JRDE.L vs. JEIP.L

Last updated Jun 5, 2026

JRDE.L (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)) and JEIP.L (JPM US Equity Premium Income Active UCITS ETF USD Dist) are both exchange-traded funds - JRDE.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while JEIP.L is a Derivative Income fund actively managed by JPMorgan. JRDE.L is passively managed, while JEIP.L is actively managed. Over the past year, JRDE.L returned 18.99% vs 9.32% for JEIP.L. At a 0.32 correlation, their price movements are largely independent. JRDE.L charges 0.25%/yr vs 0.35%/yr for JEIP.L.

Performance

JRDE.L vs. JEIP.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 JPM US Equity Premium Income Active UCITS ETF USD Dist (JEIP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JRDE.L achieves a 6.47% return, which is significantly higher than JEIP.L's 0.23% return.

JRDE.L

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

JEIP.L

• 1D: 0.14%
• 1M: -0.02%
• YTD: 0.23%
• 6M: 0.29%
• 1Y: 9.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024
JRDE.L JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)	6.47%	25.66%	-0.50%
JEIP.L JPM US Equity Premium Income Active UCITS ETF USD Dist	0.23%	0.86%	0.59%

Correlation

The correlation between JRDE.L and JEIP.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024	0.32

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

Sectors	JRDE.L	JEIP.L
Financial Services	23.7%	9.6%
Industrials	20.4%	13.2%
Healthcare	13.3%	13.5%
Technology	8.7%	22.0%
Consumer Defensive	7.3%	8.6%
Consumer Cyclical	6.6%	11.4%
Utilities	6.0%	5.2%
Basic Materials	5.2%	1.6%
Energy	5.2%	3.3%
Communication Services	3.6%	7.6%
Real Estate	0.1%	3.3%

Return for Risk

JRDE.L vs. JEIP.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: 41
JRDE.L Sharpe Ratio Rank: 44
JRDE.L Sortino Ratio Rank: 43
JRDE.L Omega Ratio Rank: 45
JRDE.L Calmar Ratio Rank: 35
JRDE.L Martin Ratio Rank: 39

JEIP.L

JEIP.L Risk / Return Rank: 30
JEIP.L Sharpe Ratio Rank: 31
JEIP.L Sortino Ratio Rank: 30
JEIP.L Omega Ratio Rank: 29
JEIP.L Calmar Ratio Rank: 31
JEIP.L Martin Ratio Rank: 31

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. JEIP.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 JPM US Equity Premium Income Active UCITS ETF USD Dist (JEIP.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.L	JEIP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.11	+0.42
Sortino ratio: Return per unit of downside risk	2.16	1.59	+0.56
Omega ratio: Gain probability vs. loss probability	1.28	1.19	+0.10
Calmar ratio: Return relative to maximum drawdown	1.73	1.50	+0.23
Martin ratio: Return relative to average drawdown	6.00	4.37	+1.63
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. JEIP.L - Sharpe Ratio Comparison

The current JRDE.L Sharpe Ratio is 1.53, which is higher than the JEIP.L Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of JRDE.L and JEIP.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.

Sharpe Ratios by Period

	JRDE.L	JEIP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	1.11	+0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.10	+0.62

Drawdowns

JRDE.L vs. JEIP.L - Drawdown Comparison

The maximum JRDE.L drawdown since its inception was -15.75%, roughly equal to the maximum JEIP.L drawdown of -15.73%. Use the drawdown chart below to compare losses from any high point for JRDE.L and JEIP.L.

Drawdown Indicators

	JRDE.L	JEIP.L	Difference
Max Drawdown Largest peak-to-trough decline	-15.75%	-15.73%	-0.02%
Max Drawdown (1Y) Largest decline over 1 year	-10.94%	-6.18%	-4.76%
Max Drawdown (3Y) Largest decline over 3 years	-12.84%	—	—
Current Drawdown Current decline from peak	-2.07%	-4.46%	+2.39%
Average Drawdown Average peak-to-trough decline	-3.73%	-5.25%	+1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	2.13%	+1.03%

Volatility

JRDE.L vs. JEIP.L - Volatility Comparison

JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) has a higher volatility of 3.98% compared to JPM US Equity Premium Income Active UCITS ETF USD Dist (JEIP.L) at 2.64%. This indicates that JRDE.L's price experiences larger fluctuations and is considered to be riskier than JEIP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRDE.L	JEIP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	2.64%	+1.34%
Volatility (6M) Calculated over the trailing 6-month period	10.29%	6.23%	+4.06%
Volatility (1Y) Calculated over the trailing 1-year period	12.39%	8.39%	+4.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.16%	11.22%	+2.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.16%	11.22%	+2.94%

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

JRDE.L has a 0.25% expense ratio, which is lower than JEIP.L's 0.35% expense ratio.

Dividends

JRDE.L vs. JEIP.L - Dividend Comparison

JRDE.L's dividend yield for the trailing twelve months is around 2.19%, less than JEIP.L's 8.32% yield.

Position	TTM	2025	2024	2023	2022
JEIP.L JPM US Equity Premium Income Active UCITS ETF USD Dist	8.32%	7.18%	0.61%	0.00%	0.00%
JRDE.L JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)	2.19%	2.18%	2.68%	1.11%	2.99%

Frequently Asked Questions

Can I hold both JRDE.L and JEIP.L in my portfolio?

JRDE.L and JEIP.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JRDE.L or JEIP.L?

On fees, JRDE.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JRDE.L or JEIP.L?

JRDE.L is cheaper with a 0.25% expense ratio, compared with 0.35% for JEIP.L.

What is the main difference between JRDE.L and JEIP.L?

JRDE.L is categorized as Europe Equities, while JEIP.L is Derivative Income. Their fees differ too: 0.25% for JRDE.L and 0.35% for JEIP.L.