JRDM.L vs. SUSM.L

Last updated Jun 25, 2026

JRDM.L (JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)) and SUSM.L (iShares MSCI EM SRI UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - JRDM.L tracks the MSCI EM NR USD while SUSM.L tracks the MSCI EM SRI Select Reduced Fossil Fuel Index. Both are passively managed. Over the past 3 years, JRDM.L returned 366.55%/yr vs 15.68%/yr for SUSM.L. Their correlation of 0.86 suggests significant overlap in exposure. JRDM.L charges 0.30%/yr vs 0.25%/yr for SUSM.L.

Performance

JRDM.L vs. SUSM.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 (dist) (JRDM.L) and iShares MSCI EM SRI UCITS ETF USD (Acc) (SUSM.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, JRDM.L achieves a 29.29% return, which is significantly higher than SUSM.L's 16.51% return.

JRDM.L

• 1D: 0.12%
• 1M: 4.20%
• YTD: 29.29%
• 6M: 31.04%
• 1Y: 3,865.22%
• 3Y*: 366.55%
• 5Y*: —
• 10Y*: —

SUSM.L

• 1D: -0.36%
• 1M: 2.12%
• YTD: 16.51%
• 6M: 17.41%
• 1Y: 35.12%
• 3Y*: 15.68%
• 5Y*: 4.53%
• 10Y*: —

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

JRDM.L vs. SUSM.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JRDM.L JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	29.29%	6,879.02%	8.51%	1.37%	-11.34%	-28.39%
SUSM.L iShares MSCI EM SRI UCITS ETF USD (Acc)	16.51%	22.81%	6.59%	-3.89%	-8.63%	-3.37%

Correlation

The correlation between JRDM.L and SUSM.L is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021	0.86

The correlation between JRDM.L and SUSM.L has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.

Return for Risk

JRDM.L vs. SUSM.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JRDM.L

JRDM.L Risk / Return Rank: 99
JRDM.L Sharpe Ratio Rank: 96
JRDM.L Sortino Ratio Rank: 100
JRDM.L Omega Ratio Rank: 100
JRDM.L Calmar Ratio Rank: 100
JRDM.L Martin Ratio Rank: 100

SUSM.L

SUSM.L Risk / Return Rank: 55
SUSM.L Sharpe Ratio Rank: 53
SUSM.L Sortino Ratio Rank: 52
SUSM.L Omega Ratio Rank: 54
SUSM.L Calmar Ratio Rank: 58
SUSM.L Martin Ratio Rank: 55

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.

JRDM.L vs. SUSM.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 (dist) (JRDM.L) and iShares MSCI EM SRI UCITS ETF USD (Acc) (SUSM.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.

	JRDM.L	SUSM.L	Difference
Sharpe ratio: Return per unit of total volatility	3.46	1.90	+1.57
Sortino ratio: Return per unit of downside risk	101.88	2.57	+99.32
Omega ratio: Gain probability vs. loss probability	16.09	1.35	+14.74
Calmar ratio: Return relative to maximum drawdown	363.65	3.28	+360.37
Martin ratio: Return relative to average drawdown	1,209.12	10.99	+1,198.13

JRDM.L vs. SUSM.L - Sharpe Ratio Comparison

The current JRDM.L Sharpe Ratio is 3.46, which is higher than the SUSM.L Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of JRDM.L and SUSM.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.

Drawdowns

JRDM.L vs. SUSM.L - Drawdown Comparison

The maximum JRDM.L drawdown since its inception was -42.79%, which is greater than SUSM.L's maximum drawdown of -30.70%. Use the drawdown chart below to compare losses from any high point for JRDM.L and SUSM.L.

Drawdown Indicators

	JRDM.L	SUSM.L	Difference
Max Drawdown Largest peak-to-trough decline	-42.79%	-30.70%	-12.09%
Max Drawdown (1Y) Largest decline over 1 year	-10.47%	-10.65%	+0.18%
Max Drawdown (3Y) Largest decline over 3 years	-15.45%	-17.71%	+2.26%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.56%	—
Current Drawdown Current decline from peak	-4.69%	-4.39%	-0.30%
Average Drawdown Average peak-to-trough decline	-25.36%	-9.18%	-16.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	3.19%	-0.03%

Volatility

JRDM.L vs. SUSM.L - Volatility Comparison

JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRDM.L) has a higher volatility of 9.03% compared to iShares MSCI EM SRI UCITS ETF USD (Acc) (SUSM.L) at 8.02%. This indicates that JRDM.L's price experiences larger fluctuations and is considered to be riskier than SUSM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRDM.L	SUSM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.03%	8.02%	+1.01%
Volatility (6M) Calculated over the trailing 6-month period	16.41%	16.09%	+0.32%
Volatility (1Y) Calculated over the trailing 1-year period	1,099.66%	18.56%	+1,081.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	508.95%	17.86%	+491.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	508.95%	19.52%	+489.43%

JRDM.L vs. SUSM.L - Expense Ratio Comparison

JRDM.L has a 0.30% expense ratio, which is higher than SUSM.L's 0.25% expense ratio.

Dividends

JRDM.L vs. SUSM.L - Dividend Comparison

JRDM.L's dividend yield for the trailing twelve months is around 103.31%, while SUSM.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
JRDM.L JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	103.31%	171.80%	2.24%	2.42%	3.34%
SUSM.L iShares MSCI EM SRI UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JRDM.L and SUSM.L in my portfolio?

JRDM.L and SUSM.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JRDM.L or SUSM.L?

On fees, SUSM.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, JRDM.L or SUSM.L?

SUSM.L is cheaper with a 0.25% expense ratio, compared with 0.30% for JRDM.L.

What is the main difference between JRDM.L and SUSM.L?

JRDM.L tracks MSCI EM NR USD, while SUSM.L tracks MSCI EM SRI Select Reduced Fossil Fuel Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.30% for JRDM.L and 0.25% for SUSM.L.