IEFQ.L vs. JRDE.L

Last updated Jul 19, 2026

IEFQ.L (iShares Edge MSCIope Quality Factor UCITS) and JRDE.L (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)) are both Europe Equities funds tracking the MSCI Europe NR EUR, from iShares and JPMorgan respectively. Both are passively managed. Over the past 3 years, IEFQ.L returned 9.05%/yr vs 26.33%/yr for JRDE.L. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

IEFQ.L vs. JRDE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCIope Quality Factor UCITS (IEFQ.L) and JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IEFQ.L achieves a 6.26% return, which is significantly lower than JRDE.L's 8.32% return.

IEFQ.L

• 1D: 0.04%
• 1M: -0.59%
• 6M: 2.56%
• YTD: 6.26%
• 1Y: 12.46%
• 3Y*: 9.05%
• 5Y*: 6.04%
• 10Y*: 8.48%

JRDE.L

• 1D: -0.13%
• 1M: -1.24%
• 6M: 5.19%
• YTD: 8.32%
• 1Y: 63.58%
• 3Y*: 26.33%
• 5Y*: —
• 10Y*: —

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

IEFQ.L vs. JRDE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IEFQ.L iShares Edge MSCIope Quality Factor UCITS	6.26%	14.94%	-0.69%	12.31%	-6.34%	1.74%
JRDE.L JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)	8.32%	72.46%	2.21%	14.40%	-3.79%	-10.33%

Correlation

The correlation between IEFQ.L and JRDE.L is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021	0.93

The correlation between IEFQ.L and JRDE.L has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

IEFQ.L vs. JRDE.L - Sectors Allocation Comparison

Sectors	IEFQ.L	JRDE.L
Financial Services	21.0%	23.7%
Industrials	19.3%	20.2%
Healthcare	13.2%	13.1%
Technology	12.4%	9.8%
Consumer Defensive	8.8%	7.1%
Consumer Cyclical	6.6%	6.8%
Basic Materials	5.4%	5.3%
Utilities	5.1%	5.5%
Energy	4.5%	4.7%
Communication Services	3.1%	3.8%
Real Estate	0.7%	0.1%

Return for Risk

IEFQ.L vs. JRDE.L — Risk / Return Rank

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

IEFQ.L

IEFQ.L Risk / Return Rank: 36
IEFQ.L Sharpe Ratio Rank: 38
IEFQ.L Sortino Ratio Rank: 36
IEFQ.L Omega Ratio Rank: 37
IEFQ.L Calmar Ratio Rank: 32
IEFQ.L Martin Ratio Rank: 35

JRDE.L

JRDE.L Risk / Return Rank: 90
JRDE.L Sharpe Ratio Rank: 65
JRDE.L Sortino Ratio Rank: 98
JRDE.L Omega Ratio Rank: 97
JRDE.L Calmar Ratio Rank: 95
JRDE.L Martin Ratio Rank: 94

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.

IEFQ.L vs. JRDE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCIope Quality Factor UCITS (IEFQ.L) and JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.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.

	IEFQ.L	JRDE.L	Difference
Sharpe ratio: Return per unit of total volatility	1.08	1.63	-0.55
Sortino ratio: Return per unit of downside risk	1.54	6.46	-4.92
Omega ratio: Gain probability vs. loss probability	1.20	1.86	-0.66
Calmar ratio: Return relative to maximum drawdown	1.28	5.78	-4.50
Martin ratio: Return relative to average drawdown	4.16	19.92	-15.76

IEFQ.L vs. JRDE.L - Sharpe Ratio Comparison

The current IEFQ.L Sharpe Ratio is 1.08, which is lower than the JRDE.L Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of IEFQ.L and JRDE.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.

Drawdowns

IEFQ.L vs. JRDE.L - Drawdown Comparison

The maximum IEFQ.L drawdown since its inception was -26.38%, which is greater than JRDE.L's maximum drawdown of -24.20%. Use the drawdown chart below to compare losses from any high point for IEFQ.L and JRDE.L.

Drawdown Indicators

	IEFQ.L	JRDE.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.38%	-24.20%	-2.18%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-10.94%	+1.27%
Max Drawdown (3Y) Largest decline over 3 years	-11.99%	-12.84%	+0.85%
Max Drawdown (5Y) Largest decline over 5 years	-17.73%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-26.38%	—	—
Current Drawdown Current decline from peak	-2.36%	-2.68%	+0.32%
Average Drawdown Average peak-to-trough decline	-4.20%	-7.22%	+3.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	3.18%	-0.20%

Volatility

IEFQ.L vs. JRDE.L - Volatility Comparison

The current volatility for iShares Edge MSCIope Quality Factor UCITS (IEFQ.L) is 2.77%, while JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) has a volatility of 3.47%. This indicates that IEFQ.L experiences smaller price fluctuations and is considered to be less risky than JRDE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IEFQ.L	JRDE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.77%	3.47%	-0.70%
Volatility (6M) Calculated over the trailing 6-month period	9.57%	10.77%	-1.20%
Volatility (1Y) Calculated over the trailing 1-year period	11.51%	38.83%	-27.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.71%	22.74%	-7.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.20%	22.74%	-7.54%

IEFQ.L vs. JRDE.L - Expense Ratio Comparison

Both IEFQ.L and JRDE.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IEFQ.L vs. JRDE.L - Dividend Comparison

IEFQ.L has not paid dividends to shareholders, while JRDE.L's dividend yield for the trailing twelve months is around 26.97%.

Position	TTM	2025	2024	2023	2022
IEFQ.L iShares Edge MSCIope Quality Factor UCITS	0.00%	0.00%	0.00%	0.00%	0.00%
JRDE.L JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)	26.97%	28.15%	2.68%	1.11%	2.99%

Frequently Asked Questions

Can I hold both IEFQ.L and JRDE.L in my portfolio?

With a correlation of 0.91, IEFQ.L and JRDE.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, IEFQ.L or JRDE.L?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IEFQ.L or JRDE.L?

IEFQ.L and JRDE.L have the same expense ratio: 0.25% per year.

What is the main difference between IEFQ.L and JRDE.L?

Both ETFs track MSCI Europe NR EUR. They also come from different issuers: iShares and JPMorgan.