HBKU.L vs. JRZD.L
HBKU.L ([](/symbol/HBKU.L)) and JRZD.L (JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis)) are both exchange-traded funds - HBKU.L is a Global Equities fund managed by ETF Issuer, while JRZD.L is a Europe Equities fund actively managed by ETF Issuer. Over the past year, HBKU.L returned 4.26% vs 21.38% for JRZD.L. At a 0.21 correlation, their price movements are largely independent.
Performance
HBKU.L vs. JRZD.L - Performance Comparison
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Different Trading Currencies
HBKU.L is traded in USD, while JRZD.L is traded in EUR. To make them comparable, the JRZD.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HBKU.L achieves a 0.37% return, which is significantly lower than JRZD.L's 9.85% return.
HBKU.L
- 1D
- 0.37%
- 1M
- 0.10%
- 6M
- 0.63%
- YTD
- 0.37%
- 1Y
- 4.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JRZD.L
- 1D
- 0.00%
- 1M
- -0.59%
- 6M
- 7.10%
- YTD
- 9.85%
- 1Y
- 21.38%
- 3Y*
- 16.89%
- 5Y*
- —
- 10Y*
- —
HBKU.L vs. JRZD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HBKU.L | 0.37% | 7.38% | 2.88% | 4.00% |
JRZD.L JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis) | 9.85% | 39.75% | 1.83% | 9.43% |
Correlation
The correlation between HBKU.L and JRZD.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2023 | 0.21 |
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Return for Risk
HBKU.L vs. JRZD.L — Risk / Return Rank
HBKU.L
JRZD.L
HBKU.L vs. JRZD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for (HBKU.L) and JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis) (JRZD.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.
| HBKU.L | JRZD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.24 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 1.77 | -0.53 |
| Martin ratioReturn relative to average drawdown | 3.86 | 6.21 | -2.35 |
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Drawdowns
HBKU.L vs. JRZD.L - Drawdown Comparison
The maximum HBKU.L drawdown since its inception was -3.43%, smaller than the maximum JRZD.L drawdown of -22.84%. Use the drawdown chart below to compare losses from any high point for HBKU.L and JRZD.L.
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Drawdown Indicators
| HBKU.L | JRZD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.43% | -22.84% | +19.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -12.32% | +8.89% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.48% | — |
Current DrawdownCurrent decline from peak | -1.01% | -1.87% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -0.75% | -4.31% | +3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 3.51% | -2.41% |
Volatility
HBKU.L vs. JRZD.L - Volatility Comparison
The current volatility for (HBKU.L) is 0.85%, while JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis) (JRZD.L) has a volatility of 4.74%. This indicates that HBKU.L experiences smaller price fluctuations and is considered to be less risky than JRZD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBKU.L | JRZD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 4.74% | -3.89% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 14.12% | -10.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 16.67% | -12.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.63% | 18.92% | -15.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.63% | 18.92% | -15.29% |
Dividends
HBKU.L vs. JRZD.L - Dividend Comparison
HBKU.L has not paid dividends to shareholders, while JRZD.L's dividend yield for the trailing twelve months is around 2.30%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HBKU.L | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JRZD.L JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis) | 2.30% | 2.59% | 2.73% | 3.21% | 1.76% |
Frequently Asked Questions
HBKU.L and JRZD.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBKU.L is categorized as Global Equities, while JRZD.L is Europe Equities.
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