JUKE.L vs. MVEU.L
JUKE.L (JPMorgan UK Equity Core UCITS ETF GBP (dist)) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds - JUKE.L tracks the FTSE AllSh TR GBP while MVEU.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 3 years, JUKE.L returned 16.11%/yr vs 11.79%/yr for MVEU.L. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
JUKE.L vs. MVEU.L - Performance Comparison
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Different Trading Currencies
JUKE.L is traded in GBp, while MVEU.L is traded in EUR. To make them comparable, the MVEU.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, JUKE.L achieves a 7.14% return, which is significantly higher than MVEU.L's 6.38% return.
JUKE.L
- 1D
- 0.00%
- 1M
- -0.51%
- YTD
- 7.14%
- 6M
- 7.73%
- 1Y
- 22.88%
- 3Y*
- 16.11%
- 5Y*
- —
- 10Y*
- —
MVEU.L
- 1D
- 0.26%
- 1M
- 0.18%
- YTD
- 6.38%
- 6M
- 6.68%
- 1Y
- 11.85%
- 3Y*
- 11.79%
- 5Y*
- 7.21%
- 10Y*
- 8.04%
JUKE.L vs. MVEU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JUKE.L JPMorgan UK Equity Core UCITS ETF GBP (dist) | 7.14% | 25.12% | 9.70% | 7.50% | 5.41% |
MVEU.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) | 6.38% | 17.63% | 6.71% | 8.45% | 4.08% |
Correlation
The correlation between JUKE.L and MVEU.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 | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2022 | 0.72 |
The correlation between JUKE.L and MVEU.L has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.
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Return for Risk
JUKE.L vs. MVEU.L — Risk / Return Rank
JUKE.L
MVEU.L
JUKE.L vs. MVEU.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 Minimum Volatility UCITS ETF EUR (Acc) (MVEU.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JUKE.L | MVEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.24 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 1.42 | +1.15 |
| Martin ratioReturn relative to average drawdown | 8.52 | 4.19 | +4.33 |
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Drawdowns
JUKE.L vs. MVEU.L - Drawdown Comparison
The maximum JUKE.L drawdown since its inception was -12.31%, smaller than the maximum MVEU.L drawdown of -23.74%. Use the drawdown chart below to compare losses from any high point for JUKE.L and MVEU.L.
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Drawdown Indicators
| JUKE.L | MVEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.31% | -23.74% | +11.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -8.32% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -12.31% | -8.32% | -3.99% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.74% | — |
Current DrawdownCurrent decline from peak | -2.76% | -3.10% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -2.21% | -3.52% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 2.82% | -0.13% |
Volatility
JUKE.L vs. MVEU.L - Volatility Comparison
JPMorgan UK Equity Core UCITS ETF GBP (dist) (JUKE.L) has a higher volatility of 2.96% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) at 1.93%. This indicates that JUKE.L's price experiences larger fluctuations and is considered to be riskier than MVEU.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 | MVEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 1.93% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 9.48% | 7.32% | +2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.23% | 8.92% | +2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.97% | 11.28% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.97% | 12.62% | -0.65% |
JUKE.L vs. MVEU.L - Expense Ratio Comparison
Both JUKE.L and MVEU.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. MVEU.L - Dividend Comparison
JUKE.L's dividend yield for the trailing twelve months is around 2.84%, while MVEU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
JUKE.L JPMorgan UK Equity Core UCITS ETF GBP (dist) | 2.84% | 2.79% | 3.11% | 2.94% | 1.26% |
MVEU.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JUKE.L and MVEU.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 MVEU.L have the same expense ratio: 0.25% per year.
JUKE.L tracks FTSE AllSh TR GBP, while MVEU.L tracks MSCI Europe NR EUR. They also come from different issuers: JPMorgan and iShares.
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