JRZD.L vs. JREG.L
JRZD.L (JPM Eurozone Research Enhanced Index Equity Active UCITS ETF EUR (Dist)) and JREG.L (JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)) are both exchange-traded funds - JRZD.L is a Europe Equities fund actively managed by JPMorgan, while JREG.L is a Global Equities fund tracking the MSCI ACWI NR USD. JRZD.L is actively managed, while JREG.L is passively managed. Over the past 3 years, JRZD.L returned 16.12%/yr vs 17.77%/yr for JREG.L. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
JRZD.L vs. JREG.L - Performance Comparison
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Different Trading Currencies
JRZD.L is traded in EUR, while JREG.L is traded in USD. To make them comparable, the JREG.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with JRZD.L having a 12.63% return and JREG.L slightly higher at 12.98%.
JRZD.L
- 1D
- 0.15%
- 1M
- 0.37%
- 6M
- 8.13%
- YTD
- 12.63%
- 1Y
- 23.83%
- 3Y*
- 16.12%
- 5Y*
- —
- 10Y*
- —
JREG.L
- 1D
- -0.00%
- 1M
- 1.75%
- 6M
- 10.07%
- YTD
- 12.98%
- 1Y
- 24.43%
- 3Y*
- 17.77%
- 5Y*
- 12.59%
- 10Y*
- —
JRZD.L vs. JREG.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% |
JREG.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) | 12.98% | 5.54% | 26.52% | 21.92% | -7.59% |
Correlation
The correlation between JRZD.L and JREG.L is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.71 |
The correlation between JRZD.L and JREG.L has been stable across timeframes, ranging from 0.68 to 0.71 - a consistent structural relationship.
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Return for Risk
JRZD.L vs. JREG.L — Risk / Return Rank
JRZD.L
JREG.L
JRZD.L vs. JREG.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 JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.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 | JREG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.38 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 4.10 | -1.80 |
| Martin ratioReturn relative to average drawdown | 8.45 | 15.90 | -7.45 |
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Drawdowns
JRZD.L vs. JREG.L - Drawdown Comparison
The maximum JRZD.L drawdown since its inception was -14.99%, smaller than the maximum JREG.L drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for JRZD.L and JREG.L.
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Drawdown Indicators
| JRZD.L | JREG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.99% | -33.31% | +18.32% |
Max Drawdown (1Y)Largest decline over 1 year | -10.30% | -5.93% | -4.37% |
Max Drawdown (3Y)Largest decline over 3 years | -14.78% | -20.32% | +5.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.32% | — |
Current DrawdownCurrent decline from peak | -2.03% | -0.28% | -1.75% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -4.20% | +1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 1.53% | +1.28% |
Volatility
JRZD.L vs. JREG.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 JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.L) at 2.46%. This indicates that JRZD.L's price experiences larger fluctuations and is considered to be riskier than JREG.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 | JREG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 2.46% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 12.35% | 9.21% | +3.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.79% | 12.20% | +2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.53% | 14.95% | +0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.53% | 16.66% | -1.13% |
JRZD.L vs. JREG.L - Expense Ratio Comparison
Both JRZD.L and JREG.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
JRZD.L vs. JREG.L - Dividend Comparison
JRZD.L's dividend yield for the trailing twelve months is around 2.29%, while JREG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
JREG.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JRZD.L JPM Eurozone Research Enhanced Index Equity Active UCITS ETF EUR (Dist) | 2.29% | 2.59% | 2.73% | 3.21% | 1.76% |
Frequently Asked Questions
JRZD.L and JREG.L have a correlation of 0.71, 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.
JRZD.L and JREG.L have the same expense ratio: 0.25% per year.
JRZD.L is categorized as Europe Equities, while JREG.L is Global Equities.
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