JUKC.L vs. MVED.L
JUKC.L (JPMorgan UK Equity Core UCITS ETF GBP (acc)) and MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) are both Europe Equities funds - JUKC.L tracks the FTSE AllSh TR GBP while MVED.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 3 years, JUKC.L returned 14.98%/yr vs 8.28%/yr for MVED.L. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
JUKC.L vs. MVED.L - Performance Comparison
Loading charts...
Different Trading Currencies
JUKC.L is traded in GBp, while MVED.L is traded in EUR. To make them comparable, the MVED.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, JUKC.L achieves a 6.47% return, which is significantly higher than MVED.L's 3.88% return.
JUKC.L
- 1D
- 0.34%
- 1M
- 2.18%
- YTD
- 6.47%
- 6M
- 8.36%
- 1Y
- 20.86%
- 3Y*
- 14.98%
- 5Y*
- —
- 10Y*
- —
MVED.L
- 1D
- 0.45%
- 1M
- 0.80%
- YTD
- 3.88%
- 6M
- 4.77%
- 1Y
- 5.26%
- 3Y*
- 8.28%
- 5Y*
- 6.21%
- 10Y*
- —
JUKC.L vs. MVED.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% |
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) | 3.88% | 14.60% | 3.94% | 8.51% | 5.39% |
Correlation
The correlation between JUKC.L and MVED.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 | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022 | 0.71 |
The correlation between JUKC.L and MVED.L has been stable across timeframes, ranging from 0.69 to 0.71 - a consistent structural relationship.
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
JUKC.L vs. MVED.L — Risk / Return Rank
JUKC.L
MVED.L
JUKC.L vs. MVED.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 Minimum Volatility UCITS ETF EUR (Dist) (MVED.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 | MVED.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.11 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 0.63 | +1.74 |
| Martin ratioReturn relative to average drawdown | 8.25 | 1.79 | +6.47 |
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
| JUKC.L | MVED.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 0.57 | +1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.49 | +0.64 |
Drawdowns
JUKC.L vs. MVED.L - Drawdown Comparison
The maximum JUKC.L drawdown since its inception was -12.95%, smaller than the maximum MVED.L drawdown of -24.31%. Use the drawdown chart below to compare losses from any high point for JUKC.L and MVED.L.
Loading charts...
Drawdown Indicators
| JUKC.L | MVED.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.95% | -24.31% | +11.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -8.28% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -12.95% | -8.28% | -4.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.36% | — |
Current DrawdownCurrent decline from peak | -3.36% | -5.32% | +1.96% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -4.10% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 2.94% | -0.42% |
Volatility
JUKC.L vs. MVED.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 Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) at 2.98%. This indicates that JUKC.L's price experiences larger fluctuations and is considered to be riskier than MVED.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JUKC.L | MVED.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 2.98% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 9.39% | 7.68% | +1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.84% | 9.18% | +1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.06% | 11.29% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.06% | 12.95% | -0.89% |
JUKC.L vs. MVED.L - Expense Ratio Comparison
Both JUKC.L and MVED.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. MVED.L - Dividend Comparison
Neither JUKC.L nor MVED.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JUKC.L JPMorgan UK Equity Core UCITS ETF GBP (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) | 0.00% | 0.00% | 0.00% | 2.67% | 2.95% | 2.16% | 2.54% | 2.81% | 2.50% |
Frequently Asked Questions
JUKC.L and MVED.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 MVED.L have the same expense ratio: 0.25% per year.
JUKC.L tracks FTSE AllSh TR GBP, while MVED.L tracks MSCI Europe NR EUR. They also come from different issuers: JPMorgan and BlackRock.
Find the right allocation for JUKC.L and MVED.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