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JMRE.L vs. ISDE.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JMRE.L vs. ISDE.L

Last updated Jun 4, 2026

JMRE.L (JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) and ISDE.L (iShares MSCI EM Islamic UCITS ETF USD (Dist)) are both Emerging Markets Equities funds - JMRE.L tracks the MSCI EM NR USD while ISDE.L tracks the MSCI Emerging Markets Islamic Index. Both are passively managed. Over the past 5 years, JMRE.L returned 8.79%/yr vs 14.68%/yr for ISDE.L. Their correlation of 0.82 suggests significant overlap in exposure. JMRE.L charges 0.30%/yr vs 0.85%/yr for ISDE.L.

Performance

JMRE.L vs. ISDE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JMRE.L) and iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

JMRE.L is traded in GBp, while ISDE.L is traded in USD. To make them comparable, the ISDE.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, JMRE.L achieves a 31.45% return, which is significantly lower than ISDE.L's 65.31% return.

JMRE.L

1D
-0.80%
1M
10.96%
YTD
31.45%
6M
33.94%
1Y
62.35%
3Y*
22.02%
5Y*
8.79%
10Y*
—

ISDE.L

1D
-0.66%
1M
23.28%
YTD
65.31%
6M
70.12%
1Y
117.12%
3Y*
29.80%
5Y*
14.68%
10Y*
14.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

JMRE.L vs. ISDE.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
JMRE.L
JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)		31.45%25.64%8.21%2.02%-12.02%-1.26%16.34%15.61%-24.67%
ISDE.L
iShares MSCI EM Islamic UCITS ETF USD (Dist)		65.31%30.46%-1.86%8.28%-13.53%3.61%18.62%14.85%-4.23%

Correlation

The correlation between JMRE.L and ISDE.L is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.80

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

0.76

Correlation (5Y)
Calculated over the trailing 5-year period

0.77

Correlation (All Time)
Calculated using the full available price history since Dec 6, 2018

0.82

The correlation between JMRE.L and ISDE.L has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.

JMRE.L vs. ISDE.L - Sectors Allocation Comparison

Sectors
JMRE.L
ISDE.L

Technology

37.5%
48.0%

Financial Services

20.3%
3.7%

Consumer Cyclical

10.7%
5.3%

Communication Services

7.3%
0.9%

Industrials

6.8%
8.6%

Basic Materials

5.9%
12.2%

Energy

4.5%
10.1%

Healthcare

2.7%
4.8%

Consumer Defensive

2.5%
3.3%

Utilities

1.6%
2.3%

Real Estate

0.4%
0.9%

Technology

JMRE.L
37.5%
ISDE.L
48.0%

Financial Services

JMRE.L
20.3%
ISDE.L
3.7%

Consumer Cyclical

JMRE.L
10.7%
ISDE.L
5.3%

Communication Services

JMRE.L
7.3%
ISDE.L
0.9%

Industrials

JMRE.L
6.8%
ISDE.L
8.6%

Basic Materials

JMRE.L
5.9%
ISDE.L
12.2%

Energy

JMRE.L
4.5%
ISDE.L
10.1%

Healthcare

JMRE.L
2.7%
ISDE.L
4.8%

Consumer Defensive

JMRE.L
2.5%
ISDE.L
3.3%

Utilities

JMRE.L
1.6%
ISDE.L
2.3%

Real Estate

JMRE.L
0.4%
ISDE.L
0.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)

iShares MSCI EM Islamic UCITS ETF USD (Dist)

Often compared with JMRE.L:
JMRE.L vs. JRZE.LJMRE.L vs. EMIM.LJMRE.L vs. FRIN.LJMRE.L vs. SCHEJMRE.L vs. FEM.LJMRE.L vs. HEMC.LJMRE.L vs. EMV.L
Often compared with ISDE.L:
ISDE.L vs. JRDM.LISDE.L vs. VDEM.LISDE.L vs. LEML.LISDE.L vs. EDG2.LISDE.L vs. VFEG.LISDE.L vs. PRAM.LISDE.L vs. IUIT.L

