JREE.DE vs. D5BL.DE

Last updated Jun 5, 2026

JREE.DE (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)) and D5BL.DE (Xtrackers MSCI Europe Value UCITS ETF) are both Europe Equities funds - JREE.DE tracks the JP Morgan Europe Research Enhanced Index Equity (ESG) while D5BL.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 5 years, JREE.DE returned 9.92%/yr vs 14.60%/yr for D5BL.DE. Their correlation of 0.88 suggests significant overlap in exposure. JREE.DE charges 0.25%/yr vs 0.15%/yr for D5BL.DE.

Performance

JREE.DE vs. D5BL.DE - 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 (acc) (JREE.DE) and Xtrackers MSCI Europe Value UCITS ETF (D5BL.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JREE.DE achieves a 7.37% return, which is significantly lower than D5BL.DE's 13.85% return.

JREE.DE

• 1D: 0.69%
• 1M: 1.07%
• YTD: 7.37%
• 6M: 9.76%
• 1Y: 15.96%
• 3Y*: 13.05%
• 5Y*: 9.92%
• 10Y*: —

D5BL.DE

• 1D: -0.38%
• 1M: 2.55%
• YTD: 13.85%
• 6M: 17.04%
• 1Y: 32.33%
• 3Y*: 21.76%
• 5Y*: 14.60%
• 10Y*: 10.77%

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

JREE.DE vs. D5BL.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JREE.DE JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)	7.37%	20.14%	6.61%	17.08%	-9.48%	25.69%	-1.97%	30.84%	-6.54%
D5BL.DE Xtrackers MSCI Europe Value UCITS ETF	13.85%	35.78%	10.37%	14.14%	-4.63%	26.83%	-8.58%	22.90%	-8.78%

Correlation

The correlation between JREE.DE and D5BL.DE 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	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.88

The correlation between JREE.DE and D5BL.DE has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.

Return for Risk

JREE.DE vs. D5BL.DE — Risk / Return Rank

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

JREE.DE

JREE.DE Risk / Return Rank: 35
JREE.DE Sharpe Ratio Rank: 35
JREE.DE Sortino Ratio Rank: 35
JREE.DE Omega Ratio Rank: 36
JREE.DE Calmar Ratio Rank: 32
JREE.DE Martin Ratio Rank: 38

D5BL.DE

D5BL.DE Risk / Return Rank: 70
D5BL.DE Sharpe Ratio Rank: 71
D5BL.DE Sortino Ratio Rank: 73
D5BL.DE Omega Ratio Rank: 71
D5BL.DE Calmar Ratio Rank: 67
D5BL.DE Martin Ratio Rank: 69

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.

JREE.DE vs. D5BL.DE - 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 (acc) (JREE.DE) and Xtrackers MSCI Europe Value UCITS ETF (D5BL.DE). 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.

	JREE.DE	D5BL.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.22	2.28	-1.06
Sortino ratio: Return per unit of downside risk	1.82	3.24	-1.43
Omega ratio: Gain probability vs. loss probability	1.23	1.42	-0.19
Calmar ratio: Return relative to maximum drawdown	1.60	3.28	-1.68
Martin ratio: Return relative to average drawdown	5.79	12.52	-6.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JREE.DE vs. D5BL.DE - Sharpe Ratio Comparison

The current JREE.DE Sharpe Ratio is 1.22, which is lower than the D5BL.DE Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of JREE.DE and D5BL.DE, 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

	JREE.DE	D5BL.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	2.28	-1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.93	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.48	+0.16

Drawdowns

JREE.DE vs. D5BL.DE - Drawdown Comparison

The maximum JREE.DE drawdown since its inception was -35.62%, smaller than the maximum D5BL.DE drawdown of -40.40%. Use the drawdown chart below to compare losses from any high point for JREE.DE and D5BL.DE.

Drawdown Indicators

	JREE.DE	D5BL.DE	Difference
Max Drawdown Largest peak-to-trough decline	-35.62%	-40.40%	+4.78%
Max Drawdown (1Y) Largest decline over 1 year	-9.97%	-10.02%	+0.05%
Max Drawdown (3Y) Largest decline over 3 years	-16.63%	-17.36%	+0.73%
Max Drawdown (5Y) Largest decline over 5 years	-19.02%	-19.58%	+0.56%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.40%	—
Current Drawdown Current decline from peak	-1.28%	-1.22%	-0.06%
Average Drawdown Average peak-to-trough decline	-4.59%	-7.23%	+2.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	2.63%	+0.13%

Volatility

JREE.DE vs. D5BL.DE - Volatility Comparison

The current volatility for JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREE.DE) is 4.22%, while Xtrackers MSCI Europe Value UCITS ETF (D5BL.DE) has a volatility of 4.83%. This indicates that JREE.DE experiences smaller price fluctuations and is considered to be less risky than D5BL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JREE.DE	D5BL.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	4.83%	-0.61%
Volatility (6M) Calculated over the trailing 6-month period	10.65%	11.54%	-0.89%
Volatility (1Y) Calculated over the trailing 1-year period	13.05%	14.44%	-1.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.66%	15.59%	-0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.70%	17.76%	-1.06%

JREE.DE vs. D5BL.DE - Expense Ratio Comparison

JREE.DE has a 0.25% expense ratio, which is higher than D5BL.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

JREE.DE vs. D5BL.DE - Dividend Comparison

Neither JREE.DE nor D5BL.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JREE.DE and D5BL.DE in my portfolio?

JREE.DE and D5BL.DE 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.

Which ETF is better, JREE.DE or D5BL.DE?

On fees, D5BL.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JREE.DE or D5BL.DE?

D5BL.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for JREE.DE.

What is the main difference between JREE.DE and D5BL.DE?

JREE.DE tracks JP Morgan Europe Research Enhanced Index Equity (ESG), while D5BL.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: JPMorgan and Xtrackers. Their fees differ too: 0.25% for JREE.DE and 0.15% for D5BL.DE.