JRZD.L vs. MVEU.L
JRZD.L (JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis)) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds. JRZD.L is actively managed, while MVEU.L is passively managed. Over the past 3 years, JRZD.L returned 15.94%/yr vs 11.85%/yr for MVEU.L. A 0.73 correlation means they provide meaningful diversification when combined.
Performance
JRZD.L vs. MVEU.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 higher than MVEU.L's 8.54% return.
JRZD.L
- 1D
- -0.33%
- 1M
- 0.09%
- 6M
- 8.35%
- YTD
- 12.09%
- 1Y
- 22.35%
- 3Y*
- 15.94%
- 5Y*
- —
- 10Y*
- —
MVEU.L
- 1D
- -0.03%
- 1M
- 1.45%
- 6M
- 6.45%
- YTD
- 8.54%
- 1Y
- 11.41%
- 3Y*
- 11.85%
- 5Y*
- 7.00%
- 10Y*
- 6.87%
JRZD.L vs. MVEU.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% |
MVEU.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) | 8.54% | 11.66% | 11.79% | 10.66% | -7.12% |
Correlation
The correlation between JRZD.L and MVEU.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.73 |
The correlation between JRZD.L and MVEU.L shifts across timeframes, from 0.60 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JRZD.L vs. MVEU.L — Risk / Return Rank
JRZD.L
MVEU.L
JRZD.L vs. MVEU.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 iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.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 | MVEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.24 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 1.61 | +0.63 |
| Martin ratioReturn relative to average drawdown | 8.24 | 4.99 | +3.25 |
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Drawdowns
JRZD.L vs. MVEU.L - Drawdown Comparison
The maximum JRZD.L drawdown since its inception was -14.99%, smaller than the maximum MVEU.L drawdown of -30.56%. Use the drawdown chart below to compare losses from any high point for JRZD.L and MVEU.L.
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Drawdown Indicators
| JRZD.L | MVEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.99% | -30.56% | +15.57% |
Max Drawdown (1Y)Largest decline over 1 year | -10.30% | -7.04% | -3.26% |
Max Drawdown (3Y)Largest decline over 3 years | -14.78% | -10.78% | -4.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.56% | — |
Current DrawdownCurrent decline from peak | -2.49% | -0.72% | -1.77% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -4.53% | +1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 2.28% | +0.53% |
Volatility
JRZD.L vs. MVEU.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 iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) at 2.44%. This indicates that JRZD.L's price experiences larger fluctuations and is considered to be riskier than MVEU.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 | MVEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 2.44% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 12.36% | 7.21% | +5.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.80% | 8.79% | +6.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.53% | 11.05% | +4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.53% | 12.15% | +3.38% |
Dividends
JRZD.L vs. MVEU.L - Dividend Comparison
JRZD.L's dividend yield for the trailing twelve months is around 2.30%, while MVEU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
JRZD.L JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis) | 2.30% | 2.59% | 2.73% | 3.21% | 1.76% |
MVEU.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JRZD.L and MVEU.L have a correlation of 0.60, 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 iShares.
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