JREZ.DE vs. IS3H.DE
JREZ.DE (JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)) and IS3H.DE (iShares MSCI EMU Mid Cap UCITS ETF) are both Europe Equities funds - JREZ.DE tracks the JP Morgan Eurozone Research Enhanced Index Equity (ESG) while IS3H.DE tracks the MSCI EMU Mid Cap. Both are passively managed. Over the past 3 years, JREZ.DE returned 15.63%/yr vs 18.25%/yr for IS3H.DE. Their correlation of 0.92 suggests significant overlap in exposure. JREZ.DE charges 0.25%/yr vs 0.49%/yr for IS3H.DE.
Performance
JREZ.DE vs. IS3H.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with JREZ.DE having a 8.95% return and IS3H.DE slightly higher at 9.28%.
JREZ.DE
- 1D
- 0.54%
- 1M
- 4.51%
- YTD
- 8.95%
- 6M
- 10.66%
- 1Y
- 18.39%
- 3Y*
- 15.63%
- 5Y*
- —
- 10Y*
- —
IS3H.DE
- 1D
- 0.47%
- 1M
- 2.04%
- YTD
- 9.28%
- 6M
- 11.50%
- 1Y
- 17.53%
- 3Y*
- 18.25%
- 5Y*
- 9.27%
- 10Y*
- 9.47%
JREZ.DE vs. IS3H.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JREZ.DE JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) | 8.95% | 23.99% | 8.26% | 20.23% | 0.68% |
IS3H.DE iShares MSCI EMU Mid Cap UCITS ETF | 9.28% | 30.84% | 11.73% | 8.69% | -4.73% |
Correlation
The correlation between JREZ.DE and IS3H.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since May 5, 2022 | 0.92 |
The correlation between JREZ.DE and IS3H.DE has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
JREZ.DE vs. IS3H.DE — Risk / Return Rank
JREZ.DE
IS3H.DE
JREZ.DE vs. IS3H.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREZ.DE) and iShares MSCI EMU Mid Cap UCITS ETF (IS3H.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.
| JREZ.DE | IS3H.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.15 | -0.36 |
| Martin ratioReturn relative to average drawdown | 6.49 | 7.71 | -1.23 |
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
| JREZ.DE | IS3H.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.40 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.60 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.56 | +0.40 |
Drawdowns
JREZ.DE vs. IS3H.DE - Drawdown Comparison
The maximum JREZ.DE drawdown since its inception was -14.86%, smaller than the maximum IS3H.DE drawdown of -37.63%. Use the drawdown chart below to compare losses from any high point for JREZ.DE and IS3H.DE.
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Drawdown Indicators
| JREZ.DE | IS3H.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.86% | -37.63% | +22.77% |
Max Drawdown (1Y)Largest decline over 1 year | -10.20% | -8.11% | -2.09% |
Max Drawdown (3Y)Largest decline over 3 years | -14.81% | -14.21% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.63% | — |
Current DrawdownCurrent decline from peak | -0.54% | -1.34% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -2.89% | -6.35% | +3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 2.27% | +0.56% |
Volatility
JREZ.DE vs. IS3H.DE - Volatility Comparison
JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREZ.DE) has a higher volatility of 4.64% compared to iShares MSCI EMU Mid Cap UCITS ETF (IS3H.DE) at 3.33%. This indicates that JREZ.DE's price experiences larger fluctuations and is considered to be riskier than IS3H.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JREZ.DE | IS3H.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 3.33% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.16% | 9.77% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.92% | 12.45% | +2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.44% | 15.31% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 16.15% | -0.71% |
JREZ.DE vs. IS3H.DE - Expense Ratio Comparison
JREZ.DE has a 0.25% expense ratio, which is lower than IS3H.DE's 0.49% expense ratio.
Dividends
JREZ.DE vs. IS3H.DE - Dividend Comparison
Neither JREZ.DE nor IS3H.DE has paid dividends to shareholders.
Frequently Asked Questions
JREZ.DE and IS3H.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JREZ.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREZ.DE is cheaper with a 0.25% expense ratio, compared with 0.49% for IS3H.DE.
JREZ.DE tracks JP Morgan Eurozone Research Enhanced Index Equity (ESG), while IS3H.DE tracks MSCI EMU Mid Cap. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.25% for JREZ.DE and 0.49% for IS3H.DE.
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