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JREU.L vs. IUQD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JREU.L vs. IUQD.L

Last updated Jun 5, 2026

JREU.L (JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc)) and IUQD.L (iShares Edge MSCI USA Quality Factor UCITS ETF USD (Dist)) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from JPMorgan and iShares respectively. Both are passively managed. Over the past 5 years, JREU.L returned 13.65%/yr vs 11.94%/yr for IUQD.L. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.20% expense ratio.

Performance

JREU.L vs. IUQD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JREU.L) and iShares Edge MSCI USA Quality Factor UCITS ETF USD (Dist) (IUQD.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, JREU.L achieves a 9.52% return, which is significantly higher than IUQD.L's 8.85% return.

JREU.L

1D
-0.04%
1M
3.83%
YTD
9.52%
6M
10.51%
1Y
26.70%
3Y*
21.59%
5Y*
13.65%
10Y*
—

IUQD.L

1D
0.85%
1M
4.85%
YTD
8.85%
6M
9.69%
1Y
21.93%
3Y*
19.75%
5Y*
11.94%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

JREU.L vs. IUQD.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
JREU.L
JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc)		9.52%16.30%25.12%28.35%-18.91%30.58%19.61%30.54%-9.83%
IUQD.L
iShares Edge MSCI USA Quality Factor UCITS ETF USD (Dist)		8.85%12.64%22.37%30.89%-20.80%27.69%16.03%33.32%-10.37%

Correlation

The correlation between JREU.L and IUQD.L is 0.92, 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

0.92

Correlation (3Y)
Calculated over the trailing 3-year period

0.94

Correlation (5Y)
Calculated over the trailing 5-year period

0.96

Correlation (All Time)
Calculated using the full available price history since Oct 17, 2018

0.96

The correlation between JREU.L and IUQD.L has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

JREU.L vs. IUQD.L - Sectors Allocation Comparison

Sectors
JREU.L
IUQD.L

Technology

35.7%
36.5%

Financial Services

11.6%
11.5%

Communication Services

11.1%
11.1%

Consumer Cyclical

11.1%
9.4%

Healthcare

8.6%
9.0%

Industrials

8.2%
8.2%

Consumer Defensive

4.2%
4.9%

Energy

3.5%
4.0%

Utilities

2.4%
1.9%

Real Estate

1.9%
1.8%

Basic Materials

1.9%
1.7%

Technology

JREU.L
35.7%
IUQD.L
36.5%

Financial Services

JREU.L
11.6%
IUQD.L
11.5%

Communication Services

JREU.L
11.1%
IUQD.L
11.1%

Consumer Cyclical

JREU.L
11.1%
IUQD.L
9.4%

Healthcare

JREU.L
8.6%
IUQD.L
9.0%

Industrials

JREU.L
8.2%
IUQD.L
8.2%

Consumer Defensive

JREU.L
4.2%
IUQD.L
4.9%

Energy

JREU.L
3.5%
IUQD.L
4.0%

Utilities

JREU.L
2.4%
IUQD.L
1.9%

Real Estate

JREU.L
1.9%
IUQD.L
1.8%

Basic Materials

JREU.L
1.9%
IUQD.L
1.7%

Compare stocks, funds, or ETFs

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JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc)

iShares Edge MSCI USA Quality Factor UCITS ETF USD (Dist)

Often compared with JREU.L:
JREU.L vs. SPYJREU.L vs. JREG.LJREU.L vs. JURE.LJREU.L vs. JREE.DEJREU.L vs. FRXT.LJREU.L vs. IUVF.LJREU.L vs. CSPX.L
Often compared with IUQD.L:
IUQD.L vs. XZEW.DEIUQD.L vs. QUALIUQD.L vs. VWRP.LIUQD.L vs. VOOIUQD.L vs. EQQQ.LIUQD.L vs. EUDV.LIUQD.L vs. XDEQ.L

