IEV vs. JREE.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Europe ETF (IEV) and JPMorgan Europe Research Enhanced Index Equity UCITS ETF - EUR (acc) (JREE.L).

IEV and JREE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEV is a passively managed fund by iShares that tracks the performance of the S&P Europe 350 Index. It was launched on Jul 25, 2000. JREE.L is a passively managed fund by JPMorgan that tracks the performance of the MSCI Europe NR EUR. It was launched on Jun 30, 2020. Both IEV and JREE.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IEV vs. JREE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Europe ETF (IEV) and JPMorgan Europe Research Enhanced Index Equity UCITS ETF - EUR (acc) (JREE.L). The values are adjusted to include any dividend payments, if applicable.

IEV vs. JREE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IEV iShares Europe ETF	0.48%	35.63%	1.36%	20.14%	-14.24%	16.73%	4.07%	24.03%	-8.49%
JREE.L JPMorgan Europe Research Enhanced Index Equity UCITS ETF - EUR (acc)	0.51%	35.14%	0.77%	20.45%	-14.31%	16.99%	6.89%	26.39%	-6.81%

Different Trading Currencies

IEV is traded in USD, while JREE.L is traded in EUR. To make them comparable, the JREE.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IEV achieves a 0.48% return, which is significantly lower than JREE.L's 0.51% return.

IEV

• 1D: 1.46%
• 1M: -4.85%
• YTD: 0.48%
• 6M: 5.18%
• 1Y: 21.72%
• 3Y*: 14.54%
• 5Y*: 9.32%
• 10Y*: 8.96%

JREE.L

• 1D: 2.98%
• 1M: -4.80%
• YTD: 0.51%
• 6M: 6.31%
• 1Y: 21.50%
• 3Y*: 14.37%
• 5Y*: 9.47%
• 10Y*: —

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

IEV vs. JREE.L - Expense Ratio Comparison

IEV has a 0.59% expense ratio, which is higher than JREE.L's 0.25% expense ratio.

IEV

iShares Europe ETF

JREE.L

JPMorgan Europe Research Enhanced Index Equity UCITS ETF - EUR (acc)

Return for Risk

IEV vs. JREE.L — Risk / Return Rank

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

IEV

IEV Risk / Return Rank: 66
IEV Sharpe Ratio Rank: 68
IEV Sortino Ratio Rank: 67
IEV Omega Ratio Rank: 64
IEV Calmar Ratio Rank: 68
IEV Martin Ratio Rank: 65

JREE.L

JREE.L Risk / Return Rank: 43
JREE.L Sharpe Ratio Rank: 43
JREE.L Sortino Ratio Rank: 39
JREE.L Omega Ratio Rank: 42
JREE.L Calmar Ratio Rank: 46
JREE.L Martin Ratio Rank: 45

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.

IEV vs. JREE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Europe ETF (IEV) 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.

	IEV	JREE.L	Difference
Sharpe ratio Return per unit of total volatility	1.23	1.22	+0.02
Sortino ratio Return per unit of downside risk	1.76	1.66	+0.10
Omega ratio Gain probability vs. loss probability	1.24	1.25	0.00
Calmar ratio Return relative to maximum drawdown	1.78	1.81	-0.03
Martin ratio Return relative to average drawdown	6.78	6.68	+0.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IEV vs. JREE.L - Sharpe Ratio Comparison

The current IEV Sharpe Ratio is 1.23, which is comparable to the JREE.L Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of IEV and JREE.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IEV	JREE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	1.22	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.54	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.55	-0.33

Correlation

The correlation between IEV and JREE.L is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

IEV vs. JREE.L - Dividend Comparison

IEV's dividend yield for the trailing twelve months is around 2.72%, while JREE.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEV iShares Europe ETF	2.72%	2.73%	3.10%	2.77%	3.06%	2.81%	1.76%	3.06%	3.43%	2.39%	3.08%	2.81%
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%

Drawdowns

IEV vs. JREE.L - Drawdown Comparison

The maximum IEV drawdown since its inception was -63.27%, which is greater than JREE.L's maximum drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for IEV and JREE.L.

Drawdown Indicators

	IEV	JREE.L	Difference
Max Drawdown Largest peak-to-trough decline	-63.27%	-35.07%	-28.20%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	-12.19%	-0.12%
Max Drawdown (5Y) Largest decline over 5 years	-30.60%	-19.25%	-11.35%
Max Drawdown (10Y) Largest decline over 10 years	-36.62%	—	—
Current Drawdown Current decline from peak	-7.29%	-5.79%	-1.50%
Average Drawdown Average peak-to-trough decline	-15.12%	-4.56%	-10.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	2.78%	+0.45%

Volatility

IEV vs. JREE.L - Volatility Comparison

iShares Europe ETF (IEV) has a higher volatility of 7.44% compared to JPMorgan Europe Research Enhanced Index Equity UCITS ETF - EUR (acc) (JREE.L) at 6.33%. This indicates that IEV's price experiences larger fluctuations and is considered to be riskier than JREE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IEV	JREE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.44%	6.33%	+1.11%
Volatility (6M) Calculated over the trailing 6-month period	11.32%	10.65%	+0.67%
Volatility (1Y) Calculated over the trailing 1-year period	17.69%	17.60%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.39%	17.48%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.58%	18.80%	-0.22%