JREU.L vs. JRUD.DE
JREU.L (JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc)) and JRUD.DE (JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)) are both Large Cap Blend Equities funds from JPMorgan - JREU.L tracks the Russell 1000 TR USD while JRUD.DE tracks the JP Morgan US Research Enhanced Index Equity (ESG). Both are passively managed. Over the past 5 years, JREU.L returned 13.65%/yr vs 13.56%/yr for JRUD.DE. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
JREU.L vs. JRUD.DE - Performance Comparison
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Different Trading Currencies
JREU.L is traded in USD, while JRUD.DE is traded in EUR. To make them comparable, the JRUD.DE 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 JREU.L having a 9.52% return and JRUD.DE slightly lower at 9.23%.
JREU.L
- 1D
- -0.04%
- 1M
- 3.83%
- YTD
- 9.52%
- 6M
- 10.51%
- 1Y
- 26.70%
- 3Y*
- 21.59%
- 5Y*
- 13.65%
- 10Y*
- —
JRUD.DE
- 1D
- -0.01%
- 1M
- 3.90%
- YTD
- 9.23%
- 6M
- 10.46%
- 1Y
- 26.58%
- 3Y*
- 21.49%
- 5Y*
- 13.56%
- 10Y*
- —
JREU.L vs. JRUD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
JRUD.DE JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) | 9.23% | 17.09% | 24.55% | 27.85% | -19.47% | 30.98% | 19.05% | 0.51% |
Correlation
The correlation between JREU.L and JRUD.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2019 | 0.91 |
The correlation between JREU.L and JRUD.DE has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
JREU.L vs. JRUD.DE — Risk / Return Rank
JREU.L
JRUD.DE
JREU.L vs. JRUD.DE - 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 JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRUD.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.
| JREU.L | JRUD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.41 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.12 | +0.04 |
| Martin ratioReturn relative to average drawdown | 14.09 | 13.64 | +0.45 |
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
| JREU.L | JRUD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 2.32 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.84 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.85 | +0.04 |
Drawdowns
JREU.L vs. JRUD.DE - Drawdown Comparison
The maximum JREU.L drawdown since its inception was -34.56%, roughly equal to the maximum JRUD.DE drawdown of -34.63%. Use the drawdown chart below to compare losses from any high point for JREU.L and JRUD.DE.
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Drawdown Indicators
| JREU.L | JRUD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.56% | -34.63% | +0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -8.48% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -18.61% | -19.74% | +1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -24.31% | -24.37% | +0.06% |
Current DrawdownCurrent decline from peak | -0.59% | -0.64% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -5.54% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 1.94% | -0.05% |
Volatility
JREU.L vs. JRUD.DE - Volatility Comparison
JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JREU.L) has a higher volatility of 3.08% compared to JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRUD.DE) at 2.71%. This indicates that JREU.L's price experiences larger fluctuations and is considered to be riskier than JRUD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JREU.L | JRUD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 2.71% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.48% | 8.01% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 11.40% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 16.00% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.85% | 18.42% | -0.57% |
JREU.L vs. JRUD.DE - Expense Ratio Comparison
Both JREU.L and JRUD.DE 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. JRUD.DE - Dividend Comparison
JREU.L has not paid dividends to shareholders, while JRUD.DE's dividend yield for the trailing twelve months is around 0.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JREU.L JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JRUD.DE JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) | 0.58% | 0.57% | 0.44% | 0.78% | 0.88% | 0.65% |
Frequently Asked Questions
With a correlation of 0.90, JREU.L and JRUD.DE 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 JRUD.DE have the same expense ratio: 0.20% per year.
JREU.L tracks Russell 1000 TR USD, while JRUD.DE tracks JP Morgan US Research Enhanced Index Equity (ESG).
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