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IEQD.L vs. JRDE.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEQD.L vs. JRDE.L

Last updated Jun 5, 2026

IEQD.L (iShares Edge MSCI Europe Quality Factor UCITS Dist) 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, IEQD.L returned 7.76%/yr vs 12.91%/yr for JRDE.L. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

IEQD.L vs. JRDE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Edge MSCI Europe Quality Factor UCITS Dist (IEQD.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.

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Different Trading Currencies

IEQD.L is traded in EUR, while JRDE.L is traded in GBp. To make them comparable, the JRDE.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IEQD.L achieves a 4.24% return, which is significantly lower than JRDE.L's 7.42% return.

IEQD.L

1D
0.53%
1M
1.23%
YTD
4.24%
6M
5.85%
1Y
6.61%
3Y*
7.76%
5Y*
5.90%
10Y*
—

JRDE.L

1D
0.39%
1M
3.16%
YTD
7.42%
6M
9.56%
1Y
15.88%
3Y*
12.91%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021
IEQD.L
iShares Edge MSCI Europe Quality Factor UCITS Dist		4.24%9.49%4.14%14.42%-11.20%4.66%
JRDE.L
JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)		7.42%19.11%7.14%16.83%-8.75%7.03%

Correlation

The correlation between IEQD.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 23, 2021

0.93

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

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

Sectors
IEQD.L
JRDE.L

Financial Services

21.1%
23.7%

Industrials

19.5%
20.4%

Healthcare

14.2%
13.3%

Technology

10.8%
8.7%

Consumer Defensive

8.1%
7.3%

Consumer Cyclical

6.6%
6.6%

Basic Materials

5.6%
5.2%

Energy

5.2%
5.2%

Utilities

5.1%
6.0%

Communication Services

3.0%
3.6%

Real Estate

0.8%
0.1%

Financial Services

IEQD.L
21.1%
JRDE.L
23.7%

Industrials

IEQD.L
19.5%
JRDE.L
20.4%

Healthcare

IEQD.L
14.2%
JRDE.L
13.3%

Technology

IEQD.L
10.8%
JRDE.L
8.7%

Consumer Defensive

IEQD.L
8.1%
JRDE.L
7.3%

Consumer Cyclical

IEQD.L
6.6%
JRDE.L
6.6%

Basic Materials

IEQD.L
5.6%
JRDE.L
5.2%

Energy

IEQD.L
5.2%
JRDE.L
5.2%

Utilities

IEQD.L
5.1%
JRDE.L
6.0%

Communication Services

IEQD.L
3.0%
JRDE.L
3.6%

Real Estate

IEQD.L
0.8%
JRDE.L
0.1%

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iShares Edge MSCI Europe Quality Factor UCITS Dist

JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)

Often compared with IEQD.L:
IEQD.L vs. FEUI.DEIEQD.L vs. MVOL.LIEQD.L vs. SMEA.LIEQD.L vs. VUSA.ASIEQD.L vs. JRDZ.LIEQD.L vs. CNDX.LIEQD.L vs. CEUR.L
Often compared with JRDE.L:
JRDE.L vs. JRDM.LJRDE.L vs. JRDG.LJRDE.L vs. CS1.LJRDE.L vs. EEI.LJRDE.L vs. V3EL.LJRDE.L vs. EUHD.LJRDE.L vs. EEIP.L

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEQD.L
IEQD.L Risk / Return Rank: 1818
Overall Rank
IEQD.L Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
IEQD.L Sortino Ratio Rank: 1818
Sortino Ratio Rank
IEQD.L Omega Ratio Rank: 1818
Omega Ratio Rank
IEQD.L Calmar Ratio Rank: 1919
Calmar Ratio Rank
IEQD.L Martin Ratio Rank: 1919
Martin Ratio Rank
JRDE.L
JRDE.L Risk / Return Rank: 4141
Overall Rank
JRDE.L Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
JRDE.L Sortino Ratio Rank: 4343
Sortino Ratio Rank
JRDE.L Omega Ratio Rank: 4545
Omega Ratio Rank
JRDE.L Calmar Ratio Rank: 3535
Calmar Ratio Rank
JRDE.L Martin Ratio Rank: 3939
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Quality Factor UCITS Dist (IEQD.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.

IEQD.LJRDE.LDifference
Sharpe ratioReturn per unit of total volatility
0.56
1.24

-0.67

Sortino ratioReturn per unit of downside risk
0.87
1.82

-0.95

Omega ratioGain probability vs. loss probability

1.10

1.23

-0.12

Calmar ratioReturn relative to maximum drawdown

0.77

1.59

-0.82

Martin ratioReturn relative to average drawdown

2.08

5.64

-3.56

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current IEQD.L Sharpe Ratio is 0.56, which is lower than the JRDE.L Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of IEQD.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.

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Sharpe Ratios by Period

IEQD.LJRDE.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.56

1.24

-0.67

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.42

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.69

-0.15

Drawdowns

IEQD.L vs. JRDE.L - Drawdown Comparison

The maximum IEQD.L drawdown since its inception was -33.13%, which is greater than JRDE.L's maximum drawdown of -19.31%. Use the drawdown chart below to compare losses from any high point for IEQD.L and JRDE.L.

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Drawdown Indicators

IEQD.LJRDE.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.13%

-19.31%

-13.82%

Max Drawdown (1Y)

Largest decline over 1 year

-8.51%

-9.94%

+1.43%

Max Drawdown (3Y)

Largest decline over 3 years

-14.74%

-15.92%

+1.18%

Max Drawdown (5Y)

Largest decline over 5 years

-19.89%

—

—

Current Drawdown

Current decline from peak

-1.91%

-0.73%

-1.18%

Average Drawdown

Average peak-to-trough decline

-4.88%

-4.00%

-0.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.17%

2.81%

+0.36%

Volatility

IEQD.L vs. JRDE.L - Volatility Comparison

iShares Edge MSCI Europe Quality Factor UCITS Dist (IEQD.L) and JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) have volatilities of 3.95% and 4.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IEQD.LJRDE.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.95%

4.07%

-0.12%

Volatility (6M)

Calculated over the trailing 6-month period

9.27%

10.30%

-1.03%

Volatility (1Y)

Calculated over the trailing 1-year period

11.69%

12.77%

-1.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.92%

14.52%

-0.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.34%

14.52%

+0.82%

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

Both IEQD.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

IEQD.L vs. JRDE.L - Dividend Comparison

IEQD.L's dividend yield for the trailing twelve months is around 2.09%, less than JRDE.L's 2.19% yield.

PositionTTM20252024202320222021202020192018
IEQD.L
iShares Edge MSCI Europe Quality Factor UCITS Dist		2.09%2.18%2.37%2.74%2.69%1.96%2.21%2.89%2.93%
JRDE.L
JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)		2.19%2.18%2.68%1.11%2.99%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.91, IEQD.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.

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

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

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

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