JRZE.L vs. JGRE.L
JRZE.L (JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)) and JGRE.L (JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)) are both exchange-traded funds - JRZE.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while JGRE.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 3 years, JRZE.L returned 15.69%/yr vs 17.09%/yr for JGRE.L. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
JRZE.L vs. JGRE.L - Performance Comparison
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Returns By Period
In the year-to-date period, JRZE.L achieves a 8.11% return, which is significantly lower than JGRE.L's 9.61% return.
JRZE.L
- 1D
- 0.42%
- 1M
- 4.70%
- YTD
- 8.11%
- 6M
- 9.51%
- 1Y
- 21.36%
- 3Y*
- 15.69%
- 5Y*
- —
- 10Y*
- —
JGRE.L
- 1D
- 0.12%
- 1M
- 4.66%
- YTD
- 9.61%
- 6M
- 10.05%
- 1Y
- 26.28%
- 3Y*
- 17.09%
- 5Y*
- 13.30%
- 10Y*
- —
JRZE.L vs. JGRE.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% |
JGRE.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) | 9.61% | 11.65% | 20.63% | 18.59% | -1.41% |
Correlation
The correlation between JRZE.L and JGRE.L is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since May 5, 2022 | 0.72 |
The correlation between JRZE.L and JGRE.L has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.
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Return for Risk
JRZE.L vs. JGRE.L — Risk / Return Rank
JRZE.L
JGRE.L
JRZE.L vs. JGRE.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 JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JGRE.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 | JGRE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.49 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 3.93 | -2.02 |
| Martin ratioReturn relative to average drawdown | 6.73 | 16.25 | -9.51 |
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 | JGRE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 2.59 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.92 | -0.10 |
Drawdowns
JRZE.L vs. JGRE.L - Drawdown Comparison
The maximum JRZE.L drawdown since its inception was -17.17%, smaller than the maximum JGRE.L drawdown of -25.31%. Use the drawdown chart below to compare losses from any high point for JRZE.L and JGRE.L.
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Drawdown Indicators
| JRZE.L | JGRE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.17% | -25.31% | +8.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.09% | -6.65% | -4.44% |
Max Drawdown (3Y)Largest decline over 3 years | -17.17% | -18.49% | +1.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.49% | — |
Current DrawdownCurrent decline from peak | -0.07% | -0.17% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -3.10% | -2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 1.61% | +1.56% |
Volatility
JRZE.L vs. JGRE.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 JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JGRE.L) at 2.48%. This indicates that JRZE.L's price experiences larger fluctuations and is considered to be riskier than JGRE.L 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 | JGRE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 2.48% | +2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 7.20% | +4.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 10.12% | +4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.13% | 13.16% | +5.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 15.06% | +4.07% |
JRZE.L vs. JGRE.L - Expense Ratio Comparison
Both JRZE.L and JGRE.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. JGRE.L - Dividend Comparison
Neither JRZE.L nor JGRE.L has paid dividends to shareholders.
Frequently Asked Questions
JRZE.L and JGRE.L have a correlation of 0.75, 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 JGRE.L have the same expense ratio: 0.25% per year.
JRZE.L is categorized as Europe Equities, while JGRE.L is Global Equities. JRZE.L tracks MSCI EMU NR EUR, while JGRE.L tracks MSCI ACWI NR USD.
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