JREZ.DE vs. JEGI.L

Last updated Jun 26, 2026

JREZ.DE (JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)) and JEGI.L (JPMorgan European Growth & Income plc) are both Europe Equities funds from JPMorgan - JREZ.DE tracks the JP Morgan Eurozone Research Enhanced Index Equity (ESG) while JEGI.L tracks the MSCI Europe ex UK (total return). Both are passively managed. Over the past 3 years, JREZ.DE returned 17.10%/yr vs 22.46%/yr for JEGI.L. A 0.57 correlation means they provide meaningful diversification when combined. JREZ.DE charges 0.25%/yr vs 0.66%/yr for JEGI.L.

Performance

JREZ.DE vs. JEGI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREZ.DE) and JPMorgan European Growth & Income plc (JEGI.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JREZ.DE is traded in EUR, while JEGI.L is traded in GBp. To make them comparable, the JEGI.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, JREZ.DE achieves a 12.58% return, which is significantly higher than JEGI.L's 9.03% return.

JREZ.DE

• 1D: 0.93%
• 1M: 3.78%
• YTD: 12.58%
• 6M: 13.45%
• 1Y: 25.28%
• 3Y*: 17.10%
• 5Y*: —
• 10Y*: —

JEGI.L

• 1D: 0.41%
• 1M: 1.09%
• YTD: 9.03%
• 6M: 10.53%
• 1Y: 26.62%
• 3Y*: 22.46%
• 5Y*: 15.79%
• 10Y*: 19.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JREZ.DE vs. JEGI.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JREZ.DE JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)	12.58%	24.00%	8.26%	20.23%	1.33%
JEGI.L JPMorgan European Growth & Income plc	9.03%	39.71%	10.91%	21.67%	2.57%

Correlation

The correlation between JREZ.DE and JEGI.L is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (All Time) Calculated using the full available price history since Apr 26, 2022	0.57

The correlation between JREZ.DE and JEGI.L shifts across timeframes, from 0.57 (all time) to 0.75 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JREZ.DE vs. JEGI.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JREZ.DE

JREZ.DE Risk / Return Rank: 57
JREZ.DE Sharpe Ratio Rank: 56
JREZ.DE Sortino Ratio Rank: 58
JREZ.DE Omega Ratio Rank: 56
JREZ.DE Calmar Ratio Rank: 56
JREZ.DE Martin Ratio Rank: 58

JEGI.L

JEGI.L Risk / Return Rank: 37
JEGI.L Sharpe Ratio Rank: 41
JEGI.L Sortino Ratio Rank: 44
JEGI.L Omega Ratio Rank: 44
JEGI.L Calmar Ratio Rank: 27
JEGI.L Martin Ratio Rank: 31

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.

JREZ.DE vs. JEGI.L - 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 JPMorgan European Growth & Income plc (JEGI.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JREZ.DE	JEGI.L	Difference
Sharpe ratio: Return per unit of total volatility	1.68	1.46	+0.23
Sortino ratio: Return per unit of downside risk	2.46	2.20	+0.26
Omega ratio: Gain probability vs. loss probability	1.31	1.28	+0.03
Calmar ratio: Return relative to maximum drawdown	2.47	1.66	+0.81
Martin ratio: Return relative to average drawdown	9.12	6.42	+2.70

JREZ.DE vs. JEGI.L - Sharpe Ratio Comparison

The current JREZ.DE Sharpe Ratio is 1.68, which is comparable to the JEGI.L Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of JREZ.DE and JEGI.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.

Drawdowns

JREZ.DE vs. JEGI.L - Drawdown Comparison

The maximum JREZ.DE drawdown since its inception was -14.84%, smaller than the maximum JEGI.L drawdown of -79.35%. Use the drawdown chart below to compare losses from any high point for JREZ.DE and JEGI.L.

Drawdown Indicators

	JREZ.DE	JEGI.L	Difference
Max Drawdown Largest peak-to-trough decline	-14.84%	-79.35%	+64.51%
Max Drawdown (1Y) Largest decline over 1 year	-10.19%	-15.99%	+5.80%
Max Drawdown (3Y) Largest decline over 3 years	-14.81%	-15.99%	+1.18%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.18%	—
Current Drawdown Current decline from peak	-0.48%	-1.50%	+1.02%
Average Drawdown Average peak-to-trough decline	-2.86%	-13.59%	+10.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	4.14%	-1.37%

Volatility

JREZ.DE vs. JEGI.L - Volatility Comparison

The current volatility for JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREZ.DE) is 3.31%, while JPMorgan European Growth & Income plc (JEGI.L) has a volatility of 4.52%. This indicates that JREZ.DE experiences smaller price fluctuations and is considered to be less risky than JEGI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JREZ.DE	JEGI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.31%	4.52%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	12.42%	15.93%	-3.51%
Volatility (1Y) Calculated over the trailing 1-year period	14.98%	18.20%	-3.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.39%	21.59%	-6.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.39%	23.75%	-8.36%

JREZ.DE vs. JEGI.L - Expense Ratio Comparison

JREZ.DE has a 0.25% expense ratio, which is lower than JEGI.L's 0.66% expense ratio.

Dividends

JREZ.DE vs. JEGI.L - Dividend Comparison

JREZ.DE has not paid dividends to shareholders, while JEGI.L's dividend yield for the trailing twelve months is around 3.49%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEGI.L JPMorgan European Growth & Income plc	3.49%	3.43%	4.71%	4.24%	4.78%	6.12%	7.05%	12.22%	11.02%	8.46%	9.12%	9.74%
JREZ.DE JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JREZ.DE and JEGI.L in my portfolio?

JREZ.DE and JEGI.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.