IQQN.DE vs. JREU.DE
IQQN.DE (iShares MSCI North America UCITS ETF) and JREU.DE (JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) are both Large Cap Blend Equities funds - IQQN.DE tracks the MSCI North America while JREU.DE tracks the JP Morgan US Research Enhanced Index Equity (ESG). Both are passively managed. Over the past 5 years, IQQN.DE returned 13.97%/yr vs 14.71%/yr for JREU.DE. With a 0.99 correlation, they move nearly in lockstep. IQQN.DE charges 0.40%/yr vs 0.20%/yr for JREU.DE.
Performance
IQQN.DE vs. JREU.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IQQN.DE having a 11.09% return and JREU.DE slightly lower at 10.64%.
IQQN.DE
- 1D
- -0.05%
- 1M
- 5.20%
- YTD
- 11.09%
- 6M
- 11.12%
- 1Y
- 25.13%
- 3Y*
- 18.64%
- 5Y*
- 13.97%
- 10Y*
- 14.38%
JREU.DE
- 1D
- -0.14%
- 1M
- 4.62%
- YTD
- 10.64%
- 6M
- 10.88%
- 1Y
- 24.62%
- 3Y*
- 18.34%
- 5Y*
- 14.71%
- 10Y*
- —
IQQN.DE vs. JREU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IQQN.DE iShares MSCI North America UCITS ETF | 11.09% | 4.95% | 31.43% | 22.31% | -15.50% | 38.10% | 8.53% | 34.21% | -9.18% |
JREU.DE JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) | 10.64% | 3.77% | 32.09% | 24.03% | -14.67% | 42.44% | 8.56% | 34.56% | -8.94% |
Correlation
The correlation between IQQN.DE and JREU.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.99 |
The correlation between IQQN.DE and JREU.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
IQQN.DE vs. JREU.DE — Risk / Return Rank
IQQN.DE
JREU.DE
IQQN.DE vs. JREU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI North America UCITS ETF (IQQN.DE) and JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREU.DE). 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.
| IQQN.DE | JREU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 3.60 | -0.13 |
| Martin ratioReturn relative to average drawdown | 12.25 | 13.47 | -1.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IQQN.DE | JREU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.15 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.95 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.90 | -0.32 |
Drawdowns
IQQN.DE vs. JREU.DE - Drawdown Comparison
The maximum IQQN.DE drawdown since its inception was -52.40%, which is greater than JREU.DE's maximum drawdown of -34.39%. Use the drawdown chart below to compare losses from any high point for IQQN.DE and JREU.DE.
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Drawdown Indicators
| IQQN.DE | JREU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.40% | -34.39% | -18.01% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -6.81% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -23.38% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | -23.38% | -0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -34.38% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -0.49% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -4.52% | -4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.82% | +0.23% |
Volatility
IQQN.DE vs. JREU.DE - Volatility Comparison
iShares MSCI North America UCITS ETF (IQQN.DE) has a higher volatility of 2.66% compared to JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREU.DE) at 2.53%. This indicates that IQQN.DE's price experiences larger fluctuations and is considered to be riskier than JREU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQQN.DE | JREU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 2.53% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 7.43% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 11.42% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 15.28% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 17.23% | -1.14% |
IQQN.DE vs. JREU.DE - Expense Ratio Comparison
IQQN.DE has a 0.40% expense ratio, which is higher than JREU.DE's 0.20% expense ratio.
Dividends
IQQN.DE vs. JREU.DE - Dividend Comparison
IQQN.DE's dividend yield for the trailing twelve months is around 0.61%, while JREU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQN.DE iShares MSCI North America UCITS ETF | 0.61% | 0.68% | 0.75% | 0.99% | 1.15% | 0.73% | 1.09% | 1.22% | 1.42% | 1.34% | 1.37% | 1.53% |
JREU.DE JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (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% |
Frequently Asked Questions
With a correlation of 0.99, IQQN.DE and JREU.DE 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.
On fees, JREU.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREU.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for IQQN.DE.
IQQN.DE tracks MSCI North America, while JREU.DE tracks JP Morgan US Research Enhanced Index Equity (ESG). They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.40% for IQQN.DE and 0.20% for JREU.DE.
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