JRZD.L vs. X7PS.L
JRZD.L (JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis)) and X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF) are both Europe Equities funds. JRZD.L is actively managed, while X7PS.L is passively managed. Over the past 3 years, JRZD.L returned 15.94%/yr vs 44.72%/yr for X7PS.L. A 0.75 correlation means they provide meaningful diversification when combined.
Performance
JRZD.L vs. X7PS.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 X7PS.L's 17.93% return.
JRZD.L
- 1D
- -0.33%
- 1M
- 0.09%
- 6M
- 8.35%
- YTD
- 12.09%
- 1Y
- 22.35%
- 3Y*
- 15.94%
- 5Y*
- —
- 10Y*
- —
X7PS.L
- 1D
- 0.13%
- 1M
- 6.39%
- 6M
- 14.44%
- YTD
- 17.93%
- 1Y
- 53.36%
- 3Y*
- 44.72%
- 5Y*
- 32.08%
- 10Y*
- 16.30%
JRZD.L vs. X7PS.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% |
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF | 17.93% | 78.30% | 33.17% | 25.70% | 9.68% |
Correlation
The correlation between JRZD.L and X7PS.L is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.75 |
The correlation between JRZD.L and X7PS.L has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.
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Return for Risk
JRZD.L vs. X7PS.L — Risk / Return Rank
JRZD.L
X7PS.L
JRZD.L vs. X7PS.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 Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PS.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 | X7PS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.39 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 3.24 | -0.99 |
| Martin ratioReturn relative to average drawdown | 8.24 | 10.66 | -2.42 |
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Drawdowns
JRZD.L vs. X7PS.L - Drawdown Comparison
The maximum JRZD.L drawdown since its inception was -14.99%, smaller than the maximum X7PS.L drawdown of -60.64%. Use the drawdown chart below to compare losses from any high point for JRZD.L and X7PS.L.
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Drawdown Indicators
| JRZD.L | X7PS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.99% | -60.64% | +45.65% |
Max Drawdown (1Y)Largest decline over 1 year | -10.30% | -16.49% | +6.19% |
Max Drawdown (3Y)Largest decline over 3 years | -14.78% | -20.14% | +5.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.51% | — |
Current DrawdownCurrent decline from peak | -2.49% | -0.94% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -17.85% | +15.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 5.02% | -2.21% |
Volatility
JRZD.L vs. X7PS.L - Volatility Comparison
The current volatility for JPM Eurozone Research Enhanced Index Equity Active UCITS ETF - EUR (dis) (JRZD.L) is 4.24%, while Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PS.L) has a volatility of 5.45%. This indicates that JRZD.L experiences smaller price fluctuations and is considered to be less risky than X7PS.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 | X7PS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 5.45% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 12.36% | 18.89% | -6.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.80% | 22.39% | -7.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.53% | 23.71% | -8.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.53% | 24.86% | -9.33% |
Dividends
JRZD.L vs. X7PS.L - Dividend Comparison
JRZD.L's dividend yield for the trailing twelve months is around 2.30%, while X7PS.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% |
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JRZD.L and X7PS.L have a correlation of 0.81, 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 Invesco.
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