JUKC.L vs. IMV.L
JUKC.L (JPMorgan UK Equity Core UCITS ETF GBP (acc)) and IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) are both Europe Equities funds - JUKC.L tracks the FTSE AllSh TR GBP while IMV.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 3 years, JUKC.L returned 14.98%/yr vs 10.49%/yr for IMV.L. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
JUKC.L vs. IMV.L - Performance Comparison
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Returns By Period
In the year-to-date period, JUKC.L achieves a 6.47% return, which is significantly higher than IMV.L's 4.72% return.
JUKC.L
- 1D
- 0.34%
- 1M
- 2.18%
- YTD
- 6.47%
- 6M
- 8.36%
- 1Y
- 20.86%
- 3Y*
- 14.98%
- 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%
JUKC.L vs. IMV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JUKC.L JPMorgan UK Equity Core UCITS ETF GBP (acc) | 6.47% | 24.96% | 9.72% | 7.55% | 5.74% |
IMV.L iShares Edge MSCI Europe Min Volatility UCITS | 4.72% | 17.66% | 6.63% | 8.56% | 5.32% |
Correlation
The correlation between JUKC.L and IMV.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022 | 0.73 |
The correlation between JUKC.L and IMV.L has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
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Return for Risk
JUKC.L vs. IMV.L — Risk / Return Rank
JUKC.L
IMV.L
JUKC.L vs. IMV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan UK Equity Core UCITS ETF GBP (acc) (JUKC.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.
| JUKC.L | IMV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.17 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 0.97 | +1.40 |
| Martin ratioReturn relative to average drawdown | 8.25 | 2.92 | +5.33 |
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
| JUKC.L | IMV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 0.91 | +1.01 |
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 | 1.13 | 0.71 | +0.42 |
Drawdowns
JUKC.L vs. IMV.L - Drawdown Comparison
The maximum JUKC.L drawdown since its inception was -12.95%, smaller than the maximum IMV.L drawdown of -24.48%. Use the drawdown chart below to compare losses from any high point for JUKC.L and IMV.L.
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Drawdown Indicators
| JUKC.L | IMV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.95% | -24.48% | +11.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -8.50% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -12.95% | -8.50% | -4.45% |
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 | -3.36% | -4.62% | +1.26% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -3.57% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 2.83% | -0.31% |
Volatility
JUKC.L vs. IMV.L - Volatility Comparison
JPMorgan UK Equity Core UCITS ETF GBP (acc) (JUKC.L) has a higher volatility of 3.94% compared to iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) at 2.89%. This indicates that JUKC.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.
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Volatility by Period
| JUKC.L | IMV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 2.89% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.39% | 7.71% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.84% | 9.13% | +1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.06% | 10.97% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.06% | 12.31% | -0.25% |
JUKC.L vs. IMV.L - Expense Ratio Comparison
Both JUKC.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
JUKC.L vs. IMV.L - Dividend Comparison
Neither JUKC.L nor IMV.L has paid dividends to shareholders.
Frequently Asked Questions
JUKC.L and IMV.L have a correlation of 0.69, 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.
JUKC.L and IMV.L have the same expense ratio: 0.25% per year.
JUKC.L tracks FTSE AllSh TR GBP, while IMV.L tracks MSCI Europe NR EUR. They also come from different issuers: JPMorgan and iShares.
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