JRZE.L vs. IMV.L
JRZE.L (JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)) and IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) are both Europe Equities funds - JRZE.L tracks the MSCI EMU NR EUR while IMV.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 3 years, JRZE.L returned 15.69%/yr vs 10.49%/yr for IMV.L. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
JRZE.L vs. IMV.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JRZE.L achieves a 8.11% return, which is significantly higher than IMV.L's 4.72% return.
JRZE.L
- 1D
- 0.42%
- 1M
- 4.70%
- YTD
- 8.11%
- 6M
- 9.51%
- 1Y
- 21.36%
- 3Y*
- 15.69%
- 5Y*
- —
- 10Y*
- —
IMV.L
- 1D
- 0.51%
- 1M
- 1.21%
- YTD
- 4.72%
- 6M
- 5.90%
- 1Y
- 8.30%
- 3Y*
- 10.49%
- 5Y*
- 7.54%
- 10Y*
- 7.68%
JRZE.L vs. IMV.L - 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% |
IMV.L iShares Edge MSCI Europe Min Volatility UCITS | 4.72% | 17.66% | 6.63% | 8.56% | -1.38% |
Correlation
The correlation between JRZE.L and IMV.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since May 5, 2022 | 0.75 |
The correlation between JRZE.L and IMV.L shifts across timeframes, from 0.63 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JRZE.L vs. IMV.L — Risk / Return Rank
JRZE.L
IMV.L
JRZE.L vs. IMV.L - 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 Edge MSCI Europe Min Volatility UCITS (IMV.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.
| JRZE.L | IMV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.17 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 0.97 | +0.95 |
| Martin ratioReturn relative to average drawdown | 6.73 | 2.92 | +3.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| JRZE.L | IMV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 0.91 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.71 | +0.11 |
Drawdowns
JRZE.L vs. IMV.L - Drawdown Comparison
The maximum JRZE.L drawdown since its inception was -17.17%, smaller than the maximum IMV.L drawdown of -24.48%. Use the drawdown chart below to compare losses from any high point for JRZE.L and IMV.L.
Loading charts...
Drawdown Indicators
| JRZE.L | IMV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.17% | -24.48% | +7.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.09% | -8.50% | -2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -17.17% | -8.50% | -8.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.48% | — |
Current DrawdownCurrent decline from peak | -0.07% | -4.62% | +4.55% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -3.57% | -1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.83% | +0.34% |
Volatility
JRZE.L vs. IMV.L - Volatility Comparison
JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JRZE.L) has a higher volatility of 4.64% compared to iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) at 2.89%. This indicates that JRZE.L's price experiences larger fluctuations and is considered to be riskier than IMV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JRZE.L | IMV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 2.89% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 7.71% | +4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 9.13% | +5.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.13% | 10.97% | +8.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 12.31% | +6.82% |
JRZE.L vs. IMV.L - Expense Ratio Comparison
Both JRZE.L and IMV.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
JRZE.L vs. IMV.L - Dividend Comparison
Neither JRZE.L nor IMV.L has paid dividends to shareholders.
Frequently Asked Questions
JRZE.L and IMV.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JRZE.L and IMV.L have the same expense ratio: 0.25% per year.
JRZE.L tracks MSCI EMU NR EUR, while IMV.L tracks MSCI Europe NR EUR. They also come from different issuers: JPMorgan and iShares.
Find the right allocation for JRZE.L and IMV.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer