JRDE.L vs. IEFS.L
JRDE.L (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)) and IEFS.L (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - JRDE.L tracks the MSCI Europe NR EUR while IEFS.L tracks the MSCI Europe SMID NR EUR. Both are passively managed. Over the past 3 years, JRDE.L returned 27.65%/yr vs 14.67%/yr for IEFS.L. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
JRDE.L vs. IEFS.L - Performance Comparison
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Returns By Period
In the year-to-date period, JRDE.L achieves a 9.68% return, which is significantly higher than IEFS.L's 8.09% return.
JRDE.L
- 1D
- 0.80%
- 1M
- 2.70%
- YTD
- 9.68%
- 6M
- 10.16%
- 1Y
- 70.58%
- 3Y*
- 27.65%
- 5Y*
- —
- 10Y*
- —
IEFS.L
- 1D
- 0.33%
- 1M
- 0.43%
- YTD
- 8.09%
- 6M
- 8.65%
- 1Y
- 18.49%
- 3Y*
- 14.67%
- 5Y*
- 6.03%
- 10Y*
- 9.22%
JRDE.L vs. IEFS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JRDE.L JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) | 9.68% | 72.46% | 2.21% | 14.40% | -3.79% | -10.33% |
IEFS.L iShares Edge MSCI Europe Size Factor UCITS ETF | 8.09% | 24.40% | 0.75% | 11.87% | -13.35% | 0.08% |
Correlation
The correlation between JRDE.L and IEFS.L is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021 | 0.90 |
The correlation between JRDE.L and IEFS.L has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
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Return for Risk
JRDE.L vs. IEFS.L — Risk / Return Rank
JRDE.L
IEFS.L
JRDE.L vs. IEFS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) and iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.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.
| JRDE.L | IEFS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +4.98 | ||
| Omega ratioGain probability vs. loss probability | 1.97 | 1.30 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 6.42 | 1.86 | +4.56 |
| Martin ratioReturn relative to average drawdown | 22.32 | 6.61 | +15.70 |
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Drawdowns
JRDE.L vs. IEFS.L - Drawdown Comparison
The maximum JRDE.L drawdown since its inception was -24.20%, smaller than the maximum IEFS.L drawdown of -31.02%. Use the drawdown chart below to compare losses from any high point for JRDE.L and IEFS.L.
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Drawdown Indicators
| JRDE.L | IEFS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.20% | -31.02% | +6.82% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -9.91% | -1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | -11.84% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.02% | — |
Current DrawdownCurrent decline from peak | -0.11% | -0.27% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -7.30% | -5.82% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.79% | +0.36% |
Volatility
JRDE.L vs. IEFS.L - Volatility Comparison
JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) has a higher volatility of 2.96% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.L) at 2.04%. This indicates that JRDE.L's price experiences larger fluctuations and is considered to be riskier than IEFS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JRDE.L | IEFS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 2.04% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 10.42% | 9.73% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.77% | 11.53% | +27.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.84% | 14.97% | +7.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.84% | 15.45% | +7.39% |
JRDE.L vs. IEFS.L - Expense Ratio Comparison
Both JRDE.L and IEFS.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
JRDE.L vs. IEFS.L - Dividend Comparison
JRDE.L's dividend yield for the trailing twelve months is around 26.01%, while IEFS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IEFS.L iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JRDE.L JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) | 26.01% | 28.15% | 2.68% | 1.11% | 2.99% |
Frequently Asked Questions
JRDE.L and IEFS.L have a correlation of 0.87, 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.
JRDE.L and IEFS.L have the same expense ratio: 0.25% per year.
JRDE.L tracks MSCI Europe NR EUR, while IEFS.L tracks MSCI Europe SMID NR EUR. They also come from different issuers: JPMorgan and iShares.
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