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

IEVL.L vs. JRDE.L

Last updated Jun 25, 2026

IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) and JRDE.L (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)) are both Europe Equities funds - IEVL.L tracks the MSCI Europe Enhanced Value Index while JRDE.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 3 years, IEVL.L returned 22.08%/yr vs 27.13%/yr for JRDE.L. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

IEVL.L vs. JRDE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.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

IEVL.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, IEVL.L achieves a 14.66% return, which is significantly higher than JRDE.L's 10.07% return.

IEVL.L

1D
-0.07%
1M
1.04%
YTD
14.66%
6M
15.24%
1Y
34.62%
3Y*
22.08%
5Y*
14.66%
10Y*
11.58%

JRDE.L

1D
-0.14%
1M
2.68%
YTD
10.07%
6M
10.48%
1Y
65.77%
3Y*
27.13%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021
IEVL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating		14.66%35.04%10.57%13.52%-3.79%5.98%
JRDE.L
JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)		10.07%63.46%7.14%16.83%-8.75%-8.84%

Correlation

The correlation between IEVL.L and JRDE.L is 0.88, 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

0.88

Correlation (3Y)
Calculated over the trailing 3-year period

0.87

Correlation (All Time)
Calculated using the full available price history since Sep 15, 2021

0.86

The correlation between IEVL.L and JRDE.L has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

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

Sectors
IEVL.L
JRDE.L

Financial Services

25.8%
23.7%

Industrials

18.9%
20.4%

Healthcare

12.7%
13.3%

Technology

9.6%
8.7%

Consumer Defensive

8.2%
7.3%

Consumer Cyclical

5.9%
6.6%

Basic Materials

5.3%
5.2%

Utilities

4.6%
6.0%

Energy

4.5%
5.2%

Communication Services

3.3%
3.6%

Real Estate

0.6%
0.1%

Financial Services

IEVL.L
25.8%
JRDE.L
23.7%

Industrials

IEVL.L
18.9%
JRDE.L
20.4%

Healthcare

IEVL.L
12.7%
JRDE.L
13.3%

Technology

IEVL.L
9.6%
JRDE.L
8.7%

Consumer Defensive

IEVL.L
8.2%
JRDE.L
7.3%

Consumer Cyclical

IEVL.L
5.9%
JRDE.L
6.6%

Basic Materials

IEVL.L
5.3%
JRDE.L
5.2%

Utilities

IEVL.L
4.6%
JRDE.L
6.0%

Energy

IEVL.L
4.5%
JRDE.L
5.2%

Communication Services

IEVL.L
3.3%
JRDE.L
3.6%

Real Estate

IEVL.L
0.6%
JRDE.L
0.1%

Compare stocks, funds, or ETFs

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iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating

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

Often compared with IEVL.L:
IEVL.L vs. AINF.LIEVL.L vs. FBTU.LIEVL.L vs. IUCS.LIEVL.L vs. 36BA.DEIEVL.L vs. CSKR.LIEVL.L vs. IEMA.LIEVL.L vs. GLD
Often compared with JRDE.L:
JRDE.L vs. JRDM.LJRDE.L vs. JRDG.LJRDE.L vs. CS1.LJRDE.L vs. EEI.LJRDE.L vs. EUHD.LJRDE.L vs. EEIP.LJRDE.L vs. FLXD.L

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEVL.L
IEVL.L Risk / Return Rank: 8282
Overall Rank
IEVL.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
IEVL.L Sortino Ratio Rank: 8686
Sortino Ratio Rank
IEVL.L Omega Ratio Rank: 8585
Omega Ratio Rank
IEVL.L Calmar Ratio Rank: 7777
Calmar Ratio Rank
IEVL.L Martin Ratio Rank: 7878
Martin Ratio Rank
JRDE.L
JRDE.L Risk / Return Rank: 8888
Overall Rank
JRDE.L Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
JRDE.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
JRDE.L Omega Ratio Rank: 9797
Omega Ratio Rank
JRDE.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
JRDE.L Martin Ratio Rank: 9393
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.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.

IEVL.LJRDE.LDifference
Sharpe ratioReturn per unit of total volatility
2.48
1.70

+0.78

Sortino ratioReturn per unit of downside risk
3.41
6.76

-3.35

Omega ratioGain probability vs. loss probability

1.45

1.86

-0.41

Calmar ratioReturn relative to maximum drawdown

3.52

6.58

-3.07

Martin ratioReturn relative to average drawdown

13.25

24.45

-11.20

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

The current IEVL.L Sharpe Ratio is 2.48, which is higher than the JRDE.L Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of IEVL.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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Drawdowns

IEVL.L vs. JRDE.L - Drawdown Comparison

The maximum IEVL.L drawdown since its inception was -40.09%, which is greater than JRDE.L's maximum drawdown of -25.76%. Use the drawdown chart below to compare losses from any high point for IEVL.L and JRDE.L.

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Drawdown Indicators

IEVL.LJRDE.LDifference

Max Drawdown

Largest peak-to-trough decline

-40.09%

-25.76%

-14.33%

Max Drawdown (1Y)

Largest decline over 1 year

-9.79%

-9.94%

+0.15%

Max Drawdown (3Y)

Largest decline over 3 years

-17.43%

-15.92%

-1.51%

Max Drawdown (5Y)

Largest decline over 5 years

-19.55%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-40.09%

—

—

Current Drawdown

Current decline from peak

-0.66%

-0.97%

+0.31%

Average Drawdown

Average peak-to-trough decline

-7.46%

-7.51%

+0.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.61%

2.68%

-0.07%

Volatility

IEVL.L vs. JRDE.L - Volatility Comparison

iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) has a higher volatility of 3.56% compared to JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) at 2.78%. This indicates that IEVL.L's price experiences larger fluctuations and is considered to be riskier than JRDE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IEVL.LJRDE.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.56%

2.78%

+0.78%

Volatility (6M)

Calculated over the trailing 6-month period

11.30%

10.44%

+0.86%

Volatility (1Y)

Calculated over the trailing 1-year period

13.94%

38.53%

-24.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.38%

22.96%

-7.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.39%

22.96%

-5.57%

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

Both IEVL.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

IEVL.L vs. JRDE.L - Dividend Comparison

IEVL.L has not paid dividends to shareholders, while JRDE.L's dividend yield for the trailing twelve months is around 26.22%.

PositionTTM2025202420232022
IEVL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating		0.00%0.00%0.00%0.00%0.00%
JRDE.L
JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)		26.22%28.15%2.68%1.11%2.99%

Frequently Asked Questions

IEVL.L and JRDE.L have a correlation of 0.88, 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.

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

IEVL.L tracks MSCI Europe Enhanced Value Index, while JRDE.L tracks MSCI Europe NR EUR. They also come from different issuers: iShares and JPMorgan.

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