JRGD.DE vs. HMEU.L
JRGD.DE (JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)) and HMEU.L (HSBC MSCI Europe UCITS ETF) are both exchange-traded funds - JRGD.DE is a Global Equities fund tracking the JP Morgan Global Research Enhanced Index Equity (ESG), while HMEU.L is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 3 years, JRGD.DE returned 16.83%/yr vs 14.56%/yr for HMEU.L. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
JRGD.DE vs. HMEU.L - Performance Comparison
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Different Trading Currencies
JRGD.DE is traded in EUR, while HMEU.L is traded in GBp. To make them comparable, the HMEU.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, JRGD.DE achieves a 10.32% return, which is significantly higher than HMEU.L's 7.68% return.
JRGD.DE
- 1D
- 0.00%
- 1M
- 4.30%
- YTD
- 10.32%
- 6M
- 10.92%
- 1Y
- 22.73%
- 3Y*
- 16.83%
- 5Y*
- —
- 10Y*
- —
HMEU.L
- 1D
- 0.52%
- 1M
- 3.26%
- YTD
- 7.68%
- 6M
- 9.79%
- 1Y
- 16.04%
- 3Y*
- 14.56%
- 5Y*
- 10.57%
- 10Y*
- 9.45%
JRGD.DE vs. HMEU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JRGD.DE JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) | 10.32% | 6.67% | 25.38% | 21.25% | -13.07% | 10.88% |
HMEU.L HSBC MSCI Europe UCITS ETF | 7.68% | 19.31% | 11.36% | 15.68% | -8.33% | 6.05% |
Correlation
The correlation between JRGD.DE and HMEU.L is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021 | 0.70 |
The correlation between JRGD.DE and HMEU.L has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.
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Return for Risk
JRGD.DE vs. HMEU.L — Risk / Return Rank
JRGD.DE
HMEU.L
JRGD.DE vs. HMEU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRGD.DE) and HSBC MSCI Europe UCITS ETF (HMEU.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.
| JRGD.DE | HMEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.24 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 1.70 | +2.04 |
| Martin ratioReturn relative to average drawdown | 15.47 | 6.24 | +9.23 |
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
| JRGD.DE | HMEU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 1.27 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.75 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.62 | +0.23 |
Drawdowns
JRGD.DE vs. HMEU.L - Drawdown Comparison
The maximum JRGD.DE drawdown since its inception was -21.56%, smaller than the maximum HMEU.L drawdown of -35.98%. Use the drawdown chart below to compare losses from any high point for JRGD.DE and HMEU.L.
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Drawdown Indicators
| JRGD.DE | HMEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.56% | -35.98% | +14.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.06% | -9.41% | +3.35% |
Max Drawdown (3Y)Largest decline over 3 years | -21.56% | -15.73% | -5.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.98% | — |
Current DrawdownCurrent decline from peak | -0.35% | -0.63% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -5.25% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 2.57% | -1.10% |
Volatility
JRGD.DE vs. HMEU.L - Volatility Comparison
The current volatility for JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRGD.DE) is 2.43%, while HSBC MSCI Europe UCITS ETF (HMEU.L) has a volatility of 3.96%. This indicates that JRGD.DE experiences smaller price fluctuations and is considered to be less risky than HMEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JRGD.DE | HMEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.43% | 3.96% | -1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 7.47% | 10.28% | -2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.91% | 12.58% | -1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.33% | 14.25% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.33% | 16.25% | -1.92% |
JRGD.DE vs. HMEU.L - Expense Ratio Comparison
Both JRGD.DE and HMEU.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
JRGD.DE vs. HMEU.L - Dividend Comparison
JRGD.DE's dividend yield for the trailing twelve months is around 0.89%, less than HMEU.L's 2.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMEU.L HSBC MSCI Europe UCITS ETF | 2.44% | 2.55% | 5.65% | 2.80% | 2.85% | 2.16% | 2.13% | 3.10% | 3.29% | 2.77% | 2.82% | 5.28% |
JRGD.DE JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) | 0.89% | 0.89% | 0.91% | 0.85% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JRGD.DE and HMEU.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JRGD.DE and HMEU.L have the same expense ratio: 0.25% per year.
JRGD.DE is categorized as Global Equities, while HMEU.L is Europe Equities. JRGD.DE tracks JP Morgan Global Research Enhanced Index Equity (ESG), while HMEU.L tracks MSCI Europe NR EUR. They also come from different issuers: JPMorgan and HSBC.
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