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JRZD.L vs. JRDE.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JRZD.L vs. JRDE.L

Last updated Jul 16, 2026
Documentation

JRZD.L (JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis)) and JRDE.L (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)) are both Europe Equities funds. JRZD.L is actively managed, while JRDE.L is passively managed. Over the past 3 years, JRZD.L returned 15.94%/yr vs 26.95%/yr for JRDE.L. Their correlation of 0.93 suggests significant overlap in exposure.

Performance

JRZD.L vs. JRDE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis) (JRZD.L) and JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

The year-to-date returns for both stocks are quite close, with JRZD.L having a 12.09% return and JRDE.L slightly lower at 11.68%.

JRZD.L

1D
-0.33%
1M
0.09%
6M
8.35%
YTD
12.09%
1Y
22.35%
3Y*
15.94%
5Y*
—
10Y*
—

JRDE.L

1D
0.12%
1M
1.96%
6M
8.26%
YTD
11.68%
1Y
67.96%
3Y*
26.95%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

JRZD.L vs. JRDE.L - Yearly Performance Comparison

2026 (YTD)2025202420232022
JRZD.L
JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis)		12.09%23.20%8.54%20.11%0.90%
JRDE.L
JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)		11.68%63.46%7.14%16.83%-1.44%

Correlation

The correlation between JRZD.L and JRDE.L is 0.94, 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

0.94

Correlation (3Y)
Calculated over the trailing 3-year period

0.93

Correlation (All Time)
Calculated using the full available price history since May 4, 2022

0.93

The correlation between JRZD.L and JRDE.L has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis)

JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)

Often compared with JRDE.L:
JRDE.L vs. JRDM.LJRDE.L vs. JRDG.LJRDE.L vs. CS1.LJRDE.L vs. EEI.LJRDE.L vs. EUHD.LJRDE.L vs. BBDD.LJRDE.L vs. EEIP.L

Return for Risk

JRZD.L vs. JRDE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JRZD.L
JRZD.L Risk / Return Rank: 5858
Overall Rank
JRZD.L Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
JRZD.L Sortino Ratio Rank: 5959
Sortino Ratio Rank
JRZD.L Omega Ratio Rank: 5858
Omega Ratio Rank
JRZD.L Calmar Ratio Rank: 5555
Calmar Ratio Rank
JRZD.L Martin Ratio Rank: 5959
Martin Ratio Rank
JRDE.L
JRDE.L Risk / Return Rank: 8989
Overall Rank
JRDE.L Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
JRDE.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
JRDE.L Omega Ratio Rank: 9797
Omega Ratio Rank
JRDE.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
JRDE.L Martin Ratio Rank: 9494
Martin Ratio Rank
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.

JRZD.L vs. JRDE.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 JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.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.LJRDE.LDifference
Sharpe ratioReturn per unit of total volatility
1.57
1.75

-0.19

Sortino ratioReturn per unit of downside risk
2.28
6.83

-4.55

Omega ratioGain probability vs. loss probability

1.29

1.88

-0.59

Calmar ratioReturn relative to maximum drawdown

2.25

6.80

-4.56

Martin ratioReturn relative to average drawdown

8.24

25.31

-17.07

JRZD.L vs. JRDE.L - Sharpe Ratio Comparison

The current JRZD.L Sharpe Ratio is 1.57, which is comparable to the JRDE.L Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of JRZD.L and JRDE.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.

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Drawdowns

JRZD.L vs. JRDE.L - Drawdown Comparison

The maximum JRZD.L drawdown since its inception was -14.99%, smaller than the maximum JRDE.L drawdown of -25.76%. Use the drawdown chart below to compare losses from any high point for JRZD.L and JRDE.L.

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Drawdown Indicators

JRZD.LJRDE.LDifference

Max Drawdown

Largest peak-to-trough decline

-14.99%

-25.76%

+10.77%

Max Drawdown (1Y)

Largest decline over 1 year

-10.30%

-9.94%

-0.36%

Max Drawdown (3Y)

Largest decline over 3 years

-14.78%

-15.92%

+1.14%

Current Drawdown

Current decline from peak

-2.49%

-1.49%

-1.00%

Average Drawdown

Average peak-to-trough decline

-2.85%

-7.42%

+4.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.81%

2.68%

+0.13%

Volatility

JRZD.L vs. JRDE.L - Volatility Comparison

JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis) (JRZD.L) has a higher volatility of 4.24% compared to JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) at 3.43%. This indicates that JRZD.L's price experiences larger fluctuations and is considered to be riskier than JRDE.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.LJRDE.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.24%

3.43%

+0.81%

Volatility (6M)

Calculated over the trailing 6-month period

12.36%

10.70%

+1.66%

Volatility (1Y)

Calculated over the trailing 1-year period

14.80%

38.56%

-23.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.53%

22.86%

-7.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.53%

22.86%

-7.33%

Dividends

JRZD.L vs. JRDE.L - Dividend Comparison

JRZD.L's dividend yield for the trailing twelve months is around 2.30%, less than JRDE.L's 26.94% yield.

PositionTTM2025202420232022
JRDE.L
JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)		26.94%28.15%2.68%1.11%2.99%
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

With a correlation of 0.94, JRZD.L and JRDE.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

They also come from different issuers: ETF Issuer and JPMorgan.

Portfolio Optimizer

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