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

JRDE.L vs. IEQD.L

Last updated Jun 5, 2026

JRDE.L (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)) and IEQD.L (iShares Edge MSCI Europe Quality Factor UCITS Dist) are both Europe Equities funds tracking the MSCI Europe NR EUR, from JPMorgan and iShares respectively. Both are passively managed. Over the past 3 years, JRDE.L returned 13.08%/yr vs 7.92%/yr for IEQD.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

JRDE.L vs. IEQD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) and iShares Edge MSCI Europe Quality Factor UCITS Dist (IEQD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

JRDE.L is traded in GBp, while IEQD.L is traded in EUR. To make them comparable, the IEQD.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, JRDE.L achieves a 6.47% return, which is significantly higher than IEQD.L's 3.48% return.

JRDE.L

1D
0.48%
1M
3.35%
YTD
6.47%
6M
8.47%
1Y
18.99%
3Y*
13.08%
5Y*
—
10Y*
—

IEQD.L

1D
0.65%
1M
1.46%
YTD
3.48%
6M
4.83%
1Y
9.50%
3Y*
7.92%
5Y*
6.05%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021
JRDE.L
JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)		6.47%25.66%2.21%14.40%-3.79%4.66%
IEQD.L
iShares Edge MSCI Europe Quality Factor UCITS Dist		3.48%15.35%-0.60%12.14%-6.61%2.58%

Correlation

The correlation between JRDE.L and IEQD.L is 0.91, 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

0.91

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

0.92

Correlation (All Time)
Calculated using the full available price history since Sep 23, 2021

0.92

The correlation between JRDE.L and IEQD.L has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

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

Sectors
JRDE.L
IEQD.L

Financial Services

23.7%
21.1%

Industrials

20.4%
19.5%

Healthcare

13.3%
14.2%

Technology

8.7%
10.8%

Consumer Defensive

7.3%
8.1%

Consumer Cyclical

6.6%
6.6%

Utilities

6.0%
5.1%

Basic Materials

5.2%
5.6%

Energy

5.2%
5.2%

Communication Services

3.6%
3.0%

Real Estate

0.1%
0.8%

Financial Services

JRDE.L
23.7%
IEQD.L
21.1%

Industrials

JRDE.L
20.4%
IEQD.L
19.5%

Healthcare

JRDE.L
13.3%
IEQD.L
14.2%

Technology

JRDE.L
8.7%
IEQD.L
10.8%

Consumer Defensive

JRDE.L
7.3%
IEQD.L
8.1%

Consumer Cyclical

JRDE.L
6.6%
IEQD.L
6.6%

Utilities

JRDE.L
6.0%
IEQD.L
5.1%

Basic Materials

JRDE.L
5.2%
IEQD.L
5.6%

Energy

JRDE.L
5.2%
IEQD.L
5.2%

Communication Services

JRDE.L
3.6%
IEQD.L
3.0%

Real Estate

JRDE.L
0.1%
IEQD.L
0.8%

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

iShares Edge MSCI Europe Quality Factor UCITS Dist

Often compared with JRDE.L:
JRDE.L vs. JRDM.LJRDE.L vs. JRDG.LJRDE.L vs. CS1.LJRDE.L vs. EUHD.LJRDE.L vs. EEI.LJRDE.L vs. V3EL.LJRDE.L vs. EEIP.L
Often compared with IEQD.L:
IEQD.L vs. FEUI.DEIEQD.L vs. MVOL.LIEQD.L vs. SMEA.LIEQD.L vs. VUSA.ASIEQD.L vs. JRDZ.LIEQD.L vs. CNDX.LIEQD.L vs. CEUR.L

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JRDE.L
JRDE.L Risk / Return Rank: 4141
Overall Rank
JRDE.L Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
JRDE.L Sortino Ratio Rank: 4343
Sortino Ratio Rank
JRDE.L Omega Ratio Rank: 4545
Omega Ratio Rank
JRDE.L Calmar Ratio Rank: 3535
Calmar Ratio Rank
JRDE.L Martin Ratio Rank: 3939
Martin Ratio Rank
IEQD.L
IEQD.L Risk / Return Rank: 1818
Overall Rank
IEQD.L Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
IEQD.L Sortino Ratio Rank: 1818
Sortino Ratio Rank
IEQD.L Omega Ratio Rank: 1818
Omega Ratio Rank
IEQD.L Calmar Ratio Rank: 1919
Calmar Ratio Rank
IEQD.L Martin Ratio Rank: 1919
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.

JRDE.L vs. IEQD.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 Quality Factor UCITS Dist (IEQD.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.

JRDE.LIEQD.LDifference
Sharpe ratioReturn per unit of total volatility
1.53
0.81

+0.71

Sortino ratioReturn per unit of downside risk
2.16
1.19

+0.97

Omega ratioGain probability vs. loss probability

1.28

1.15

+0.14

Calmar ratioReturn relative to maximum drawdown

1.73

0.99

+0.74

Martin ratioReturn relative to average drawdown

6.00

3.22

+2.77

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

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

The current JRDE.L Sharpe Ratio is 1.53, which is higher than the IEQD.L Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of JRDE.L and IEQD.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

JRDE.LIEQD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.53

0.81

+0.71

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.44

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.72

0.53

+0.18

Drawdowns

JRDE.L vs. IEQD.L - Drawdown Comparison

The maximum JRDE.L drawdown since its inception was -15.75%, smaller than the maximum IEQD.L drawdown of -25.89%. Use the drawdown chart below to compare losses from any high point for JRDE.L and IEQD.L.

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Drawdown Indicators

JRDE.LIEQD.LDifference

Max Drawdown

Largest peak-to-trough decline

-15.75%

-25.89%

+10.14%

Max Drawdown (1Y)

Largest decline over 1 year

-10.94%

-9.56%

-1.38%

Max Drawdown (3Y)

Largest decline over 3 years

-12.84%

-12.12%

-0.72%

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.81%

—

Current Drawdown

Current decline from peak

-2.07%

-3.15%

+1.08%

Average Drawdown

Average peak-to-trough decline

-3.73%

-4.18%

+0.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.16%

2.94%

+0.22%

Volatility

JRDE.L vs. IEQD.L - Volatility Comparison

JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) and iShares Edge MSCI Europe Quality Factor UCITS Dist (IEQD.L) have volatilities of 3.98% and 4.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JRDE.LIEQD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.98%

4.05%

-0.07%

Volatility (6M)

Calculated over the trailing 6-month period

10.29%

9.48%

+0.81%

Volatility (1Y)

Calculated over the trailing 1-year period

12.39%

11.66%

+0.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.16%

13.79%

+0.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.16%

15.14%

-0.98%

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

Both JRDE.L and IEQD.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. IEQD.L - Dividend Comparison

JRDE.L's dividend yield for the trailing twelve months is around 2.19%, more than IEQD.L's 2.09% yield.

PositionTTM20252024202320222021202020192018
IEQD.L
iShares Edge MSCI Europe Quality Factor UCITS Dist		2.09%2.18%2.37%2.74%2.69%1.96%2.21%2.89%2.93%
JRDE.L
JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)		2.19%2.18%2.68%1.11%2.99%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.91, JRDE.L and IEQD.L 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.

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 IEQD.L have the same expense ratio: 0.25% per year.

Both ETFs track MSCI Europe NR EUR. They also come from different issuers: JPMorgan and iShares.

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