IEFS.L vs. JRDE.L
IEFS.L (iShares Edge MSCI Europe Size Factor UCITS ETF) and JRDE.L (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)) are both Europe Equities funds - IEFS.L tracks the MSCI Europe SMID NR EUR while JRDE.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 3 years, IEFS.L returned 12.43%/yr vs 12.79%/yr for JRDE.L. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
IEFS.L vs. JRDE.L - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with IEFS.L having a 5.78% return and JRDE.L slightly higher at 5.96%.
IEFS.L
- 1D
- -0.28%
- 1M
- 1.57%
- YTD
- 5.78%
- 6M
- 8.60%
- 1Y
- 16.22%
- 3Y*
- 12.43%
- 5Y*
- 5.82%
- 10Y*
- 8.37%
JRDE.L
- 1D
- -0.52%
- 1M
- 2.03%
- YTD
- 5.96%
- 6M
- 8.32%
- 1Y
- 19.12%
- 3Y*
- 12.79%
- 5Y*
- —
- 10Y*
- —
IEFS.L vs. JRDE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IEFS.L iShares Edge MSCI Europe Size Factor UCITS ETF | 5.78% | 24.40% | 0.75% | 11.87% | -13.35% | 0.45% |
JRDE.L JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) | 5.96% | 25.66% | 2.21% | 14.40% | -3.79% | 4.66% |
Correlation
The correlation between IEFS.L and JRDE.L is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021 | 0.91 |
The correlation between IEFS.L and JRDE.L has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IEFS.L vs. JRDE.L — Risk / Return Rank
IEFS.L
JRDE.L
IEFS.L vs. JRDE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.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.
| IEFS.L | JRDE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.74 | -0.11 |
| Martin ratioReturn relative to average drawdown | 5.83 | 6.04 | -0.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IEFS.L | JRDE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.54 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.71 | -0.19 |
Drawdowns
IEFS.L vs. JRDE.L - Drawdown Comparison
The maximum IEFS.L drawdown since its inception was -31.02%, which is greater than JRDE.L's maximum drawdown of -15.75%. Use the drawdown chart below to compare losses from any high point for IEFS.L and JRDE.L.
Loading charts...
Drawdown Indicators
| IEFS.L | JRDE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.02% | -15.75% | -15.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -10.94% | +1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -11.84% | -12.84% | +1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -26.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.02% | — | — |
Current DrawdownCurrent decline from peak | -2.40% | -2.54% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -3.73% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 3.16% | -0.38% |
Volatility
IEFS.L vs. JRDE.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.L) is 3.78%, while JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) has a volatility of 4.07%. This indicates that IEFS.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.
Loading charts...
Volatility by Period
| IEFS.L | JRDE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 4.07% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 10.28% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 12.38% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 14.16% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 14.16% | +1.43% |
IEFS.L vs. JRDE.L - Expense Ratio Comparison
Both IEFS.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
IEFS.L vs. JRDE.L - Dividend Comparison
IEFS.L has not paid dividends to shareholders, while JRDE.L's dividend yield for the trailing twelve months is around 2.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IEFS.L iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JRDE.L JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) | 2.20% | 2.18% | 2.68% | 1.11% | 2.99% |
Frequently Asked Questions
IEFS.L and JRDE.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IEFS.L and JRDE.L have the same expense ratio: 0.25% per year.
IEFS.L tracks MSCI Europe SMID NR EUR, while JRDE.L tracks MSCI Europe NR EUR. They also come from different issuers: iShares and JPMorgan.
Find the right allocation for IEFS.L and JRDE.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer