JRZD.L vs. IMIB.L
JRZD.L (JPM Eurozone Research Enhanced Index Equity Active UCITS ETF EUR (Dist)) and IMIB.L (iShares FTSE MIB UCITS ETF EUR (Dist)) are both Europe Equities funds. JRZD.L is actively managed, while IMIB.L is passively managed. Over the past 3 years, JRZD.L returned 16.12%/yr vs 27.51%/yr for IMIB.L. Their correlation of 0.86 suggests significant overlap in exposure. JRZD.L charges 0.25%/yr vs 0.35%/yr for IMIB.L.
Performance
JRZD.L vs. IMIB.L - Performance Comparison
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Different Trading Currencies
JRZD.L is traded in EUR, while IMIB.L is traded in GBp. To make them comparable, the IMIB.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 12.63% return, which is significantly lower than IMIB.L's 18.87% return.
JRZD.L
- 1D
- 0.15%
- 1M
- -0.29%
- 6M
- 8.56%
- YTD
- 12.63%
- 1Y
- 22.34%
- 3Y*
- 16.12%
- 5Y*
- —
- 10Y*
- —
IMIB.L
- 1D
- -0.59%
- 1M
- -0.90%
- 6M
- 16.34%
- YTD
- 18.87%
- 1Y
- 34.79%
- 3Y*
- 27.51%
- 5Y*
- 21.27%
- 10Y*
- 15.43%
JRZD.L vs. IMIB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JRZD.L JPM Eurozone Research Enhanced Index Equity Active UCITS ETF EUR (Dist) | 12.63% | 23.20% | 8.54% | 20.11% | 0.90% |
IMIB.L iShares FTSE MIB UCITS ETF EUR (Dist) | 18.87% | 36.28% | 18.63% | 33.31% | 1.70% |
Correlation
The correlation between JRZD.L and IMIB.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.86 |
The correlation between JRZD.L and IMIB.L has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.
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Return for Risk
JRZD.L vs. IMIB.L — Risk / Return Rank
JRZD.L
IMIB.L
JRZD.L vs. IMIB.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 (Dist) (JRZD.L) and iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.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 | IMIB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.41 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 3.71 | -1.41 |
| Martin ratioReturn relative to average drawdown | 8.45 | 13.42 | -4.97 |
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Drawdowns
JRZD.L vs. IMIB.L - Drawdown Comparison
The maximum JRZD.L drawdown since its inception was -14.99%, smaller than the maximum IMIB.L drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for JRZD.L and IMIB.L.
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Drawdown Indicators
| JRZD.L | IMIB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.99% | -74.08% | +59.09% |
Max Drawdown (1Y)Largest decline over 1 year | -10.30% | -9.33% | -0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -14.78% | -17.52% | +2.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.31% | — |
Current DrawdownCurrent decline from peak | -2.03% | -1.90% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -40.05% | +37.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 2.59% | +0.22% |
Volatility
JRZD.L vs. IMIB.L - Volatility Comparison
JPM Eurozone Research Enhanced Index Equity Active UCITS ETF EUR (Dist) (JRZD.L) has a higher volatility of 4.24% compared to iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L) at 3.64%. This indicates that JRZD.L's price experiences larger fluctuations and is considered to be riskier than IMIB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JRZD.L | IMIB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 3.64% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 12.35% | 12.36% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.79% | 15.16% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.53% | 18.06% | -2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.53% | 19.44% | -3.91% |
JRZD.L vs. IMIB.L - Expense Ratio Comparison
JRZD.L has a 0.25% expense ratio, which is lower than IMIB.L's 0.35% expense ratio.
Dividends
JRZD.L vs. IMIB.L - Dividend Comparison
JRZD.L's dividend yield for the trailing twelve months is around 2.29%, less than IMIB.L's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMIB.L iShares FTSE MIB UCITS ETF EUR (Dist) | 3.78% | 3.83% | 4.53% | 3.77% | 3.90% | 3.15% | 1.44% | 3.41% | 0.00% | 0.61% | 2.82% | 2.15% |
JRZD.L JPM Eurozone Research Enhanced Index Equity Active UCITS ETF EUR (Dist) | 2.29% | 2.59% | 2.73% | 3.21% | 1.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JRZD.L and IMIB.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JRZD.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JRZD.L is cheaper with a 0.25% expense ratio, compared with 0.35% for IMIB.L.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.25% for JRZD.L and 0.35% for IMIB.L.
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