JRZD.L vs. LDEU.L
JRZD.L (JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis)) and LDEU.L (L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis) are both Europe Equities funds. JRZD.L is actively managed, while LDEU.L is passively managed. Over the past 3 years, JRZD.L returned 15.94%/yr vs 25.18%/yr for LDEU.L. Their correlation of 0.88 suggests significant overlap in exposure.
Performance
JRZD.L vs. LDEU.L - Performance Comparison
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Returns By Period
In the year-to-date period, JRZD.L achieves a 12.09% return, which is significantly lower than LDEU.L's 14.76% return.
JRZD.L
- 1D
- -0.33%
- 1M
- 0.09%
- 6M
- 8.35%
- YTD
- 12.09%
- 1Y
- 22.35%
- 3Y*
- 15.94%
- 5Y*
- —
- 10Y*
- —
LDEU.L
- 1D
- -0.31%
- 1M
- 0.93%
- 6M
- 11.68%
- YTD
- 14.76%
- 1Y
- 29.16%
- 3Y*
- 25.18%
- 5Y*
- 17.00%
- 10Y*
- —
JRZD.L vs. LDEU.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% |
LDEU.L L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis | 14.76% | 37.56% | 14.64% | 16.76% | 0.58% |
Correlation
The correlation between JRZD.L and LDEU.L is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.88 |
The correlation between JRZD.L and LDEU.L has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.
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Return for Risk
JRZD.L vs. LDEU.L — Risk / Return Rank
JRZD.L
LDEU.L
JRZD.L vs. LDEU.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 L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis (LDEU.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 | LDEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.45 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 4.32 | -2.08 |
| Martin ratioReturn relative to average drawdown | 8.24 | 15.11 | -6.88 |
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Drawdowns
JRZD.L vs. LDEU.L - Drawdown Comparison
The maximum JRZD.L drawdown since its inception was -14.99%, smaller than the maximum LDEU.L drawdown of -20.16%. Use the drawdown chart below to compare losses from any high point for JRZD.L and LDEU.L.
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Drawdown Indicators
| JRZD.L | LDEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.99% | -20.16% | +5.17% |
Max Drawdown (1Y)Largest decline over 1 year | -10.30% | -6.80% | -3.50% |
Max Drawdown (3Y)Largest decline over 3 years | -14.78% | -14.78% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.16% | — |
Current DrawdownCurrent decline from peak | -2.49% | -0.54% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -3.03% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 1.95% | +0.86% |
Volatility
JRZD.L vs. LDEU.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 L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis (LDEU.L) at 2.88%. This indicates that JRZD.L's price experiences larger fluctuations and is considered to be riskier than LDEU.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 | LDEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 2.88% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 12.36% | 9.37% | +2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.80% | 11.66% | +3.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.53% | 14.39% | +1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.53% | 14.25% | +1.28% |
Dividends
JRZD.L vs. LDEU.L - Dividend Comparison
JRZD.L's dividend yield for the trailing twelve months is around 2.30%, less than LDEU.L's 3.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JRZD.L JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis) | 2.30% | 2.59% | 2.73% | 3.21% | 1.76% | 0.00% |
LDEU.L L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis | 3.52% | 3.47% | 4.36% | 4.44% | 4.17% | 2.93% |
Frequently Asked Questions
JRZD.L and LDEU.L have a correlation of 0.87, 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 L&G.
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