Return for Risk

JMRE.L vs. ISDE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JMRE.L
JMRE.L Risk / Return Rank: 9292
Overall Rank
JMRE.L Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
JMRE.L Sortino Ratio Rank: 9393
Sortino Ratio Rank
JMRE.L Omega Ratio Rank: 9494
Omega Ratio Rank
JMRE.L Calmar Ratio Rank: 9191
Calmar Ratio Rank
JMRE.L Martin Ratio Rank: 9090
Martin Ratio Rank
ISDE.L
ISDE.L Risk / Return Rank: 9696
Overall Rank
ISDE.L Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
ISDE.L Sortino Ratio Rank: 9595
Sortino Ratio Rank
ISDE.L Omega Ratio Rank: 9696
Omega Ratio Rank
ISDE.L Calmar Ratio Rank: 9595
Calmar Ratio Rank
ISDE.L Martin Ratio Rank: 9595
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.

JMRE.L vs. ISDE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JMRE.L) and iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.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.

JMRE.LISDE.LDifference
Sharpe ratioReturn per unit of total volatility
3.70
4.99

-1.29

Sortino ratioReturn per unit of downside risk
4.69
5.62

-0.93

Omega ratioGain probability vs. loss probability

1.69

1.85

-0.17

Calmar ratioReturn relative to maximum drawdown

5.90

9.26

-3.36

Martin ratioReturn relative to average drawdown

20.57

33.42

-12.85

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

JMRE.L vs. ISDE.L - Sharpe Ratio Comparison

The current JMRE.L Sharpe Ratio is 3.70, which is comparable to the ISDE.L Sharpe Ratio of 4.99. The chart below compares the historical Sharpe Ratios of JMRE.L and ISDE.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

JMRE.LISDE.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.70

4.99

-1.29

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.33

0.83

-0.50

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.75

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.25

0.37

-0.12

Drawdowns

JMRE.L vs. ISDE.L - Drawdown Comparison

The maximum JMRE.L drawdown since its inception was -31.64%, smaller than the maximum ISDE.L drawdown of -46.71%. Use the drawdown chart below to compare losses from any high point for JMRE.L and ISDE.L.

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Drawdown Indicators

JMRE.LISDE.LDifference

Max Drawdown

Largest peak-to-trough decline

-31.64%

-46.71%

+15.07%

Max Drawdown (1Y)

Largest decline over 1 year

-10.51%

-12.58%

+2.07%

Max Drawdown (3Y)

Largest decline over 3 years

-23.91%

-21.66%

-2.25%

Max Drawdown (5Y)

Largest decline over 5 years

-25.50%

-21.66%

-3.84%

Max Drawdown (10Y)

Largest decline over 10 years

—

-26.22%

—

Current Drawdown

Current decline from peak

-0.80%

-0.66%

-0.14%

Average Drawdown

Average peak-to-trough decline

-14.76%

-14.03%

-0.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.02%

3.49%

-0.47%

Volatility

JMRE.L vs. ISDE.L - Volatility Comparison

The current volatility for JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JMRE.L) is 7.44%, while iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L) has a volatility of 11.47%. This indicates that JMRE.L experiences smaller price fluctuations and is considered to be less risky than ISDE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JMRE.LISDE.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.44%

11.47%

-4.03%

Volatility (6M)

Calculated over the trailing 6-month period

14.31%

20.71%

-6.40%

Volatility (1Y)

Calculated over the trailing 1-year period

16.78%

23.34%

-6.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.62%

17.72%

+8.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.15%

19.26%

+6.89%

JMRE.L vs. ISDE.L - Expense Ratio Comparison

JMRE.L has a 0.30% expense ratio, which is lower than ISDE.L's 0.85% expense ratio.

Dividends

JMRE.L vs. ISDE.L - Dividend Comparison

JMRE.L has not paid dividends to shareholders, while ISDE.L's dividend yield for the trailing twelve months is around 1.05%.

PositionTTM20252024202320222021202020192018201720162015
ISDE.L
iShares MSCI EM Islamic UCITS ETF USD (Dist)		1.05%1.86%2.51%2.77%2.10%1.79%0.98%1.55%1.64%1.02%1.07%2.32%
JMRE.L
JPMorgan Global Emerging Markets 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

JMRE.L and ISDE.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, JMRE.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

JMRE.L is cheaper with a 0.30% expense ratio, compared with 0.85% for ISDE.L.

JMRE.L tracks MSCI EM NR USD, while ISDE.L tracks MSCI Emerging Markets Islamic Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.30% for JMRE.L and 0.85% for ISDE.L.

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