JUKE.L vs. IMV.L
JUKE.L (JPMorgan UK Equity Core UCITS ETF GBP (dist)) and IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) are both Europe Equities funds - JUKE.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, JUKE.L returned 14.96%/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
JUKE.L vs. IMV.L - Performance Comparison
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Returns By Period
In the year-to-date period, JUKE.L achieves a 6.30% return, which is significantly higher than IMV.L's 4.72% return.
JUKE.L
- 1D
- 0.21%
- 1M
- 2.07%
- YTD
- 6.30%
- 6M
- 8.40%
- 1Y
- 20.76%
- 3Y*
- 14.96%
- 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%
JUKE.L vs. IMV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JUKE.L JPMorgan UK Equity Core UCITS ETF GBP (dist) | 6.30% | 25.12% | 9.70% | 7.50% | 5.81% |
IMV.L iShares Edge MSCI Europe Min Volatility UCITS | 4.72% | 17.66% | 6.63% | 8.56% | 5.32% |
Correlation
The correlation between JUKE.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 JUKE.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
JUKE.L vs. IMV.L — Risk / Return Rank
JUKE.L
IMV.L
JUKE.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 (dist) (JUKE.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.
| JUKE.L | IMV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.17 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 0.97 | +1.35 |
| Martin ratioReturn relative to average drawdown | 8.01 | 2.92 | +5.08 |
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
| JUKE.L | IMV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 0.91 | +0.98 |
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 | 1.15 | 0.71 | +0.44 |
Drawdowns
JUKE.L vs. IMV.L - Drawdown Comparison
The maximum JUKE.L drawdown since its inception was -12.31%, smaller than the maximum IMV.L drawdown of -24.48%. Use the drawdown chart below to compare losses from any high point for JUKE.L and IMV.L.
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Drawdown Indicators
| JUKE.L | IMV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.31% | -24.48% | +12.17% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -8.50% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -12.31% | -8.50% | -3.81% |
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 | -3.53% | -4.62% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -3.57% | +1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.83% | -0.24% |
Volatility
JUKE.L vs. IMV.L - Volatility Comparison
JPMorgan UK Equity Core UCITS ETF GBP (dist) (JUKE.L) has a higher volatility of 3.97% compared to iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) at 2.89%. This indicates that JUKE.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
| JUKE.L | IMV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 2.89% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.41% | 7.71% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.95% | 9.13% | +1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.88% | 10.97% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.88% | 12.31% | -0.43% |
JUKE.L vs. IMV.L - Expense Ratio Comparison
Both JUKE.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
JUKE.L vs. IMV.L - Dividend Comparison
JUKE.L's dividend yield for the trailing twelve months is around 2.86%, while IMV.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IMV.L iShares Edge MSCI Europe Min Volatility UCITS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JUKE.L JPMorgan UK Equity Core UCITS ETF GBP (dist) | 2.86% | 2.79% | 3.11% | 2.94% | 1.26% |
Frequently Asked Questions
JUKE.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.
JUKE.L and IMV.L have the same expense ratio: 0.25% per year.
JUKE.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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