JRZE.L vs. XIEE.DE
JRZE.L (JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)) and XIEE.DE (Xtrackers MSCI Europe UCITS ETF) are both Europe Equities funds - JRZE.L tracks the MSCI EMU NR EUR while XIEE.DE tracks the MSCI Europe. Both are passively managed. Over the past 3 years, JRZE.L returned 15.69%/yr vs 13.90%/yr for XIEE.DE. Their correlation of 0.90 suggests significant overlap in exposure. JRZE.L charges 0.25%/yr vs 0.12%/yr for XIEE.DE.
Performance
JRZE.L vs. XIEE.DE - Performance Comparison
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Different Trading Currencies
JRZE.L is traded in GBp, while XIEE.DE is traded in EUR. To make them comparable, the XIEE.DE 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 higher than XIEE.DE's 6.84% return.
JRZE.L
- 1D
- 0.42%
- 1M
- 4.70%
- YTD
- 8.11%
- 6M
- 9.51%
- 1Y
- 21.36%
- 3Y*
- 15.69%
- 5Y*
- —
- 10Y*
- —
XIEE.DE
- 1D
- 0.73%
- 1M
- 3.56%
- YTD
- 6.84%
- 6M
- 8.84%
- 1Y
- 19.25%
- 3Y*
- 13.90%
- 5Y*
- 10.15%
- 10Y*
- 10.23%
JRZE.L vs. XIEE.DE - 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% |
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 6.84% | 26.61% | 3.37% | 13.41% | 3.68% |
Correlation
The correlation between JRZE.L and XIEE.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since May 5, 2022 | 0.90 |
The correlation between JRZE.L and XIEE.DE has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
JRZE.L vs. XIEE.DE — Risk / Return Rank
JRZE.L
XIEE.DE
JRZE.L vs. XIEE.DE - 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 Xtrackers MSCI Europe UCITS ETF (XIEE.DE). 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 | XIEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.82 | +0.10 |
| Martin ratioReturn relative to average drawdown | 6.73 | 6.74 | 0.00 |
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 | XIEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.55 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.72 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.65 | +0.17 |
Drawdowns
JRZE.L vs. XIEE.DE - Drawdown Comparison
The maximum JRZE.L drawdown since its inception was -17.17%, smaller than the maximum XIEE.DE drawdown of -28.00%. Use the drawdown chart below to compare losses from any high point for JRZE.L and XIEE.DE.
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Drawdown Indicators
| JRZE.L | XIEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.17% | -28.00% | +10.83% |
Max Drawdown (1Y)Largest decline over 1 year | -11.09% | -10.56% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -17.17% | -13.81% | -3.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.92% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.00% | — |
Current DrawdownCurrent decline from peak | -0.07% | -1.26% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -3.82% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.85% | +0.32% |
Volatility
JRZE.L vs. XIEE.DE - Volatility Comparison
JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JRZE.L) has a higher volatility of 4.64% compared to Xtrackers MSCI Europe UCITS ETF (XIEE.DE) at 4.07%. This indicates that JRZE.L's price experiences larger fluctuations and is considered to be riskier than XIEE.DE 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 | XIEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 4.07% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 10.43% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 12.37% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.13% | 14.01% | +5.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 15.15% | +3.98% |
JRZE.L vs. XIEE.DE - Expense Ratio Comparison
JRZE.L has a 0.25% expense ratio, which is higher than XIEE.DE's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
JRZE.L vs. XIEE.DE - Dividend Comparison
JRZE.L has not paid dividends to shareholders, while XIEE.DE's dividend yield for the trailing twelve months is around 2.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 2.43% | 2.49% | 3.26% | 2.85% | 5.70% | 1.50% | 3.74% | 0.30% | 3.19% | 0.92% | 0.09% |
Frequently Asked Questions
JRZE.L and XIEE.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIEE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIEE.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for JRZE.L.
JRZE.L tracks MSCI EMU NR EUR, while XIEE.DE tracks MSCI Europe. They also come from different issuers: JPMorgan and Xtrackers. Their fees differ too: 0.25% for JRZE.L and 0.12% for XIEE.DE.
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