JREM.L vs. JRDM.L
JREM.L (JPMorgan Global Emerging Markets Research Enhanced Index Equity Active UCITS ETF USD (acc)) and JRDM.L (JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)) are both Emerging Markets Equities funds from JPMorgan. JREM.L is actively managed, while JRDM.L is passively managed. Over the past 3 years, JREM.L returned 22.42%/yr vs 367.13%/yr for JRDM.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
JREM.L vs. JRDM.L - Performance Comparison
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Different Trading Currencies
JREM.L is traded in USD, while JRDM.L is traded in GBp. To make them comparable, the JRDM.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with JREM.L having a 23.23% return and JRDM.L slightly lower at 23.07%.
JREM.L
- 1D
- -4.56%
- 1M
- -1.80%
- YTD
- 23.23%
- 6M
- 25.25%
- 1Y
- 48.04%
- 3Y*
- 22.42%
- 5Y*
- 6.29%
- 10Y*
- —
JRDM.L
- 1D
- -4.47%
- 1M
- -1.58%
- YTD
- 23.07%
- 6M
- 24.96%
- 1Y
- 3,741.58%
- 3Y*
- 367.13%
- 5Y*
- —
- 10Y*
- —
JREM.L vs. JRDM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
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% | -2.99% |
JRDM.L JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) | 23.07% | 7,405.66% | 6.70% | 6.72% | -20.81% | -29.96% |
Correlation
The correlation between JREM.L and JRDM.L is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021 | 0.92 |
The correlation between JREM.L and JRDM.L has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
JREM.L vs. JRDM.L — Risk / Return Rank
JREM.L
JRDM.L
JREM.L vs. JRDM.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 JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRDM.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 | JRDM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -96.67 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 14.63 | -13.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 288.32 | -284.49 |
| Martin ratioReturn relative to average drawdown | 13.66 | 1,069.67 | -1,056.01 |
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 | JRDM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 3.36 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.27 | +0.21 |
Drawdowns
JREM.L vs. JRDM.L - Drawdown Comparison
The maximum JREM.L drawdown since its inception was -41.84%, smaller than the maximum JRDM.L drawdown of -52.52%. Use the drawdown chart below to compare losses from any high point for JREM.L and JRDM.L.
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Drawdown Indicators
| JREM.L | JRDM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.84% | -52.52% | +10.68% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -12.79% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -16.51% | -16.06% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -38.66% | — | — |
Current DrawdownCurrent decline from peak | -7.07% | -7.01% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -15.34% | -30.02% | +14.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 3.45% | +0.06% |
Volatility
JREM.L vs. JRDM.L - Volatility Comparison
JPMorgan Global Emerging Markets Research Enhanced Index Equity Active UCITS ETF USD (acc) (JREM.L) and JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRDM.L) have volatilities of 9.75% and 9.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JREM.L | JRDM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.75% | 9.32% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 18.10% | 16.88% | +1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.64% | 1,098.51% | -1,077.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.15% | 511.60% | -492.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.55% | 511.60% | -491.05% |
JREM.L vs. JRDM.L - Expense Ratio Comparison
Both JREM.L and JRDM.L have an expense ratio of 0.30%.
Dividends
JREM.L vs. JRDM.L - Dividend Comparison
JREM.L has not paid dividends to shareholders, while JRDM.L's dividend yield for the trailing twelve months is around 107.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
JRDM.L JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) | 107.52% | 171.80% | 2.24% | 2.42% | 3.34% |
JREM.L JPMorgan Global Emerging Markets Research Enhanced Index Equity Active UCITS ETF USD (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, JREM.L and JRDM.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JREM.L and JRDM.L have the same expense ratio: 0.30% per year.
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