JRZE.L vs. EWT

Last updated Jun 5, 2026

JRZE.L (JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)) and EWT (iShares MSCI Taiwan ETF) are both exchange-traded funds - JRZE.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while EWT is a Asia Pacific Equities fund tracking the MSCI Taiwan Index. Both are passively managed. Over the past 3 years, JRZE.L returned 15.69%/yr vs 34.53%/yr for EWT. At a 0.37 correlation, their price movements are largely independent. JRZE.L charges 0.25%/yr vs 0.59%/yr for EWT.

Performance

JRZE.L vs. EWT - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JRZE.L) and iShares MSCI Taiwan ETF (EWT). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JRZE.L is traded in GBp, while EWT is traded in USD. To make them comparable, the EWT 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 EWT's 67.13% return.

JRZE.L

• 1D: 0.42%
• 1M: 4.70%
• YTD: 8.11%
• 6M: 9.51%
• 1Y: 21.36%
• 3Y*: 15.69%
• 5Y*: —
• 10Y*: —

EWT

• 1D: -1.08%
• 1M: 15.04%
• YTD: 67.13%
• 6M: 70.27%
• 1Y: 106.97%
• 3Y*: 34.53%
• 5Y*: 19.35%
• 10Y*: 20.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JRZE.L vs. EWT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JRZE.L JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)	8.11%	29.94%	3.35%	17.82%	5.89%
EWT iShares MSCI Taiwan ETF	67.13%	19.23%	18.14%	17.77%	-13.72%

Correlation

The correlation between JRZE.L and EWT is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.37

Return for Risk

JRZE.L vs. EWT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JRZE.L

JRZE.L Risk / Return Rank: 42
JRZE.L Sharpe Ratio Rank: 43
JRZE.L Sortino Ratio Rank: 43
JRZE.L Omega Ratio Rank: 43
JRZE.L Calmar Ratio Rank: 40
JRZE.L Martin Ratio Rank: 43

EWT

EWT Risk / Return Rank: 95
EWT Sharpe Ratio Rank: 96
EWT Sortino Ratio Rank: 94
EWT Omega Ratio Rank: 94
EWT Calmar Ratio Rank: 96
EWT Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JRZE.L vs. EWT - 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 MSCI Taiwan ETF (EWT). 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	EWT	Difference
Sharpe ratio: Return per unit of total volatility	1.48	4.66	-3.18
Sortino ratio: Return per unit of downside risk	2.15	5.30	-3.14
Omega ratio: Gain probability vs. loss probability	1.27	1.78	-0.50
Calmar ratio: Return relative to maximum drawdown	1.92	12.23	-10.31
Martin ratio: Return relative to average drawdown	6.73	35.29	-28.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JRZE.L vs. EWT - Sharpe Ratio Comparison

The current JRZE.L Sharpe Ratio is 1.48, which is lower than the EWT Sharpe Ratio of 4.66. The chart below compares the historical Sharpe Ratios of JRZE.L and EWT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JRZE.L	EWT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	4.66	-3.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.95	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.54	+0.28

Drawdowns

JRZE.L vs. EWT - Drawdown Comparison

The maximum JRZE.L drawdown since its inception was -17.17%, smaller than the maximum EWT drawdown of -49.31%. Use the drawdown chart below to compare losses from any high point for JRZE.L and EWT.

Drawdown Indicators

	JRZE.L	EWT	Difference
Max Drawdown Largest peak-to-trough decline	-17.17%	-49.31%	+32.14%
Max Drawdown (1Y) Largest decline over 1 year	-11.09%	-8.80%	-2.29%
Max Drawdown (3Y) Largest decline over 3 years	-17.17%	-26.08%	+8.91%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.99%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.99%	—
Current Drawdown Current decline from peak	-0.07%	-1.08%	+1.01%
Average Drawdown Average peak-to-trough decline	-5.49%	-9.17%	+3.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	3.04%	+0.13%

Volatility

JRZE.L vs. EWT - Volatility Comparison

The current volatility for JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JRZE.L) is 4.64%, while iShares MSCI Taiwan ETF (EWT) has a volatility of 9.72%. This indicates that JRZE.L experiences smaller price fluctuations and is considered to be less risky than EWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRZE.L	EWT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	9.72%	-5.08%
Volatility (6M) Calculated over the trailing 6-month period	11.73%	18.58%	-6.85%
Volatility (1Y) Calculated over the trailing 1-year period	14.37%	23.11%	-8.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.13%	20.52%	-1.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.13%	20.59%	-1.46%

JRZE.L vs. EWT - Expense Ratio Comparison

JRZE.L has a 0.25% expense ratio, which is lower than EWT's 0.59% expense ratio.

Dividends

JRZE.L vs. EWT - Dividend Comparison

JRZE.L has not paid dividends to shareholders, while EWT's dividend yield for the trailing twelve months is around 2.66%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EWT iShares MSCI Taiwan ETF	2.66%	4.43%	3.32%	8.12%	18.82%	0.55%	1.83%	2.49%	3.16%	2.81%	2.39%	3.12%
JRZE.L JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JRZE.L and EWT in my portfolio?

JRZE.L and EWT have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JRZE.L or EWT?

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.

Which ETF is cheaper, JRZE.L or EWT?

JRZE.L is cheaper with a 0.25% expense ratio, compared with 0.59% for EWT.

What is the main difference between JRZE.L and EWT?

JRZE.L is categorized as Europe Equities, while EWT is Asia Pacific Equities. JRZE.L tracks MSCI EMU NR EUR, while EWT tracks MSCI Taiwan Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.25% for JRZE.L and 0.59% for EWT.