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

JRDE.L vs. LDEG.L

Last updated Jun 5, 2026

JRDE.L (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)) and LDEG.L (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) are both Europe Equities funds - JRDE.L tracks the MSCI Europe NR EUR while LDEG.L tracks the MSCI Europe Ex UK NR EUR. Both are passively managed. Over the past 3 years, JRDE.L returned 13.08%/yr vs 23.92%/yr for LDEG.L. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

JRDE.L vs. LDEG.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 L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, JRDE.L achieves a 6.47% return, which is significantly lower than LDEG.L's 10.41% return.

JRDE.L

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

LDEG.L

1D
0.89%
1M
1.38%
YTD
10.41%
6M
13.94%
1Y
30.52%
3Y*
23.92%
5Y*
16.11%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

JRDE.L vs. LDEG.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%
LDEG.L
L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF		10.41%44.92%8.83%14.32%3.42%4.29%

Correlation

The correlation between JRDE.L and LDEG.L is 0.86, 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

0.86

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

0.87

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

0.76

The correlation between JRDE.L and LDEG.L shifts across timeframes, from 0.76 (all time) to 0.87 (3 years), reflecting how their relationship changes across market environments.

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

Sectors
JRDE.L
LDEG.L

Financial Services

23.7%
41.5%

Industrials

20.4%
15.8%

Healthcare

13.3%
3.4%

Technology

8.7%
2.0%

Consumer Defensive

7.3%
3.1%

Consumer Cyclical

6.6%
3.3%

Utilities

6.0%
8.2%

Basic Materials

5.2%
9.9%

Energy

5.2%
7.7%

Communication Services

3.6%
5.2%

Real Estate

0.1%

-

Financial Services

JRDE.L
23.7%
LDEG.L
41.5%

Industrials

JRDE.L
20.4%
LDEG.L
15.8%

Healthcare

JRDE.L
13.3%
LDEG.L
3.4%

Technology

JRDE.L
8.7%
LDEG.L
2.0%

Consumer Defensive

JRDE.L
7.3%
LDEG.L
3.1%

Consumer Cyclical

JRDE.L
6.6%
LDEG.L
3.3%

Utilities

JRDE.L
6.0%
LDEG.L
8.2%

Basic Materials

JRDE.L
5.2%
LDEG.L
9.9%

Energy

JRDE.L
5.2%
LDEG.L
7.7%

Communication Services

JRDE.L
3.6%
LDEG.L
5.2%

Real Estate

JRDE.L
0.1%
LDEG.L

-

Compare stocks, funds, or ETFs

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

L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF

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 LDEG.L:
LDEG.L vs. TDGB.LLDEG.L vs. LDUK.LLDEG.L vs. FLXD.LLDEG.L vs. UKDV.LLDEG.L vs. S7XP.LLDEG.L vs. EUDVLDEG.L vs. EUHD.L

Return for Risk

JRDE.L vs. LDEG.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
LDEG.L
LDEG.L Risk / Return Rank: 7878
Overall Rank
LDEG.L Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
LDEG.L Sortino Ratio Rank: 8080
Sortino Ratio Rank
LDEG.L Omega Ratio Rank: 8080
Omega Ratio Rank
LDEG.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
LDEG.L Martin Ratio Rank: 7474
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. LDEG.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 L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.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.LLDEG.LDifference
Sharpe ratioReturn per unit of total volatility
1.53
2.63

-1.10

Sortino ratioReturn per unit of downside risk
2.16
3.52

-1.36

Omega ratioGain probability vs. loss probability

1.28

1.48

-0.19

Calmar ratioReturn relative to maximum drawdown

1.73

3.78

-2.05

Martin ratioReturn relative to average drawdown

6.00

13.82

-7.83

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. LDEG.L - Sharpe Ratio Comparison

The current JRDE.L Sharpe Ratio is 1.53, which is lower than the LDEG.L Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of JRDE.L and LDEG.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.LLDEG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.53

2.63

-1.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.24

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.72

1.24

-0.52

Drawdowns

JRDE.L vs. LDEG.L - Drawdown Comparison

The maximum JRDE.L drawdown since its inception was -15.75%, roughly equal to the maximum LDEG.L drawdown of -15.97%. Use the drawdown chart below to compare losses from any high point for JRDE.L and LDEG.L.

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Drawdown Indicators

JRDE.LLDEG.LDifference

Max Drawdown

Largest peak-to-trough decline

-15.75%

-15.97%

+0.22%

Max Drawdown (1Y)

Largest decline over 1 year

-10.94%

-8.04%

-2.90%

Max Drawdown (3Y)

Largest decline over 3 years

-12.84%

-12.05%

-0.79%

Max Drawdown (5Y)

Largest decline over 5 years

—

-15.97%

—

Current Drawdown

Current decline from peak

-2.07%

-1.33%

-0.74%

Average Drawdown

Average peak-to-trough decline

-3.73%

-2.95%

-0.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.16%

2.20%

+0.96%

Volatility

JRDE.L vs. LDEG.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 L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.L) at 3.57%. This indicates that JRDE.L's price experiences larger fluctuations and is considered to be riskier than LDEG.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.LLDEG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.98%

3.57%

+0.41%

Volatility (6M)

Calculated over the trailing 6-month period

10.29%

9.21%

+1.08%

Volatility (1Y)

Calculated over the trailing 1-year period

12.39%

11.55%

+0.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.16%

15.99%

-1.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.16%

16.01%

-1.85%

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

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

JRDE.L's dividend yield for the trailing twelve months is around 2.19%, less than LDEG.L's 3.13% yield.

PositionTTM20252024202320222021
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%
LDEG.L
L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF		3.13%3.43%4.21%4.11%3.70%3.11%

Frequently Asked Questions

JRDE.L and LDEG.L have a correlation of 0.86, 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 LDEG.L have the same expense ratio: 0.25% per year.

JRDE.L tracks MSCI Europe NR EUR, while LDEG.L tracks MSCI Europe Ex UK NR EUR. They also come from different issuers: JPMorgan and Legal & General.

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