ESEM.L vs. JRDM.L

Last updated Jun 5, 2026

ESEM.L (Invesco MSCI Emerging Markets Universal Screened UCITS ETF Acc) and JRDM.L (JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)) are both Emerging Markets Equities funds - ESEM.L tracks the MSCI EM (Emerging Markets) Universal Select Business Screens Index while JRDM.L tracks the MSCI EM NR USD. Both are passively managed. Over the past year, ESEM.L returned 52.29% vs 58.51% for JRDM.L. A 0.57 correlation means they provide meaningful diversification when combined. ESEM.L charges 0.19%/yr vs 0.30%/yr for JRDM.L.

Performance

ESEM.L vs. JRDM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI Emerging Markets Universal Screened UCITS ETF Acc (ESEM.L) and JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRDM.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ESEM.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

The year-to-date returns for both investments are quite close, with ESEM.L having a 27.82% return and JRDM.L slightly higher at 28.82%.

ESEM.L

• 1D: -1.43%
• 1M: 7.41%
• YTD: 27.82%
• 6M: 30.89%
• 1Y: 52.29%
• 3Y*: 23.60%
• 5Y*: —
• 10Y*: —

JRDM.L

• 1D: -1.48%
• 1M: 5.78%
• YTD: 28.82%
• 6M: 32.34%
• 1Y: 58.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ESEM.L vs. JRDM.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ESEM.L Invesco MSCI Emerging Markets Universal Screened UCITS ETF Acc	27.82%	33.08%	5.76%	-0.04%
JRDM.L JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	28.83%	35.06%	15.28%	-7.96%

Correlation

The correlation between ESEM.L and JRDM.L is 0.86, 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	0.86
Correlation (All Time) Calculated using the full available price history since Jul 25, 2023	0.57

Over the past year, ESEM.L and JRDM.L have become more correlated (0.86) than their long-term average of 0.57, meaning their price movements have been converging.

ESEM.L vs. JRDM.L - Sectors Allocation Comparison

Sectors	ESEM.L	JRDM.L
Technology	41.4%	37.5%
Financial Services	25.1%	20.3%
Consumer Cyclical	7.7%	10.7%
Communication Services	6.2%	7.3%
Basic Materials	4.7%	5.9%
Industrials	4.5%	6.8%
Healthcare	2.7%	2.7%
Energy	2.7%	4.5%
Consumer Defensive	2.6%	2.5%
Utilities	1.2%	1.6%
Real Estate	0.9%	0.4%

Return for Risk

ESEM.L vs. JRDM.L — Risk / Return Rank

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

ESEM.L

ESEM.L Risk / Return Rank: 80
ESEM.L Sharpe Ratio Rank: 82
ESEM.L Sortino Ratio Rank: 80
ESEM.L Omega Ratio Rank: 82
ESEM.L Calmar Ratio Rank: 79
ESEM.L Martin Ratio Rank: 79

JRDM.L

JRDM.L Risk / Return Rank: 94
JRDM.L Sharpe Ratio Rank: 95
JRDM.L Sortino Ratio Rank: 94
JRDM.L Omega Ratio Rank: 95
JRDM.L Calmar Ratio Rank: 93
JRDM.L Martin Ratio Rank: 91

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.

ESEM.L vs. JRDM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Emerging Markets Universal Screened UCITS ETF Acc (ESEM.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.

	ESEM.L	JRDM.L	Difference
Sharpe ratio: Return per unit of total volatility	2.63	3.33	-0.70
Sortino ratio: Return per unit of downside risk	3.52	4.34	-0.83
Omega ratio: Gain probability vs. loss probability	1.48	1.58	-0.10
Calmar ratio: Return relative to maximum drawdown	4.02	5.11	-1.09
Martin ratio: Return relative to average drawdown	15.05	18.41	-3.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESEM.L vs. JRDM.L - Sharpe Ratio Comparison

The current ESEM.L Sharpe Ratio is 2.63, which is comparable to the JRDM.L Sharpe Ratio of 3.33. The chart below compares the historical Sharpe Ratios of ESEM.L and JRDM.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

	ESEM.L	JRDM.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	3.33	-0.70
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	2.05	-1.62

Drawdowns

ESEM.L vs. JRDM.L - Drawdown Comparison

The maximum ESEM.L drawdown since its inception was -35.55%, which is greater than JRDM.L's maximum drawdown of -16.06%. Use the drawdown chart below to compare losses from any high point for ESEM.L and JRDM.L.

Drawdown Indicators

	ESEM.L	JRDM.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.55%	-16.06%	-19.49%
Max Drawdown (1Y) Largest decline over 1 year	-12.94%	-12.79%	-0.15%
Max Drawdown (3Y) Largest decline over 3 years	-16.51%	—	—
Current Drawdown Current decline from peak	-2.48%	-2.66%	+0.18%
Average Drawdown Average peak-to-trough decline	-14.38%	-2.93%	-11.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	3.41%	+0.05%

Volatility

ESEM.L vs. JRDM.L - Volatility Comparison

Invesco MSCI Emerging Markets Universal Screened UCITS ETF Acc (ESEM.L) has a higher volatility of 9.02% compared to JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRDM.L) at 8.41%. This indicates that ESEM.L's price experiences larger fluctuations and is considered to be riskier than JRDM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESEM.L	JRDM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.02%	8.41%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	17.42%	16.19%	+1.23%
Volatility (1Y) Calculated over the trailing 1-year period	19.87%	19.65%	+0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.14%	23.26%	-4.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.14%	23.26%	-4.12%

ESEM.L vs. JRDM.L - Expense Ratio Comparison

ESEM.L has a 0.19% expense ratio, which is lower than JRDM.L's 0.30% expense ratio.

Dividends

ESEM.L vs. JRDM.L - Dividend Comparison

ESEM.L has not paid dividends to shareholders, while JRDM.L's dividend yield for the trailing twelve months is around 1.48%.

Position	TTM	2025	2024	2023
ESEM.L Invesco MSCI Emerging Markets Universal Screened UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%
JRDM.L JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	1.48%	1.94%	2.24%	1.65%

Frequently Asked Questions

Can I hold both ESEM.L and JRDM.L in my portfolio?

ESEM.L and JRDM.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESEM.L or JRDM.L?

On fees, ESEM.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESEM.L or JRDM.L?

ESEM.L is cheaper with a 0.19% expense ratio, compared with 0.30% for JRDM.L.

What is the main difference between ESEM.L and JRDM.L?

ESEM.L tracks MSCI EM (Emerging Markets) Universal Select Business Screens Index, while JRDM.L tracks MSCI EM NR USD. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.19% for ESEM.L and 0.30% for JRDM.L.