JRZD.L vs. CS1.L
JRZD.L (JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis)) and CS1.L (Amundi ETF MSCI Spain UCITS ETF EUR (C)) are both Europe Equities funds. JRZD.L is actively managed, while CS1.L is passively managed. Over the past 3 years, JRZD.L returned 15.94%/yr vs 31.45%/yr for CS1.L. A 0.76 correlation means they provide meaningful diversification when combined.
Performance
JRZD.L vs. CS1.L - Performance Comparison
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Different Trading Currencies
JRZD.L is traded in EUR, while CS1.L is traded in GBp. To make them comparable, the CS1.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, JRZD.L achieves a 12.09% return, which is significantly lower than CS1.L's 13.92% return.
JRZD.L
- 1D
- -0.33%
- 1M
- 0.09%
- 6M
- 8.35%
- YTD
- 12.09%
- 1Y
- 22.35%
- 3Y*
- 15.94%
- 5Y*
- —
- 10Y*
- —
CS1.L
- 1D
- -0.56%
- 1M
- 2.00%
- 6M
- 10.96%
- YTD
- 13.92%
- 1Y
- 43.51%
- 3Y*
- 31.45%
- 5Y*
- 22.19%
- 10Y*
- 12.07%
JRZD.L vs. CS1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JRZD.L JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis) | 12.09% | 23.20% | 8.54% | 20.11% | 0.90% |
CS1.L Amundi ETF MSCI Spain UCITS ETF EUR (C) | 13.92% | 54.15% | 19.62% | 26.77% | -1.36% |
Correlation
The correlation between JRZD.L and CS1.L is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.76 |
The correlation between JRZD.L and CS1.L has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.
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Return for Risk
JRZD.L vs. CS1.L — Risk / Return Rank
JRZD.L
CS1.L
JRZD.L vs. CS1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis) (JRZD.L) and Amundi ETF MSCI Spain UCITS ETF EUR (C) (CS1.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.
| JRZD.L | CS1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.48 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 4.53 | -2.28 |
| Martin ratioReturn relative to average drawdown | 8.24 | 15.63 | -7.39 |
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Drawdowns
JRZD.L vs. CS1.L - Drawdown Comparison
The maximum JRZD.L drawdown since its inception was -14.99%, smaller than the maximum CS1.L drawdown of -52.19%. Use the drawdown chart below to compare losses from any high point for JRZD.L and CS1.L.
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Drawdown Indicators
| JRZD.L | CS1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.99% | -52.19% | +37.20% |
Max Drawdown (1Y)Largest decline over 1 year | -10.30% | -9.56% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -14.78% | -12.80% | -1.98% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.60% | — |
Current DrawdownCurrent decline from peak | -2.49% | -2.44% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -15.28% | +12.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 2.78% | +0.03% |
Volatility
JRZD.L vs. CS1.L - Volatility Comparison
JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis) (JRZD.L) and Amundi ETF MSCI Spain UCITS ETF EUR (C) (CS1.L) have volatilities of 4.24% and 4.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JRZD.L | CS1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 4.23% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.36% | 13.98% | -1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.80% | 16.43% | -1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.53% | 18.72% | -3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.53% | 19.26% | -3.73% |
Dividends
JRZD.L vs. CS1.L - Dividend Comparison
JRZD.L's dividend yield for the trailing twelve months is around 2.30%, while CS1.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CS1.L Amundi ETF MSCI Spain UCITS ETF EUR (C) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JRZD.L JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis) | 2.30% | 2.59% | 2.73% | 3.21% | 1.76% |
Frequently Asked Questions
JRZD.L and CS1.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: ETF Issuer and Amundi.
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