Return for Risk

JREU.L vs. IUQD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JREU.L
JREU.L Risk / Return Rank: 7272
Overall Rank
JREU.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
JREU.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
JREU.L Omega Ratio Rank: 7272
Omega Ratio Rank
JREU.L Calmar Ratio Rank: 6565
Calmar Ratio Rank
JREU.L Martin Ratio Rank: 7575
Martin Ratio Rank
IUQD.L
IUQD.L Risk / Return Rank: 6161
Overall Rank
IUQD.L Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
IUQD.L Sortino Ratio Rank: 6666
Sortino Ratio Rank
IUQD.L Omega Ratio Rank: 6060
Omega Ratio Rank
IUQD.L Calmar Ratio Rank: 5454
Calmar Ratio Rank
IUQD.L Martin Ratio Rank: 6565
Martin Ratio Rank
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.

JREU.L vs. IUQD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JREU.L) and iShares Edge MSCI USA Quality Factor UCITS ETF USD (Dist) (IUQD.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.

JREU.LIUQD.LDifference
Sharpe ratioReturn per unit of total volatility
2.31
1.97

+0.33

Sortino ratioReturn per unit of downside risk
3.40
3.00

+0.40

Omega ratioGain probability vs. loss probability

1.42

1.36

+0.06

Calmar ratioReturn relative to maximum drawdown

3.17

2.64

+0.52

Martin ratioReturn relative to average drawdown

14.09

11.66

+2.43

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JREU.L vs. IUQD.L - Sharpe Ratio Comparison

The current JREU.L Sharpe Ratio is 2.31, which is comparable to the IUQD.L Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of JREU.L and IUQD.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.

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Sharpe Ratios by Period

JREU.LIUQD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.31

1.97

+0.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.85

0.73

+0.12

Sharpe Ratio (All Time)

Calculated using the full available price history

0.89

0.77

+0.12

Drawdowns

JREU.L vs. IUQD.L - Drawdown Comparison

The maximum JREU.L drawdown since its inception was -34.56%, roughly equal to the maximum IUQD.L drawdown of -33.83%. Use the drawdown chart below to compare losses from any high point for JREU.L and IUQD.L.

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Drawdown Indicators

JREU.LIUQD.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.56%

-33.83%

-0.73%

Max Drawdown (1Y)

Largest decline over 1 year

-8.40%

-8.26%

-0.14%

Max Drawdown (3Y)

Largest decline over 3 years

-18.61%

-17.93%

-0.68%

Max Drawdown (5Y)

Largest decline over 5 years

-24.31%

-27.75%

+3.44%

Current Drawdown

Current decline from peak

-0.59%

0.00%

-0.59%

Average Drawdown

Average peak-to-trough decline

-4.99%

-5.46%

+0.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

1.88%

+0.01%

Volatility

JREU.L vs. IUQD.L - Volatility Comparison

JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JREU.L) has a higher volatility of 3.08% compared to iShares Edge MSCI USA Quality Factor UCITS ETF USD (Dist) (IUQD.L) at 2.79%. This indicates that JREU.L's price experiences larger fluctuations and is considered to be riskier than IUQD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JREU.LIUQD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.08%

2.79%

+0.29%

Volatility (6M)

Calculated over the trailing 6-month period

8.48%

8.13%

+0.35%

Volatility (1Y)

Calculated over the trailing 1-year period

11.52%

11.08%

+0.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.03%

16.26%

-0.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.85%

17.56%

+0.29%

JREU.L vs. IUQD.L - Expense Ratio Comparison

Both JREU.L and IUQD.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

JREU.L vs. IUQD.L - Dividend Comparison

JREU.L has not paid dividends to shareholders, while IUQD.L's dividend yield for the trailing twelve months is around 0.67%.

PositionTTM20252024202320222021202020192018
IUQD.L
iShares Edge MSCI USA Quality Factor UCITS ETF USD (Dist)		0.67%0.73%0.84%1.05%1.34%0.95%1.21%1.32%1.44%
JREU.L
JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.92, JREU.L and IUQD.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 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

JREU.L and IUQD.L have the same expense ratio: 0.20% per year.

Both ETFs track Russell 1000 TR USD. They also come from different issuers: JPMorgan and iShares.

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