JREM.L vs. EMV.L
JREM.L (JPMorgan Global Emerging Markets Research Enhanced Index Equity Active UCITS ETF USD (acc)) and EMV.L (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both Emerging Markets Equities funds. JREM.L is actively managed, while EMV.L is passively managed. Over the past 5 years, JREM.L returned 6.29%/yr vs 4.89%/yr for EMV.L. Their correlation of 0.82 suggests significant overlap in exposure. JREM.L charges 0.30%/yr vs 0.40%/yr for EMV.L.
Performance
JREM.L vs. EMV.L - Performance Comparison
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Different Trading Currencies
JREM.L is traded in USD, while EMV.L is traded in GBp. To make them comparable, the EMV.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, JREM.L achieves a 23.23% return, which is significantly higher than EMV.L's 13.92% return.
JREM.L
- 1D
- -4.56%
- 1M
- -1.80%
- YTD
- 23.23%
- 6M
- 25.25%
- 1Y
- 48.04%
- 3Y*
- 22.42%
- 5Y*
- 6.29%
- 10Y*
- —
EMV.L
- 1D
- -2.89%
- 1M
- -0.01%
- YTD
- 13.92%
- 6M
- 14.36%
- 1Y
- 20.66%
- 3Y*
- 12.94%
- 5Y*
- 4.89%
- 10Y*
- 6.04%
JREM.L vs. EMV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JREM.L JPMorgan Global Emerging Markets Research Enhanced Index Equity Active UCITS ETF USD (acc) | 23.23% | 34.67% | 6.61% | 8.00% | -21.37% | -2.64% | 20.39% | 19.33% | -3.68% |
EMV.L iShares Edge MSCI EM Minimum Volatility UCITS ETF | 13.92% | 12.97% | 8.99% | 6.80% | -14.44% | 4.97% | 7.27% | 7.63% | -1.50% |
Correlation
The correlation between JREM.L and EMV.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 | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2018 | 0.82 |
The correlation between JREM.L and EMV.L has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
JREM.L vs. EMV.L — Risk / Return Rank
JREM.L
EMV.L
JREM.L vs. EMV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Emerging Markets Research Enhanced Index Equity Active UCITS ETF USD (acc) (JREM.L) and iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMV.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.
| JREM.L | EMV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.30 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 2.10 | +1.73 |
| Martin ratioReturn relative to average drawdown | 13.66 | 7.76 | +5.90 |
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
| JREM.L | EMV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 1.58 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.26 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.03 | +0.45 |
Drawdowns
JREM.L vs. EMV.L - Drawdown Comparison
The maximum JREM.L drawdown since its inception was -41.84%, smaller than the maximum EMV.L drawdown of -49.38%. Use the drawdown chart below to compare losses from any high point for JREM.L and EMV.L.
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Drawdown Indicators
| JREM.L | EMV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.84% | -49.38% | +7.54% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -9.80% | -2.70% |
Max Drawdown (3Y)Largest decline over 3 years | -16.51% | -19.82% | +3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -38.66% | -22.99% | -15.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.81% | — |
Current DrawdownCurrent decline from peak | -7.07% | -4.68% | -2.39% |
Average DrawdownAverage peak-to-trough decline | -15.34% | -27.02% | +11.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 2.66% | +0.85% |
Volatility
JREM.L vs. EMV.L - Volatility Comparison
JPMorgan Global Emerging Markets Research Enhanced Index Equity Active UCITS ETF USD (acc) (JREM.L) has a higher volatility of 9.75% compared to iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMV.L) at 5.87%. This indicates that JREM.L's price experiences larger fluctuations and is considered to be riskier than EMV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JREM.L | EMV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.75% | 5.87% | +3.88% |
Volatility (6M)Calculated over the trailing 6-month period | 18.10% | 11.51% | +6.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.64% | 13.00% | +7.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.15% | 19.07% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.55% | 17.35% | +3.20% |
JREM.L vs. EMV.L - Expense Ratio Comparison
JREM.L has a 0.30% expense ratio, which is lower than EMV.L's 0.40% expense ratio.
Dividends
JREM.L vs. EMV.L - Dividend Comparison
Neither JREM.L nor EMV.L has paid dividends to shareholders.
Frequently Asked Questions
JREM.L and EMV.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.
On fees, JREM.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREM.L is cheaper with a 0.30% expense ratio, compared with 0.40% for EMV.L.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.30% for JREM.L and 0.40% for EMV.L.
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