JUKE.L vs. JRDE.L
JUKE.L (JPMorgan UK Equity Core UCITS ETF GBP (dist)) and JRDE.L (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)) are both Europe Equities funds from JPMorgan - JUKE.L tracks the FTSE AllSh TR GBP while JRDE.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 3 years, JUKE.L returned 14.96%/yr vs 13.08%/yr for JRDE.L. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
JUKE.L vs. JRDE.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with JUKE.L having a 6.30% return and JRDE.L slightly higher at 6.47%.
JUKE.L
- 1D
- 0.21%
- 1M
- -0.03%
- YTD
- 6.30%
- 6M
- 9.18%
- 1Y
- 20.70%
- 3Y*
- 14.96%
- 5Y*
- —
- 10Y*
- —
JRDE.L
- 1D
- 0.48%
- 1M
- 0.86%
- YTD
- 6.47%
- 6M
- 8.47%
- 1Y
- 18.87%
- 3Y*
- 13.08%
- 5Y*
- —
- 10Y*
- —
JUKE.L vs. JRDE.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% |
JRDE.L JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) | 6.47% | 25.66% | 2.21% | 14.40% | 10.23% |
Correlation
The correlation between JUKE.L and JRDE.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022 | 0.82 |
The correlation between JUKE.L and JRDE.L has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.
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Return for Risk
JUKE.L vs. JRDE.L — Risk / Return Rank
JUKE.L
JRDE.L
JUKE.L vs. JRDE.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 JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.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 | JRDE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.28 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.73 | +0.59 |
| Martin ratioReturn relative to average drawdown | 8.01 | 6.00 | +2.01 |
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 | JRDE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 1.53 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.72 | +0.43 |
Drawdowns
JUKE.L vs. JRDE.L - Drawdown Comparison
The maximum JUKE.L drawdown since its inception was -12.31%, smaller than the maximum JRDE.L drawdown of -15.75%. Use the drawdown chart below to compare losses from any high point for JUKE.L and JRDE.L.
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Drawdown Indicators
| JUKE.L | JRDE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.31% | -15.75% | +3.44% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -10.94% | +2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -12.31% | -12.84% | +0.53% |
Current DrawdownCurrent decline from peak | -3.53% | -2.07% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -3.73% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 3.16% | -0.57% |
Volatility
JUKE.L vs. JRDE.L - Volatility Comparison
JPMorgan UK Equity Core UCITS ETF GBP (dist) (JUKE.L) and JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) have volatilities of 3.97% and 3.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JUKE.L | JRDE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 3.98% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.41% | 10.29% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.95% | 12.39% | -1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.88% | 14.16% | -2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.88% | 14.16% | -2.28% |
JUKE.L vs. JRDE.L - Expense Ratio Comparison
Both JUKE.L and JRDE.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. JRDE.L - Dividend Comparison
JUKE.L's dividend yield for the trailing twelve months is around 2.86%, more than JRDE.L's 2.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
JRDE.L JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) | 2.19% | 2.18% | 2.68% | 1.11% | 2.99% |
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 JRDE.L have a correlation of 0.78, 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 JRDE.L have the same expense ratio: 0.25% per year.
JUKE.L tracks FTSE AllSh TR GBP, while JRDE.L tracks MSCI Europe NR EUR.
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