IAEX.L vs. JREE.L
IAEX.L (iShares AEX UCITS ETF EUR (Dist)) and JREE.L (JPMorgan Europe Research Enhanced Index Equity UCITS ETF - EUR (acc)) are both Europe Equities funds - IAEX.L tracks the Euronext AEX All Share TR EUR while JREE.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, IAEX.L returned 10.66%/yr vs 10.07%/yr for JREE.L. Their correlation of 0.84 suggests significant overlap in exposure. IAEX.L charges 0.30%/yr vs 0.25%/yr for JREE.L.
Performance
IAEX.L vs. JREE.L - Performance Comparison
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Different Trading Currencies
IAEX.L is traded in GBp, while JREE.L is traded in EUR. To make them comparable, the JREE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IAEX.L achieves a 10.82% return, which is significantly higher than JREE.L's 6.74% return.
IAEX.L
- 1D
- 0.41%
- 1M
- 4.18%
- YTD
- 10.82%
- 6M
- 10.84%
- 1Y
- 19.37%
- 3Y*
- 14.11%
- 5Y*
- 10.66%
- 10Y*
- 12.93%
JREE.L
- 1D
- 0.59%
- 1M
- 3.49%
- YTD
- 6.74%
- 6M
- 8.53%
- 1Y
- 19.14%
- 3Y*
- 13.18%
- 5Y*
- 10.07%
- 10Y*
- —
IAEX.L vs. JREE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IAEX.L iShares AEX UCITS ETF EUR (Dist) | 10.82% | 16.56% | 9.02% | 14.52% | -5.93% | 21.34% | 11.18% | 22.17% | -5.25% |
JREE.L JPMorgan Europe Research Enhanced Index Equity UCITS ETF - EUR (acc) | 6.74% | 25.51% | 2.53% | 14.43% | -4.13% | 18.09% | 3.75% | 21.58% | -3.69% |
Correlation
The correlation between IAEX.L and JREE.L is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.84 |
The correlation between IAEX.L and JREE.L has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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Return for Risk
IAEX.L vs. JREE.L — Risk / Return Rank
IAEX.L
JREE.L
IAEX.L vs. JREE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares AEX UCITS ETF EUR (Dist) (IAEX.L) and JPMorgan Europe Research Enhanced Index Equity UCITS ETF - EUR (acc) (JREE.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.
| IAEX.L | JREE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.27 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 1.74 | +0.83 |
| Martin ratioReturn relative to average drawdown | 7.46 | 6.14 | +1.31 |
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
| IAEX.L | JREE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 1.50 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.70 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.66 | -0.41 |
Drawdowns
IAEX.L vs. JREE.L - Drawdown Comparison
The maximum IAEX.L drawdown since its inception was -63.69%, which is greater than JREE.L's maximum drawdown of -27.90%. Use the drawdown chart below to compare losses from any high point for IAEX.L and JREE.L.
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Drawdown Indicators
| IAEX.L | JREE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.69% | -27.90% | -35.79% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -10.93% | +3.43% |
Max Drawdown (3Y)Largest decline over 3 years | -12.75% | -13.58% | +0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -21.90% | -15.76% | -6.14% |
Max Drawdown (10Y)Largest decline over 10 years | -28.83% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.77% | +1.77% |
Average DrawdownAverage peak-to-trough decline | -16.55% | -3.74% | -12.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 3.11% | -0.52% |
Volatility
IAEX.L vs. JREE.L - Volatility Comparison
The current volatility for iShares AEX UCITS ETF EUR (Dist) (IAEX.L) is 3.47%, while JPMorgan Europe Research Enhanced Index Equity UCITS ETF - EUR (acc) (JREE.L) has a volatility of 4.49%. This indicates that IAEX.L experiences smaller price fluctuations and is considered to be less risky than JREE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAEX.L | JREE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 4.49% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 10.60% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.63% | 12.76% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.16% | 14.35% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.22% | 16.25% | +0.97% |
IAEX.L vs. JREE.L - Expense Ratio Comparison
IAEX.L has a 0.30% expense ratio, which is higher than JREE.L's 0.25% expense ratio.
Dividends
IAEX.L vs. JREE.L - Dividend Comparison
IAEX.L's dividend yield for the trailing twelve months is around 2.12%, while JREE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAEX.L iShares AEX UCITS ETF EUR (Dist) | 2.12% | 2.37% | 2.57% | 2.43% | 2.56% | 1.84% | 1.57% | 3.29% | 3.54% | 3.09% | 3.34% | 3.94% |
JREE.L JPMorgan Europe Research Enhanced Index Equity UCITS ETF - EUR (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IAEX.L and JREE.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JREE.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREE.L is cheaper with a 0.25% expense ratio, compared with 0.30% for IAEX.L.
IAEX.L tracks Euronext AEX All Share TR EUR, while JREE.L tracks MSCI Europe NR EUR. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.30% for IAEX.L and 0.25% for JREE.L.
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