JREE.L vs. LDEG.L
JREE.L (JPMorgan Europe Research Enhanced Index Equity UCITS ETF - EUR (acc)) and LDEG.L (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) are both Europe Equities funds - JREE.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 5 years, JREE.L returned 9.91%/yr vs 16.02%/yr for LDEG.L. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
JREE.L vs. LDEG.L - Performance Comparison
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Different Trading Currencies
JREE.L is traded in EUR, while LDEG.L is traded in GBp. To make them comparable, the LDEG.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, JREE.L achieves a 7.53% return, which is significantly lower than LDEG.L's 11.39% return.
JREE.L
- 1D
- 0.47%
- 1M
- 3.26%
- YTD
- 7.53%
- 6M
- 9.59%
- 1Y
- 16.01%
- 3Y*
- 13.02%
- 5Y*
- 9.91%
- 10Y*
- —
LDEG.L
- 1D
- 0.80%
- 1M
- 1.18%
- YTD
- 11.39%
- 6M
- 15.09%
- 1Y
- 27.10%
- 3Y*
- 23.74%
- 5Y*
- 16.02%
- 10Y*
- —
JREE.L vs. LDEG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JREE.L JPMorgan Europe Research Enhanced Index Equity UCITS ETF - EUR (acc) | 7.53% | 19.14% | 7.41% | 16.76% | -8.83% | 11.86% |
LDEG.L L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 11.39% | 37.36% | 14.08% | 16.74% | -0.87% | 5.34% |
Correlation
The correlation between JREE.L and LDEG.L is 0.83, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since May 10, 2021 | 0.71 |
The correlation between JREE.L and LDEG.L shifts across timeframes, from 0.71 (all time) to 0.84 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
JREE.L vs. LDEG.L — Risk / Return Rank
JREE.L
LDEG.L
JREE.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 UCITS ETF - EUR (acc) (JREE.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.
| JREE.L | LDEG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.42 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 3.90 | -2.30 |
| Martin ratioReturn relative to average drawdown | 5.72 | 13.75 | -8.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JREE.L | LDEG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 2.32 | -1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 1.25 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 1.26 | -0.60 |
Drawdowns
JREE.L vs. LDEG.L - Drawdown Comparison
The maximum JREE.L drawdown since its inception was -35.07%, which is greater than LDEG.L's maximum drawdown of -19.76%. Use the drawdown chart below to compare losses from any high point for JREE.L and LDEG.L.
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Drawdown Indicators
| JREE.L | LDEG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.07% | -19.76% | -15.31% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -6.92% | -3.05% |
Max Drawdown (3Y)Largest decline over 3 years | -16.24% | -13.74% | -2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -19.25% | -19.76% | +0.51% |
Current DrawdownCurrent decline from peak | -0.51% | -1.36% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -2.97% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 1.97% | +0.82% |
Volatility
JREE.L vs. LDEG.L - Volatility Comparison
JPMorgan Europe Research Enhanced Index Equity UCITS ETF - EUR (acc) (JREE.L) has a higher volatility of 4.49% compared to L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.L) at 3.53%. This indicates that JREE.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
| JREE.L | LDEG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 3.53% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 10.52% | 9.10% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.95% | 11.65% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.45% | 15.82% | -1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.55% | 15.81% | +0.74% |
JREE.L vs. LDEG.L - Expense Ratio Comparison
Both JREE.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
JREE.L vs. LDEG.L - Dividend Comparison
JREE.L has not paid dividends to shareholders, while LDEG.L's dividend yield for the trailing twelve months is around 3.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JREE.L JPMorgan Europe Research Enhanced Index Equity UCITS ETF - EUR (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
JREE.L and LDEG.L have a correlation of 0.83, 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.
JREE.L and LDEG.L have the same expense ratio: 0.25% per year.
JREE.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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