JRZE.L vs. COPM.AS
JRZE.L (JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)) and COPM.AS (iShares Copper Miners UCITS ETF) are both exchange-traded funds - JRZE.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while COPM.AS is a Commodity Producers Equities fund tracking the STOXX Global Copper Miners Index. Both are passively managed. Over the past year, JRZE.L returned 21.36% vs 106.15% for COPM.AS. At a 0.44 correlation, their price movements are largely independent. JRZE.L charges 0.25%/yr vs 0.55%/yr for COPM.AS.
Performance
JRZE.L vs. COPM.AS - Performance Comparison
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Different Trading Currencies
JRZE.L is traded in GBp, while COPM.AS is traded in USD. To make them comparable, the COPM.AS values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, JRZE.L achieves a 8.11% return, which is significantly lower than COPM.AS's 26.50% return.
JRZE.L
- 1D
- 0.42%
- 1M
- 4.70%
- YTD
- 8.11%
- 6M
- 9.51%
- 1Y
- 21.36%
- 3Y*
- 15.69%
- 5Y*
- —
- 10Y*
- —
COPM.AS
- 1D
- -1.41%
- 1M
- 14.04%
- YTD
- 26.50%
- 6M
- 35.65%
- 1Y
- 106.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JRZE.L vs. COPM.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JRZE.L JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) | 8.11% | 29.94% | 3.35% | 7.82% |
COPM.AS iShares Copper Miners UCITS ETF | 26.50% | 69.19% | 2.20% | 4.54% |
Correlation
The correlation between JRZE.L and COPM.AS is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.44 |
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Return for Risk
JRZE.L vs. COPM.AS — Risk / Return Rank
JRZE.L
COPM.AS
JRZE.L vs. COPM.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JRZE.L) and iShares Copper Miners UCITS ETF (COPM.AS). 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.
| JRZE.L | COPM.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.44 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 4.37 | -2.45 |
| Martin ratioReturn relative to average drawdown | 6.73 | 16.25 | -9.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JRZE.L | COPM.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 2.94 | -1.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 1.09 | -0.27 |
Drawdowns
JRZE.L vs. COPM.AS - Drawdown Comparison
The maximum JRZE.L drawdown since its inception was -17.17%, smaller than the maximum COPM.AS drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for JRZE.L and COPM.AS.
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Drawdown Indicators
| JRZE.L | COPM.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.17% | -37.66% | +20.49% |
Max Drawdown (1Y)Largest decline over 1 year | -11.09% | -23.88% | +12.79% |
Max Drawdown (3Y)Largest decline over 3 years | -17.17% | — | — |
Current DrawdownCurrent decline from peak | -0.07% | -3.47% | +3.40% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -12.01% | +6.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 6.45% | -3.28% |
Volatility
JRZE.L vs. COPM.AS - Volatility Comparison
The current volatility for JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JRZE.L) is 4.64%, while iShares Copper Miners UCITS ETF (COPM.AS) has a volatility of 13.13%. This indicates that JRZE.L experiences smaller price fluctuations and is considered to be less risky than COPM.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JRZE.L | COPM.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 13.13% | -8.49% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 30.24% | -18.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 35.47% | -21.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.13% | 32.26% | -13.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 32.26% | -13.13% |
JRZE.L vs. COPM.AS - Expense Ratio Comparison
JRZE.L has a 0.25% expense ratio, which is lower than COPM.AS's 0.55% expense ratio.
Dividends
JRZE.L vs. COPM.AS - Dividend Comparison
Neither JRZE.L nor COPM.AS has paid dividends to shareholders.
Frequently Asked Questions
JRZE.L and COPM.AS have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JRZE.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JRZE.L is cheaper with a 0.25% expense ratio, compared with 0.55% for COPM.AS.
JRZE.L is categorized as Europe Equities, while COPM.AS is Commodity Producers Equities. JRZE.L tracks MSCI EMU NR EUR, while COPM.AS tracks STOXX Global Copper Miners Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.25% for JRZE.L and 0.55% for COPM.AS.
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