.63% |
Current DrawdownCurrent decline from peak | -1.26% | -1.93% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -17.86% | +15.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 68.23% | -66.02% |
Volatility
EMUM.L vs. JRDZ.L - Volatility Comparison
The current volatility for iShares MSCI EMU Mid Cap UCITS ETF EUR (Acc) (EMUM.L) is 3.11%, while JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDZ.L) has a volatility of 4.34%. This indicates that EMUM.L experiences smaller price fluctuations and is considered to be less risky than JRDZ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMUM.L | JRDZ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 4.34% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 10.59% | 1,035.15% | -1,024.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.17% | 29,417.30% | -29,404.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.57% | 14,477.81% | -14,452.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.57% | 14,477.81% | -14,452.24% |
EMUM.L vs. JRDZ.L - Expense Ratio Comparison
EMUM.L has a 0.49% expense ratio, which is higher than JRDZ.L's 0.25% expense ratio.
Dividends
EMUM.L vs. JRDZ.L - Dividend Comparison
EMUM.L has not paid dividends to shareholders, while JRDZ.L's dividend yield for the trailing twelve months is around 2.30%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EMUM.L iShares MSCI EMU Mid Cap UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JRDZ.L JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) | 2.30% | 2.55% | 2.80% | 3.25% | 1.69% |
Frequently Asked Questions
EMUM.L and JRDZ.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JRDZ.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JRDZ.L is cheaper with a 0.25% expense ratio, compared with 0.49% for EMUM.L.
EMUM.L tracks MSCI EMU Mid Cap Net Index, while JRDZ.L tracks MSCI EMU NR EUR. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.49% for EMUM.L and 0.25% for JRDZ.L.
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